NOT LISTED FOR SALE

338 SW Woods St Unit 1-8 Newport, OR 97365

16 Beds
8 Baths
7,616 Sq Ft
0.38 Acres

Last Sold January 15, 2021

Last sale price $1,150,000 $151 Per Sq Ft

112 Days on Market

Highlights

  • Ocean View
  • Deck
  • Cooling Available
  • RV Access or Parking
  • No HOA
  • 1-minute walk to Ocean Shore State Recreation Area

About This Home

As of January 2021

Newport 8 Plex coastal investment with many investment opportunities. Just across the street from oceanfront and miles of sandy beaches. This property has been established as 8 condominiums all on their own tax lots. Currently grossing $101,400 each 2 bed 1 bath unit is on individual electric meter with 1 water meter. Close to the historic Nye Beach area restaurants and shops. **Shown by appointment only**

Last Agent to Sell the Property

Dennis Regen

Taylor & Taylor Realty Company License #810604051 Listed on: 06/30/2020

Co-Listed By

Korey Hazard

Taylor & Taylor Realty Company License #201219450

Last Buyer's Agent

Out of Area

OUT OF AREA

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,749

Year Built

  • Built in 1972

Lot Details

  • 0.38

Home Design

  • Built-Up Roof
  • Concrete Siding

Interior Spaces

  • 7,616 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces
  • RV Access or Parking

Outdoor Features

  • Deck

Utilities

  • Cooling Available
  • Heating Available
  • Water Heater

Listing and Financial Details

  • Tax Lot 111108BC90000100
  • Assessor Parcel Number 111108BC-90001-00

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Elizabeth Shores Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Building Details

  • Operating Expense $15,447
  • Gross Income $101,400

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,749

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Dwelling
  • Prop. Type: Multi-Dwelling
  • Road Frontage Type: None
  • Lot Size Acres: 0.38
  • Lot Size Sq Ft: 16552.8
  • Road Surface Type: Paved
  • Subdivision Name: Elizabeth Shores Condo
  • Directions: Highway 101 to W Olive St. W Olive St. to SW Elizabeth St. SW Elizabeth St. to SW Woods.
  • Architectural Style: Condo
  • Garage Yn: No
  • Year Built: 1972
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.38
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 90001
  • General Property Description:Total Bedrooms: 16
  • General Property Description:Total Bathrooms: 8.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Condo
  • General Property Description:Basement: No
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Gas:On Property3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: No
  • Location Tax and Other Information:Subdv ParcelLot: 111108BC90000100
  • Internal Features:Water Heater: Electric
  • Flooring:Vinyl2: Yes
  • Alternate Heat:None7: Yes
  • Flooring:Carpet: Yes
  • Sewer:City Property2: Yes
  • Siding:Concrete Composite: Yes
  • Gross Income: 101400.0
  • Roof:Built-Up: Yes
  • Miscellaneous Possession: Subject to tenacy
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Water Heater
  • Total Bedrooms: 16
  • Flooring: Carpet, Vinyl
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Con/Post
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Roof: Built-Up
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Parking Features: RV Access/Parking
  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0
  • External Features:Parking Spaces: 13.0
  • Miscellaneous:RV Parking: Yes

Utilities

  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: City Property
  • HeatingCooling:Electric: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108BC-90001-00
  • Zoning: R-4 Residential

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 101400.0
  • Annual Operating Expense: 15447.01

Tax Info

  • Tax Annual Amount: 9749.2
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $1,150,000 -3.8% $151 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $1,195,000 -- $157 / Sq Ft
Source: Lincoln County Board of REALTORS® MLS (OR)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dennis Regen

    Seller's Agent in 2021

    Dennis Regen

    Taylor & Taylor Realty Company

    (541) 994-4169

    662 Total Sales

    Section Image
  • Korey Hazard

    Seller Co-Listing Agent in 2021

    Korey Hazard

    Taylor & Taylor Realty Company

    (541) 961-7519

    322 Total Sales

    Section Image

  • O

    Buyer's Agent in 2021

    Out of Area

    OUT OF AREA

See All Agents

Map

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

MLS Number: 20-473

Oregon Lincoln County Newport 97365

338 SW Woods St Unit 1-8, Newport, OR

This home is located at 338 SW Woods St Unit 1-8, Newport, OR 97365 since 30 June 2020. This property was built in 1972. 338 SW Woods St Unit 1-8 is a home located in Lincoln County with nearby schools including Yaquina View Elementary School, Sam Case Elementary School, and Newport High School.

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