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Quyona Moreno 9889 NW Hoga Ave Home Book

Page 1


Subject Property

County Name: Multnomah

APN / Parcel Number: R297582

Current Ownership: Amber Reed & John Brandts

Site Address: 9889 NW Hoge Ave, Portland OR 97231

Mail Address: 9889 NW Hoge Ave, Portland OR 97231 *Owner Occupied

Tract / Subdivision: / Waldemere

Census Tract / Block: 004300 / 1042

Lot / Block: 4 / 4

Twn / Rng / Sec / Qtr: 01N / 01W / 02 / SW

Brief Legal Description: WALDEMERE, BLOCK 4, LOT 4

Sale Information

Sale Recording Date: 02/15/2019 Title Company:

Property Details

Sale Price: $510,000 Document #: 2019017861 Cost/SqFt: $177.08 Vesting:

Purchase Loan:

Property Characteristics

Buyer Name(s): Amber Reed and John Brandts

Property Type: Single Family Residential Land Use: Single-Family, Residential, Improved Building Type: 1 Sty W/Attic & BsmtZoning: Portland-R7 -

Beds: 3 Basement: 952 SqFt / 952 unfin

1 Baths: 1 Pool: Buildings: 1 Rooms: Ext / Roof: Asbestos shingle / Composition ShingleHeat/AC: Y Stories: 1 Condition: Good Fireplace: Y Garage: Foundation: View:

School District: Portland School District

Watershed: Columbia Slough-Willamette River

Assessment & Tax Info

APN: R297582

GENERALINFORMATION

Property Status AActive

Property Type RPResidential

Legal Description WALDEMERE,BLOCK4,LOT4

Alternate Account Number R873001100

Neighborhood RB4148 Linnton Map Number 1N1W02CC-04500

Property Use B-RESIDENTIALIMPROVED

LevyCodeArea 001

OWNERINFORMATION

Owner Name REED,AMBER&BRANDTS,JOHN

Mailing Address 9889NWHOGEAVEPORTLAND,OR97231

RELATEDPROPERTIES

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 -

IMPROVEMENTS ? Expand/Collapse All LANDSEGMENTS

TAXSUMMARY

Eìective Date: 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.

Subject Property

County Name: Multnomah

APN / Parcel Number: R297581

Current Ownership: Amber Reed & John Brandts

Site Address: 9889 S/ NW Hoge Ave, Portland OR 97231

Mail Address: 9889 NW Hoge Ave, Portland OR 97231

*Owner Occupied

Tract / Subdivision: / Waldemere

Census Tract / Block: 004300 / 1042

Lot / Block: 3 / 4

Twn / Rng / Sec / Qtr: 01N / 01W / 02 / SW

Brief Legal Description: WALDEMERE, BLOCK 4, LOT 3

Sale Information

Sale Recording Date: 02/20/2019

Property Characteristics

Assessment & Tax Info

Property Details

CHICAGO

Buyer Name(s): Amber Reed and John Brandts

APN: R297581

GENERALINFORMATION

Property Status AActive

Property Type RPResidential

Legal Description WALDEMERE,BLOCK4,LOT3

Alternate Account Number R873001080

Neighborhood RB4148 Linnton Map Number 1N1W02CC-04400

Property Use A-VACANTLAND

LevyCodeArea 001

OWNERINFORMATION

Owner Name REED,AMBER&BRANDTS,JOHN

Mailing Address 9889NWHOGEAVEPORTLAND,OR97231

RELATEDPROPERTIES

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 MessageLANDSEGMENTS

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.

Area Schools

Assigned School

Primary School: Skyline Elementary School

Middle School: Skyline Elementary School

High School: Lincoln High School

Primary School

1. Skyline Elementary School

Address: 11536 Nw Skyline Blvd District: Portland Sd 1J

Charter: No

Title 1 Elig: 2-No

2. Lincoln High School

Distance: 3.75 mile(s)

Type: 1-Regular school

Students: 218

Title 1: 6-Not a Title I school Grade Levels: Kindergarten - 8th Grade

Male / Female: 114 / 103 Distance: 6.72 mile(s)

Address: 1750 Sw Salmon St. District: Portland Sd 1J

Charter: No

Title 1 Elig: 2-No

Male / Female: 819 / 733

Type: 1-Regular school

Students: 1,579

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

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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