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Bean Group
Offered at $549,000Active
beds
4
baths
2
sq ft
2,200
Built
1973

558 New Dam Road

Waterboro, ME 04061

About this home

Interest rates are high but these Sellers are willing to consider a RATE BUY DOWN to help the buyer save a lot of money on the monthly payments. The home is a well landscaped ranch with a circle driveway offers single level living on a manageable lot. The home has been well loved and cared for by the current owners for 43 years! Appliances are new, muliple heat sources give options, and the dry basement gives ample storage space. There is plenty of room to entertain inside and outside with 2,200 sq ft indoors and you can spill over to the deck and patio in the back. Horse shoes and firepit are also available in the backyard. The four bedroom septic design supports the ability to use the bonus space in between the garage and house as a bedroom if desired. It is currently being used as an exercise room and storage room but it has been used as a bedroom in the past. A notable mention is the 3-CAR attached GARAGE, 2 of which have oversized garage doors to allow you to park your truck or maybe even a camper! Located in the Lake Arrowhead Community so you will have access to the many amenities Lake Arrowhead offers including beaches, pools, fitness center, clubhouse and more!

Listing last checked: Listing updated:

Listed by Listing Agent · Maine Real Estate Experts · MLS #1683512

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Details at a glance

Interior5 property facts
Rooms
8
Heating
Oil, Propane, Wood, Forced Air, Wood Stove
Cooling
None
Flooring
Carpet, Wood, Ceramic Tile
Fireplaces
2
Building5 property facts
Style
Single Family Residence
Year built
1973
Garage
3
Foundation
Poured Concrete
Roof
Shingle
Land & utilities4 property facts
Lot size
0.94 acres
Water
Public
Sewer
Private Sewer
Zoning
VR
Financial3 property facts
Annual taxes
$4,574
Assessment year
2025
HOA fee
$1,333 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $549,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,157 / monthAdjust
Principal & interest
$2,776
Property tax
$381
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $4,574. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $1,333. The billing period was not supplied; confirm the monthly amount before adding it.

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 558 New Dam Road

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Request a tour of 558 New Dam 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.

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