NOT LISTED FOR SALE

261 NE 1st St Toledo, OR 97391

Estimated Value: $354,000 - $427,000

4 Beds
3 Baths
2,425 Sq Ft
$162/Sq Ft Est. Value

Last Sold August 12, 2024

Last sale price $387,900 $160 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,279/month

287 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • 1 Car Garage
  • Traditional Architecture
  • Living Room
  • Carpet

About This Home

As of August 2024

Commercial/residential opportunity!!! Historical Craftsman in process of remodel-1920 house in town but nestled among mature landscaping. Zoned Commercial. Many possibilities!! Run your business, or short term rental (which is allowed in Toledo-but do your due diligence) or set up your residence. Roomy sq footage, open floor plan. Many updates: electrical, plumbing, flooring and appliances, tub, some fixtures! Walk to restaurants on main street. House near super market, library, and pool. Price was lowered by 100K. Being sold as is. Possibility of basement conversion to rental unit. According to ARV that was completed by a lender finished value of home is approx $485K

Last Agent to Sell the Property

Theresa Neimann

Emerald Coast Realty - Toledo License #201237599 Listed on: 08/05/2023

Last Buyer's Agent

Theresa Neimann

Emerald Coast Realty - Toledo License #201237599 Listed on: 08/05/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 1920

Lot Details

  • 9,583 Sq Ft Lot
  • Property is zoned C - Commercial

Parking

  • 1 Car Garage
  • RV Access or Parking

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,425 Sq Ft Home
  • Living Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating Available
  • Water Heater

Community Details

  • No Home Owners Association
  • Toledo 4Th Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111017BB-12200-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,300

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583.2
  • Road Surface Type: Paved
  • Subdivision Name: Toledo 4th Addition
  • Directions: Take west Toledo exit. Stay on business HWY 20 (1st St) toward JC Market. House on right before Toledo Chamber building and before JC Mkt.
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Washer, Water Heater
  • Basement YN: Yes
  • Total Bedrooms: 4
  • Flooring: Carpet, Vinyl

Exterior Features

  • Lot Features: Irregular Lot
  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached Garage, RV Access/Parking

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111017BB-12200-00
  • Zoning: C - Commercial

Tax Info

  • Tax Annual Amount: 2300.41
  • Tax Lot: 12200
  • Tax Map Number: 111017BB
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2023
Closed on
Aug 12, 2024
Sold by
Gmg Solutions Llc
Bought by
Skeels Raymond A and King Jackie Lee
Seller's Agent
Theresa Neimann
Emerald Coast Realty - Toledo
Buyer's Agent
Theresa Neimann
Emerald Coast Realty - Toledo
List Price
$475,000
Sold Price
$387,900
Premium/Discount to List
-$87,100
-18.34%
Views
347
Current Estimated Value
$393,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,900
Avg. Annual Appreciation
1.12%
Original Mortgage
$372,036
Outstanding Balance
$367,141
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$26,659

Purchase Details

Closed on
Sep 6, 2021
Sold by
Cashen Christian
Bought by
Gmg Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 2021
Sold by
Cashen Christian
Bought by
Gmg Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2017
Sold by
Davis Jennifer L
Bought by
Coshen Chris
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
Skeels Raymond A $378,900 None Listed On Document
Gmg Solutions Llc $135,000 Frontier Title & Escrow
Gmg Solutions Llc $165,000 Wfg Title
Gmc Solutions Llc $165,000 Wfg Title
Coshen Chris $11,388 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skeels Raymond A $372,036
Previous Owner Gmc Solutions Llc $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2024 08/12/24 Sold $387,900 +4.9% $160 / Sq Ft
04/16/2024 04/16/24 Price Changed $369,900 +5.7% $153 / Sq Ft
02/22/2024 02/22/24 Price Changed $350,000 -22.2% $144 / Sq Ft
02/02/2024 02/02/24 Price Changed $450,000 -5.3% $186 / Sq Ft
08/05/2023 08/05/23 For Sale $475,000 -- $196 / 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 $2,511 $158,450 -- --
2024 $2,392 $153,840 -- --
2023 $2,372 $149,360 $0 $0
2022 $2,300 $145,010 $0 $0
2021 $2,243 $140,790 $0 $0
2020 $2,195 $136,690 $0 $0
2019 $2,113 $132,710 $0 $0
2018 $2,071 $128,850 $0 $0
2017 $2,008 $125,100 $0 $0
2016 $1,859 $121,460 $0 $0
2015 $1,816 $117,930 $0 $0
2014 $1,319 $87,980 $0 $0
2013 -- $114,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Theresa Neimann

    Emerald Coast Realty - Toledo

See All Agents

Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-99397

Oregon Coast Multiple Listing Service

APN: R422677

Oregon Lincoln County Toledo 97391

261 NE 1st St, Toledo, OR

Not Listed for Sale

Detached

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