NOT LISTED FOR SALE

1508 NE Lake Dr Lincoln City, OR 97367

Estimated Value: $1,072,605 - $1,104,000

3 Beds
2 Baths
1,872 Sq Ft
$582/Sq Ft Est. Value

Last Sold April 25, 2016

Last sale price $577,500 $308 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,233/month

147 Days on Market

Highlights

  • Lake Front
  • No HOA
  • Living Room
  • Contemporary Architecture
  • Forced Air Cooling System
  • 4-minute walk to 400 Year Old Sitka Spruce Tree

About This Home

As of April 2016

Lake front living at it's best! Enjoy expansive lake views! Complete remodel in 2001 from the studs out. See supplement for upgrades. Main level master bedroom and level entry. Vaulted living area with specialty lighting throughout! Walls of windows to enjoy the panoramic lake views! Enjoy amenities of boat house with roof top deck and electric boat wench. Lower level family room with wet bar.. 1508 NE Lake Drive
Lincoln City, Oregon

2001 Improvements
1.Completely reframed
2.Completely new plumbing
3.All new electrical wiring
4.New septic leach lines
5.New storm drains
6.New hot water heater and power in boat house
7.New heated mirrors in both baths
8.Supplemental heating in both baths
9.New electric forced air furnace
10.Enlarged downstairs bath
11.Accent lighting in kitchen under counters, under cabinets toe kick, and above soffits
12.Remote control lighting in living room, dining room, kitchen, and hall
13.Dimmer switches throughout house
14.Two water heaters
15.Granite kitchen counters
16.Casa Blanca ceiling fans living room and master bedroom
17.New vinyl windows
18.Hardiplank siding
19.Concrete tile roof
20.Boat dock and ramp
21.Boat winch and trailer
22.Cedar deck off dining room
23.Three tiers of retaining walls on lakefront
24.Monitored security and fire system
Boat House Sq. Ft.: 450
Decking with railing above Boat House Sq Ft: 450

Last Agent to Sell the Property

Sandra Lamb

John L Scott Lincoln City Listed on: 10/20/2015

Last Buyer's Agent

Mark Farrow

HomeSmart Realty Group License #960600078

HomeSmart Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,087

Year Built

  • Built in 2001

Lot Details

  • 6,534 Sq Ft Lot
  • Lake Front
  • Property is zoned R1-7.5

Home Design

  • Contemporary Architecture
  • Tile Roof
  • Concrete Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Lake Views
  • Natural lighting in basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Cooling System
  • Electricity To Lot Line
  • Gas Available at Street
  • Septic System

Community Details

  • No Home Owners Association
  • Loyd Forest Oceanlake Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 071111CD-5200-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,087

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.15
  • Lot Size: Irregular
  • Lot Size Sq Ft: 6534.0
  • Road Surface Type: Gravel
  • Subdivision Name: Loyd Forest - Oceanlake
  • Directions: West Devils Lake Rd to NE 15th St to address
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Year Built: 2001
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: Lake
  • General Property Description:Primary View: Lake
  • General Property Description:Secondary View: Lake
  • General Property Description:_pound_ of Acres: 0.15
  • Location Tax and Other Information:Tax Lot: 5200
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 2.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Contemporary
  • General Property Description:Basement: Yes
  • Electric:On Property2: Yes
  • General Property Description:Lot Dimensions: Irregular
  • Location Tax and Other Information:Subdv ParcelLot: 15
  • General Property Description:Property Sub-Type: Single Family Residence
  • Siding:Concrete Composite: Yes
  • Sewerseptic In: Yes
  • RoofTile: Yes
  • Miscellaneous Possession: Negotiable
  • Special Features: None

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • View: Lake
  • Foundation Details: Cont/Con
  • Roof: Tile

Garage/Parking

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

Utilities

  • Water Source: City Property
  • HeatingCooling:Electric Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 071111CD-5200-00
  • Zoning: R1-7.5

Tax Info

  • Tax Annual Amount: 4086.92
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2015
Closed on
Apr 22, 2016
Sold by
Deraeve M Edward
Bought by
Eastridge James A
Seller's Agent
Sandra Lamb
John L Scott Lincoln City
Buyer's Agent
Mark Farrow
HomeSmart Realty Group
List Price
$595,000
Sold Price
$577,500
Premium/Discount to List
-$17,500
-2.94%
Current Estimated Value
$1,089,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,151
Avg. Annual Appreciation
6.99%

Purchase Details

Closed on
Sep 21, 2009
Sold by
Deraeve Ed
Bought by
Deraeve M Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
5.25%
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
Eastridge James A $577,500 Western Title & Escrow
Deraeve M Edward -- Premier Title Of Oregon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deraeve M Edward $322,000
Previous Owner Deraeve M Edward $402,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2016 04/25/16 Sold $577,500 -2.9% $308 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
10/20/2015 10/20/15 For Sale $595,000 -- $318 / 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 $5,750 $334,890 -- --
2023 $5,592 $325,140 $0 $0
2022 $5,436 $315,670 $0 $0
2021 $5,179 $306,480 $0 $0
2020 $5,059 $297,560 $0 $0
2019 $4,887 $288,900 $0 $0
2018 $4,777 $280,490 $0 $0
2017 $4,572 $272,330 $0 $0
2016 $4,290 $264,400 $0 $0
2015 $4,194 $256,700 $0 $0
2014 $4,087 $249,230 $0 $0
2013 -- $241,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sandra Lamb

    John L Scott Lincoln City

  • Mark Farrow

    Buyer's Agent in 2016

    Mark Farrow

    HomeSmart Realty Group

    (503) 559-9901

    44 Total Sales

    Mark Farrow
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Map

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

MLS Number: 15-2926

APN: R152803

Oregon Lincoln County Lincoln City 97367

1508 NE Lake Dr, Lincoln City, OR

This home is located at 1508 NE Lake Dr, Lincoln City, OR 97367 since 20 October 2015 and is currently estimated at $1,089,651, approximately $582 per square foot. This property was built in 2001. 1508 NE Lake Dr is a home located in Lincoln County with nearby schools including Oceanlake Elementary School, Taft Elementary School, and Taft High School.

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