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    Off Hathaway Rd Island Falls, ME 04747

    • Land
    • 3.40 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Off Hathaway Rd

    Lot size
    3.40 lot acres
    Property type
    Land

    Description

    This exceptional 3.4-acre property offers a unique blend of recreational and residential potential. Situated on the desirable Mattawamkeag Lake in Island Falls, Maine, this southwest-facing lot boasts an impressive 240 feet of waterfront access. The surveyed acreage provides ample space for building your dream home or cabin, enjoying the tranquility of lake life, and engaging in a variety of outdoor activities. Conveniently located off Hathaway Road in Aroostook County (zip code 04747), the property features existing power at the lot line and a newly constructed driveway leading to a near-ready building site. Mattawamkeag Lake itself is a substantial 3300 acres, offering abundant opportunities for fishing and boating. The surrounding area is rich with recreational options, including ATV trails, snowmobiling routes, hunting grounds, and golf courses. Several local restaurants cater to the needs of residents and visitors alike. This is an unparalleled opportunity to own a piece of Maine's stunning natural beauty, combining the serenity of lakefront living with easy access to a vibrant community and diverse recreational pursuits. The property is priced at $98,000 and presents a compelling investment for those seeking a tranquil retreat or a lucrative recreational property.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Island Falls
    County
    Aroostook
    State
    Maine
    Longitude
    -68.1929
    Latitude
    46.0057

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    Off Hathaway Rd
    Island Falls, ME 04747
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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