NOT LISTED FOR SALE

3313 NW Inlet Ave Unit 5 Lincoln City, OR 97367

Wecoma Beach Neighborhood

Estimated Value: $840,842

3 Beds
2 Baths
1,579 Sq Ft
$615/mo HOA Fee

Last Sold September 03, 2021

Last sale price $695,000 $440 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,591/month

7 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • 1-Story Property
  • Traditional Architecture
  • Patio
  • 3-minute walk to Wecoma Park

About This Home

As of September 2021

Known as the ''The Captain's Quarter's''. This oceanfront condo is the perfect retreat at the central Oregon Coast. Featuring 3 bedrooms, 2 baths, full kitchen, gas rocked fireplace, large great room, and a private patio with beautiful ocean views! Successful nightly vacation rental that generates approximately $70,000 gross income per year. Located in NW Lincoln City with R/C zoning. There is an occupational tax permit that is required, so there is no waiting period or VRD permit required for this property since it is listed with the county and city as a motel/inn.

Last Agent to Sell the Property

Dennis Regen

Taylor & Taylor Realty Company License #810604051 Listed on: 07/27/2021

Co-Listed By

Jill Hurd

Taylor & Taylor Realty Company License #201223677

Last Buyer's Agent

Shae Lambert

CENTURY 21 Shorepine Properties License #201112085

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,835

Year Built

  • Built in 1965

Lot Details

  • 1,699

HOA Fees

  • $615 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Composition Roof
  • T111 Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,579 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Carpet
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Electric Baseboard Heater
  • Electricity To Lot Line

Additional Features

  • Patio
  • Ocean Front

Listing and Financial Details

  • Tax Lot 50005
  • Assessor Parcel Number 071103DC-50005-00

Community Details

Overview

  • Association fees include electricity, trash, gas, internet, sewer, insurance, water
  • Jan Association
  • 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

$5,835

Year Built

Built in 1965

Lot Details

0

HOA Fees

$615 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: From highway 101, turn west on NW 33rd St, to NW Inlet Ave. Property is located on north side of Inlet Ave.
  • Architectural Style: Traditional
  • 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: 50005
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 2.0
  • General Property Description:Levels: One
  • General Property Description:Style: Traditional
  • Miscellaneous:Pet Friendly: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • Flooring:Carpet: Yes
  • Siding:T1-11: Yes
  • DeckPatio:Patio: Yes
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Patio And Porch Features: Patio
  • 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: 615.0
  • Association Fee Frequency: Monthly
  • Phone: 000-000-0000
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Garbage - Unit: Yes
  • Association Fee Inclusions:Insurance - General: Yes
  • Association Fee Inclusions:Internet - Unit: Yes
  • Association Fee Inclusions:Sewer - Unit: Yes
  • Association Fee Inclusions:TV - Unit: Yes
  • Association Fee Inclusions:Water - Unit: Yes
  • Association Fee Inclusions:Maintenance - Common Area: Yes
  • Association Fee Inclusions:Property Tax - Common Area: Yes
  • Association Fee Inclusions:Utilities - Common Area: Yes
  • CondoAssociation:CondoAssoc Fee (MQY): Monthly
  • CondoAssociation:Assoc Contact Name: Jan
  • CondoAssociation:Assoc Contact Phone: 000-000-0000
  • Association Fee Inclusions:Electric - Unit: Yes
  • Association Fee Inclusions:Gas - Unit: Yes

Fee Information

  • Association Fee Includes: Electricity, Trash, Gas, Internet, Sewer, Insurance, Water

Lot Info

  • Parcel #: 071103DC-50005-00
  • Zoning: RC - Recreational Commercial

Tax Info

  • Tax Annual Amount: 5835.15
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Sep 3, 2021
Sold by
Jan Schmauder
Bought by
Fedderly Joshua and Fedderly Wendy
Seller's Agent
Dennis Regen
Taylor & Taylor Realty Company
Buyer's Agent
Shae Lambert
CENTURY 21 Shorepine Properties
List Price
$675,000
Sold Price
$695,000
Premium/Discount to List
$20,000
2.96%
Current Estimated Value
$840,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,842
Avg. Annual Appreciation
4.69%

Purchase Details

Listed on
Jul 27, 2021
Closed on
Aug 29, 2021
Sold by
Jan Schmauder
Bought by
Fedderly Joshua and Fedderly Wendy
Seller's Agent
Dennis Regen
Taylor & Taylor Realty Company
Buyer's Agent
Shae Lambert
CENTURY 21 Shorepine Properties
List Price
$675,000
Sold Price
$695,000
Premium/Discount to List
$20,000
2.96%
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
Fedderly Joshua $695,000 Lawyers Title
Fedderly Joshua $695,000 Lawyers Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2021 09/03/21 Sold $695,000 +3.0% $440 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $675,000 -- $427 / 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 $6,632 $389,030 -- $389,030
2023 $6,449 $377,700 $0 $0
2022 $6,270 $366,700 $0 $0
2021 $5,972 $356,020 $0 $0
2020 $5,835 $345,660 $0 $0
2019 $5,636 $335,600 $0 $0
2018 $5,510 $325,830 $0 $0
2017 $5,241 $316,340 $0 $0
2016 $4,875 $307,130 $0 $0
2015 $4,906 $307,130 $0 $0
2014 $4,925 $307,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Regen

    Seller's Agent in 2021

    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 2021

    Jill Hurd

    Taylor & Taylor Realty Company

    (541) 992-1672

    9 in this area

    371 Total Sales

    Jill Hurd
    Section Image
  • Shae Lambert

    Buyer's Agent in 2021

    Shae Lambert

    CENTURY 21 Shorepine Properties

    (503) 703-8299

    2 in this area

    158 Total Sales

    Shae Lambert
    Section Image
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Map

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

MLS Number: 21-1835

APN: R515101

Oregon Lincoln County Lincoln City 97367 Wecoma Beach

3313 NW Inlet Ave Unit 5, Lincoln City, OR

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