5 Wallace Lane, Orono, ME 04473
Property image
Property image
OFF MARKET

$412,700

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 2,138 sqft (on 0.31 acres)

5 Wallace Lane, Orono, ME 04473

Est. Refi. Payment $2,611/mo*
Refinance Your Home
Currently Off Market - Sold Mar 10, 2025 for $391,000

Home Value

Trulia Estimate
$413K
Since last month
Increased$7K (+1.7%)
Since last year
Increased$12K (+3%)
Since last sale
Increased$22K (+5.5%)
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$413K
August 2026$412K
July 2026$406K
June 2026$409K
May 2026$410K
April 2026$412K
March 2026$415K
February 2026$409K
January 2026$402K
2025
2024
2023
2022
2021
2020
2019

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
14 Pond Street, Orono, ME
0.22
Single-Family Home
$375,000
01/05/26
4
3
2,293
48 Peters Street, Orono, ME
0.20
Single-Family Home
$396,000
08/27/26
3
2
1,484
50 College Avenue, Orono, ME
0.16
Single-Family Home
$293,000
03/19/26
3
1.5
1,940
5 Summer Street, Orono, ME
0.33
Single-Family Home
$375,000
03/02/26
5
2.5
2,676
77 Bennoch Road, Orono, ME
0.46
Single-Family Home
$320,000
11/07/25
3
1.5
1,470
2 Chapel Road, Orono, ME
0.33
Single-Family Home
$407,000
01/09/26
3
2.5
2,400
42 Hillside Road, Orono, ME
0.33
Single-Family Home
$361,000
09/24/25
3
2.5
1,680
102 Forest Avenue, Orono, ME
0.72
Single-Family Home
$379,900
10/20/25
4
2
2,349
23 Forest Avenue, Orono, ME
0.51
Single-Family Home
$258,000
09/26/25
4
3
2,008
64 Penobscot Street, Orono, ME
0.44
Single-Family Home
$270,000
06/16/26
4
2
1,788

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
15 Park Street, Orono, ME 04473
0.08
$353,100
7
2
3,048
Off Market
23 Pierce Street, Orono, ME 04473
0.09
$340,600
4
1.5
2,187
Off Market
3 Park Street, Orono, ME 04473
0.12
$269,900
5
2
1,656
For Sale
52 Park Street, Orono, ME 04473
0.12
$337,300
4
2.5
1,620
Off Market
56 Park Street, Orono, ME 04473
0.13
$434,700
8
3
2,436
Off Market
50 College Avenue, Orono, ME 04473
0.16
$293,000
3
1.5
1,940
Recently Sold
20 Crosby Street, Orono, ME 04473
0.15
$393,600
3
2
1,600
Off Market
60 Park Street, Orono, ME 04473
0.16
$334,600
4
2
2,112
Off Market
8 University Place, Orono, ME 04473
0.23
$564,600
3
2
1,812
Off Market
4 University Place, Orono, ME 04473
0.23
$388,300
5
2
2,370
Off Market
14 Pond Street, Orono, ME 04473
0.22
$375,000
4
3
2,293
Recently Sold

Local Information

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

Home Highlights

Single-Family Home
Built in 1966
0.31 acre lot
2,138 sqft
$193/sqft
Garage
Last check for updates: about 4 hours ago
Listed by Better Homes & Gardens Real Estate/The Masiello Group
Bought with: NextHome Experience
Source: Maine Listings, MLS#1612972

About this House

This beautifully maintained 4-bedroom Colonial home in Orono is just minutes from the University of Maine, offering both privacy and convenience.

Nestled on a quiet, private road, the home features a spacious and well-appointed layout, with gleaming hardwood floors throughout. The inviting yard is perfect for outdoor activities, while a small deck provides a peaceful retreat to enjoy the surrounding nature.

A two-car garage offers plenty of storage and parking space.

With its combination of classic Colonial charm, meticulous upkeep, and proximity to the university, this home is a rare find in a sought-after location.
5 Wallace Lane, Orono, ME 04473 is a 4 bedroom, 2 bathroom, 2,138 sqft single-family home built in 1966. It last sold for $391,000 on Mar 10, 2025 (1% below the $395,000 asking price). More recently, it was listed as a rental in November 2024 with an asking price of $2,400 per month. That rental listing was removed on December 6, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $412,700, with a rent estimate of $2,336/month.

Home Details for 5 Wallace Lane

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Bulkhead,Interior EntryNumber of Rooms: 8Types of Rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room, Mud Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2138 Square Feet
Appliances & Utilities
Utilities: Utilities OnAppliances: Dishwasher, Dryer, Electric Range, Refrigerator, WasherDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: BaseboardNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Wood
Levels, Entrance, & Accessibility
Floors: Carpet, Laminate, Wood
View
Has a ViewView: Fields, Trees/Woods

Exterior Features

Exterior Home Features
Roof: ShingleNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Paved,1 - 4 Spaces
Frontage
Road Frontage: Private RoadRoad Surface Type: Gravel, DirtNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1710 Square FeetFinished Area (below surface): 428 Square Feet

Property Information

Year Built
Year Built: 1966
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Colonial
Building
Construction Materials: Wood Frame, Vinyl Siding

Price & Status

Price
List Price: $395,000
Status Change & Dates
Off Market Date: Tue Feb 04 2025

Location

Direction & Address
City: Orono

Building

Building Area
Building Area: 2138 Square Feet

Lot Information

Lot Area: 0.31 acres

Miscellaneous

BasementMls Number: 1612972Above Grade Unfinished Area: 1710

Price and Tax history

DateEventPrice
Mar 11, 2025
Source: Maine Listings #1612972
Pending
$395,000
Mar 10, 2025
Source: Maine Listings #1612972
Sold
$391,000
Feb 5, 2025
Source: Maine Listings #1612972
Contingent
$395,000
Jan 22, 2025
Source: Maine Listings #1612972
Listed For Sale
$395,000
Dec 6, 2024
Source: Zillow Rentals
ListingRemoved
$2,400

Market trends in Orono

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
17
5MoM

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 Orono

At least 21 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 80 % Say there are sidewalks

  • 74 % Say it's walkable to restaurants

  • 73 % Say kids play outside

  • 73 % Say people would walk alone at night

  • 72 % Say parking is easy

  • 71 % Say there's holiday spirit

  • 70 % Say there's wildlife

  • 69 % Say car is needed

  • 63 % Say yards are well-kept

  • 57 % Say it's quiet

  • 55 % Say streets are well-lit

  • 50 % Say there are community events

  • 47 % Say neighbors are friendly

  • 26 % Say they plan to stay for at least 5 years

  • 25 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Makenzie P.
    "College town fun people around cute restaurants stores are convient and lots of things in walking distance if you don’t have a car. Close to Bangor and umo and husson university "
    2
    Flag
  • Katherine H.
    "Sense of community but also a college party town to some degree. It’s very sweet though. Lots of family owned shops and restaurants "
    0
    Flag
  • Katherine H.
    "Events at the Collins center for the arts are open to the public and they often have pretty good events lined up on their website"
    2
    Flag
  • Nicholas F.
    "It’s just feel welcoming and mostly exciting! The university gives it a lot of energy. A lot of great food too. I feel like I don’t even have to lock my doors at night. "
    1
    Flag
  • Paul M
    "The Orono High School was rated 9th in the State of Maine by US News & Word Report. Orono is also home to the University of Maine which is a terrific resource for the towns people including their New Balance athletic facility. There is nothing like having access to all a College town has to offer. "
    0
    Flag
  • Tony M.
    "Dog walking is frequently seen! Not a problem in this area. Incredible nature walk trail connects to Cromwell Dr that is amazing with pets."
    0
    Flag
  • Jeff H.
    "Great walkable town. Very safe community; small kids walk to school and play freely throughout the small town. All the wonderful amenities and benefits of a college town."
    0
    Flag
  • Kimberly C.
    "During the school year traffic is extremely heavy in the morning and the afternoon, especially around 5 o’clock"
    0
    Flag
  • Tonya p.
    "I’m not sure, I don’t own any dogs. There are a lot of dogs in my neighborhood however. There are no dog parks in Orono."
    1
    Flag
  • Kristina M.
    "I’ve gone to school here and I love the safeness and community feel of the town. Everyone smiles and is so nice "
    0
    Flag
  • Kagdis
    "Orono is a college town. It is easily accessible to Interstae 95, malls,shopping,hospitals, good schools, university"
    0
    Flag

LGBTQ Local Legal Protections

Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443

Frequently asked questions about 5 Wallace Lane

  • What is 5 Wallace Lane estimated to be worth?
    Trulia's estimated value for 5 Wallace Lane in Orono, ME is $412,700.
  • What is the price history for 5 Wallace Lane?
    5 Wallace Lane in Orono, ME last sold for $391,000 in March 2025.
  • Is Orono a buyer's or seller's market?
    Orono is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Orono?
    Residents describe Orono, ME as dog-friendly, pedestrian-friendly, and walkable to restaurants. See recently sold homes in Orono, ME.
  • Does 5 Wallace Lane have laundry facilities?
    Yes, 5 Wallace Lane in Orono, ME has in-unit laundry.
  • How big is the lot at 5 Wallace Lane?
    The lot at 5 Wallace Lane in Orono, ME is about 0.31 acres (13,504 sq ft).

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