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$465,000
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Property Description
Accepted Offer with Contingencies. Beautiful, well-maintained single-family home featuring modern appliances, 10-foot ceiling, and elegant crown molding in the main living area. Enjoy summer entertaining on the enormous paved backyard patio, surrounded by wrap-around back and side yards. The thoughtfully landscaped yard includes a manicured lawn, rose bushes, raspberry bushes, and hydrangeas that bloom from April through October. This lovely 3-bedroom, 2-bath home is ideally situated within walking distance of a local park, softball field, playground, coffee shop, and downtown restaurants. Just one mile from Turner Lake, a popular recreational destination with year-round walking paths. Located on a quiet, low-traffic, family-friendly street, the home falls within the highly desirable Cascade School District and benefits from lower crime rates and property taxes compared to nearby Salem. The two-car garage offers impressive built-in cabinetry and overhead storage. Convenient freeway access is just a five-minute drive. Willamette Valley Vineyards is up the hill (6 minutes), while South Salem Costco, Safeway, and Walmart are all within 10 minutes. Lender Appraised, the mortgage holder of the property at 5038 Penny Lane has valued the home at $465k.
Full Property Details
Full Property Details for 5038 Penny Ln SE
General
- Price: $465,000
- Taxes: $2,832 (2025)
- Status: Under Contract
- Type: Single Family
- Source: WVMLS
- MLS ID: 836524
- Updated: 1/13/2026
- Added to Site: 10 day(s) ago
Interior
- Flooring: Carpet, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Garage Description: Attached
Location
- County: MARION COUNTY
- Subdivision: COPPER PENNY IN TURNER
- Driving Directions: 7th St SE / Copper Penny Lane / 5th St SE
School Information
- Elementary School: Turner
- Middle School: Cascade Junior High
- High School: Cascade
Heating & Cooling
- Heating/Cooling: Electric, Heat Pump
- Water Heater: Electric
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 1,406
- Year Built: 2016
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Description: 0
Financial Considerations
- Price Per Sq. Ft.: $330.73
- Assessment Year: 2016
- Tax Amount: $2,832
- Tax Year: 2025
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Schools
Schools serving 5038 Penny Ln SE
School District:Cascade School District 5
| Name | Grades | Distance |
|---|---|---|
Turner Elementary School 7800 School Avenue, Turner, OR 97392 | K-5 | 0.5 mi |
Cascade Junior High School 10226 Marion Road Southeast, Turner, OR 97392 | 6-8 | 3.3 mi |
Cascade Senior High School 10226 Marion Road Southeast, Turner, OR 97392 | 9-12 | 3.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5038 Penny Ln SE
Date
Details
Price
Change
Source
1/08/2026
Listed
$465,000
3.33%
MLS
10/10/2024
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5038 Penny Ln SE
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,220
3%
$208,750
3%
2023
$3,133
5%
$202,670
6%
2021
$2,972
-3%
$191,040
-3%
2022
$3,051
6%
$196,770
6%
2020
$2,884
6%
$185,480
3%
2019
$2,731
-1%
$180,080
3%
2018
$2,747
3%
$174,840
3%
2017
$2,667
662%
$169,750
635%
2016
$350
—
$23,080
—
2015
$350
-3%
$23,080
—
2014
$362
—
$23,080
—
2013
$363
—
$23,080
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5038 Penny Ln SE
5038 Penny Ln SE, Turner, OR 97392 (MLS# 836524) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5038 Penny Ln SE is currently listed for $465,000 and was received on January 08, 2026. Want to learn more about 5038 Penny Ln SE? Do you have questions about finding other Single Family real estate for sale in Turner? You can browse all Turner real estate or contact a Coldwell Banker agent to request more information.

