NOT LISTED FOR SALE

2997 NE Loop Dr Otis, OR 97368

Neotsu Neighborhood

Estimated Value: $854,000 - $1,184,000

2 Beds
2 Baths
1,140 Sq Ft
$887/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $525,000 $461 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,718/month

1 Day on Market

Highlights

  • Lake Front
  • Ranch Style House
  • No HOA
  • RV Garage
  • Wood Flooring
  • 1-minute walk to Sand Point Park

About This Home

As of December 2017

Lakefront, completely renovated, single level home on an oversized lot! Updates in 2017 include new appliances, new kitchen, flooring, gas furnace and fireplace insert, exterior paint and bathrooms. This 2 bedroom/1.5 home has a rare 170' of lake frontage and a 20' x 36'RV garage with a 11' x 16' door. Quiet residential neighborhood would be a great full time residence or a great getaway! Less than a 10 minute drive to beach access, shopping, dining and all of Lincoln City's attractions!

Last Agent to Sell the Property

Dennis Regen

Taylor & Taylor Realty Company License #810604051 Listed on: 10/14/2017

Co-Listed By

B. Kelly Colkitt

Taylor & Taylor Realty Company

Last Buyer's Agent

Dennis Regen

Taylor & Taylor Realty Company License #810604051 Listed on: 10/14/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,629

Year Built

  • Built in 1968

Lot Details

  • 0.43 Acre Lot
  • Lake Front
  • Irregular Lot
  • Property is zoned R-1 Residential, Single Family

Home Design

  • Ranch Style House
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 1,140 Sq Ft Home
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Utility Room
  • Lake Views
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Car Attached Garage
  • RV Garage

Utilities

  • Forced Air Cooling System
  • Cooling System Powered By Gas
  • Electricity To Lot Line
  • Gas Water Heater
  • Septic System

Additional Features

  • Handicap Accessible
  • Patio

Community Details

  • No Home Owners Association
  • Viewpoint Subdivision

Listing and Financial Details

  • Tax Lot 1, PT 2
  • Assessor Parcel Number R29930

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,629

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.43
  • Lot Size: 18,692 SF
  • Lot Size Sq Ft: 18730.8
  • Road Surface Type: Paved
  • Subdivision Name: Viewpoint
  • Directions: HWY 101 to East Devils Lake Rd to NE Loop Drive. Follow NE Loop Drive towards Sand Point Park, road will become a one way. Property is the first house on the right.
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1968
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: Lake
  • General Property Description:Primary View: Lake
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.43
  • Location Tax and Other Information:Tax Lot: 1700
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 1.5
  • General Property Description:Levels: One
  • General Property Description:Style: Ranch
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:Furnished: No
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Lot Dimensions: 18,692 SF
  • Location Tax and Other Information:Subdv ParcelLot: 1, PT 2
  • General Property Description:Property Sub-Type: Single Family Residence
  • Internal Features:Water Heater: Gas
  • Flooring:Carpet: Yes
  • Flooring:Wood3: Yes
  • Siding:T1-11: Yes
  • Lot Type:Irregular: Yes
  • DeckPatio:Patio: Yes
  • Siding:Wood: Yes
  • Sewerseptic In: Yes
  • Miscellaneous:Handicap Accessible: Yes
  • Miscellaneous Possession: Negotiable
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Wood

Exterior Features

  • Lot Features: Irregular Lot
  • View: Lake
  • Foundation Details: Cont/Con
  • Other Structures: RV Garage
  • Patio And Porch Features: Patio
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 2
  • Miscellaneous:RV Parking: Yes
  • Outbuildings:RV Garage: Yes

Utilities

  • Water Source: City Property
  • HeatingCooling:Electric Forced Air: Yes
  • HeatingCooling:Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: R29930
  • Zoning: R-1 Residential, Single Family

Tax Info

  • Tax Annual Amount: 3628.72
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2017
Closed on
Dec 12, 2017
Sold by
Heringer Weston W and Heringer Nancy J
Bought by
Farrelly Gayle T
Seller's Agent
Dennis Regen
Taylor & Taylor Realty Company
Buyer's Agent
Dennis Regen
Taylor & Taylor Realty Company
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%
Current Estimated Value
$966,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,810
Avg. Annual Appreciation
7.45%
Original Mortgage
$420,000
Outstanding Balance
$245,339
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$665,289

Purchase Details

Closed on
Jul 1, 2012
Sold by
Swaim Matthew S and Swaim Katherine J
Bought by
Heringer Weston W and Heringer Nancy J

Purchase Details

Closed on
Mar 30, 2006
Sold by
Heringer Weston W and Heringer Nancy J
Bought by
Swaim Matthew S and Swaim Katherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.25%
Mortgage Type
Seller Take Back
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
Farrelly Gayle T $525,000 Lawyers Title Co
Heringer Weston W $220,000 None Available
Swaim Matthew S $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrelly Gayle T $420,000
Previous Owner Swaim Matthew S $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $525,000 -4.4% $461 / Sq Ft
10/15/2017 10/15/17 Pending -- -- --
10/14/2017 10/14/17 For Sale $549,000 -- $482 / Sq Ft
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 $5,105 $403,030 -- --
2023 $4,943 $391,300 $0 $0
2022 $4,799 $379,910 $0 $0
2021 $4,452 $362,090 $0 $0
2020 $4,363 $351,550 $0 $0
2019 $4,204 $341,320 $0 $0
2018 $4,120 $331,380 $0 $0
2017 $3,921 $321,730 $0 $0
2016 $3,629 $312,360 $0 $0
2015 $3,558 $303,270 $0 $0
2014 $3,464 $294,440 $0 $0
2013 -- $285,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Regen

    Seller's Agent in 2017

    Dennis Regen

    Taylor & Taylor Realty Company

    (541) 994-4169

    11 in this area

    662 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2017

    B. Kelly Colkitt

    Taylor & Taylor Realty Company

See All Agents

Map

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

MLS Number: 17-2873

APN: R29930

Oregon Lincoln County Otis 97368 Neotsu

2997 NE Loop Dr, Otis, OR

This home is located at 2997 NE Loop Dr, Otis, OR 97368 since 14 October 2017 and is currently estimated at $1,010,952, approximately $886 per square foot. This property was built in 1968. 2997 NE Loop Dr is a home located in Lincoln County with nearby schools including Oceanlake Elementary School, Taft Elementary School, and Taft High School.

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