Foreclosure for Sale on Park St, Madison, ME 04950

Foreclosures โ€บ Maine โ€บ Somerset โ€บ Madison โ€บ Park St
Bank-owned REO foreclosure property at Park St, Madison, ME 04950. 3 bed 1 bath 864 sq ft Somerset County foreclosure listing.
Foreclosure (REO) Active 16 days on market
Park St, Madison, ME 04950
Est. Value
$84,900
Somerset County ยท Maine
3
Bedrooms
1
Bathrooms
864
Sq ft
1940
Year built
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Property details
Listing type Foreclosure
Property type SingleFamily
Bedrooms 3
Bathrooms 1
Living area 864 sq ft
Year built 1940
County Somerset County
State Maine
ZIP 04950
Days on Market 16 days
Listing ID 66203733
About this property

This Madison, ME property is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted.

๐Ÿ“Š Somerset County Market ยท Updated daily
Active Listings
75
Avg. Est. Value
$99,600
Bank-Owned (REO)
13
Pre-Foreclosures
62

17 active foreclosure listings in Madison, ME.

Browse all Somerset County foreclosures โ†’
โ“ Frequently Asked Questions
This is a bank-owned (REO) property. The lender has repossessed it after the foreclosure process completed. REO properties are sold as-is but typically allow conventional financing and interior inspections before closing.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Somerset County foreclosures for additional guidance on the purchase process.
There are currently 17 active foreclosure listings in Madison, ME. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition โ€” most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status โ€” eviction may be required if the property is occupied.
๐ŸŒŠ Flood Zone ยท FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

Check FEMA Flood Map โ†’
๐Ÿฆ Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
โ€”
๐Ÿ“ Location Map ยท Madison, ME Open in Google Maps โ†’
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๐Ÿ˜๏ธ Neighborhood Profile ยท ZIP 04950 ยท U.S. Census ACS
Population
4,738
Median Age
52.4 yrs
Households
2,083
Median Household Income
$55,839
Median Home Value
$150,500
Median Rent
$976/mo
Owner-Occupied
70% of homes
Vacancy Rate
24% of units
Unemployment Rate
2.3%

~12% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
๐Ÿซ Schools ยท NCES 2024โ€“25
Schools in ZIP 04950
๐Ÿซ Elementary
Madison Elementary School
Grades Pre-Kโ€“2ยทMadison ZIP 04950
Main Street Middle School
Grades 3โ€“6ยทMadison ZIP 04950
๐ŸŽ“ High
Madison Jr/Sr High School
Grades 7โ€“12ยทMadison ZIP 04950

Source: NCES CCD 2024โ€“25 ยท nces.ed.gov

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