NOT LISTED FOR SALE

1180 SE Oar Ave Lincoln City, OR 97367

127 Beds
95 Baths
29,799 Sq Ft
1.74 Acres

Last Sold January 29, 2019

Last sale price $7,525,000 $253 Per Sq Ft

67 Days on Market

About This Home

As of January 2019

Beautiful, well crafted & newly constructed 56 apartment community for sale. Great location & excellent occupancy history. Fully stabilized with rent upside potential. RUBS & pet rents are already in place. 41 two bedroom units & 15 three bedroom units. Units are low maintenance with LVP flooring & oversized decks. Do not disturb the tenants.

Last Agent to Sell the Property

Gabe Johansen

SMI REAL ESTATE License #201202003 Listed on: 07/20/2018

SMI REAL ESTATE

Co-Listed By

Mike Fulgaro

SMI REAL ESTATE License #201213745

Last Buyer's Agent

Gabe Johansen

SMI REAL ESTATE License #201202003 Listed on: 07/20/2018

SMI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $76,789

Year Built

  • Built in 2015

Lot Details

  • 1.74 Acre Lot

Home Design

  • 29,799 Sq Ft Home

Bedrooms and Bathrooms

  • 127 Bedrooms
  • 95 Bathrooms

Community Details

  • 56 Units
  • Cascade View Commons Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$76,789

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Beautiful, well crafted & newly constructed 56 apartment community for sale. Great location & excellent occupancy history. Fully stabilized with rent upside potential. RUBS & pet rents are already in place. 41 two bedroom units & 15 three bedroom units. Units are low maintenance with LVP flooring & oversized decks. Do not disturb the tenants.
  • Cross Street: Devils Lake Rd
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 95
  • Total Bedrooms: 127

Lot Info

  • Acres: 1.74
  • Zoning: RM
  • Property Name: Cascade View Commons

Tax Info

  • Tax Amount: 76789

Multi Family

  • Number Of Units: 56

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2019 01/31/19 Off Market $7,525,000 -- --
01/29/2019 01/29/19 Sold $7,525,000 -4.1% $253 / Sq Ft
07/20/2018 07/20/18 For Sale $7,850,000 -- $263 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gabe Johansen

    Seller's Agent in 2019

    Gabe Johansen

    SMI REAL ESTATE

    (503) 851-0048

    71 Total Sales

    Gabe Johansen
    Section Image
  • Mike Fulgaro

    Seller Co-Listing Agent in 2019

    Mike Fulgaro

    SMI REAL ESTATE

    (503) 559-3328

    Mike Fulgaro
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 736690

Willamette Valley MLS
Oregon Lincoln County Lincoln City 97367

1180 SE Oar Ave, Lincoln City, OR

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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