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40 East Cedar Street

40 East Cedar Street, Lebanon, OR 97355
Property in Linn
Sold Dec 15, 2021
$275,000
Seller
$277,777 by Panorama Mortgage Group Llc
Mortgage Due Jan 01, 2052
Sold Oct 07, 2016
$138,900
$142,827 by Banc Home Loans
Mortgage Due Nov 01, 2046
40 East Cedar Street has been categorized by the local assessors in Lebanon, OR as a residential type of property. The building on the property was first built in 1942 and is 82 years old. The home has a total of 3 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 40 East Cedar Street has 728 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 8,712 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a cottage style.

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 280 sqft. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of wood. In terms of heating, it is utilizing floor/wall heating system. 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, 40 East Cedar Street sold most recently in Dec 15, 2021 for a total of $275,000. If you work out the math, that's approximately a cost of $377.75 per sqft. Before that, the property was also sold for $138,900 in Aug 16, 2016. 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 $1,701 in taxes each year. 40 East Cedar Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $87,550. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Cottage
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 280
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 728
  • Building Area: 728
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 728
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTH GATE
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 12S02W14BC

Ownership

  • Current Owner : LOWS MICHAEL D
  • Previous Owner : LARSON TRE
  • Owner Before Previous Owner: WILMINGTON SAVINGS FUND SOCIETY FSB
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Lebanon Community School District 9
  • School Tax School District: SWEET HOME
  • Census Tract: 030904

Zoning

  • Zoning: UGA-UGM-10

Geography

  • Assessors Map Reference: 12S02W14BC
  • Parcel: 0196994
  • Block: 3
  • Lot: 3
  • Meridian: SEC 14 TWN 12S RNG 02W
  • Municipality: LEBANON
  • Latitude: 44.5282
  • Longitude: -122.906

    Address

  • Full Address: 40 E Cedar St
  • Address - House Number: 40
  • Street Direction: E
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: OR
  • City Name: Lebanon
  • Carrier Code: C003
  • 4-Digit Zip Code: 3413
  • Zip Code: 97355

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,701
  • Tax Rate Code Area: 00914

    Appraisal Valuation

  • Standard Deviation: 0.1722
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 77
  • Final Value: 294,020
  • High Value: 344,668
  • Low Value: 243,372

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $277,777
  • First Open Lien Mortgage Lender: PANORAMA MORTGAGE GROUP LLC
  • First Open Lien Mortgage Recording Date: Dec 15, 2021
  • First Open Lien Mortgage Loan Amount: $277,777
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $257,330
  • Market Land Value: $117,000
  • Market Improvement Value: $140,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,550

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Transaction ID: 11873839082
  • Current Sale Price: $275,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-28408
  • Previous Sale Recording Date: Oct 07, 2016
  • Previous Sale Contract Date: Aug 16, 2016
  • Previous Sale Amount: $138,900
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PANORAMA MORTGAGE GROUP LLC
  • First Mortgage Transaction Date: Dec 15, 2021
  • First Mortgage Loan Amount: $277,777
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: BANC HOME LOANS
  • Previous Mortgage Transaction Date: Oct 07, 2016
  • Previous Mortgage Loan Amount: $142,827
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About Lebanon



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Frequently Asked Questions

What neighborhood is 40 East Cedar Street located in?
The 40 East Cedar Street is a located in the neighborhood of Linn in Lebanon, Lebanon.
What is the average sales price for listings in 40 East Cedar Street?
The average sales price for units in 40 East Cedar Street is $0 currently.

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