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Doug Landers 6504 SE Reedway St Home book

Page 1


Subject Property

County Name: Multnomah

APN / Parcel Number: R290297

Current Ownership: Tylor & Elizabeth Declue

#A,

Site Address: 6504 SE Reedway St, Unit #A, Portland OR 97206

Mail Address: 6504 SE Reedway St Unit A, Portland OR 97206 *Owner Occupied

Tract / Subdivision: / Tremont Pl

Census Tract / Block: 000501 / 3009

Lot / Block: 30 / 34

Twn / Rng / Sec / Qtr: 01S / 02E / 17 / SW

Brief Legal Description: TREMONT PL, BLOCK 34, LOT 30

Sale Information

Sale Recording Date:

Property Characteristics

APN: R290297

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: R290297
Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy
report 07/30/2026 Prepared by:Tracy Shea

Parcel ID: R290297

SiteAddress: 6504 SE Reedway St, Unit #A

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

Breakdown

Age Distribution

Area Schools

Assigned School

Primary School: Arleta Elementary School

Middle School: Kellogg Middle School

High School: Franklin High School

Primary School

Arleta Elementary School 1

Middle School Kellogg Middle School 2

High School Franklin High School 3

1. Arleta Elementary School

Address: 5109 Se 66Th Ave District: Portland Sd 1J

Charter: No

Title 1 Elig: 2-No

Male / Female: 135 / 136

2. Kellogg Middle School

0.32 mile(s)

Type: 1-Regular school

Students: 274

Title 1: 6-Not a Title I school Grade Levels: Kindergarten - 5th Grade

Address: 3330 Se 69Th District: Portland Sd 1J

1.18 mile(s)

Type: 1-Regular school

Charter: No Magnet: Students: 677

Title 1 Elig: 1-Yes

Male / Female: 340 / 325

3. Franklin High School

Title 1: 2-Title I targeted assistance school

Address: 5405 Se Woodward St District: Portland Sd 1J

Charter: No

Title 1 Elig: 2-No

Male / Female: 928 / 832

Levels: 6th Grade - 8th Grade

1.51 mile(s)

Type: 1-Regular school

Students: 1,811

Title 1: 6-Not a Title I school Grade Levels: 9th Grade - 12th Grade

This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

STEPS IN A REAL ESTATE TRANSACTION

1

What is an Escrow?

THE LISTING AGREEMENT

The property owner (Seller) initiates a contract, or a listing agreement, with a licensed Real Estate Agent.

2

THE SALE

Property owner (Seller) enters into a purchase contract, typically referred to as an Earnest Money Agreement, with a Buyer.

3

ESCROW

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.

FROM PENDING TO SOLD

™

ESCROW FLOW CHART

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.

NEW LOAN

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.

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