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251 Cedar Grove Road, Dresden, ME, 04342

3beds
2baths
3,039sqft
$895,000
$295price/sqft
$6,333/moest. monthly cost
$253,320/yrincome needed

About This Home

What a beautiful and unique home set right on the Kennebec River, offering lovely sunset views from nearly every room in the house. Originally built in 1861 as a one-room schoolhouse, this special property has since been thoughtfully transformed into a warm and inviting residence full of character and charm. Designed with entertaining in mind, the home features a custom kitchen with cherry cabinetry and granite countertops, a large traditional dining room with a cozy gas stove, and a spacious living room with a gas fireplace. A newer family room addition just off the kitchen provides additional living space and comfort. The layout offers flexibility with a convenient first-floor bedroom, while the second-floor primary suite includes a luxurious bathroom retreat. The finished walkout basement offers a large additional room perfect for guests, hobbies, a home office, or recreation space. Additional highlights include brilliant wood and tile floors, a beautifully manicured yard with direct water access, a two-car garage with storage and whole-house generator, plus a charming shed/bunkhouse with a small bath (not included in the home's bathroom count). This truly is a one-of-a-kind riverside property with so much to offer.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

4/10
Dresden Elementary SchoolGrades PK-50.6 mi
7/10

Construction

Condition

  • Year built: 1861

Materials

  • Foundation: Stone,Poured Concrete
  • Roof: Composition,Shingle
  • Construction materials: Wood Frame,Clapboard,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Dryer,Microwave,Refrigerator,Wall Oven,Washer

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Walk-Out Access,Crawl Space,Finished,Full,Partial,Unfinished

Bedroom1

  • Features: Closet
  • Level: First

Bedroom2

  • Features: Closet
  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

  • Features: Formal
  • Level: First

Family Room

  • Level: First

Features

  • 1st Floor Bedroom,1st Floor Primary Bedroom w/Bath,Bathtub,One-Floor Living,Shower,Storage,Walk-In Closet(s),Primary Bedroom w/Bath
  • Flooring: Tile,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 471
  • Finished area above ground: 2,568

Heating & Cooling

  • Heating features: Direct Vent Heater,Forced Air,Hot Water,Radiant,Radiator
  • Cooling features: None

Interior Area

  • Total structure area: 3,039
  • Total interior livable area: 3,039 sqft

Kitchen

  • Features: Eat-in Kitchen,Kitchen Island
  • Level: First

Laundry

  • Level: Second

Living Room

  • Features: Gas Fireplace
  • Level: First

Office

  • Features: Built-in Features
  • Level: First

Other

  • Level: Basement

Primary Bedroom

  • Features: Closet,Walk-In Closet(s)
  • Level: Second

Property

Details

  • Parcel number: DRESM1L41
  • Zoning: Rural Res
  • Other equipment: Cable,Central Vacuum,Generator,Internet Access Available

Features

  • Patio & porch: Patio
  • Has view: Yes
  • View description: Mountain(s),Scenic,Trees/Woods
  • On waterfront: Yes
  • Waterbody name: Kennebec
  • Frontage length: Waterfrontage: 350,Waterfrontage Owned: 350

Lot

  • Lot size: 2.70 Acres
  • Features: Rural,Open Lot,Rolling Slope,Landscaped

Parking

  • Total spaces: 2
  • Parking features: Paved,5 - 10 Spaces,On Site,Garage Door Opener,Detached,Storage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Ice Storm
    Ice StormVery High
  • Winter Weather
    Winter WeatherVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Winter Weather
Coastal Flooding
Hurricane
Lightning
Cold Wave
Inland Flooding
Strong Wind
Tsunami

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 $4,525$54,300
Home Insurance $292$3,504
Property Taxes $1,075$12,900
Electricity $441$5,301
Total$6,333$75,996

Income You'd Need if You Spent...

35% on housing$217,131/yr
40% on housing$189,990/yr
45% on housing$168,880/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: 11.5%
11.5%
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

$295This listing

vs Other Active Listings

Avg $/sqft

ZIP 04342$381
Lincoln County$346

vs Homes Sold Last Month

Median $/sqft

ZIP 04342
Lincoln County$230

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
2026-07-29Listed for sale$895,000
2026-07-09Contingent$875,000
2026-05-16Listed for sale$875,000
2017-06-16Sold$370,000

For Sale by Agent

AgentBrian Rizzo
BrokerageRizzo Mattson

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