NOT LISTED FOR SALE

305 SW 9th St Newport, OR 97365

Estimated Value: $362,000 - $443,000

3 Beds
2 Baths
2,072 Sq Ft
$196/Sq Ft Est. Value

Last Sold December 19, 2022

Last sale price $326,000 $157 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,358/month

29 Days on Market

Highlights

  • Traditional Architecture
  • Bonus Room
  • Fireplace
  • Wood Flooring
  • No HOA
  • 4-minute walk to Lost Creek State Park

About This Home

As of December 2022

Welcome to the confluence of location and opportunity. This commercially zoned property is currently being used as a residential rental. Located on a corner lot across the street from the Newport Farmers Market, sandwiched between Bier One & La Maison Cafe. Opportunities like this one are rare. Price reflects that the property needs a little TLC but the potential is endless. Unfinished basement with BONUS room that could easily be converted to a 4th bedroom with separate entrance. Ample parking on property and on the street. Zoning allows for many uses so bring your imagination and start your next chapter on the Oregon Coast!

Last Agent to Sell the Property

Ashley Kennedy

Coldwell Banker Professional Group - Newport License #201234803 Listed on: 11/04/2022

Coldwell Banker Professional Group - Newport

Co-Listed By

Kyle Kennedy

Coldwell Banker Professional Group - Newport License #201248528

Last Buyer's Agent

Fallback agent

Fall Back Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,416

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Property is zoned C-1 Commercial

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,072 Sq Ft Home
  • Fireplace
  • Living Room
  • Dining Room
  • Bonus Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating Available
  • Natural Gas Not Available
  • Water Heater

Community Details

  • No Home Owners Association
  • Bayley And Case's Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111108BD-14100-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,416

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.6
  • Road Surface Type: Paved
  • Co List Office Mls Id: CPX
  • Subdivision Name: Bayley and Case's
  • Directions: On the SW corner of Lee & 9th St
  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Unit Levels: Two
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Basement YN: Yes
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Wood

Exterior Features

  • Waterfront: No
  • Construction Type: Concrete
  • Foundation Details: Concrete Perimeter
  • Roof: Composition

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Not Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108BD-14100-00
  • Zoning: C-1 Commercial

Tax Info

  • Tax Annual Amount: 2416.29
  • Tax Lot: 14100
  • Tax Map Number: 111108BD
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 16, 2022
Sold by
Loyal Brooks Trust
Bought by
Weber John F
Seller's Agent
Ashley Kennedy
Coldwell Banker Professional Group - Newport
Buyer's Agent
Fallback agent
Fall Back Office
List Price
$359,900
Sold Price
$326,000
Premium/Discount to List
-$33,900
-9.42%
Current Estimated Value
$406,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,376
Avg. Annual Appreciation
7.62%

Purchase Details

Closed on
Jan 24, 2014
Sold by
Brooks Loyal
Bought by
Brooks Loyal and Loyal Brooks Trust

Purchase Details

Closed on
Jan 10, 2005
Sold by
Brooks Loretta M
Bought by
Brooks Loyal
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
Weber John F $326,000 Western Title
Brooks Loyal -- None Available
Brooks Loyal -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2022 12/19/22 Sold $326,000 -9.4% $157 / Sq Ft
12/03/2022 12/03/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $359,900 -- $174 / 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 $2,653 $148,290 -- --
2024 $2,598 $143,980 -- --
2023 $2,537 $139,790 $0 $0
2022 $2,459 $135,720 $0 $0
2021 $2,416 $131,770 $0 $0
2020 $2,359 $127,940 $0 $0
2019 $2,258 $124,220 $0 $0
2018 $2,189 $120,610 $0 $0
2017 $2,169 $117,100 $0 $0
2016 $2,123 $113,690 $0 $0
2015 $1,969 $110,380 $0 $0
2014 $1,924 $107,170 $0 $0
2013 -- $104,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-97635

Oregon Coast Multiple Listing Service

APN: R170872