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40 North State Street

40 North State Street, Lake Oswego, OR 97034
Property in Lakewood
Local assessors in Lake Oswego, OR have categorized 40 North State Street as a commercial type of property. The home was built in 1938 and is 86 years old. The property's lot size has been calculated to be 15,002 square feet.

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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $575,000 in May 31, 1996. Current property owners are expected to pay $56,348 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2012. The property on 40 North State Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,933,911. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: A
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1
  • Building Area: 1

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: LAKEWOOD #1
  • Land Acres: 0.344
  • Standard Land Use Code: Commercial building
  • Legal Description 1: 507 LAKEWOOD #1 LTS 84-86

Ownership

  • Current Owner : LAKE THEATRE BUILDING LLC
  • Previous Owner : OSWEGO INVESTORS LLC
  • Owner Before Previous Owner: SMITH VIRGINIA
  • Owner Before Previous Owner 2: BEVANS ROWLAND H
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lake Oswego School District 7J
  • Census Tract: 020201

Zoning

  • Zoning: EC

Geography

  • Assessors Map Reference: 656-F6
  • Account Number: 00253549
  • Parcel: 00253549
  • Lot: 84-86
  • Meridian: SEC 10 TWN 2S RNG 1E
  • Municipality: LAKE OSWEGO
  • Latitude: 45.4163
  • Longitude: -122.664

    Address

  • Full Address: 40 N State St
  • Address - House Number: 40
  • Street Direction: N
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: OR
  • City Name: Lake Oswego
  • Carrier Code: C003
  • 4-Digit Zip Code: 3926
  • Zip Code: 97034

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,348
  • Intital Tax Deliquent Year: 2012
  • Tax Rate Code Area: 007-083

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: UMPQUA BANK
  • First Open Lien Mortgage Recording Date: Dec 09, 2016
  • First Open Lien Mortgage Loan Amount: $1,100,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 05, 2026

    Market Valuation

  • Market Total Value: $5,285,187
  • Market Land Value: $1,352,457
  • Market Improvement Value: $3,932,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,933,911

    Sales

  • Current Sale Contract Date: Dec 08, 2016
  • Current Sale Recording Date: Dec 09, 2016
  • Current Sale Transaction ID: 1889506541
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2016-085011
  • Previous Sale Recording Date: May 31, 1996
  • Previous Sale Contract Date: May 31, 1996
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UMPQUA BANK
  • First Mortgage Transaction Date: Dec 09, 2016
  • First Mortgage Loan Amount: $1,100,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 05, 2026

    Previous Mortgages

  • Previous Mortgage Lender: ROWLAND H BEVANS
  • Previous Mortgage Transaction Date: May 31, 1996
  • Previous Mortgage Loan Amount: $575,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Lake Oswego



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Frequently Asked Questions

What neighborhood is 40 North State Street located in?
The 40 North State Street is a located in the neighborhood of Lakewood in Lake Oswego, Lake Oswego.
What is the average sales price for listings in 40 North State Street?
The average sales price for units in 40 North State Street is $0 currently.

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