NOT LISTED FOR SALE

238 NE 3rd St Newport, OR 97365

Estimated Value: $564,000 - $658,000

6 Beds
4 Baths
2,992 Sq Ft
$204/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $445,000 $149 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,648/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Carpet
  • Heating Available
  • No HOA

About This Home

As of July 2020

GREAT INVESTMENT OPPORTUNITY. THIS 4 PLEX IS CENTRALLY LOCATED BY SCHOOLS, SHOPPING AND THE BEACH. SELLER HAS PUT IN NEW FLOORS APPLIANCES AND RECENTLY PAINTED THE OUTSIDE OF THE BUILDING. GROSS RENTS ARE $44,000.00 A YEAR. THE 4 PLEX ALSO HAS ITS ON COIN OP LAUNDRY ROOM IN THE BUILDING. SELLER IS RELATED TO LISTING BROKER.

Last Agent to Sell the Property

Julie Carroll

Ocean Equity Real Estate & Investments, LLC License #200411078 Listed on: 06/07/2020

Ocean Equity Real Estate & Investments, LLC

Last Buyer's Agent

Shelli Neal

Realty One Group At The Beach, Newport License #201220482

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,458

Year Built

  • Built in 1978

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • 2,992 Sq Ft Home
  • Traditional Architecture
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating Available
  • Natural Gas Not Available
  • Water Heater

Community Details

  • No Home Owners Association
  • 4 Units
  • Fredericksburg Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111108AB-1701-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,458

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Lot Size: 50x100
  • Lot Size Sq Ft: 6534.0
  • Road Surface Type: Paved
  • Subdivision Name: Fredericksburg
  • Directions: Benton steeet to west on ne 3rd street. Close by the High School
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer, Water Heater
  • Basement YN: No
  • Total Bedrooms: 6
  • Flooring: Carpet, Other, Vinyl

Exterior Features

  • Waterfront: No
  • Construction Type: Lap Siding
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Not Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108AB-1701-00
  • Zoning: R-3 Residential

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4458.49
  • Tax Lot: 1701
  • Tax Map Number: 111108
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2020
Closed on
Jul 16, 2020
Sold by
Carroll George Thomas
Bought by
Neely Mark S and Neely Sheri L
Seller's Agent
Julie Carroll
Ocean Equity Real Estate & Investments, LLC
Buyer's Agent
Shelli Neal
Realty One Group At The Beach, Newport
List Price
$449,000
Sold Price
$445,000
Premium/Discount to List
-$4,000
-0.89%
Current Estimated Value
$611,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,000
Avg. Annual Appreciation
6.02%
Original Mortgage
$311,500
Outstanding Balance
$274,363
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$336,637

Purchase Details

Listed on
Jun 7, 2020
Closed on
Jun 30, 2020
Sold by
Hanwet Pari Chart and Chart Carroll Pari
Bought by
Carroll George Thomas
Seller's Agent
Julie Carroll
Ocean Equity Real Estate & Investments, LLC
Buyer's Agent
Shelli Neal
Realty One Group At The Beach, Newport
List Price
$449,000
Sold Price
$445,000
Premium/Discount to List
-$4,000
-0.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Outstanding Balance
$274,363
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$336,637

Purchase Details

Closed on
Apr 9, 2015
Sold by
Miller Frank J
Bought by
Carroll George Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,050
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2009
Sold by
Miller Frank J
Bought by
Miller Frank J and Frank J Miller Trust

Purchase Details

Closed on
Aug 13, 2008
Sold by
Miller Frank J
Bought by
Miller Frank J

Purchase Details

Closed on
May 7, 2007
Sold by
Wagener Scott E and Wagener Maria G
Bought by
Miller Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2005
Sold by
Lynch Jon
Bought by
Wagener Scott E and Wagener Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.6%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Neely Mark S $445,000 Western Title & Escrow
Carroll George Thomas -- Western Title & Escrow
Carroll George Thomas $244,500 Western Title & Escrow
Miller Frank J -- None Available
Miller Frank J -- None Available
Miller Frank J -- None Available
Miller Frank J $335,000 Western Title & Escrow Co
Wagener Scott E $250,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neely Mark S $311,500
Previous Owner Carroll George Thomas $220,050
Previous Owner Miller Frank J $234,500
Previous Owner Wagener Scott E $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2020 07/17/20 Sold $445,000 -0.9% $149 / Sq Ft
06/10/2020 06/10/20 Pending -- -- --
06/07/2020 06/07/20 For Sale $449,000 -- $150 / Sq Ft
Source: Oregon Coast Multiple Listing Service

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
2025 $5,239 $292,820 -- --
2024 $5,130 $284,300 -- --
2023 $5,009 $276,020 $0 $0
2022 $4,855 $267,990 $0 $0
2021 $4,771 $260,190 $0 $0
2020 $4,658 $252,620 $0 $0
2019 $4,458 $245,270 $0 $0
2018 $4,321 $238,130 $0 $0
2017 $4,283 $231,200 $0 $0
2016 $4,192 $224,470 $0 $0
2015 $3,887 $217,940 $0 $0
2014 $3,447 $191,990 $0 $0
2013 -- $211,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Julie Carroll

    Ocean Equity Real Estate & Investments, LLC

    Section Image

  • S

    Buyer's Agent in 2020

    Shelli Neal

    Realty One Group At The Beach, Newport

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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-90938

Oregon Coast Multiple Listing Service

APN: R49537

Oregon Lincoln County Newport 97365

238 NE 3rd St, Newport, OR

Not Listed for Sale

MultiFamily

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