NOT LISTED FOR SALE

1961 NE 56th Dr Lincoln City, OR 97367

Estimated Value: $874,000 - $1,078,000

4 Beds
4 Baths
2,350 Sq Ft
$403/Sq Ft Est. Value

Last Sold June 06, 2017

Last sale price $580,000 $247 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,879/month

23 Days on Market

Highlights

  • Ocean View
  • Cape Cod Architecture
  • Vaulted Ceiling
  • RV Access or Parking
  • Deck
  • Wood Flooring

About This Home

As of June 2017

Artisan craftsmanship and an outstanding location make ''Seadrift'' the ultimate in coastal living! This new cottage style, ocean view home, built by the same team that developed the adjacent upscale beach community of Bellhaven, features an open floor plan with gas fireplace in great room, ground-floor oversized master suite, and a beach inspired kitchen. The big, vaulted family room, and lovely guest rooms, as well as an awesome carriage house, feature a contemporary beach color palette. Fantastic wrap around covered porch with hot tub perfect for entertaining. This easily maintained beach house is being offered fully and beautifully furnished. Pristine & private setting with beach path adjacent to home, yet only moments away from shopping and entertainment.

Last Agent to Sell the Property

John Iwamura

JKI Realty Brokerage Email: john@loveoceanfront.com License #200504515 Listed on: 03/29/2017

Last Buyer's Agent

John Iwamura

JKI Realty Brokerage Email: john@loveoceanfront.com License #200504515 Listed on: 03/29/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,365

Year Built

  • Built in 2005

Lot Details

  • 0.25 Acre Lot
  • Property is zoned R-1-A Residential

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Cedar Siding
  • Shake Siding

Interior Spaces

  • 2,350 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Utility Room
  • Wood Flooring
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 1 Car Detached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Forced Air Cooling System
  • Electricity To Lot Line
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Griffin Park Subdivision

Listing and Financial Details

  • Tax Lot 10 & 11, Ptns of
  • Assessor Parcel Number 061134DA-8700-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,365

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.25
  • Lot Size: Irregular
  • Lot Size Sq Ft: 10890.0
  • Road Surface Type: Paved
  • Subdivision Name: Griffin Park
  • Directions: NW Logan Rd. to NE 56th Dr. turn right and follow to address on left.
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Year Built: 2005
  • Attribution Contact: john@loveoceanfront.com
  • 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
  • General Property Description:_pound_ of Acres: 0.25
  • Location Tax and Other Information:Tax Lot: 8700
  • General Property Description:Total Bedrooms: 4
  • General Property Description:Total Bathrooms: 3.5
  • General Property Description:Levels: Two
  • General Property Description:Style: Cape Cod
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Gas:On Property3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Lot Dimensions: Irregular
  • Location Tax and Other Information:Subdv ParcelLot: 10 & 11, Ptns of
  • General Property Description:Property Sub-Type: Single Family Residence
  • Siding:ShakeShingle: Yes
  • Internal Features:Water Heater: Gas
  • Ceiling:Vaulted: Yes
  • Siding:Cedar: Yes
  • Flooring:Wood3: Yes
  • Sewer:City Property2: Yes
  • DeckPatio:Covered Porch: Yes
  • Miscellaneous Possession: Negotiable
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Vaulted Ceiling(s)
  • 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

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • General Property Description:Garage Type: Detached
  • General Property Description:Garage Stall: 1
  • Miscellaneous:RV Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 061134DA-8700-00
  • Zoning: R-1-A Residential

Tax Info

  • Tax Annual Amount: 6365.3
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2017
Closed on
Jun 5, 2017
Sold by
Hoover Robert C and Hoover Candace P
Bought by
Bell Peter B
Seller's Agent
John Iwamura
JKI Realty
Buyer's Agent
John Iwamura
JKI Realty
List Price
$600,000
Sold Price
$580,000
Premium/Discount to List
-$20,000
-3.33%
Current Estimated Value
$934,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,782
Avg. Annual Appreciation
6.20%
Original Mortgage
$400,000
Outstanding Balance
$336,238
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$611,653

Purchase Details

Closed on
Apr 5, 2005
Sold by
Jook Development Llc
Bought by
Hough Frank R

Purchase Details

Closed on
Jul 31, 2003
Sold by
Green Brian D
Bought by
Jook Development Llc
Source: Public Records

Range of Values:

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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
Bell Peter B $580,000 Western Title & Escrow
Hough Frank R $215,000 First American Title Ins Co
Jook Development Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Peter B $400,000
Previous Owner Hoover Ii Robert C $374,000
Previous Owner Hoover Ii Robert C $400,000
Previous Owner Jook Development Llc $267,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2017 06/06/17 Sold $580,000 -3.3% $247 / Sq Ft
04/21/2017 04/21/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $600,000 -- $255 / 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 $8,605 $508,570 -- --
2023 $8,368 $493,760 $0 $0
2022 $8,135 $479,380 $0 $0
2021 $7,748 $465,420 $0 $0
2020 $7,570 $451,870 $0 $0
2019 $7,312 $438,710 $0 $0
2018 $7,148 $425,940 $0 $0
2017 $6,757 $413,540 $0 $0
2016 $6,365 $401,500 $0 $0
2015 $6,225 $389,810 $0 $0
2014 $4,720 $311,300 $0 $0
2013 -- $344,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    John Iwamura

    JKI Realty

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Map

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

MLS Number: 17-809

APN: R163435

Oregon Lincoln County Lincoln City 97367

1961 NE 56th Dr, Lincoln City, OR

This home is located at 1961 NE 56th Dr, Lincoln City, OR 97367 since 29 March 2017 and is currently estimated at $946,883, approximately $402 per square foot. This property was built in 2005. 1961 NE 56th 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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