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2502 Prairie Place Southeast

2502 Prairie Place Southeast, Albany, OR 97322
Property in Linn
Sold Sep 28, 2022
$325,000
$260,000 by Peoples Bank Of Commerce
Mortgage Due Oct 01, 2052
Sold Feb 28, 2017
Transfer
$149,001 by Pennymac Loan Services Llc
Mortgage Due Mar 01, 2047
Local assessors in Albany, OR have categorized 2502 Prairie Place Southeast as a residential type of property. The home was built in 1978 and is 46 years old. The property's lot size has been calculated to be 5,663 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2502 Prairie Place Southeast has a total of 1,208 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 garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. 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 frame control joints. The building has a gable or hip style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. The home's a forced air unit 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 Aug 26, 2022 for $325,000. That's $269.04 per sqft. 2502 Prairie Place Southeast was last assessed in 2023. The total value of the property was assessed at $173,520. 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 $3,456. 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

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 1,208
  • Building Area: 1,208
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,208
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MITCHELL SUBDIVISION
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 11S03W17AD

Ownership

  • Current Owner : HARDIN BETSABE
  • Current Owner 2: HARDIN RICHARD ALAN
  • Previous Owner : CHRISTOPHER GIBSON
  • Owner Before Previous Owner: GIBSON CHRISTOPHER
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Greater Albany School District 8J
  • School Tax School District: ALBANY
  • Census Tract: 020602

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: 11S03W17AD
  • Parcel: 0435665
  • Lot: 11
  • Meridian: SEC 17 TWN 11S RNG 03W
  • Municipality: ALBANY
  • Latitude: 44.6148
  • Longitude: -123.074

    Address

  • Full Address: 2502 Prairie Pl Se
  • Address - House Number: 2502
  • Street Segment Direction: SE
  • Address - Street Name: Prairie
  • Address - Suffix Type: Pl
  • State: OR
  • City Name: Albany
  • Carrier Code: C017
  • 4-Digit Zip Code: 5762
  • Zip Code: 97322

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,456
  • Tax Rate Code Area: 00801

    Appraisal Valuation

  • Standard Deviation: 0.1995
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 73
  • Final Value: 354,322
  • High Value: 425,014
  • Low Value: 283,630

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: PEOPLES BANK OF COMMERCE
  • First Open Lien Mortgage Recording Date: Sep 28, 2022
  • First Open Lien Mortgage Loan Amount: $260,000
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $356,050
  • Market Land Value: $142,000
  • Market Improvement Value: $214,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,520

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 28, 2022
  • Current Sale Transaction ID: 11896293381
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 16482
  • Previous Sale Recording Date: Feb 28, 2017
  • Previous Sale Contract Date: Feb 18, 2017
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: PEOPLES BANK OF COMMERCE
  • First Mortgage Transaction Date: Sep 28, 2022
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • Previous Mortgage Transaction Date: Feb 28, 2017
  • Previous Mortgage Loan Amount: $149,001
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Mar 01, 2047

About Albany



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Frequently Asked Questions

What neighborhood is 2502 Prairie Place Southeast located in?
The 2502 Prairie Place Southeast is a located in the neighborhood of Linn in Albany, Albany.
What is the average sales price for listings in 2502 Prairie Place Southeast?
The average sales price for units in 2502 Prairie Place Southeast is $0 currently.

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