5 Wallace Ave, Gray, ME 04039
OFF MARKET

5 Wallace Ave
Gray, ME 04039

  • 2 Beds
  • 1 Bath
  • 928 sqft (on 0.30 acres)

$249,800

Trulia Estimate
as of Aug 16, 2026

$249,800

Trulia Estimate
as of Aug 16, 2026
2 Beds
1 Bath
928 sqft
(on 0.30 acres)

Home Value

Trulia Estimate
$250K
Since last month
Increased$3K (+1.2%)
Since last year
Increased$69K (+38.5%)
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 +122% in the last 10 years
MonthEstimated value
2026
August 2026$250K
July 2026$259K
June 2026$247K
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
167 Weymouth Road, Gray, ME
0.30
Single-Family Home
$330,000
11/03/25
2
1
1,050
288 Shaker Road, Gray, ME
0.12
Single-Family Home
$165,000
07/08/26
3
2
1,728
194 Weymouth Road, Gray, ME
0.17
Single-Family Home
$390,000
02/20/26
3
2
1,584
339 Shaker Road, Gray, ME
0.37
Single-Family Home
$700,000
07/30/26
2
2
1,619
173 Weymouth Road, Gray, ME
0.23
Single-Family Home
$560,000
03/03/26
3
1.5
2,098
72 Shaw Brook Lane, Gray, ME
0.65
Single-Family Home
$461,000
03/13/26
3
1
1,176
2 Alling Drive, Gray, ME
0.84
Single-Family Home
$405,000
02/25/26
3
1
1,900
97 N Raymond Road, Gray, ME
0.79
Single-Family Home
$550,000
03/11/26
3
2
1,708
112 N Raymond Road, Gray, ME
0.82
Single-Family Home
$375,000
01/23/26
3
2
1,832
48 Blueberry Lane, Gray, ME
0.90
Single-Family Home
$315,000
07/29/26
3
2
1,760

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
7 Marie Street, Gray, ME 04039
0.07
$410,000
4
1
1,350
For Sale
4 Spiro Avenue, Gray, ME 04039
0.05
$432,700
4
2
2,037
Off Market
10 Marie Street, Gray, ME 04039
0.12
$447,900
3
2
1,344
Off Market
288 Shaker Road, Gray, ME 04039
0.12
$165,000
3
2
1,728
Recently Sold
289 Shaker Road, Gray, ME 04039
0.13
$476,700
4
2
1,620
Off Market
3 Pine Cove Road, Gray, ME 04039
0.13
$423,800
2
1
680
Off Market
194 Weymouth Road, Gray, ME 04039
0.17
$390,000
3
2
1,584
Recently Sold
10 Marion Avenue, Gray, ME 04039
0.17
$606,300
3
2
2,134
Off Market
283 Shaker Road, Gray, ME 04039
0.17
$396,600
3
1
1,178
Off Market
177 Weymouth Road, Gray, ME 04039
0.22
$426,200
3
1.5
2,262
Off Market
173 Weymouth Road, Gray, ME 04039
0.23
$560,000
3
1.5
2,098
Recently Sold
167 Weymouth Road, Gray, ME 04039
0.30
$330,000
2
1
1,050
Recently Sold

Local Information

  • Map ViewExplore the area around 5 Wallace Ave.
  • Schools1 Preschool School3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1960
Lot Size
0.3 acres
Living Area
928 sqft
Price/Sqft
$269

About this House

Great two Bedroom cottage right off Shaker Road. Unfinished basement for all your toys, workshop/bench, etc. Walking distance to the little store and Crystal Lake. Short commute to shopping and banking. Investors take notice! This property will cash flow immediately. This is NOT a mobile home, short sale or bank owned property. Can close quick. Needs TLC.
5 Wallace Ave, Gray, ME 04039 is a 2 bedroom, 1 bathroom, 928 sqft single-family home built in 1960. It is currently off market. The Trulia Estimate is $249,800, with a rent estimate of $2,250/month.

Home Details for 5 Wallace Ave

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Interior Details
Number of Rooms: 5

Exterior Features

Exterior Home Features
Roof: Other

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 0.30 acres

Price and Tax history

DateEventPrice
Oct 4, 2014
Source: Agent Provided
ListingRemoved
$60,000
Feb 11, 2014
Source: Agent Provided
PriceChange
$60,000
Price decreased by 20%
Dec 19, 2013
Source: Agent Provided
PriceChange
$75,000
Price decreased by 12%
Oct 12, 2013
Source: Agent Provided
Listed For Sale
$85,000

Market trends in Gray

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
27
2MoM
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Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Gray

At least 9 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say yards are well-kept

  • 93 % Say car is needed

  • 88 % Say people would walk alone at night

  • 78 % Say it's dog friendly

  • 77 % Say there's wildlife

  • 71 % Say it's quiet

  • 63 % Say there's holiday spirit

  • 61 % Say neighbors are friendly

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

  • 50 % Say kids play outside

  • 43 % Say there are community events

  • 38 % Say there are sidewalks

  • 38 % Say streets are well-lit

  • 36 % Say it's walkable to grocery stores

  • 27 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Sierra
    "Small town could use people who aren’t afraid of upgrading buildings. I have lived in this town for three years and never questioned my safety "
    0
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  • jpaladino
    "I live and work here. I think this is the perfect area to live in as you get the best of both worlds...a small town feeling with hiking trials, lakes and Gray animal farm but a quick drive to Portland provides you with all the best the city has to offer with LOTS of restaurants and shopping. "
    0
    Flag
  • Beth
    "Lived in Gray since 1994. Great area. Good schools. Easy commuteto Portland."
    0
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Washer/dryer

7 rentals with a washer/dryer in Gray, ME

Homes for sale near 5 Wallace Ave

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Off Market Homes Near 5 Wallace Ave

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Frequently asked questions about 5 Wallace Ave

  • What is 5 Wallace Ave estimated to be worth?
    Trulia's estimated value for 5 Wallace Ave in Gray, ME is $249,800.
  • Is Gray a buyer's or seller's market?
    Gray is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Gray?
    Residents describe Gray, ME as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See recently sold homes in Gray, ME.
  • What are the closest schools to 5 Wallace Ave?
    The closest schools to 5 Wallace Ave in Gray, ME are Burchard A Dunn School (Pre-K/Elementary, rated 9/10), Gray-New Gloucester High School (rated 5/10), Gray-New Gloucester Middle School (Elementary, rated 5/10).
  • How big is the lot at 5 Wallace Ave?
    The lot at 5 Wallace Ave in Gray, ME is about 0.30 acres (13,068 sq ft).