County Name: Multnomah
APN / Parcel Number: R254028
Current Ownership: Alexander Burgess
Site Address: 2523 SE 138th Ave, Portland OR 97236
Mail Address: 2523 SE 138th Ave, Portland OR 97236 *Owner Occupied
Tract / Subdivision: / Rhea's Addition
Census Tract / Block: 009101 / 1015
Lot / Block: 2
Twn / Rng / Sec / Qtr: 01S / 02E / 11 / NE
Brief Legal Description: RHEA'S ADDITION, LOT 2
Sale Recording
05/15/2017
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: R254028
SiteAddress: 2523 SE 138thAve
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: R254028
SiteAddress: 2523 SE 138thAve
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 PropertyAddress
R254028 BURGESS,ALEXANDER 2523SE138THAVE,PORTLAND,OR97236
GENERALINFORMATION
PropertyStatus AActive
PropertyType RPResidential
LegalDescription RHEA'SADDITION,LOT2
AlternateAccountNumber R701000100
Neighborhood RB1050SDivision
MapNumber 1S2E11AA-09902
PropertyUse C-2-4UNITMULTI-FAMILY
LevyCodeArea 805
OWNERINFORMATION
OwnerName BURGESS,ALEXANDER
MailingAddress 2523SE138THAVEPORTLAND,OR 97236 RELATEDPROPERTIES
Split/MergedatapriortoFebruary6,2018isnotavailableonline, pleasecallMultnomahCountyAssessment&Taxationdivision. LinkedPropertiesPropertyGroupIDGroupedPropertiesSplit/MergeDateSplit/MergeAccountsSplit/MergeMessage -
IMPROVEMENTS
Expand/CollapseAll LANDSEGMENTS
WD PYRAMIDPACIFICLLC 95069362 6/1/1995 $178,117
BSD CS2LUNARENTERPRISESLLC
CS2LUNARENTERPRISESLLC 2016009148 1/26/2016PR ARMSTRONG,JEFFREYRDBA 95069361 6/1/1995 $101,900
BSD STUMP,JOSEPHCTR&STUMP,DIANA CTR
CS2LUNARENTERPRISESLLC 2016003378 1/11/2016 -
BSD CS2LUNARENTERPRISESLLC STUMP,JOSEPHCTR&STUMP,DIANA CTR 2015163011 12/31/2015 -
WD CASSINELLI,THEODORE& CASINELLI,TRACYR DEFORD,STEPHEN&JUDITHL 2007026904 10/17/2006 $217,500
WD CASSINELLI,THEODORE& CASINELLI,TRACYR
DEFORD,STEPHEN&JUDITHL 2006201809 10/17/2006 $217,500
WD PYRAMIDPACIFICLLC CASSINELLI,THEODORE 95128796 10/1/1995 $135,000
DUES
TotalAmountDue $0.00
Pleaseenterproperpaymentamount
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Toviewinstallmentamountsforeachyear,click ExpandDetailsbelow. Ifapplicable,thedescribedpropertyisreceivingspecialvaluationbaseduponitsuse.Additional rollbacktaxeswhichmaybecomeduebasedontheprovisionsofthespecialvaluationarenotindicated inthislisting.
EffectiveDate:
Assigned School
Primary School: Lincoln Park Elementary School
Middle School: Ron Russell Middle School
High School: David Douglas High School
Primary School
Lincoln Park Elementary School 1
Middle School
Ron Russell Middle School 3
High School
David Douglas High School 2
1. Lincoln Park Elementary School
Distance: 0.38 mile(s)
Address: 13200 Se Lincoln St District: David Douglas Sd 40 Type: 1-Regular school
Charter: No Magnet:
Title 1 Elig: 1-Yes
2. David Douglas High School
Students: 442
Title 1: 5-Title I schoolwide school Grade Levels: Prekindergarten5th Grade
Male / Female: 244 / 198 Distance: 0.86 mile(s)
Address: 1001 Se 135Th Ave District: David Douglas Sd 40 Type: 1-Regular school
Charter: No Magnet: Students: 2,810
Title 1 Elig: 2-No
Male / Female: 1,435 / 1,334
3. Ron Russell Middle School
Title 1: 6-Not a Title I school
Address: 3955 Se 112Th Ave District: David Douglas Sd 40
Charter: No
Title 1 Elig: 1-Yes
Male / Female: 366 / 384
Levels: 9th Grade - 12th Grade
1.47 mile(s)
1-Regular school
Students: 752
Title 1: 5-Title I schoolwide school Grade Levels: 6th Grade - 8th Grade
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.
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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.