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3 Mikes Lane #3, Smithfield, ME, 04978

2beds
1baths
774sqft
$249,900
$323price/sqft
$1,858/moest. monthly cost
$74,320/yrincome needed

About This Home

Come discover this charming, year-round condo on North Pond in the heart of the beautiful Belgrade Lakes region. Completely renovated inside, this turnkey home features a beautifully updated interior with a new kitchen, remodeled bathroom, fresh paint, and extensive improvements throughout, creating a bright and inviting lakeside retreat. Enjoy shared access to a beautiful sandy beach on North Pond, and a dock space on the stream leading into North Pond. Whether you're looking for a year-round residence or a low-maintenance getaway, this property offers the perfect blend of comfort and convenience. Ideally located just minutes from Belgrade, Oakland, and Waterville, you'll have easy access to shopping, dining, golf, and all the outdoor recreation the Belgrade Lakes region has to offer. If you've been looking for an affordable way to enjoy waterfront living in one of Maine's most desirable lake communities, this is an opportunity you won't want to miss.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

4/10
5/10
5/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Poured Concrete
  • Roof: Pitched,Shingle
  • Construction materials: Wood Frame,Wood Siding

Type & Style

  • Home type: Condo
  • Architectural style: Ranch
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Gas Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Walk-Out Access,Full,Unfinished

Bedroom1

  • Level: First

Bedroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • 1st Floor Bedroom,One-Floor Living,Shower,Storage
  • Flooring: Laminate,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 774

Heating & Cooling

  • Heating features: Blowers,Direct Vent Furnace,Forced Air,Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 774
  • Total interior livable area: 774 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Zoning: shoreland
  • Other equipment: Internet Access Available

Features

  • Patio & porch: Screened
  • Has view: Yes
  • View description: Scenic
  • On waterfront: Yes
  • Waterbody name: North Pond
  • Frontage length: Waterfrontage: 785,Waterfrontage Shared: 785

Lot

  • Lot size: 1.41 Acres
  • Features: Neighborhood,Rural,Level,Open Lot,Rolling Slope,Landscaped

Parking

  • Parking features: Common,Gravel,1 - 4 Spaces,On Site,Off Street

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 WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
Lightning
Winter Weather
Drought
Hurricane

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 $1,263$15,156
Home Insurance $145$1,740
Property Taxes $206$2,472
Electricity $244$2,930
Total$1,858$22,296

Income You'd Need if You Spent...

35% on housing$63,702/yr
40% on housing$55,740/yr
45% on housing$49,546/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

$323This listing

vs Other Active Listings

Avg $/sqft

ZIP 04978$238
Somerset County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 04978
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
2026-06-26Price change$249,900
2025-08-27Pending sale$209,000
2025-08-20Sold$192,500
2025-07-17Contingent$209,000
2025-07-10Price change$209,000
2025-06-20Listed for sale$225,000
2020-08-14Sold$80,000
2020-06-07Price change$96,900
2020-05-26Listed for sale$100,000

For Sale by Agent

AgentJoel Alexander
BrokerageNextHome Northern Lights Realty

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