County Name: Multnomah
APN / Parcel Number: R308139
Current Ownership: Heidi Mead Trust
Site Address: 5624 S Riverside Ln, Unit #8, Portland OR 97239
Mail Address: 45840 NW Ranch Dr, Banks OR 97106 *Absentee Owner
Tract / Subdivision: / Willamette Shores Condominium
Census Tract / Block: 005903 / 2002
Lot / Block: 37
Twn / Rng / Sec / Qtr: 01S / 01E / 15 / SW
Brief Legal Description: WILLAMETTE SHORES CONDOMINIUM, LOT 37
Sale Recording Date: 05/03/2022 Title Company: FIRST AMERICAN TITLE Sale Price: $449,900 Document #: 45592
Buyer Name(s): Heidi S Mead
School District: PORTLAND Watershed: Columbia Slough-Willamette River
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: R308139
SiteAddress: 5624 S Riverside Ln, Unit #8
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: R308139
SiteAddress: 5624 S Riverside Ln, Unit #8
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
GENERALINFORMATION
Property Status AActive
Property Type RPResidential
Legal Description WILLAMETTESHORESCONDOMINIUM,LOT 37
Alternate Account Number R913900740
Neighborhood RW519 SW Waterfront
Map Number 1S1E15CA-90041
Property Use W-RESIDENTIALCONDO
LevyCodeArea 001
OWNERINFORMATION
Owner Name HEIDIMEADTRUST
Mailing Address 45840NWRANCHDRBANKS,OR97106 RELATEDPROPERTIES
Split/Merge data prior to February 6, 2018 is not available online, please call Multnomah County Assessment & Taxation division.
Linked Properties R308102
Property Group ID -
Grouped Properties -
Split / Merge Date -
Split / Merge Accounts -
Split / Merge Message -
IMPROVEMENTS ? Expand/Collapse All
ASSESSEDVALUES
Assigned School
Primary School: Capitol Hill Elementary School
Middle School: Jackson Middle School
High School: Ida B. Wells-Barnett High School
Primary School
Capitol Hill Elementary School 2
Middle School
Jackson Middle School 3
High School
Ida B Wells-Barnett High School 1
Other School
1. Ida B. Wells-Barnett High School
Address: 1151 Sw Vermont St District: Portland Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
Male / Female: 869 / 750
2. Capitol Hill Elementary School
Title 1: 6-Not a Title I school
Address: 8401 Sw 17Th Ave District: Portland Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
3. Jackson Middle School
Distance: 0.89 mile(s)
Type: 1-Regular school
Students: 1,650
Grade Levels: 9th Grade - 12th Grade
Distance: 1.68 mile(s)
Type: 1-Regular school
Students: 361
Title 1: 6-Not a Title I school Grade Levels: Kindergarten - 5th Grade
Male / Female: 182 / 179 Distance: 3.09 mile(s)
Address: 10625 Sw 35Th District: Portland Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
Male / Female: 367 / 332
Title 1: 6-Not a Title I school
Type: 1-Regular school
Students: 710
Grade Levels: 6th Grade - 8th Grade
CC&Rs:
The property owner (Seller) initiates a contract, or a listing agreement, with a licensed Real Estate Agent.
Property owner (Seller) enters into a purchase contract, typically referred to as an Earnest Money Agreement, with a Buyer.
3
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.
™
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.
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.