NOT LISTED FOR SALE

151 NW 3rd St Newport, OR 97365

Estimated Value: $557,000 - $795,000

5 Beds
3 Baths
2,618 Sq Ft
$253/Sq Ft Est. Value

Last Sold May 17, 2016

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

Est. 188% increase in value since last sale

Current estimated payment $3,989/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

Lot Details

  • 10,454

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
  • Contract Information:_three_rd Party Approval: 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
  • 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

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
$662,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,315
Avg. Annual Appreciation
10.70%
Original Mortgage
$180,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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

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Map

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

MLS Number: 16-538

APN: R118334