NookLocal
For Sale

Listing description

501 Norma Lane offers the perfect chance for buyers, investors, or DIY‑minded homeowners to bring their vision to life. This property sits in a great neighborhood and provides a solid foundation for renovations, allowing you to customize every detail to your taste or investment strategy. Whether you’re planning to put in some sweat equity and make it your own with a modern redesign, or create equity and wealth through an investment, this property gives you the flexibility to create something special. Inside, the home needs renovations, but the major components are in great shape with a new roof in 2018, furnace and HVAC in 2018, and a brand-new water heater in 2026. The interior of the home boasts a bonus rec room/living space on the ground floor along with a washer and dryer. The second floor includes a powder room with an open concept kitchen and dining room which flows into the spacious living room. Completing the home on the third floor are 3 bedrooms with good closet space and a full bathroom. The lot provides usable outdoor space, and the neighborhood offers easy access to local shops, schools, parks, and major commuter routes — a strong upside once renovations are complete. If you’ve been searching for a project with potential, this is the one. Bring your contractor, your creativity, and your plans — 501 Norma Lane is ready for its next chapter!

Rooms by level

How the bedrooms and baths are distributed across the floors, as reported by the listing agent.

  1. Main level1 half bath
  2. Upper level3 bedrooms · 1 full bath

Facts & features

Interior

Bedrooms
3
Bathrooms
1 full · 1 half
Living area
1,184 sq ft
Heating
Forced Air
Cooling
Central A/C

Property & construction

Property type
Residential · Twin/Semi-Detached
Architectural style
Traditional
Year built
1960

Lot & parking

Lot size
0.06 acres (2,700 sq ft)
Garage
1 space

Financial

Price / sq ft
$185
HOA dues
None

Listing details

MLS #
PAMC2188556
County
Montgomery County
School district
Norristown Area
Days on NookLocal
4 days

Interior features

Basement
Partially Finished
Levels
2
Accessibility
None

Exterior & construction

Construction
Vinyl Siding
Foundation
Concrete Perimeter

Systems & utilities

Heating fuel
Natural Gas
Cooling fuel
Electric
Hot water
Natural Gas
Water source
Public
Sewer
Public Sewer

Parking

Parking
Attached Garage
Garage type
Garage - Front Entry
Total spaces
1

Community

Subdivision
NORRIS HILLS CT

Lot & zoning

Lot dimensions
55.00 x 0.00
Zoning
RES

Included in the sale

Inclusions
Refrigerator, washer, dryer all in "as is" condition with no monetary value
Possession
Immediate

Price history

DateEventPrice
Jul 23, 2026Listed for sale$219,000

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

The NookLocal estimate

Estimated value

$247,000

Automated estimate, not an appraisal. Sale records through July 2026.

About this estimate

Based on 10 comparable sales nearby, the Montgomery County assessment ratio, weighted toward the current asking price.

Current list price
$219,000
County assessment implies
$311,040
Est. property taxes at today's rates
$4,222/yr

Comparable Sales

AddressClosedSale priceBd/BaSqftAdjusted value
1724 KENDRICK LN, NORRISTOWN, PA 19401June 2026$320,0003/11,184$319,685
608 NATALIE LN, NORRISTOWN, PA 19401May 2026$312,5003/11,184$311,885
1809 NEW HOPE ST, NORRISTOWN, PA 19401May 2026$240,0003/11,184$238,283
504 NATALIE LN, NORRISTOWN, PA 19401April 2026$330,0003/11,184$329,675
1729 CALAMIA DR, NORRISTOWN, PA 19401February 2026$345,0003/11,184$365,051
708 E FORNANCE ST, NORRISTOWN, PA 19401July 2026$260,0003/11,152$265,510

Estimated taxes

Estimated at current rates

$5,983 / year

$499 per month

MLS shows (2025)

$5,982

School tax

NORRISTOWN AREA · 39.60 mills (2025-26)

$3,670

County tax

Montgomery County · 5.95 mills (2026)

$552

Municipal tax

As recorded for 2025, varies by municipality

$1,761

Assessment note:this home appears assessed above what its asking price implies at the county's common level ratio. The next owner may have a case for an assessment appeal worth roughly $1,249/year.

Recomputed from the county assessment ($92,690, 1996 base year) × current millage. School millage is from the latest year certified by the Pennsylvania Department of Education (2025-26); districts adopt the next year's budgets each June, and we update when the state certifies the statewide file in the fall. Portals typically reprint the recorded 2025 bill. Pennsylvania does not reassess on sale. Estimate only. Verify with Montgomery County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.

Estimated monthly payment calculator

$43,800 (20%)
6.43%

Loan term

Estimated monthly payment

$1,662/mo

Principal & interest
$1,099
Property taxes (current rates)
$499
Home insurance (est.)
$64

Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.

Area statistics

School district

Norristown Area

Academic index
37.8/100
Graduation rate
81.5%
PSSA ELA proficient
28.1%
PSSA Math proficient
27.4%

2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Montgomery County crime & safety numbers →

County figures from FBI and Pennsylvania source data.

Property taxes

Montgomery County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

© BRIGHT, All Rights Reserved

Information Deemed Reliable But Not Guaranteed

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Data last updated: July 27, 2026 at 2:05 PM EDT

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