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7245 North Lancaster Avenue

7245 North Lancaster Avenue, Portland, OR 97217
House in Arbor Lodge
Sold Feb 10, 2022
$756,000
$604,800 by Bank Of England
Mortgage Due Mar 01, 2052
Sold Jun 09, 2021
Transfer
$548,000 by Mortgage Express Llc
Mortgage Due Jul 01, 2051
7245 North Lancaster Avenue in Portland, OR was first built in 2012 and is 12 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 7245 North Lancaster Avenue has 2,217 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 basement is 336 sqft and has been categorized as a unknown. The linear feet across the front of the lot is 370 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 3,662 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 312 sqft. There is one available parking space. The condition of the building has been evaluated as fair. The exterior walls of the home are made of wood. 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 and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 7245 North Lancaster Avenue was last sold in Feb 7, 2022 for $756,000. According to our calculations, that's $298.93 per sqft. Current property owners are expected to pay $8,892 in taxes per year. The property on 7245 North Lancaster Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $335,580. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Parking

Attached Garage

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Living Units: 1
  • Basement Area: 336
  • Garage Type: Attached
  • Garage Square Area: 312
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,662
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 370
  • Total Building Area: 2,529
  • Gross Building Area: 2,599
  • Building Area: 2,217
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,217
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FIRST ELECTRIC ADD
  • Land Acres: 0.084
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FIRST ELECTRIC ADD, BLOCK 7, LOT 40 EXC PT IN ST, N 1/2 OF LOT 41 EXC PT IN ST

Ownership

  • Current Owner : MAY AMY
  • Current Owner 2: MCCORD DUSTIN
  • Previous Owner : ANDERSON CHRISTOPHER G
  • Owner Before Previous Owner: BROPHY TRACY L
  • Owner Before Previous Owner 2: KLONOSKI OLIVIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Portland School District 1J
  • Census Tract: 003802

Zoning

  • Zoning: R5

Geography

  • Account Number: R283803360
  • Parcel: R163673
  • Block: 7
  • Lot: 40,41
  • Meridian: SEC 16 TWN 01N RNG 01E
  • Latitude: 45.5759
  • Longitude: -122.689

    Address

  • Full Address: 7245 N Lancaster Ave
  • Address - House Number: 7245
  • Street Direction: N
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Portland
  • Carrier Code: C049
  • 4-Digit Zip Code: 5635
  • Zip Code: 97217

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,892
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.1549
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 80
  • Final Value: 663,719
  • High Value: 766,584
  • Low Value: 560,855

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $680,324
  • First Open Lien Mortgage Lender: BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date: Feb 10, 2022
  • First Open Lien Mortgage Loan Amount: $604,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052
  • Second Open Lien Mortgage Lender: ALLIANT CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Feb 10, 2022
  • Second Open Lien Mortgage Loan Amount: $75,524
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $690,820
  • Market Land Value: $269,000
  • Market Improvement Value: $421,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,580

    Sales

  • Current Sale Contract Date: Feb 07, 2022
  • Current Sale Recording Date: Feb 10, 2022
  • Current Sale Transaction ID: 11879477212
  • Current Sale Price: $756,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 15514
  • Previous Sale Recording Date: Jun 09, 2021
  • Previous Sale Contract Date: May 25, 2021
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF ENGLAND
  • First Mortgage Transaction Date: Feb 10, 2022
  • First Mortgage Loan Amount: $604,800
  • First Mortgage Loan Due Date: Mar 01, 2052
  • Second Mortgage Lender: ALLIANT CREDIT UNION
  • Second Mortgage Transaction Date: Feb 10, 2022
  • Second Mortgage Loan Amount: $75,524

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE EXPRESS LLC
  • Previous Mortgage Transaction Date: Jun 09, 2021
  • Previous Mortgage Loan Amount: $548,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jul 01, 2051

About North Portland



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Frequently Asked Questions

What neighborhood is 7245 North Lancaster Avenue located in?
The 7245 North Lancaster Avenue is a house located in the neighborhood of Arbor Lodge in North Portland, Portland.
What is the average sales price for listings in 7245 North Lancaster Avenue?
The average sales price for units in 7245 North Lancaster Avenue is $0 currently.

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