NOT LISTED FOR SALE

293 S Ocean Ave Gearhart, OR 97138

Estimated Value: $2,020,000 - $2,978,417

4 Beds
6 Baths
4,500 Sq Ft
$548/Sq Ft Est. Value

Last Sold July 22, 2019

Last sale price $1,100,000 $244 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $14,564/month

720 Days on Market

Highlights

  • Ocean View
  • Two Primary Bedrooms
  • Bluff on Lot
  • Newly Remodeled
  • Built-In Refrigerator
  • Cape Cod Architecture

About This Home

As of July 2019

NEW CONSTRUCTION on Gin Ridge! Wonderful location allows you to enjoy the ocean view & sunsets or breakfast with a magnificent mountain view on the east side decks. Beautifully crafted 4 bedroom/6 bathroom home designed by Jay Raskin & built by Rich Elstrom make this a stunning beach retreat. Quality custom features include an elevator, jetted tub, hardwood floors, tile & granite, built-in vacuum & much more. Truly a work of art!

Last Agent to Sell the Property

Craig Weston

Windermere Realty Trust License #810202023 Listed on: 07/24/2017

Windermere Realty Trust

Co-Listed By

Dana Weston

Windermere Realty Trust License #801204187

Last Buyer's Agent

Craig Weston

Windermere Realty Trust License #810202023 Listed on: 07/24/2017

Windermere Realty Trust

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,817

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 10,018 Sq Ft Lot
  • Bluff on Lot
  • Landscaped with Trees

Parking

  • 2 Car Attached Garage
  • Tandem Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Mountain

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Shingle Siding
  • Cedar

Interior Spaces

  • 4,500 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Central Vacuum
  • Vaulted Ceiling
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Utility Room
  • Washer and Dryer
  • Engineered Wood Flooring
  • Security System Owned

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Accessible Home Design

  • Accessible Hallway
  • Accessibility Features

Outdoor Features

  • Deck
  • Porch

Schools

  • Gearhart Elementary School
  • Broadway Middle School
  • Seaside High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 9180

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,817

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 3
  • Year Built: 2017
  • Property Condition: NewConstruction
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Capecod
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 12 Features: Fireplace
  • Room 13 Features: Bathroom,Deck
  • Room 9 Features: Deck
  • Special Features: None

Interior Features

  • Accessibility Features: AccessibleHallway, WalkinShower
  • Total Bathrooms: 4.2
  • Fireplaces: 1
  • Interior Amenities: CentralVacuum, Elevator, EngineeredHardwood, GarageDoorOpener, Granite, JettedTub, SoakingTub, VaultedCeiling, WasherDryer
  • Room 4 Description: _2ndMasterBedroom
  • Room 4 Features: Bathroom,Deck
  • Room 4 Level: Upper
  • Room 5 Description: Den
  • Room 5 Features: Bookcases,BuiltinFeatures,Deck
  • Room 5 Level: Main
  • Room 6 Description: UtilityRoom
  • Room 6 Level: Main
  • Basement: None
  • Appliances: BuiltinOven, BuiltinRefrigerator, Cooktop, Dishwasher, GasAppliances, Granite, Microwave, StainlessSteelAppliance, Tile, WineCooler
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 2
  • BathroomsFullUpperLevel: 1
  • BathroomsPartialMainLevel: 1
  • BathroomsPartialUpperLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 2.1
  • BathroomsTotalUpperLevel: 1.1
  • Lot Size Range: SqFt10000to14999
  • Additional Room 10 Level: Lower
  • Room 11 Level: Upper
  • Room 12 Level: Upper
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Upper

Exterior Features

  • Exterior Description: Cedar,ShingleSiding
  • Exterior Features: Deck, Porch
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Yes
  • Lot Features: Bluff, OceanBeachOneQuarterMileOrLess, Trees
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition
  • View: Mountain,Ocean

Garage/Parking

  • Garage Type: Attached,Tandem
  • Parking Description: Driveway
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Security: SecuritySystemOwned
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: R-1
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.0
  • Parcel #: 9180

Green Features

  • Green Certification: No

Tax Info

  • Tax Annual Amount: 4817.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2017
Closed on
Jul 19, 2019
Sold by
293 South Ocean Llc
Bought by
Mjf Investment Properties Llc
Seller's Agent
Craig Weston
Windermere Realty Trust
Buyer's Agent
Craig Weston
Windermere Realty Trust
List Price
$2,300,000
Sold Price
$1,100,000
Premium/Discount to List
-$1,200,000
-52.17%
Current Estimated Value
$2,465,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,365,806
Avg. Annual Appreciation
14.74%

Purchase Details

Closed on
Dec 22, 2016
Sold by
Braestrup John C and Braestrup Justin R
Bought by
293 South Ocean Llc

Purchase Details

Closed on
Mar 12, 2007
Sold by
Staver Clyde Bailey and Staver Colleen Hazel
Bought by
Braestrup John C and Braestrup Justin R
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
Mjf Investment Properties Llc $1,100,000 Ticor Title Ins Co
293 South Ocean Llc -- None Available
Braestrup John C $1,000,000 Ticor Title Ins Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2019 07/22/19 Sold $1,100,000 -52.2% $244 / Sq Ft
07/11/2019 07/11/19 Pending -- -- --
07/21/2017 07/21/17 For Sale $2,300,000 -- $511 / 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 $13,547 $1,184,460 -- --
2023 $13,167 $1,149,962 $0 $0
2022 $12,773 $1,116,469 $0 $0
2021 $13,038 $1,083,952 $0 $0
2020 $12,577 $1,052,381 $0 $0
2019 $12,253 $1,021,730 $0 $0
2018 $11,810 $991,972 $0 $0
2017 $5,576 $467,129 $0 $0
2016 $4,817 $453,524 $453,524 $0
2015 $4,659 $440,315 $440,315 $0
2014 $4,428 $427,491 $0 $0
2013 -- $415,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17313656

Regional Multiple Listing Service (RMLS)

APN: 9180