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

5 Wallace Lane
Orono, ME 04473

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

$409,100

Trulia Estimate
as of Jul 9, 2026

$409,100

Trulia Estimate
as of Jul 9, 2026
4 Beds
2 Baths
2,138 sqft
(on 0.31 acres)

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
Last check for updates: about 21 hours ago
Listed by Better Homes & Gardens Real Estate/The Masiello Group
Bought with: NextHome Experience
Source: Maine Listings, MLS#1612972

Description

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. It is currently off market. The Trulia Estimate is $409,100, with a rent estimate of $2,512/month.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

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 History for 5 Wallace Lane

DatePriceEventSource
03/11/2025$395,000PendingMaine Listings #1612972
03/10/2025$391,000Sold
Maine Listings #1612972
02/05/2025$395,000ContingentMaine Listings #1612972
01/22/2025$395,000Listed For SaleMaine Listings #1612972
12/06/2024$2,400ListingRemovedZillow Rentals
11/15/2024$2,400Listed For RentZillow Rentals

Market trends in Orono

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
17
1MoM
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Property Tax and Assessment

Year2024
Tax$4,511
Assessment$211,300
Home facts updated by county records

Comparable Sales for 5 Wallace Lane

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4 University Place, Orono, ME
0.23
Single-Family Home
$369,000
07/11/25
5
2
2,370
14 Pond Street, Orono, ME
0.22
Single-Family Home
$375,000
01/05/26
4
3
2,293
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 homes

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Assigned Schools

These are the assigned schools for 5 Wallace Lane.
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

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Off Market Homes Near 5 Wallace Lane

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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.
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