NOT LISTED FOR SALE

226 NE 3rd St Unit 1-4 Newport, OR 97365

Estimated Value: $537,000 - $650,000

6 Beds
4 Baths
2,992 Sq Ft
$202/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $440,000 $147 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,577/month

114 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • Carpet
  • No HOA

About This Home

As of August 2020

FULLY RENTED 4-PLEX in Central Newport! Lots of upgrades throughout including electrical, new carpet and paint, updated baths. Great location close to schools, shopping, and Hwy 101. Well managed and maintained. Coin-op laundry in separate room brings in extra income. Locking onsite storage room for owner's tools and supplies. Each unit has 1 off-street parking spot and plenty of on-street parking.

Last Agent to Sell the Property

Heidi Rogers

Ocean Equity Real Estate & Investments, LLC License #201206892 Listed on: 03/14/2020

Co-Listed By

Brodie Becksted

Equity Plus Real Estate License #200302191

Last Buyer's Agent

Out of Area

OUT OF AREA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,936

Year Built

  • Built in 1978

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • Traditional Architecture
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Electric Baseboard Heater
  • Gas Available at Street
  • Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 111108AB-1700-00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $3,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,936

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Dwelling
  • Prop. Type: Multi-Dwelling
  • Road Frontage Type: None
  • Lot Size Acres: 0.11
  • Lot Size: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • Road Surface Type: Paved
  • Directions: HWY 101 in Newport, East on NE 3rd St, to property on right. No sign
  • Architectural Style: Traditional
  • Garage Yn: No
  • Year Built: 1978
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:Lot SqFt: 5000
  • General Property Description:_pound_ of Acres: 0.11
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 1700
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 6
  • General Property Description:Total Bathrooms: 4.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • Sewer:City3: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Furnished: No
  • General Property Description:Lot Dimensions: 50 x 100
  • Location Tax and Other Information:Subdv ParcelLot: 3
  • Internal Features:Water Heater: Electric
  • Flooring:Vinyl2: Yes
  • Alternate Heat:None7: Yes
  • Flooring:Carpet: Yes
  • Siding:T1-11: Yes
  • Gross Income: 3800.0
  • HeatingCooling:Baseboard - Electric: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Water Heater
  • Total Bedrooms: 6
  • Flooring: Carpet, Vinyl

Exterior Features

  • View: None
  • Foundation Details: Cont/Con
  • Other Structures: None
  • Patio And Porch Features: None
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4.0
  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0
  • External Features:Parking Spaces: 4.0

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: City Property

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108AB-1700-00
  • Zoning: R-3 Residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 3800.0

Tax Info

  • Tax Annual Amount: 3936.45
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2020
Closed on
Aug 13, 2020
Sold by
Lepe Andres Roberto
Bought by
Kretschmer Michael W
Seller's Agent
Heidi Rogers
Ocean Equity Real Estate & Investments, LLC
Buyer's Agent
Out of Area
OUT OF AREA
List Price
$465,000
Sold Price
$440,000
Premium/Discount to List
-$25,000
-5.38%
Current Estimated Value
$605,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,717
Avg. Annual Appreciation
7.55%
Original Mortgage
$230,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2019
Sold by
Lepe Andres R
Bought by
Lepe Andres Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2019
Sold by
Healy Lepe Dian F and Lepe Andres R
Bought by
Lepe Andres R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2016
Sold by
Burley Janet M
Bought by
Healy Lepe Dian F and Lepe Andres R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.81%
Mortgage Type
New Conventional
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
Kretschmer Michael W $440,000 Western Title & Escrow
Lepe Andres Roberto -- Ticor Title
Lepe Andres R -- None Available
Healy Lepe Dian F $250,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kretschmer Michael W $230,000
Previous Owner Lepe Andres Roberto $210,000
Previous Owner Healy Lepe Dian F $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $440,000 -5.4% $147 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
03/14/2020 03/14/20 For Sale $465,000 -- $155 / 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 $4,530 $251,020 -- --
2023 $4,423 $243,710 $0 $0
2022 $4,287 $236,620 $0 $0
2021 $4,213 $229,730 $0 $0
2020 $4,113 $223,040 $0 $0
2019 $3,936 $216,550 $0 $0
2018 $3,815 $210,250 $0 $0
2017 $3,782 $204,130 $0 $0
2016 $3,701 $198,190 $0 $0
2015 $3,432 $192,420 $0 $0
2014 $3,329 $185,420 $0 $0
2013 -- $186,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Heidi Rogers

    Ocean Equity Real Estate & Investments, LLC

  • Brodie Becksted

    Seller Co-Listing Agent in 2020

    Brodie Becksted

    Equity Plus Real Estate

    (541) 270-2484

    215 Total Sales

    Brodie Becksted
    Section Image

  • O

    Buyer's Agent in 2020

    Out of Area

    OUT OF AREA

See All Agents

Map

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

MLS Number: 20-575

APN: R47110

Oregon Lincoln County Newport 97365

226 NE 3rd St Unit 1-4, Newport, OR

This home is located at 226 NE 3rd St Unit 1-4, Newport, OR 97365 since 14 March 2020 and is currently estimated at $605,717, approximately $202 per square foot. This property was built in 1978. 226 NE 3rd St Unit 1-4 is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

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