NOT LISTED FOR SALE

523 E 2nd St Unit 7 Rainier, OR 97048

Estimated Value: $488,641 - $548,000

0.17 Acre
$3,045,059 Price per Acre
7,405 Sq Ft Lot

Last Sold January 03, 2020

Last sale price $25,000

Est. 1,971% increase in value since last sale

Current estimated payment $3,102/month

115 Days on Market

Highlights

  • Views
  • Brush Vegetation
  • Level Lot
  • Landscaped with Trees

About This Lot

As of January 2020

Highly desired buildable property that will allow Manufactured Home or Stick-Built Home. Peak-a-boo view of Columbia river from this mostly level building site. A short walk to the river and shopping. 50' road frontage with public utilities available. Site is 145' deep with a sloping hillside on the back which is wonderful for creative landscapers!

Last Agent to Sell the Property

Sarah Borders

RE/MAX Powerpros License #201226107 Listed on: 08/12/2019

RE/MAX Powerpros

Last Buyer's Agent

Carol Shaw

Ark Real Estate License #201207617

Property Details

Property Type

  • Land

Lot Details

  • Brush Vegetation
  • Level Lot
  • Cleared Lot
  • Landscaped with Trees
  • Property is zoned R-2

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Land
  • Property Type: Residential/Recreational
  • Manufactured Home Allowed: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Legal Description: 7N2W16DC 3600

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • Lot Dimensions: 50x145
  • View: Seasonal, Trees/Woods
  • View: Yes
  • Road Frontage: Yes
  • Road Surface: Paved

Utilities

  • Utilities: Natural Gas Available, Electricity Available, Sewer Available, Water Available, Cable Available, Phone Available

Association/Amenities

  • Existing Structures Description: Shed(s)
  • Existing Structures: Yes

Schools

  • School High2: Rainier

Lot Info

  • Lot Description: Brush, Cleared, Trees, Public Road
  • Acres: 0.17
  • Zoning: R-2
  • Number Of Lots Total: 1
  • Present Use: Raw Land, Residential
  • Soil Condition: Native
  • Land Description: Level, Gentle Sloping

Rental Info

  • Availability: Sale

Tax Info

  • Tax Amount: 1339.54
  • Assessor Parcel Number: 18295
  • Tax Year: 2018

MLS Schools

  • Elementary School: Hudson Park
  • High School: Rainier

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2024
Sold by
Kassab Joe and Kassab Judina
Bought by
Shields Jesse R and Shields Jamie L
Current Estimated Value
$517,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,958
Outstanding Balance
$476,073
Interest Rate
6.74%
Mortgage Type
FHA
Estimated Equity
$41,587

Purchase Details

Closed on
Sep 3, 2020
Sold by
Murphy Richard G
Bought by
Kassab Joe and Kassab Judina

Purchase Details

Listed on
Aug 12, 2019
Closed on
Jan 2, 2020
Sold by
Murphy Richard G
Bought by
Hathaway David and Hathaway Julie
Seller's Agent
Sarah Borders
RE/MAX Powerpros
Buyer's Agent
Carol Shaw
Ark Real Estate
List Price
$30,000
Sold Price
$25,000
Premium/Discount to List
-$5,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.70%

Purchase Details

Closed on
Jul 2, 2019
Sold by
Seawright Patrice
Bought by
Murphy Richard G

Purchase Details

Closed on
Jan 10, 2018
Sold by
Elbert Melanie
Bought by
Searwright Patrice

Purchase Details

Closed on
Nov 21, 2017
Sold by
Kelley Leonard
Bought by
Elbert Melanie

Purchase Details

Closed on
Mar 8, 2017
Sold by
Chase Eunice
Bought by
Kelley Leonard and Elbert Melanie

Purchase Details

Closed on
Feb 11, 2010
Sold by
Chase Lyle
Bought by
Chase Eunice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shields Jesse R $492,888 Fidelity National Title
Kassab Joe $58,900 Ticor Title Company Of Or
Hathaway David $25,000 Ticor
Murphy Richard G -- None Available
Searwright Patrice $65,000 Ticor Title Co
Elbert Melanie $17,000 None Available
Kelley Leonard $45,000 Ticor Title
Chase Eunice -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shields Jesse R $483,958
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2020 01/03/20 Sold $25,000 -16.7% --
12/05/2019 12/05/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $30,000 0.0% --
09/10/2019 09/10/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $30,000 -- --
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 $4,546 $246,140 $35,770 $210,370
2024 $4,440 $238,980 $34,730 $204,250
2023 $4,378 $232,020 $54,050 $177,970
2022 $661 $39,450 $39,450 $0
2021 $831 $44,170 $20,052 $24,118
2020 $997 $52,941 $29,178 $23,763
2019 $1,326 $71,860 $22,544 $49,316
2018 $1,340 $69,770 $31,240 $38,530
2017 $1,327 $67,740 $30,330 $37,410
2016 $1,289 $65,770 $29,450 $36,320
2015 $847 $63,860 $28,610 $35,250
2014 $806 $62,000 $29,000 $33,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19459261

Regional Multiple Listing Service (RMLS)

APN: 0301072160430360000