NOT LISTED FOR SALE

985 Edgewater Rd Gladstone, OR 97027

Estimated Value: $507,000 - $798,000

3 Beds
1.5 Baths
1,216 Sq Ft
$590/Sq Ft Est. Value

Last Sold May 14, 2020

Last sale price $630,000 $518 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,556/month

5 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • River View
  • A-Frame Home
  • RV Access or Parking
  • 1.42 Acre Lot
  • Deck

About This Home

As of May 2020

Clackamas River frontage! This unique property features an A frame house (1216SF), legal second residence with an additional 740SF, large shop, river access w/trail, views and more! Enjoy the lovely views from a new deck off the main house. Live in one home, rent the other, have a home office? Recently used as a home business and an Air BnB. Wooded setting makes it feel like you're tucked away from the city. Property is not in flood plain! Owner is a licensed real estate agent in the State of OR

Last Agent to Sell the Property

Katy Rosecrans

SMI Commercial Real Estate LLC License #200402282 Listed on: 04/30/2020

SMI Commercial Real Estate LLC

Last Buyer's Agent

Jody Mariani

MORE Realty License #201231228

MORE Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,512

Year Built

  • Built in 1965

Lot Details

  • 1.42 Acre Lot
  • Gentle Sloping Lot
  • Private Yard
  • Property is zoned R7.2

Home Design

  • A-Frame Home
  • Slab Foundation
  • Metal Roof
  • Plywood Siding Panel T1-11
  • Metal Siding
  • Cedar

Interior Spaces

  • 1,216 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • River Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite

Parking

  • Workshop in Garage
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • John Wetten Elementary School
  • Kraxberger Middle School
  • Gladstone 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 00489858

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,512

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 3
  • Year Built: 1965
  • Property Condition: Resale
  • Unreinforced Masonry Building: Unknown
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: AFrame
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 630000.0
  • Open House: No
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 1.1
  • Fireplaces: 1
  • Interior Amenities: Floor3rd, AuxiliaryDwellingUnit, CeilingFan, HighCeilings, SeparateLivingQuartersApartmentAuxLivingUnit, VaultedCeiling, VinylFloor, WalltoWallCarpet
  • Basement: Finished, FullBasement
  • Appliances: BuiltinOven, Cooktop, Dishwasher, GasAppliances
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: Acres1to3
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Lower
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar,MetalSiding,T111Siding
  • Exterior Features: Deck, GuestQuarters, Outbuilding, PublicRoad, RVParking, SecondResidence, Workshop, Yard
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: Slab
  • R V Description: RVParking
  • View: Yes
  • Lot Features: GentleSloping
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Metal
  • View: River

Garage/Parking

  • Parking Description: Driveway, RVAccessParking
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: StandardSeptic
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: John Wetten
  • High School: Gladstone
  • Middle Or Junior School: Kraxberger

Lot Info

  • Farm: No
  • Zoning: R7.2
  • Lot Size Acres: 1.42
  • Lot Size Sq Ft: 61855.0
  • Parcel #: 00489858

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 8511.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2021
Sold by
Schemm Janet B and Schemm Family Trust
Bought by
Drevo Samuel P and Revocabe Liv Tr Agreeemnt Of S
Current Estimated Value
$717,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,000
Outstanding Balance
$417,378
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$299,657

Purchase Details

Listed on
Apr 30, 2020
Closed on
May 13, 2020
Sold by
Devos Logan
Bought by
James Mary and Gross Andrew
Seller's Agent
Katy Rosecrans
SMI Commercial Real Estate LLC
Buyer's Agent
Jody Mariani
MORE Realty
List Price
$595,000
Sold Price
$630,000
Premium/Discount to List
$35,000
5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.32%

Purchase Details

Closed on
Jul 13, 2018
Sold by
Devos Logan M and De Vos Logan M
Bought by
Devos Logan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,300
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2017
Sold by
Harrell Sherris W
Bought by
Devos Logan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Drevo Samuel P $876,000 Lawyers Title
James Mary $630,000 Ticor Title
Devos Logan M -- Fidelity National Title Co
Devos Logan M $450,000 Fidelity Natl Title Oregon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drevo Samuel P $461,000
Previous Owner Devos Logan M $374,300
Previous Owner Devos Logan M $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 Sold $630,000 +5.9% $518 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
04/29/2020 04/29/20 For Sale $595,000 -- $489 / 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 $10,129 $502,718 -- --
2024 $9,848 $488,076 -- --
2023 $9,848 $473,861 $0 $0
2022 $9,159 $460,060 $0 $0
2021 $8,822 $446,661 $0 $0
2020 $8,612 $433,652 $0 $0
2019 $8,512 $421,022 $0 $0
2018 $8,202 $408,759 $0 $0
2017 $7,957 $396,853 $0 $0
2016 $7,695 $385,294 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20440325

Regional Multiple Listing Service (RMLS)

APN: 00489858