NOT LISTED FOR SALE

1590 Cape Meares Loop Tillamook, OR 97141

Estimated Value: $654,000 - $890,000

5 Beds
3 Baths
1,748 Sq Ft
$444/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $639,000 $366 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,562/month

Highlights

  • Deck
  • Views
  • Parking Storage or Cabinetry
  • Attached Garage
  • Landscaped with Trees
  • Outdoor Storage

About This Home

As of March 2021

Savvy investment opportunity at the beach! Lovingly restored triplex located on a large double lot nestled in old growth trees in the village of Oceanside. Adjacent lot also included in sale. Just a short stroll to beach, restaurants & downtown. Upper units each feature an open floor plan w/ 2BD/1BA, propane fireplace, laundry & large exterior deck w/ peeks of the ocean. Cozy ground level studio w/ full bath. Attached two-car garage. Excellent investment opportunity with great rental history.

Last Agent to Sell the Property

Macy Thompson

Rob Trost Real Estate LLC License #201218775 Listed on: 12/14/2020

Co-Listed By

Dustin Trost

Rob Trost Real Estate LLC License #200602344

Last Buyer's Agent

Odat Elsey

Terri Sunday Realty, LLC License #200111085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,607

Year Built

  • Built in 1980

Lot Details

  • Level Lot
  • Landscaped with Trees

Home Design

  • Board and Batten Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Window Treatments
  • Range
  • Washer and Dryer Hookup
  • Property Views

Parking

  • Attached Garage
  • Parking Storage or Cabinetry

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

  • Heating System Uses Propane

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,607

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1748
  • Stories: 3
  • Year Built: 1980
  • Remarks Public: Savvy investment opportunity at the beach! Lovingly restored triplex located on a large double lot nestled in old growth trees in the village of Oceanside. Adjacent lot also included in sale. Just a short stroll to beach, restaurants & downtown. Upper units each feature an open floor plan w/ 2BD/1BA, propane fireplace, laundry & large exterior deck w/ peeks of the ocean. Cozy ground level studio w/ full bath. Attached two-car garage. Excellent investment opportunity with great rental history.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARK ADDITION TO OCEANSIDE LOT 1, 2, 3 BLOCK 1
  • Storage: Deck, Garage(s)

Exterior Features

  • Exterior Description: Board & Batten Siding, Cement Siding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Roof Type: Composition
  • View: Ocean
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Road Surface: Gravel

Garage/Parking

  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Propane
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Condo/Co-op/Association

  • Unit Features: Deck, Range, Refrigerator, Washer/Dryer Hookup, Window Coverings

Schools

  • Middle School: Tillamook

Lot Info

  • Lot Description: Level, Trees, Gentle Sloping
  • Zoning: ROS

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 5190.83
  • Assessor Parcel Number: 191866
  • Assessor Parcel Number 2: 191839
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 18.06

MLS Schools

  • Middle School: Tillamook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2024
Sold by
Matthew & Mitzy King Trust and King Matthew
Bought by
Blue Mountain Ranchlands Llc
Current Estimated Value
$775,483

Purchase Details

Closed on
Oct 29, 2021
Sold by
Jenkins Leslie D
Bought by
King Matthew H

Purchase Details

Closed on
Sep 21, 2021
Sold by
King Matthew H
Bought by
King Mitzy and King Matthew

Purchase Details

Listed on
Dec 14, 2020
Closed on
Mar 11, 2021
Sold by
Jenkins Leslie D
Bought by
King Matthew H
Seller's Agent
Macy Thompson
Rob Trost Real Estate LLC
Buyer's Agent
Odat Elsey
Terri Sunday Realty, LLC
List Price
$191,839
Sold Price
$639,000
Premium/Discount to List
$447,161
233.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%
Original Mortgage
$479,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 14, 2020
Closed on
Jan 25, 2021
Sold by
Jenkins Leslie D
Bought by
King Matthew H
Seller's Agent
Macy Thompson
Rob Trost Real Estate LLC
Buyer's Agent
Odat Elsey
Terri Sunday Realty, LLC
List Price
$191,839
Sold Price
$639,000
Premium/Discount to List
$447,161
233.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2005
Sold by
Leidholdt Jacqueline R
Bought by
Jenkins Leslie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,220
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac
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
Blue Mountain Ranchlands Llc $810,000 Ticor Title
King Matthew H $639,000 First American Title
King Mitzy -- None Available
King Matthew H $639,000 First American
King Matthew H $639,000 First American Title
Jenkins Leslie D $282,775 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Matthew H $479,250
Previous Owner King Matthew H $479,250
Previous Owner Jenkins Leslie D $100,000
Previous Owner Jenkins Leslie D $226,220
Previous Owner Jenkins Leslie $28,278
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $639,000 +233.1% $366 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
12/14/2020 12/14/20 For Sale $191,839 -- $110 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $5,607 $443,190 $214,410 $228,780
2023 $5,585 $430,290 $208,160 $222,130
2022 $5,429 $417,760 $202,090 $215,670
2021 $5,306 $405,600 $196,200 $209,400
2020 $5,191 $393,790 $190,480 $203,310
2019 $5,084 $382,330 $184,940 $197,390
2018 $4,985 $371,200 $179,550 $191,650
2017 $4,889 $360,390 $174,320 $186,070
2016 $4,736 $349,900 $169,240 $180,660
2015 $4,664 $339,710 $164,310 $175,400
2014 $4,606 $329,820 $159,520 $170,300
2013 -- $320,220 $154,870 $165,350
Source: Public Records

Agents Affiliated with this Home

  • Macy Thompson

    Seller's Agent in 2021

    Macy Thompson

    Rob Trost Real Estate LLC

    (503) 812-7669

    101 Total Sales

    Macy Thompson
    Section Image
  • Dustin Trost

    Seller Co-Listing Agent in 2021

    Dustin Trost

    Rob Trost Real Estate LLC

    (503) 801-2326

    258 Total Sales

    Dustin Trost
    Section Image

  • O

    Buyer's Agent in 2021

    Odat Elsey

    Terri Sunday Realty, LLC

    (503) 319-4962

    42 Total Sales

    Odat Elsey
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20010078

Regional Multiple Listing Service (RMLS)

APN: R0191866

Oregon Tillamook County Tillamook 97141

1590 Cape Meares Loop, Tillamook, OR

This home is located at 1590 Cape Meares Loop, Tillamook, OR 97141 since 14 December 2020 and is currently estimated at $775,483, approximately $443 per square foot. This property was built in 1980. 1590 Cape Meares Loop is a home located in Tillamook County with nearby schools including Tillamook High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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