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87 North Road, Matinicus, ME, 04851

6beds
1baths
1,940sqft
$490,000
$253price/sqft
$3,411/moest. monthly cost
$136,440/yrincome needed

About This Home

Price to sell! A fabulous Island style New England Farm House with 60 acres and 1400 feet of shoreline at the northern tip of Matinicus Island. This island home has many original features a cast iron farm sink, an Atlantic Queen Cook stove wood floors of fir and oak, many built ins, original doors and trim through out, an attached barn with loads charm. There is a great deal of history and warmth here. Bring your ideas and make it your own. Perhaps a Bed & Breakfast or a retreat for your family and friends? Make some updates or enjoy the origin character. This is Maine charm at it best. The house is a short distance from the airstrip use by Penobscot Island Air making access to your island home is quick and easy. The property is partly in a land trust and abuts another land trust area. Hike the wooded trail and enjoy the stone beaches, birdwatching picnicking or watching breath taking sunsets. This is a rare find in todays market.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

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Construction

Condition

  • Year built: 1860

Materials

  • Roof: Shingle
  • Construction materials: Wood Frame,Clapboard

Type & Style

  • Home type: SingleFamily
  • Architectural style: Farmhouse,New Englander
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Doghouse,Interior Entry,Dirt Floor,Full,Unfinished

Bedroom1

  • Level: First

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedroom5

  • Level: Second

Bedroom6

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: First

Features

  • Flooring: Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,940

Heating & Cooling

  • Heating features: Direct Vent Heater,Wood Stove
  • Cooling features: None

Interior Area

  • Total structure area: 1,940
  • Total interior livable area: 1,940 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Mud Room

  • Level: First

Property

Details

  • Zoning: lurc

Features

  • On waterfront: Yes
  • Waterbody name: Atlantic/ Penobscot Bay
  • Frontage length: Waterfrontage: 1400,Waterfrontage Owned: 1400

Lot

  • Lot size: 60 Acres
  • Features: Level,Open Lot,Wooded

Parking

  • Parking features: No Driveway,None

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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hurricane
    HurricaneModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Ice Storm
Winter Weather
Hurricane
Landslide
Lightning
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 $2,477$29,724
Home Insurance $212$2,544
Property Taxes $441$5,292
Electricity $281$3,383
Total$3,411$40,932

Income You'd Need if You Spent...

35% on housing$116,948/yr
40% on housing$102,330/yr
45% on housing$90,960/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: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$253This listing

vs Other Active Listings

Avg $/sqft

ZIP 04851$340
Knox County$327

vs Homes Sold Last Month

Median $/sqft

ZIP 04851
Knox County$264

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)

No zestimate history available

Price History

DateEventPrice
2026-03-24Listed for sale$490,000
2026-01-01Listing removed$490,000
2025-06-10Listed for sale$490,000
2024-08-08Listing removed$638,000
2024-06-02Listed for sale$638,000

For Sale by Agent

AgentEllen Bunker
BrokerageRE/MAX JARET & COHN

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