NOT LISTED FOR SALE

1623 SE Oar Dr Lincoln City, OR 97367

Estimated Value: $441,579 - $552,000

3 Beds
2 Baths
1,126 Sq Ft
$422/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $189,000 $168 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $2,739/month

8 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Living Room
  • Traditional Architecture
  • 1 Car Detached Garage
  • Electric Baseboard Heater

About This Home

As of November 2018

You'll enjoy nice ocean views from this hill top setting in NE Lincoln City near all the downtown delights and not far from the beach either. This home fell on hard times and now needs work to guide it back to former glory but it would be worth the efforts to have the ocean views and great location that this site affords.
This property is now under auction terms. All offers should be submitted through www.Auction.com. This property is subject to a 5% buyer's premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction assets will be sold subject to seller approval.

Last Agent to Sell the Property

Char Brown

At the Beach Real Estate License #910500041 Listed on: 09/24/2018

Last Buyer's Agent

Out of Area

OUT OF AREA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,065

Year Built

  • Built in 1935

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Property is zoned R-M Residential, Multifamily

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Lap Siding
  • Concrete Siding

Interior Spaces

  • 1,126 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Electric Baseboard Heater
  • Electricity To Lot Line
  • Gas Available at Street

Community Details

  • No Home Owners Association
  • Raymond Townsite Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 4, N 1/2
  • Assessor Parcel Number 071110DA-7201-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,065

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.11
  • Lot Size: 50 X 100
  • Lot Size Sq Ft: 4791.6
  • Road Surface Type: Paved
  • Subdivision Name: Raymond Townsite
  • Directions: Hwy 101 to NE 14th, east to Oar, north to address.
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Year Built: 1935
  • Contract Information:BankLender Owned: Yes
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.11
  • Location Tax and Other Information:Tax Lot: 7201
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 1.5
  • General Property Description:Levels: Two
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • General Property Description:Lot Dimensions: 50 X 100
  • Location Tax and Other Information:Subdv ParcelLot: 4, N 1/2
  • General Property Description:Property Sub-Type: Single Family Residence
  • Siding:Lap: Yes
  • Sewer:City Property2: Yes
  • Siding:Concrete Composite: Yes
  • Miscellaneous Possession: Closing
  • Special Features: None

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • View: Ocean
  • Foundation Details: Cont/Con
  • Roof: Composition

Garage/Parking

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

Utilities

  • Water Source: City Property
  • HeatingCooling:Electric Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 071110DA-7201-00
  • Zoning: R-M Residential, Multifamily

Tax Info

  • Tax Annual Amount: 2064.71
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2020
Sold by
Holland Alfred James and Holland Elizabeth Marie
Bought by
Tice Darlene
Current Estimated Value
$475,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$239,257
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$236,138

Purchase Details

Listed on
Sep 24, 2018
Closed on
Nov 20, 2018
Sold by
The Bank Of New York Mellon
Bought by
Holland Alfred James and Holland Elizabeth Marie
Seller's Agent
Char Brown
At the Beach Real Estate
Buyer's Agent
Out of Area
OUT OF AREA
List Price
$199,900
Sold Price
$189,000
Premium/Discount to List
-$10,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.02%

Purchase Details

Listed on
Sep 24, 2018
Closed on
Oct 19, 2018
Sold by
Esate Of Betty A Bell
Bought by
The Bank Of New York Mellon and The Bank Of New York
Seller's Agent
Char Brown
At the Beach Real Estate
Buyer's Agent
Out of Area
OUT OF AREA
List Price
$199,900
Sold Price
$189,000
Premium/Discount to List
-$10,900
-5.45%

Purchase Details

Closed on
Feb 22, 2018
Sold by
Lypowy Daniel T
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Mar 25, 2005
Sold by
Vandeventer Victor
Bought by
Bell Betty A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tice Darlene $320,000 Western Title & Escrow
Holland Alfred James $189,000 Ticor Title
The Bank Of New York Mellon -- None Available
The Bank Of New York Mellon $167,200 None Available
Bell Betty A $138,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tice Darlene $270,000
Previous Owner Bell Betty A $110,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2018 11/21/18 Sold $189,000 -5.5% $168 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
09/24/2018 09/24/18 For Sale $199,900 -- $178 / 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 $2,834 $166,210 -- --
2023 $2,755 $161,370 $0 $0
2022 $2,679 $156,670 $0 $0
2021 $2,552 $152,110 $0 $0
2020 $2,493 $147,680 $0 $0
2019 $2,207 $131,400 $0 $0
2018 $2,157 $127,580 $0 $0
2017 $2,065 $123,870 $0 $0
2016 $1,937 $120,270 $0 $0
2015 $1,893 $116,770 $0 $0
2014 $1,845 $113,370 $0 $0
2013 -- $110,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Char Brown

    At the Beach Real Estate

  • O

    Buyer's Agent in 2018

    Out of Area

    OUT OF AREA

See All Agents

Map

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

MLS Number: 18-2525

APN: R171837

Oregon Lincoln County Lincoln City 97367

1623 SE Oar Dr, Lincoln City, OR

Not Listed for Sale

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