$1,650,000
SOLD OCT 17, 2024

2088 N Ocean Ave Gearhart, OR 97138

4 Beds
4 Baths
2,835 Sq Ft
2.79 Acres

Recently Sold

$582 Per Sq Ft

27% Below List Price

104 Days on Market

Highlights

  • Ocean Front
  • Traditional Architecture
  • Private Yard
  • Deck
  • High Ceiling
  • Double Oven

About This Home

As of October 2024

Beautiful modern 1950's home is nicely situated in a quiet, gated setting at the end of Ocean Ave in Gearhart Palisades on 2.79 acres of beach grasses and stunning sunsets! The top of a circular driveway brings you to a charming enclosed courtyard where you begin to feel the specialness of this fabulous home and property. Classic touches throughout including built-in bookshelves, 50's style details & trimmings, gas/wood burning fireplace, 4 bdrms, 4 bths, with the primary suite wing as a newer edition. New windows, appliances, heat pump for AC, and water heater for recirculating hot water. This home and property are truly one-of-a-kind in Gearhart. See Features document. Furnishings included.

Last Agent to Sell the Property

Melissa Eddy

Windermere Realty Trust License #200108105 Listed on: 05/24/2024

Windermere Realty Trust

Last Buyer's Agent

Dennis Laird

Windermere Realty Trust License #200303011

Windermere Realty Trust

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,720

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 2.79 Acre Lot
  • Ocean Front
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Garden

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Composition Roof
  • Board and Batten Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,835 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Partial Basement
  • Home Security System

Kitchen

  • Double Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Deck
  • Fire Pit

Schools

  • Pacific Ridge Elementary School
  • Seaside Middle School
  • Seaside High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 55198

Community Details

Overview

  • Gearhart Palisades Association

Amenities

  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,720

Year Built

Built in 1950 | Remodeled

Lot Details

0

HOA Fees

$38 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1950
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, Traditional
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Unit Floor Number: 1
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 4.0
  • Fireplaces: 1
  • Interior Amenities: HighCeilings, Laundry, WasherDryer
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Main
  • Room 5 Description: Laundry
  • Room 5 Level: Main
  • Basement: PartialBasement
  • Appliances: Cooktop, Dishwasher, DoubleOven, FreeStandingRefrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas, WoodBurning
  • Fireplace: Yes
  • Association Contact: Call Agent
  • Main Level Full Bathrooms: 4
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 4.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: Acres1to3
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: BoardBattenSiding
  • Exterior Features: Deck, FirePit, Garden, GasHookup, Sprinkler, Yard
  • Lot Size: 1 to 2.99 Acres
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Waterfront Features: OceanFront
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas,Recirculating
  • Security: SecuritySystem
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: StandardSeptic
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: Commons
  • Senior Community: No
  • Association Fee: 450.0
  • Association Fee Frequency: Annually
  • Association Name: Gearhart Palisades
  • Phone: 111-111-1111
  • Association: Yes
  • Association Email: unkown

Association/Amenities

  • AssociationAddress: Gearhart Palisades
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Pacific Ridge
  • High School: Seaside
  • Middle Or Junior School: Seaside

Lot Info

  • Farm: No
  • Zoning: R-1
  • Land Lease: No
  • Lot Size Acres: 2.79
  • Lot Size Sq Ft: 121532.0
  • Parcel #: 55198

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 13720.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Oct 8, 2024
Sold by
Oregon Qualified Personal Residence Trus and Mersereau Susan
Bought by
Michael Horton Revocable Trust and Pamela K Hroza Revocable Trust
Seller's Agent
Melissa Eddy
Windermere Realty Trust
Buyer's Agent
Dennis Laird
Windermere Realty Trust
List Price
$2,250,000
Sold Price
$1,650,000
Premium/Discount to List
-$600,000
-26.67%
Total Days on Market
104
Views
72
Current Estimated Value
$1,600,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,490
Avg. Annual Appreciation
0.78%

Purchase Details

Closed on
Oct 9, 2012
Sold by
Mersereau Susan
Bought by
Mersereau Susan and Oregon Qualified Personal Residence Trus

Purchase Details

Closed on
Nov 5, 2007
Sold by
Mersereau White Philip C and Mersereau White Susan
Bought by
White Philip C and Mersereau Susan

Purchase Details

Closed on
Jan 30, 2006
Sold by
Novack Kenneth M and Novack Deborah S
Bought by
White Philip C and White Susan Mersereau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving
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 Type Sale Price Title Company
Warranty Deed $1,650,000 Ticor Title
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Special Warranty Deed $1,197,485 Ticor Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $207,000 Credit Line Revolving
Previous Owner $750,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2024 10/17/24 Sold $1,650,000 -8.1% $582 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
07/28/2024 07/28/24 Price Changed $1,795,000 +900.0% $633 / Sq Ft
07/28/2024 07/28/24 Price Changed $179,500 -91.0% $63 / Sq Ft
07/10/2024 07/10/24 Price Changed $1,995,000 -11.3% $704 / Sq Ft
05/24/2024 05/24/24 For Sale $2,250,000 -- $794 / 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 $14,159 $1,110,630 -- --
2023 $13,720 $1,078,283 $0 $0
2022 $13,367 $1,046,878 $0 $0
2021 $12,343 $1,016,388 $0 $0
2020 $10,293 $853,284 $0 $0
2019 $10,811 $920,893 $0 $0
2018 $10,169 $855,875 $0 $0
2017 $9,639 $818,165 $0 $0
2016 $11,151 $986,785 $718,317 $268,468
2015 $10,880 $958,045 $697,396 $260,649
2014 $10,559 $930,142 $0 $0
2013 -- $903,052 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24019649

Regional Multiple Listing Service (RMLS)

APN: 55198