Seller's Agent in 2022
Audra Powell
Advantage Real Estate
(541) 270-3909
7 in this area
120 Total Sales
29 SW Coast St Newport, OR 97365
Nye Beach NeighborhoodEstimated Value: $791,000 - $1,928,000
12
Beds
6
Baths
4,911
Sq Ft
$295/Sq Ft
Est. Value
Highlights
- Ocean View
- Deck
- Victorian Architecture
- 0.22 Acre Lot
- Vaulted Ceiling
- 1-minute walk to Coast Park
About This Home
As of April 2022Three: 4 bedroom, 2 bath, Oceanview, furnished Victorian style homes with Grandfathered vacation rental approval. Exquisite craftsman details include high ceilings, custom trim and shingle work, and artistic touches throughout. Each home has a private fenced yard with a hot tub, deck and BBQ. Open concept main living upstairs with fireplaces and great view of the ocean, Nye Beach and to the lighthouse. Sought after location in the heart of Nye Beach directly across from Newport Preforming Arts Center and just blocks to beach access Buyer can apply for a new vacation rental license and have an excellent opportunity to obtain a revenue generating homes that have been well managed and meticulously maintained. Perfect 1031 exchange or investment property, or live in one, rent the other two. The three Victorian style homes all have distinct character, similar but with slight variations. Created in the tradition of the turn-of-the-century community that was Newport's Historic Nye Beach. The Homes were modeled after the Queen Anne period of Victorian architecture and the owner drew inspiration from the Historic San Francisco row houses.
(See floor plans in the photos for Layout)
They were built in the following order:
Wakefield 1997
1590 Sq. Ft 4 bedroom, 2 Bath
Applegate 1999
1610 Sq. Ft 4 bedroom, 2 Bath
Bennington 2002
1711 Sq. Ft-4 bedroom, 2 Bath
The Wakefield is the northernmost home and looks to the Yaquina Head lighthouse. The offset two-story box bay window and juxtaposed conventional bay window give the visitor many comfortable nooks to while away the hours in relative privacy while watching the horizon.
Applegate is in the middle and is painted with warm colors, The large two story bay window is the visual anchor of the west facade. With crown moldings both inside and out and ornate shingle exterior, the entire west face makes for an impressive streetscape. Features a gas fireplace in the living room and nice ocean views.
Bennington is the southernmost home and it has a gas fireplace is is also a bit larger so it's best for larger groups. From the raised panel bay windows to the pillars that rise on either side of each opening; that are capped with extensive crown and dentil detail. One can immediately sense that this will be no ordinary vacation rental.
Each home comes turn key and furnished with Kitchen Appliances, Stackable Washer/Dryer, and Hot Tubs. Each Home sleeps 9.
There is an easement across the lot to the south(Also Available for Sale for $299,000) This easement allows access to the East side of the homes for parking. There is three designated Spots onsite and an additional three on the street, Coast Street is wide in this location and there is plenty of on street parking and the location can't be beat with easy beach access just one block away. All of what we love about of Nye Beach, Preforming arts center, visual arts, galleries, shopping and dining at your fingertips.
Buyers will need to apply for a new Grandfathered Vacation Rental License with the city of Newport. The homes have a common and shared water and sewer line. The Additional lot next door to the south could be purchased along with this property, providing for the owner to live nearby on the adjacent lot, It provides many options.
Last Agent to Sell the Property
Advantage Real Estate Brokerage Phone: (541) 265-2200 License #200404265 Listed on: 08/20/2021
Last Buyer's Agent
Taj Richardson
Vacasa Real Estate LLC License #200709164
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,471
Year Built
- Built in 1999
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 112 x 83.33
- Property is zoned R-4 Residential
Home Design
- Victorian Architecture
- Composition Roof
- Shingle Siding
- Cedar Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,911 Sq Ft Home
- 2-Story Property
- Furnished
- Vaulted Ceiling
- Self Contained Fireplace Unit Or Insert
- Window Treatments
- Ocean Views
Kitchen
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Outdoor Features
- Deck
Utilities
- Forced Air Cooling System
- Electricity To Lot Line
- Water Heater
Community Details
- No Home Owners Association
- Barlow Blocks Subdivision
Listing and Financial Details
- Tax Lot 22200
- Assessor Parcel Number R225209
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Ferber Norman | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/27/2022 04/27/22 | Sold | $1,800,000 | -14.3% | $367 / Sq Ft |
| 11/21/2021 11/21/21 | Pending | -- | -- | -- |
| 08/20/2021 08/20/21 | For Sale | $2,100,000 | -- | $428 / Sq Ft |
Source: Lincoln County Board of REALTORS® MLS (OR)
Tax History Compared to Growth
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 | $15,938 | $883,290 | -- | -- |
| 2023 | $15,563 | $857,570 | $0 | $0 |
| 2022 | $15,084 | $832,600 | $0 | $0 |
| 2021 | $14,823 | $808,350 | $0 | $0 |
| 2020 | $14,471 | $784,810 | $0 | $0 |
| 2019 | $13,851 | $761,960 | $0 | $0 |
| 2018 | $13,425 | $739,770 | $0 | $0 |
| 2017 | $13,305 | $718,230 | $0 | $0 |
| 2016 | $13,024 | $697,320 | $0 | $0 |
| 2015 | $12,074 | $677,010 | $0 | $0 |
| 2014 | $11,802 | $657,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Audra Powell
-
T
Buyer's Agent in 2022
Taj Richardson
Vacasa Real Estate LLC
Map
Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 21-2057
APN: R225209
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