NOT LISTED FOR SALE

2045 Netarts Bay Rd Tillamook, OR 97141

Estimated Value: $424,000 - $627,000

4 Beds
3 Baths
3,087 Sq Ft
$163/Sq Ft Est. Value

Last Sold March 24, 2025

Last sale price $435,000 $141 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,039/month

206 Days on Market

Highlights

  • Bay View
  • Wood Burning Stove
  • Den
  • Deck
  • 1 Fireplace
  • Double Pane Windows

About This Home

As of March 2025

INVESTMENT OPPORTUNITY AT THE BEACH! Spectacular, up-close views of the bay and Cape Lookout. Just one block to sandy beach. Currently operated as a multi family property (duplex) and consists of a 3BD/2BA home and an attached 1BD/1BA apartment w/ separate entrance and deck. Flexible zoning allows for a variety of uses. Essentially bayfront as nobody can build between you and the water. 35' height limit. Property has been held in one family for decades. Opportunities like this don't come along everyday. A savvy investment all the way around!!

Last Agent to Sell the Property

Dustin Trost

Rob Trost Real Estate, LLC License #200602344 Listed on: 07/14/2024

Last Buyer's Agent

Dustin Trost

Rob Trost Real Estate, LLC License #200602344 Listed on: 07/14/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,663

Year Built

  • Built in 1977

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Rolled or Hot Mop Roof
  • HardiePlank Siding
  • T111 Siding

Interior Spaces

  • 3,087 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Wood Burning Stove
  • Double Pane Windows
  • Vinyl Clad Windows
  • Den
  • Storage
  • Bay Views

Kitchen

  • Oven or Range
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • Attached Carport
  • 2 Car Parking Spaces

Outdoor Features

  • Deck
  • Open Patio

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,663

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Heating System: Baseboard, Electric
  • Unit Levels: 2 Story
  • Listing Member Name: Dusty Trost
  • Listing Office Short Id: rob
  • Minorarea: Netarts
  • Open House Office I D: 20061213211815170645000000
  • Prop. Type: Multi-Family
  • Selling Member Short Id: dus
  • Selling Office Short Id: rob
  • Street Sfx: Road
  • Year Built: 1977
  • Multi Family Info: Unit 1/Carpets, Unit 1/Fireplace, Unit 1/Range/Oven, Unit 1/Refrigerator, Unit 1/Util Hook Ups, Unit 2/Carpets, Unit 2/Range/Oven, Unit 2/Refrigerator
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range, Refrigerator
  • Fireplace: Wood Burning Stove
  • Floor Coverings: Carpet, Vinyl
  • Interior Amenities: Room-Den, Storage, Windows-Double, Windows-Single, Windows-Vinyl
  • Total Bathrooms: 3.00
  • Basement Type: Duplex
  • FireplaceTotalFireplaces: 1

Exterior Features

  • Exterior Construction: Block, Frame
  • Exterior: 'Hardi-Plank', T111 Type
  • Exterior Features: Deck/Wd Open, Patio/Open
  • Foundation: Slab
  • Number of Acres: 0.13
  • Roof: Rolled/Hot Mop
  • Street Road: County Road, Paved
  • Topography: Level
  • Total Sq Ft: 3087.00
  • View: Bay View

Garage/Parking

  • Garage Type: Attached Carport

Utilities

  • Sewer: Sewer Connected
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Heater-Elec
  • Hot Water: Public

Condo/Co-op/Association

  • Property Description: View
  • Units in Building: 2

Fee Information

  • Taxes: 4663.38

Lot Info

  • Zoning: NT-R3

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Bedrooms: 4
  • Parking Per Unit: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2024
Closed on
Mar 13, 2025
Sold by
Cham Michael A and Cham Denise
Bought by
Mendoza Ian G
Seller's Agent
Dustin Trost
Rob Trost Real Estate, LLC
Buyer's Agent
Dustin Trost
Rob Trost Real Estate, LLC
List Price
$499,000
Sold Price
$435,000
Premium/Discount to List
-$64,000
-12.83%
Views
108
Current Estimated Value
$502,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,511
Avg. Annual Appreciation
27.70%
Original Mortgage
$413,250
Outstanding Balance
$411,143
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$91,368

Purchase Details

Closed on
Sep 28, 2012
Sold by
Cham Michael A
Bought by
Cham Michael A and Cham Denise
Source: Public Records

Range of Values:

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Average Value
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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
Mendoza Ian G $435,000 First American Title
Cham Michael A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Ian G $413,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2025 03/24/25 Sold $435,000 -6.5% $141 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
01/30/2025 01/30/25 Price Changed $465,000 -6.8% $151 / Sq Ft
12/09/2024 12/09/24 For Sale $499,000 0.0% $162 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
10/15/2024 10/15/24 Price Changed $499,000 -9.3% $162 / Sq Ft
08/04/2024 08/04/24 Price Changed $550,000 -6.0% $178 / Sq Ft
07/14/2024 07/14/24 For Sale $585,000 -- $190 / Sq Ft
Source: Tillamook Board of REALTORS®

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 $4,681 $370,530 $206,910 $163,620
2023 $4,663 $359,740 $200,890 $158,850
2022 $4,533 $349,270 $195,040 $154,230
2021 $4,430 $339,100 $189,350 $149,750
2020 $4,328 $329,230 $183,830 $145,400
2019 $4,245 $319,650 $178,470 $141,180
2018 $4,114 $310,340 $173,270 $137,070
2017 $3,925 $301,200 $138,530 $162,670
2016 $3,809 $293,040 $135,900 $157,140
2015 $3,655 $277,010 $137,130 $139,880
2014 $3,566 $265,490 $140,590 $124,900
2013 -- $269,340 $143,160 $126,180
Source: Public Records

Agents Affiliated with this Home

  • Dustin Trost

    Seller's Agent in 2025

    Dustin Trost

    Rob Trost Real Estate, LLC

    (503) 801-2326

    257 Total Sales

    Dustin Trost
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Map

Source: Tillamook Board of REALTORS®

MLS Number: 24-429

Tillamook Board of REALTORS®

APN: R0180459

Oregon Tillamook County Tillamook 97141

2045 Netarts Bay Rd, Tillamook, OR

Not Listed for Sale

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