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1948 Northwest Wallace Road

1948 Northwest Wallace Road, Mcminnville, OR 97128
Property in Yamhill
Sold Mar 07, 2022
$600,000
$570,000 by Prosperity Home Mortgage Llc
Mortgage Due Apr 01, 2052
Sold Apr 04, 2005
$309,500
$100,000 by Najarian Loans Inc
Mortgage Due Apr 01, 2035
Local assessors in Mcminnville, OR have categorized 1948 Northwest Wallace Road as a residential type of property. The home was built in 1994 and is 30 years old. The property's lot size has been calculated to be 11,504 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 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1948 Northwest Wallace Road has a total of 2,110 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 696 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. The building has a hip style roof that was made of tile. Lots of wood were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1948 Northwest Wallace Road was last sold in Mar 3, 2022 for $600,000. According to our calculations, that's $213.83 per sqft. Prior to that sales transaction, the property was sold for $309,500 in Mar 31, 2005. Current property owners are expected to pay $7,005 in taxes per year. The property on 1948 Northwest Wallace Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $414,442. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Exterior Walls Type: Wood
  • Roof Shape Type: Hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 696
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,504
  • Total Building Area: 2,806
  • Gross Building Area: 2,806
  • Building Area: 2,110
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,110
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK MEADOWS
  • Land Acres: 0.264
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 30 IN PARK MEADOWS

Ownership

  • Current Owner : ONEAL IRIS E
  • Current Owner 2: FARRAND ERNEST M
  • Previous Owner : CAMPBELL FAMILY TRUST
  • Owner Before Previous Owner: OLSEN KRIS J
  • Owner Before Previous Owner 2: OLSEN SUSAN D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: McMinnville School District 40
  • Census Tract: 030704

Zoning

  • Zoning: R-1

Geography

  • Parcel: 494689
  • Lot: 30
  • Meridian: SEC 18 TWN 04S RNG 04W
  • Municipality: CITY OF MCMINNVILLE
  • Latitude: 45.2174
  • Longitude: -123.226

    Address

  • Full Address: 1948 Nw Wallace Rd
  • Address - House Number: 1948
  • Street Direction: NW
  • Address - Street Name: Wallace
  • Address - Suffix Type: Rd
  • State: OR
  • City Name: Mcminnville
  • Carrier Code: R007
  • 4-Digit Zip Code: 5206
  • Zip Code: 97128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,005
  • Tax Rate Code Area: 40

    Appraisal Valuation

  • Standard Deviation: 0.1811
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 76
  • Final Value: 616,423
  • High Value: 728,116
  • Low Value: 504,731

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $570,000
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 07, 2022
  • First Open Lien Mortgage Loan Amount: $570,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $735,293
  • Market Land Value: $198,688
  • Market Improvement Value: $536,605

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,442

    Sales

  • Current Sale Contract Date: Mar 03, 2022
  • Current Sale Recording Date: Mar 07, 2022
  • Current Sale Transaction ID: 11880590969
  • Current Sale Price: $600,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3465
  • Previous Sale Recording Date: Apr 04, 2005
  • Previous Sale Contract Date: Mar 31, 2005
  • Previous Sale Amount: $309,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 07, 2022
  • First Mortgage Loan Amount: $570,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: NAJARIAN LOANS INC
  • Previous Mortgage Transaction Date: Apr 04, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 01, 2035

About McMinnville



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Frequently Asked Questions

What neighborhood is 1948 Northwest Wallace Road located in?
The 1948 Northwest Wallace Road is a located in the neighborhood of Yamhill in McMinnville, Mcminnville.
What is the average sales price for listings in 1948 Northwest Wallace Road?
The average sales price for units in 1948 Northwest Wallace Road is $0 currently.

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