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12509 Northwest Forest Spring Lane

12509 Northwest Forest Spring Lane, Portland, OR 97229
Sold May 03, 2019
$555,000
$448,320 by Better Mortgage Corporation
Mortgage Due Nov 01, 2040
Sold Feb 04, 2011
$379,000
$369,392 by Northwest Mortgage Group Inc
Mortgage Due Mar 01, 2041
Local assessors in Portland, OR have categorized 12509 Northwest Forest Spring Lane as a residential type of property. The home was built in 2002 and is 22 years old. The property's lot size has been calculated to be 4,792 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 12509 Northwest Forest Spring Lane has a total of 2,426 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 418 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. The building has a hip style roof that was made of composition shingle. Lots of wood were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 3, 2019 for $555,000. That's $195.15 per sqft. Prior to that sales transaction, the property was also sold in Feb 3, 2011 for $379,000. 12509 Northwest Forest Spring Lane was last assessed in 2024. The total value of the property was assessed at $414,410. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,282. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stone Exterior

Driveway

Driveway

Parking

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Average
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 418
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 2,844
  • Gross Building Area: 2,844
  • Building Area: 2,426
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,426
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAUER HIGHLANDS
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential common area (condo/pud/etc.)
  • State Land Use Code: Residential common area (condo/pud/etc.)
  • Legal Description 1: BAUER HIGHLANDS, LOT 114, ACRES 0.11

Ownership

  • Current Owner : JEONG HYUNCHEOL
  • Current Owner 2: LEE HAEMIN
  • Previous Owner : BAKER LORI M
  • Owner Before Previous Owner: FIRST TECHNOLOGY CREDIT UNION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Beaverton School District 48J
  • Census Tract: 031519

Zoning

  • Zoning: R-9

Geography

  • Parcel: R2104559
  • Lot: 114
  • Meridian: SEC 21 TWN 01N RNG 01W
  • Municipality: BEAVERTON
  • Latitude: 45.5509
  • Longitude: -122.806

    Address

  • Full Address: 12509 Nw Forest Spring Ln
  • Address - House Number: 12509
  • Street Direction: NW
  • Address - Street Name: Forest Spring
  • Address - Suffix Type: Ln
  • State: OR
  • City Name: Portland
  • Carrier Code: C024
  • 4-Digit Zip Code: 9360
  • Zip Code: 97229

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,282
  • Tax Rate Code Area: 051.50

    Appraisal Valuation

  • Standard Deviation: 0.1175
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 87
  • Final Value: 743,700
  • High Value: 831,099
  • Low Value: 656,302

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $448,320
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Nov 12, 2020
  • First Open Lien Mortgage Loan Amount: $448,320
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2040

    Market Valuation

  • Market Total Value: $698,920
  • Market Land Value: $382,500
  • Market Improvement Value: $316,420

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $414,410

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: May 03, 2019
  • Current Sale Transaction ID: 11602715836
  • Current Sale Price: $555,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019-026935
  • Previous Sale Recording Date: Feb 04, 2011
  • Previous Sale Contract Date: Feb 03, 2011
  • Previous Sale Amount: $379,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST TECHNOLOGY FEDERAL CU
  • First Mortgage Transaction Date: May 03, 2019
  • First Mortgage Loan Amount: $473,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: NORTHWEST MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: Feb 04, 2011
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $369,392
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2041

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Frequently Asked Questions

What neighborhood is 12509 Northwest Forest Spring Lane located in?
The 12509 Northwest Forest Spring Lane is a house located in the neighborhood of Sommerset West - Elmonica North in Sommerset West - Elmonica North, Portland.
What is the average sales price for listings in 12509 Northwest Forest Spring Lane?
The average sales price for units in 12509 Northwest Forest Spring Lane is $0 currently.

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