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5040 Merlot Drive

5040 Merlot Drive, Oregon, OH 43616
Property in Oregon
Sold Aug 03, 2016
$197,000
$127,000 by Directions Cu
Mortgage Due Aug 01, 2031
5040 Merlot Drive in Oregon, OH was first built in 2008 and is 16 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5040 Merlot Drive has 1,783 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 10,125 square feet.

Learn more about the property and building on this page. There is a unknown. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 552 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. 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, 5040 Merlot Drive was last sold in Jun 21, 2016 for $197,000. According to our calculations, that's $47.84 per sqft. Current property owners are expected to pay $4,313 in taxes per year. The property on 5040 Merlot Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $74,620. To break that down further, the land itself was valued at $18,305. While improvements to the property were assessed at a total of $56,315. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,783
  • Garage Type: Attached
  • Garage Square Area: 552
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,125
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 750
  • Total Building Area: 4,118
  • Gross Building Area: 4,118
  • Building Area: 1,783
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,783
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: THE VINEYARD PLAT TWO
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: THE VINEYARD PLAT TWO LOT 40

Ownership

  • Current Owner : MORRIS NANCY A
  • Current Owner 2: ORTEGA RICHARD
  • Previous Owner : BROTHERS JONATHAN T
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Oregon City School District
  • Census Tract: 009800

Zoning

  • Zoning: NotZoned

Geography

  • Assessors Map Reference: 24389041
  • Parcel: 44-93355
  • Lot: 40
  • Municipality: OREGON CITY
  • Latitude: 41.6544
  • Longitude: -83.4276

    Address

  • Full Address: 5040 Merlot Dr
  • Address - House Number: 5040
  • Address - Street Name: Merlot
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Oregon
  • Carrier Code: C012
  • 4-Digit Zip Code: 2547
  • Zip Code: 43616

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,313
  • Tax Rate Code Area: 44

    Appraisal Valuation

  • Standard Deviation: 0.2114
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 71
  • Final Value: 300,732
  • High Value: 364,321
  • Low Value: 237,142

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $127,000
  • First Open Lien Mortgage Lender: DIRECTIONS CU
  • First Open Lien Mortgage Recording Date: Aug 03, 2016
  • First Open Lien Mortgage Loan Amount: $127,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2031

    Market Valuation

  • Market Total Value: $213,200
  • Market Land Value: $52,300
  • Market Improvement Value: $160,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,620
  • Assessed Land Value: $18,305
  • Assessed Improvements Value: $56,315

    Sales

  • Current Sale Contract Date: Jun 21, 2016
  • Current Sale Recording Date: Aug 03, 2016
  • Current Sale Transaction ID: 1717742698
  • Current Sale Price: $197,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201608030030473

    Last Sale Mortgage

  • First Mortgage Lender: DIRECTIONS CU
  • First Mortgage Transaction Date: Aug 03, 2016
  • First Mortgage Loan Amount: $127,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2031

About Oregon



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Frequently Asked Questions

What neighborhood is 5040 Merlot Drive located in?
The 5040 Merlot Drive is a located in the neighborhood of Oregon in Oregon, Oregon.
What is the average sales price for listings in 5040 Merlot Drive?
The average sales price for units in 5040 Merlot Drive is $0 currently.

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