NOT LISTED FOR SALE

2421 S Edgewood St Seaside, OR 97138

Estimated Value: $565,000 - $1,015,049

-- Bed
6 Baths
3,000 Sq Ft
$264/Sq Ft Est. Value

Last Sold April 27, 2020

Last sale price $625,000 $208 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,839/month

81 Days on Market

Highlights

  • Golf Course Community
  • Attached Garage
  • High Speed Internet
  • Golf Course View
  • Zoned Heating
  • 5-minute walk to Seltzer Park

About This Home

As of April 2020

DUPLEX - Rare opportunity for investors on golf course frontage just a half block from the beach. Each side is 3 bedroom/ 2.5 baths with 2-car garage & private backyard. Currently Unit #2421 is a long-term rental & Unit #2423 is a nightly rental. Utilities separately metered & common wall constructed to code to allow division into 2 Townhomes. Great location to enjoy one unit as you vacation home & rent the other unit. One full year of rental history with excellent potential to grow the income!

Last Agent to Sell the Property

Dana Weston

Windermere Realty Trust License #801204187 Listed on: 12/20/2019

Windermere Realty Trust

Co-Listed By

Craig Weston

Windermere Realty Trust License #810202023

Last Buyer's Agent

Patti Shmilenko

Premiere Property Group, LLC License #990100012

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,441

Year Built

  • Built in 2018

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Golf Course Views

Schools

  • Seaside Hts Elementary School
  • Broadway Middle School
  • Seaside High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 54944

Community Details

Overview

  • 2 Units

Recreation

  • Golf Course Community

Building Details

  • Operating Expense $24,567
  • Gross Income $58,492
  • Net Operating Income $33,924

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,441

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2018
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding,ManMade
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: GolfCourse, Level, OceanBeachOneQuarterMileOrLess
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • View: GolfCourse

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,Wireless
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Seaside Hts
  • High School: Seaside
  • Middle Or Junior School: Broadway

Lot Info

  • Zoning: R2
  • Parcel #: 54944

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 6440.61

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.11
  • Annual Gross Income: 58492.0
  • Property Net Operating Income: 33924.0
  • Annual Operating Expense: 24567.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2020
Sold by
Newman David C
Bought by
Newton David C and Newton Family Trust
Current Estimated Value
$793,262

Purchase Details

Listed on
Dec 20, 2019
Closed on
Apr 15, 2020
Sold by
Harding Jon T and Harding Erin J
Bought by
Newton David C
Seller's Agent
Dana Weston
Windermere Realty Trust
Buyer's Agent
Patti Shmilenko
Premiere Property Group, LLC
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$231,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2017
Sold by
Wolfgram Vickie
Bought by
Harding Jon T and Harding Erin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,152
Interest Rate
4.02%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 7, 2016
Sold by
Wolfgram Vickie
Bought by
Wolfgram Vickie and Estate Of Fred Roy Fulmer Jr
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
Newton David C -- None Available
Newton David C $625,000 Ticor Title Company Of Or
Harding Jon T $160,000 Ticor Title Company Of Or
Wolfgram Vickie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newton David C $231,000
Previous Owner Harding Jon T $347,152
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2020 04/27/20 Sold $625,000 -3.8% $208 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
12/19/2019 12/19/19 For Sale $650,000 -- $217 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $7,338 $510,784 -- --
2023 $7,121 $495,907 $0 $0
2022 $6,927 $481,464 $0 $0
2021 $6,780 $467,442 $0 $0
2020 $6,621 $453,828 $0 $0
2019 $6,441 $440,611 $0 $0
2018 $1,332 $92,094 $0 $0
2017 $1,271 $89,412 $0 $0
2016 $1,118 $86,808 $86,808 $0
2015 $1,358 $105,158 $105,158 $0
2014 $5,417 $408,383 $0 $0
2013 -- $127,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Weston

    Seller's Agent in 2020

    Dana Weston

    Windermere Realty Trust

    (503) 738-2839

    57 Total Sales

    Dana Weston
    Section Image
  • Craig Weston

    Seller Co-Listing Agent in 2020

    Craig Weston

    Windermere Realty Trust

    (503) 738-2838

    67 Total Sales

    Craig Weston
    Section Image
  • Patti Shmilenko

    Buyer's Agent in 2020

    Patti Shmilenko

    Premiere Property Group, LLC

    (503) 702-9807

    54 Total Sales

    Patti Shmilenko
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19628618

Regional Multiple Listing Service (RMLS)

APN: 54944

Oregon Clatsop County Seaside 97138

2421 S Edgewood St, Seaside, OR

This home is located at 2421 S Edgewood St, Seaside, OR 97138 since 20 December 2019 and is currently estimated at $793,262, approximately $264 per square foot. This property was built in 2018. 2421 S Edgewood St is a home located in Clatsop County with nearby schools including Seaside High School.

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