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448 Elm Street, Newport, ME, 04953

5beds
3baths
2,370sqft
$349,900
$148price/sqft
$2,792/moest. monthly cost
$111,680/yrincome needed

About This Home

Step into this expansive 1871 farmhouse set on 2 acres, offering a wide range of flexible living and workspace options. The first floor includes a large kitchen with extensive cabinet storage, a mudroom with tons of enclosed storage and pantry, two full bathrooms, first-floor laundry off the kitchen, and dining room and living rooms. A first-floor bedroom and an additional office, also suitable for use as a bedroom, feature an exterior door with direct access to a covered patio that was just completed this past summer. A back deck off the kitchen extends the outdoor space and leads to the back yard. The home is equipped with four heat pumps for efficient heating and cooling throughout. Upstairs, you'll find four additional bedrooms, all with double closets, along with a sitting room and two adjoining bonus rooms suitable for storage, guest space, or other uses. The property also includes a heated and insulated workshop currently used for soap production, as well as a substantial 42×47 barn with 16-foot ceilings, a working crane lift, and capacity for equipment or large vehicles. Outside, the yard provides open space for gardening, along with established blueberry, raspberry, and blackberry bushes that provide a reliable seasonal harvest. With multiple bedrooms, bonus rooms, and functional work areas throughout, this property offers extensive space for a wide range of uses. The layout and size may also support potential income/rental opportunities, and the outbuildings accommodate various home-based hobbies or projects. The property has been consistently maintained and updated over the years. Located close to I-95 and Newport's amenities. Far enough from the busy town while still maintaining everyday convenience.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1871

Materials

  • Foundation: Granite
  • Roof: Metal
  • Construction materials: Wood Frame,Shingle Siding

Type & Style

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

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Full,Unfinished

Bedroom1

  • Level: First

Bedroom2

  • Features: Closet
  • Level: Second

Bedroom3

  • Features: Closet
  • Level: Second

Bedroom4

  • Features: Closet
  • Level: Second

Bedroom5

  • Features: Closet
  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Bonus Room

  • Level: Second

Dining Room

  • Features: Formal
  • Level: First

Features

  • 1st Floor Bedroom,Bathtub,Pantry,Shower,Walk-In Closet(s)
  • Flooring: Carpet,Vinyl,Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,370

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Other,Wood Stove
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 2,370
  • Total interior livable area: 2,370 sqft

Kitchen

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

Living Room

  • Level: First

Mud Room

  • Features: Closet
  • Level: First

Office

  • Level: First

Other

  • Features: Workshop
  • Level: Second

Other

  • Features: Four-Season,Heated,Sleeping,Storage
  • Level: Second

Other

  • Features: Closet,Four-Season,Heated,Storage
  • Level: First

Property

Details

  • Parcel number: NEPTM002L015002
  • Zoning: Res

Features

  • Patio & porch: Deck,Patio

Lot

  • Lot size: 2.16 Acres
  • Features: Near Town,Corner Lot,Harvestable Crops,Level,Open Lot,Landscaped

Parking

  • Parking features: Gravel,5 - 10 Spaces,On Site

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
  • Hurricane
    HurricaneModerate

How This Home’s Risks Compare

Winter Weather
Ice Storm
Lightning
Hurricane

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 $1,769$21,228
Home Insurance $155$1,860
Property Taxes $524$6,288
Electricity $344$4,134
Total$2,792$33,504

Income You'd Need if You Spent...

35% on housing$95,725/yr
40% on housing$83,760/yr
45% on housing$74,453/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$148This listing

vs Other Active Listings

Avg $/sqft

ZIP 04953$256
Penobscot County$142

vs Homes Sold Last Month

Median $/sqft

ZIP 04953$163
Penobscot County$181

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
2026-05-05Price change$365,000
2025-11-14Listed for sale$375,000

For Sale by Agent

BrokerageBetter Homes & Gardens Real Estate/The Masiello Group

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