NOT LISTED FOR SALE

3313 NW Inlet Ave Unit 4 Lincoln City, OR 97367

Wecoma Beach Neighborhood

Estimated Value: $493,958

1 Bed
1 Bath
642 Sq Ft
$330/mo HOA Fee

Last Sold January 05, 2022

Last sale price $425,000 $662 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,264/month

25 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • Tile Flooring
  • Deck
  • Living Room
  • 3-minute walk to Wecoma Park

About This Home

As of January 2022

Beachfront Garden Inn known as Sunset Memories. This one bedroom oceanfront condo is located on the 2nd floor with wide-open views of the ocean. French doors open up to the balcony deck to over look the sandy beaches of the breathtaking Central Oregon Coast. Being sold fully furnished. Located in the R/C zoning, there is just an occupational tax permit required, so there is no waiting period or VRD permit required for this property. Great Investment opportunity with plenty of repeat clientele each year! Gross income 2020 $32,727.00 and 2021 YTD $42,647.00

Last Agent to Sell the Property

Dennis Regen

Taylor & Taylor Realty Company License #810604051 Listed on: 11/09/2021

Co-Listed By

Jill Hurd

Taylor & Taylor Realty Company License #201223677

Last Buyer's Agent

Jill Hurd

Taylor & Taylor Realty Company License #201223677

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,757

Year Built

  • Built in 1965

HOA Fees

  • $330 Monthly HOA Fees

Home Design

  • Composition Roof
  • T111 Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 642 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Ocean Views
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Electric Baseboard Heater
  • Electricity To Lot Line
  • Water Heater

Additional Features

  • Deck
  • Ocean Front

Listing and Financial Details

  • Tax Lot 50004
  • Assessor Parcel Number 071103DC-50004-00

Community Details

Overview

  • Beachfront Garden In Association, Phone Number (541) 364-2000
  • Secondary HOA Phone (541) 364-2000
  • Beachfront Garden Inn Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,757

Year Built

Built in 1965

Lot Details

0

HOA Fees

$330 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominiums
  • Road Frontage Type: Oceanfront
  • Road Surface Type: Paved
  • Subdivision Name: Beachfront Garden Inn Condo
  • Directions: Highway 101 to NW 30th St, corner of NW 33rd and Inlet.
  • Architectural Style: Condo
  • Garage Yn: No
  • Year Built: 1965
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: Ocean
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 50004
  • General Property Description:Total Bedrooms: 1
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: One
  • General Property Description:Style: Condo
  • Miscellaneous:Pet Friendly: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • Internal Features:Water Heater: Electric
  • Flooring:Carpet: Yes
  • Siding:T1-11: Yes
  • Flooring:Tile2: Yes
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Water Heater
  • Total Bedrooms: 1
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0

Utilities

  • Utilities: Natural Gas Available
  • Water Source: City
  • HeatingCooling:Electric Baseboard: Yes

Condo/Co-op/Association

  • Association Fee: 330.0
  • Association Fee Frequency: Monthly
  • Phone: 541-364-2000
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • CondoAssociation:CondoAssoc Fee (MQY): Monthly
  • CondoAssociation:Assoc Contact Name: Beachfront Garden In
  • CondoAssociation:Assoc Contact Phone: 541-364-2000

Lot Info

  • Parcel #: 071103DC-50004-00
  • Zoning: RC - Recreational Commercial

Tax Info

  • Tax Annual Amount: 3756.64
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Jan 3, 2022
Sold by
Corson Kenneth F and Corson Casey
Bought by
Frank Debra K and Frank Howard William
Seller's Agent
Dennis Regen
Taylor & Taylor Realty Company
Buyer's Agent
Jill Hurd
Taylor & Taylor Realty Company
List Price
$479,000
Sold Price
$425,000
Premium/Discount to List
-$54,000
-11.27%
Current Estimated Value
$493,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,958
Avg. Annual Appreciation
4.03%
Original Mortgage
$125,000
Outstanding Balance
$98,364
Interest Rate
2.34%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$395,594

Purchase Details

Closed on
Aug 23, 2021
Sold by
Tomeo Joseph E and Joseph E Tomeo Living Trust
Bought by
Corson Kenneth F and Corson Casey

Purchase Details

Closed on
Mar 24, 2005
Sold by
Tomeo Joseph E
Bought by
Tomeo Joseph E and The Joseph E Tomeo Living Trust
Source: Public Records

Range of Values:

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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
Frank Debra K $425,000 Western Title
Corson Kenneth F $195,500 Western Title & Escrow
Tomeo Joseph E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frank Debra K $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2022 01/05/22 Sold $425,000 -11.3% $662 / Sq Ft
12/04/2021 12/04/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $479,000 -- $746 / 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 $4,171 $244,680 -- $244,680
2023 $4,057 $237,560 $0 $0
2022 $3,944 $230,650 $0 $0
2021 $3,757 $223,940 $0 $0
2020 $3,670 $217,420 $0 $0
2019 $3,545 $211,090 $0 $0
2018 $3,466 $204,950 $0 $0
2017 $3,297 $198,990 $0 $0
2016 $3,067 $193,200 $0 $0
2015 $3,086 $193,200 $0 $0
2014 $3,098 $193,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Regen

    Seller's Agent in 2022

    Dennis Regen

    Taylor & Taylor Realty Company

    (541) 994-4169

    11 in this area

    631 Total Sales

    Dennis Regen
    Section Image
  • Jill Hurd

    Seller Co-Listing Agent in 2022

    Jill Hurd

    Taylor & Taylor Realty Company

    (541) 992-1672

    9 in this area

    371 Total Sales

    Jill Hurd
    Section Image
  • Korey Hazard

    Buyer Co-Listing Agent in 2022

    Korey Hazard

    Taylor & Taylor Realty Company

    (541) 961-7519

    4 in this area

    310 Total Sales

    Korey Hazard
    Section Image
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Map

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

MLS Number: 21-2145

APN: R515100

Oregon Lincoln County Lincoln City 97367 Wecoma Beach

3313 NW Inlet Ave Unit 4, Lincoln City, OR

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