NOT LISTED FOR SALE

5540 Novak Ct SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $419,000 - $439,129

3 Beds
2 Baths
1,438 Sq Ft
$297/Sq Ft Est. Value

About This Home

This home is located at 5540 Novak Ct SE, Salem, OR 97306 and is currently estimated at $427,032, approximately $296 per square foot. 5540 Novak Ct SE is a home located in Marion County with nearby schools including Pringle Elementary School, Judson Middle School, and South Salem High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2019
Sold by
Gross Steven W
Bought by
Gross Christopher J
Current Estimated Value
$427,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Outstanding Balance
$217,702
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$209,330

Purchase Details

Closed on
Oct 3, 2019
Sold by
Gross Christopher J
Bought by
Ramirez Martin B and Ramirez Irma G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Outstanding Balance
$217,702
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$209,330

Purchase Details

Closed on
Apr 8, 2008
Sold by
Geraths Donald N and Geraths Gayle T
Bought by
Gross Christopher J and Gross Steven W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,523
Interest Rate
6.22%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 15, 2004
Sold by
Harley Richard L and Harley Joan E
Bought by
Geraths Donald N and Geraths Gayle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2001
Sold by
Weigel Homes Inc
Bought by
Harley Richard L and Harley Joan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,538
Interest Rate
7.21%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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 Buyer Sale Price Title Company
Gross Christopher J -- First American
Ramirez Martin B $275,000 First American
Gross Christopher J $225,000 Amerititle
Geraths Donald N $185,000 First American
Harley Richard L $149,538 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Martin B $247,500
Previous Owner Gross Christopher J $221,523
Previous Owner Geraths Donald N $50,000
Previous Owner Harley Richard L $149,538
Source: Public Records

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 $4,393 $223,740 -- --
2023 $4,264 $217,230 $0 $0
2022 $4,020 $210,910 $0 $0
2021 $3,905 $204,770 $0 $0
2020 $3,791 $198,810 $0 $0
2019 $3,658 $193,020 $0 $0
2018 $3,723 $0 $0 $0
2017 $3,360 $0 $0 $0
2016 $3,201 $0 $0 $0
2015 $3,225 $0 $0 $0
2014 $3,121 $0 $0 $0
Source: Public Records

Map

Oregon Marion County Salem 97306 South Gateway

5540 Novak Ct SE, Salem, OR

This home is located at 5540 Novak Ct SE, Salem, OR 97306 and is currently estimated at $427,032, approximately $296 per square foot. 5540 Novak Ct SE is a home located in Marion County with nearby schools including Pringle Elementary School, Judson Middle School, and South Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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