NOT LISTED FOR SALE

1131 SW Coast Ave Lincoln City, OR 97367

Estimated Value: $435,000 - $880,000

3 Beds
2 Baths
1,693 Sq Ft
$717/mo HOA Fee

Last Sold July 27, 2023

Last sale price $780,000 $461 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,208/month

3 Days on Market

Highlights

  • Ocean Front
  • Traditional Architecture
  • Quartz Countertops
  • Deck
  • 2 Fireplaces
  • 1-minute walk to Canyon Drive Park

About This Home

As of July 2023

There are no words to describe the mesmerizing vast ocean views at this gorgeous remodeled oceanfront condo, with beach access just steps away. When you walk into this light, airy, clean condo, there is a sense of calm and serenity as you are drawn to the beauty of the ocean from almost every window. This condo has been modernized with new slab white quartz countertops, stainless steel appliances, fireplace in the main living room, hallway railing, flooring, light fixtures, and more. Take in the fresh salty ocean air from your deck or patio which extends to your back yard, great for a summer barbecue with family and friends. This condo comes with a garage and a carport, but there are also two public parking lots nearby for when friends come and visit for the day. Search for a glass float while walking on the beach, or make your own at the Lincoln City Glass Center nearby. There are many amazing restaurants close at hand, as well as shopping and Tesla chargers at the Lincoln City Outlet Mall. No short-term rentals are allowed. All this condo needs is you!

Last Agent to Sell the Property

Michelle Chao

Premiere Property Group, LLC License #201220460 Listed on: 06/15/2023

Premiere Property Group, LLC

Last Buyer's Agent

Amy Graham

Taylor & Taylor Realty Co. License #200310128

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,923

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • Ocean Front
  • Terraced Lot
  • Sprinkler System
  • Private Yard

HOA Fees

  • $717 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Carport
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,693 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Ocean Views
  • Security Lights

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Tile Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Deck
  • Patio

Location

  • Ground Level

Schools

  • Oceanlake Elementary School
  • Taft Middle School
  • Taft High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R500221

Community Details

Overview

  • 6 Units
  • Canyon Shores HOA, Phone Number (503) 703-6096

Amenities

  • Community Deck or Porch
  • Common Area

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,923

Year Built

Built in 1987 | Remodeled

Lot Details

0

HOA Fees

$717 per month

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1987
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: No
  • CondominiumStorageAvailYN: No
  • CondominiumUnitsInComplex: 6
  • Current Price For Status: 780000.0
  • Open House: No
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 2.0
  • Fireplaces: 2
  • Interior Amenities: GarageDoorOpener, HighSpeedInternet, Laundry, Quartz, TileFloor, VinylFloor, WalltoWallCarpet, WasherDryer
  • Window Features: DoublePaneWindows
  • Appliances: Dishwasher, Disposal, FreeStandingRange, InstantHotWater, Microwave, Quartz, StainlessSteelAppliance, Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Lower
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: Deck, Patio, SecurityLights, Sprinkler, StormDoor, Yard
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Commons, OceanBeachOneQuarterMileOrLess, Terraced
  • Road Surface Type: Paved
  • Waterfront Features: OceanFront
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Garage Type: Carport,Detached
  • Parking Description: Carport
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0
  • CondominiumParkingSpaceNo: 1131
  • CondominiumParkingSpaceNo2: Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: MainLevel
  • Senior Community: No
  • Association Fee: 2150.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Eddie Passadore
  • CondominiumAssociationEmail: info@passadoreproperties.com
  • CondominiumAssociationName: Canyon Shores HOA
  • CondominiumAssociationPhone: 503-703-6096
  • CondominiumAssociationURL: PassadoreProperties.com
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Oceanlake
  • High School: Taft
  • Middle Or Junior School: Taft

Lot Info

  • Farm: No
  • Zoning: R-5 Res
  • Parcel #: R500221

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6923.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jun 20, 2023
Sold by
Beaulaurier Living Trust
Bought by
Marucha Living Trust and Marucha
Seller's Agent
Michelle Chao
Premiere Property Group, LLC
Buyer's Agent
Amy Graham
Taylor & Taylor Realty Co.
List Price
$799,999
Sold Price
$780,000
Premium/Discount to List
-$19,999
-2.5%
Views
65
Current Estimated Value
$737,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,822
Avg. Annual Appreciation
-2.37%
Original Mortgage
$585,000
Outstanding Balance
$570,195
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$166,983

Purchase Details

Listed on
Nov 12, 2021
Closed on
Jan 25, 2022
Sold by
P And W 2012 Trust
Bought by
Beaulaurier Living Trust
Seller's Agent
Marla Rumpf
Windermere Heritage
Buyer's Agent
Kathleen Milldrum
HomeSmart Realty Group
List Price
$675,000
Sold Price
$675,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.12%

Purchase Details

Closed on
Apr 26, 2012
Sold by
Schatz E Wilene
Bought by
Schatz Paul P and Wilene Schatz E
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
Marucha Living Trust $780,000 First American Title
Beaulaurier Living Trust $675,000 Chicago Title
Schatz Paul P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marucha Living Trust $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2023 07/27/23 Sold $780,000 -2.5% $461 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $799,999 +18.5% $473 / Sq Ft
01/27/2022 01/27/22 Sold $675,000 0.0% $423 / Sq Ft View Prior Sale
01/08/2022 01/08/22 Pending -- -- --
11/12/2021 11/12/21 For Sale $675,000 -- $423 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $7,324 $429,580 -- $429,580
2023 $7,122 $417,070 $0 $0
2022 $6,923 $404,930 $0 $0
2021 $6,595 $393,140 $0 $0
2020 $6,443 $381,690 $0 $0
2019 $6,224 $370,580 $0 $0
2018 $6,084 $359,790 $0 $0
2017 $5,823 $349,320 $0 $0
2016 $5,461 $339,150 $0 $0
2015 $5,339 $329,280 $0 $0
2014 $5,203 $319,690 $0 $0
2013 -- $278,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23569924

Regional Multiple Listing Service (RMLS)

APN: R500221