$450,000
SOLD JUL 21, 2025
2 Beds
1 Bath
696 Sq Ft
1.14 Acres

Recently Sold

$647 Per Sq Ft

10% Below List Price

56 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • High Ceiling
  • 1.14 Acre Lot
  • Wood Flooring
  • Private Yard

About This Home

As of July 2025

Prime Development Opportunity – 1+ Acre Zoned R7 Seize the chance to own over an acre of level, developable land in a highly sought-after location, just moments from schools, shopping, and major commuter routes. Zoned R7 (buyer to verify), this property offers the potential for up to 7 units per acre, making it ideal for a short plat, townhome development, or long-term investment. Buyers do their due diligence. Included is a 2BD/1BA home, offering immediate rental income or a residence during your planning and permitting stages. The flat topography, proximity to utilities, and strong development potential make this an outstanding opportunity. Priced competitively to sell quickly don’t miss out on this exceptional investment!

Last Agent to Sell the Property

Kevin Truong

Call it Closed International, Inc Brokerage Phone: 503-998-7088 License #200606224 Listed on: 05/14/2025

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,742

Year Built

  • Built in 1953

Lot Details

  • 1.14 Acre Lot
  • Level Lot
  • Private Yard
  • Property is zoned R7

Parking

  • 1 Car Attached Garage
  • Off-Street Parking
  • RV Access or Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Cedar

Interior Spaces

  • 696 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Territorial Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Kelly Elementary School
  • Lane Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R146045

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,742

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1953
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, Ranch
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 11 Features: Pantry
  • Room 12 Features: HardwoodFloors
  • Room 13 Features: HardwoodFloors
  • Room 7 Features: HardwoodFloors
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.0
  • Fireplaces: 1
  • Interior Amenities: HardwoodFloors, HighCeilings, Laundry
  • Basement: CrawlSpace
  • Appliances: Dishwasher, FreeStandingRange, FreeStandingRefrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: Acres1to3
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Bedroom 7 Area: 80
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Cedar
  • Exterior Features: RVParking, Yard
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Level, LightRail
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Parking Description: OffStreet, RVAccessParking
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Kelly
  • High School: Franklin
  • Middle Or Junior School: Lane

Lot Info

  • Zoning: R7
  • Land Lease: No
  • Lot Size Acres: 1.14
  • Lot Size Sq Ft: 49658.0
  • Parcel #: R146045

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 1000

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 6741.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2025
Closed on
Jul 24, 2025
Sold by
Michael Alden Smith Trust and Smith Michael Alden
Bought by
7916 Lambert Llc
Seller's Agent
Kevin Truong
Call it Closed International, Inc
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.86%
Original Mortgage
$175,000
Outstanding Balance
$175,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$311,621

Purchase Details

Listed on
May 14, 2025
Closed on
Jul 18, 2025
Sold by
Truong Revocable Trust and Truong An Hoang
Bought by
Michael Alden Smith Trust and Smith
Seller's Agent
Kevin Truong
Call it Closed International, Inc
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$175,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$311,621

Purchase Details

Listed on
Oct 4, 2018
Closed on
Nov 9, 2018
Sold by
Wilder Tack Dylan
Bought by
Truong An Hoang and Truong Linda Tao
Seller's Agent
Kristin Winter
Living Room Realty
Buyer's Agent
Rachell Bui
Call it Closed International, Inc
List Price
$339,900
Sold Price
$330,000
Premium/Discount to List
-$9,900
-2.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%
Original Mortgage
$235,620
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2009
Sold by
Orr Kevin
Bought by
Wilder Tack Dylan

Purchase Details

Closed on
Jul 24, 2005
Sold by
Cleaver Thomas M and Cleaver Jerie A
Bought by
Orr Kevin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 3, 1999
Sold by
Cleaver Thomas M
Bought by
Cleaver Jerie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,800
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Bargain Sale Deed -- First American Title
Warranty Deed $450,000 Ticor Title
Warranty Deed $330,000 First American Title
Warranty Deed $155,000 Ticor Title
Warranty Deed $200,000 Pacific Nw Title
Interfamily Deed Transfer -- Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 New Conventional
Closed $170,000 New Conventional
Previous Owner $235,620 New Conventional
Previous Owner $30,000 Stand Alone Second
Previous Owner $160,000 Fannie Mae Freddie Mac
Previous Owner $61,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Sold $450,000 -10.0% $647 / Sq Ft
07/09/2025 07/09/25 Pending -- -- --
05/14/2025 05/14/25 For Sale $500,000 +51.5% $718 / Sq Ft
11/13/2018 11/13/18 Sold $330,000 -2.9% $474 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $339,900 -- $488 / 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 $6,742 $259,500 -- --
2023 $6,742 $251,950 $0 $0
2022 $6,532 $244,620 $0 $0
2021 $6,421 $237,500 $0 $0
2020 $5,844 $230,590 $0 $0
2019 $5,533 $223,880 $0 $0
2018 $5,508 $217,360 $0 $0
2017 $5,279 $211,030 $0 $0
2016 $4,831 $204,890 $0 $0
2015 $4,704 $198,930 $0 $0
2014 $4,633 $193,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 503285197

Regional Multiple Listing Service (RMLS)

APN: R146045