$542,500
SOLD JAN 5, 2024

1205 SW Abbey St Newport, OR 97365

Bayfront Neighborhood
2 Beds
2 Baths
1,116 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$486 Per Sq Ft

37% Below List Price

191 Days on Market

Highlights

  • Bay View
  • Traditional Architecture
  • No HOA
  • Deck
  • Wood Flooring
  • Living Room

About This Home

As of January 2024

Timeless home sits on wooded property with impressive views of the docks, marinas, bridge, and coastal mountains of Yaquina Bay. Listen to the sea lions in the bay from your front stoop. Enjoy privacy and peace on this cozy dead-end street. Home nestled in the trees, boasts sliding glass doors to new deck, newer siding and windows, updated bathrooms with ceramic floors, interior paint, and new vinyl flooring throughout main level. Natural landscape is beautiful but low-maintenance with granite rock and park-like setting. Kitchen has been remodeled with granite countertops, stainless appliances, and ceramic tile flooring as well. Partial basement provides utility room and ample storage. Updated throughout! Furnishings negotiable.

Last Agent to Sell the Property

Drew Rasmussen

Coldwell Banker Professional Group - Newport License #201237517 Listed on: 08/31/2023

Coldwell Banker Professional Group - Newport

Last Buyer's Agent

K. Kier

Advantage Real Estate License #910500212

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,713

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 78x75
  • Property is zoned R-3 Residential

Property Views

  • Bay
  • River

Home Design

  • Traditional Architecture
  • Block Foundation
  • Composition Roof
  • Concrete Siding

Interior Spaces

  • 1,116 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room
  • Natural lighting in basement
  • Microwave

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck
  • Shed

Utilities

  • Electric Baseboard Heater
  • Electricity To Lot Line
  • Natural Gas Not Available
  • Water Heater

Community Details

  • No Home Owners Association
  • Bayley And Case's Subdivision

Listing and Financial Details

  • Tax Lot 6300
  • Assessor Parcel Number 111108CA-6300-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,713

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.13
  • Lot Size: 78x75
  • Lot Size Sq Ft: 5662.8
  • Road Surface Type: Gravel
  • Subdivision Name: Bayley and Case's
  • Directions: From HWY 101, turn East onto SW Abbey St. Continue on and stay Left at the Fork. Home on the top of the hill, on left.
  • Architectural Style: Traditional
  • Garage Yn: No
  • Year Built: 1910
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Bay
  • General Property Description:Secondary View: River
  • General Property Description:Lot SqFt: 5850
  • General Property Description:_pound_ of Acres: 0.13
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 6300
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 2.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Traditional
  • General Property Description:Basement: Yes
  • Miscellaneous:Pet Friendly: Yes
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Sewer:City3: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Negotiable
  • General Property Description:Lot Dimensions: 78x75
  • General Property Description:Property Sub-Type: Single Family Residence
  • Outbuildings:Shed: Yes
  • Internal Features:Water Heater: Electric
  • Flooring:Vinyl2: Yes
  • Gas:None6: Yes
  • Foundation:Block2: Yes
  • Flooring:Wood3: Yes
  • Siding:Concrete Composite: Yes
  • Flooring:Tile2: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Flooring: Vinyl, Wood, Tile

Exterior Features

  • View: Bay
  • Other Structures: Shed
  • Patio And Porch Features: Deck
  • Roof: Composition
  • Water On Property: Yes

Garage/Parking

  • General Property Description:Garage Type: None

Utilities

  • Water Source: On Property, Public
  • HeatingCooling:Electric Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108CA-6300-00
  • Zoning: R-3 Residential

Tax Info

  • Tax Annual Amount: 2712.78
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Dec 27, 2023
Sold by
Butcher Stephen Aaron
Bought by
Kennerley William L and Barlow Dawn R
Seller's Agent
Drew Rasmussen
Coldwell Banker Professional Group - Newport
Buyer's Agent
K. Kier
Advantage Real Estate
List Price
$859,000
Sold Price
$542,500
Premium/Discount to List
-$316,500
-36.85%
Views
264
Current Estimated Value
$531,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,918
Avg. Annual Appreciation
-1.29%
Original Mortgage
$372,500
Outstanding Balance
$367,987
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$163,595

Purchase Details

Listed on
Aug 19, 2021
Closed on
Dec 7, 2021
Sold by
Burdett John David and John Burdett Revocable Living
Bought by
Butcher Stephen Aaron
Seller's Agent
Steve Lovas
Martek Real Estate
Buyer's Agent
Alexandra Underhill
Martek Real Estate
List Price
$275,000
Sold Price
$277,500
Premium/Discount to List
$2,500
0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.03%

Purchase Details

Closed on
Aug 7, 2006
Sold by
Burdett John D
Bought by
Burdett John David and John David Burdett Revocable Living Tr
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 $542,500 Western Title
Warranty Deed $277,500 Western Title & Escrow
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $372,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $542,500 -5.6% $486 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
11/16/2023 11/16/23 Price Changed $574,900 -2.5% $515 / Sq Ft
09/20/2023 09/20/23 Price Changed $589,900 -31.3% $529 / Sq Ft
06/02/2023 06/02/23 For Sale $859,000 +209.5% $770 / Sq Ft
12/07/2021 12/07/21 Sold $277,500 +0.9% $290 / Sq Ft
08/19/2021 08/19/21 For Sale $275,000 -- $288 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
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 $4,133 $229,030 -- --
2023 $3,262 $179,760 $0 $0
2022 $2,713 $149,740 $0 $0
2021 $2,666 $145,380 $0 $0
2020 $2,603 $141,150 $0 $0
2019 $2,491 $137,040 $0 $0
2018 $2,415 $133,050 $0 $0
2017 $2,393 $129,180 $0 $0
2016 $2,342 $125,420 $0 $0
2015 $2,188 $122,690 $0 $0
2014 $2,114 $117,720 $0 $0
2013 -- $118,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Drew Rasmussen

    Coldwell Banker Professional Group - Newport

    5 in this area

    20 Total Sales

    Drew Rasmussen
    Section Image

  • K

    Buyer's Agent in 2024

    K. Kier

    Advantage Real Estate

    (541) 265-2200

    4 in this area

    67 Total Sales

    K. Kier
    Section Image

  • S

    Seller's Agent in 2021

    Steve Lovas

    Martek Real Estate

    (541) 265-8785

    15 in this area

    141 Total Sales

    Steve Lovas
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Sonja Lovas

    Martek Real Estate

    (541) 961-3866

    17 in this area

    181 Total Sales

    Sonja Lovas
    Section Image

  • A

    Buyer's Agent in 2021

    Alexandra Underhill

    Martek Real Estate

    5 in this area

    86 Total Sales

    Alexandra Underhill
    Section Image
See All Agents

Map

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

MLS Number: 23-1023

APN: R454075

Oregon Lincoln County Newport 97365 Bayfront

1205 SW Abbey St, Newport, OR

This home is located at 1205 SW Abbey St, Newport, OR 97365 and is currently priced at $542,500, approximately $486 per square foot. This property was built in 1910. 1205 SW Abbey St is a home located in Lincoln County with nearby schools including Yaquina View Elementary School, Sam Case Elementary School, and Newport High School.

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