NOT LISTED FOR SALE

2394 SW Coast Ave Lincoln City, OR 97367

Estimated Value: $838,405 - $1,099,000

4 Beds
4 Baths
2,332 Sq Ft
$408/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $518,065 $222 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $5,796/month

Highlights

  • Ocean View
  • Deck
  • Wood Flooring
  • New Construction
  • Traditional Architecture
  • Covered Patio or Porch

About This Home

As of November 2020

For Comparable Purposes Only - Home was designed and priced for the Buyer summer of 2019.

Last Agent to Sell the Property

Suzanne Palanuk

Olivia Beach Sales License #200302168 Listed on: 09/10/2019

Last Buyer's Agent

Suzanne Palanuk

Olivia Beach Sales License #200302168 Listed on: 09/10/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,022

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 4,356 Sq Ft Lot
  • Property is zoned VR Vacation Rental

HOA Fees

  • $123 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 2,332 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

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

Community Details

  • Management Trust Association, Phone Number (503) 670-8111
  • Secondary HOA Phone (503) 670-8111
  • Olivia Beach Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 106
  • Assessor Parcel Number 071122BD-4501

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,022

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$123 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.1
  • Lot Size: 5576
  • Lot Size Sq Ft: 4356.0
  • Road Surface Type: Paved
  • Subdivision Name: Olivia Beach
  • Directions: 5 lots down on the east side from the SW Bard Rd and SW Coast Ave intersection.
  • 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:_pound_ of Acres: 0.1
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 4501
  • General Property Description:Total Bedrooms: 4
  • General Property Description:Total Bathrooms: 3.5
  • General Property Description:Levels: Three or More
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Lot Dimensions: 5576
  • Location Tax and Other Information:Subdv ParcelLot: 106
  • General Property Description:Property Sub-Type: New Construction
  • Internal Features:Water Heater: Gas
  • Foundation:Slab: Yes
  • Flooring:Wood3: Yes
  • DeckPatio:Covered Porch: Yes
  • Siding:Shingle2: Yes
  • Miscellaneous Possession: Closing
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Wood

Exterior Features

  • View: Ocean
  • Foundation Details: Cont/Con, Slab
  • Patio And Porch Features: Deck
  • Roof: Composition

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: 370.0
  • Association Fee Frequency: Quarterly
  • Phone: 503-670-8111
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • CondoAssociation:CondoAssoc Fee (MQY): Quarterly
  • CondoAssociation:Assoc Contact Name: Management Trust
  • CondoAssociation:Assoc Contact Phone: 503-670-8111

Lot Info

  • Parcel #: 071122BD-4501
  • Zoning: VR Vacation Rental

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Oct 2, 2020
Sold by
Olivia Beach Llc
Bought by
Martinson Michael D and Martinson Amberly
Seller's Agent
Suzanne Palanuk
Olivia Beach Sales
Buyer's Agent
Suzanne Palanuk
Olivia Beach Sales
List Price
$485,000
Sold Price
$518,066
Premium/Discount to List
$33,066
6.82%
Current Estimated Value
$950,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,285
Avg. Annual Appreciation
12.69%
Original Mortgage
$466,001
Outstanding Balance
$413,727
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$536,624
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
Martinson Michael D $518,065 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinson Michael D $466,001
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2020 11/03/20 Sold $518,066 +6.8% $222 / Sq Ft
09/10/2019 09/10/19 For Sale $485,000 -- $208 / 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 $8,022 $470,530 -- --
2023 $7,801 $456,830 $0 $0
2022 $7,583 $443,530 $0 $0
2021 $7,224 $430,620 $0 $0
2020 $3,782 $224,050 $0 $0
2019 $1,670 $99,420 $0 $0
2018 $471 $27,850 $0 $0
2017 $451 $27,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Suzanne Palanuk

    Olivia Beach Sales

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Map

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

MLS Number: 19-2376

APN: 07-11-22-BD-04500-00

Oregon Lincoln County Lincoln City 97367

2394 SW Coast Ave, Lincoln City, OR

Not Listed for Sale

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