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.
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?