NOT LISTED FOR SALE

2997 NE Loop Dr Otis, OR 97368

Neotsu Neighborhood

Estimated Value: $754,000 - $1,245,000

2 Beds
2 Baths
1,140 Sq Ft
$882/Sq Ft Est. Value

Last Sold December 15, 2017

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

Est. 91% increase in value since last sale

Current estimated payment $5,999/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 Listed By

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

Home Design

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

Interior Spaces

  • 1,140 Sq Ft Home
  • Gas Fireplace
  • 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
  • Contract Information:_three_rd Party Approval: 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
  • 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
  • ResoLotSizeUnits: Acres

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%
Total Days on Market
1
Current Estimated Value
$1,005,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$480,301
Avg. Annual Appreciation
8.87%
Original Mortgage
$420,000
Outstanding Balance
$254,418
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$730,260

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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Otis, OR

  • 2871 NE East Devils Lake Rd, Otis, OR 97368

    $900,000

    • 3 Beds
    • 2 Baths
    • 1,662 Sq Ft
    • 2871 NE East Devils Lake Rd
    • Otis, OR

    Lakefront living on Devils Lake! Bring your boat and water toys! This secluded property offers direct lake access, a private boat dock, boat house, and panoramic water views. Whether you're out boating, fishing, or enjoying peaceful sunsets from the deck, this is the perfect spot for lakefront relaxation. The home features a spacious layout on 2 levels with 3 bedrooms 2 baths, generous windows

    Dennis Regen Taylor & Taylor Realty Company

    Section Image
  • 3770 NE 12th St, Otis, OR 97368

    $875,000

    • 3 Beds
    • 1 Bath
    • 1,389 Sq Ft
    • 3770 NE 12th St
    • Otis, OR

    A charming lakefront cabin with approximately 90 feet of pristine lake frontage and a private dock—perfect for enjoying the serene waters. This 3-bedroom, 1-bathroom home offers a cozy cabin feel, ideal for a relaxing getaway or a peaceful retreat. The property features a brand new roof installed in the Spring of 2024 and a new septic system installed in 2022, providing peace of mind. The

    Dennis Regen Taylor & Taylor Realty Company

    Section Image
  • 3217 N North Bank Rd, Otis, OR 97368

    $819,999

    • 3 Beds
    • 2 Baths
    • 1,598 Sq Ft
    • 3217 N North Bank Rd
    • Otis, OR

    TO BE BUILT By Adair Homes. Listing shows proposed TETON PLAN w/ list price encompassing costs of land (300K) estimated site development (starting at 95K) & base price of proposed Teton home w/ Craftsman exterior (starting at 384K), average interior design upgrades (around 15K) & a suggested exterior decking/concrete package (approx 25k). The versatile 1,598 sq ft floor plan has 3 bedrooms & 2

    Amy Graham Taylor & Taylor Realty Company

    Section Image
See All Homes in Otis

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) 992-5001

    12 in this area

    673 Total Sales

    Dennis Regen
    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

Homes for Sale in Otis, OR

This home is located at 2997 NE Loop Dr, Otis, OR 97368 since 14 October 2017 and is currently estimated at $1,005,301, approximately $881 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes