$986,500
SOLD MAY 31, 2024
3 Beds
4 Baths
2,750 Sq Ft
0.48 Acres

Recently Sold

$359 Per Sq Ft

10% Below List Price

44 Days on Market

Highlights

  • Ocean View
  • Deck
  • Vaulted Ceiling
  • 0.48 Acre Lot
  • Contemporary Architecture
  • 3-minute walk to Otter Rock Marine Garden and Beach

About This Home

As of May 2024

Welcome to your coastal sanctuary in the exclusive gated community of Sea Crest! Nestled in a native forest overlooking the ocean, this stunning contemporary home offers a perfect blend of luxury, tranquility, and breathtaking views. As you enter, you're greeted by an abundance of natural light that floods the open floor plan, highlighting the modern design and elegant finishes throughout. With 3 bedrooms and 3.5 bathrooms, including a luxurious steam shower and sauna, comfort and relaxation are at the forefront of this home's design. Step outside onto the expansive deck and take in the panoramic ocean views while soaking in the hot tub or enjoying a swim in the endless pool. The patio provides an ideal space for unwinding amidst the coastal breeze. Recent upgrades, including a revamped kitchen buffet area and a fully loaded garage with cabinets, enhance the functionality and style of this already impressive residence. New additions such as a dishwasher, range/oven, furnace, and heat pump in the pool ensure modern convenience and efficiency. A rain cover on the deck allows for year-round enjoyment of the first-floor patio, while Hunter Douglas shades provide privacy and style. As a bonus, a vacant lot to the north of the home is also included with the sale, providing additional space and potential for expansion or development along with the ability to maximize your views. Located within the Sea Crest community, residents have access to a network of trails along the oceanfront and through the forest, perfect for leisurely strolls or adventurous hikes. With shelter from northerly winds and fog, this private enclave offers a peaceful retreat from the hustle and bustle of everyday life. Don't miss this opportunity to experience coastal living at its finest. Schedule your private tour today and discover the endless possibilities awaiting you at Sea Crest!

Last Agent to Sell the Property

Stacey Clendenin

Realty One Group At The Beach, Newport License #201220935 Listed on: 03/14/2024

Realty One Group At The Beach, Newport

Co-Listed By

Alishia Smith

Realty One Group At The Beach, Newport License #201241702

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,065

Year Built

  • Built in 2003

Lot Details

  • 0.48 Acre Lot
  • Irregular Lot
  • Property is zoned R-1 Residential, Single

HOA Fees

  • $262 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Forest

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Shingle Siding
  • Cedar Siding

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Gas Fireplace
  • Window Treatments
  • Den

Kitchen

  • <<microwave>>
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Forced Air Cooling System
  • Radiant Heating System
  • Electricity To Lot Line
  • Propane
  • Water Heater

Community Details

  • Association fees include insurance
  • Sea Crest At Otter Rock Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 11, 12
  • Assessor Parcel Number 091132BA-4400-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,065

Year Built

Built in 2003

Lot Details

0

HOA Fees

$262 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.48
  • Lot Size Sq Ft: 20908.8
  • Road Surface Type: Paved
  • Inclusions: Some furnishings
  • Subdivision Name: Sea Crest at Otter Rock
  • Directions: Hwy 101 turn West into Otter Rock Loop, take a left on Otter Crest Road to gated Sea Crest community. Keep to your right once inside the gates.
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Year Built: 2003
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • Contract Information:_three_rd Party Approval: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: Forest
  • General Property Description:Lot SqFt: 20908.80
  • General Property Description:_pound_ of Acres: 0.48
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 4400
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 3.5
  • General Property Description:Levels: Two
  • General Property Description:Style: Contemporary
  • General Property Description:Basement: Daylight
  • Miscellaneous:Pet Friendly: Yes
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Gas
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Partial
  • Alternate Heat:Gas Fireplace: Yes
  • Location Tax and Other Information:Subdv ParcelLot: 11, 12
  • General Property Description:Property Sub-Type: Single Family Residence
  • Internal Features:Water Heater: Electric
  • Foundation:Slab: Yes
  • Ceiling:Vaulted: Yes
  • Siding:Cedar: Yes
  • Flooring:Carpet: Yes
  • Flooring:Wood3: Yes
  • DeckPatio:Deck and Patio: Yes
  • Lot Type:Irregular: Yes
  • Miscellaneous:Den: Yes
  • DeckPatio:Covered Porch: Yes
  • Flooring:Tile2: Yes
  • Siding:Shingle2: Yes
  • Water:Community: Yes
  • Ceiling:Beam: Yes
  • Sewer:Public2: Yes
  • HeatingCooling:Radiant: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Wood, Tile
  • Interior Amenities: Beamed Ceilings, Vaulted Ceiling(s)
  • Window Features: Window Coverings

Exterior Features

  • Lot Features: Irregular Lot
  • View: Ocean
  • Foundation Details: Slab
  • Other Structures: None
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

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

Utilities

  • Heating: Radiant
  • Heating Yn: Yes
  • Water Source: Community
  • HeatingCooling:Electric Forced Air: Yes
  • Gas/Propane: Yes

Condo/Co-op/Association

  • Association Fee: 262.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Insurance - General: Yes
  • Association Fee Inclusions:Maintenance - Common Area: Yes
  • Association Fee Inclusions:Property Tax - Common Area: Yes
  • Association Fee Inclusions:Utilities - Common Area: Yes
  • Association Fee Inclusions:Reserves: Yes
  • CondoAssociation:CondoAssoc Fee (MQY): Monthly

Fee Information

  • Association Fee Includes: Insurance

Lot Info

  • Additional Parcels Description: 09-11-32-BA-04300-00, Lot 4300
  • Parcel #: 091132BA-4400-00
  • Zoning: R-1 Residential, Single
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8065.49
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
Apr 9, 2021
Sold by
Builder Kenneth Mark and Kenneth Mark Builder Trust
Bought by
Peterson Mark J and Peterson Suzanne F
Seller's Agent
Bonnie Saxton
Advantage Real Estate
Buyer's Agent
Stacey Clendenin
Coldwell Banker Professional Group - Newport
List Price
$719,000
Sold Price
$719,000
Current Estimated Value
$985,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,466
Avg. Annual Appreciation
7.70%
Original Mortgage
$575,200
Outstanding Balance
$524,162
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$461,304
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $719,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $575,200 VA
Previous Owner $339,584 New Conventional
Previous Owner $381,745 New Conventional
Previous Owner $417,000 Unknown
Previous Owner $99,900 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $986,500 -10.3% $359 / Sq Ft
03/14/2024 03/14/24 For Sale $1,100,000 +53.0% $400 / Sq Ft
04/09/2021 04/09/21 Sold $719,000 0.0% $261 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $719,000 -- $261 / 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 $7,970 $609,130 -- --
2023 $7,345 $561,630 $0 $0
2022 $7,135 $545,280 $0 $0
2021 $6,994 $529,400 $0 $0
2020 $7,155 $541,220 $0 $0
2019 $6,596 $525,460 $0 $0
2018 $6,374 $510,160 $0 $0
2017 $6,436 $495,310 $0 $0
2016 $6,226 $480,890 $0 $0
2015 $5,287 $433,390 $0 $0
2014 $4,889 $420,770 $0 $0
2013 -- $408,520 $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: 24-473

APN: R501107