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862 Meadow Drive

862 Meadow Drive, Molalla, OR 97038
Property in Clackamas
Sold Aug 24, 2021
$425,000
$335,000 by Fairway Independent Mortgage C
Mortgage Due Sep 01, 2051
Sold Aug 23, 2019
$317,500
$320,707 by Directors Mortgage Inc
Mortgage Due Sep 01, 2049
862 Meadow Drive has been categorized by the local assessors in Molalla, OR as a residential type of property. The building on the property was first built in 2005 and is 19 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 862 Meadow Drive has 1,376 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 6,299 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The property was last sold in Aug 18, 2021 for $425,000. That's $308.87 per sqft. Prior to that sales transaction, the property was also sold in Aug 21, 2019 for $317,500. 862 Meadow Drive was last assessed in 2023. The total value of the property was assessed at $213,240. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,558. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,299
  • Total Building Area: 1,376
  • Building Area: 1,376
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,376
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BIG MEADOW
  • Land Acres: 0.145
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIVISION BIG MEADOW 3861 PHASE NO. 11 LOT 390

Ownership

  • Current Owner : OLSON WADDELL LEE ANN
  • Current Owner 2: WADDELL RORY
  • Previous Owner : MOORE SHEILA L
  • Owner Before Previous Owner: KAUFMAN RENE E
  • Owner Before Previous Owner 2: BIDNEY JOANN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Molalla River School District 35
  • Census Tract: 023901

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 807-D7
  • Account Number: 05009473
  • Parcel: 05009473
  • Lot: 390
  • Meridian: SEC 05 TWN 5S RNG 2E
  • Municipality: MOLALLA
  • Latitude: 45.1581
  • Longitude: -122.591

    Address

  • Full Address: 862 Meadow Dr
  • Address - House Number: 862
  • Address - Street Name: Meadow
  • Address - Suffix Type: Dr
  • State: OR
  • City Name: Molalla
  • Carrier Code: R011
  • 4-Digit Zip Code: 8827
  • Zip Code: 97038

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,558
  • Tax Rate Code Area: 035-002

    Appraisal Valuation

  • Standard Deviation: 0.1652
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 79
  • Final Value: 434,060
  • High Value: 505,785
  • Low Value: 362,335

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $335,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Loan Amount: $335,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $420,483
  • Market Land Value: $166,603
  • Market Improvement Value: $253,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,240

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Transaction ID: 11850252083
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-078600
  • Previous Sale Recording Date: Aug 23, 2019
  • Previous Sale Contract Date: Aug 21, 2019
  • Previous Sale Amount: $317,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Aug 24, 2021
  • First Mortgage Loan Amount: $335,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: DIRECTORS MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 23, 2019
  • Previous Mortgage Loan Amount: $320,707
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2049

About Molalla



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Frequently Asked Questions

What neighborhood is 862 Meadow Drive located in?
The 862 Meadow Drive is a located in the neighborhood of Clackamas in Molalla, Molalla.
What is the average sales price for listings in 862 Meadow Drive?
The average sales price for units in 862 Meadow Drive is $0 currently.

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