NOT LISTED FOR SALE

124 E 5th St Molalla, OR 97038

Estimated Value: $387,000 - $446,000

5 Beds
2 Baths
2,268 Sq Ft
$188/Sq Ft Est. Value

Last Sold October 20, 2015

Last sale price $208,000 $92 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,498/month

114 Days on Market

Highlights

  • RV Access or Parking
  • Views
  • Parking Storage or Cabinetry
  • Detached Garage
  • Storage
  • Level Lot

About This Home

As of October 2015

Excellent location, across the street from Rex Park and Molalla Library. Long-term renters. RV-parking, detached garages. Many updates to the lower unit. Upper unit has long-term renter. Would make excellent owner-occupied rental.

Last Agent to Sell the Property

Merilee Lloyd

Mal & Seitz License #200407042 Listed on: 03/18/2015

Last Buyer's Agent

Jeanie White

McCully Realty License #200501074

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,847

Year Built

  • Built in 1920

Lot Details

  • 7,405

Home Design

  • Vinyl Siding

Interior Spaces

  • Window Treatments
  • Storage
  • Washer and Dryer Hookup
  • Property Views

Kitchen

  • Range
  • Dishwasher

Parking

  • Detached Garage
  • Parking Storage or Cabinetry
  • RV Access or Parking

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,847

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2268
  • Year Built: 1920
  • Year Built Description: Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: 1998-27 PARTITION PLAT PARCEL 1
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • View: Park/Greenbelt
  • View: Yes

Garage/Parking

  • Parking Description: Detached, RV Access/Parking

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace
  • Utilities Included: Water

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Storage, Washer/Dryer Hookup, Window Coverings

Schools

  • Elementary School: Molalla
  • High School: Molalla

Lot Info

  • Lot Description: Level
  • Zoning: MULTI

Tax Info

  • Tax Amount: 1765.17
  • Assessor Parcel Number: 01106626

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.73

MLS Schools

  • Elementary School: Molalla
  • High School: Molalla

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2015
Closed on
Oct 13, 2015
Sold by
Harris Darrell and Harris Jane
Bought by
Carstensen Nicholls
Seller's Agent
Merilee Lloyd
Mal & Seitz
Buyer's Agent
Jeanie White
McCully Realty
List Price
$215,000
Sold Price
$208,000
Premium/Discount to List
-$7,000
-3.26%
Current Estimated Value
$426,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,483
Avg. Annual Appreciation
7.48%
Original Mortgage
$204,232
Outstanding Balance
$158,585
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$267,898

Purchase Details

Closed on
Feb 3, 2003
Sold by
Charriere Felix and Charriere Vera L
Bought by
Harris Darrell and Harris Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,050
Interest Rate
7.75%

Purchase Details

Closed on
Sep 17, 1997
Sold by
Henderer Ellis W and Henderer Margaret E
Bought by
Kraxberger Lynn and Mar Lyn Homes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,100
Interest Rate
9%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Carstensen Nicholls $208,000 Fidelity Natl Title Co Of Or
Harris Darrell $97,845 Pacific Nw Title
Kraxberger Lynn $118,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carstensen Nicholls $204,232
Previous Owner Harris Darrell $102,050
Previous Owner Kraxberger Lynn $95,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2015 10/20/15 Sold $208,000 -3.3% $92 / Sq Ft
07/10/2015 07/10/15 Pending -- -- --
03/18/2015 03/18/15 For Sale $215,000 -- $95 / 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 $2,847 $149,297 -- --
2023 $2,847 $144,949 $0 $0
2022 $2,348 $140,728 $0 $0
2021 $2,252 $136,630 $0 $0
2020 $2,189 $132,651 $0 $0
2019 $2,125 $128,788 $0 $0
2018 $2,066 $125,037 $0 $0
2017 $1,981 $121,395 $0 $0
2016 $1,878 $117,859 $0 $0
2015 $1,824 $114,426 $0 $0
2014 $1,765 $111,093 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Merilee Lloyd

    Seller's Agent in 2015

    Merilee Lloyd

    Mal & Seitz

    (503) 307-2263

    60 Total Sales

    Merilee Lloyd
    Section Image

  • J

    Buyer's Agent in 2015

    Jeanie White

    McCully Realty

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15110907

Regional Multiple Listing Service (RMLS)

APN: 01106626

Oregon Clackamas County Molalla 97038

124 E 5th St, Molalla, OR

This home is located at 124 E 5th St, Molalla, OR 97038 since 18 March 2015 and is currently estimated at $426,483, approximately $188 per square foot. This property was built in 1920. 124 E 5th St is a home located in Clackamas County with nearby schools including Molalla River Academy, Country Christian School, and Oregon Outreach - Molalla Pride.

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