$700,000
SOLD OCT 18, 2024

1035 SE Olive Way Estacada, OR 97023

5 Beds
2.5 Baths
2,939 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

7% Below List Price

142 Days on Market

Highlights

  • New Construction
  • High Ceiling
  • Private Yard
  • Territorial View
  • Quartz Countertops
  • Home Office

About This Home

As of October 2024

Seller is offering $10K towards rate buy down with full price offer. Fantastic opportunity to purchase one of the last few new construction homes in Thomas Heights. Stunning open concept home with large windows providing plenty of natural lighting, 5 bedrooms, office, backs to greenspace with territorial views. A seamless flow from the living area to the Chefs kitchen, an entertainers dream with ample space to gather. Living area opens to covered back deck with breathtaking views. The Primary Suite is a secluded oasis with spectacular views, offering a spa-like bathroom outfitted with dual vanities, a glass-enclosed shower, and a soaking tub and walk-in closet. Truly an amazing property.

Last Agent to Sell the Property

Brian Eustis

MORE Realty Brokerage Phone: License #200412129 Listed on: 05/03/2024

MORE Realty

Last Buyer's Agent

Gayle Clopton

Realty First License #780403133

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,343

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Private Yard

HOA Fees

  • $95 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Composition Roof
  • Board and Batten Siding
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 2,939 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Propane Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Territorial Views
  • Laundry Room

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Quartz Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Soaking Tub

Basement

  • Crawl Space
  • Basement Storage

Outdoor Features

  • Covered Deck

Schools

  • Clackamas River Elementary School
  • Estacada Middle School
  • Estacada High School

Utilities

  • 95% Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Electric Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 05036403

Community Details

Overview

  • Thomas Heights HOA, Phone Number (503) 445-1123
  • On-Site Maintenance

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,343

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$95 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Warranty: HomeWarranty
  • Year Built: 2024
  • Property Condition: NewConstruction
  • New Construction Builders Required Addendums: No
  • New Construction Builders Warranty: No
  • New Construction C C B Type: Residential
  • New Construction Early Release Earnest Money: No
  • New Construction Oregon C C B Notices Attached: No
  • New Construction Permit Number: 297-23-000361-DWL
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2
  • New Construction: Yes
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksAssociation: Monthly HOA covers common area maintenance, insurance, management fees and front yard maintenance and irrigation water per CMI. Buyer to verify information.
  • PublicRemarksNewConstruction: Seller is a private money lender - not the builder.
  • Room 11 Features: Dishwasher,GasAppliances,Island,Microwave,Pantry
  • Room 12 Features: BuiltinFeatures,Deck,Fireplace,SlidingDoors
  • Special Features: 4098

Interior Features

  • Total Bathrooms: 2.1
  • Fireplaces: 1
  • Interior Amenities: GarageDoorOpener, HighCeilings, Laundry, Quartz, SoakingTub, TileFloor, VinylFloor, WalltoWallCarpet
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Upper
  • Room 5 Description: _5thBedroom
  • Room 5 Level: Upper
  • Room 6 Description: Office
  • Room 6 Level: Main
  • Basement: CrawlSpace, StorageSpace
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: Dishwasher, Disposal, FreeStandingGasRange, Island, Microwave, Pantry, PlumbedForIceMaker, Quartz, StainlessSteelAppliance, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Propane
  • Fireplace: Yes
  • Association Contact: Michael Henry
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt7000to9999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Fourth Bedroom Area: 144
  • Fifth Bedroom Area: 169
  • Bedroom 6 Area: 96
  • Bedroom 7 Area: 156
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Other Room8 Area: 195
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Other Room9 Area: 135
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: BoardBattenSiding,CementSiding,LapSiding
  • Exterior Features: CoveredDeck, Fenced, PublicRoad, Yard
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, OffStreet
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Propane
  • Hot Water: Electricity
  • Cooling: AirConditioningReady
  • Cooling Y N: No
  • Heating: ForcedAir95Plus
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: Commons, Insurance, MaintenanceGrounds, Management
  • Senior Community: No
  • Association Fee: 95.0
  • Association Fee Frequency: Monthly
  • Association Name: Thomas Heights HOA
  • Phone: 503-445-1123
  • Association: Yes
  • Association Email: michaelh@communitymgt.com

Association/Amenities

  • AssociationAddress: Community Managment Inc
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Clackamas River
  • High School: Estacada
  • Middle Or Junior School: Estacada

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583.0
  • Parcel #: 05036403

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 1343.47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Oct 15, 2024
Sold by
Wasatch Credit Association
Bought by
Mckenzie Brendan F
Seller's Agent
Brian Eustis
MORE Realty
Buyer's Agent
Gayle Clopton
Realty First
List Price
$749,900
Sold Price
$700,000
Premium/Discount to List
-$49,900
-6.65%
Views
49
Current Estimated Value
$701,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,678
Avg. Annual Appreciation
0.71%
Original Mortgage
$560,000
Outstanding Balance
$556,831
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$147,739

Purchase Details

Closed on
Mar 2, 2023
Sold by
Thomas Heights Llc
Bought by
Wasatch Credit Association Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 Wfg Title
Deed In Lieu Of Foreclosure -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $700,000 -6.7% $238 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
07/28/2024 07/28/24 For Sale $749,900 0.0% $255 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $749,900 -- $255 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,595 $165,450 -- --
2023 $2,595 $85,062 $0 $0
2022 $1,307 $82,585 $0 $0
2021 $1,273 $80,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24517372

Regional Multiple Listing Service (RMLS)

APN: 05036403