$425,000
$44K PRICE DROP

1120 NW Spring St Unit I Newport, OR 97365

Nye Beach Neighborhood

Estimated payment $3,012/month

Total Views 25,358
2 Beds
2 Baths
1,243 Sq Ft
$342 Price per Sq Ft

Highlights

  • Ocean View
  • Patio
  • Zoned Cooling
  • 1 Car Attached Garage
  • Living Room
  • 4-minute walk to Newport Skate Park

About This Home

Your coastal dream can come true. This spacious main-floor living unit with attached garage is just north of popular Nye Beach with it's restaurants, shopping, and access to the sand. Make it your permanent residence, lone retreat, or the bylaws will allow for long and short term rentals. Open living space and kitchen with large central island is the perfect place to enjoy the beach with your friends and family. 2Bd / 2bth corner unit includes separate private locked storage space. Buyer to do own due diligence with city for short term rental license availability.

Listing Agent

Randy Olsen

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #201207873 Listed on: 01/01/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,200

Year Built

  • Built in 2007

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof
  • Concrete Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,243 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Utility Room
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Zoned Cooling
  • Heating Available
  • Electricity To Lot Line
  • Water Heater

Listing and Financial Details

  • Tax Lot 70009
  • Assessor Parcel Number 111105CB-70009-00

Community Details

Overview

  • Association fees include trash
  • John Updike Association, Phone Number (415) 702-7194
  • Visit Association Website
  • Secondary HOA Phone (415) 702-7194
  • Spring Street Oceanview Condominiums Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,200

Year Built

Built in 2007

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominiums
  • Road Frontage Type: None
  • Road Surface Type: Paved
  • Subdivision Name: Spring Street Oceanview Condominiums
  • Directions: NW Spring St between NW 11th and NW 12th St. Unit I is on first floor bottom left.
  • Architectural Style: Condo
  • Garage Yn: Yes
  • Year Built: 2007
  • Attribution Contact: (541) 265-2200
  • 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: Ocean
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 70009
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 2.0
  • General Property Description:Levels: One
  • General Property Description:Style: Condo
  • Miscellaneous:Pet Friendly: Yes
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • Internal Features:Water Heater: Electric
  • Siding:Concrete Composite: Yes
  • DeckPatio:Patio: Yes
  • General Property Description Senior Community YN: No
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Window Features: Window Coverings

Exterior Features

  • View: None
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 1

Utilities

  • Heating: Electric Wall/Zone
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: City
  • HeatingCooling:Electric WallZone: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 500.0
  • Association Fee Frequency: Monthly
  • Phone: 415-702-7194
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Garbage - Unit: Yes
  • Association Fee Inclusions:Maintenance - Common Area: Yes
  • Association Fee Inclusions:Property Tax - Common Area: Yes
  • Association Fee Inclusions:Reserves: Yes
  • CondoAssociation:CondoAssoc Fee (MQY): Monthly
  • CondoAssociation:Assoc Contact Name: John Updike
  • CondoAssociation:Assoc Contact Phone: 415-702-7194
  • Association Fee Inclusions:Maintenance - Unit: Yes
  • CondoAssociation:Association Website: https://springsthoa.com/

Fee Information

  • Association Fee Includes: Trash

Lot Info

  • Parcel #: 111105CB-70009-00
  • Zoning: R-4 Residential

Tax Info

  • Tax Annual Amount: 3200.4
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $3,278 $181,640 -- $181,640
2023 $3,200 $176,350 $0 $0
2022 $3,102 $171,220 $0 $0
2021 $3,048 $166,240 $0 $0
2020 $2,976 $161,400 $0 $0
2019 $2,848 $156,700 $0 $0
2018 $2,761 $152,140 $0 $0
2017 $2,736 $147,710 $0 $0
2016 $2,678 $143,410 $0 $0
2015 $2,483 $139,240 $0 $0
2014 $2,427 $135,190 $0 $0
2013 -- $131,260 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Price Changed $425,000 -2.9% $342 / Sq Ft
06/02/2025 06/02/25 Price Changed $437,500 -2.6% $352 / Sq Ft
04/05/2025 04/05/25 Price Changed $449,000 -2.4% $361 / Sq Ft
03/12/2025 03/12/25 Price Changed $460,000 -1.9% $370 / Sq Ft
01/01/2025 01/01/25 For Sale $469,000 +99.6% $377 / Sq Ft
02/22/2018 02/22/18 Sold $235,000 -23.9% $189 / Sq Ft
12/20/2017 12/20/17 Pending -- -- --
12/13/2017 12/13/17 For Sale $308,950 -- $249 / Sq Ft
Source: Lincoln County Board of REALTORS® MLS (OR)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $235,000 Western Title & Escrow
Warranty Deed $200,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $164,500 New Conventional
Source: Public Records

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

MLS Number: 24-2615

APN: R523833

Oregon Lincoln County Newport 97365 Nye Beach

1120 NW Spring St Unit I, Newport, OR

This home is located at 1120 NW Spring St Unit I, Newport, OR 97365 and is currently priced at $425,000, approximately $341 per square foot. This property was built in 2007. 1120 NW Spring St Unit I is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

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Listing Agent
Randy Olsen
Section Image
Advantage Real Estate
(458) 313-3580