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.