NOT LISTED FOR SALE

1022 SW 16th St Lincoln City, OR 97367

Estimated Value: $359,679 - $386,000

2 Beds
1 Bath
1,060 Sq Ft
$348/Sq Ft Est. Value

Last Sold November 19, 2019

Last sale price $205,000 $193 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,174/month

14 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Covered Patio or Porch
  • Bonus Room
  • Cottage
  • Forced Air Cooling System

About This Home

As of November 2019

Classic coastal cottage in the heart of Lincoln City is ready to welcome you home. Step into the warm and inviting living room and pass through an arched doorway to the light and bright, open-concept, kitchen and dining area. 2 bedrooms, full bath with heated towel rack, and a bonus room, makes this home a perfect full time residence or vacation home. Large driveway with room for RV parking. Located just minutes from the outlet mall, local services, dining, casino, golf and of course the miles of sandy ocean beaches.

Last Agent to Sell the Property

Erin Fletcher

Coldwell Banker Professional Group - Lincoln City License #201209781 Listed on: 09/27/2019

Coldwell Banker Professional Group - Lincoln City

Last Buyer's Agent

Sara Bell

Emerald Coast Realty - Newport License #200905137

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,325

Year Built

  • Built in 1938

Lot Details

  • 5,663 Sq Ft Lot
  • Property is zoned R1-7.5

Parking

  • RV Access or Parking

Home Design

  • Cottage
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,060 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Cooling System
  • No Heating
  • Electricity To Lot Line

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 071122AB-4200-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,325

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.13
  • Lot Size: 5663
  • Lot Size Sq Ft: 5662.8
  • Road Surface Type: Paved
  • Directions: Hwy 101 to SW 16th St., to property address on the left.
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1938
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.13
  • Location Tax and Other Information:Tax Lot: 4200
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: One
  • General Property Description:Style: Cottage
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:Furnished: No
  • General Property Description:Lot Dimensions: 5663
  • Location Tax and Other Information:Subdv ParcelLot: NA
  • General Property Description:Property Sub-Type: Single Family Residence
  • Outbuildings:Shed: Yes
  • Alternate Heat:None7: Yes
  • Siding:Lap: Yes
  • Flooring:Carpet: Yes
  • DeckPatio:Covered Porch: Yes
  • Flooring:Tile2: Yes
  • Miscellaneous Possession: COE
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Window Features: Window Coverings

Exterior Features

  • View: None
  • Foundation Details: Cont/Con
  • Other Structures: Shed
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0
  • Miscellaneous:RV Parking: Yes

Utilities

  • Water Source: Public
  • HeatingCooling:Gas Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 071122AB-4200-00
  • Zoning: R1-7.5

Tax Info

  • Tax Annual Amount: 2325.28
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Nov 18, 2019
Sold by
Swart Adam
Bought by
Schneider Michael
Seller's Agent
Erin Fletcher
Coldwell Banker Professional Group - Lincoln City
Buyer's Agent
Sara Bell
Emerald Coast Realty - Newport
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$368,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,670
Avg. Annual Appreciation
10.20%
Original Mortgage
$194,750
Outstanding Balance
$171,500
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$197,170

Purchase Details

Listed on
Oct 2, 2015
Closed on
May 18, 2016
Sold by
Rutherford Donald J and Rutherford Karla M
Bought by
Swart Adam
Seller's Agent
David Davis
Dominion Coast and Valley Real
Buyer's Agent
Erin Fletcher
Coldwell Banker Gesik Realty, Inc
List Price
$164,000
Sold Price
$164,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$161,029
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 23, 2006
Sold by
Ares Richard D and Dryden Group Llc
Bought by
Rutherford Donald J and Rutherford Karla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,400
Interest Rate
6.15%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 22, 2005
Sold by
Dryden Group Llc
Bought by
Ares Richard D and Joyce Ares M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.73%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 19, 2005
Sold by
Taylor Warren M and Siegfried Carol Jean
Bought by
The Dryden Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.73%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schneider Michael $205,000 Western Title & Escrow
Swart Adam $164,000 Western Title & Escrow
Rutherford Donald J $206,000 First American Title Ins Co
Ares Richard D -- --
The Dryden Group Llc $116,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schneider Michael $194,750
Previous Owner Swart Adam $161,029
Previous Owner Rutherford Donald J $185,400
Previous Owner Ares Richard D $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2019 11/19/19 Sold $205,000 0.0% $193 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $205,000 +25.0% $193 / Sq Ft
06/03/2016 06/03/16 Sold $164,000 0.0% $155 / Sq Ft View Prior Sale
03/21/2016 03/21/16 Pending -- -- --
10/02/2015 10/02/15 For Sale $164,000 -- $155 / 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 $2,799 $164,160 -- --
2023 $2,722 $159,380 $0 $0
2022 $2,646 $154,740 $0 $0
2021 $2,520 $150,240 $0 $0
2020 $2,462 $145,870 $0 $0
2019 $2,379 $141,630 $0 $0
2018 $2,325 $137,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Erin Fletcher

    Seller's Agent in 2019

    Erin Fletcher

    Coldwell Banker Professional Group - Lincoln City

    (847) 997-2159

    86 Total Sales

    Erin Fletcher
    Section Image

  • S

    Buyer's Agent in 2019

    Sara Bell

    Emerald Coast Realty - Newport

  • D

    Seller's Agent in 2016

    David Davis

    Dominion Coast and Valley Real

See All Agents

Map

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

MLS Number: 19-2504

APN: R467421

Oregon Lincoln County Lincoln City 97367

1022 SW 16th St, Lincoln City, OR

Not Listed for Sale

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