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574 Mingo Loop Road, Rangeley, ME, 04970

3beds
2baths
1,524sqft
$489,000
$321price/sqft
$3,488/moest. monthly cost
$139,520/yrincome needed

About This Home

Charming and timeless, this early 1900s farmhouse-style Cape is ideally located on Mingo Loop in a quiet neighborhood between Rangeley and Oquossoc--offering the perfect balance of privacy, natural beauty, and convenience. Set near a peaceful wildlife preserve, this inviting 2-story home features 3 bedrooms and 2 full baths, with interiors rich in warm earth tones, natural textures, and classic farmhouse character throughout. This well maintained home has been thoughtfully updated with new windows, roof, heating systems, added insulation for energy efficiency, and a heated mudroom. Inside, you'll find a welcoming open kitchen, cozy nooks, built-in bookshelves, and beautiful wood floors. The living space is anchored by a striking center chimney with a wood stove, creating a warm and inviting atmosphere, while a charming clawfoot tub adds vintage appeal. Enjoy the seasons from the spacious screened-in porch overlooking vibrant perennial gardens and impeccably landscaped grounds. The half-acre lot is bordered by softwoods and a mix of hardwoods, offering a serene natural setting. Additional features include a wood shed and a large powered outbuilding--currently used as a woodworking shop--ideal for hobbies, storage, or creative pursuits. Outdoor recreation is right at your doorstep, with nearby public access to Hunter Cove for kayaking, fishing, and water enjoyment. After a day of adventure, you're just minutes from dining and shopping in Oquossoc, and only 14 miles from skiing at Saddleback Mountain. This lovingly cared-for property is a true Rangeley-area retreat, offering classic charm, modern updates, and access to the very best of Maine's four-season lifestyle.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

4/10

Construction

Condition

  • Year built: 1906

Materials

  • Foundation: Stone
  • Roof: Metal
  • Construction materials: Wood Frame,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod,Farmhouse
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Electric Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Partial,Sump Pump,Unfinished

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bathtub,Shower
  • Flooring: Wood
  • Finished area below ground: 0
  • Finished area above ground: 1,524

Heating & Cooling

  • Heating features: Baseboard,Hot Water,Zoned,Wood Stove
  • Cooling features: None

Interior Area

  • Total structure area: 1,524
  • Total interior livable area: 1,524 sqft

Kitchen

  • Features: Eat-in Kitchen
  • Level: First

Living Room

  • Features: Heat Stove
  • Level: First

Mud Room

  • Features: Built-in Features
  • Level: First

Primary Bedroom

  • Level: Second

Property

Details

  • Parcel number: RANGM006L063
  • Zoning: Residential

Features

  • Patio & porch: Screened
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 0.51 Acres
  • Features: Abuts Conservation,Near Golf Course,Near Town,Level,Open Lot,Landscaped

Parking

  • Parking features: Gravel,1 - 4 Spaces

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

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Lightning
Hurricane
Inland Flooding
Ice Storm
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 $2,472$29,664
Home Insurance $263$3,156
Property Taxes $509$6,108
Electricity $244$2,930
Total$3,488$41,856

Income You'd Need if You Spent...

35% on housing$119,588/yr
40% on housing$104,640/yr
45% on housing$93,013/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: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$321This listing

vs Other Active Listings

Avg $/sqft

ZIP 04970$373
Franklin County$249

vs Homes Sold Last Month

Median $/sqft

ZIP 04970
Franklin County$199

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
2025-07-29Price change$499,000
2025-06-20Listed for sale$519,000
2022-08-26Sold$375,000
2022-07-06Pending sale$375,000
2022-06-16Listed for sale$375,000

For Sale by Agent

AgentMelissa Shea
BrokerageMorton & Furbish Agency

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