NOT LISTED FOR SALE

151 NW 3rd St Newport, OR 97365

Estimated Value: $578,000 - $705,000

5 Beds
3 Baths
2,618 Sq Ft
$244/Sq Ft Est. Value

Last Sold May 17, 2016

Last sale price $230,000 $88 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $3,677/month

63 Days on Market

Highlights

  • Ocean View
  • No HOA
  • 2 Car Detached Garage
  • Deck
  • Cottage
  • 1-minute walk to Devils Punch Bowl State Natural Area

About This Home

As of May 2016

Ocean View Tri-Plex, with detached 2 car garage. There are 2 two-bedrooms units and a one bedroom. The laundry area brings in extra income as well. There is a nice yard with area for additional units. Could be converted back to a single family home or convert to an office with living space. Can be converted back to 4 bedroom house with studio or office. There are lots of options.

Last Agent to Sell the Property

Sonja Lovas

Martek Real Estate Brokerage Phone: 541-265-8785 License #201104108 Listed on: 02/23/2016

Last Buyer's Agent

Natividad Grajeda-Weber

Coastal Dreams Real Estate LLC License #200403280

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,717

Year Built

  • Built in 1942

Home Design

  • Cottage
  • Composition Roof

Interior Spaces

  • 2,618 Sq Ft Home
  • 3-Story Property
  • Window Treatments
  • Ocean Views
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Car Detached Garage
  • 6 Open Parking Spaces

Utilities

  • Zoned Cooling
  • No Heating
  • Gas Available at Street
  • Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 70 x 150

Community Details

  • No Home Owners Association
  • 3 Units
  • Nye & Thompson Block Subdivision

Listing and Financial Details

  • Tax Lot 400
  • Assessor Parcel Number 111108BA-400-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,717

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Dwelling
  • Prop. Type: Multi-Dwelling
  • Road Frontage Type: None
  • Lot Size: 70 x 150
  • Road Surface Type: Paved
  • Subdivision Name: Nye & Thompson Block
  • Directions: Hwy 101 in Newport to NW 3rd
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Year Built: 1942
  • Attribution Contact: 541-265-8785
  • 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
  • Location Tax and Other Information:Tax Lot: 400
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 5
  • General Property Description:Total Bathrooms: 3.0
  • General Property Description:Levels: Three or More
  • General Property Description:Style: Cottage
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Sewer:City3: Yes
  • Internal Features:Microwave: Yes
  • General Property Description:Lot Dimensions: 70 x 150
  • Location Tax and Other Information:Subdv ParcelLot: 400
  • Internal Features:Water Heater: Electric
  • Flooring:Vinyl2: Yes
  • Alternate Heat:None7: Yes
  • Flooring:Carpet: Yes
  • HeatingCooling:Zone - Elect: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 5
  • Flooring: Carpet, Vinyl
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Cont/Con
  • Patio And Porch Features: Deck
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • General Property Description:Garage Type: Detached
  • General Property Description:Garage Stall: 2
  • External Features:Parking Spaces: 6.0

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: City Street

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108BA-400-00
  • Zoning: C - Commercial

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2716.69
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2016
Closed on
May 13, 2016
Sold by
Amick Robert E
Bought by
Santuario Jesus and Hernandez Felipe Yanez
Seller's Agent
Sonja Lovas
Martek Real Estate
Buyer's Agent
Natividad Grajeda-Weber
Coastal Dreams Real Estate LLC
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Current Estimated Value
$639,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,553
Avg. Annual Appreciation
11.96%
Original Mortgage
$180,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Santuario Jesus $230,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Santuario Jesus $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2016 05/17/16 Sold $230,000 -8.0% $88 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
02/23/2016 02/23/16 For Sale $250,000 -- $95 / 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 $3,585 $198,690 -- --
2023 $3,501 $192,910 $0 $0
2022 $3,393 $187,300 $0 $0
2021 $3,335 $181,850 $0 $0
2020 $3,256 $176,560 $0 $0
2019 $3,116 $171,420 $0 $0
2018 $3,020 $166,430 $0 $0
2017 $2,993 $161,590 $0 $0
2016 $2,930 $156,890 $0 $0
2015 $2,717 $152,330 $0 $0
2014 $2,656 $147,900 $0 $0
2013 -- $143,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sonja Lovas

    Martek Real Estate

    (541) 961-3866

    177 Total Sales

    Sonja Lovas
    Section Image

  • N

    Buyer's Agent in 2016

    Natividad Grajeda-Weber

    Coastal Dreams Real Estate LLC

    (541) 961-5015

    23 Total Sales

    Natividad Grajeda-Weber
    Section Image
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Map

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

MLS Number: 16-538

APN: R118334

Oregon Lincoln County Newport 97365

151 NW 3rd St, Newport, OR

This home is located at 151 NW 3rd St, Newport, OR 97365 since 23 February 2016 and is currently estimated at $639,553, approximately $244 per square foot. This property was built in 1942. 151 NW 3rd St is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

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