Clackamas County property record for 508 Pegasus Ct, Molalla, OR 97038
| Property Type | Single Family Home |
|---|---|
| Details | 3 bd · 2 ba · 1,280 sqft · built 1995 |
| Lot Size | 0.127 acres (5,541 sqft) |
| Owner | Individual Name on Record |
| Last Sale | $283,250 (Sep 2018) |
| Tax Bill | $4,034 (2025) |
| Deeds & Mortgages | Mar 2021 Mortgage Sep 2018 Sale & Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 52E08AA00700 |
| Primary APN | 52E08AA00700 |
|---|---|
| Alternative APN |
|
| Bedrooms | 3 Beds |
|---|---|
| Full Baths | 2 Baths |
| Stories | 1 Story |
| Building Area | 1,280 sqft Living Area |
| 1st Floor Area | 1,280 sqft |
| Year Built | Built 1995 |
|---|---|
| Exterior Material | Other |
| Foundation Type | Concrete |
| Roof Material | Composition Shingle |
| Lot Area | 5,541 sqft |
| Garage Area | 400 sqft |
| Parking Spaces | 2 Parking Spaces |
| Cooling System | Central |
|---|---|
| Heating System | Central |
| Account Number | 01637535 |
|---|---|
| Street Address | 508 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 7 |
| Legal Range | 02E |
| Legal Township | 05S |
| Legal Section | 08 |
| Legal Quarter | NE |
| Quarter-Quarter Section | NE |
| Legal Subdivision | HORSESHOE PARK ESTATES |
| Legal Lot Number | 7 |
| Jurisdiction | CLACKAMAS OR |
| Township / Civil Division | MOLALLA |
| Census Block Group | 1 |
| Census Block | 1011 |
| Census Tract | 23901 |
Source: Clackamas County records, as of November 17, 2025
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Individual Name on Record |
|---|---|
| Co-owner | Co-owner on Record |
| Mailing Address | PO BOX 82821, PORTLAND, OR 97282-0821 |
| Owner Type | Individual |
| Date | Document |
|---|---|
| Mar 31, 2021 | Deed of Trust, Mortgage · FHA Mortgage FREEDOM MORTGAGE CORP |
| Sep 14, 2018 | Warranty Deed, Transfer · FHA Mortgage FINANCE OF AMERICA MORTGAGE LLC |
| Deed Names | 2 Names on Deed |
|---|---|
| Last Sale | Sep 14, 2018 · Amount on Record |
| Deed Sale | Sep 14, 2018 · Amount on Record |
| Prior Sale | Aug 18, 2015 |
| Deed Document Number | 2018-057068 |
| Record Updated | Jun 8, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | CLACKAMAS OR |
| Property Address | 508 PEGASUS CT, MOLALLA, OR 97038-9213 |
| Transaction Type | Mortgage |
| Record Updated | Apr 7, 2021 |
| Name | Verified Name |
|---|
| Document Number | 0000033305 |
|---|---|
| Date | Mar 31, 2021 |
| Instrument | 2021-033305 |
| Name | FREEDOM MORTGAGE CORP |
|---|---|
| Type | Subprime Lender |
| Address | MOUNT LAUREL, NJ 08054 |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 332 Months |
| Due | Nov 1, 2048 |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | CLACKAMAS OR |
| Recording Date | Sep 14, 2018 |
| Property Address | 508 PEGASUS CT, MOLALLA, OR 97038-9213 |
| Document Number | 0000057068 |
| Instrument Date | Sep 14, 2018 |
| Instrument | 2018-057068 |
| Transaction Type | Transfer |
| Record Updated | Nov 19, 2021 |
| Title Company | FIRST AMERICAN TITLE |
| Amount | Amount Recorded |
|---|---|
| Downpayment | Downpayment on Record |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $0.00 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|---|
| Address | 00000 |
| Name | Verified Name |
|---|---|
| Address | PO BOX 82821, PORTLAND, OR 97282-0821 |
| Document Number | 0000057069 |
|---|---|
| Date | Sep 14, 2018 |
| Instrument | 2018-057069 |
| Name | FINANCE OF AMERICA MORTGAGE LLC |
|---|---|
| Type | Mortgage Company |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 361 Months |
| Due | Oct 1, 2048 |
Source: Clackamas County assessment roll, as of September 30, 2025
| Type | Name |
|---|---|
| State | Oregon |
| County | Clackamas County |
| Municipality | Molalla City |
| Unified School District | Molalla River School District 35 (KG - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $4,034.00 (+21.8%) | $210,633 (+6.09%) | $446,493 (+7.56%) Land $190,963 Building $255,530 |
| 2023 | $3,312.00 | $198,543 | $415,115 Land $176,445 Building $238,670 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
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.
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.
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 |
| 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.
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 |
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