$235,000
SOLD FEB 22, 2018

1120 NW Spring St Unit I Newport, OR 97365

Nye Beach Neighborhood
2 Beds
2 Baths
1,243 Sq Ft
$300/mo HOA Fee

Recently Sold

$189 Per Sq Ft

24% Below List Price

7 Days on Market

Highlights

  • Ocean View
  • Patio
  • Zoned Cooling
  • Traditional Architecture
  • Accessible Bathroom
  • 1-Story Property

About This Home

As of February 2018

Ground floor condo with ocean and Yaquina Head views. Short distance to Nye Beach shopping, dining, galleries and beach access. Open floor plan with brand new carpet in bedrooms and laminate flooring throughout. Enter home through front door or garage. Gas fireplace for cozy nights, covered front porch, alarm system, phantom screen door and locked storage unit. A perfect primary or second home!

Last Agent to Sell the Property

Jana Westhusing

Martek Real Estate Brokerage Phone: 541-265-8785 License #201213839 Listed on: 12/13/2017

Last Buyer's Agent

Randy Olsen

Advantage Real Estate License #201207873

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,678

Year Built

  • Built in 2007

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Concrete Siding
  • Cedar Siding

Interior Spaces

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

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

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

Additional Features

  • Accessible Bathroom
  • Patio

Listing and Financial Details

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

Community Details

Overview

  • Association Phone (541) 265-3537
  • Secondary HOA Phone (541) 265-3537

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,678

Year Built

Built in 2007

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominiums
  • Road Frontage Type: None
  • Lot Size: .04
  • Road Surface Type: Paved
  • Directions: Hwy 101. West on NW 11th Street. Right on Spring Street to address.
  • Architectural Style: Traditional
  • Garage Yn: No
  • Year Built: 2007
  • Attribution Contact: 541-265-8785
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • 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: Traditional
  • Miscellaneous:Pet Friendly: Yes
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:Microwave: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Lot Dimensions: .04
  • Location Tax and Other Information:Subdv ParcelLot: 70009
  • Internal Features:Water Heater: Electric
  • Siding:Cedar: Yes
  • Flooring:Carpet: Yes
  • Siding:Concrete Composite: Yes
  • DeckPatio:Patio: Yes
  • Miscellaneous Possession: Closing
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Other, Carpet
  • Window Features: Window Coverings
  • Handicap Features:Bath Modifications: Yes

Exterior Features

  • View: Ocean
  • Foundation Details: Cont/Con
  • Other Structures: None
  • Patio And Porch Features: Patio
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: None
  • 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

  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Phone: 541-265-3537
  • Association: Yes

Association/Amenities

  • CondoAssociation:CondoAssoc Fee (MQY): Monthly
  • CondoAssociation:Assoc Contact Phone: 541.265.3537

Lot Info

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

Tax Info

  • Tax Annual Amount: 2678.39
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2022
Sold by
Busch Norman F and Busch Beverly A
Bought by
Norman And Beverly Busch Family Trust and Busch

Purchase Details

Listed on
Dec 13, 2017
Closed on
Feb 20, 2018
Sold by
Lombard Janelle M
Bought by
Busch Beverly A and Busch Norman F
Seller's Agent
Jana Westhusing
Martek Real Estate
Buyer's Agent
Randy Olsen
Advantage Real Estate
List Price
$308,950
Sold Price
$235,000
Premium/Discount to List
-$73,950
-23.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%
Original Mortgage
$164,500
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2009
Sold by
Equs Lending Llc
Bought by
Lombard Janelle M
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 -- 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

Property History

Date Event Price Change Sq Ft Price
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)

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 $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

Agents Affiliated with this Home

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Map

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

MLS Number: 17-1933

APN: R523833