NOT LISTED FOR SALE

226 NE 3rd St Newport, OR 97365

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

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

Last Sold March 08, 2016

Last sale price $250,000 $84 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $3,577/month

105 Days on Market

Highlights

  • No HOA
  • Electric Baseboard Heater
  • Carpet
  • Covered Patio or Porch

About This Home

As of March 2016

Well established four-plex with good rental history. Coin-op laundry gives additional income. Owner pays water/sewer, garbage and electricity for laundry. Washer and dryer have been replaced in the last two years. All the water heaters replaced & roof in the last 5 years. Outside painted in 2013. Unit #2 was completely remodeled (cabinets, floor covering painting etc about 2 years ago). Unit #4 has all new appliances and is being painted. #Unit #3 has an all new bathroom.

Last Agent to Sell the Property

Tammy Gagne

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #870600040 Listed on: 09/05/2015

Last Buyer's Agent

Jack Baldwin

Advantage Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,329

Year Built

  • Built in 1978

Home Design

  • 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
  • Water Heater

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 50 x 100

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Fredericksburg Subdivision

Building Details

  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,329

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: 50 x 100
  • Road Surface Type: Paved
  • Inclusions: 4 ref, 4 range, w/d
  • Subdivision Name: Fredericksburg
  • Directions: Hwy 20 east to Benton. North to 3rd St. Right on 3rd. Yellow building
  • Garage Yn: No
  • Year Built: 1978
  • Attribution Contact: (541) 265-2200
  • 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
  • Location Tax and Other Information:Tax Lot: 1700
  • General Property Description:Total Bedrooms: 6
  • General Property Description:Total Bathrooms: 4.0
  • General Property Description:Levels: Two
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • General Property Description:Lot Dimensions: 50 x 100
  • Location Tax and Other Information:Subdv ParcelLot: 3
  • Internal Features:Water Heater: Electric
  • Flooring:Vinyl2: Yes
  • Flooring:Carpet: Yes
  • Siding:T1-11: Yes
  • DeckPatio:Covered Patio: Yes
  • Gross Income: 26400.0
  • Utilities:Sewer2: City Property
  • Water: City - Property
  • Utilities:Electric3: On Property
  • Utilities:Gas3: At Street
  • HeatingCooling:Baseboard - Electric: Yes
  • Miscellaneous Possession: subject to 30 day
  • External Features:Roof: Composition
  • External Features:Siding: T1-11
  • External Features:Foundation: Cont/Con
  • External Features:DeckPatio: Covered Patio
  • External Features:Street Surface: Paved
  • Special Features: None

Interior Features

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

Exterior Features

  • View: None
  • Foundation Details: Cont/Con
  • Other Structures: 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

Lot Info

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

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 26400.0

Tax Info

  • Tax Annual Amount: 3329.37
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2020
Sold by
Lepe Andres Roberto
Bought by
Kretschmer Michael W
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.
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

Listed on
Sep 5, 2015
Closed on
Mar 1, 2016
Sold by
Burley Janet M
Bought by
Healy Lepe Dian F and Lepe Andres R
Seller's Agent
Tammy Gagne
Advantage Real Estate
Buyer's Agent
Jack Baldwin
Advantage Real Estate
List Price
$315,000
Sold Price
$250,000
Premium/Discount to List
-$65,000
-20.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$187,500
Interest Rate
3.81%
Mortgage Type
New Conventional
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
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
03/08/2016 03/08/16 Sold $250,000 -20.6% $84 / Sq Ft
12/19/2015 12/19/15 Pending -- -- --
09/05/2015 09/05/15 For Sale $315,000 -- $105 / 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

  • Tammy Gagne

    Seller's Agent in 2016

    Tammy Gagne

    Advantage Real Estate

    (541) 265-2200

    108 Total Sales

    Tammy Gagne
    Section Image

  • J

    Buyer's Agent in 2016

    Jack Baldwin

    Advantage Real Estate

See All Agents

Map

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

MLS Number: 15-329

APN: R47110

Oregon Lincoln County Newport 97365

226 NE 3rd St, Newport, OR

This home is located at 226 NE 3rd St, Newport, OR 97365 since 05 September 2015 and is currently estimated at $605,717, approximately $202 per square foot. This property was built in 1978. 226 NE 3rd St 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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