12580 SE 23rd Ave. Milwaukie, OR 97222
Compliments of: Audrey Moore Opt Real Estate 525 3rd Street, Suite 200 Lake Oswego, OR 97034
Property Details Subject Property
12580 SE 23rd Ave, Milwaukie OR 97222
County Name: APN / Parcel Number: Current Ownership:
Clackamas 00169588 James Murphy
Site Address: Mail Address:
12580 SE 23rd Ave, Milwaukie OR 97222 12580 SE 23rd Ave, Milwaukie OR 97222
APN: 00169588
*Owner Occupied
Tract / Subdivision: Census Tract / Block: Lot / Block: Twn / Rng / Sec / Qtr: Brief Legal Description:
/ Milwaukie Heights 021200 / 1014 12,14 / 35 02S / 01E / 01 / NW 111 MILWAUKIE HEIGHTS LT12 N24FT LT14 BLK 35
Sale Information Sale Recording Date: Sale Price: Cost/SqFt: Purchase Loan:
06/21/2016 $411,000 $143.31 $390,450
Title Company: WFG TITLE Document #: 2016-040866 Vesting: Individual(s) Buyer Name(s): James R Murphy
Property Characteristics Property Type: Land Use: Building Type: Total SqFt: Beds: Baths: Rooms: Stories: Garage: School District: Watershed:
Single Family Residential Residential land improved Single family res, class 4Zoning: Clackamas Co.-R7 - Low Density Residential 2,868 Lot Size: 7,399 SqFt / 0.17 AC Year Built: 1930 4 Basement: Units: 1 1 Pool: Buildings: 1 Ext / Roof: Other / Composition ShingleHeat/AC: 1 Condition: Fireplace: Y Garage Foundation: View: North Clackamas Johnson Creek-Willamette River
Assessment & Tax Info Total Assessed Value: $281,814 Land Value: Improvement Value: Improvement %: 65
Market Value: Market Land Value: Market Improvement: Tax Amount:
$627,968 $220,148 $407,820 $5,360.01
Tax Year: 2025 Tax Exemption: Tax Rate Area: 012-057
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. 09/11/2026 Prepared by: Tracy Shea
Aerial Map
Parcel ID: 00169588 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.
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. 09/11/2026 Prepared by: Tracy Shea
Aerial Map Subject Property
12580 SE 23rd Ave, Milwaukie OR 97222
APN: 00169588
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. 09/11/2026 Prepared by: Tracy Shea
Assessor Map
Parcel ID: 00169588 Site Address: 12580 SE 23rd Ave 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.
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. 09/11/2026 Prepared by: Tracy Shea
Full Assessor Map
Parcel ID: 00169588 Site Address: 12580 SE 23rd Ave 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.
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. 09/11/2026 Prepared by: Tracy Shea
Property Account Summary Account Number
00169588
12580 SE 23RD AVE , MILWAUKIE, OR 97222
Property Address
General Information Alternate Property #
21E01BB09600
Property Description
111 MILWAUKIE HEIGHTS LT12 N24FT LT14 BLK 35
Last Sale Price
$411,000.00
Last Sale Date
06/27/2016
Last Sale Excise Number
299471
Property Category
Land &/or Buildings
Status
Active, Locally Assessed
Tax Code Area
012-057
Remarks Tax Rate Description
Rate
Total Rate
18.8529
Property Characteristics Neighborhood
11211: Milwaukie Unincorporated
Land Class Category
101: Residential land improved
Building Class Category
14: Single family res, class 4
Year Built
1930
Change property ratio
1XX
Parties Role
Percent Name
Address
Taxpayer
100 MURPHY JAMES R
12580 SE 23RD AVE, MILWAUKIE, OR 97222
Owner
100 MURPHY JAMES R
12580 SE 23RD AVE, MILWAUKIE, OR 97222
Property Values Value Type
Tax Year 1
Tax Year 2
Tax Year 3
Tax Year 4
Tax Year 5
AVR Total
$281,814
$273,606
$265,637
$257,900
$250,389
TVR Total
$281,814
$273,606
$265,637
$257,900
$250,389
Real Mkt Land
$220,148
$215,654
$215,654
$203,299
$176,904
Real Mkt Bldg
$407,820
$405,070
$405,070
$387,490
$337,240
Real Mkt Total
$627,968
$620,724
$620,724
$590,789
$514,144
M5 Mkt Land
$220,148
$215,654
$215,654
$203,299
$176,904
M5 Mkt Bldg
$407,820
$405,070
$405,070
$387,490
$337,240
$281,814
$273,606
$265,637
$257,900
$250,389
Exempt
M5 SAV SAVL (MAV Use Portion) MAV (Market Portion) Mkt Exception AV Exception
Parents Parcel No.
Seg/Merge No.
Status
From Date
To Date
Continued
Document Number
No Parents Found Children Parcel No.
Seg/Merge No.
Status
From Date
To Date
Document Number
No Children Found Active Exemptions No Exemptions Found Events Effective Date
Entry Date-Time
Type
Remarks
06/11/2018
06/11/2018 08:57:00
Property Characteristic Changed
2017 Tax Liability ORS 311 changed from CALL FOR AMOUNT to $2,486.82 by MAURAJEN
06/11/2018
06/11/2018 08:57:00
Value Modification
Type: Omitted Property ORS 311.216, Status: Approved, Tax Year: 2017 by MAURAJEN
06/11/2018
06/11/2018 08:55:00
Value Modification
Type: Omitted Property ORS 311.216, Status: Approved, Tax Year: 2016 by MAURAJEN
04/12/2018
04/12/2018 09:41:00
Omitted Property
CALL FOR AMOUNT - MJ
06/21/2016
06/27/2016 10:48:00
Taxpayer Changed
Property Transfer Filing No.: 299471 06/21/2016 by CINDYSIM
06/21/2016
06/27/2016 10:48:00
Recording Processed
Property Transfer Filing No.: 299471, Warranty Deed, Recording No.: 2016040866 06/21/2016 by CINDYSIM
02/02/2016
02/11/2016 09:46:00
Recording Processed
Property Transfer Filing No.: 292346, Quit Claim Deed, Recording No.: 2016006532 02/02/2016 by HEIDIHAR
02/02/2016
02/11/2016 09:46:00
Taxpayer Changed
Property Transfer Filing No.: 292346 02/02/2016 by HEIDIHAR
02/02/2016
02/10/2016 12:59:00
Taxpayer Changed
Property Transfer Filing No.: 292260 02/02/2016 by HEIDIHAR
02/02/2016
02/10/2016 12:59:00
Recording Processed
Property Transfer Filing No.: 292260, Trustee Deed, Recording No.: 2016-006531 02/02/2016 by HEIDIHAR
11/25/2003
12/05/2003 11:16:00
Recording Processed
Property Transfer Filing No.: 88088, Quit Claim Deed, Recording No.: 2003155482 11/25/2003 by LAURIEB
11/25/2003
12/05/2003 11:16:00
Taxpayer Changed
Property Transfer Filing No.: 88088 11/25/2003 by LAURIEB
11/06/2002
12/03/2002 12:35:00
Taxpayer Changed
Property Transfer Filing No.: 63853 11/06/2002 by LYNNENEW
11/06/2002
12/03/2002 12:35:00
Recording Processed
Property Transfer Filing No.: 63853, Warranty Deed, Recording No.: 2002-107585 11/06/2002 by LYNNENEW
05/22/2001
05/22/2001 11:57:00
The situs address has changed
by LINDAPET
05/22/2001
05/22/2001 11:43:00
Taxpayer Changed
Party/Property Relationship by LINDAPET
07/01/1999
07/01/1999 12:00:00
Ownership at Conversion
Conversion deed: 74-07847, , $ 0
Tax Balance
Installments Payable Tax Year
Category
TCA/District
No Records Found Installments Payable/Paid for Tax Year(Enter 4-digit Year, then Click-Here): 2025
Charged
Minimum
Balance Due Due Date
Receipts Amount Applied to Parcel
Total Amount Due
5811282 (ReceiptDetail.aspx? receiptnumber=5811282)
$5,360.01
$5,360.01
$5,199.21
$0.00
11/13/2024 00:00:00
5623436 (ReceiptDetail.aspx? receiptnumber=5623436)
$5,170.55
$5,170.55
$5,015.43
$0.00
11/13/2023 00:00:00
5431551 (ReceiptDetail.aspx? receiptnumber=5431551)
$5,024.80
$5,024.80
$4,874.06
$0.00
11/10/2022 00:00:00
5246370 (ReceiptDetail.aspx? receiptnumber=5246370)
$4,755.35
$4,755.35
$4,612.69
$0.00
11/08/2021 00:00:00
5062758 (ReceiptDetail.aspx? receiptnumber=5062758)
$4,581.79
$4,581.79
$4,444.34
$0.00
Date
Receipt No.
11/13/2025 00:00:00
Receipt Change Total
Sales History Sale Date
Entry Date
Recording Date
Recording Number
Sale Excise Amount Number
Deed Type
Transfer Type
Grantor(Seller)
Grantee(Buyer)
Other Parcels
06/20/2016 06/27/2016 06/21/2016
2016040866
$411,000.00 299471
S
ENVISION ESTATES LLC
MURPHY JAMES R No
02/02/2016 02/11/2016 02/02/2016
2016006532
$0.00 292346
S
RAIN CITY CAPITAL LLC
ENVISION ESTATES LLC
No
01/19/2016 02/10/2016 02/02/2016
2016006531
$182,859.00 292260
S
GEARY TERRANCE L & COLLEEN
ENVISION ESTATES LLC
No
11/01/2002 12/03/2002 11/06/2002
2002107585
$163,743.00 63853
S
BLASER KEITH E & GEARY SALLY A TERRANCE L
No
Property Details Living Area Sq Ft
Manf Struct Size
Year Built
Improvement Grade
Stories
Bedrooms
Full Baths
Half Baths
2868
0X0
1930
45
1.0
4
1
0
Detailed Statement Parcel Number
00169588
Property Address
12580 SE 23RD AVE , MILWAUKIE, OR 97222
As Of Date: 9/11/2026
Tax Year
Category
TCA/District
Charged
Minimum
Balance Due Due Date
1993
Property Tax Principal
012-057
$1,308.05
$0.00
$0.00 11/15/1993
1994
Property Tax Principal
012-057
$1,215.06
$0.00
$0.00 11/15/1994
1994
Special Assessment Created From Conversion
012-057
$0.00
$0.00
$0.00 11/15/1994
1995
Property Tax Principal
012-057
$1,206.70
$0.00
$0.00 11/15/1995
1995
Special Assessment Created From Conversion
012-057
$0.00
$0.00
$0.00 11/15/1995
1996
Property Tax Interest
012-057
$6.49
$0.00
$0.00 11/15/1996
1996
Property Tax Principal
012-057
$1,460.50
$0.00
$0.00 11/15/1996
1996
Special Assessment Created From Conversion
012-057
$0.00
$0.00
$0.00 11/15/1996
1997
Property Tax Interest
012-057
$126.15
$0.00
$0.00 11/15/1997
1997
Property Tax Principal
012-057
$1,182.79
$0.00
$0.00 11/15/1997
1997
Special Assessment Created From Conversion
012-057
$0.00
$0.00
$0.00 11/15/1997
1998
Property Tax Principal
012-057
$1,212.80
$0.00
$0.00 11/15/1998
1998
Special Assessment Created From Conversion
012-057
$0.00
$0.00
$0.00 11/15/1998
1999
Lighting District Principal
LGTCLA005
$32.50
$0.00
$0.00 11/15/1999
1999
Property Tax Principal
012-057
$1,357.30
$0.00
$0.00 11/15/1999
2000
Lighting District Principal
LGTCLA005
$32.50
$0.00
$0.00 11/15/2000
2000
Property Tax Interest
012-057
$29.51
$0.00
$0.00 03/14/2001
2000
Property Tax Interest
LGTCLA005
$0.72
$0.00
$0.00 03/14/2001
2000
Property Tax Principal
012-057
$1,327.90
$0.00
$0.00 11/15/2000
2001
Lighting District Principal
LGTCLA005
$32.50
$0.00
$0.00 11/15/2001
2001
Property Tax Interest
012-057
$30.51
$0.00
$0.00 03/15/2002
2001
Property Tax Interest
LGTCLA005
$0.72
$0.00
$0.00 03/15/2002
2001
Property Tax Principal
012-057
$1,373.05
$0.00
$0.00 11/15/2001
2002
Lighting District Principal
LGTCLA005
$32.50
$0.00
$0.00 11/15/2002
2002
Property Tax Interest
012-057
$0.61
$0.00
$0.00 05/27/2003
2002
Property Tax Interest
LGTCLA005
$0.01
$0.00
$0.00 05/27/2003
2002
Property Tax Principal
012-057
$1,398.71
$0.00
$0.00 11/15/2002
2003
Lighting District Principal
LGTCLA005
$47.22
$0.00
$0.00 11/15/2003
2003
Property Tax Principal
012-057
$1,439.71
$0.00
$0.00 11/15/2003
2004
Lighting District Principal
LGTCLA005
$47.22
$0.00
$0.00 11/15/2004
2004
Property Tax Principal
012-057
$1,468.63
$0.00
$0.00 11/15/2004
2005
Lighting District Principal
LGTCLA005
$47.22
$0.00
$0.00 11/15/2005
2005
Property Tax Principal
012-057
$1,512.54
$0.00
$0.00 11/15/2005
2006
Lighting District Principal
LGTCLA005
$47.22
$0.00
$0.00 11/15/2006
2006
Property Tax Principal
012-057
$1,535.75
$0.00
$0.00 11/15/2006
2007
Lighting District Principal
LGTCLA005
$47.22
$0.00
$0.00 11/15/2007
2007
Property Tax Principal
012-057
$1,717.57
$0.00
$0.00 11/15/2007
2008
Lighting District Principal
LGTCLA005
$42.50
$0.00
$0.00 11/15/2008
2008
Property Tax Principal
012-057
$1,759.07
$0.00
$0.00 11/15/2008
2008
Sewer District Principal
SANOL005
$622.99
$0.00
$0.00 11/15/2008
2009
Lighting District Principal
LGTCLA005
$42.50
$0.00
$0.00 11/15/2009
2009
Property Tax Principal
012-057
$1,874.69
$0.00
$0.00 11/15/2009
2009
Sewer District Principal
SANOL005
$476.02
$0.00
$0.00 11/15/2009
2010
Lighting District Principal
LGTCLA005
$47.48
$0.00
$0.00 11/15/2010
2010
Property Tax Principal
012-057
$1,932.01
$0.00
$0.00 11/15/2010
2010
Sewer District Principal
SANOL005
$551.40
$0.00
$0.00 11/15/2010
2011
Lighting District Principal
LGTCLA005
$45.00
$0.00
$0.00 11/15/2011
2011
Property Tax Principal
012-057
$2,046.34
$0.00
$0.00 11/15/2011
2011
Sewer District Principal
SANOL005
$899.89
$0.00
$0.00 11/15/2011
2012
Lighting District Principal
LGTCLA005
$46.80
$0.00
$0.00 11/15/2012
2012
Property Tax Principal
012-057
$2,040.12
$0.00
$0.00 11/15/2012
2012
Sewer District Principal
SANOL005
$552.21
$0.00
$0.00 11/15/2012
2013
Lighting District Principal
LGTCLA005
$45.63
$0.00
$0.00 11/15/2013
2013
Property Tax Principal
012-057
$2,089.26
$0.00
$0.00 11/15/2013
2013
Sewer District Principal
SANOL005
$532.04
$0.00
$0.00 11/15/2013
2014
Lighting District Principal
LGTCLA005
$48.37
$0.00
$0.00 11/15/2014
2014
Property Tax Principal
012-057
$2,114.61
$0.00
$0.00 11/15/2014
2014
Sewer District Principal
SANOL005
$639.34
$0.00
$0.00 11/15/2014
2015
Lighting District Principal
LGTCLA005
$51.03
$0.00
$0.00 11/15/2015
2015
Property Tax Principal
012-057
$2,237.18
$0.00
$0.00 11/15/2015
2015
Sewer District Principal
SANOL005
$703.18
$0.00
$0.00 11/15/2015
2016
Lighting District Principal
LGTCLA005
$51.03
$0.00
$0.00 11/15/2016
2016
Property Tax Principal
012-057
$2,303.62
$0.00
$0.00 11/15/2016
2017
Lighting District Principal
LGTCLA005
$50.01
$0.00
$0.00 11/15/2017
2017
Property Tax Principal
012-057
$2,390.22
$0.00
$0.00 11/15/2017
2018
Lighting District Principal
LGTCLA005
$49.01
$0.00
$0.00 11/15/2018
2018
Omitted Property
MISCOP001
$2,486.82
$0.00
$0.00 11/15/2018
2018
Property Tax Principal
012-057
$3,779.90
$0.00
$0.00 11/15/2018
2019
Lighting District Principal
LGTCLA005
$49.01
$0.00
$0.00 11/15/2019
2019
Property Tax Principal
012-057
$4,325.28
$0.00
$0.00 11/15/2019
2020
Lighting District Principal
LGTCLA005
$49.01
$0.00
$0.00 11/15/2020
2020
Property Tax Principal
012-057
$4,388.82
$0.00
$0.00 11/15/2020
2021
Lighting District Principal
LGTCLA005
$47.00
$0.00
$0.00 11/15/2021
2021
Property Tax Principal
012-057
$4,534.79
$0.00
$0.00 11/15/2021
2022
Lighting District Principal
LGTCLA005
$47.00
$0.00
$0.00 11/15/2022
2022
Property Tax Principal
012-057
$4,708.35
$0.00
$0.00 11/15/2022
2023
Lighting District Principal
LGTCLA005
$47.00
$0.00
$0.00 11/15/2023
2023
Property Tax Principal
012-057
$4,977.80
$0.00
$0.00 11/15/2023
2024
Lighting District Principal
LGTCLA005
$47.00
$0.00
$0.00 11/15/2024
2024
Property Tax Principal
012-057
$5,123.55
$0.00
$0.00 11/15/2024
2025
Lighting District Principal
LGTCLA005
$47.00
$0.00
$0.00 11/15/2025
2025
Property Tax Principal
012-057
$5,313.01
$0.00
$0.00 11/15/2025
TOTAL Due as of 09/11/2026
$0.00
Most u lity service providers require you to go online, fill out a form and e-mail back, or use their online service.
12580 SE 23rd Ave, Milwaukie, OR 97222
PGE
NW Natural Gas
www.portlandgeneral.com
www.nwnatural.com
503.228.6322
503.226.4210
XFINITY, Comcast
Ziply Fiber
www.comcast.net
www.ziplyfiber.com
888.824.8264
Garbage Waste Management 800.808.5901
866.699.4759
Water & Sewer Oak Lodge 503.654.7765
Area Demographics Subject Property
12580 SE 23rd Ave, Milwaukie OR 97222
APN: 00169588
Report Details Distance From Parcel:
1 mile
Census Block #:
198
Population:
13,765
Urban:
13,765
Rural:
0
Gender %
Total
Male:
48.9
6,726
Female:
51.1
7,039
Households Breakdown Total Households:
3,400
1 - Person household - male:
288
1 - Person household - female:
739
Family households, married:
2,354
Family households, unmarried:
647
Family households, w/ children under 18 yrs:
2,096
Housing % Total housing units:
Total 6,571
Vacant:
5.9
388
Owner occupied:
94.1
6,183
Renter occupied:
3.4
224
Age Distribution 0-10
10-19
20-29
30-49
50-64
65-79
80+
Median Age
Female
557
610
850
1,976
1,306
1,176
564
38
Male
653
598
941
1,952
1,256
975
351
35
Total
1,210
1,208
1,791
3,928
2,562
2,151
915
37
8.8
8.8
13
28.5
18.6
15.6
6.6
%
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. 09/11/2026 Prepared by: Tracy Shea
Nearby Neighbors Subject Property
# Address
Owner
S 12580 SE 23rd Ave
James Murphy
1 12574 SE 23rd Ave
12580 SE 23rd Ave, Milwaukie OR 97222
Owner
APN: 00169588
Bed
Bath
SqFt
Lot SqFt
Year Blt
Pool
Sale Date
Y
4
1
2,868
7,399
1930
N
06/21/2016 $411,000 Single Family Resident
Max Dorn
Y
2
1
2,637
5,099
2016
N
01/19/2021
$540,000 Single Family Residentia
2 12606 SE 23rd Ave
Adoracion Ridderman
Y
3
2
1,302
5,792
1993
N
09/07/2005
Single Family Residentia
3 12583 SE 24th Ave
Richard & Amanda Wad
N
3
1.50
990
4,999
1963
N
10/16/2019
Single Family Residentia
4 12655 SE 24th Ave
Todd Griffith
Y
3
2
2,078
7,778
1969
N
11/10/2022
$507,000 Single Family Residentia
5 12556 SE 23rd Ave
Virginia Berg & Ian Goo
N
2
1
1,132
6,099
1925
N
11/17/2025
$467,000 Single Family Residentia
6 12650 SE 23rd Ave
Taylor Sibley
Y
2
1
651
6,890
1948
N
05/05/2020
$295,000 Single Family Residentia
7 12525 SE 24th Ave
Mil Rental Property LLC
N
3
1
1,040
9,799
1936
N
05/23/2013
8 12601 SE 23rd Ave
David Cameron
Y
3
2
2,118
7,405
1949
N
03/13/2020
$420,000 Single Family Residentia
9 12510 SE 23rd Ave
Megan Lytle
Y
2
1
620
5,499
1925
N
02/17/2026
$390,000 Single Family Residentia
10 12661 SE 24th Ave
Mychael Mai
Y
4
2
1,632
10,490
1963
N
12/23/2025
Duplex (2 units, any com
Occ
Sale Price Property Type
$1
Single Family Residentia
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. 09/11/2026 Prepared by: Tracy Shea
Area Schools Subject Property
12580 SE 23rd Ave, Milwaukie OR 97222
APN: 00169588
Assigned School Primary School:
Oak Grove Elementary
Middle School:
Alder Creek Middle School
High School:
Putnam High School
Primary School 1
Oak Grove Elementary
Middle School 2
Alder Creek Middle School
High School 3
Putnam High School
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. 09/11/2026 Prepared by: Tracy Shea
1. Oak Grove Elementary
Distance: 0.51 mile(s)
Address:
2150 Se Torbank Rd
District: North Clackamas Sd 12
Type:
Charter:
No
Magnet:
Students: 285
Title 1 Elig:
1-Yes
Title 1:
5-Title I schoolwide school
Grade Levels:
1-Regular school
Kindergarten - 5th Grade
Male / Female: 139 / 145 2. Alder Creek Middle School
Distance: 2.29 mile(s)
Address:
13801 Se Webster Rd
District: North Clackamas Sd 12
Type:
Charter:
No
Magnet:
Students: 831
Title 1 Elig:
2-No
Title 1:
6-Not a Title I school
Grade Levels:
1-Regular school
6th Grade - 8th Grade
Male / Female: 413 / 403 3. Putnam High School
Distance: 2.60 mile(s)
Address:
4950 Se Roethe Rd
District: North Clackamas Sd 12
Type:
Charter:
No
Magnet:
Students: 1,063
Title 1 Elig:
2-No
Title 1:
6-Not a Title I school
Grade Levels:
1-Regular school
9th Grade - 12th Grade
Male / Female: 541 / 508
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. 09/11/2026 Prepared by: Tracy Shea
STEPS IN A
REAL ESTATE TRANSACTION
1 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.
© 2025 Lawyers Title (3/25)
What is an Escrow? 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.
ESCROW FLOW CHART Receive and review Earnest Money Agreement and Broker’s instructions.
™
Open escrow. Order title report. NEW LOAN
Notify Escrow with name of new lender and loan officer.
FROM PENDING TO SOLD
Determine financing.
Information gathering from Buyer and Seller.
Receive title report. Send copies to all parties in the transaction.
Send title report to lender.
Resolve any title issues. Order any payoff demands.
Notification of final loan approval. Are repairs complete?
Review file. Are conditions satisfied? Contingencies removed?
Deliver Seller & Buyer Closing Disclosures. Buyers’ consummation 3-6 days.
Prepare closing statement, closing instructions and transfer deed.
Loan documents delivered to escrow.
Obtain signatures on all escrow and loan documents. Collect any funds due from Buyer and/or Seller.
Return loan documents for final approval to fund and record.
™
Record applicable documents with the County Recorder's office.
Order loan funds.
Close file. Prepare final statements. Disburse funds. Forward final documents to all interested parties - Buyer, Seller, Real Estate Agents, Lender, Broker, Attorney, etc.
I
Lawyers Title
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