17 Lake St · Stockholm, ME 04783

$73,900

3 bd · 1.0 ba · 1,100 sqft · Other · 193 Days on market

Built 1940 6,534 sqft lot $67/sqft · 41% below area Est $126k · 41% under ↓ 6% since listing

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.9/10.0
• Appreciation +5.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This charming 3-bedroom, 1-bath home on Lake Street in Stockholm, ME offers beautiful views of the Little Madawaska River and places you right near some of northern Maine's best ATV and snowmobile trails, making it ideal for outdoor enthusiasts. Inside, the home features a convenient first-floor master bedroom and first-floor laundry, along with a bright and comfortable layout that provides an easy foundation for everyday living. While the home is cozy and welcoming, it also offers an excellent opportunity to add value, as it still needs some finishing touches—perfect for buyers who want to personalize the space and make it their own. With peaceful river scenery, year-round recreational opportunities just minutes away, and a location in a quiet, friendly community, this property is well suited as a full-time residence, a seasonal getaway, or an investment with great potential.

Key facts

• First-floor laundry
• 6,534 sq ft lot
• Garage

Tags

• LITTLE MADAWASKA RIVER
• ATV AND SNOWMOBILE TRAILS
• FIRST-FLOOR MASTER BEDROOM
• FIRST-FLOOR LAUNDRY
• PEACEFUL RIVER SCENERY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $74k.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $74k).
• Recommended offer: $65k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade A — affects rentability + tenant quality, not the cash-flow math above.
• RSU 39 (town): math 82% / reading 83% proficiency, ranked #79 of 112 in ME (top 70%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 2 active listings in the ZIP; 112 units permitted in Aroostook County in 2024 (45 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($511 loan paydown + $2k appreciation (3.0% local appreciation)).
• Aroostook County population projected at -33% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 193 days — a 12% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $65,032 (12.0% below list)

Questions for the listing agent

1. It's been on market 193 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.68% ✓
• Cap rate: 13.93%
• Cash-on-cash: 27.28%
• DSCR: 2.21
• GRM: 4.9

CMA / ARV

• ARV (median comp): $126,106
• List price: $73,900
• Delta: -41.40%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.3%
• Equity multiple: 2.88×
• Total profit: $38,887
• Equity at exit: $33,229

10-year hold

• IRR: 33.5%
• Equity multiple: 5.66×
• Total profit: $96,479
• Equity at exit: $51,209

Cash invested: $20,692 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Maine: 41 Moderately Tenant-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

Portland has rent control referendum (2020); strong habitability; security deposit caps.

Methodology + full state rankings →

ZIP-level market 04783

• Active inventory: 2
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,244 medium
• Mortgage (P&I): −$388
• Tax from tax record: −$94 /mo · $1,129/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $470

Break-even live

Break-even rent $649

Max offer price $73,900

Occupancy floor 57%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,475
• Closing costs: $2,217
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $73,900 Active 193 DOM
2. 2026-06-17
   days on market $73,900 Active 192 DOM
3. 2026-06-16
   days on market $73,900 Active 191 DOM
4. 2026-06-15
   days on market $73,900 Active 190 DOM
5. 2026-06-13
   days on market $73,900 Active 188 DOM
6. 2026-06-12
   days on market $73,900 Active 187 DOM
7. 2026-06-09
   days on market $73,900 Active 184 DOM
8. 2026-06-08
   days on market $73,900 Active 183 DOM
9. 2026-06-07
   days on market $73,900 Active 182 DOM
10. 2026-06-07
    days on market $73,900 Active 181 DOM
11. 2026-06-04
    days on market $73,900 Active 178 DOM
12. 2026-06-02
    days on market $73,900 Active 177 DOM
13. 2026-06-01
    days on market $73,900 Active 176 DOM
14. 2026-05-31
    days on market $73,900 Active 175 DOM
15. 2026-05-31
    days on market $73,900 Active 174 DOM
16. 2026-03-08
    price $73,900 895-char remark

    Show marketing remark (895 chars)

    This charming 3-bedroom, 1-bath home on Lake Street in Stockholm, ME offers beautiful views of the Little Madawaska River and places you right near some of northern Maine's best ATV and snowmobile trails, making it ideal for outdoor enthusiasts. Inside, the home features a convenient first-floor master bedroom and first-floor laundry, along with a bright and comfortable layout that provides an easy foundation for everyday living. While the home is cozy and welcoming, it also offers an excellent opportunity to add value, as it still needs some finishing touches—perfect for buyers who want to personalize the space and make it their own. With peaceful river scenery, year-round recreational opportunities just minutes away, and a location in a quiet, friendly community, this property is well suited as a full-time residence, a seasonal getaway, or an investment with great potential.

17. 2026-01-31
    status Active 895-char remark

    Show marketing remark (895 chars)

    This charming 3-bedroom, 1-bath home on Lake Street in Stockholm, ME offers beautiful views of the Little Madawaska River and places you right near some of northern Maine's best ATV and snowmobile trails, making it ideal for outdoor enthusiasts. Inside, the home features a convenient first-floor master bedroom and first-floor laundry, along with a bright and comfortable layout that provides an easy foundation for everyday living. While the home is cozy and welcoming, it also offers an excellent opportunity to add value, as it still needs some finishing touches—perfect for buyers who want to personalize the space and make it their own. With peaceful river scenery, year-round recreational opportunities just minutes away, and a location in a quiet, friendly community, this property is well suited as a full-time residence, a seasonal getaway, or an investment with great potential.

18. 2026-01-25
    status Pending 895-char remark

    Show marketing remark (895 chars)

    This charming 3-bedroom, 1-bath home on Lake Street in Stockholm, ME offers beautiful views of the Little Madawaska River and places you right near some of northern Maine's best ATV and snowmobile trails, making it ideal for outdoor enthusiasts. Inside, the home features a convenient first-floor master bedroom and first-floor laundry, along with a bright and comfortable layout that provides an easy foundation for everyday living. While the home is cozy and welcoming, it also offers an excellent opportunity to add value, as it still needs some finishing touches—perfect for buyers who want to personalize the space and make it their own. With peaceful river scenery, year-round recreational opportunities just minutes away, and a location in a quiet, friendly community, this property is well suited as a full-time residence, a seasonal getaway, or an investment with great potential.

19. 2025-12-29
    price $74,900 895-char remark

    Show marketing remark (895 chars)

    This charming 3-bedroom, 1-bath home on Lake Street in Stockholm, ME offers beautiful views of the Little Madawaska River and places you right near some of northern Maine's best ATV and snowmobile trails, making it ideal for outdoor enthusiasts. Inside, the home features a convenient first-floor master bedroom and first-floor laundry, along with a bright and comfortable layout that provides an easy foundation for everyday living. While the home is cozy and welcoming, it also offers an excellent opportunity to add value, as it still needs some finishing touches—perfect for buyers who want to personalize the space and make it their own. With peaceful river scenery, year-round recreational opportunities just minutes away, and a location in a quiet, friendly community, this property is well suited as a full-time residence, a seasonal getaway, or an investment with great potential.

20. 2025-12-01
    listed $79,000 Active 895-char remark

    Show marketing remark (895 chars)

    This charming 3-bedroom, 1-bath home on Lake Street in Stockholm, ME offers beautiful views of the Little Madawaska River and places you right near some of northern Maine's best ATV and snowmobile trails, making it ideal for outdoor enthusiasts. Inside, the home features a convenient first-floor master bedroom and first-floor laundry, along with a bright and comfortable layout that provides an easy foundation for everyday living. While the home is cozy and welcoming, it also offers an excellent opportunity to add value, as it still needs some finishing touches—perfect for buyers who want to personalize the space and make it their own. With peaceful river scenery, year-round recreational opportunities just minutes away, and a location in a quiet, friendly community, this property is well suited as a full-time residence, a seasonal getaway, or an investment with great potential.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ME · Partial reset (capped growth)

• Current annual tax: $1,129 · $94/mo
• Projected year-2 tax: $1,129 · $94/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $14,930
• − Mortgage interest: −$4,140
• − Property taxes: −$1,129
• − Insurance: −$370
• − Repairs & maintenance: −$1,194
• − Management: −$1,194
• − Depreciation: −$2,150
• Taxable income: $4,753
• Est. tax owed @ 24.0%: −$1,141
• After-tax cash flow: $4,505/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: RSU 39
• NCES district ID: 2314794
• Math proficiency: 82% ▲ 55.00%
• Reading proficiency: 83% ▲ 39.00%
• Median HH income: $38,159
• Composite: 68.6/100
• National rank: #341
• State rank: #79 of 112 in ME

Livability — Stockholm

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 468

Population outlook (Aroostook County) Hauer SSP2

• Today (2025): 61,905 people
• By 2030: 57,815 · -6.6%
• By 2040: 49,240 · -20.5%
• By 2050: 41,386 · -33.1%
• By 2075: 27,664 · -55.3%
• By 2100: 18,974 · -69.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 16% Serbian 6% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · French/Haitian/Cajun 7% Other Indo-European 4%

Political lean MEDSL · Aroostook

• 2024 margin: Strong R (+26.2) · D 36.2% · R 62.4% · Other 1.4%
• 2008→2024 swing: -35.8pp toward R · 2008: 9.6pp · 2024: -26.2pp
• All cycles: 2024: R+26.2 2020: R+19.9 2016: R+17.3 2012: D+7.7 2008: D+9.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-6.5% since first listed

5 events — show timeline

• 2026-03-08 Price Changed $73,900 MREIS
• 2026-01-31 Relisted — MREIS
• 2026-01-25 Pending — MREIS
• 2025-12-29 Price Changed $74,900 MREIS
• 2025-12-01 Listed $79,000 MREIS

Property tax history

+3.1%/yr

Latest (2018): $1,129 · +7.3% YoY. Source: county tax records.