Mail Address: 8306 NW Reed Dr, Portland OR 97229 *Owner Occupied
Tract / Subdivision: / Panavista Park
Census Tract / Block: 007001 / 2008
Lot / Block: 1 / 6
Twn / Rng / Sec / Qtr: 01N / 01W / 25 / SW
Brief Legal Description: PANAVISTA PARK, BLOCK 6, LOT 1
Sale Information
Sale Recording Date: 06/26/2020
Property Characteristics
Property Details
APN: R233318
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: R233318
Parcel ID: R233318
SiteAddress: 8306 NW Reed Dr
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: R233318
SiteAddress: 8306 NW Reed Dr
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
$548,580
GENERALINFORMATION
Property Status AActive
Property Type RPResidential
Legal Description PANAVISTAPARK,BLOCK6,LOT1
Alternate Account Number R642101910
Neighborhood RB4147 Forest Heights Map Number 1N1W25CB-03300
Property Use B-RESIDENTIALIMPROVED
LevyCodeArea 001
OWNERINFORMATION
Owner Name COLEMAN,DEVIN&COLEMAN,ECE
Mailing Address 8306NWREEDDRPORTLAND,OR97229
RELATEDPROPERTIES
Split/Merge data prior to February 6, 2018 is not available online, please call Multnomah County Assessment & Taxation division.
Address: 8111 Sw West Slope Dr District: Portland Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
Male / Female: 386 / 361
3. Lincoln High School
Title 1: 6-Not a Title I school
Address: 1750 Sw Salmon St. District: Portland Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
Male / Female: 791 / 715
Title 1: 6-Not a Title I school
Distance: 0.75 mile(s)
Type: 1-Regular Elementary or Secondary
Students: 540
Grade Levels: Prekindergarten8th grade
Distance: 2.39 mile(s)
Type: 1-Regular school
Students: 757
Grade Levels: 6th Grade - 8th Grade
Distance: 3.71 mile(s)
Type: 1-Regular school
Students: 1,525
Grade Levels: 9th Grade - 12th Grade
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?