Rex Buchanan 16003 SE Cielo Ct Home Book

Page 1


Subject Property

County Name: Clackamas

APN / Parcel Number: 01472490

Current Ownership: Smoot, Thomas P Trustee

Site Address: 16003 SE Cielo Ct, Damascus OR 97089

Mail Address: PO Box 810, Boring OR 97009 *Absentee Owner

Tract / Subdivision:

Census Tract / Block: 023202 / 2003

Lot / Block: 2

Twn / Rng / Sec / Qtr: 02S / 03E / 10 / SW

Sale Information

Sale Recording Date: 01/14/2004

Property Characteristics

Property Details

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: 01472490
Sentry Dynamics, Inc and its customers make no representations,
report 11/21/2025 Prepared by:Tracy Shea

Parcel ID: 01472490

SiteAddress: 16003 SE Cielo Ct

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: 01472490

SiteAddress: 16003 SE Cielo Ct

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 Account Summary

GeneralInformation

AlternateProperty# 23E10C01002

PropertyDescription 1991-39PARTITIONPLATPARCEL2

LastSalePrice $000

LastSaleDate 03/26/2008

LastSaleExciseNumber 174534

PropertyCategory Land&/orBuildings Status

PropertyCharacteristics Property

AV Exception

Parents

ParcelNo. Seg/MergeNo. Status FromDate ToDate Continued DocumentNumber No Parents Found

Children

ParcelNo. Seg/MergeNo. Status FromDate ToDate DocumentNumber No Children Found

ActiveExemptions No Exemptions Found

Events

Effective Date EntryDate-Time Type Remarks

06/15/2016 06/15/2016 15:57:00

04/21/2011 04/21/2011 12:21:00

Annexation Completed For Property Disincorporation of City of Damascus, Order # 2016-074 by DeenaMeh

Annexation Completed For Property ANNEX TO COUNTY LIBRARY, ORD 2010-129-annexed by COUNTY CLACKAMAS for 2011-Revise District Membership by DEENAMEH

03/20/2008 03/26/2008 14:08:00 Recording Processed Property Transfer Filing No.: 174534, Warranty Deed, Recording No.: 2008-019624 03/20/2008 by AMANDAOLS

03/20/2008 03/26/2008 14:08:00 Taxpayer Changed Property Transfer Filing No.: 174534 03/20/2008 by AMANDAOLS

03/10/2005 03/10/2005 09:22:00

Annexation Completed For Property Form City of Damascus, Ord 2004-162 PT21-added to annexation by batch process 8,150. by JENMAYO

01/14/2004 01/16/2004 10:09:00 Recording Processed

Property Transfer Filing No.: 90262, Warranty Deed, Recording No.: 2004-002517 01/14/2004 by LAURIEB

01/14/2004 01/16/2004 10:09:00 Taxpayer Changed Property Transfer Filing No.: 90262 01/14/2004 by LAURIEB

07/01/1999 07/01/1999 12:00:00 Ownership at Conversion Warranty Deed: 91-10415, 3/1/91, $ 62000

InstallmentsPayable/PaidforTaxYear(Enter4-digitYear,thenClick-Here): 2025 Receipts

00:00:00

11/13/2020 00:00:00

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4926418 (ReceiptDetail.aspx? receiptnumber=4926418)

Detailed Statement

Age Distribution

Area Schools

Assigned School

Primary School: Deep CreekDamascus K-8 School

Middle School: Deep CreekDamascus K-8 School

High School: Sam Barlow High School

Primary School

Deep Creek - Damascus K-8 School 1

Middle School

High School

Sam Barlow High School 2

1. Deep Creek - Damascus K-8 School

Address: 15600 Se 232Nd Dr District: Gresham-Barlow Sd 10J

Charter: No

Title 1 Elig: 2-No

Male / Female: 258 / 204

Title 1: 6-Not a Title I school

Address: 5105 Se 302Nd Ave District: Gresham-Barlow Sd 10J

Charter: No

Title 1 Elig: 2-No

Male / Female: 849 / 776

Title 1: 6-Not a Title I school

0.57 mile(s)

1-Regular school

Students: 463

- 8th Grade

1-Regular school

9th Grade - 12th Grade

2. Sam Barlow High School

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?

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.

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