For Sale

Lakes Near Lincoln Maine

The Lakes of Lincoln, Maine

 

Caribou Pond

Caribou Pond

 

When searching for Maine lakefront land for sale you should investigate the possibilities in Lincoln, Maine. The town is known around the world as a producer of the world's finest quality napkin stock. What you may not know is the town is home to more than a dozen lakes and ponds. Lincoln's lakes are very diverse with some located in the downtown and busy areas of towns and others with little development remotely located in its timber landscape. Some of the ponds are great places to paddle a canoe or kayak while others are perfect for power boating, skiing swimming. The fishing ranges from trout and salmon to large and smallmouth bass. The lakes here are often connected in chains or by small to large streams. A trip to Main Street in Lincoln will offer a view of Mattanawcook Lake from the town maintained public gazebo. The lake has a quality boat ramp and is a popular place to boat in the larger basin of the lake. The upper,more shallow section of Mattanawcook is terrific loon habitat with several pair of loons nesting here every year. Lakes that feed into Mattanawcook are Crooked, Folsom and Upper Ponds. These three ponds are much more remote and have little development around the shores. East of town you will find the three lake chain of Caribou, Long and Egg Ponds. These are set at the base of Rollins Mountain and are heralded as top quality bass water. Boating is good with access from one lake to the next. A boat launch is located on Long Pond just off Sweet Road. North of downtown you will find a couple of small but quality ponds like Comballassee and Snag/Stump Pond. Both of these ponds are excellent fishing and paddling places which offer the small boat enthusiast a quiet place to be.

 

Mattanawcook Lake

Mattanawcook Lake

 

The trout and salmon ponds of Lincoln are located to the southeast with Cold Stream Pond (CSP) being the premiere lake with over about 3,000 acres of surface. CSP has depths in excess of 100 feet with crystal clear water perfect for all watersports. The large lake is fed by the three trout ponds. The remote and undeveloped Little Round Pond and the two Upper Cold Stream Ponds (known locally as the Big and Little Narrows). These two smaller lakes are well developed with cabins, camps and year round homes. If you are just starting your search for waterfront property for sale in Maine, come see what the Lincoln Lakes have to offer. You will find that land prices are affordable by lakefront property standards and the town has much to offer once you are off the water.

 

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Maine land suffers early season storm damage

Maine balsam fir storm damage

Snow storms in early November 2014  have caused timber losses on land in Maine.  Whether you are considering selling acreage in Maine or are interested in land for sale in Maine, you or your forester should walk the land to inspect the property for storm damage.

Timberland in Maine is a relatively safe passive investment.  If your land does have tree damage from winter storms, working with your forester, you may be able to schedule a salvage harvest to recoup some of the losses.

Not all damage is a bad thing, as some of the damaged trees are weaker diseased trees that once down will allow your dominant trees to grow faster.

A recent trip to our land in Surry Maine allowed us to inspect our forest to see the extent of the downed trees.  Our white pines and maple trees were basically in good condition with some limbs broken off but no serious damage.  The biggest damage was to 3-6 inch dbh fur and white birch.  See the photos in this post of our fir trees.  Land in Hancock County and land in Waldo county seemed to have the largest amount of downed trees.  Some trees snapped at the top, others in the middle and some near the butt.

Top 5 Things to Consider When Buying Maine Land For Sale

You have been searching on the internet on numerous websites and perused dozens of catalogs, newspaper and trade journals with land for sale in Maine. You have your plans for building your new home, getaway cabin or developing your Maine recreational site. You narrowed the search of parcels, made a trip to your favorite part of the pine tree state and found your perfect spot. Now what?

Assuming you have done your homework, understand the local property values, have arranged appropriate financing or better yet, saved the necessary cash, it is time to write an offer. Most good real estate contracts or purchase and sale agreements have a due diligence clause that you can fill in items of concern.

The following is a list of our top 5 due diligence items. There could be other issues depending on your intended use such as building permits, soil testing, environmental assessments and more.

1. Survey - This is an item that is often overlooked but is one of the most important issues when purchasing Maine land. Questions answered will be where the boundaries are located, what is the true acreage, are there any encroachments and easements to name a few.

2. Title - I thorough title exam is just as important as the survey. Does the owner of the Maine land have merchantable or at least insurable title? Have a good Maine real estate title attorney do the research and provide you with an opinion and title insurance policy.

3. Access - Does the property front on a maintained state, county or town road? If yes access may not be an issue, or is it? Check the status of the road. Is it still maintained by the municipality? If it has been abandoned by the town there could be issues. If a private right of way, how well is it described? Be sure to add this item to the title search to be sure the access can be insured.

4. Entrance Permits - If the property fronts on a State of Maine maintained road or a road that receives state assistance, a driveway entrance permit is required. This permit requires ample line of site distance for entry onto the road. The distance is dependent on the speed limit. Be sure to add this to your list of due diligence when investing in Maine land. Maine's Department of Transportation handles this and there is no charge for the permit.

5. Taxes - Check with the Maine town that the land for sale is located in (or the State Bureau of Taxation if located in Maine Unorganized Territory) to see if the taxes are paid and if the property is enrolled in the tree growth tax program. If you hired a title attorney they will usually take care of this. Knowing the status of the taxes will help you better understand all potential future expenses such as change of use penalties and forest management plans.

If you have not yet found that special property in Maine, check out the many fine properties on this web site.

Snowshoeing - A Recreation Activity for Maine Land

Have you purchased Maine land for recreation use? Are you looking for things to do in the winter? Why not give snowshoeing a try. This fast growing sport has outpaced skiing and snowmobiling. The relatively low cost of entry and health benefits may be the two biggest reasons for its growth.

Snowshoe hiking in the winter is great exercise burning up to 600 calories per hour not to mention that it provides a completely different look at your land. Views unobstructed by foliage are impressive in the winter. For those willing to brave the colder weather they will be rewarded with more solitude.

The trails you make on your land for summer hiking and fall hunting will make great trails for snowshoe hiking in the winter. What snowshoes should you have for your land will depend on the terrain and snow conditions. Deep powder snow will require a longer wider snowshoe to provide more flotation. Steeper and firmer snow conditions will favor a shorter shoe with more aggressive toe crampons for traction.

 

Hiking with land agent Doug Reed in Mount Chase Maine

Hiking with land agent Doug Reed in Mount Chase Maine

 

Affordable winter recreation is the appeal of snowshoeing. Cost of new snowshoes will vary from $100 to $300 or a little more depending on the brand and features. The most important decision in purchasing a shoe is the length. The length of snowshoe needed will depend on the intended use and the weight of the user. If you are new to the sport check out the LL Bean outlet store in Freeport Maine. The ski and bike shop has a big selection of snowshoes of all shapes and sizes and a staff who can help you pick the correct shoe for you.

Before heading off in the woods for a winter hike get prepared. Layers of clothing that can be shed or added as necessary will make your outing much more enjoyable. Snowshoeing can build body heat in a hurry, so be prepared with a pack to stow the layers you take off as you heat up and added for changing weather. This is a sport that rarely causes injury but consider bringing a friend or two in case of an accident. Mishaps in the winter tend to be more of an issue then summer accidents.

 

Phil McPhail showing Maine Land on Snowshoes

Phil McPhail showing Maine Land on Snowshoes

 

Have you explored all of your Maine land and are looking for other places to go. Check out any of Maine's public land units, state parks and other trail areas. The possibilities are near endless

The Pros and Cons of Buying Land with Owner Financing

The most common question we get from people interested in buying Maine land is; "Will the owner finance the purchase"? In some cases the answer is yes, but often the best land we have to offer for sale does not have owner terms of either a mortgage or contract for deed.

Pros

From a buying point of view what are the advantages of financing your land purchase with the owner? .

Less Down Payment

One of the advantages of owner financing is sometimes the down payment requirement is less than required by a conventional bank or lender. If the owner does not have a mortgage on the property they will sometimes finance with less than 20% down payment. This is considerably less than a bank would require.

Easier Qualification

If you have had a few credit blemishes in the past an owner is more likely to extend credit than conventional lenders. Many owners will ask for a credit report and a low score could cause the owner to decide not to finance the property or ask for more money down and/or a higher interest rate. The owner is also less likely to want to see all of your financial history which for many is enough of a reason to stick with the owner. Some banks and other lenders require a lot of documentation to consider a loan.

Cheaper Closing Expenses

Owner financing usually comes with lower closing cost requirements. Owners will rarely ask for appraisals, points, flood certifications, title work among other things. For buyers looking for short term financing the cost savings of low closing cost may be the reason they want the owner to hold paper.

Time

Without any question the purchase of land with the owner financing the transaction is much quicker than the same loan with a bank. Most owner financed land deals will close within 2 weeks of the offer being accepted. The owner may have a licensed loan originator package the deal but no underwriters or other reviewers will need to approve the deal.

Cons

For the buyer who insists at only owner financed purchases the downside could be considerable. You may think that owner financing is the best way to purchase but here are a few things you should consider before ruling out other means of borrowing.

Interest

Most owners ask for and get interest rates from 1 - 4 % higher than some of our conventional banks charge. Over the life of the loan this increase in rate could add up to thousands of dollars in additional land cost.

Less Choices

Many owners have mortgages on the land that they are selling. With a few exceptions most of the owners lenders will require them to pay off the note with the bank if they sell the property. This could cause the seller to ask for a larger down payment or refuse to consider owner financing altogether. If this is the perfect property for you, other forms of financing should be considered in order for you as a buyer to have all land available for you to purchase.

Higher Price

If you are asking the owner to finance the transaction they are less likely to take less than they are asking for the property. Having financing secured ahead of time with an alternative lender will put you in a position to offer the seller an all cash deal. Many, if not most owners will negotiate a better price for an all cash deal.

When looking to buy land in Maine keep all of your options open for purchasing the right property. If you have sufficient down payment, good credit and patience; owner financing is not the best choice. Many more properties at better prices will be available to you with an all cash offer. Call us today for a list of land friendly banks and other lending options.

Comments

  1. OK Cash Home Buyers on

    This is very informative and is probably one of the best presentations of the pros and cons. Thank you for sharing
    • Owner Finance OKC on

      Awesome presentation, thanks for such a comprehensive article
      • Sooner House Buyers on

        Very well presented article, good job writing such a comprehensive article, totally share-worthy

        Maine Lakefront Land With Owner Financing

         

        Ski Trail Road Folsom Pond

        The Narrows with views into Crooked Pond

         

        Lincoln, Maine - It has been a winter to remember, but spring is coming and many anxious buyers have been searching for lakefront and other waterfront land and lots this winter. While looking around the state for lake and pond properties with fair prices and easy owner financing terms, we found the following properties the best buys in Maine.

         

        Driveways are installed

        Driveways are installed

         

        The Narrows on Folsom Pond has seven available waterfront parcels ranging in size from 1.8 acres to over 5 acres. Prices starting at $29,900 The survey map linked here shows the configuration of the lots, those that are still available and the prices. MAP OF THE NARROWS

        Folsom Pond is a semi-remote pond hidden in the woods in Lincoln. The pond is connected to Crooked Pond by a navigable "Narrows" the division of land gets its name from. These two ponds are not lined with sandy beaches, this is not the perfect place to swim. There are other lakes and ponds in Lincoln that are ideal for swimming with a couple of sand beaches nearby. Folsom and Crooked are the perfect ponds for kayaking, canoeing or small power boating in a peaceful environment usually free of large boats and jet skis. The rocky and water lily covered shorelines are the perfect habitat for waterfowl, smallmouth and largemouth bass. Wild blueberries line the shorelines. There are some cabins on the pond but most are not visible when on the pond.

         

        Shoreline with view of Folsom Pond

        Shoreline with view of Folsom Pond

         

        The owner of these properties is offering owner financing terms that make buying the land very easy. If you thought you could never afford a waterfront property, you should look into these properties. See these properties and more at LandBrothers.com

         

        Maine Waterfront Real Estate Market in Full Recovery

        In 2006 and 2007 Maine experienced the hottest waterfront market in history.  Ocean, lake, pond and river properties for sale were benefiting from the boom of real estate values in Massachusetts, New Hampshire, Connecticut and the rest of New England.  Out of state buyers were flocking to Maine with cash from home equity loans on their primary residences.

        In 2011 the waterfront market bottomed out based on the number of sold transactions.  Since 2011 we have seen a slow but steady increase in the number of single family waterfront transactions per year.  For example, in 2014 Penobscot County had seen an 80% increase in the number of sold transactions compared to 2011.

        Maine Bold Coast

        What are some of the causes for the increase in the number of Maine waterfront properties sold?

        1. Record high levels of available inventory. Buyers have had a great selection of properties to choose from.
        2. Prices are at the most affordable levels since the great recession started. Some locations are seeing properties selling for 25% less than the peak values of 2006-2007.
        3. Record low interest rates. Current 30 year fixed rates are under 4%.
        4. Record Stock Market Levels. Buyers are taking stock market gains and investing in Maine waterfront property.
        5. Pent up demand. Buyers are starting to see the changing tide in the Maine waterfront market and are getting off the fence to take advantage of these conditions.

        Why buy now?

        Buyer activity for the winter months of 2015 has been the strongest we've seen at United Country McPhail Realty since 2007.

        New listings coming on the market for the first two months of 2015 are down 11% compared to 2014 and down 7% compared to 2013.

        If you are a buyer that has been sitting on the fence watching Maine waterfront for sale, timing is everything.  The balance of supply and demand is moving away from oversupply to a more balanced market.  These conditions will help to provide an upward pressure on values, especially on those waterfront properties that are priced aggressively and have the popular features buyers are looking for.

        Maine Lakes and Ponds

        If you are an owner looking to sell your waterfront property, it is more critical than ever to hire the right Realtor.  What makes for the best waterfront realtor?  The following are some of the criteria to consider:

        1. A real estate company with a strong online marketing program that focuses on lifestyle property types. A generic, cookie cutter, one size fits all marketing program will not work well.
        2. A company with a strong print advertising campaign designed to reach buyers of lifestyle properties. Another part of a strong foundation. Affluent buyers still like to read print.
        3. A brokerage that understands SEO and can help your property stand out from the crowd. It takes more than just a standard web site to be found first among the many.
        4. A real estate company with a large database of buyers that can be marketed to from day one.
        5. A real estate company that is part of an international network of lifestyle brokers.
        6. A real estate company with years of experience that understands the best marketing, pricing and negotiating strategies to best serve their client's needs.
        7. A real estate company that is continually staying on the cutting edge of new marketing ideas and technology.

        For a free, no obligation consultation, give the United Country McPhail Realty team a call at 207-794-4338 to see the power of a custom lifestyle marketing program for your Maine waterfront property.

        ATV Trails and Land Use in Maine

        People purchase property in Maine for many reasons but at some level the recreational opportunities are always a factor.  It doesn't matter what time of year, if you enjoy the outdoors there are always activities available regardless of your age. Winter in Maine offers snowshoeing, ice fishing, cross country skiing, downhill skiing and snowmobiling.  The clear blue skies and fresh white snow draping the landscape is a sight to see. Spring in Maine, a welcome season after a long winter brings some of the best brook trout fishing in the Northeast.  Ice out on our lakes brings anglers a cure from the cabin fever and trolling for salmon can be very productive. With the spring thaw comes our mud season and once things dry out the ATV trails open up (usually mid May) over 6,000 miles of club trails across Maine.  As an outdoor enthusiast, I am very thankful for the private landowners that allow multiuse trail systems to be used across their lands. Between snowmobiles and ATV's, businesses across Maine realize a big economic boom from these types of recreational activities.  An economic study completed by the University of Maine in 2005 showed a net spending of $156 million for the 2003-2004 season. If you enjoy ATV riding, we have some of the most affordable properties in Maine for sale with easy access to the trails and you can see them at LandBrothers.com Some things you should know and prepare for to make your atv trip in Maine safe and enjoyable are as follows:

        1. Make sure your ATV is registered and properly marked front and back with the registration number.
        2. Children must be at least 10 years old, have passed a state ATV safety program, wear an approved helmet if under 18 years old and riders between 10-16 years of age must be under the direct visual and audio supervision of an adult (21 or older). Approved helmets must have a "DOT", "SNELL" or "ANSI" sticker.
        3. When riding, stay on market trails and for unmarked trails you need landowner permission.
        4. Plan your trip of where you will be riding in advance. Make sure you have trail maps and more importantly call the local club trail master to check on trail conditions and technical difficulty of each trail. Trail maps do not indicate the difficulty or skill level needed to traverse any given trail number so it is critical to your safety to contact the trail master and ask what trails will get you to where you want to go safely.
        5. Use the buddy system and never ride alone. Make sure you leave a map of your route and travel plans with someone outside your party in case of an emergency.
        6. Check the weather for the area you will be riding and bring the right clothing. Always bring a first aid kit, survival kit, and tool kit. The biggest killer of people recreating outdoors is hypothermia from spring to late fall. The nights in Maine do get cold so be prepared, especially if you are taking a long ATV trip on remote trails that are miles from services.
        7. The day of your trip make sure you have filled the gas tank and perform a pre-ride inspection of your ATV. The web site www.offroad-ed.com has some great videos on safety, pre-ride inspection and safe riding techniques.
        8. On multi-use trails be sure to respect the right of other non ATV riders to use the trail system. If you meet someone on horseback, please pull off to the side and shut your machine off. Wait until they have passed a clear distance or if they waive you on.
        9. Remember, using these trails is a privilege and not a right. You are enjoying these trails by the good graces of the land owner. If you see some trash on the land and can pick it up, please do. If it is a large amount of trash, call the Maine Warden Service, Landowner Relations Program and report the area.

        Be safe and enjoy the great state of Maine!

        Cold Stream Pond - Central Maine's Premiere Cold Water Lake

         

        Cold Stream Pond View

        Cold Stream Pond View from Webb Cove

         

        Overview - Cold Stream Pond is one of the finest lakes in central Maine. It is very scenic with views of Mount Katahdin to the north and the "Bluff", a large elevated peninsula that separates the southern and northern basins of the lake. This large lake which is partly located in the towns of Enfield, Lincoln and Lowell, is probably best known for its incredible water quality and clarity. The water quality is so good that the state of Maine established a fish hatchery in Enfield using the lakes water via a pipeline.

        The lake is supplied water by springs and also fed by the outlet of the two Upper Cold Stream Ponds located in Lincoln. This outlet is Smelt Brook and enters Cold Stream Pond in the northern basin. A few other cold brooks enter the lake including Miles Brook and the outlet of nearby Trout Pond in Lowell.

        Size, Depths and Boating - The surface area of the lake is more than 3,600 acres. The upper basin is approximately 704 acres and max depth of 56 feet. The state lake survey says that the upper basin has good water quality but can suffer from lower dissolved oxygen levels in the later part of summer. This is a quiet place to explore large rocky coves with a kayak and is usually the first area of safe for ice fishing in the winter. The lower basin contains about 2,924 acres with water depths up to 104 feet. This is a deep round basin perfect for boating, water skiing and sailing.

         

        Map-of-Cold-Stream-Pond

        Depth Map of Cold Stream Pond

         

         

        Fishing - Lake Trout are native to CSP and naturally reproduce in the spawning beds within Webb Cove and other locations. No stocking is necessary to maintain this fishery. The lake is known to occasionally produce a trophy lake trout in excess of 20 pounds. Landlocked salmon and brook trout are maintained by a stocking program. One fish not mentioned on the online survey of the lake by Maine DIFW is the cusk. If you have never eaten this fish you are missing a real treat. The odd looking fish in the Cod family is somewhat difficult to clean unless you know how. Google search some videos on how it is done. I recommend the technique of skinning then filleting. Fishing regulations for Cold Stream Pond include no taking of smelts in the lake or tributaries, no size or bag limit on bass and daily bag limit on salmon is one fish. For all regulations click on this link to Maine 2015 open water and ice fishing regulations. CLICK HERE FOR MAINE FISHING REGULATIONS

         

        Maine Lake Trout

        Ice fishing for Maine Lake Trout or "Togue"

         

         

        Boat Landing and Beach Location - Cold Stream Pond has one improved boat landing located at the south west corner of the lake at its outlet. There is a concrete ramp and parking area located at the end of Old Hatchery Road near the center of Enfield. The ramp is located in the outlet and is sheltered from wind and weather. Large boats can be launched at this landing but use caution when exiting the channel of the stream as there are a few large rocks.

        There is a public beach located on the western shore known as Morgans Beach. It is a beautiful sand beach and an excellent place for swimming and a family picnic. Traveling north on the Lincoln Road from Enfield village look for the signs for the beach on the right.

        Real Estate Types & Values - Property types around Cold Stream Pond include small seasonal cottages and cabins which are mostly on the west shore of the lake. This was the area first developed nearly 100 years ago. Some of these properties have since been converted to year round homes. Finding land for building is rare on this side of the lake. Cottages will range in value from $125,000 to $250,000 depending on lot size, building and lake front quality among other variables. Year round converted properties will sell from $200,000 - $300,000 on average.

        The eastern side of the pond was not developed until the late 1980's. Lots on this side of the lake are much larger because of changes in zoning regulations and required setbacks that went from 75 to 100 feet in residential zones and 250 foot lake setbacks in the resource protected areas of Enfield and Lowell. Most of the properties found on this side of the lake are much newer and larger than the west side. Most are year round residences. Property values on this side of the lake currently range from $250,000 to over $400,000.

        Getting Here - From I-95 you take exit 217 and head east on Route 155 about 6 miles to the boat landing on Old Hatchery Road. The landing is located 39 miles from Bangor, Maine and 272 miles from Boston, Ma.

        If you are looking for a perfect central Maine waterfront property see our listings linked CLICK HERE FOR MAINE WATERFRONT PROPERTIES.

        Buy A Maine Island And Relax

        Have you dreamed of having the privacy that a northern lake could offer?  Consider the opportunity to purchase an entire Maine island for sale. Pitch a tent, build a yurt or construct a cabin. This is a rare opportunity on a great body of water.

        Where: Marion Township

        • County - Washington
        • Lat/Long 44.796145, -67.375532

         

        DSC_2915

        Canoe Landing on 3.8 acre island

         

        Lake Description: Gardner Lake  

        • Size - 3886 acres plus connected to 1,650 acre Second Lake
        • Max Depth - 56 Feet
        • Fish - Salmon, Smallmouth Bass, White Perch, Chain Pickerel, Smelt
        • Boat Launch - Paved ramp with a well marked and designed facility, plenty of parking

         

        Island 2

        Rugged Shores of Gardner Lake

         

        The Island - Unnamed Island

        • Size - 3.8 +/- Acres
        • Building Site - Elevated site with panoramic views
        • Trees - spruce, pine and maple

         

        DSC_2894

        3.8 +- acres Island - You can own it all!

         

        Nearby

        • University Maine Machias
        • Atlantic Ocean
        • Maine Public Reserve Lands

         

        DSC_2912

        Possible building or tent site

         

        Price and Terms - $70,000 cash