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309 Cherrywood Drive

309 Cherrywood Drive, Monmouth, OR 97361
Property in Polk
Sold May 12, 2005
$160,500
$150,500 by Rainland Mortgage
Mortgage Due Jun 01, 2035
309 Cherrywood Drive has been categorized by the local assessors in Monmouth, OR as a residential type of property. The building on the property was first built in 2005 and is 19 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 309 Cherrywood Drive has 1,310 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,692 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 465 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of a combination of material. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 309 Cherrywood Drive sold most recently in May 10, 2005 for a total of $160,500. If you work out the math, that's approximately a cost of $90.42 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,926 in taxes each year. The initial year of tax delinquency occurred in 2018. 309 Cherrywood Drive was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $220,640. If we break it down further, the land itself was valued at $72,860. Improvements to the property, however, were assessed at a total of $147,780. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 465
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,692
  • Total Building Area: 1,775
  • Gross Building Area: 1,775
  • Building Area: 1,310
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,310
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WESTERN ESTATES
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WESTERN ESTATES LOT 36

Ownership

  • Current Owner : MAYS KIRK W
  • Current Owner 2: MAYS MELANIE A
  • Previous Owner : BOYLAN CONSTRUCTION INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Central School District 13J
  • Census Tract: 020304

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: 08-4-19CC
  • Account Number: 565987
  • Parcel: 565987
  • Lot: 36
  • Meridian: SEC 19 TWN 08S RNG 4W
  • Latitude: 44.8562
  • Longitude: -123.233

    Address

  • Full Address: 309 Cherry Wood Dr N
  • Address - House Number: 309
  • Street Segment Direction: N
  • Address - Street Name: Cherry Wood
  • Address - Suffix Type: Dr
  • State: OR
  • City Name: Monmouth
  • Carrier Code: C003
  • 4-Digit Zip Code: 2255
  • Zip Code: 97361

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,926
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 1302

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 412,054
  • High Value: 475,286
  • Low Value: 348,822

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,500
  • First Open Lien Mortgage Lender: RAINLAND MORTGAGE
  • First Open Lien Mortgage Recording Date: May 12, 2005
  • First Open Lien Mortgage Loan Amount: $150,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2035

    Market Valuation

  • Market Total Value: $398,990
  • Market Land Value: $135,000
  • Market Improvement Value: $263,990

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $220,640
  • Assessed Land Value: $72,860
  • Assessed Improvements Value: $147,780

    Sales

  • Current Sale Contract Date: May 10, 2005
  • Current Sale Recording Date: May 12, 2005
  • Current Sale Transaction ID: 11464212267
  • Current Sale Price: $160,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2005-007586

    Last Sale Mortgage

  • First Mortgage Lender: RAINLAND MORTGAGE
  • First Mortgage Transaction Date: May 12, 2005
  • First Mortgage Loan Amount: $150,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Jun 01, 2035

About Monmouth



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Frequently Asked Questions

What neighborhood is 309 Cherrywood Drive located in?
The 309 Cherrywood Drive is a located in the neighborhood of Polk in Monmouth, Monmouth.
What is the average sales price for listings in 309 Cherrywood Drive?
The average sales price for units in 309 Cherrywood Drive is $0 currently.

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