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Shea Steel 1310 SE 14th Ave Unit #3 Home Book

Page 1


Subject Property

County Name: Multnomah

APN / Parcel Number: R608268

Current Ownership: Brett Crawford

Site Address: 1310 SE 14th Ave, Unit #3, Portland OR 97214

Mail Address: 5 Scenic Dr, Ashland OR 97520 *Absentee Owner

Tract / Subdivision: / Thirteen-10 Condominiums

Census Tract / Block: 001101 / 2025

Lot / Block: 3

Twn / Rng / Sec / Qtr: 01S / 01E / 02 / NW

Brief Legal Description: THIRTEEN-10 CONDOMINIUMS, LOT 3

Sale Information

Sale Recording Date:

Property Details

Title Company:

Sale Price: Document #:

Cost/SqFt: Vesting:

Purchase Loan: Buyer Name(s):

Property Characteristics

Total SqFt: 587

Baths: 1

Rooms: Ext / Roof: / Built-up Heat/AC: Y Stories: 1 Condition: Excellent Fireplace:

Garage: Foundation: View: School District: PORTLAND

Watershed: Columbia Slough-Willamette River Assessment &

APN: R608268

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: R608268

Parcel ID: R608268

SiteAddress: 1310 SE 14thAve, Unit #3

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: R608268

SiteAddress: 1310 SE 14thAve, Unit #3

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 2024AssessedValue R608268 CRAWFORD,BRETT 1310SE14THAVE,UNIT#3,PORTLAND,OR97214 $206,670

GENERALINFORMATION

Property Status AActive

Property Type RPResidential

Legal Description THIRTEEN-10CONDOMINIUMS,LOT3

Alternate Account Number R830010150

Neighborhood RW410 Laurelhurst - Abernathy Map Number 1S1E02AC-60003

Property Use W-RESIDENTIALCONDO

LevyCodeArea 201

OWNERINFORMATION

Owner Name CRAWFORD,BRETT

Mailing Address 5SCENICDRASHLAND,OR97520

RELATEDPROPERTIES

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

Linked Properties R608265

Property Group ID -

Grouped Properties -

Split / Merge Date -

Split / Merge Accounts -

Split / Merge Message -

IMPROVEMENTS ? Expand/Collapse All

ASSESSEDVALUES

5938722 11-19-2009 $1,180.65 2008 5689442 9-16-2009 $1,883.94 2008 5581487 11-19-2008 $923.51

Breakdown

Age Distribution

Area Schools

Assigned School

Primary School: Buckman Elementary School

Middle School: Hosford Middle School

High School: Cleveland High School

Primary School

Buckman Elementary School 1

Middle School

Hosford Middle School 2

High School

Cleveland High School 3

Other School

1. Buckman Elementary School

Address: 320 Se 16Th Ave District: Portland Sd 1J

Charter: No Magnet:

Title 1 Elig: 2-No

2. Hosford Middle School

Title 1: 6-Not a Title I school

Distance: 0.49 mile(s)

Type: 1-Regular school

Students: 371

Levels: Kindergarten - 5th Grade

Male / Female: 160 / 206 Distance: 0.86 mile(s)

Address: 2303 Se 28Th Pl District: Portland Sd 1J Type: 1-Regular school

Charter: No

Title 1 Elig: 2-No

Male / Female: 283 / 221

3. Cleveland High School

Title 1: 6-Not a Title I school

Students: 517

Levels: 6th Grade - 8th Grade

1.19 mile(s)

Address: 3400 Se 26Th Ave District: Portland Sd 1J Type: 1-Regular school

Charter: No

Title 1 Elig: 2-No

Male / Female: 772 / 663

Students: 1,472

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

CC&Rs: Thirteen—10 Condominiums

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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