NOT LISTED FOR SALE

523 E 2nd St Molalla, OR 97038

Estimated Value: $430,000 - $501,000

3 Beds
1 Bath
1,374 Sq Ft
$340/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $430,000 $313 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,882/month

72 Days on Market

Highlights

  • City View
  • No HOA
  • Porch
  • Wood Flooring
  • Wood Frame Window
  • 2 Car Attached Garage

About This Home

As of November 2023

Picture perfect, single story home on a level quarter acre in the heart of Molalla. This versatile home works well for a primary residence or for real estate development. Zoned R3 with quality multi-family development nearby. Walkable to shops and restaurants in downtown Molalla. Newer roof and solid bones with a great layout. One story living and a large, flat yard. Great home for starters, retirees or developers.

Last Agent to Sell the Property

Dennis Coxen

Real Broker License #201215852 Listed on: 07/28/2023

Real Broker

Last Buyer's Agent

Moises Manon

Earnest Real Estate License #201238717

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,814

Year Built

  • Built in 1962

Lot Details

  • 0.26 Acre Lot
  • Level Lot
  • Property is zoned R3

Parking

  • 2 Car Attached Garage
  • Driveway
  • Secured Garage or Parking

Home Design

  • Shingle Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,374 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • City Views
  • Security System Owned

Kitchen

  • Built-In Oven
  • Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Accessible Home Design

  • Accessibility Features
  • Level Entry For Accessibility

Outdoor Features

  • Porch

Schools

  • Molalla Elementary School
  • Molalla River Middle School
  • Molalla High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Oil
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01099457

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,814

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 1962
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 430000.0
  • Open House: No
  • Room 12 Features: Fireplace,HardwoodFloors
  • Room 13 Features: HardwoodFloors
  • Room 7 Features: HardwoodFloors
  • Room 8 Features: HardwoodFloors
  • Special Features: None

Interior Features

  • Accessibility Features: OneLevel
  • Total Bathrooms: 1.0
  • Fireplaces: 1
  • Interior Amenities: HardwoodFloors
  • Basement: None
  • Window Features: WoodFrames
  • Appliances: BuiltinOven, Cooktop
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt10000to14999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: T111Siding
  • Exterior Features: Porch
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Shingle
  • View: City

Garage/Parking

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

Utilities

  • Fuel Description: Oil
  • Hot Water: Tank
  • Security: SecuritySystemOwned
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Molalla
  • High School: Molalla
  • Middle Or Junior School: Molalla River

Lot Info

  • Farm: No
  • Zoning: R3
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11325.0
  • Parcel #: 01099457

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 2813.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Nov 6, 2023
Sold by
Huiras Elnora
Bought by
Morales-Ruiz Juan A
Seller's Agent
Dennis Coxen
Real Broker
Buyer's Agent
Moises Manon
Earnest Real Estate
List Price
$465,000
Sold Price
$430,000
Premium/Discount to List
-$35,000
-7.53%
Views
85
Current Estimated Value
$466,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,882
Avg. Annual Appreciation
3.92%
Original Mortgage
$422,211
Outstanding Balance
$414,202
Interest Rate
7.31%
Mortgage Type
FHA
Estimated Equity
$52,680

Purchase Details

Closed on
Feb 12, 2007
Sold by
Huiras Nona
Bought by
Huiras Elnora
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morales-Ruiz Juan A $440,000 Ticor Title
Huiras Elnora -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales-Ruiz Juan A $422,211
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2023 11/09/23 Sold $430,000 -7.5% $313 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $465,000 -- $338 / 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
2025 $5,228 $272,935 -- --
2024 $5,054 $264,986 -- --
2023 $5,054 $198,499 $0 $0
2022 $2,814 $192,718 $0 $0
2021 $2,698 $187,105 $0 $0
2020 $2,623 $181,656 $0 $0
2019 $2,547 $176,366 $0 $0
2018 $2,475 $171,229 $0 $0
2017 $2,373 $166,242 $0 $0
2016 $2,250 $161,400 $0 $0
2015 $2,186 $156,699 $0 $0
2014 $2,118 $152,135 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23073966

Regional Multiple Listing Service (RMLS)

APN: 01099457