Seller's Agent in 2021
Jeff Edmondson
24/7 Properties
(916) 295-8714
140 Total Sales
506 E Main St Molalla, OR 97038
Estimated Value: $389,000 - $535,000
5
Beds
3
Baths
3,240
Sq Ft
$146/Sq Ft
Est. Value
Highlights
- Views
- Level Lot
- Lap Siding
About This Home
As of July 2021Great investment opportunity in Molalla. Updated triplex. Near bus line, shopping, restaurants. Off street parking, yard, basement for storage. Don't miss this opportunity. Seller is doing a 1031 exchange.
Last Agent to Sell the Property
24/7 Properties License #200802126 Listed on: 03/24/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920 | Remodeled
Lot Details
- Level Lot
Parking
- Assigned Parking
Home Design
- Block Foundation
- Lap Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Storage
- Range
- Property Views
Utilities
- Heating System Uses Gas
- Electric Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Rent includes trash collection, sewer, water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2021
Closed on
Jun 25, 2021
Sold by
Welch Michael A
Bought by
Berggren Doug W and Berggren Heather J
Seller's Agent
Jeff Edmondson
24/7 Properties
Buyer's Agent
David Raines
24/7 Properties
List Price
$479,950
Sold Price
$430,000
Premium/Discount to List
-$49,950
-10.41%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,519
Avg. Annual Appreciation
2.23%
Original Mortgage
$322,500
Outstanding Balance
$291,347
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$183,172
Purchase Details
Closed on
Jun 13, 2019
Sold by
Peterson Roger D
Bought by
Peterson Investment Properties Llc
Purchase Details
Closed on
Apr 21, 2017
Sold by
Allanmarie Properties Llc
Bought by
Welch Michael A
Purchase Details
Closed on
Mar 21, 2017
Sold by
Allanmarie Properties Llc
Bought by
Welch Michael A
Purchase Details
Closed on
Oct 16, 2013
Sold by
Welch Michael and Welch Sonja
Bought by
Allanmarie Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
4.55%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 3, 2004
Sold by
Peterson Roger
Bought by
Welch Michael and Welch Sonja
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,800
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Berggren Doug W | $430,000 | Lawyers Title | |
| Peterson Investment Properties Llc | -- | None Available | |
| Welch Michael A | -- | None Available | |
| Welch Michael A | -- | None Available | |
| Allanmarie Properties Llc | -- | First American | |
| Welch Michael | $168,500 | First American |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Berggren Doug W | $322,500 | |
| Previous Owner | Allanmarie Properties Llc | $249,000 | |
| Previous Owner | Welch Michael | $134,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/07/2021 07/07/21 | Sold | $430,000 | -4.2% | $133 / Sq Ft |
| 06/02/2021 06/02/21 | Pending | -- | -- | -- |
| 05/05/2021 05/05/21 | Price Changed | $448,950 | -0.2% | $139 / Sq Ft |
| 04/06/2021 04/06/21 | Price Changed | $449,950 | -6.3% | $139 / Sq Ft |
| 03/24/2021 03/24/21 | For Sale | $479,950 | -- | $148 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $3,618 | $188,854 | -- | -- |
| 2024 | $3,497 | $183,354 | -- | -- |
| 2023 | $3,497 | $178,014 | $0 | $0 |
| 2022 | $2,883 | $172,830 | $0 | $0 |
| 2021 | $2,765 | $167,797 | $0 | $0 |
| 2020 | $2,688 | $162,910 | $0 | $0 |
| 2019 | $2,610 | $158,166 | $0 | $0 |
| 2018 | $2,537 | $153,559 | $0 | $0 |
| 2017 | $2,432 | $149,086 | $0 | $0 |
| 2016 | $4,209 | $144,744 | $0 | $0 |
| 2015 | $1,894 | $118,813 | $0 | $0 |
| 2014 | $1,835 | $115,352 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Edmondson
-
David Raines
Buyer's Agent in 2021
David Raines
24/7 Properties
(503) 607-4216
86 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 21427961
APN: 01099484
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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