Comp Sales Overview
This application may be used to query for comps on single family dwelling, condominium, duplex, four-plex, non-standard multiplex, tandem duplex, townhouse and triplex, on a single taxlot only. Comps will not be returned on properties with:
- A "personal property" manufactured home
- More than one dwelling on the taxlot
- More than one tax account
- Commercial designation
- All Statistical Classes that do not include the above dwelling types
- An inactive tax account
Criteria used by the application to generate comps include:
- Arm’s-length transactions only. Properties with a sale classified as a non-arms-length transaction (based on Lane Co. Assessment & Taxation sales analysis codes) are excluded from comp results.
- Single property sales only. Properties that were involved in a sale of more than one parcel are excluded from comp results.
- Subject properties that include "real property" manufactured homes or condominiums that exist on their own taxlot* will produce comps of the same type (e.g. a condo subject property will show only condo comps)
In addition, comps are “rated” by a 5-star system that compares 15 different criteria between subject property & comp and rates the quality of a comp based on its similarity to the subject property. Different criteria are used for properties inside an urban growth boundary (urban & surburban properties) and those outside any urban growth boundary (rural properties). A five star comp is the highest quality, a one star comp the lowest quality.
Additional search criteria can be changed to suit the user’s needs:
Search Criteria | Default | Comments |
Finished Sq. Footage | +/- 15% of subject property | User may enter from 0-100% |
Sale Date | within past 9 months | User may enter from 0-36 months |
Geographic Buffer | 0.5 miles from subject property | User may select "Any Distance" or from 0.25 to 50.00 miles |
Match by (geographic parameters) | none selected | Used in addition to or in lieu of buffer (example: school district, attendance area, TCA) |
Year Built | +/- 20 years from subject property | User may enter from 0 to 100 years |
Sale Price | no limits | User may set lower limit, upper limit, or range |