NOT LISTED FOR SALE

Estimated Value: $632,000 - $937,000

2 Beds
1 Bath
1,155 Sq Ft
$686/Sq Ft Est. Value

Last Sold December 09, 2013

Last sale price $327,800 $284 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $4,754/month

25 Days on Market

Highlights

  • Ocean Front
  • No HOA
  • 2 Car Detached Garage
  • Deck
  • Cottage
  • Fireplace

About This Home

As of December 2013

Quaint & Whimsical Ocean Front Cottage in the Heart of Newport. Views from south jetty to Yaquina Head lighthouse! Cozy up to the wood burning fireplace. Completely remodeled & new 2 car garage. Short walk to Nye Beach shopping & restaurants. In the preferred ''X'' zone. Interior finished with granite counters, slate & laminate floors.
Exteriors are Hardy Plank on house and Cedar on garage.

So close to the Performing Arts Center, surfing, kite boarding, Oregon Coast Aquarium and famous Rouge Brewery, Whale watching tours... all are among the attractions of the Newport area.
Look out from your 20 x 12' deck with 7' glass at the Yaquina Light house and the jetty.
This newly remodeled home features a tank-less water heater, whole house water filter, claw foot tub/shower, slate and laminate flooring, stainless range & dishwasher, mud room with drain for indoor shower, dog door to separate area, convection oven/microwave combo, upstairs sleeping/ lounging loft, one bedroom downstairs, living room with wood burning fireplace, granite counters, new wiring, sheet rock, over-sized detached garage, alley access. Raised bed gardens full of herbs and veggies.
This home is a Gem!

Last Agent to Sell the Property

Sandra George

Windermere West Coast Properties Listed on: 10/18/2013

Last Buyer's Agent

Stephen Salisbury

Oregon Coast Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,662

Year Built

  • Built in 1940

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 125 x 34
  • Ocean Front
  • Property is zoned R-4 Residential

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage
  • Block Foundation
  • Composition Roof
  • Concrete Siding
  • Cedar Siding

Interior Spaces

  • 1,155 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Utility Room
  • Tile Flooring
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Zoned Cooling
  • Heating Available
  • Electricity To Lot Line
  • Gas Available at Street
  • Water Heater

Community Details

  • No Home Owners Association
  • Ocean View Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 111105CB-2200-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,662

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Oceanfront
  • Lot Size Acres: 0.1
  • Lot Size: 125 X 34
  • Lot Size Sq Ft: 4356.0
  • Road Surface Type: Gravel
  • Subdivision Name: Ocean View
  • Directions: Newport Coast Hwy 101, West on NW 11th St., Cross Spring St., 1st Left to home on Right.
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Year Built: 1940
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: Ocean
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.1
  • Location Tax and Other Information:Tax Lot: 2200
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Cottage
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:Microwave: Yes
  • General Property Description:Lot Dimensions: 125 X 34
  • Location Tax and Other Information:Subdv ParcelLot: 9
  • General Property Description:Property Sub-Type: Single Family Residence
  • Outbuildings:Shed: Yes
  • Internal Features:Water Heater: Electric
  • Foundation:Block2: Yes
  • Siding:Cedar: Yes
  • Alternate Heat:Fireplace: Yes
  • DeckPatio:Deck and Patio: Yes
  • Siding:Concrete Composite: Yes
  • Flooring:Tile2: Yes
  • Miscellaneous Possession: COE
  • Miscellaneous Flood Plain: Flood Plain Addendum Required
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Fireplace Features: Wood-burning Fireplace
  • Fireplace: Yes
  • Flooring: Other, Tile
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Other Structures: Shed
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: Detached
  • General Property Description:Garage Stall: 2

Utilities

  • Heating: Electric Wall/Zone, Fireplace(s)
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Electric WallZone: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111105CB-2200-00
  • Zoning: R-4 Residential

Tax Info

  • Tax Annual Amount: 2662.23
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2015
Sold by
Schwartz Steven and Schwartz Wendy
Bought by
Schwartz Steven Harold and Schwartz Wendy Dee
Current Estimated Value
$791,824

Purchase Details

Closed on
Aug 18, 2010
Sold by
Palombi Kathleen
Bought by
Palombi Tobi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$134,029
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$671,473

Purchase Details

Closed on
Nov 5, 2008
Sold by
Palombi Kathleen
Bought by
Palombi Kathleen and Palombi Tobi
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schwartz Steven Harold -- None Available
Palombi Tobi -- First American Title Ins Co
Palombi Kathleen -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palombi Tobi $200,000
Closed Palombi Tobi $150,000
Closed Palombi Kathleen $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2013 12/09/13 Sold $327,800 -17.8% $284 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
10/18/2013 10/18/13 For Sale $399,000 -- $345 / Sq Ft
Source: Lincoln County Board of REALTORS® MLS (OR)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,283 $292,800 -- --
2023 $5,159 $284,280 $0 $0
2022 $5,000 $276,000 $0 $0
2021 $4,914 $267,970 $0 $0
2020 $4,077 $221,120 $0 $0
2019 $3,902 $214,680 $0 $0
2018 $3,782 $208,430 $0 $0
2017 $3,297 $177,970 $0 $0
2016 $3,227 $172,790 $0 $0
2015 $2,992 $167,760 $0 $0
2014 $2,925 $162,880 $0 $0
2013 -- $158,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lincoln County Board of REALTORS® MLS (OR)

MLS Number: 13-2857

APN: R454038