1088 Fairbanks Road, Farmington, ME, 04938
About This Home
Placed on a .52± acre lot, this home offers an excellent opportunity to own an affordable home or getaway in the heart of Western Maine. Equipped with a dug well and septic system, the property is move-in ready. Conveniently located on Route 4 this property provides close proximity to downtown Farmington, while simultaneously offering easy access to some of Maine's best outdoor recreation, just a short drive away. Spend your days exploring nearby hiking trails, skiing Sugarloaf or Saddleback, fishing or paddling the Sandy River, and enjoying the countless four-season adventures the region has to offer. Whether you're looking for a new year-round home, a basecamp for outdoor adventures, or an investment opportunity, this property offers location, convenience, and potential at an affordable price.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Pillar/Post/Pier
- Roof: Metal
- Construction materials: Wood Frame,Shingle Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Range,Refrigerator,Washer
Basement
- Basement: None
Bedroom1
- Level: First
Bedroom2
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 600
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 600
- Total interior livable area: 600 sqft
Kitchen
- Level: First
Living Room
- Level: First
Property
Details
- Parcel number: FARNMR15L016
- Zoning: per Town
Lot
- Lot size: 0.52 Acres
- Features: Near Town,Open Lot
Parking
- Parking features: Gravel,1 - 4 Spaces,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
- Ice Storm
- Lightning
- Winter Weather
- Cold Wave
- Strong Wind
- Hurricane
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $581 | $6,972 |
| Home Insurance | $52 | $624 |
| Property Taxes | $212 | $2,544 |
| Electricity | $244 | $2,930 |
| Total | $1,089 | $13,068 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $115,000 |
For Sale by Agent
View on Zillow