Renovated, Garage, Income Potential, Historic
1920 Madawaska New Englander, Fully Rebuilt Systems, Trail Access — $113,800
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 6 | 1920 New Englander, 820 sqft, 2BR/1BA, insulated garage, trail access |
| Condition | 25% | 8 | Comprehensive recent upgrades — roof, siding, windows, doors, electrical, plumbing, heat pump; cosmetic only remains |
| Price / Sq Ft | 15% | 4 | Listing $139/sqft vs zip median ~$100/sqft — 39% above median (thin, 8 comps) |
| Price vs. Market | 5% | 4 | $113,800 vs zip median $152,834 — roughly 26% below median |
| Market Conditions | 5% | 7 | Strong buyer signals: 92.3% sale-to-list, 32.4% price drops, DOM 45 vs listing's 177 days |
Everything mechanical in this house has been replaced. Roof, siding, windows, doors, electrical, plumbing, heat pump, water softener. That list matters because on a 104-year-old New Englander in northern Maine, the systems are the part that quietly costs you everything if you buy wrong. Here, someone already did that work. What remains is cosmetic.
The house is small. 820 square feet, two bedrooms, one bath. That is a straightforward size for one person or a couple who do not need a lot of room and would rather have low overhead than extra square footage they heat through a Maine winter. The heat pump is there alongside monitor heaters, so you have options.
The insulated garage adds real utility. It works as a workshop, storage, or a place to keep equipment out of the cold. Given the trail access, that matters. The listing points out proximity to snowmobile and ATV trails, and if you wanted to run this as an Airbnb during season, the garage gives you somewhere to handle gear without it taking over the living space.
The price per square foot runs about 39 percent above the zip median, which on a thin eight-comp sample is worth acknowledging. The house is smaller than what typically trades in the area, so the per-square-foot number climbs even when the total price stays low. At $113,800, you are sitting roughly 26 percent below the zip median sale price. For a house where the big expensive work is done, that spread has some logic to it.
Madawaska is in Aroostook County at the Canadian border. That is a real consideration. This is not a house near a city. The market here moves slowly, DOM is running around 177 days for this listing versus a local average closer to 45, and about a third of listings see price cuts. So the competition is manageable, but the buyer pool for a resale would be the same.
What you get for $113,800 is a tight, well-maintained house with no deferred mechanical work, a usable garage, and trail access out the door.
