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Julie Hoem 1645 SW Joshua St Home Book

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Subject Property 1645 SW Joshua St, Portland OR 97219

County Name: Multnomah

APN / Parcel Number: R567866

Current Ownership: Christopher & Terrie Sheik

Site Address: 1645 SW Joshua St, Portland OR 97219

Mail Address: 1645 SW Joshua St, Portland OR 97219 *Owner Occupied

Tract / Subdivision: / Spencer Meadows

Census Tract / Block: 006402 / 4024

Lot / Block: 4

Twn / Rng / Sec / Qtr: 01S / 01E / 33 / SW

Brief Legal Description: SPENCER MEADOWS, LOT 4

Sale Information

Sale Recording Date: 06/02/2016

Property Characteristics

Property Details

APN: R567866

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: R567866
Sentry Dynamics, Inc
its
Shea

Parcel ID: R567866

SiteAddress: 1645 SW Joshua St

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: R567866

SiteAddress: 1645 SW Joshua St

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

Property Owner Property Address

R567866 SHEIK,CHRISTOPHER G & SHEIK,TERRIE T 1645 SW JOSHUA ST, PORTLAND, OR 97219 $512,970

Property Page: Property Details

GENERAL INFORMATION

Property Status A Active

Property Type RP Residential

Legal Description SPENCER MEADOWS, LOT 4

Alternate Account Number R784480200

Neighborhood RB6123 Lake Oswego Map Number 1S1E33CA -04404

Property Use B - RESIDENTIAL IMPROVED

Levy Code Area 001

OWNER INFORMATION

Owner Name SHEIK,CHRISTOPHER G & SHEIK,TERRIE T

Mailing Address 1645 SW JOSHUA ST PORTLAND, OR 97219

RELATED PROPERTIES

Split/Merge data prior to February 6, 2018 is not available online, please call Multnomah County Assessment & Taxation division.

Linked Properties -

Property Group ID -

Grouped Properties -

Split / Merge Date -

Split / Merge Accounts -

Split / Merge Message -

ASSESSED VALUES

If applicable, the described property is receiving special valuation based upon its use. Additional rollback taxes which may become due based on the provisions of the special valuation are not indicated in this listing.

Age Distribution

Area Schools

Assigned School

Primary School: Stephenson Elementary School

Middle School: Jackson Middle School

High School: Ida B. Wells-Barnett High School

Primary School

Stephenson Elementary School 1

Middle School

Jackson Middle School 2

High School

Ida B Wells-Barnett High School 3

1. Stephenson Elementary School

Address: 2627 Sw Stephenson St District: Portland Sd 1J

Charter: No Magnet:

Title 1 Elig: 2-No

Male / Female: 155 / 154

2. Jackson Middle School

Title 1: 6-Not a Title I school

Address: 10625 Sw 35Th District: Portland Sd 1J

Charter: No Magnet:

Title 1 Elig: 2-No

3. Ida B. Wells-Barnett High School

Title 1: 6-Not a Title I school

Distance: 0.49 mile(s)

Type: 1-Regular school

Students: 310

Grade Levels: Kindergarten - 5th Grade

Distance: 1.19 mile(s)

Type: 1-Regular school

Students: 710

Grade Levels: 6th Grade - 8th Grade

Male / Female: 367 / 332 Distance: 2.70 mile(s)

Address: 1151 Sw Vermont St District: Portland Sd 1J

Charter: No

Title 1 Elig: 2-No

Male / Female: 869 / 750

Title 1: 6-Not a Title I school

Type: 1-Regular school

Students: 1,650

Grade Levels: 9th Grade - 12th Grade

Scan QR Code for CC&Rs

CC&Rs: Spencer Meadows

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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