NOT LISTED FOR SALE

Estimated Value: $498,000 - $589,592

3 Beds
1 Bath
1,668 Sq Ft
$327/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $565,000 $339 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,237/month

10 Days on Market

Highlights

  • Ocean View
  • Vaulted Ceiling
  • No HOA
  • Deck
  • Wood Flooring
  • 3-minute walk to Literacy Park

About This Home

As of July 2022

Enjoy ocean and lighthouse views from this renovated home. This three bedroom, one bath cottage has decks and a patio plus an artists's studio and a garden shed. Enjoy ocean views from the living room, dining room, kitchen, deck and all of the bedrooms. One upstairs bedroom gives a wide ocean view that includes the Yaquina Head lighthouse. You'll find many charming details such as the antique-look gas fireplace, light fixtures, beadboard and built ins. Practical upgrades include stainless appliances and hood, solar panels, ductless heat pump and an on-demand tankless hot water heater. This home is located overlooking Nye Beach with it's parks, shops and Newport's Performing Art's Center.

Last Agent to Sell the Property

Danielle Cutler

John L Scott Newport License #200607013 Listed on: 05/20/2022

Last Buyer's Agent

Eddie Townsend

Oregon Life Homes License #201237169

Oregon Life Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,891

Year Built

  • Built in 1915

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 48.92 x 83.3
  • Property is zoned R-4 Residential

Home Design

  • Cottage
  • Block Foundation
  • Composition Roof
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 1,668 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Utility Room
  • Wood Flooring
  • Ocean Views
  • Natural lighting in basement
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Heat Pump System
  • Electricity To Lot Line
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 111108BA-11000-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,891

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.09
  • Lot Size: 48.92 x 83.3
  • Lot Size Sq Ft: 3920.4
  • Road Surface Type: Paved
  • Directions: Highway 101 to W Olive St. Turn west on Olive St then left on Hurbert St to address on left.
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1915
  • 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
  • General Property Description:Lot SqFt: 3920
  • General Property Description:_pound_ of Acres: 0.09
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 11000
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Cottage
  • General Property Description:Basement: Yes
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:RangeOven: Gas
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Lot Dimensions: 48.92 x 83.3
  • Location Tax and Other Information:Subdv ParcelLot: NA
  • General Property Description:Property Sub-Type: Single Family Residence
  • Outbuildings:Shed: Yes
  • Internal Features:Water Heater: Gas
  • Foundation:Block2: Yes
  • Ceiling:Vaulted: Yes
  • Flooring:Wood3: Yes
  • DeckPatio:Deck and Patio: Yes
  • Sewer:City Property2: Yes
  • Siding:Wood: Yes
  • Roof:Membrane: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Vaulted Ceiling(s)
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Other Structures: Shed
  • Roof: Composition, Membrane
  • Water On Property: Yes
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0

Utilities

  • Heating: Heat Pump
  • Heating Yn: Yes
  • Water Source: On Property, Public
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108BA-11000-00
  • Zoning: R-4 Residential

Tax Info

  • Tax Annual Amount: 3890.96
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 8, 2022
Sold by
Torres Christina C
Bought by
Chernoff Gerald F and Chernoff Linda O
Seller's Agent
Danielle Cutler
John L Scott Newport
Buyer's Agent
Eddie Townsend
Oregon Life Homes
List Price
$597,000
Sold Price
$565,000
Premium/Discount to List
-$32,000
-5.36%
Current Estimated Value
$544,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,352
Avg. Annual Appreciation
-1.12%
Original Mortgage
$200,000
Outstanding Balance
$190,294
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$354,354

Purchase Details

Listed on
Jun 24, 2013
Closed on
Jul 17, 2013
Sold by
Penzola Joseph P and Penzola Nancy K Farrell
Bought by
Torres Christina
Seller's Agent
Sonja Lovas
Windermere West Coast Properties
Buyer's Agent
Steve Lovas
Windermere West Coast Properties
List Price
$257,000
Sold Price
$245,000
Premium/Discount to List
-$12,000
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$196,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Chernoff Gerald F $565,000 None Listed On Document
Torres Christina $245,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chernoff Gerald F $200,000
Previous Owner Torres Christina $196,000
Previous Owner Torres Christina $24,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2022 07/11/22 Sold $565,000 -5.4% $339 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $597,000 +143.7% $358 / Sq Ft
07/17/2013 07/17/13 Sold $245,000 -4.7% $180 / Sq Ft View Prior Sale
07/01/2013 07/01/13 Pending -- -- --
06/24/2013 06/24/13 For Sale $257,000 -- $189 / 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 $4,184 $231,850 -- --
2023 $4,085 $225,100 $0 $0
2022 $3,959 $218,550 $0 $0
2021 $3,891 $212,190 $0 $0
2020 $3,381 $183,340 $0 $0
2019 $3,236 $178,000 $0 $0
2018 $3,136 $172,820 $0 $0
2017 $3,108 $167,790 $0 $0
2016 $3,043 $162,910 $0 $0
2015 $2,821 $158,170 $0 $0
2014 $2,757 $153,570 $0 $0
2013 -- $149,100 $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: 22-988

APN: R251190