NOT LISTED FOR SALE

2327 SW Driftwood Ln Lincoln City, OR 97367

Estimated Value: $897,000 - $1,061,000

3 Beds
5 Baths
2,070 Sq Ft
$468/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $785,000 $379 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,872/month

26 Days on Market

Highlights

  • Ocean View
  • Vaulted Ceiling
  • Furnished
  • Deck
  • Traditional Architecture
  • Covered Patio or Porch

About This Home

As of September 2021

A rare opportunity to acquire this highly desirable Olivia Beach home! Olivia Beach offers an excellent potential for vacation rentals, family getaways, and your own personal retreat. You will find yourself chilling out on the deck while taking in the magnificent ocean view. There are dedicated stairs to beach access and miles of sandy beaches. This home features 3 bedrooms, 3 full-baths, and 2 one-half baths. The kitchen offers stainless steel appliances that will delight the chef. This home is centrally located a multitude of restaurants, cafes, and leisure options are near-at-hand. This home has started operating as a vacation rental since January 1st 2021. Projected income is to be $45,000-50,000. Put this on your 'must see' list!

Last Agent to Sell the Property

Dennis Regen

Taylor & Taylor Realty Company License #810604051 Listed on: 05/13/2021

Co-Listed By

Korey Hazard

Taylor & Taylor Realty Company License #201219450

Last Buyer's Agent

Rita Kartalyan

EXP Realty License #201220289

EXP Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,647

Year Built

  • Built in 2020

Lot Details

  • 3,485 Sq Ft Lot
  • Property is zoned VR Vacation Rental

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Concrete Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,070 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Vaulted Ceiling
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Utility Room
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Zoned Cooling
  • Heating Available
  • Electricity To Lot Line
  • Gas Water Heater

Community Details

  • Association fees include insurance
  • Joel Mcdonnell Association, Phone Number (503) 445-1211
  • Secondary HOA Phone (503) 445-1211
  • Olivia Beach Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 5100
  • Assessor Parcel Number 071122BD-5100-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,647

Year Built

Built in 2020

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.8
  • Road Surface Type: Paved
  • Subdivision Name: Olivia Beach
  • Directions: From hwy 101 turn west on SW 29th st. Turn north on SW Coast ave. Turn east on SW Bard Rd. Turn south on SW Driftwood.
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Year Built: 2020
  • 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:Lot SqFt: 3,498
  • General Property Description:_pound_ of Acres: 0.08
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 5100
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 5.0
  • General Property Description:Levels: Three or More
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Gas
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Property Sub-Type: Single Family Residence
  • Internal Features:Water Heater: Gas
  • Flooring:Vinyl2: Yes
  • Ceiling:Vaulted: Yes
  • Flooring:Carpet: Yes
  • DeckPatio:Covered Patio: Yes
  • DeckPatio:Deck and Patio: Yes
  • Siding:Concrete Composite: Yes
  • DeckPatio:Covered Porch: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Vaulted Ceiling(s)
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 1

Utilities

  • Heating: Electric Wall/Zone
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Electric WallZone: Yes

Condo/Co-op/Association

  • Association Fee: 450.0
  • Association Fee Frequency: Quarterly
  • Phone: 503-445-1211
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Insurance - General: Yes
  • Association Fee Inclusions:Maintenance - Common Area: Yes
  • Association Fee Inclusions:Property Tax - Common Area: Yes
  • Association Fee Inclusions:Utilities - Common Area: Yes
  • Association Fee Inclusions:Reserves: Yes
  • CondoAssociation:CondoAssoc Fee (MQY): Quarterly
  • CondoAssociation:Assoc Contact Name: Joel McDonnell
  • CondoAssociation:Assoc Contact Phone: (503) 445-1211
  • Association Fee Inclusions:Operating Expenses: Yes

Fee Information

  • Association Fee Includes: Insurance

Lot Info

  • Parcel #: 071122BD-5100-00
  • Zoning: VR Vacation Rental

Tax Info

  • Tax Annual Amount: 3646.83
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Sep 4, 2021
Sold by
Dougherty Michael Brian and Dougherty Christine Lynn
Bought by
Dotson Jodi L and Dotson Casey C
Seller's Agent
Dennis Regen
Taylor & Taylor Realty Company
Buyer's Agent
Rita Kartalyan
EXP Realty
List Price
$775,000
Sold Price
$785,000
Premium/Discount to List
$10,000
1.29%
Current Estimated Value
$969,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,374
Avg. Annual Appreciation
5.13%
Original Mortgage
$548,250
Outstanding Balance
$498,867
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$470,507

Purchase Details

Listed on
Sep 10, 2019
Closed on
Sep 7, 2020
Sold by
Olivia Beach Llc
Bought by
Daugherty Michael Brian and Daugherty Christine Lynn
Seller's Agent
Suzanne Palanuk
Olivia Beach Sales
Buyer's Agent
Suzanne Palanuk
Olivia Beach Sales
List Price
$499,000
Sold Price
$506,208
Premium/Discount to List
$7,208
1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.40%
Original Mortgage
$404,966
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2019
Sold by
Olivia Beach Construction Company Llc
Bought by
Olivia Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$949,656
Interest Rate
3.6%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dotson Jodi L $785,000 Lawyers Title
Daugherty Michael Brian $506,208 Ticor Title Company
Olivia Beach Llc -- Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dotson Jodi L $548,250
Previous Owner Daugherty Michael Brian $404,966
Previous Owner Olivia Beach Llc $949,656
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2021 09/14/21 Sold $785,000 +1.3% $379 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $775,000 +53.1% $374 / Sq Ft
09/11/2020 09/11/20 Sold $506,208 +1.4% $248 / Sq Ft View Prior Sale
09/10/2019 09/10/19 For Sale $499,000 -- $245 / Sq Ft
09/09/2019 09/09/19 Pending -- -- --
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 $7,419 $435,150 -- --
2023 $7,214 $422,480 $0 $0
2022 $7,013 $410,180 $0 $0
2021 $6,681 $398,240 $0 $0
2020 $3,647 $216,030 $0 $0
2019 $1,597 $95,080 $0 $0
2018 $420 $24,820 $0 $0
2017 $402 $24,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Regen

    Seller's Agent in 2021

    Dennis Regen

    Taylor & Taylor Realty Company

    (541) 994-4169

    617 Total Sales

    Dennis Regen
    Section Image
  • Korey Hazard

    Seller Co-Listing Agent in 2021

    Korey Hazard

    Taylor & Taylor Realty Company

    (541) 961-7519

    304 Total Sales

    Korey Hazard
    Section Image

  • R

    Buyer's Agent in 2021

    Rita Kartalyan

    EXP Realty

    Section Image

  • S

    Seller's Agent in 2020

    Suzanne Palanuk

    Olivia Beach Sales

    Section Image
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Map

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

MLS Number: 21-1042

APN: 07-11-22-BD-05100-00

Oregon Lincoln County Lincoln City 97367

2327 SW Driftwood Ln, Lincoln City, OR

Not Listed for Sale

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