MAILING ADDRESS: 15939 SE Tallina Dr Damascus OR 97089
OWNER STATUS: Owner occupied
LOCATION DESCRIPTION
COUNTY: Clackamas
CENSUS / BLOCK: 023202 / 3025
TSP - RNG - SEC: 02S - 02E - 13
LOT / BLOCK: 39 /
HOUSING TRACT: Shadow Mountain 02
ALT PARCEL #: 22E13AA06305
SCHOOL DISTRICT: North Clackamas
MUNICIPALITY: Damascus PARCEL #: 05033847
LAST MARKET SALE
DATE: 09/13/2019
PRIOR SALE
DATE: 09/13/2019
PROPERTY DETAILS
PROPERTY CHARACTERISTICS
GROSS AREA: 1,886
LIVING AREA: ABOVE GRADE:
BEDROOMS: 3
BATHROOMS (F/H): 2 / 1
FIREPLACE: 0
YEAR BUILT: 2019
PARKING TYPE:
UNITS:
BASEMENT:
GARAGE AREA: ROOF SHAPE:
FOUNDATION: ROOF MATERIAL:
CONSTRUCTIONS:
HEAT TYPE:
COOLING TYPE:
EXTERIOR WALL:
ROOMS:
QUALITY:
INTERIOR WALL:
PORCH TYPE:
PATIO TYPE:
AIR COND:
FIXTURES: FLOOR:
EQUIPMENT:
STORIES: POOL:
CONDITION:
PROPERTY INFORMATION
LAND USE: Residential land improved
ZONING: Low Density Residential
COUNTY USE:
LOT ACRES: 0.0726
STATE USE:
LOT SQ FT: 3,162
LEN / WID:
TAXES AND ASSESSMENT INFORMATION
ASSD YEAR: 2024
ASSD VALUE: $311,569
TAXABLE VAL:
TAX YEAR: 2024
LAND VALUE: $233,378
MKT VALUE: $578,538
TAX AREA: 012-219
IMP VALUE: $345,160
EXEMPTIONS:
PROPERTY TAX: $5,696.17
IMPROVED %: 60
DISTRICT:
AREA HISTORY
AVERAGES
FEMALE POPULATION | 21,320
MALE POPULATION | 20,702
ASSESSOR MAP
STREET
AERIAL MAP
CITY BOUNDARY MAP
SCHOOLS
North Clackamas School District
ELEMENTARY SCHOOLS
NAME: Verne A Duncan Elementary School
CHARTER SCHOOL: No
ADDRESS: 14898 Se Parklane Dr MAGNET SCHOOL:
CITY, STATE, ZIP: Happy Valley, OR 97015
PHONE: (503)353-3270
DESCRIPTION: 21-Suburb: Large
GRADES: Kindergarten - 5th Grade TITLE ONE: 2-No
NAME: Oregon Trail Elementary School
ADDRESS: 13895 Se 152Nd Dr
CITY, STATE, ZIP: Clackamas, OR 97015
PHONE: (503)353-5540
CHARTER SCHOOL: No
DESCRIPTION: 21-Suburb: Large
1.49 mile(s)
GRADES: Kindergarten - 5th Grade TITLE ONE: 2-No
MIDDLE SCHOOLS
NAME: Rock Creek Middle School
CHARTER SCHOOL: No
ADDRESS: 14331 Se 132Nd Ave MAGNET SCHOOL:
CITY, STATE, ZIP: Clackamas, OR 97015
PHONE: (503)353-5680
DESCRIPTION: 21-Suburb: Large
1.88 mile(s)
GRADES: 6th Grade - 8th Grade TITLE ONE: 2-No
NAME: Happy Valley Middle School
ADDRESS: 13865 Se King Rd
CITY, STATE, ZIP: Happy Valley, OR 97086
PHONE: (503)353-1920
GRADES: 6th Grade - 8th Grade
HIGH SCHOOLS
NAME: Adrienne C. Nelson High School
CHARTER SCHOOL: No
SCHOOL:
DESCRIPTION: 21-Suburb: Large
3.33 mile(s)
ONE: 2-No
CHARTER SCHOOL: No
ADDRESS: 14897 Se Parklane Dr MAGNET SCHOOL: CITY, STATE, ZIP: Happy Valley, OR 97015
PHONE: (503)353-5750
GRADES: 9th Grade - 12th Grade
NAME: Clackamas High School
DESCRIPTION: 21-Suburb: Large
1.01 mile(s)
ONE: 2-No
CHARTER SCHOOL: No
ADDRESS: 14486 Se 122Nd Ave MAGNET SCHOOL:
CITY, STATE, ZIP: Clackamas, OR 97015 AREA DESCRIPTION: 21-Suburb: Large
PHONE: (503)353-5800
GRADES: 9th Grade - 12th Grade
2.09 mile(s)
ONE: 2-No
Students We Serve
OREGON AT-A-GLANCE DISTRICT PROFILE
North Clackamas SD 12
SUPERINTENDENT: Shay James | 12400 SE Freeman Way, Milwaukie 97222 | 503-353-6000
Academic Success
Students
2023-24
Grade 3 ENGLISH LANGUAGE ARTS
Students
Grade 8 MATHEMATICS
Students
High School Success
ON-TIME GRADUATION
Students
COMPLETION
Students
District Goals
The North Clackamas School District's mission is "Inspiring graduates to act with courage in life and to strengthen local and global communities." For 2022-2027, NCSD's key strategic points are: Student Experience & Success, People & Culture, Family & Community Collaboration, and Resources & Service. We create environments where students are inspired to be creative and critical thinkers as they prepare for success in life, college, and career.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% on-time graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE DISTRICT PROFILE
North Clackamas SD 12
Outcomes
Grade 3
LANGUAGE ARTS
ON-TRACK TO GRADUATE
ON-TIME GRADUATION
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Verne A Duncan Elementary School
PRINCIPAL: Katrina Edwards | GRADES: K-5 | 14898 SE Parklane Dr, Happy Valley 97015 | 503-353-3270
REGULAR ATTENDERS
Students
2023-24
MATHEMATICS
School Goals
As NSCD elementary school students enter one of our vibrant neighborhood, magnet, or charter schools, NCSD fosters a joy of learning, nurtures a positive vision for their future, and cultivates a school environment where all cultural heritages are valued. NCSD's elementary schools are striving to achieve this vision by focusing on the whole child and ensuring social, emotional, physical, and academic needs are met.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
NCSD believes the physical, social, and emotional safety of all students is a priority no matter their demographics or identities. Therefore, NCSD has an obligation to each student, family, staff member, and community member to provide environments that hold a fundamental sense of safety and respect. NCSD values all people regardless of background, race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, marital status, age, disability, or familial status.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Verne A Duncan Elementary School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
NCSD believes that in order for all students, families, and staff members to feel important and welcome as members of the school community, they must feel safephysically, emotionally, and psychologically. For this reason, NCSD has a comprehensive set of policies that prohibit bullying and harassment, and NCSD has established multiple reporting and accountability measures designed to assist NCSD to respond quickly to these incidents. Information about NCSD's policies can be found at bit.ly/2CrTbnk.
EXTRACURRICULAR ACTIVITIES
North Clackamas School District offers a range of extracurricular activities for our elementary-aged students. Some examples may include: morning/after school CARE program, PTA/PTO-sponsored events, music and arts education, and partnerships with local, community-based organizations.
PARENT ENGAGEMENT
Engaged families contribute significantly to students' academic success. NCSD recognizes its responsibility to create and maintain strong partnerships with families. The district develops and implements multiple forums to connect families with their child's education, their schools, and the larger NCSD community. NCSD is committed to supporting all students by fostering meaningful family involvement. The district's schools prioritize building and nurturing these essential family-school relationships.
COMMUNITY ENGAGEMENT
North Clackamas Schools welcomes and values the contributions of its community partners. Local businesses, social service organizations, and numerous individual volunteers add to the richness of the NCSD experience, both inside and outside of classrooms. Volunteers are welcome at our schools, and are a valued source of knowledge and expertise benefiting students and staff.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Rock Creek Middle School
PRINCIPAL: John Brooks | GRADES: 6-8 | 14331 SE 132nd Ave, Clackamas 97015 | 503-353-5680
CLASS SIZE
REGULAR ATTENDERS
Students
2023-24
MATHEMATICS
School Goals
As NSCD middle school students enter one or our vibrant neighborhood or charter schools, NCSD fosters a joy of learning, nurtures a positive vision for their future, and cultivates a school environment where all cultural heritages are valued. NCSD's middle schools are striving to achieve this by introducing students to a variety of elective options and supporting their academic growth through programs such as Advancement Via Individual Determination (AVID).
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
NCSD believes the physical, social, and emotional safety of all students is a priority no matter their demographics or identities. Therefore, NCSD has an obligation to each student, family, staff member, and community member to provide environments that hold a fundamental sense of safety and respect. NCSD values all people regardless of background, race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, marital status, age, disability, or familial status.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Rock Creek Middle School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
NCSD believes that in order for all students, families, and staff members to feel important and welcome as members of the school community, they must feel safephysically, emotionally, and psychologically. For this reason, NCSD has a comprehensive set of policies that prohibit bullying and harassment, and NCSD has established multiple reporting and accountability measures designed to assist NCSD to respond quickly to these incidents. Information about NCSD's policies can be found at bit.ly/2CrTbnk.
EXTRACURRICULAR ACTIVITIES
· Cross Country
· Track
· After School Programs
· Student Council
· GANAS Club
· After School Tutoring
· SAGA Club
PARENT ENGAGEMENT
Engaged families are a key component in the academic success of students. NCSD provides multiple forums for families to become invested in their child’s education, their schools, and the larger NCSD community. Whether their students are striving or thriving, NCSD believes it is essential for families to actively participate in their children's education, and NCSD's schools know this is a key responsibility.
COMMUNITY ENGAGEMENT
North Clackamas Schools welcomes and values the contributions of its community partners. Local businesses, social service organizations, and numerous individual volunteers add to the richness of the NCSD experience, both inside and outside of classrooms. Volunteers are welcome at our schools, and are a valued source of knowledge and expertise benefiting students and staff.
Cohort includes students who were first-time ninth graders in 2019-20 graduating in 2022-23
FIVE-YEAR COMPLETION
Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2018-19 finishing in 2022-23
COLLEGE GOING
Students enrolling in a two or four year college within 12 months of completing high school in 202122. Data from the National Student Clearinghouse.
School Goals
As NSCD high school students enter one of our vibrant neighborhood or charter schools, NCSD fosters a joy of learning, nurtures a positive vision for their future, and cultivates a school environment where all cultural heritages are valued. NCSD's high schools are striving to achieve this by providing multiple college-credit opportunities, career-technical courses, and activities for many interests.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
NCSD believes the physical, social, and emotional safety of all students is a priority no matter their demographics or identities. Therefore, NCSD has an obligation to each student, family, staff member, and community member to provide environments that hold a fundamental sense of safety and respect. NCSD values all people regardless of background, race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, marital status, age, disability, or familial status.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Clackamas High School
Outcomes
REGULAR ATTENDERS
About Our School
ADVANCED COURSEWORK
North Clackamas High Schools offer a range of advanced coursework including International Baccalaureate Courses and Advanced Placement (AP) Courses in subject areas that include but are not limited to: English, Spanish, history, psychology, biology, physics, mathematics, and fine arts.
CAREER & TECHNICAL EDUCATION
very high school student has the opportunity to explore over 70 Career and Technical courses through our nationally recognized Sabin Schellenberg program. Career studies include: Agriculture, Architecture and Design, Automotive, Broadcasting, Building Construction, Business & Management, Cosmetology, Culinary Arts, Digital Design, Early Learning Education, Electronics, Forestry, Health Services, Law Enforcement, Manufacturing & Engineering, and Programming & Coding. A full list of courses is found here:
EXTRACURRICULAR ACTIVITIES
Our high schools offer a wide variety of extracurricular activities including but not limited to:
· 15 interscholastic and club sports
· 5 interscholastic activities including robust music programs
· A large variety of special interest clubs such as coding or chess
· A wide range of affinity groups
· Academic and service based clubs such as Key Club or National Honors Society
· Competing and performance based theatre programs
PARENT & COMMUNITY ENGAGEMENT
In NCSD, families and community members work together with district employees to support all students. NCSD pursues strong relationships with families and volunteers, and works to form strategic partnerships with local organizations and businesses. Together, we remove barriers to student achievement and form a stronger community.
10,539 $91,124 43.2 50.8% 49.2%
North Clackamas
Oregon Trail
Estacada
Centennial
Gresham-Barlow
HOUSING
90.21% of homes owner occupied
9.79% of homes rented
POPULATION DENSITY
657 inhabitants per sq. mile
3,769 housing units at an average density of 235 per sq. mile
HISTORY
AGE DEMOGRAPHIC
25% under age 18
6.8% between ages 18 to 24
20.6% between ages 25 to 44
34.2% between ages 45 to 64
13.3% above age 65
CITY QUICK FACTS
16.14 square miles
16 miles southeast of Portland
712 feet elevation
Highest Average Temperature 81º
Lowest Average Temperature 47º
METRO AREA BASE MAP
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
Veterinary Care
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
DAMASCUS UTILITIES
Emergency Police/Medical/Fire 911
Poison Control (800) 222-1222 www.aapcc.org
United States Postal Service (800) 275-8777 www.usps.com
Xfinity (800) 266-2278 www.xfinity.com
Ziply Fiber (866) 699-4759 www.ziplyfiber.com
Verizon (800) 483-4100 www.verizon.com
AT&T (800) 288-2020 www.att.com
CenturyLink (866) 963-6665 www.centurylinkcom
Dish Network (800) 318-0572 www.dish.com
DIRECT TV (800) 531-5000 www.directtv.com
The Oregonian (503) 221-8240 www.oregonlive.com
TRI-MET (503) 238-7433 www.trimet.org
Northwest Natural Gas (800) 422-4012 www.nwnatural.com
Portland General Electric (503) 228-6322 www.portlandgeneral.com
Clackamas County Sewer District (503) 742-4567 www.clackamas.us
Sunrise Water Authority (503) 761-0220 www.sunrisewater.com
Waste Management (866) 909-4458 www.wm.com
North Clackamas School District (503) 353-6000 www.nclack.k12.or.us
CHANGE OF ADDRESS
USPS
Below is the website if you would like to change your address online or you can visit your local post office, they will provide you with the change of address packet. https://moversguide.usps.com
Benefits you will receive when you change your address online are:
Exclusive mover savings coupons
Safe and secure with identity verification by a simple $1.00 charge to your credit or debit card
Email confirmation at the end of registration of your change of address
* Must have valid email address and credit card to register online.
AUTO REGISTRATION AND DRIVER LICENSING
Below is the website if you would like to change your address online or you can visit your local DMV office.
Oregon Department of Transportation DMV Services 1905 Lana Avenue NE Salem, OR 97314-0100
www.oregondmv.com/oregon/index.htm
General DMV Information Contact: 503-299-9999
VOTERS REGISTRTION
TO REGISTER TO VOTE, YOU MUST BE:
A citizen of the USA
A resident of Oregon
A Legal Resident of Oregon State at least 18 years of age on or before the next election.
HOW TO REGISTER
To register to vote online you will need an Oregon driver's license, permit or ID card number issued by the Oregon Driver and Motor Vehicle Services Division (DMV).
If you do not have an Oregon driver's license, permit or ID card, you can still use the online voter registration application. The information you enter will display on a voter registration card (PDF document) that you will need to print, sign and deliver to your county elections office to complete your registration.
REGISTRATION DEADLINE
A new registrant must submit their online registration by 11:59:59 p.m. Pacific Time on the 21st calendar day before an election to be eligible to vote in that election.
CHANGE OF ADDRESS
If you move to a new county, you must complete a new voter registration, otherwise you must request a transfer of your registration.
Clackamas County Voter Registration: 503-655-8510
Multnomah County Voter Registration: 503-988-3720
Washington County Voter Registration: 503-846-5800
www.oregonmetro.gov 6161 NW 61st Ave. Portland, OR
Metro South (503) 234-3000 www.oregonmetro.gov 2001 Washington St. Oregon City, OR
Clackamas County (503) 668-8885 www.wmnorthwest.com 19600 SE Canyon Valley Rd. Sandy, OR
VOTER REGISTRATION
Clackamas (503) 655-8510
Multnomah (503) 248-3720
Washington (503) 846-5800
WATER BUREAU
Beaverton (503) 526-2257
Clackamas (503) 722-9220
Gladstone (503) 656-5223
Gresham (503) 618-2373
Hillsboro (503) 681-6228
Lake Oswego (503) 635-0265
Milwaukie (503) 786-7525
Oregon City (503) 657-8151
Portland (503) 823-7770
Tigard (503) 639-1554
Tualatin (503) 692-2000
West Linn (503) 656-4261
Wilsonville (503) 682-1011
CYBER SECURITY
the information without the knowledge of the sender or recipient, resulting in the funds being sent to an outside account and never credited to the intended party.
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
Outgoing Wire from WFG to seller or borrower for proceeds
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow. If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.
Incoming Wires from the buyer and/or lender to WFG bank account
For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience.
claims, or restrictions on the buyer’s property, other than the mortgage the buyer agrees to pay.
If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.
In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.
Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer.
Owner’s title insurance is one of the most affordable insurance policies a person can ever buy. Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.
So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.
In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.
WHAT IS ESCROW?
Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
TYPICAL ROLES IN THE CLOSING PROCESS
The Seller/Agent
Delivers a fully executed Purchase Sale Agreement to the escrow agent. Executes the paperwork necessary to close the transaction.
The Buyer/Agent
Deposits collected funds required to close (in with the escrow agent.
Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement.
Executes the paperwork and loan documents necessary to close the transaction.
The Lender
Deposits loan documents to be executed by the buyer
Deposits the loan proceeds. Directs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
Clears Title
Obtains title insurance
Obtains payoffs and release documents for underlying loans on the property Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf.
Prorates insurance, taxes, rents, etc.
Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction. Forwards deed to the county for recording. Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties.
In Summary
Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer. The escrow agent is a neutral third party acting on behalf of the buyer and seller.
WHAT IS TITLE?
About Title Insurance
Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy. Usually, during a purchase transaction, the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy).
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy.
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser of the purchase price.
How is title insurance different from other types of insurance?
While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property. Said defects/claims are either eliminated prior to the issuance of a title policy
or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property.
What’s involved in a title search? A title search is actually made up of three separate searches:
Chain of Title – History of the ownership of the subject property
Tax Search – The tax search reveals the status of the taxes and assessments
Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names
Once the three searches have been completed, the file is reviewed by an examiner who determines:
Whether or not the Chain of Title shows that the party selling the property has the right to do so. The status of taxes for the subject property. The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due.
Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.
Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance.
In Summary
After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title. The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination.
.
WHO PAYS WHAT IN OREGON
SELLER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Title Premium - based on fixed statewide fee schedule
Real Estate Commission - based on agreement with Broker
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by principals
Release fees for loan payoff(s)
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with purchaser
Collection Escrow Setup Fee - optional, and is often shared with purchaser
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Any delinquent payments to bring contract or loan current
Prorate share of current month’s interest based on current rate
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval
FHA, VA Loans - check with lender for any applicable seller costs
BUYER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by the principals
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with seller
Collection Escrow Setup Fee - optional, and is sometimes shared with seller
Recording Fee - for contract or memorandum thereof
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Assumption or Assignment
Next monthly payment due, if required by lender
Recording Fee - for Assumption/Assignment of Agreement, if required by lender
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS DISCLAIMER:Thisflyerisnotintendedtobeanall-inclusivelistoffeesand
Lenders title insurance policy & endorsements, as required by lender
Loan Fee - as required by lender
Credit Report Fee - as required by lender
Appraisal Fee - as required by lender
Mortgage Insurance Premium - based on fee schedule and endorsements of lender
Prepaid Interest - if required by lender
VA Loans only - funding fee, if required by lender
FHA, VA, and some Conventional Loans - reserves for real property taxes, fire insurance and mortgage insurance
TITLE VESTING Common ways to hold title to real property
DOWNTOWN VANCOUVER 2001 SE Columbia River Dr Ste. 100 Vancouver, WA 98661 360-314-0300
SALMON CREEK
2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818
VANCOUVER MALL
4400 NE 77th Ave Ste. 250 Vancouver, WA 98662 360-891-5454
EAST VANCOUVER 2004 SE 192nd Ave. Ste. 100 Vancouver, WA 98683 360-356-9990 1 2 3 5 6 7 8 9 4 10
700 NE Multnomah St. Ste. 190 Portland, OR 97232 503-230-8488
Damascus, OR 97089
REPORT FOR 6/10/2025
Single-Family Homes
This week the median list price for Damascus, OR 97089 is $768,750 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 38.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Real-Time Market Profile
Slight Seller's Advantage
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Median List Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent upshift in the Market Action Index before we see prices move from these levels.
Segments
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
Price Per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
Market Action Index
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Market Action Segments
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.
Median Days on Market (DOM)
The properties have been on the market for an average of 106 days. Half of the listings have come newly on the market in the past 51 or so days. Watch the 90-day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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