c.1941 Five Bedroom Maine Round House $165K
OHU50K Notes $165,000
Realtor Comments
Step into a one-of-a-kind piece of Millinocket history with this rare historic round house, offering timeless charm, architectural distinction, and a prime location near Maine’s most treasured natural wonders. This unique residence features a classic circular design that sets it apart from traditional homes, maximizing natural light and creating a warm, inviting flow throughout the living spaces. The home retains much of its original character, with charming details that highlight its heritage, while offering plenty of opportunity for modern updates to suit your personal style. Located in the heart of Millinocket, you’ll enjoy easy access to downtown amenities, local shops, and restaurants, all while being just minutes from Baxter State Park, Mount Katahdin, and the Katahdin Woods & Water National Monument. The property is well landscaped with beautiful flower beds, fruit trees including 2 Cortland apples, 1 Empire Dwarf apple, 1 wild apple, 1 Flowering Crab apples, 1 Cherry, several Hawthorne, a couple Serviceberry and Choke Cherry trees. Shrubs include a couple of varieties of Lilacs, Forsythia, a twenty foot tall Hydrangea and the perimeter of the front yard has Siberian Pea Shrub(wonderful yellow blossoms that attract pollinators.
- 5 bed
- 2 bath
16 North Ter, Millinocket, ME 04462 $165,000
- Contact Realtor: Debbie Girsa
- Google Map
- Niche
Pros of Living in Millinocket
1. Outstanding Natural Recreation
Millinocket is a dream for outdoor lovers. Situated at the doorstep of Baxter State Park, Mount Katahdin, and the northern terminus of the Appalachian Trail, the town offers hiking, snowmobiling, fishing, paddling, wildlife tours, and more—year-round adventure.
2. Affordable Living
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Housing is very budget-friendly: median home values run about $74K–$128K, well below state and national averages.
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Overall cost of living is about 10% lower than Maine’s average and 14% below national levels. A family can live comfortably on around $2,040/month.
3. Tight-Knit Community
Residents describe Millinocket as welcoming and neighborly, with genuine small-town camaraderie—from smiles and greetings downtown to community-led events and shared pride.
4. Foundational Infrastructure & Connectivity
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The town has access to 1G fiber broadband, making remote work possible.
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The Millinocket Regional Hospital provides essential healthcare services locally.
5. Strong Historical Roots & Tourism
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Once centered around the paper mill, Millinocket retains its heritage via museums, the Appalachian Trail Café, and its identity as a “Gateway to the North Woods.”
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The Katahdin Woods & Waters National Monument (est. 2016) supports a growing tourism-based economy.
6. Emerging Economic Potential
The town promotes its vast industrial site, affordable renewable energy, and pro-business incentives—especially appealing for data centers and digital economy ventures.
Cons of Living in Millinocket
1. Weak Job Market & Income Challenges
Despite efforts to diversify, employment remains limited. The local economy is still transitioning from its industrial past. Median household income (~$43K) falls well below state and national averages, and unemployment remains elevated.
2. Harsh Winters
The region experiences long, cold winters with heavy snow—great for winter sports, but tough for those unaccustomed to demanding seasonal weather.
3. Limited Services & Accessibility
As a remote small town, Millinocket has modest selection of shops, restaurants, and amenities. Transportation options beyond driving are limited.
4. Aging and Shrinking Population
The median age is around 57–58 years, and the population remains under 4,200, reflecting minimal growth and limited youth retention.
5. Mixed School System Ratings
Local schools have received C-level grades, with challenges in academic performance, although graduates benefit from low student-to-teacher ratios.
6. Underutilized Housing Market
While home prices are low, many listings reflect high vacancy due to economic decline, and properties may sit longer on the market.
History
