NOT LISTED FOR SALE

Estimated Value: $1,772,000 - $2,069,000

0.25 Acre
$7,664,436 Price per Acre
10,890 Sq Ft Lot

Last Sold July 31, 2015

Last sale price $275,000 $70 Per Sq Ft

Est. 597% increase in value since last sale

Current estimated payment $12,086/month

13 Days on Market

About This Lot

As of July 2015

Rare and beautiful lot in established Rainbow Terrace area of Lake Oswego. Level lot with gentle slope to the back of the lot. Lateral sewer line installed at the rear of lot with a 5.0' depth as per city. The jut-out of the driveway of the owner's lot next door can be removed. Buyer to do their due diligence.

Last Listed By

Alice Dagilaitis

Premiere Property Group, LLC License #200010175 Listed on: 06/09/2015

Premiere Property Group, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,554

Year Built

  • 2016

Lot Details

  • Cleared Lot
  • Property is zoned R10

Property Details

Property Type

Land

Est. Annual Taxes

$17,554

Year Built

2016

Lot Details

0

Listing Details

  • Property Category: Land
  • Property Type: Single Family Residence
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 2016

Interior Features

  • Legal Description: 789 RAINBOW TERRACE LT 019

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available

Schools

  • Elementary School: Forest Hills
  • Middle School: Lake Oswego
  • High School: Lake Oswego

Lot Info

  • Lot Description: Cleared
  • Acres: 0.25
  • Zoning: R10
  • Number Of Lots Total: 1
  • Present Use: Residential
  • Topography: Gentle Sloping
  • Soil Condition: Native

Rental Info

  • Availability: Sale

Tax Info

  • Tax Amount: 1394.58
  • Assessor Parcel Number: 00216091

MLS Schools

  • Elementary School: Forest Hills
  • High School: Lake Oswego
  • Middle School: Lake Oswego

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2016
Sold by
Renaissance Custom Homes Llc
Bought by
Chidambaram Palaniappan and Palantappan Kalyani
Total Days on Market
13
Current Estimated Value
$1,916,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$998,002
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2015
Closed on
Jul 28, 2015
Sold by
Mount Lindy
Bought by
Renaissance Custom Homes Llc
Seller's Agent
Alice Dagilaitis
Premiere Property Group, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$300,000
Sold Price
$275,000
Premium/Discount to List
-$25,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.54%
Original Mortgage
$82,500
Interest Rate
4.05%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 8, 2008
Sold by
Mount Lindy and Mount Tenny Myron
Bought by
Mount Lindy

Purchase Details

Closed on
Dec 6, 1996
Sold by
Mount Paul E and Mount Ruth A
Bought by
Mount Paul E and Mount Ruth A

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
Chidambaram Palaniappan $1,132,476 Lawyers
Renaissance Custom Homes Llc $275,000 Lawyers Title
Mount Lindy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chidambaram Palaniappan $778,000
Closed Chidambaram Palaniappan $998,002
Previous Owner Renaissance Custom Homes Llc $780,000
Previous Owner Renaissance Custom Homes Llc $82,500
Previous Owner Renaissance Custom Homes Llc $192,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $275,000 -8.3% $70 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
06/09/2015 06/09/15 For Sale $300,000 -- $77 / 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
2023 $17,554 $885,205 $0 $0
2022 $16,533 $859,423 $0 $0
2021 $15,270 $834,392 $0 $0
2020 $14,886 $810,090 $0 $0
2019 $14,520 $786,496 $0 $0
2018 $13,808 $763,588 $0 $0
2017 $13,324 $741,348 $0 $0
2016 $1,462 $86,775 $0 $0
2015 $1,413 $84,248 $0 $0
2014 $1,395 $81,794 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15480528

Regional Multiple Listing Service (RMLS)

APN: 00216091