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Bean Group
Offered at $200,000Active
beds
—
baths
0
sq ft
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Built
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140 E Madrid Road

Phillips, ME 04966

About this home

Discover the perfect blend of privacy, recreation, and ready-to-build convenience at 140 East Madrid Road in Phillips, Maine. This surveyed 24.72± acre property offers over 1,600 feet of town-maintained road frontage and features a beautiful mix of open pasture, mature woods, rolling terrain, and a stream winding through the property. A tremendous amount of work has already been completed for the next owner. The property includes an existing driveway, electric service, drilled well, septic system, and a 33' x 50' Alaskan slab foundation--giving you a substantial head start whether you're dreaming of building a year-round home, vacation retreat, or mountain getaway. The current owner thoughtfully cleared a portion of the land to capture sweeping views of Mount Blue and the Sandy River Valley. With abundant privacy, standing timber, and ample frontage, buyers may also wish to explore the potential for multiple building sites or future subdivision, subject to local approvals. Outdoor enthusiasts will appreciate the proximity to ATV and snowmobile trails, the Appalachian Trail just 8 miles away, Rangeley approximately 20 miles away, and Sugarloaf only about 30 miles from the property. Downtown Phillips, with groceries, gas, and everyday conveniences, is just 4 miles away. Whether you're looking to build now or invest in a spectacular piece of western Maine, 140 East Madrid Road offers a rare combination of acreage, views, infrastructure, and opportunity.

Listing last checked: Listing updated:

Listed by Listing Agent · United Country Lifestyle Properties of Maine · MLS #1667400

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Details at a glance

Building1 property facts
Style
Other
Land & utilities5 property facts
Lot size
24.72 acres
Water
Private, Well
Sewer
Septic Tank
Waterfront
Y
Zoning
Residential
Financial2 property facts
Annual taxes
$1,200
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $200,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,111 / monthAdjust
Principal & interest
$1,011
Property tax
$100
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $1,200. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 140 E Madrid Road

Can I request a private showing?

Request a tour of 140 E Madrid Road and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.