5 Madison Way, Gorham, ME 04038
OFF MARKET

$932,300

Trulia Estimate
  • 3 Beds
  • 3 Baths
  • 3,105 sqft (on 5.80 acres)

5 Madison Way, Gorham, ME 04038

Est. Refi. Payment $5,733/mo*
Refinance Your Home

Home Value

Trulia Estimate
$932K
Since last month
Increased$13K (+1.4%)
Since last year
Increased$16K (+1.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +97% in the last 10 years
MonthEstimated value
2026
September 2026$947K
August 2026$932K
July 2026$934K
June 2026$949K
May 2026$921K
April 2026$929K
March 2026$909K
February 2026$895K
January 2026$864K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
434 Libby Avenue, Gorham, ME
0.64
Single-Family Home
$799,000
02/27/26
3
3.5
2,770
110 Gordon Farms Road, Gorham, ME
0.29
Single-Family Home
$815,000
07/23/26
4
3.5
3,000
168 Harding Bridge Road, Gorham, ME
0.74
Single-Family Home
$975,000
06/25/26
4
2.5
2,850
11 Valley View Drive, Gorham, ME
0.66
Single-Family Home
$975,000
08/28/26
4
2.5
3,035
114 Harding Bridge Road, Gorham, ME
0.80
Single-Family Home
$940,000
08/28/26
4
2.5
2,702
20 Equestrian Lane, Gorham, ME
0.92
Single-Family Home
$749,900
07/31/26
3
2.5
2,442
139 Harding Bridge Road, Gorham, ME
0.63
Single-Family Home
$710,000
06/25/26
3
2.5
1,890
179 Harding Bridge Road, Gorham, ME
0.66
Single-Family Home
$700,000
08/31/26
3
2
2,960
60 Pheasant Lane, Gorham, ME
1.01
Single-Family Home
$751,000
10/24/25
3
2
1,974
35 Longmeadow Drive, Gorham, ME
0.85
Single-Family Home
$530,000
08/03/26
4
1.5
3,000

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Lot 34 Gordon Farms Road, Gorham, ME 04038
0.19
-
-
-
-
Off Market
Lot # 20 Gordon Farms Road, Gorham, ME 04038
0.23
-
-
-
-
Off Market
110 Gordon Farms Road, Gorham, ME 04038
0.29
$815,000
4
3.5
3,000
Recently Sold
47 Freedom Drive, Gorham, ME 04038
0.30
$825,700
4
2.5
2,652
Off Market
122 Queen Street, Gorham, ME 04038
0.33
$1,261,300
5
4.5
3,863
Off Market
33 Settlers Way, Gorham, ME 04038
0.44
$784,200
4
2.5
3,072
Off Market
42 Tannery Brook Road, Gorham, ME 04038
0.50
$678,200
3
2.5
1,903
Off Market
31 Green Trees Drive, Gorham, ME 04038
0.52
$886,900
4
3
3,044
Off Market
28 Settlers Way, Gorham, ME 04038
0.52
$851,100
4
3
2,685
Off Market
147 Falcon Crest Drive #14, Gorham, ME 04038
0.57
$640,000
3
2.5
2,448
Off Market
146 Falcon Crest Drive #44, Gorham, ME 04038
0.57
$665,000
3
2.5
1,932
Recently Sold
159 Falcon Crest Drive #20, Gorham, ME 04038
0.58
$633,100
3
2.5
2,175
Off Market

Local Information

  • Map ViewExplore the area around 5 Madison Way.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2009
5.8 acre lot
3,105 sqft
$300/sqft
Garage

About this House

Great opportunity to build your dream home, This is one of many lots available in Gordon Farms. Please call for more details.
5 Madison Way, Gorham, ME 04038 is a 3 bedroom, 3 bathroom, 3,105 sqft single-family home built in 2009. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $932,300, with a rent estimate of $4,230/month.

Home Details for 5 Madison Way

Interior Features

Interior Details
BasementNumber of Rooms: 9
Heating & Cooling
Heating: GasHeating Fuel: Gas
Levels, Entrance, & Accessibility
Stories: 2
Fireplace & Spa
FireplaceHot Tub or Spa

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Stucco, WoodPatio
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 2009Year Updated: 2012
Property Type / Style
Property Type: Single Family HomeArchitecture: Colonial

Community

Units in Building: 1

Lot Information

Lot Area: 5.80 acres

Price and Tax history

YearProperty taxTax assessment
2024
$10,027
$682,100
Home facts updated by county records

Market trends in Gorham

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
54
14MoM

Around this home

What Locals Say about Gorham

At least 38 Trulia users voted on each feature.

  • 93 % Say people would walk alone at night

  • 90 % Say yards are well-kept

  • 88 % Say parking is easy

  • 87 % Say there's wildlife

  • 83 % Say car is needed

  • 82 % Say it's dog friendly

  • 81 % Say there's holiday spirit

  • 77 % Say kids play outside

  • 66 % Say neighbors are friendly

  • 60 % Say they plan to stay for at least 5 years

  • 56 % Say it's quiet

  • 47 % Say it's walkable to restaurants

  • 44 % Say it's walkable to grocery stores

  • 36 % Say there are sidewalks

  • 34 % Say there are community events

  • 28 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Aqueen22
    "great place to live "
    0
    Flag
  • M. B.
    "Gorham is in a location where you have to drive a minimum of 15-20min to get to the highways. Driving into downtown Portland can take up to 1hr with rush hour traffic. "
    3
    Flag
  • Wilson d.
    "I lived here for twenty years. The neighbours are very friendly and helpful. This is one of the best communities in southern Maine. "
    2
    Flag
  • Guitahguy22
    "The rusticity and diversity of the neighborhood. I grew up in south Portland and since I’ve been in Gorham it’s been a pleasure, to say the least "
    8
    Flag
  • Marion R.
    "Your children can walk to school. You can walk to the store and all around town. The people are very friendly and easy going. The home has a lovely yard with room for a pool in the back. The hardwood floors have been redone. It is move-in ready!"
    4
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5 Madison Way

  • What is 5 Madison Way estimated to be worth?
    Trulia's estimated value for 5 Madison Way in Gorham, ME is $932,300.
  • Is Gorham a buyer's or seller's market?
    Gorham is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Gorham?
    Residents describe Gorham, ME as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See recently sold homes in Gorham, ME.
  • What are the closest schools to 5 Madison Way?
    The closest schools to 5 Madison Way in Gorham, ME are Gorham High School (rated 9/10), Gorham Middle School (rated 8/10), Great Falls Elementary School (rated 8/10).
  • How big is the lot at 5 Madison Way?
    The lot at 5 Madison Way in Gorham, ME is about 5.8 acres.
  • Does 5 Madison Way have a garage?
    Yes, 5 Madison Way in Gorham, ME has a garage.

Explore by feature - Pet Friendly

6 pet-friendly rentals in Gorham, ME

Explore by feature - Washer/dryer

6 rentals with a washer/dryer in Gorham, ME

Apartments for Rent

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Off Market Homes Near 5 Madison Way

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