NOT LISTED FOR SALE

5 Wallace Ln Orono, ME 04473

Orono Area

Estimated Value: $280,000 - $418,681

4 Beds
2 Baths
2,138 Sq Ft
$170/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2025

Last sale price $391,000 $183 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,381 / mo

13 Days on Market

Highlights

  • Nearby Water Access
  • Country Club
  • Colonial Architecture
  • Orono Middle School Rated A-
  • View of Trees or Woods
  • 4-minute walk to Marden Park

About This Home

As of March 2025

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.

Last Agent to Sell the Property

Gwyneth Freeman

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 01/22/2025

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Eric Bell

NextHome Experience

NextHome Experience

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,849

Year Built

  • Built in 1966

Lot Details

  • 13,504 Sq Ft Lot
  • Property fronts a private road
  • Property fronts a freeway
  • Dirt Road
  • Landscaped
  • Interior Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Mud Room
  • Living Room
  • Dining Room
  • Views of Woods

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Nearby Water Access

Location

  • Property is near golf course and shops
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available

Listing and Financial Details

  • Probate Listing
  • Tax Lot 003-028
  • Assessor Parcel Number 5wallacelaneorono04473

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,849

Year Built

Built in 1966

Lot Details

0.31 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.31
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • MLS Status: Closed
  • Directions: From Main Street in Orono toward Old Town. Turn right on Wallace Lane. House is on the left. GPS friendly.
  • Above Grade Finished Sq Ft: 1710.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Year Built: 1966
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 230.99
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.31
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1710.0
  • Property Information:SqFt Finished Below Grade: 428.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Mud Room:Mud Room: Yes
  • Style:Colonial: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Roads:GravelDirt: Yes
  • View:TreesWoods: Yes
  • Location:Near Country Club: Yes
  • View:Fields: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Listing Conditions Probate Listing: Yes
  • Advertising Remarks:Advertising Remarks: 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.
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: Walk-Out Access, Exterior Entry, Bulkhead, Interior Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 428.0
  • Fireplace: No
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Interior Lot, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town
  • View: Fields, Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13503.6
  • Parcel #: 5wallacelaneorono04473
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 3849.41
  • Tax Lot: 003-028
  • Tax Year: 2024

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Orono, ME

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/10/2025 03/10/25 Sold $391,000 -1.0% $183 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $395,000 -- $185 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,589 $230,600 $36,400 $194,200
2024 $4,511 $211,300 $33,300 $178,000
2023 $4,495 $192,100 $30,300 $161,800
2022 $4,572 $192,100 $30,300 $161,800
2021 $4,562 $192,100 $30,300 $161,800
2020 $4,155 $147,900 $25,800 $122,100
2019 $3,912 $147,900 $25,800 $122,100
2018 $3,993 $147,900 $25,800 $122,100
2017 $3,845 $147,900 $25,800 $122,100
2016 $3,675 $147,900 $25,800 $122,100
2015 $3,609 $147,900 $25,800 $122,100
2014 $3,527 $147,900 $25,800 $122,100
2013 $3,431 $147,900 $25,800 $122,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1612972

Maine Listings

APN: ORON-020003-000000-000028

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