See Home Value
$533,562*
Land - Off Market

7720 SW BONITA RD

Tigard, OR 97224
bedrooms
Studio
bathrooms
0 Bath
$495,000 - $603,000
Reference Base Price*
-2.81%
Since Sep 1, 2023
OR-Portland
Primary Model
Sold Nov 30, 2023
$515,000
Sold Oct 27, 2021
$430,000
$322,500 by M & T Bank
Mortgage Due Oct 14, 2022

About This Property

Location, Location! Incredible development opportunity to develop & build 7 Cottages (condo's) in walkable urban area. Concept approved w/ city & proposed layout & add. DD docs available. Cottages are efficient 764-1200sf w/ 2bdrms, 2 bath w/ designated parking & open space for gathering. Cottage clusters concept it to create a community w/ open space & easy access to bus lines & eateries. Timely Opportunity to build! Existing SFR is tear down. Short/Long term rentals or build & sell.
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$249
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold $515,000
Sold
Aug 27, 2023 No longer available -
No longer available
Jul 9, 2023 Price Decreased $549,000
↓ $25K (4.4%)
Price Decreased
May 10, 2023 Listed $574,000
Listed
Excellent location for single family fixer home or approved multi-family development project. Currently approved for a 7-cottage cluster development through city of Tigard. Engineering & Conceptual layouts are available, but construction drawings needed to be built out. Other due diligence docs available. The cottages are designed as to 2 bedrooms, 2 bath units with open floorplan and upstairs loft & great environmental design. Cottages would share common space on grounds with…
Mar 6, 2023 Listed $599,000
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 432
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 1,530
  • Gross Building Area: 1,530
  • Building Area: 1,098
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Baseboard
  • Heated Square Feet: 1,098
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DURHAM ACRES
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential common area (condo/pud/etc.)
  • State Land Use Code: Residential common area (condo/pud/etc.)
  • Legal Description 1: DURHAM ACRES, LOT PT 66, ACRES 0.33

Ownership

  • Current Owner : FOREAL DEVELOPMENT LLC
  • Previous Owner : BLUE PALOUSE PROPERTIES LLC
  • Owner Before Previous Owner: RAMCHANDANI FARAH
  • Owner Before Previous Owner 2: RAMCHANDANI TULSI
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tigard-Tualatin School District 23J
  • Census Tract: 030806

Zoning

  • Zoning: R-12

Geography

  • District: 57
  • Parcel: R512092
  • Lot: 66
  • Meridian: SEC 12 TWN 02S RNG 01W
  • Municipality: TIGARD
  • Latitude: 45.4148
  • Longitude: -122.757

    Address

  • Full Address: 7720 Sw Bonita Rd
  • Address - House Number: 7720
  • Street Direction: SW
  • Address - Street Name: Bonita
  • Address - Suffix Type: Rd
  • State: OR
  • City Name: Portland
  • Carrier Code: C001
  • 4-Digit Zip Code: 8166
  • Zip Code: 97224

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,157
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 023.74

    Appraisal Valuation

  • Standard Deviation: 0.0511
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 99
  • Final Value: 535,484
  • High Value: 562,893
  • Low Value: 508,074

    Market Valuation

  • Market Total Value: $319,370
  • Market Land Value: $318,370
  • Market Improvement Value: $1,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $184,740

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Transaction ID: 11917087747
  • Current Sale Price: $515,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 49436
  • Previous Sale Recording Date: Oct 27, 2021
  • Previous Sale Contract Date: Oct 26, 2021
  • Previous Sale Amount: $430,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: M & T BANK
  • Previous Mortgage Transaction Date: Oct 27, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $322,500
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Credit Line (Revolving)
  • Previous Mortgage Loan Due Date: Oct 14, 2022



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Metzger


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5188 Rosewood St, LAKE OSWEGO, OR, 97035

$2,950 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,800 ft²
5188 Rosewood St #5188 ROSEWOOD ST, LAKE OSWEGO, OR, 97035 Listing by Manager
Unit for rent at 6096 Harrington Ave, Lake Oswego, OR, 97035

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,152 ft²
6096 Harrington Ave #6096 Harrington Ave, Lake Oswego, OR, 97035 Listing by Manager
Unit for rent at 6276 Frost Lane, Lake Oswego, OR, 97035

$3,695 /mo

  • 4 Beds
  • 3.5 Baths
  • 3,852 ft²
6276 Frost Lane #6276 Frost Lane, Lake Oswego, OR, 97035 Listing by Manager


Frequently Asked Questions

When was property at 7720 Southwest Bonita Road built and last sold?
The property at 7720 Southwest Bonita Road was built in 1956 and last sold on Nov 30, 2023 for $515,000.
How much is this home worth?
The estimated value of the home located at 7720 Southwest Bonita Road is $604,990.
What are some comparable homes to 7720 Southwest Bonita Road?
There are currently no comparable homes to 7720 Southwest Bonita Road.

Quantcast