557 Preble Avenue, Madison, ME 04950
Property image
Property image
SOLD
MAY 18, 2026

$118,700

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 2,352 sqft (on 2 acres)

557 Preble Avenue, Madison, ME 04950

Est. Refi. Payment $831/mo*
Refinance Your Home
Currently Off Market - Sold May 18, 2026 for $118,000 (21% below list price)

Home Value

Trulia Estimate
$119K
Since last month
Decreased$200 (-0.2%)
Since last year
Decreased$162K (-57.6%)
Since last sale
Increased$800 (+0.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -22% in the last 10 years
MonthEstimated value
2026
September 2026$119K
August 2026$119K
July 2026$119K
June 2026$119K
May 2026$118K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
57 Deer Run Road, Madison, ME
1.19
Single-Family Home
$255,000
03/31/26
3
2
1,179
75 Colby Bryant Road, Madison, ME
1.16
Single-Family Home
$270,000
10/22/25
2
1.5
1,280
242 Preble Avenue, Madison, ME
1.17
Single-Family Home
$120,000
09/09/26
2
1
980
31 Red Barn Road, Norridgewock, ME
1.81
Single-Family Home
$130,000
11/03/25
4
1
1,536
15 Clifton Street, Madison, ME
2.22
Single-Family Home
$162,250
10/10/25
3
1
1,860
11 Ash Street, Madison, ME
2.35
Single-Family Home
$271,350
12/22/25
3
2
2,176
21 Young Street, Madison, ME
2.39
Single-Family Home
$350,000
10/17/25
2
1.5
2,088
174 Old Point Avenue, Madison, ME
2.43
Single-Family Home
$240,000
03/09/26
2
2
1,100

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
530 Preble Avenue, Madison, ME 04950
0.14
$326,300
3
1
2,744
Off Market
38 Walker Road, Madison, ME 04950
0.23
$120,000
-
-
-
Recently Sold
P/O M2 L31 Walker Road, Madison, ME 04950
0.36
$52,000
-
-
-
Recently Sold
647 Preble Avenue, Madison, ME 04950
0.41
$290,900
2
2
1,680
Off Market
M2 L24 Preble Avenue, Madison, ME 04950
0.46
-
-
-
-
Off Market
183 Shusta Road, Madison, ME 04950
0.59
$147,100
3
1
1,087
Off Market
711 Preble Avenue, Madison, ME 04950
0.73
$64,000
-
-
-
Recently Sold
M 2 L40 Preble Avenue, Madison, ME 04950
0.75
-
-
-
-
Off Market
189 Shusta Road, Madison, ME 04950
0.78
$225,000
3
1
1,200
For Sale
P/O M1 L34 Preble Avenue, Madison, ME 04950
0.82
-
-
-
-
Off Market
0 Ward Hill Road, Madison, ME 04950
0.84
$40,000
-
-
-
Recently Sold

Local Information

  • Map ViewExplore the area around 557 Preble Avenue.
  • Schools2 Preschool Schools4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1960
2 acre lot
2,352 sqft
$50/sqft
2 Car Garage
Last check for updates: about 4 hours ago
Listed by Real Broker
Bought with: Coldwell Banker Sandy River Realty
Source: Maine Listings, MLS#1649513

About this House

This classic single-family residence offers 4 bedrooms and 2 full bathrooms, providing ample space and flexible living options. With 2,352 square feet of interior living space, this home presents a solid foundation for customization and value enhancement.

Situated on a spacious 2-acre lot, the property offers privacy while remaining conveniently close to town, making it an ideal location for both owner-occupants and investors. A newer metal roof adds durability and long-term value, while multiple heat sources provide efficiency and comfort options throughout the seasons.

The home includes a 2-bay garage, perfect for vehicles, storage, or workshop use. While the property needs TLC, it offers tremendous potential for renovation, rental income, or resale. The generous lot size allows room for outdoor living, expansion, or landscaping improvements.

With its desirable layout, strong structural features, and excellent location, this property is a great investment opportunity for buyers looking to add value and make it their own.
557 Preble Avenue, Madison, ME 04950 is a 4 bedroom, 2 bathroom, 2,352 sqft single-family home built in 1960. It last sold for $118,000 on May 18, 2026 (21% below the $150,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $118,700, with a rent estimate of $2,180/month.

Home Details for 557 Preble Avenue

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Interior Entry,PartialNumber of Rooms: 9Types of Rooms: Primary Bedroom, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Laundry, Living Room, Office
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2352 Square Feet
Appliances & Utilities
Appliances: Gas Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Baseboard,Hot Water,Pellet Stove,Wood StoveNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Vinyl
Levels, Entrance, & Accessibility
Floors: Vinyl
View
Has a ViewView: Trees/Woods

Exterior Features

Exterior Home Features
Roof: Metal PitchedPatio / Porch: DeckFoundation: Poured ConcreteNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Gravel,1 - 4 Spaces
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Private Sewer
Finished Area
Finished Area (above surface): 2352 Square Feet

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Cape Cod
Building
Construction Materials: Wood Frame, Vinyl Siding

Price & Status

Price
List Price: $150,000Price Per Sqft: $50/sqft
Status Change & Dates
Off Market Date: Mon Mar 23 2026

Location

Direction & Address
City: Madison

Building

Building Area
Building Area: 2352 Square Feet

Lot Information

Lot Area: 2 Acres

Miscellaneous

BasementMls Number: 1649513Above Grade Unfinished Area: 2352

Price and Tax history

DateEventPrice
May 18, 2026
Source: Maine Listings #1649513
Sold
$118,000
Mar 24, 2026
Source: Maine Listings #1649513
Pending
$150,000
Mar 5, 2026
Source: Maine Listings #1649513
PriceChange
$150,000
Price decreased by 6%
Feb 28, 2026
Source: Maine Listings #1649513
PendingToActive
$160,000
Jan 30, 2026
Source: Maine Listings #1649513
Contingent
$160,000

Market trends in Madison

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
28
1MoM

Around this home

What Locals Say about Madison

At least 6 Trulia users voted on each feature.

  • 100 % Say yards are well-kept

  • 86 % Say parking is easy

  • 86 % Say kids play outside

  • 83 % Say it's dog friendly

  • 75 % Say there's holiday spirit

  • 75 % Say they plan to stay for at least 5 years

  • 71 % Say car is needed

  • 70 % Say people would walk alone at night

  • 67 % Say neighbors are friendly

  • 63 % Say there are sidewalks

  • 63 % Say streets are well-lit

  • 60 % Say it's walkable to grocery stores

  • 54 % Say there's wildlife

  • 50 % Say it's walkable to restaurants

  • 44 % Say there are community events

  • 40 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Amandaroy14
    "Many families in Area, good schools, friendly townspeople, nice town events, old down home feeling to it "
    1
    Flag
  • Trulia User
    "I’ve seen a woman drive into the neighborhood and let her older dog out of the car to do his business. 2x’s so far."
    0
    Flag
  • Sharyn
    "Great area for recreation year round: boating, fishing, snow mobiling, skiing nearby, golf, summer theatre, involved summer community. Small town feeling. "
    0
    Flag

LGBTQ Local Legal Protections

Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443

Frequently asked questions about 557 Preble Avenue

  • What is 557 Preble Avenue estimated to be worth?
    Trulia's estimated value for 557 Preble Avenue in Madison, ME is $118,700.
  • What is the price history for 557 Preble Avenue?
    557 Preble Avenue in Madison, ME last sold for $118,000 in May 2026.
  • Is Madison a buyer's or seller's market?
    Madison is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Madison?
    Residents describe Madison, ME as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See recently sold homes in Madison, ME.
  • Does 557 Preble Avenue have laundry facilities?
    Yes, 557 Preble Avenue in Madison, ME has laundry facilities.
  • How big is the lot at 557 Preble Avenue?
    The lot at 557 Preble Avenue in Madison, ME is about 2 acres.

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