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Single Family ResidenceResidential
$227,909$226 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 79How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

1040 RIVER RD

MADISON, ME 04950
1
Beds
2
Baths
1,008 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
17.5 ac
Lot SizeThe size of the land the home sits on, from county records.
2001
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
3
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$228K
$181K low$275K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$227,909
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$182,327

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,971 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$277,700 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$56,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$221,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$200,400

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.31
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
6
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
46
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
92
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
12
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Conventional
CountySOMERSET
Lot (acres)The size of the land the home sits on, from county records.17.50
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Hot Water
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Madison Elementary School
Elementary · Grades PK–2 · 5.8 mi
M
Madison Jr/Sr High School
Middle · Grades 7–12 · 5.9 mi

District: School Administrative District 59

Neighborhood · ZIP 04950These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.64
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.65
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.73

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.84%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.12%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.15%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.4,752
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.86 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$56,459
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$81,765
Average tempThe average temperature here across a full year.42°F
Annual precipHow much rain and melted snow falls here in a typical year.41 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.50%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1040 River Rd measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs more per square foot than 78% of homes in Madison 04950
  • Smaller than 70% of homes in Somerset County
  • Has a bigger lot than 91% of homes in Madison 04950
  • Newer than 86% of homes in Somerset County

What homes are worth in Madison 04950

Each bar is how many homes fall in that price range. The marker is this home.

This home
$72K$488K

This home is worth more than 62% of homes in Madison 04950.

How it measures up in Madison 04950

The dot is this home. The mark in the middle is the typical home in Madison 04950.

Estimated value$227,909
CheaperTypical $203,368Pricier

Pricier than 62% of homes nearby

Price per ft²$226
CheaperTypical $172Pricier

Pricier than 78% of homes nearby

Living area1,008 ft²
SmallerTypical 1,120 ft²Bigger

Bigger than 42% of homes nearby

Lot size17.5 ac
SmallerTypical 0.75 acBigger

Bigger than 91% of homes nearby

Year built2001
OlderTypical 1980Newer

Newer than 80% of homes nearby

How 1040 River Rd ranks against every home in each area.
MeasureThis homeMadison 04950Somerset County
Estimated valuepricier than$227,90962% of homes55% of homes
Price per ft²pricier than$22678% of homes75% of homes
Living areabigger than1,008 ft²42% of homes30% of homes
Lot sizebigger than17.5 ac91% of homes87% of homes
Year builtnewer than200180% of homes86% of homes

About 1040 River Rd

How much is 1040 River Rd, Madison, ME worth?

The TopHap Estimate for 1040 River Rd, Madison, ME is $227,909 as of Jul 14, 2026. The likely range is $180,858 to $274,960. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1040 River Rd, Madison, ME last sell?

1040 River Rd, Madison, ME last sold on Mar 19, 2021, according to the county's recorded deed.

How big is 1040 River Rd, Madison, ME?

1040 River Rd, Madison, ME has 1 bedrooms, 2 bathrooms, 1,008 square feet of living space and a 17.50-acre lot.

When was 1040 River Rd, Madison, ME built?

1040 River Rd, Madison, ME was built in 2001, making it 25 years old. It is a conventional home. The building has 1 story.

What schools serve 1040 River Rd, Madison, ME?

1040 River Rd, Madison, ME is assigned to Madison Elementary School (elementary); Madison Jr/Sr High School (middle). All sit in School Administrative District 59. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1040 River Rd, Madison, ME compare to other homes in Madison 04950?

Among the 2,173 homes in Madison 04950, it is worth more than 62% of them ($227,909 against a typical $203,368), its price per square foot is higher than 78% of them ($226 against a typical $172), it is bigger than 42% of them (1,008 ft² against a typical 1,120 ft²), its lot is bigger than 91% of them (17.5 ac against a typical 0.75 ac) and it is newer than 80% of them (2001 against a typical 1980). Measured against all of Somerset County, it is worth more than 55% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1040 River Rd, Madison, ME?

The 2025 property tax bill for 1040 River Rd, Madison, ME was $3,971. The county assessed it at $277,700.

Closest homes

More homes in Madison 04950

Assigned schools

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