NOT LISTED FOR SALE

Estimated Value: $386,150 - $428,000

2 Beds
1 Bath
714 Sq Ft
$574/Sq Ft Est. Value

Last Sold May 29, 2020

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

Est. 49% increase in value since last sale

Current estimated payment $2,480/month

73 Days on Market

Highlights

  • Ocean View
  • Furnished
  • Cottage
  • Deck
  • No HOA
  • 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

Equity Plus Real Estate 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 Attached Garage

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 714 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Window Treatments
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Baseboard Heating
  • Electricity To Lot Line
  • Gas Available at Street
  • Water Heater

Additional Features

  • Level Entry For Accessibility
  • Deck

Community Details

  • No Home Owners Association
  • Nye & Thompson Subdivision

Listing and Financial Details

  • Exclusions: Art, personal items
  • Tax Lot 2
  • 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

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.06
  • Lot Size: 50x50
  • Lot Size Sq Ft: 2613.6
  • Road Surface Type: Paved
  • Exclusions: Art, personal items
  • 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
  • Year Built: 1924
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • Contract Information:_three_rd Party Approval: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:Lot SqFt: 2500
  • General Property Description:_pound_ of Acres: 0.06
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 7200
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: One
  • General Property Description:Style: Cottage
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • General Property Description:Lot Dimensions: 50x50
  • Location Tax and Other Information:Subdv ParcelLot: 2
  • General Property Description:Property Sub-Type: Single Family Residence
  • Flooring:Vinyl2: Yes
  • Alternate Heat:None7: Yes
  • Foundation:Slab: Yes
  • Flooring:Carpet: Yes
  • Handicap Features:Level Entry: Yes
  • Siding:Vinyl: Yes
  • Miscellaneous Exclusions: Art, personal items
  • Foundation:PillarPostPier: Yes
  • Miscellaneous Possession: COE
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Flooring: Vinyl, Carpet
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Pillar/Post/Pier, Slab
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 1

Utilities

  • Heating: Baseboard
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

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

Tax Info

  • Tax Annual Amount: 1625.11
  • 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
Equity Plus Real Estate
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
$410,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,038
Avg. Annual Appreciation
8.20%

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
7.08%

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

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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 Change Sq Ft Price
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
09/02/2016 09/02/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $239,000 -- $335 / 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 $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: Lincoln County Board of REALTORS® MLS (OR)

MLS Number: 20-248

APN: R473028