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42 Loon Road, Canaan, ME, 04924

1beds
1baths
947sqft
$314,900
$333price/sqft
$2,274/moest. monthly cost
$90,960/yrincome needed

About This Home

Life just feels different at the lake. Imagine starting your mornings with a cup of coffee on the deck as the sun rises over beautiful Sibley Pond, spending the day swimming, boating, kayaking, fishing, or simply floating under the warm Maine sun, and ending the evening gathered around the lakeside fire pit beneath a sky full of stars while the loons call across the water. This charming waterfront retreat is all about creating memories. With beautiful frontage, your own dock, and one of Central Maine's most sought-after lakes, every day feels like a vacation. Inside, the camp offers a warm and inviting open layout featuring a spacious kitchen, dining area, and sun-filled living room overlooking the lake, where large windows bring the outdoors in and fill the home with natural light. The large second-floor bedroom offers generous space and plenty of room for additional beds, making it ideal for hosting family and friends. A full bathroom provides modern convenience, while the original outhouse remains on the property as a nostalgic reminder of classic camp life. Outside, you'll enjoy a lakeside deck with beautiful water views, a dedicated fire pit area, and additional covered storage for ATVs, kayaks, and outdoor gear. Whether you're looking for a peaceful weekend getaway or a place where generations can gather every summer, this is more than a camp--it's the kind of place where lifelong traditions begin.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

8/10
Canaan Elementary SchoolGrades PK-53.5 mi
5/10
5/10
Skowhegan Area High SchoolGrades 9-1210.6 mi

Construction

Condition

  • Year built: 1952

Materials

  • Roof: Shingle
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Camp
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Gas Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Dirt Floor,Crawl Space

Bedroom1

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • Shower
  • Flooring: Laminate,Wood
  • Finished area below ground: 0
  • Finished area above ground: 947

Heating & Cooling

  • Heating features: Direct Vent Furnace,Heat Pump,Other
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 947
  • Total interior livable area: 947 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Mud Room

  • Level: First

Property

Details

  • Parcel number: CNNAM10AL020
  • Zoning: residential
  • Other equipment: Generator,Internet Access Available

Features

  • Patio & porch: Deck,Porch
  • Has view: Yes
  • View description: Scenic
  • On waterfront: Yes
  • Waterbody name: Sibley Pond
  • Frontage length: Waterfrontage: 50,Waterfrontage Owned: 50

Lot

  • Lot size: 5,662 sqft
  • Features: Rural,Right of Way

Parking

  • Parking features: Gravel,On Site

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Ice Storm
Lightning
Drought
Hurricane
Strong Wind

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,592$19,104
Home Insurance $176$2,112
Property Taxes $262$3,144
Electricity $244$2,930
Total$2,274$27,288

Income You'd Need if You Spent...

35% on housing$77,965/yr
40% on housing$68,220/yr
45% on housing$60,640/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.9%
10.9%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -3.0%
-3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$333This listing

vs Other Active Listings

Avg $/sqft

ZIP 04924$121
Somerset County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 04924
Somerset County$148

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-13Price change$299,900
2026-07-29Listed for sale$314,900
2025-07-29Sold$255,000
2025-06-26Pending sale$255,000
2025-06-24Listed for sale$255,000

For Sale by Agent

AgentCorey Dunn
BrokerageEXP Realty

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