2073 SE Kane Ave, Gresham -HP

Page 1


PROPERTY ADDRESS

2073SEKANEAVE

GRESHAM,OR97080

OWNER NAME: VESTING:

MAILING ADDRESS:

OWNER STATUS: CristinaParras&IsaiahTeeny

2073SEKaneAveGreshamOR97080

Owneroccupied

COUNTY: Multnomah

CENSUS / BLOCK: 010408/2008

TSP - RNG - SEC: 01S-03E-14

LOT / BLOCK: 11/4

HOUSING TRACT: Windwood

ALT PARCEL #: R922201600

SCHOOL DISTRICT: Gresham-BarlowSchoolDistrict

MUNICIPALITY: Gresham PARCEL #: R310454

DATE: 09/30/2021

SALE PRICE: $450,000

DOCUMENT #: 147031

DATE:

SALE PRICE:

DOCUMENT #: DOC TYPE: WarrantyDeed DOC TYPE:

SQUARE FOOT $: $207.56

LENDER:

LENDER: UMPQUABANK LOAN: LOAN: $250,000 LOAN TYPE:

LOAN TYPE: NewConv LOAN TERM: 360M

GROSS AREA: 2,284

LIVING AREA: 2,284

ABOVE GRADE:

BEDROOMS: 4

BATHROOMS (F/H): 3/0

FIREPLACE: 1|Electric

YEAR BUILT: 1983

PARKING TYPE: AttachedGarage

UNITS: 1

BASEMENT:

GARAGE AREA: 528

ROOF SHAPE:

FOUNDATION:

ROOF MATERIAL: Composition

CONSTRUCTIONS:

HEAT TYPE: ForcedAir

COOLING TYPE: CentralAir

EXTERIOR WALL: Wood

ROOMS:

QUALITY: Excellent

INTERIOR WALL:

PORCH TYPE:

PATIO TYPE: Patio

AIR COND: Y

FIXTURES:

FLOOR: EQUIPMENT:

STORIES: 1

POOL:

CONDITION: Excellent

LAND USE: Single-Family,Residential,Imp

ZONING: LowDensityResidential

COUNTY USE: ResidentialImproved LOT ACRES: 0.19 STATE USE: LOT SQ FT: 8,463 LEN / WID:

ASSD YEAR: 2025

ASSD VALUE: $275,290

TAXABLE VAL:

TAX YEAR: 2025

LAND VALUE: $227,600

MKT VALUE: $523,550

TAX AREA: 026

IMP VALUE: $295,950

EXEMPTIONS:

PROPERTY TAX: $5,602.02

IMPROVED %: 57

DISTRICT:

DEMOGRAPHICS

PROPERTY ADDRESS

ASSESSORMAP

STREET

AERIALMAP

CITY Y BOUNDARY Y MAP P

SCHOOLS

ELEMENTARY SCHOOLS

NAME: HoganCedarsElementarySchool

ADDRESS: 1770SeFlemingAve

CITY, STATE, ZIP: Gresham,OR97080

PHONE: (503)261-4500

GRADES: Kindergarten-5thGrade

NAME: KellyCreekElementarySchool

ADDRESS: 2400SeBakerWay

CITY, STATE, ZIP: Gresham,OR97080

PHONE: (503)663-7483

Kindergarten-5thGrade

MIDDLE SCHOOLS

NAME: GordonRussellMiddleSchool

ADDRESS: 3625SePowellValleyRd

CITY, STATE, ZIP: Gresham,OR97080

PHONE: (503)667-6900

GRADES: 6thGrade-8thGrade

NAME: WestOrientMiddleSchool

ADDRESS: 29805SeOrientDr

CITY, STATE, ZIP: Gresham,OR97080

CHARTER SCHOOL: No

CHARTER SCHOOL: No

CHARTER SCHOOL: No

CHARTER SCHOOL: No

21-Suburb:Large PHONE: (503)663-3323

GRADES: 6thGrade-8thGrade

HIGH SCHOOLS

NAME: SpringwaterTrailHighSchool

ADDRESS: 1440SeFlemingAve

CITY, STATE, ZIP: Gresham,OR97080

2.27mile(s)

CHARTER SCHOOL: No

21-Suburb:Large PHONE: (503)261-4600

GRADES: 9thGrade-12thGrade

NAME: SamBarlowHighSchool

ADDRESS: 5105Se302NdAve

CHARTER SCHOOL: No

SCHOOL: CITY, STATE, ZIP: Gresham,OR97080

PHONE: (503)258-4850 DISTANCE: 2.25mile(s)

GRADES: 9thGrade-12thGrade

2-No

Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2019-20 finishing in 2023-24 .

State Goals

Students

District Goals

The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.

Our district strives to produce culturally responsive graduates who will thrive in an ever changing global community. We focus on providing high-quality instruction to each student in our district while providing a physically and emotionally safe and culturally responsive learning environment that gives students and families voice. We use our resources wisely and apply an equity lens in all decision making. We empower and inspire each student.

TO GRADUATE

Safe & Welcoming Environment

We celebrate the diversity of our families, our staff, the rich language, and the cultural assets each person brings to our District. We honor and uphold the right to freedom of speech and expect individuals to exercise that right responsibly. The District will be steadfast in providing a safe and welcoming environment for ALL.

State Goals

The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.

School Goals

Utilize Culturally Responsive Teaching Practices in order to respect and meet the needs of each student.

Increase engagement of all students in rigorous, relevant, and productive learning experiences through strong instruction in order for each and every student to become an independent learner.Promote students’ mindful attention to oneself and others, acceptance of differences, and development of a strong sense of community within the classroom and school.

MATHEMATICS

ENGLISH LANGUAGE ARTS

About Our School

COMMUNITY ENGAGEMENT

The Right Brain Initiative and the Artist in Residency program

High School Cadet Teachers

Community Care Day with local church community

Fun Run community support

Strong Parent Teacher Student Organization (PTSO)

PARENT

ENGAGEMENT

Parent group sponsored events:

Fall & Spring Evening Events

Sunrise Social Curricular events:Reading Night and Math Night

A Night Around the World

EXTRACURRICULAR ACTIVITIES

· Hawk Runners (K-5 students run the track during recesses)

· 5th Grade Leadership Opportunities

· Green Team (Recycling, Reusing, Reducing, and Composting)

· Classroom Buddies: mentoring of younger students with older students

BULLYING, HARASSMENT, AND SAFETY POLICIES

We strive for our school to be free from discrimination, safe and healthy. Each student is entitled to come to school in an environment in which learning is valued and disruptions are minimized. Our discipline philosophy is designed to produce behavioral changes that will enable students to develop the self discipline necessary to remain in school and to function successfully in their educational and social environments. Lessons in regard to prevention of, and appropriate response to, acts of harassment or bullying are taught within our school and all entities are encouraged to report any bullying and harassment to school officials.

Safe & Welcoming Environment

We celebrate the diversity of our families, our staff, the rich language, and the cultural assets each person brings to our District. We honor and uphold the right to freedom of speech and expect individuals to exercise that right responsibly. The District will be steadfast in providing a safe and welcoming environment for ALL.

State Goals

The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.

School Goals "At West Orient, we are preparing all students to be socially, emotionally, and academically prepared to reach their fullest potential. All staff will create a welcoming and engaging school culture and climate. Staff will focus on care and connection. Positive behavior intervention supports will be utilized to address the needs of all students as well as implementation of a school-wide advisory program. Educators will implement district scope and sequence and common assessments, and participate in professional learning teams using data to improve student outcomes.

MATHEMATICS

ENGLISH LANGUAGE ARTS

About Our School

COMMUNITY ENGAGEMENT

Our Parent Association coordinates volunteer opportunities for families to support students and staff through fundraising, recognitions, and during-theday volunteer activities in the school and classrooms. Kindness Challengepromotes acts of kindness within our school community. Many local partners and volunteers work hard to make this event a success.

PARENT ENGAGEMENT

Our school hosts a variety of events for attendance by families and the community. We also partner with local businesses to create opportunities for students. Please see our school website for specific information about our various activities. Two-way communication and active engagement is key. We have community liaisons to support Spanish and Russian families. In addition, we access telephonic language interpretation and schedule outside interpreters as needed to support families from all other language backgrounds.

EXTRACURRICULAR ACTIVITIES

OST Out of school time, provides enrichment.School district-sponsored Volleyball, Track and Field, BasketballStudent offerings Band and TechnologyJournalism/yearbook programSTEAM Class Offerings at all grade levelsAVID ClassesEPIC and Strategies for Success Class Offerings

BULLYING, HARASSMENT, AND SAFETY POLICIES

We strive for our school to be free from discrimination, safe and healthy. Each student is entitled to come to school in an environment in which learning is valued and disruptions are minimized. Our discipline philosophy is designed to produce behavioral changes that will enable students to develop the self discipline necessary to remain in school and to function successfully in their educational and social environments. Lessons in regard to prevention of, and appropriate response to, acts of harassment or bullying are taught within our school and all entities are encouraged to report any bullying and harassment to school officials.

Students

COLLEGE GOING

Students enrolling in a two or four year college within 12 months of completing high school in 202223 . Data from the National Student Clearinghouse.

Decrease from previous year 9%

Oregon average 55%

Welcoming Environment

&

Safe

We celebrate the diversity of our families, our staff, the rich language, and the cultural assets each person brings to our District. We honor and uphold the right to freedom of speech and expect individuals to exercise that right responsibly. The District will be steadfast in providing a safe and welcoming environment for ALL.

Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2019-20 finishing in 2023-24

Increase from previous year 1% Oregon average 87%

State Goals

first-time ninth graders in 2020-21 graduating in 2023-24

School Goals

The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.

We strive for excellence at Sam Barlow High School and set aggressive goals as a school. We work hard to provide a well rounded comprehensive high school experience that addresses the needs of all students. To measure our success, we are working to reach a graduation rate to 90%, increase the number of freshmen that are on-track to graduate to 90% and a school attendance rate of 90%.

TO GRADUATE

About Our School

PARENT & COMMUNITY ENGAGEMENT

Our school hosts a variety of events for attendance by families and the community. We also partner with local businesses to create opportunities for students. Please see our school website for specific information about our various activities. Two-way communication and active engagement is key. We have community liaisons that support Spanish and Russian families. In addition, we access telephonic language interpretation and schedule outside interpreters as needed to support families from all other language backgrounds

EXTRACURRICULAR ACTIVITIES

We offer 19 OSAA sanctioned athletic programs, 7 OSAA sanctioned activity programs, and 20 student clubs which are all designed to engage students, promote long term success, and provide all students the opportunity to represent their school community in a positive setting.

CAREER & TECHNICAL EDUCATION

"Our students have the opportunity of enrolling in a variety of CTE courses where students can get hands on experiences in high wage, high demand fields, and earn college credits. Sam Barlow has eight programs of study in our CTE department: Computer Science Early Childhood Education Engineering Technology Hospitality and Tourism/Culinary Manufacturing Technology Media Arts Marketing Construction Technology"

ADVANCED COURSEWORK

"Our school offers 11 AP courses to include: Biology, Chemistry, Language and Composition, Literature, US History, European History, Human Geography, Macroeconomics, Calculus A/B and B/C, and AP Statistics. We also offer 27 dual-enrollment courses through Mount Hood Community College, Western Oregon University, and Oregon Institute of Technology."

CI TY Y OF F G RE SHAM M

105,594$43,44233.649%51%

Gresham is a city located in Multnomah County, immediately east of Portland. Though it began as a settlement in the mid-1800s, it was not officially incorporated as a city until 1905; it was named afterWalter Quinton Gresham, theAmerican Civil Wargeneral andUnited States Postmaster General.

SCHOOL DISTRICTS SCH

HOUSING

52.36% of homes owner occupied

47.64% of homes rented

AGE DEMOGRAPHIC

21.1% under age 18

10.3% between ages 18 to 24

34.7% between ages 25 to 44

22.4% between ages 45 to 64

11.6% above age 65

CITY QUICK FACTS

4th largest city in Oregon

POPULATION DENSITY

4,551.5 inhabitants per sq. mile

14,015 housing units at an average density of 1,767.9 per square mile

23.43 square miles 12 miles from downtown Portland 325 feet elevation Highest Average Temperature 82 Lowest Average Temperature 34 Centennial Gresham Barlow Reynolds

HISTORY

The city's early economy was sustained largely by farming, and by the mid-20th century the city experienced a population boom, growing from 4,000 residents to over 10,000 between 1960 and 1970. The population was 105,594 at the2010 census, making Gresham the fourth largest city in Oregon.

ME TRO O AREA A BASE E MAP P

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

LOCAL BUSINESSES

GRESHAM M UTILITIES S

Emergency Police/Medical/Fire 911

Poison Control (800) 222-1222

www.aapcc.org

United States Postal Service (800) 275-8777 www.usps.com

Xfinity (800) 266-2278

www.xfinity.com

Ziply Fiber (866) 699-4759 www.ziplyfiber.com

Verizon (800) 483-4100 www.verizon.com

AT&T (800) 288-2020 www.att.com

CenturyLink (866) 963-6665

www.centurylink.com

Dish Network (800) 318-0572

www.dish.com

DIRECT TV (800) 531-5000 www.directtv.com

The Oregonian (503) 221-8240

www.oregonlive.com

TRI-MET (503) 238-7433 www.trimet.org

Northwest Natural Gas (800) 422-4012 www.nwnatural.com

Portland General Electric (503) 228-6322

www.portlandgeneral.com

City of Gresham Sewer Provider (503) 618-2373

www.greshamoregon.gov/utilities

City of Gresham Water Provider (503) 618-2373

www.greshamoregon.gov/utilities

Arrow Sanitary (503) 257-3993

www.arrowsanitaryservice.com

Gresham/Barlow School District (503) 261-4550

www.gresham.k12.or.us

CHANGEOFADDRESS

USPS

Belowisthewebsiteifyouwouldliketochangeyouraddressonlineoryoucanvisityour localpostoffice,theywillprovideyouwiththechangeofaddresspacket. https://moversguide.usps.com

Benefitsyouwillreceivewhenyouchangeyouraddressonlineare:

Exclusivemoversavingscoupons

Safeandsecurewithidentityverificationbyasimple$1.00chargetoyourcreditordebit card

Emailconfirmationattheendofregistrationofyourchangeofaddress

*Musthavevalidemailaddressandcreditcardtoregisteronline.

AUTOREGISTRATIONANDDRIVERLICENSING

Belowisthewebsiteifyouwouldliketochangeyouraddressonlineoryoucanvisityour localDMVoffice.

OregonDepartmentofTransportation DMVServices 1905LanaAvenueNE Salem,OR97314-0100 www.oregondmv.com/oregon/index.htm

GeneralDMVInformationContact: 503-299-9999

VOTERSREGISTRTION

TOREGISTERTOVOTE,YOUMUSTBE:

AcitizenoftheUSA

AresidentofOregon

ALegalResidentofOregonStateatleast18yearsofageonorbeforethenextelection.

HOWTOREGISTER

ToregistertovoteonlineyouwillneedanOregondriver'slicense,permitorIDcard numberissuedbytheOregonDriverandMotorVehicleServicesDivision(DMV).

IfyoudonothaveanOregondriver'slicense,permitorIDcard,youcanstillusetheonline voterregistrationapplication.Theinformationyouenterwilldisplayonavoterregistration card(PDFdocument)thatyouwillneedtoprint,signanddelivertoyourcountyelections officetocompleteyourregistration.

REGISTRATIONDEADLINE

Anewregistrantmustsubmittheironlineregistrationby11:59:59p.m.PacificTimeonthe 21stcalendardaybeforeanelectiontobeeligibletovoteinthatelection.

CHANGEOFADDRESS

Ifyoumovetoanewcounty,youmustcompleteanewvoterregistration,otherwiseyou mustrequestatransferofyourregistration.

ClackamasCountyVoterRegistration:503-655-8510

MultnomahCountyVoterRegistration:503-988-3720

WashingtonCountyVoterRegistration:503-846-5800

MOVINGCHECKLIST

UTILITIES

Electric

NWNaturalGas WaterDistrict

SewerDistrict

GarbageProvider

Cable/Satellite Fuel(Propane)

PhoneServices

Internet

FINANCIAL

BanksandCreditUnions

CreditCardCompanies (includingdepartmentstorecreditcards)

Lenders

(Mortgage,HomeEquity,Auto,StudentLoans) InsuranceCompanies

(Health,Renters,Auto,Home,Medical,Dental,Disability,Life)

Retirement (Pensionplans,401K,SocialSecurity,VeteransAffairs)

Investments (InvestmentAgenciesandBrokers)

OnlineBillPayer Paypal

GOVERNMENT

USPostOffice

DepartmentofMotorVehicles

(Obtainyourdriver’slicenseandchangevehicleregistration)

IRS PassportOffice

VeteranAffairs UnemploymentOffice (Ifyouarecurrentlyreceivingunemploymentbenefits)

HEALTH

Physician Pharmacies

SERVICEPROVIDER

Childcare HousecleaningServices DeliveryServices LawnCareServices Veterinarian PoolService

MEMBERSHIPS

HealthClubs

MembershipClubs (AAAorsimilar) CommunityGroups (PTA,NeighborhoodAssociations,CivicClubs) Children’sExtracurricular Activities (DanceClasses,MusicLesson,SportsClubs)

SUBSCRIPTIONS

Newspapers

Magazine (USPSwillonlyforward2months)

MovieSubscriptions

BookorMusicClubs

OTHER

FriendsandFamily Employers (typicallynotifytheHRDepartment)

MOVINGCHECKLIST

8WEEKBEFOREYOUMOVE

InventorySheets:Createaninventorysheetofallyour belongingswhichneedtobemoved

ResearchMovingOptions:You’llneedtodecideifyoursisa do-it-yourselfmoveorifyou’llbeusingamovingcompany.

RequestMovingQuote:Solicitmovingquotesfromasmany movingcompaniesandmoversaspossible.Therecanbea largedifferencebetweenratesandserviceswithinmoving companies.

DiscardUnnecessaryItems:Movingisagreattimefor riddingyourselfofunnecessaryitems.Haveayardsaleor donateunnecessaryitemstocharity.

PackingMaterial:Gathermovingboxesandpacking materialforyourmove.

ContactInsuranceCompanies:You’llneedtocontactyour insuranceagenttocancel/transferyourinsurancepolicy.

1

1WEEKBEFOREYOUMOVE

1 WEEK

Your USPS Office

YourChangeofAddress:Changeyouraddresswiththe USPS,DMV,FinancialInstitutions,Utilities,Government Offices,HealthCareServiceProviders,Memberships, SubscriptionsandInsuranceProvisions.

BankAccounts:Transferorclosebankaccountsifchanging banks.Makesuretohaveamoneyorderforpayingthe movingcompany.

ServiceAutomobiles:Ifautomobilesaretobedrivenlong distance,you’llwanttohavethemservicedsoyouhavea trouble-freedrive.

CancelServices:Notifyanyremainingserviceproviders (newspapers,lawnservices,etc.)ofyourmove.

TravelItems:Setasideallitemsyou’llneedwhiletraveling. Makesurethesearenotpackedonthemovingtruck..

ContactUtilityCompanies:Setutilityturnoffdate,seek refundsanddepositsandnotifythemofyournewaddress.

4 WEEK BEFO

4WEEKBEFOREYOUMOVE

Start Packin location

4

StartPacking:Beginpackingallthingsdestinedforyournew location.

Obtain You dentist and retaining an records or m

ObtainYourMedicalRecords:Contactyourdoctor,physician, dentistandothermedicalspecialistswhomaycurrentlybe retaininganyofyourfamily’smedicalrecords.Obtainthese recordsormakeplansforthemtobedeliveredtoyournew medicalfacilitiesifchanging.Securityiscriticalofpersonal records.

NoteFoodInventoryLevels:Checkyourcupboards, refrigeratorandfreezer.Useupasmuchofyourperishable foodaspossible.

SmallEngines:Servicesmallenginesforyourmoveby extractinggasandoilfromthemachines.Thiswillreduce thatchancetocatchfireduringyourmove.

ProtectJewelryandValuables:Transferyourjewelryand valuablestoasafetydepositbox;youdon’twantthemtobe lostorstolenduringyourmove.

BorrowedandRentedItems:Returnitemsthatyoumay haveborrowedorrented.Collectitemsborrowedtoothers.

*

MOVINGDAY

MOVING DA

Plan Your the house

Someone

PlanYourItinerary:Makeplanstospendtheentiredayat thehouseoratleastuntilthemoversareontheirway. Someonewillneedtobearoundtomakedecisions.Make plansforkidsandpetstobeatasittersfortheday.

ReviewtheHouse:Oncethehouseisempty,checkthe entirehouse(closets,attic,basement,etc.)toensureno itemsareleftornohomeissuesexist.

DoubleCheckWithYourMover:Ensurethemoverhasthe newpropertyaddressandallofyourmostrecentcontact information,shouldtheyhaveanyquestionsduringyour move.

VacateYourHome:Makesureutilitiesareoff,doorsand windowsarelockedandnotifyyourrealestateagentyou’ve vacatedtheproperty.

QuestionsToAsk:Whereisthegaragedooropener?Where arethekeystothehouse,mailboxandotherlockablearea? Didyouretrieveallkeysfromneighborsandfriends?

THEHOMEDEPOT

(800)466-3337 www.homedepot.com

Beaverton (503)469-4242 4401SW110thAve. Beaverton,OR97005

S.Beaverton (503)646-1525 13700NWSciencePk.Dr. Portland97229

Clackamas (503)774-6372 9300SE82ndAve. HappyValley,OR97086

Hillsboro (503)693-9090 1950SEMinterBridgeRd. Hillsboro97123

JantzenBeach (503)289-9200 1728NTomahawkIslandDr. Portland97217

OregonCity (503)723-3181 2002WashingtonSt. OregonCity,OR97045

E.Portland (503)261-8543 10120SEWashingtonSt. Portland97216

NEPortland (503)252-0188 11633NEGlenWidingDr. Portland97220

Sherwood (503)925-8447 20260SWPacificHwy. Sherwood,OR97140

Tigard (503)639-3500 14800SWSequoiaParkway Tigard97224

MOVINGRESOURCES

THEHOMEDEPOTCONTINUED

Troutdale (503)674-3944 25101SEStarkSt. Troutdale,OR97060

LOWES

(800)466-3337 www.lowes.com

Hillsboro (503)844-6200 1951SE24thAve. Hillsboro,OR97123

Milwaukie (503)794-2500 13631SEJohnsonRd. Milwaukie97222

Portland (503)737-3000 1160NHaydenMeadowsDr. Portland97217

Tigard (503)624-2644 12615SW72ndAve. Tigard,OR97223

WoodVillage (503)667-1005 1000NEWoodVillageBlvd. WoodVillage,OR97060

DONATIONFACILITIES

Goodwill (800)741-0186 locator.goodwill.org

TheSalvationArmy (800)958-7825 www.salvationarmyusa.org

ValueVillage (800)958-7825 www.valuevillage.com

MOVINGTRUCKRENTALS

Budget (800)462-8343 www.budgettruck.com

Penske (888)996-5415 www.pensketruckrental.com

Ryder (800)297-9337 www.ryder.com

U-Haul (800)468-4285 www.uhaul.com

STORAGECOMPANIES

NWSelfStorage www.nwselfstorage

PublicStorage (800)906-0879 www.publicstorage.com

Pods (888)309-8967 www.pods.com

TRANSFERSTATIONS Garbage/Recycling

MetroCenter (503)234-3000 www.oregonmetro.gov 6161NW61stAve. Portland,OR97210

MetroSouth (503)234-3000 www.oregonmetro.gov 2001WashingtonSt. OregonCity,OR97045

AIRPORT

PortlandInternationalAirport (877)793-4690 www.flypdx.com

AUTO&DRIVERREGISTRATION

DMV

(503)945-5000 www.odot.state.or.us/dmv/

BUSSERVICE

C-Tran (360)695-0123 www.c-tran.com

Greyhound (800)231-2222 www.greyhound.com

Tri-Met (503)238-7433 www.tri-met.org

CABLETV&INTERNET

Verizon (888)881-8161 www.verizon.com

XFINITY(Comcast) (800)934-6489 www.comcast.com

CITYCONTACT

Banks (503)324-5112 www.cityofbanks.org

Beaverton (503)526-2222 www.ci.beaverton.or.us

Canby (503)266-4021 www.ci.canby.or.us

RESOURCEGUIDE

CITYCONTACTCONTINUED

Cornelius (503)357-9112 www.ci.cornelius.or.us

Damascus (503)658-8545 www.ci.damascus.or.us

Estacada (503)630-8270 www.cityofestacada.org

Fairview (503)665-7929 www.ci.fairview.or.us

ForestGrove (503)359-3200 www.ci.forest-grove.or.us

Gaston (503)985-3340

Gladstone (503)656-5225 www.ci.gladstone.or.us

Gresham (503)661-3000 www.ci.gresham.or.us

HappyValley (503)760-3325 www.ci.happy-valley.or.us

Hillsboro (503)681-6100 www.hillsboro-oregon.gov

KingCity (503)639-4082 www.ci.king-city.or.us

LakeOswego (503)635-0270 www.ci.oswego.or.us

Milwaukie (503)786-7525 www.ci.cityofmilwaukie.org

CITYCONTACTCONTINUED Molalla (503)829-6855 www.cityofmolalla.com

NorthPlains (503)647-5555 www.northplains.org

OregonCity (503)657-0891 www.ci.orcity.or.us

Portland (503)823-4000 www.portlandonline.com

RiverGrove (503)639-6919

Sandy (503)668-5533 www.ci.sandy.or.us

Sherwood (503)625-5522 www.ci.sherwood.or.us

Tigard (503)639-4171 www.ci.tigard.or.us

Troutdale (503)665-5175 www.ci.troutdale.or.us

Tualatin (503)692-2000 www.tualatinoregon.gov

WestLinn (503)657-0331 www.westlinnoregon.gov

Wilsonville (503)682-1011 www.ci.wilsonville.or.us

WoodVillage (503)667-6211 www.ci.wood-village-or.us

COUNTYCONTACTS

Clackamas (503)655-8011 www.co.clackamas.or.us Taxation (503)655-8671

Multnomah (503)248-3511 www.co.clackamas.or.us Taxation (503)988-3326

Washington (503)846-8611 www.co.clackamas.or.us Taxation (503)846-8741

ELECTRICITY

PacificPower (888)2217070 www.pacificpower.net

PortlandGeneral (800)542-8818 www.portlandgeneral.com

HOSPITALS

AdventistMedical (503)257-2500 www.adventisthealthnw.com

DoernbecherChildren’s Hospital (503)494-8311 www.ohsu.edu

LegacyGoodSamaritan (503)413-4683 www.legacyhealth.org

LegacyEmanuel (503)413-2200 www.legacyhealth.org

RESOURCEGUIDE

HOSPITALSCONTINUED

LegacyMeridianPark (503)692-1212 www.legacyhealth.org

LegacyMt.Hood (503)674-1122 www.legacyhealth.org

KaiserPermanenteSunnyside (503)813-2000 www.kaiserpermanente.org

KaiserPermanenteWestside (503)813-2000 www.kaiserpermanente.org

OHSU (503)494-8311 www.ohsu.edu

ProvidenceMilwaukie (503)513-8300 www.providence.org

ProvidencePortland (503)215-1111 www.providence.org

ProvidenceSt.Vincent (503)216-1234 www.providence.org

ProvidenceWillametteFalls (503)656-1631 www.providence.org

Shriner’sHospital (503)241-5090 www.shrinershq.org

TualityCommunity (503)681-1111 www.tuality.org

TualityForestGrove (503)357-2173 www.tuality.org

NATURALGAS

NWNatural (800)422-4012 www.nwnatural.com

NEWSPAPERS

TheColumbian (360)694-3391 www.columbian.com

TheOregonian (503)221-8240 www.oregonlive.com

WillametteWeekly (503)243-2122 www.wweek.com

RECREATION

ConventionCenter (503)235-7575 www.oregoncc.org

ExpoCenter (503)736-5200 www.expocenter.org

Mt.HoodMeadows (503)337-2222 www.mthoodmeadows.com

OMSI (503)797-4000 www.omsi.edu

OregonZoo (503)266-1561 www.oregonzoo.com

PortlandInternational Raceway (503)823-7223 www.portlandraceway.com

PortlandArtMuseum (503)266-2811 www.pam.org

RESOURCEGUIDE

RECREATIONCONTINUED

ProvidencePark (503)553-5400 www.providenceparkpdx.com

RegalCinemas (800)FANDANGO www.regalcinemas.com

ModaCenter (503)797-9619 www.rosequarter.com

WillametteJetboat (503)231-1532 www.willamettejet.com

SHOPPING

BridgeportVillage (503)968-1704 www.bridgeport-village.com

CedarHillsCrossing (503)643-6563 www.cedarhillscrossing.com

ClackamasTownCenter (503)653-6913 www.clackamastowncenter.com

ColumbiaGorgeOutlets (503)669-8060 www.premiumoutlets.com/ columbiagorge

LloydCenter (503)282-2511 www.lloydcenter.com

Mall205 (503)255-5805

PioneerPlace (503)228-5800 www.pioneerplace.com

SHOPPINGCONTINUED

StreetsofTanasbourne (503)533-0561 www.streetsoftanasbourne.com

WashingtonSquare (503)369-8860 www.shopwashingtonsquare.com

WoodburnOutlets (888)664-SHOP www.woodburncompanystores.com

TELEPHONESERVICE

Verizon (800)483-4100 www.verizon.com

AT&T (800)288-2020 www.att.com

TRANSFERSTATIONS

MetroCenter (503)234-3000 www.oregonmetro.gov 6161NW61stAve. Portland,OR

MetroSouth (503)234-3000 www.oregonmetro.gov 2001WashingtonSt. OregonCity,OR

ClackamasCounty (503)668-8885 www.wmnorthwest.com 19600SECanyonValleyRd. Sandy,OR

VOTERREGISTRATION

Clackamas (503)655-8510

Multnomah (503)248-3720

Washington (503)846-5800

WATERBUREAU

Beaverton (503)526-2257

Clackamas (503)722-9220

Gladstone (503)656-5223

Gresham (503)618-2373

Hillsboro (503)681-6228

LakeOswego (503)635-0265

Milwaukie (503)786-7525

OregonCity (503)657-8151

Portland (503)823-7770

Tigard (503)639-1554

Tualatin (503)692-2000

WestLinn (503)656-4261

Wilsonville (503)682-1011

CYBERSECURITY

Becauseofyou…weobsessovercybersecurity!

Cyberfraudandemailhackingareontherise.Fraudstersmayaccessindividualemail accountsandmonitorthelifeofyourtransaction.Atthetimefundsareduetothe escrow,fraudstersintercepttheinformationforwiringfunds,andthefraudsterschange theinformationwithouttheknowledgeofthesenderorrecipient,resultinginthefunds beingsenttoanoutsideaccountandnevercreditedtotheintendedparty.

Toprotectandreduceyourrisk,WFGhasimplementedthefollowingproceduresfor outgoingandincomingwires:

OutgoingWirefromWFGtosellerorborrowerforproceeds Intheescrowpaperworkprovidedyouwillbeaskedtoprovidewritteninstructions onhowyouwantfundsdueyousenttoyouatthecloseofescrow.Ifyouchooseto havethefundssentviawiretransfer,WFGwillcontactyoubyphonetoconfirmthe wireinformationprovided.

IncomingWiresfromthebuyerand/orlendertoWFGbankaccount

ForfundsthataretobewiredtoWFGforyourtransaction,wewillsendspecificwire instructionstotheremittingpersonviaanencryptedemail.Werecommendyou reachouttoyourWFGcontacttoconfirmthewireinstructionspriortoremittance.

Welookforwardtoprocessingyourescrowtransactionforyou.Weknowthatthiscan beastressfultimeandweareheretoassistyouinanywaywecantomakethisagood experience.

http://national.wfgnationaltitle.com/2016/04/05/obsess-cyber-security/

OWNERSTITLEINSURANCE

Whyit'simportant

Financiallyspeaking,thedecisiontobuyahomeisoneofthebiggestdecisionsaperson willlikelyevermake.

Owner’stitleinsuranceinsuresthat,whenthepurchaseisclosed,thebuyeristheownerof andhasmarketabletitletotheproperty,hasaccesstothehome,andtherearenoliens, claims,orrestrictionsonthebuyer’sproperty,otherthanthemortgagethebuyeragreesto pay.

Ifthepreliminarytitlesearchuncoverspotentialproblems,abuyercanrequirethatthose problemsbesatisfactorilydealtwithbeforeclosingonthehome.

Inaddition,owner’stitleinsuranceprotectsbuyersagainstamyriadofrisksthatnoteven themostcarefultitlesearchcanuncover,includingthingssuchforgeddocuments, undisclosedormissingheirsofapreviousowner,fraud,willdisputes,andunrecorded claimsofmanytypes.

Withoutowner’stitleinsurance,thelegalcoststoresolvesuchtitleclaimscouldeasilybein thetensofthousandsofdollarsandwouldhavetobepaidoutofpocketbythebuyer-not tomentionthestressthatsuchsituationswouldcausetothebuyer.

Owner’stitleinsuranceisoneofthemostaffordableinsurancepoliciesapersoncanever buy.Unlikeotherformsofinsurance,thereisonlyaone-timefeeatclosingforthepolicy, whichfinanciallyprotectsthebuyer’sinvestmentforaslongasthebuyerorthebuyer’s heirsownthehome.

So,ifsomeonetellsthebuyerthatowner’stitleinsuranceis“optional”,thatcertainlydoes notmeanthatthebuyershouldnotgetit.Virtuallyeverylenderrequireslender’stitle insurance,butthatinsurancedoesnotprotectthebuyer.

Inordertosafeguardthebuyer’sinvestmentintheproperty,whichispossiblythemost importantinvestmentthebuyerwillevermake,owner’stitleinsuranceisabsolutelycritical.

WHATISESCROW?

UnderstandingtheEscrowProcess

Anescrowisanarrangementinwhichaneutralthirdparty(theescrowagent)assembles andprocessesmanyofthecomponentsofarealestatetransaction,recordsthetransaction, andultimately,disbursesanddistributesfundsaccordingtothebuyers’,sellers’and lenders’instructions.YourtransactionistypicallyclosedbyanEscrowOfficer.People buyingandsellingrealestateusuallyopenanescrowfortheirprotectionandconvenience. Boththebuyerandsellerrelyontheescrowagenttocarryouttheirwritteninstructions relatingtothetransactionandtoadvisethemifanyoftheirinstructionsarenotmutually consistentorcannotbecarriedout.Iftheinstructionsfromallpartiestoanescroware clearlydrafted,theescrowofficercanproceedonbehalfofthebuyerandsellerwithout furtherconsultation.Thissavesmuchtimeandfacilitatestheclosingofthetransaction.

TYPICALROLESINTHECLOSINGPROCESS

TheSeller/Agent

DeliversafullyexecutedPurchaseSale Agreementtotheescrowagent. Executesthepaperworknecessarytoclosethe transaction.

TheBuyer/Agent

Depositscollectedfundsrequiredtoclose(in withtheescrowagent.

Approvesthecommitmentfortitleinsurance,or otheritemsascalledforbythePurchaseSale Agreement.

Executesthepaperworkandloandocuments necessarytoclosethetransaction.

TheLender

Depositsloandocumentstobeexecutedbythe buyer Depositstheloanproceeds. Directstheescrowagentoftheconditions underwhichtheloanfundsmaybeused

TheEscrowAgent

ClearsTitle

Obtainstitleinsurance Obtainspayoffsandreleasedocumentsfor underlyingloansontheproperty Receivesfundsfromthebuyerand/orlender. Preparesvestingdocumentaffidavitonseller’s behalf.

Proratesinsurance,taxes,rents,etc.

Preparesafinalstatement(oftenreferredtoas the“HUDStatement”or”SettlementStatement”) foreachparty,indicatingamountspaidin conjunctionwiththeclosingofyourtransaction. Forwardsdeedtothecountyforrecording. Oncetheproperdocumentshavebeen recorded,theescrowagentwilldistributefunds totheproperparties.

InSummary

Escrowistheprocessthatassemblesandprocesses manyofthecomponentsofarealestatetransaction. Thesaleisofficiallyclosedwhenthenewdeedis recordedandfundsareavailabletotheseller,thus transferringownershipfromthesellertothebuyer. Theescrowagentisaneutralthirdpartyactingon behalfofthebuyerandseller.

WHATISTITLE?

AboutTitleInsurance

Titleisabundleofrightsinrealproperty. Protectingpurchasersandlendersagainstloss isaccomplishedbytheissuanceofatitle insurancepolicy.Usually,duringapurchase transaction,thelenderrequestsapolicy (commonlyreferredtoastheLender’sPolicy) whilethebuyersreceivetheirownpolicy (commonlyreferredtoasanOwner'sPolicy).

Inshort,thepolicystatesthatifthestatusof thetitletoaparcelofrealpropertyisother thanasrepresented,andiftheinsured(either theownerorlender)suffersalossasaresultof atitledefect,theinsurerwillreimbursethe insuredforthatlossandanyrelatedlegal expenses,uptothefaceamountofthepolicy, subjecttoexceptionsandexclusionscontained inthepolicy.

Typicallytherearetwopoliciesissued.The Mortgagee’sPolicyinsuresthelenderfor theamountoftheloan.TheOwner’sPolicy insuresthepurchaserofthepurchaseprice.

Howistitleinsurancedifferentfromothertypes ofinsurance?

Whilethefunctionofmostotherformsof insuranceisriskassumptionthroughthe poolingofrisksforlossesarisingoutof unforeseenfutureevents(suchassicknessor accidents),theprimarypurposeoftitle insuranceistoeliminaterisksandprevent lossescausedbydefectsintitlearisingoutof eventsthathavehappenedinthepast.To achievethisgoal,titleinsurersperforman extensivesearchandexaminationofthepublic recordstodeterminewhetherthereareany adverseclaims(titledefects)attachedtothe subjectproperty.Saiddefects/claimsareeither eliminatedpriortotheissuanceofatitlepolicy

ortheirexistenceisexceptedfromcoverage. Yourpolicyisissuedaftertheclosingofyour newhome,foraone-timenominalfee,andis goodforaslongasyouowntheproperty.

What’sinvolvedinatitlesearch?Atitlesearchis actuallymadeupofthreeseparatesearches:

ChainofTitle–Historyoftheownershipofthe subjectproperty

TaxSearch–Thetaxsearchrevealsthestatusof thetaxesandassessments

JudgmentandNameSearch–Searchesfor judgmentandliensagainsttheowners’and purchasers’names

Oncethethreesearcheshavebeencompleted,the fileisreviewedbyanexaminerwhodetermines:

WhetherornottheChainofTitleshowsthatthe partysellingthepropertyhastherighttodoso. Thestatusoftaxesforthesubjectproperty.The TaxSearchwillalsoindicatetheexistenceofany specialassessmentsagainstthelandand whetherornottheseassessmentsarecurrentor pastdue.

Whetherthereareanyunsatisfiedjudgmentson theJudgmentandNameSearchagainstthe previousowners,sellers,orandpurchasers.

Rightsestablishedbyjudgmentdecrees, unpaidfederalincometaxesandmechanicliensall maybepriorclaimsontheproperty,aheadofthe buyer’sorlender’srights.Thetitlesearchwillonly uncoverdefectsintitlethatareofpublicrecord,thus allowingthetitlecompanytoworkwiththesellerto clearuptheseissuesandprovidethenewbuyer withtitleinsurance.

InSummary

Afterthesearcheshavebeenexamined, thetitlecompanywillissueacommitment, statingtheconditionsunderwhichitwillinsure title.Thebuyer,sellerandthemortgagelender willproceedwiththeclosingofthetransaction afterclearingupanydefectsinthetitlethat havebeenuncoveredbythesearchand examination. .

WHOPAYSWHATINOREGON

SELLERPAYS

TYPICALCOSTS

Thefollowingcostsgenerallyaffectalltransactions:

EscrowFee-one-halfofthefee,basedontitlecompany’s feeschedule

RecordingFees-basedoncountyfeeschedule TitlePremium-basedonfixedstatewidefeeschedule RealEstateCommission-basedonagreementwith Broker

TaxProrate-toapportiontaxesbetweenpartiesasof dateofclosing

GeneralCosts-aslistedforeachspecifictransaction,as requestedbyprincipals

Releasefeesforloanpayoff(s)

LANDSALECONTRACTTRANSACTION

AttorneyFee-optional,andissometimessharedwith purchaser

CollectionEscrowSetupFee-optional,andisoften sharedwithpurchaser

ASSIGNMENTOFCONTRACTFORASSUMPTIONOFLOAN TRANSACTION

Anydelinquentpaymentstobringcontractorloan current

Prorateshareofcurrentmonth’sinterestbasedon currentrate

CONVENTIONAL,FHA,VALOANTRANSACTIONS

Anyclosingcost(notexpensesofpropertyorloan interest)negotiatedonbehalfofthepurchaser,subject tolender’sapproval

FHA,VALoans-checkwithlenderforanyapplicable sellercosts

BUYERPAYS

TYPICALCOSTS

Thefollowingcostsgenerallyaffectalltransactions: EscrowFee-one-halfofthefee,basedontitlecompany’s feeschedule

RecordingFees-basedoncountyfeeschedule FireInsurancePremium-mandatorywhenanylenderis involved,includingtheseller’slender

TaxProrate-toapportiontaxesbetweenpartiesasof dateofclosing

GeneralCosts-aslistedforeachspecifictransaction,as requestedbytheprincipals

LANDSALECONTRACTTRANSACTION

AttorneyFee-optional,andissometimessharedwith seller

CollectionEscrowSetupFee-optional,andissometimes sharedwithseller RecordingFee-forcontractormemorandumthereof

ASSIGNMENTOFCONTRACTFORASSUMPTIONOFLOAN TRANSACTION

AssumptionorAssignment Nextmonthlypaymentdue,ifrequiredbylender RecordingFee-forAssumption/Assignmentof Agreement,ifrequiredbylender

CONVENTIONAL,FHA,VALOANTRANSACTIONS

Lenderstitleinsurancepolicy&endorsements,as requiredbylender

LoanFee-asrequiredbylender CreditReportFee-asrequiredbylender AppraisalFee-asrequiredbylender

MortgageInsurancePremium-basedonfeeschedule andendorsementsoflender

PrepaidInterest-ifrequiredbylender VALoansonly-fundingfee,ifrequiredbylender FHA,VA,andsomeConventionalLoans-reservesforreal propertytaxes,fireinsuranceandmortgageinsurance

DISCLAIMER:Thisflyerisnotintendedtobeanall-inclusivelistoffeesandchargesoneverytransaction,butratheraguidetothemajorcostsofbuyingorselling realproperty.WFGwouldbehappytoreviewandexplainyourclosingcostpriortofinalizingthetransactions.

TITLEVESTING Commonwaystoholdtitletorealproperty

ASANINDIVIDUAL

Anindividualmayholdtitleinhisorhernameonly,regardlessofwhetherornotmarried–e.g.“JaneSmith,an individual”.Thatindividualthenownsallrightstotheproperty,whichcanbesoldortransferredtoothersviawill ortrust.Whileadivorceispending,however,ifthepropertywasacquiredduringthemarriageitwilllikelybe treatedaspartofthemaritalestateandthusbesubjecttocourtauthority.

ASTENANTSBYTHEENTIRETY

Aconveyancetoahusbandandwifecreatesatenancybytheentirety–e.g.“JohnSmithandJaneSmith, husbandandwife,astenantsbytheentirety”.Thiscreatesasurvivorshipestate,whichmeansthatifonespouse dies,his/herinterestwillautomaticallygotothesurvivingspouse.Ahusbandandwifemayalsotaketitleas tenantsincommon(discussedbelow)iftheintentiontoholdtitleinthatmannerisexpresslystated.

ASTENANTSINCOMMON

Unlessaconveyanceexpresslyprovidesthatthepartiesintendtocreateasurvivorshipestate(discussedbelow), aconveyancetotwoormorepersonswhoarenotmarriedcreatesatenancyincommoninwhicheachhas (unlessotherwisestated)anequalundividedinterestintheproperty–e.g.“JohnSmithandRobertJones,as tenantsincommon,eachastoanundivided50%interest”.Eachtenantincommonthenownsanundivided interestintheentireproperty,whichcanbesoldortransferredtoothersviawillortrust.

ASASURVIVORSHIPESTATE

Twoormorepersonswhoarenotmarriedmayalsoholdtitleastenantsincommonwitharightofsurvivorship, aslongasthesurvivorshipdeclarationisexpresslycontainedinthedeed–e.g.“JohnSmithandRobertJones, notastenantsincommon,butwiththerightofsurvivorship”.Thiscreatesasurvivorshipestate,whichmeans thatifonepartydies,his/herinterestwillautomaticallygotothesurvivorandcannotbesoldduringthelifetime ofortransferredviawillortrustbythepartywhodiesfirst.

ASREGISTEREDDOMESTICPARTNERS

Registereddomesticpartnersmaytaketitleas(i)tenantsincommon–e.g.“JaneSmithandMaryJones, registereddomesticpartners,astenantsincommon,eachastoanundivided50%interest”,or(ii)ina survivorshipestatesimilartothatofatenancybytheentirety–e.g.“JaneSmithandMaryJones,asregistered domesticpartnerswithrightofsurvivorship”.

ASASAMESEXMARRIEDCOUPLE

Samesexmarriedcouplesmaytaketitleas(i)tenantsincommon–e.g.“JohnSmithandRobertSmith,a marriedcouple,astenantsincommon,eachastoanundivided50%interest”,or(ii)inasurvivorshipestate similartothatofatenancybytheentirety–e.g.JohnSmithandRobertSmith,amarriedcouplewithrightof survivorship,or(iii)astenantsbytheentirety–e.g.“JohnSmithandRobertSmith,amarriedcouple,astenants bytheentirety”.

ASANENTITY

Aregisteredentity,suchasacorporation,limitedliabilitycompanyorpartnership,mayholdtitle.Titleshouldbe heldexactlyasthenameisregisteredwiththeOregonSecretaryofState–e.g.“Smith&Jones,LLC,anOregon limitedliabilitycompany”.

DISCLAIMER–Theforegoingcontainsinformationalexamplesonlyandisnottobeconstruedaslegaladvice.Giventhecomplexitiesinvolvedinacquiringandholding legaltitletorealproperty,WFGstronglyrecommendsthatyouseeklegaladvicefromanattorneypriortodoingso.

ADMINISTRATIVE

12909 SW 68th Pkwy. Ste. 350 Portland, OR 97223 503-431-8500

CLACKAMAS

9200 SE Sunnybrook Blvd. Ste. 350 Clackamas, OR 97015 503-353-9975

LAKE OSWEGO

5885 Meadows Rd. Ste. 130 Lake Oswego, OR 97035 503-624-4900

LLOYD/COMMERCIAL

NW PORTLAND 25 NW 23rd Pl. Ste. 1 Portland, OR 97210 503-219-9088

BETHANY 1500 NW Bethany Blvd. Ste. 155 Beaverton, OR 97006 503-850-3990

DOWNTOWN VANCOUVER 2001 SE Columbia River Dr Ste. 100 Vancouver, WA 98661 360-314-0300

SALMON CREEK

2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818

VANCOUVER MALL

Ste. 2 0 Vancouver, WA 98662 360-891-5454

EAST VANCOUVER 2004 SE 192nd Ave. Ste. 100 Vancouver, WA 98683 360-356-9990 2 3 5 6 7 8 9 4 10

700 NE Multnomah St. Ste. 190 Portland, OR 97232 503-230-8488

This week the median list price for Gresham, OR 97080 is $559,995 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 81.

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Real-Time Market Profile

Median List Price$559,995

Median Price of New Listings $539,900 Per Square Foot$293 Average Days on Market 133

Days on Market

Slight Seller's Advantage

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

PriceSq.

$799,9003,0440.25

$629,0002,3314,500 - 6,500

MedianListPrice

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Segments

In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

PricePerSquareFoot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

MarketActionIndex

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

MarketActionSegments

Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.

MedianDaysonMarket(DOM)

The properties have been on the market for an average of 127 days. Half of the listings have come newly on the market in the past 77 or so days. Watch the 90-day DOM trend for signals of a changing market.

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

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CONSUMER EXPERIENCE TIMELINE

TRANSACTION CLOSED

GATHER UP

SIGNING SCHEDULED

CLOSE TO SIGNING

TITLE CLEARED

UPDATER INVITATION

TITLE REPORT DELIVERED

TRANSACTION STARTED

MIDPOINT FEEDBACK

EARNEST MONEY

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