NOT LISTED FOR SALE

24140 SW Petes Mountain Rd West Linn, OR 97068

Estimated Value: $3,691,437 - $8,673,000

5 Beds
10 Baths
10,115 Sq Ft
$548/Sq Ft Est. Value

Last Sold April 23, 2020

Last sale price $2,900,000 $287 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $35,308/month

250 Days on Market

Highlights

  • Home Theater
  • Custom Home
  • Built-In Refrigerator
  • Willamette Primary School Rated A-
  • River View
  • 3-minute walk to Willamette Park

About This Home

As of April 2020

Exquisite Riverfront Estate: A truly unique opportunity outside of Portland offering 6.79 of meticulously landscaped acres on a secure gated parcel. Meeting at the confluence of the Tualatin & Willamette Rivers you'll be swept away by the expansive views & the rustic setting of the established vineyard. This custom built home has all the luxurious appointments to make any and all feel like royalty. Walkable to shops and restaurants.

Last Agent to Sell the Property

Nick Krautter

City and State Real Estate License #200601292 Listed on: 06/25/2019

Co-Listed By

Glenn Matz PC

Keller Williams PDX Central License #990400214

Last Buyer's Agent

Mimi Mccaslin

LUXE Forbes Global Properties License #910600032

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,124

Year Built

  • Built in 2000 | Remodeled

Lot Details

  • 6.79 Acre Lot
  • River Front
  • Property fronts a private road
  • Gated Home
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Garden
  • Property is zoned TBR

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Home Design

  • Custom Home
  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 10,115 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Sound System
  • Built-In Features
  • 5 Fireplaces
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Den
  • Bonus Room
  • Tile Flooring
  • River Views
  • Security Lights
  • Laundry Room

Kitchen

  • Convection Oven
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Soaking Tub

Outdoor Features

  • Patio

Schools

  • Willamette Elementary School
  • Athey Creek Middle School
  • Wilsonville High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Willamette Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00751500

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,124

Year Built

Built in 2000 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 2000
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: CustomStyle, MediterraneanMissionSpanish
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 10 Features: Fireplace
  • Room 11 Features: GourmetKitchen,Island,Nook
  • Room 12 Features: Fireplace,Formal
  • Room 13 Features: Fireplace
  • Room 9 Features: BayWindow,Formal
  • Special Features: None

Interior Features

  • Total Bathrooms: 6.4
  • Fireplaces: 5
  • Interior Amenities: CentralVacuum, GarageDoorOpener, HomeTheater, Laundry, SoakingTub, SoundSystem, TileFloor
  • Room 4 Description: Den
  • Room 4 Features: BuiltinFeatures
  • Room 4 Level: Main
  • Room 5 Description: BonusRoom
  • Room 5 Features: Fireplace
  • Room 5 Level: Upper
  • Room 6 Description: MediaRoom
  • Room 6 Features: BuiltinFeatures
  • Room 6 Level: Main
  • Appliances: BuiltinRefrigerator, ConvectionOven, Dishwasher, Disposal, GasAppliances, Island, Microwave, Pantry, TrashCompactor, WineCooler
  • Full Bathrooms: 6
  • Half Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Main Level Full Bathrooms: 3
  • BathroomsFullUpperLevel: 3
  • BathroomsPartialMainLevel: 3
  • BathroomsPartialUpperLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 3.3
  • BathroomsTotalUpperLevel: 3.1
  • Lot Size Range: Acres5to7
  • Other Room10 Area: 540
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Fourth Bedroom Area: 272
  • Bedroom 7 Area: 208
  • 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: 210
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Garden, GasHookup, Patio, PrivateRoad, SecurityLights, Sprinkler, Yard
  • Lot Size: 5 to 6.99 Acres
  • Waterfront: Yes
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Gated, Level, Private, Secluded
  • Water Body Name: Willamette, Tualatin
  • Waterfront Features: RiverFront
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Tile
  • View: River

Garage/Parking

  • Garage Type: Attached
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Willamette
  • High School: Wilsonville
  • Middle Or Junior School: Athey Creek

Lot Info

  • Zoning: TBR
  • Lot Size Acres: 6.79
  • Lot Size Sq Ft: 295772.0
  • Parcel #: 00751500

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral Desc: Farm Land Use
  • Tax Deferral: Yes
  • Tax Year: 2018
  • Tax Annual Amount: 40123.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2019
Closed on
Apr 23, 2020
Sold by
Mccornick William C and Mccornick Jani E
Bought by
Beriso Temesgen
Seller's Agent
Nick Krautter
City and State Real Estate
Buyer's Agent
Mimi Mccaslin
LUXE Forbes Global Properties
List Price
$3,450,000
Sold Price
$2,900,000
Premium/Discount to List
-$550,000
-15.94%
Current Estimated Value
$5,542,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,642,812
Avg. Annual Appreciation
12.78%
Original Mortgage
$2,600,000
Outstanding Balance
$2,303,961
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,260,155

Purchase Details

Closed on
Jul 9, 2009
Sold by
Mccormick William C
Bought by
Mccormick William C and Mccormick Jani E

Purchase Details

Closed on
Jan 12, 2007
Sold by
Mccormick William C
Bought by
Mccormick William C and William C Mccormick Trust

Purchase Details

Closed on
Aug 30, 2006
Sold by
Mccormick Jani E
Bought by
Mccormick William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.35%
Mortgage Type
Unknown

Purchase Details

Closed on
May 19, 2006
Sold by
Mccormick William C
Bought by
Mccormick William C and Mccormick Jani E

Purchase Details

Closed on
Aug 10, 2004
Sold by
Hinrichs Jay
Bought by
Jadee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2004
Sold by
Yellow Pine Llc
Bought by
Mccormick William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2004
Sold by
Casa Grande De Luna Llc
Bought by
Yellow Pine Llc

Purchase Details

Closed on
Jun 25, 2003
Sold by
Kersey Jerome
Bought by
Luna Casa Grande De

Purchase Details

Closed on
Nov 2, 2001
Sold by
Kersey Jerome
Bought by
Kersey Jerome and Jerome Kersey Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 1999
Sold by
Balcomb Laurie Kai and Balcomb Matthew Allen
Bought by
Kersey Jerome

Purchase Details

Closed on
Feb 17, 1999
Sold by
Balcomb Laurie Kai
Bought by
Balcomb Laurie Kai and Balcomb Matthew Allen
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 Buyer Sale Price Title Company
Beriso Temesgen $2,900,000 Old Republic Title Co Of Or
Mccormick William C -- None Available
Mccormick William C -- None Available
Mccormick William C -- Lawyers Title Ins
Mccormick William C -- Accommodation
Jadee Llc -- Chicago Title Insurance Co
Mccormick William C $5,000,000 Chicago Title Insurance Co
Yellow Pine Llc -- --
Luna Casa Grande De $1,800,000 Chicago
Kersey Jerome -- Fidelity National Title Co
Kersey Jerome $625,000 Chicago Title Insurance Co
Balcomb Laurie Kai -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beriso Temesgen $2,600,000
Previous Owner Mccormick William C $2,500,000
Previous Owner Mccormick William C $3,000,000
Previous Owner Kersey Jerome $2,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2020 04/23/20 Sold $2,900,000 -1.7% $287 / Sq Ft
03/21/2020 03/21/20 Pending -- -- --
03/06/2020 03/06/20 Price Changed $2,950,000 -14.5% $292 / Sq Ft
07/15/2019 07/15/19 For Sale $3,450,000 -- $341 / 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 $72,446 $4,364,592 -- --
2023 $72,446 $4,237,468 $0 $0
2022 $67,369 $4,114,047 $0 $0
2021 $44,622 $3,084,604 $0 $0
2020 $42,044 $2,774,065 $0 $0
2019 $40,356 $2,724,551 $0 $0
2018 $40,124 $2,766,201 $0 $0
2017 $36,584 $2,554,369 $0 $0
2016 $34,677 $2,410,922 $0 $0
2015 $50,068 $3,251,602 $0 $0
2014 $61,708 $4,178,232 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19332489

Regional Multiple Listing Service (RMLS)

APN: 00751500