$535,000
SOLD FEB 28, 2025

5407 Terra Cotta Dr SE Salem, OR 97306

South Gateway Neighborhood
3 Beds
2 Baths
1,820 Sq Ft
8,138 Sq Ft Lot

Recently Sold

$294 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

  • Living Room with Fireplace
  • First Floor Utility Room
  • 2 Car Attached Garage
  • Covered Patio or Porch
  • Fenced Yard
  • Security System Owned

About This Home

As of February 2025

Stunning & Abundant Banner home in desireable South Salem. Great Rm floorplan w/vulted ceilings & oversize windows which add a state of airy & vibrant living. This is a cooks kitchen w/gas range, oversized pantry & tons of counter space on beveled quarts. Owner's suite w/trayed ceiling, lg WIC & step in spa shower & floor lighting. Indoor/outdoor gas fireplace offers cozy evenings & year round outdoor entertainment. Appraisal & Insp DONE! Buyer's loan denial caused sale fail.

Last Agent to Sell the Property

Shelly Samson

WINDERMERE HERITAGE License #981100066 Listed on: 12/15/2024

WINDERMERE HERITAGE

Last Buyer's Agent

Heidi Torkko

REAL BROKER License #200901094

REAL BROKER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,915

Year Built

  • Built in 2017

Lot Details

  • 8,138 Sq Ft Lot
  • Lot Dimensions are 69 x 132
  • Fenced Yard
  • Landscaped
  • Sprinkler System
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,820 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • First Floor Utility Room
  • Security System Owned

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Pringle Elementary School
  • Judson Middle School
  • South Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Handicap Accessible
  • Covered Patio or Porch

Community Details

  • Woodscape Greenwood Ph 2 Subdivision

Listing and Financial Details

  • Tax Lot 54

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,915

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Handicap Amenities: Yes (Refer To Remarks)
  • Home Warranty: Negotiable
  • Range Facility: Gas, Range Included
  • Syndicated Remarks: Stunning & Abundant Banner home in desireable South Salem. Great Rm floorplan w/vulted ceilings & oversize windows which add a state of airy & vibrant living. This is a cooks kitchen w/gas range, oversized pantry & tons of counter space on beveled quarts. Owner's suite w/trayed ceiling, lg WIC & step in spa shower & floor lighting. Indoor/outdoor gas fireplace offers cozy evenings & year round outdoor entertainment. Appraisal & Insp DONE! Buyer's loan denial caused sale fail.
  • Cross Street: Battle Creek
  • Year Built: 2017
  • Home Style2: 1 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room, Gas
  • Negotiable Inclusions: range, refrig, dishwasher
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 1/Main
  • Dining Room: 1/Main, On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 293.96
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 288.41

Exterior Features

  • Patio: Covered Patio
  • Exterior Color: Beige
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition, Shingle
  • Siding: Fiber Cement
  • Siding Style: Lap

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Gas, Central Ac, Forced Air
  • High Speed Comm Access: Available
  • Security System: Owned
  • Sewer City: Yes
  • Water: City
  • Water Heater: Gas

Schools

  • Elementary School: Pringle
  • Middle School: Judson
  • High School: South Salem

Lot Info

  • Acres: 0.19
  • Estimated Lot Dimensions: 69 x 132
  • Estimated Lot Sq Ft: 8138
  • Lot: 54
  • Lot Type: Dimension Above
  • Price Per Acre: 2762631.58
  • Underground Sprinklers: Yes
  • Zoning: RS
  • Geo Subdivision: OR

Green Features

  • Smart Home Features: Yes (Refer to Remarks)

Tax Info

  • Tax Years: 2024
  • Tax Account Number: 353148
  • Tax Amount: 5915

MLS Schools

  • HighSchool: South Salem
  • Middle School: Judson
  • Elementary School: Pringle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2024
Closed on
Feb 27, 2025
Sold by
Schomberg Luke and Schomberg Kristy
Bought by
Waltermire Robert Paul and Waltermire Rosamaria
Seller's Agent
Shelly Samson
WINDERMERE HERITAGE
Buyer's Agent
Heidi Torkko
REAL BROKER
List Price
$524,900
Sold Price
$535,000
Premium/Discount to List
$10,100
1.92%
Views
144
Current Estimated Value
$544,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,366
Avg. Annual Appreciation
3.27%
Original Mortgage
$428,000
Outstanding Balance
$426,239
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$118,127

Purchase Details

Listed on
Nov 12, 2019
Closed on
Mar 9, 2020
Sold by
Sanders Troy L and Sanders Debrah L
Bought by
Schomberg Luke and Schomberg Kristy
Seller's Agent
RICK AND ANDE HOFMANN
HOMESMART REALTY GROUP
Buyer's Agent
Shelly Samson
WINDERMERE HERITAGE
List Price
$419,500
Sold Price
$398,000
Premium/Discount to List
-$21,500
-5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$384,338
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Listed on
Jun 13, 2017
Closed on
Aug 31, 2017
Sold by
Banner Homes Llc
Bought by
Sanders Troy L and Sanders Debrah L
Seller's Agent
Kevin Nunn
TRADITION REAL ESTATE PARTNERS
Buyer's Agent
David Schacher
COLDWELL BNKR/COMMERCIAL DIV
List Price
$360,000
Sold Price
$365,907
Premium/Discount to List
$5,907
1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%
Original Mortgage
$371,880
Interest Rate
3.96%
Mortgage Type
VA

Purchase Details

Listed on
Jun 13, 2017
Closed on
Aug 16, 2017
Sold by
Hsf Development Llc
Bought by
Banner Homes Llc
Seller's Agent
Kevin Nunn
TRADITION REAL ESTATE PARTNERS
Buyer's Agent
David Schacher
COLDWELL BNKR/COMMERCIAL DIV
List Price
$360,000
Sold Price
$365,907
Premium/Discount to List
$5,907
1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,880
Interest Rate
3.96%
Mortgage Type
VA
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $535,000 Ticor Title
Warranty Deed $398,000 Ticor Title
Warranty Deed $365,907 Amerititle
Special Warranty Deed $67,150 Amerititle
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $428,000 New Conventional
Previous Owner $384,338 VA
Previous Owner $371,880 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $535,000 +1.9% $294 / Sq Ft
01/23/2025 01/23/25 For Sale $524,900 0.0% $288 / Sq Ft
12/24/2024 12/24/24 Pending -- -- --
12/20/2024 12/20/24 For Sale $524,900 +31.9% $288 / Sq Ft
03/10/2020 03/10/20 Sold $398,000 -0.4% $219 / Sq Ft
12/30/2019 12/30/19 Price Changed $399,500 -2.5% $220 / Sq Ft
12/16/2019 12/16/19 Price Changed $409,950 -2.3% $225 / Sq Ft
11/12/2019 11/12/19 For Sale $419,500 +14.6% $230 / Sq Ft
08/31/2017 08/31/17 Sold $365,907 +1.6% $201 / Sq Ft
06/13/2017 06/13/17 For Sale $360,000 -- $198 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $5,916 $301,290 -- --
2023 $5,741 $292,520 $0 $0
2022 $5,413 $284,000 $0 $0
2021 $5,258 $275,730 $0 $0
2020 $5,105 $267,700 $0 $0
2019 $5,078 $259,910 $0 $0
2018 $5,013 $0 $0 $0
2017 $1,149 $0 $0 $0
2016 $462 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 823897

Willamette Valley MLS

APN: 353148