NOT LISTED FOR SALE

Estimated Value: $380,496 - $460,000

2 Beds
1 Bath
714 Sq Ft
$577/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $275,000 $385 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,372/month

73 Days on Market

Highlights

  • Bonus Room
  • No HOA
  • Living Room
  • Furnished
  • Cottage
  • 2-minute walk to Literacy Park

About This Home

As of May 2020

TURN KEY vacation rental opportunity! OCEAN VIEW BEACH COTTAGE in Newport's popular Nye Beach district! Less than 2 blocks to BEACH ACCESS, Coast Park, the Performing Arts Center, and all the shops and restaurants in Nye Beach. Updated cottage with 2 beds, 1 bath, full-sized laundry, newer kitchen appliances, mud room, and attached garage. Low maintenance yard. Great investment opportunity! SOLD FURNISHED and has TRANSFERABLE VACATION RENTAL LICENSE.

Last Agent to Sell the Property

Brodie Becksted

Ocean Equity Real Estate & Investments, LLC License #200302191 Listed on: 02/27/2020

Co-Listed By

Heidi Rogers

Ocean Equity Real Estate & Investments, LLC License #201206892

Last Buyer's Agent

Roland Woodcock

Seashore Homes Realty License #200802191

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,625

Year Built

  • Built in 1924

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 50x50
  • Property is zoned R-4 Residential

Parking

  • 1 Car Garage

Home Design

  • Cottage
  • Composition Roof

Interior Spaces

  • 714 Sq Ft Home
  • Furnished
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Heating Available
  • Water Heater

Community Details

  • No Home Owners Association
  • Nye & Thompson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111108BB-7200-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,625

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Lot Size: 50x50
  • Lot Size Sq Ft: 2613.6
  • Road Surface Type: Paved
  • Co List Office Mls Id: OER
  • Co List Office Phone: 541-265-8303
  • Subdivision Name: Nye & Thompson
  • Directions: Hwy 101 to Olive St, turn right on NW High St to property on left.
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Unit Levels: One
  • Year Built Details: Updated
  • Year Built: 1924
  • Special Features: None
  • Year Built: 1924

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Water Heater
  • Basement YN: No
  • Total Bedrooms: 2
  • Flooring: Carpet, Vinyl
  • Window Features: Window Treatments

Exterior Features

  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Pillar/Post/Pier, Slab
  • Other Structures: None
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Attached Garage

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108BB-7200-00
  • Zoning: R-4 Residential

Tax Info

  • Tax Annual Amount: 1625.11
  • Tax Lot: 7200
  • Tax Map Number: 11-11-08-BB
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2020
Closed on
May 26, 2020
Sold by
White Pine Properties Llc
Bought by
Gordon Corbett and Kolsky Gordon Trust
Seller's Agent
Brodie Becksted
Ocean Equity Real Estate & Investments, LLC
Buyer's Agent
Roland Woodcock
Seashore Homes Realty
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%
Current Estimated Value
$411,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,624
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Mar 20, 2017
Sold by
Norwick James D and Norwick Camille A
Bought by
White Pine Properties Llc

Purchase Details

Listed on
Jul 6, 2016
Closed on
Sep 13, 2016
Sold by
Venditti Robbi D and Mccleney Bryan F
Bought by
Norwick James D and Norwick Camille A
Seller's Agent
Lucinda Chapman
Oregon Coast Properties
Buyer's Agent
Steve Lovas
Martek Real Estate
List Price
$239,000
Sold Price
$225,000
Premium/Discount to List
-$14,000
-5.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Oct 6, 2011
Sold by
Blakeslee Properties Llc
Bought by
Venditti Robbi D and Mccleney Bryan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,800
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2008
Sold by
Blakeslee William C
Bought by
Blakeslee Properties Llc
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
Gordon Corbett $275,000 Western Title & Escrow
White Pine Properties Llc -- None Available
Norwick James D $225,000 Western Title & Escrow
Venditti Robbi D $163,500 Western Title & Escrow
Blakeslee Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Venditti Robbi D $130,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2020 05/29/20 Sold $275,000 -6.8% $385 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $295,000 +31.1% $413 / Sq Ft
09/19/2016 09/19/16 Sold $225,000 -5.9% $315 / Sq Ft View Prior Sale
09/02/2016 09/02/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $239,000 -- $335 / Sq Ft
Source: Oregon Coast Multiple Listing Service

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
2025 $2,504 $139,950 -- --
2024 $2,452 $135,880 -- --
2023 $2,394 $131,930 $0 $0
2022 $2,193 $121,030 $0 $0
2021 $1,739 $94,840 $0 $0
2020 $1,698 $92,080 $0 $0
2019 $1,625 $89,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-90044

Oregon Coast Multiple Listing Service

APN: R473028