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905 Main Street, Vassalboro, ME, 04989

--beds
1baths
7,500sqft
$700,000
$93price/sqft
$5,489/moest. monthly cost
$219,560/yrincome needed

About This Home

Opportunities abound in this unique property located in the heart of Vassalboro. Originally built as a school in 1873, and presently used as a medical office building, this property has been used for numerous purposes. 18 rooms, 3 bathrooms, reception area and waiting room on the first floor. The second floor shows vestiges of years gone by with an auditorium and full stage. Large parking lot and a park across the street accessing the outlet stream. Just minutes to Augusta, Waterville, Winslow and I-95. Possible conversion to apartment building with town approval. See also MLS 1627163.

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

4/10

Construction

Condition

  • Year built: 1873

Materials

  • Foundation: Poured Concrete,Brick/Mortar
  • Roof: Shingle
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Doghouse,Dirt Floor,Unfinished

Bedrooms & Bathrooms

  • Bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Flooring: Carpet
  • Finished area below ground: 0
  • Finished area above ground: 7,500

Heating & Cooling

  • Heating features: Baseboard,Heat Pump,Hot Water
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 7,500
  • Total interior livable area: 7,500 sqft

Property

Details

  • Parcel number: VASS000023000000000045
  • Zoning: Rural

Features

  • Waterbody name: Outlet Stream

Lot

  • Lot size: 1 Acres
  • Features: City Lot,Near Golf Course,Near Public Beach,Near Town,Level,Open Lot

Parking

  • Parking features: Paved,11 - 20 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
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Ice Storm
Lightning
Drought
Hurricane
Inland Flooding
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 $3,539$42,468
Home Insurance $254$3,048
Property Taxes $606$7,272
Electricity $1,090$13,082
Total$5,489$65,868

Income You'd Need if You Spent...

35% on housing$188,194/yr
40% on housing$164,670/yr
45% on housing$146,373/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: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$93This listing

vs Other Active Listings

Avg $/sqft

ZIP 04989$146
Kennebec County$200

vs Homes Sold Last Month

Median $/sqft

ZIP 04989$249
Kennebec County$192

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
2025-12-11Price change$700,000
2025-06-18Listed for sale$750,000
2025-06-13Listing removed$799,000
2025-04-03Price change$799,000
2024-12-13Listed for sale$900,000
2024-10-28Listing removed$900,000
2024-07-03Listed for sale$999,999

For Sale by Agent

BrokerageMcAllister Real Estate

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