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5122 Norma Court Southeast

5122 Norma Court Southeast, Salem, OR 97306
Property in South Gateway
Sold Sep 09, 2015
$191,500
$188,030 by Pacific Residential Mortgage L
Mortgage Due Oct 01, 2045
Sold Dec 29, 2010
$138,000
$134,501 by Dba Landmark Professional Mort
Mortgage Due Jan 01, 2041
5122 Norma Court Southeast in Salem, OR was first built in 1982 and is 42 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5122 Norma Court Southeast has 1,464 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 440 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 440 sqft. There are a total of 2 available parking spaces. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5122 Norma Court Southeast sold most recently in Sep 4, 2015 for a total of $191,500. If you work out the math, that's approximately a cost of $100.58 per sqft. Before that, the property was also sold for $138,000 in Dec 28, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,206 in taxes each year. 5122 Norma Court Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $168,020. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 440
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,904
  • Gross Building Area: 1,904
  • Building Area: 1,464
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,464
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REGAN-NICOLE ESTATES IN SALEM
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: REGAN-NICOLE ESTATES IN SALEM LOT 3 ACRES 0.16

Ownership

  • Current Owner : MARTIN CHRISTOPHER
  • Current Owner 2: MARTIN CHELSIE
  • Previous Owner : RASMUSSEN RYAN N
  • Previous Owner 2: RASMUSSEN RONI M D
  • Owner Before Previous Owner: FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem-Keizer School District 24J
  • School Tax School District: SALEM-KEIZER
  • Census Tract: 002303

Zoning

  • Zoning: RS

Geography

  • Account Number: 587169
  • Parcel: 587169
  • Lot: 3
  • Meridian: SEC 15 TWN 08S RNG 03W
  • Latitude: 44.8809
  • Longitude: -123.037

    Address

  • Full Address: 5122 Norma Ct Se
  • Address - House Number: 5122
  • Street Segment Direction: SE
  • Address - Street Name: Norma
  • Address - Suffix Type: Ct
  • State: OR
  • City Name: Salem
  • Carrier Code: C031
  • 4-Digit Zip Code: 1574
  • Zip Code: 97306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,206
  • Tax Rate Code Area: 92401000

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 401,244
  • High Value: 469,808
  • Low Value: 332,680

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $195,613
  • First Open Lien Mortgage Lender: PACIFIC RESIDENTIAL MORTGAGE L
  • First Open Lien Mortgage Recording Date: Sep 09, 2015
  • First Open Lien Mortgage Loan Amount: $188,030
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2045
  • Second Open Lien Mortgage Lender: SECRETARY OF THE US DEPARTMENT
  • Second Open Lien Mortgage Recording Date: Oct 09, 2023
  • Second Open Lien Mortgage Loan Amount: $7,583
  • Second Open Lien Mortgage Term: 335
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $383,430
  • Market Land Value: $165,000
  • Market Improvement Value: $218,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,020

    Sales

  • Current Sale Contract Date: Sep 04, 2015
  • Current Sale Recording Date: Sep 09, 2015
  • Current Sale Transaction ID: 1291064420
  • Current Sale Price: $191,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 29, 2010
  • Previous Sale Contract Date: Dec 28, 2010
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC RESIDENTIAL MORTGAGE L
  • First Mortgage Transaction Date: Sep 09, 2015
  • First Mortgage Loan Amount: $188,030
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: DBA LANDMARK PROFESSIONAL MORT
  • Previous Mortgage Transaction Date: Dec 29, 2010
  • Previous Mortgage Loan Amount: $134,501
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2041

About South Gateway



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Frequently Asked Questions

What neighborhood is 5122 Norma Court Southeast located in?
The 5122 Norma Court Southeast is a located in the neighborhood of South Gateway in South Gateway, Salem.
What is the average sales price for listings in 5122 Norma Court Southeast?
The average sales price for units in 5122 Norma Court Southeast is $0 currently.

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