505 Pegasus Ct, Molalla, OR 97038 Property Records

Clackamas County property record for 505 Pegasus Ct, Molalla, OR 97038

Property Summary

Property Type	Single Family Home
Details	3 bd · 1.5 ba · 1,558 sqft · built 1996
Lot Size	0.148 acres (6,432 sqft)
Owner	Individual Name on File
Last Sale	$174,900 (Dec 2004)
Tax Bill	$4,466 (2025)
Deeds & Mortgages	Sep 2021 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`52E08AA00900`

Property Details

APN / Parcel Number

Primary APN	`52E08AA00900`
Alternative APN	`01637553`

Interior

Bedrooms	3 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Stories	2 Stories
Building Area	1,558 sqft Living Area
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1996
Effective Year Built	Effective 1996
Exterior Material	Other
Roof Type	Gable
Roof Material	Composition Shingle
Lot Area	6,432 sqft (0.148 acres)
Garage Area	484 sqft
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Heating System	Forced Air with A/C

Location & Zoning

Account Number	01637553
Street Address	505 PEGASUS CT
City	MOLALLA
State	OR
Zip	97038-9213
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R3
Legal Description	3140 HORSESHOE PARK ESTATES LT 9
Legal Range	2E
Legal Township	5S
Legal Section	08
Legal Subdivision	HORSESHOE PARK ESTATES
Legal Lot Number	9
Jurisdiction	CLACKAMAS OR
Township / Civil Division	MOLALLA
Census Block Group	1
Census Block	1011
Census Tract	23901

Owner

505 Pegasus Ct is owned and occupied by an individual who bought it in December 2004.

Source: Clackamas County records, as of October 29, 2025

Owner of Record	Individual Name on File
Mailing Address	505 PEGASUS CT, MOLALLA, OR 97038-9213
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 21, 2004 · Amount on File
Deed Sale	Dec 21, 2004 · Amount on File
Prior Sale	May 27, 1997 · Amount on File
Deed Document Number	2004116349
Prior Transfer Date	Jun 30, 2004
Prior Transfer Doc	0000063745
Record Updated	Sep 20, 2026

September 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLACKAMAS OR
Property Address	505 PEGASUS CT, MOLALLA, OR 97038-9213
Transaction Type	Mortgage
Record Updated	Sep 21, 2021
Title Company	FIRSTAMERICAN TITLE COMPANY, FIRST AMERICAN TITLE CO

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	505 PEGASUS CT, MOLALLA, OR 97038-9213

Mortgage

Document Number	0000084340
Date	Sep 15, 2021
Instrument	2021-084340

Lender

Name	WELLS FARGO BANK NA
Type	Bank
Address	DES MOINES, IA 50328

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	244 Months
Due	Jan 1, 2042

Tax Assessment & Valuation

The 2025 property tax bill for 505 Pegasus Ct was $4,466.

Source: Clackamas County assessment roll, as of October 29, 2025

Property Jurisdictions

Type	Name
State	Oregon
County	Clackamas County
Municipality	Molalla City
Unified School District	Molalla River School District 35 (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$4,466.00	$233,183	$497,599 Land $196,059 Building $301,540
2023	$3,667.00	$219,799	$466,193 Land $181,153 Building $285,040

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 505 Pegasus Ct in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective April 12, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 505 Pegasus Ct is low, with a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF MOLALLA serves 10,298 people · EPA ID OR4100534
Water Source	Surface water
Last State Inspection	Jun 2023
Lead	1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 534 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Molalla Communications Company Fiber	2,500 / 2,500
Astound Broadband Cable	1,500 / 50
Verizon Fixed Wireless	300 / 20