Subject Property
County Name: Multnomah
APN / Parcel Number: R615044
Current Ownership: George & Jolanta Olson
Site Address: 6504 N Commercial Ave, Unit #6, Portland OR 97217
Mail Address: 10708 NE 111th Ct, Vancouver WA 98662 *Out of State Owner
Tract / Subdivision: / Rosa Parks Condominiums
Census Tract / Block: 003701 / 3018
Lot / Block: 6
Twn / Rng / Sec / Qtr: 01N / 01E / 15 / NE
Brief Legal Description: ROSA PARKS CONDOMINIUMS, LOT 6
Sale Information
Sale Recording Date: 10/16/2017
Property Type: Condominium Unit (Residential) Land Use: Residential, Residential, Condominium Building Type: 1 Sty W/Bsmt Zoning: Portland-RM2 - Residential Multi-Dwelling 2 Total SqFt: 551 Lot Size: 622 SqFt / 0.01 AC Year Built: 1947 Beds: Basement: Units: 9 Baths: 1 Pool: Buildings: 1 Rooms: Ext / Roof: / Composition Shingle Heat/AC: Stories: 1 Condition: Good Fireplace: Garage: Foundation: View:
School District: Portland School District
Watershed: Columbia Slough-Willamette River
Assessment & Tax Info
Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report
Parcel ID: R615044
SiteAddress: 6504 N CommercialAve, Unit #6
Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report
Parcel ID: R615044
SiteAddress: 6504 N CommercialAve, Unit #6
Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report
R615044 OLSON,GEORGEJ& OLSON,JOLANTA
GENERALINFORMATION
PropertyStatus AActive
PropertyType RPResidential
LegalDescription ROSAPARKSCONDOMINIUMS,UNIT 6
AlternateAccountNumber R721400070
Neighborhood RW411Piedmont-Irvington
MapNumber 1N1E15AC-80006
PropertyUse W-RESIDENTIALCONDO
LevyCodeArea 710
OWNERINFORMATION
OwnerName OLSON,GEORGEJ&OLSON,JOLANTA
MailingAddress 10708NE111THCTVANCOUVER,WA 98662
Split/MergedatapriortoFebruary6,2018isnotavailableonline, pleasecallMultnomahCountyAssessment&Taxationdivision.
LinkedProperties R615038
PropertyGroupID -
GroupedProperties -
Split/MergeDate -
Split/MergeAccounts -
Split/MergeMessage -
TotalAmountDue $0.00
Pleaseenterproperpaymentamount
Thispropertyhasbeenaddedtoyourcart. Removefromcart.
Toviewinstallmentamountsforeachyear,click ExpandDetailsbelow. Ifapplicable,thedescribedpropertyisreceivingspecialvaluationbaseduponitsuse.Additional rollbacktaxeswhichmaybecomeduebasedontheprovisionsofthespecialvaluationarenotindicated inthislisting.
EffectiveDate:
Assigned School
Primary School: Chief Joseph Elementary School
Middle School: Ockley Green Middle School
High School: Jefferson High School
Primary School
Chief Joseph Elementary School 3
Middle School
Ockley Green Middle School 1
High School
Jefferson High School 2
Other School
1. Ockley Green Middle School
Address: 6031 N Montana District: Portland Sd 1J
Charter: No
Title 1 Elig: 2-No
Male / Female: 233 / 186
2. Jefferson High School
Title 1: 6-Not a Title I school
Address: 5210 N Kerby Ave District: Portland Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
3. Chief Joseph Elementary School
Distance: 0.54 mile(s)
Type: 1-Regular school
Students: 428
Grade Levels: 6th Grade - 8th Grade
Distance: 0.67 mile(s)
Type: 1-Regular school
Students: 525
Title 1: 6-Not a Title I school Grade Levels: 9th Grade - 12th Grade
Male / Female: 239 / 281 Distance: 1.03 mile(s)
Address: 2409 N Saratoga St District: Portland Sd 1J
Charter: No
Title 1 Elig: 2-No
Male / Female: 130 / 133
Title 1: 6-Not a Title I school
Type: 1-Regular school
Students: 265
Grade Levels: Kindergarten - 5th Grade
CC&Rs: Rosa Parks Condo
The property owner (Seller) initiates a contract, or a listing agreement, with a licensed Real Estate Agent.
Property owner (Seller) enters into a purchase contract, typically referred to as an Earnest Money Agreement, with a Buyer.
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As part of the purchase contract, Seller agrees to purchase a title insurance policy for the Buyer and both agree to close the transaction with a licensed escrow company. In Oregon, most title insurance companies also offer escrow services to facilitate a convenient “one-stop” approach to closing real estate transactions.
An escrow is a neutral third party depository for legal documents and funds necessary to complete a real estate transaction. The escrow agent will disburse funds and record documents for the proper recipients according to their written instructions.
What title insurance and escrow costs are incurred in a real estate sale?
The fee for escrow services is based on the sales price of the property. This fee is typically split equally between the Seller and Buyer. However, Buyers should check with their lenders if financing is involved because some federally insured lending programs do not allow borrowers to pay this fee. The Seller typically pays for a standard owner’s policy of title insurance which names the Buyer as the insured. Charges for this policy are based on the sales price of the property. The Buyer typically pays for a lender’s policy of title insurance and any required endorsements if s/he is obtaining a new loan to purchase the property. Charges for this policy are based on the loan amount.
What services does an escrow agent perform on behalf of the Seller and Buyer?
• Upon opening of escrow, escrow agent will order a preliminary title report, which will be sent to all interested parties involved in the transaction. The report will detail the current ownership, liens and encumbrances of the property.
• Closing statements will be prepared for each party, showing all credits and debits. The escrow agent will schedule appointments for all parties to sign their final necessary documents, including any funds needed to be deposited, to complete the transaction.
• Signed loan documents are returned to the Lender, for final review and funding approval.
• Recordable documents are released to the County Clerk’s office for recording.
• Once recorded, all funds are disbursed per written instructions.
• Final title policies are issued to the insured parties.
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Receive and review Earnest Money Agreement and Broker’s instructions.
Open escrow. Order title report.
Determine financing.
Information gathering from Buyer and Seller.
Receive title report. Send copies to all parties in the transaction.
Resolve any title issues. Order any payoff demands.
Review file. Are conditions satisfied? Contingencies removed?
Prepare closing statement, closing instructions and transfer deed
Obtain signatures on all escrow and loan documents. Collect any funds due from Buyer and/or Seller
Record applicable documents with the County Recorder's office.
Close file. Prepare final statements. Disburse funds.
Forward final documents to all interested parties - Buyer, Seller, Real Estate Agents, Lender, Broker, Attorney, etc.
Notify Escrow with name of new lender and loan officer.
Send title report to lender.
Notification of final loan approval. Are repairs complete?
Deliver Seller & Buyer Closing Disclosures. Buyers’ consummation 3-6 days.
Loan documents delivered to escrow.
Return loan documents for final approval to fund and record.
Order loan funds.