NOT LISTED FOR SALE

361 S Prom Unit 402 Seaside, OR 97138

Estimated Value: $391,000 - $1,006,000

3 Beds
3 Baths
1,666 Sq Ft
$460/mo HOA Fee

Last Sold October 07, 2019

Last sale price $640,000 $384 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,186/month

54 Days on Market

Highlights

  • Ocean Front
  • 2 Fireplaces
  • Eat-In Kitchen
  • Hydromassage or Jetted Bathtub
  • Furnished
  • 2-minute walk to The Prominade

About This Home

As of October 2019

Ocean/Beach/Prom front, 3 bedrooms 3 bath condo. 1 Block to turnaround and Broadway Street. Completely furnished with new furnishings and appliances in the past 15 months. In vacation rental pool with great income/rental history. Dishes, books, wall decor, videos, and linens all included. Turn key ready to rent on Day one. Awesome location and views.

Last Agent to Sell the Property

Greg Messick

RealtyNET, LLC License #200202047 Listed on: 07/12/2019

Last Buyer's Agent

Rick Christensen

Windermere Realty Trust License #201207197

Windermere Realty Trust

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,081

Year Built

  • Built in 1997

HOA Fees

  • $460 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 1,666 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room
  • Ocean Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Built-In Range
  • Down Draft Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer

Schools

  • Seaside Hts Elementary School
  • Seaside High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Available
  • Electric Water Heater
  • Municipal Trash
  • Internet Available

Additional Features

  • Ocean Front
  • Upper Level

Community Details

  • Promenade Condo Assoc Association, Phone Number (503) 816-9472
  • Seaside Subdivision
  • On-Site Maintenance

Listing and Financial Details

  • Assessor Parcel Number 11951

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,081

Year Built

Built in 1997

Lot Details

0

HOA Fees

$460 per month

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1997
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 11 Features: Dishwasher
  • Room 12 Features: Fireplace
  • Room 13 Features: Fireplace
  • Room 7 Features: Bathroom,CeilingFan
  • Room 8 Features: CeilingFan
  • Room 9 Features: CeilingFan,Deck
  • Special Features: None

Interior Features

  • Total Bathrooms: 3.0
  • Fireplaces: 2
  • Interior Amenities: CeilingFan, Furnished, JettedTub, Laundry, TileFloor, WalltoWallCarpet, WasherDryer
  • Room 4 Description: UtilityRoom
  • Room 4 Level: Main
  • Room 5 Description: MasterBathroom
  • Room 5 Level: Main
  • Room 6 Description: EatingArea
  • Room 6 Level: Main
  • Appliances: BuiltinOven, BuiltinRange, Dishwasher, Disposal, DownDraft, FreeStandingRefrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Main Level Full Bathrooms: 3
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 3.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: WoodSiding
  • Waterfront: Yes
  • View: Yes
  • Waterfront Features: OceanFront
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: BuiltUp
  • View: Ocean

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: UpperFloor
  • Association Amenities: ExteriorMaintenance, Gas, Internet, Sewer, Trash
  • Senior Community: No
  • Association Fee: 460.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Sara Edmiston
  • CondominiumAssociationName: Promenade Condo Assoc
  • CondominiumAssociationPhone: 503-816-9472
  • CondominiumAssociationURLYN: No

Schools

  • Elementary School: Seaside Hts
  • High School: Seaside

Lot Info

  • Parcel #: 11951

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 6080.77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2019
Closed on
Oct 1, 2019
Sold by
Ryan Tom E and Madison Joan Frahm Revocable T
Bought by
Kobbe Eric B and Kobbe Eniwas B
Seller's Agent
Greg Messick
RealtyNET, LLC
Buyer's Agent
Rick Christensen
Windermere Realty Trust
List Price
$699,000
Sold Price
$640,000
Premium/Discount to List
-$59,000
-8.44%
Current Estimated Value
$778,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,191
Avg. Annual Appreciation
3.32%
Original Mortgage
$480,000
Outstanding Balance
$420,504
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$357,687

Purchase Details

Closed on
Jun 14, 2018
Sold by
Ryan Tom E
Bought by
Ryan Tom E and Madison Joan Fraham Revocable

Purchase Details

Closed on
Apr 5, 2018
Sold by
361 S Prom Llc
Bought by
Ryan Tom E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2015
Sold by
Nelson Reid T and Nelson Yvonne
Bought by
361 S Prom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2014
Sold by
Fauth Jocelyn and Bassili Jocelyn L
Bought by
Nelson Reid T and Nelson Yvonne

Purchase Details

Closed on
Jul 30, 2014
Sold by
Hupfer William B
Bought by
Nelson Reid T and Nelson Yvonne

Purchase Details

Closed on
Jun 20, 2014
Sold by
Carlson David
Bought by
Nelson Reid T and Nelson Yvonne

Purchase Details

Closed on
Jun 12, 2014
Sold by
Northwest Investment Specialists
Bought by
Nelson Reid T and Nelson Yvonne
Source: Public Records

Range of Values:

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Average Value
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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
Kobbe Eric B $640,000 First American
Ryan Tom E -- None Available
Ryan Tom E $550,000 First American Title
361 S Prom Llc $328,437 Fidelity Natl Title Co Of Or
Nelson Reid T -- None Available
Nelson Reid T $500 None Available
Nelson Reid T $500 None Available
Nelson Reid T $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kobbe Eric B $480,000
Previous Owner Ryan Tom E $400,000
Previous Owner 361 S Prom Llc $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2019 10/07/19 Sold $640,000 -2.9% $384 / Sq Ft
09/04/2019 09/04/19 Pending -- -- --
09/04/2019 09/04/19 Price Changed $659,000 -5.7% $396 / Sq Ft
07/12/2019 07/12/19 For Sale $699,000 -- $420 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $7,214 $502,184 -- --
2023 $7,001 $487,558 $0 $0
2022 $6,810 $473,358 $0 $0
2021 $6,665 $459,571 $0 $0
2020 $6,510 $446,186 $0 $0
2019 $6,332 $433,191 $0 $0
2018 $6,081 $420,574 $0 $0
2017 $5,803 $408,325 $0 $0
2016 $5,056 $396,433 $0 $396,433
2015 $4,971 $384,887 $0 $384,887
2014 $4,957 $373,677 $0 $0
2013 -- $362,794 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19573288

Regional Multiple Listing Service (RMLS)

APN: 11951