NOT LISTED FOR SALE

Estimated Value: $209,000 - $631,000

2 Beds
2 Baths
1,200 Sq Ft
$321/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $210,000 $175 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,219/month

83 Days on Market

Highlights

  • Landscaped with Trees
  • No Heating
  • 1-minute walk to Fishing Rock State Recreational Site
  • Level Lot

About This Home

As of September 2023

Great Investment potential! Duplex located in the Lincoln Beach area with long term tenants. Each unit has 1 bedroom/1 bath. 0.31 acre lot with C-1 commercial zoning and Highway 101 frontage, just south of Chester's Market and only a few blocks to easy beach access. Minutes to Depoe Bay's great restaurants, shops, breweries, fishing and famous whale watching. Being sold AS IS with buyer to assume tenants at closing. Please do not disturb any of the residents.

Last Agent to Sell the Property

Amy Graham

Taylor & Taylor Realty Co. License #200310128 Listed on: 05/26/2023

Last Buyer's Agent

Barbara Bechmann

Emerald Coast Realty-Seal Rock License #201212071

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,193

Year Built

  • Built in 1967

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • Open Parking

Home Design

  • Composition Roof
  • Shake Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property

Schools

  • Oceanlake Elementary School
  • Taft Middle School
  • Taft High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Community Details

  • 2 Units
  • Gross Income $19,200

Listing and Financial Details

  • Assessor Parcel Number R428186

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,193

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1967
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Cedar,ShakeSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Oceanlake
  • High School: Taft
  • Middle Or Junior School: Taft

Lot Info

  • Zoning: C-1
  • Parcel #: R428186

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 2193.31

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.97
  • Annual Gross Income: 19200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Sep 7, 2023
Sold by
Durham Steven D
Bought by
Tam Family Commercial Properties Llc
Seller's Agent
Amy Graham
Taylor & Taylor Realty Co.
Buyer's Agent
Barbara Bechmann
Emerald Coast Realty-Seal Rock
List Price
$299,000
Sold Price
$210,000
Premium/Discount to List
-$89,000
-29.77%
Views
349
Current Estimated Value
$367,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,830
Avg. Annual Appreciation
33.23%

Purchase Details

Listed on
Jan 6, 2015
Closed on
Mar 2, 2015
Sold by
Grn Llc
Bought by
Durham Steven D
Seller's Agent
Sandra Lamb
John L Scott Lincoln City
Buyer's Agent
Sandra Lamb
John L Scott Lincoln City
List Price
$119,900
Sold Price
$109,000
Premium/Discount to List
-$10,900
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%
Original Mortgage
$84,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Tam Family Commercial Properties Llc $210,000 Western Title
Durham Steven D $109,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Durham Steven D $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $210,000 -15.7% $175 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
07/14/2023 07/14/23 Price Changed $249,000 -7.4% $208 / Sq Ft
06/24/2023 06/24/23 Price Changed $269,000 -10.0% $224 / Sq Ft
05/26/2023 05/26/23 For Sale $299,000 +174.3% $249 / Sq Ft
03/03/2015 03/03/15 Sold $109,000 -9.1% $91 / Sq Ft
02/14/2015 02/14/15 Pending -- -- --
01/06/2015 01/06/15 For Sale $119,900 -- $100 / 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 $2,465 $174,260 -- --
2023 $2,260 $169,190 $0 $0
2022 $2,193 $164,270 $0 $0
2021 $2,137 $159,490 $0 $0
2020 $2,114 $154,850 $0 $0
2019 $1,959 $150,340 $0 $0
2018 $1,927 $145,970 $0 $0
2017 $1,873 $141,720 $0 $0
2016 $1,681 $130,620 $0 $0
2015 $1,653 $137,600 $0 $0
2014 $1,570 $137,220 $0 $0
2013 -- $133,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23391558

Regional Multiple Listing Service (RMLS)

APN: R428186