NOT LISTED FOR SALE

400 Necanicum Dr Seaside, OR 97138

Estimated Value: $2,162,456 - $2,712,000

-- Bed
6 Baths
11,786 Sq Ft
$207/Sq Ft Est. Value

Last Sold September 30, 2016

Last sale price $1,300,000 $110 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $14,482/month

185 Days on Market

Highlights

  • River View
  • Laundry Facilities
  • 1-Story Property
  • Corner Lot
  • No Heating

About This Home

As of September 2016

LOCATED ACROSS FROM THE NECANICUM RIVER IN CENTRAL SEASIDE, A FANTASTIC INVESTMENT OPPORTUNITY W/POSSIBILITY TO BUILD ADD'L UNITS. A HIGH DEMAND FOR RENTAL PROPERTIES MAKES THIS IS A GREAT REAL ESTATE ASSET FOR YOUR INVESTMENT PORTFOLIO. 11 APARTMENTS W/ 2 BEDROOMS 1 & 1/2 BATHS & 3 BDRM 2 BATH UNIT HAS AN EXTRA LARGE 2 CAR GARAGE ATTACHED SEE BROKER FOR INCOME INFO

Last Agent to Sell the Property

Pam Ackley

Windermere Realty Trust License #920100149 Listed on: 01/20/2016

Windermere Realty Trust

Last Buyer's Agent

Larry Popkin

Popkin Real Estate, LLC License #910500560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,147

Year Built

  • Built in 1989

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Open Parking

Home Design

  • Composition Roof
  • Cedar

Interior Spaces

  • 11,786 Sq Ft Home
  • 1-Story Property
  • River Views
  • Crawl Space

Schools

  • Seaside Hts Elementary School
  • Broadway Middle School
  • Seaside High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Community Details

  • 12 Units
  • Laundry Facilities

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 52596

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,147

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1989
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: Yes
  • Lot Features: CornerLot, Level
  • Water Body Name: Necanicum River
  • Disclosures: Exempt
  • Roof: Composition
  • View: River

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Seaside Hts
  • High School: Seaside
  • Middle Or Junior School: Broadway

Lot Info

  • Zoning: R-3
  • Parcel #: 52596
  • Assessor Parcel Number 2: 52597
  • Assessor Parcel Number 3: 11380

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 12147.43

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2016
Closed on
Sep 29, 2016
Sold by
Bell Florence L
Bought by
R & D Frank Llc
Seller's Agent
Pam Ackley
Windermere Realty Trust
Buyer's Agent
Larry Popkin
Popkin Real Estate, LLC
List Price
$1,500,000
Sold Price
$1,300,000
Premium/Discount to List
-$200,000
-13.33%
Total Days on Market
185
Current Estimated Value
$2,437,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,137,228
Avg. Annual Appreciation
7.48%
Original Mortgage
$700,000
Outstanding Balance
$338,815
Interest Rate
2.74%
Mortgage Type
Commercial
Estimated Equity
$2,098,413

Purchase Details

Closed on
Nov 1, 2007
Sold by
Chisholm Geraldine L
Bought by
Chisholm Geraldine L and Geraldine L Chisholm Revocable Living Tr

Purchase Details

Closed on
Jan 16, 2007
Sold by
Chisholm Geraldine L
Bought by
Chisholm Geraldine L and Geraldine L Chisholm Revocable Living Tr
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
R & D Frank Llc $1,300,000 Ticor Title Ins Co
Chisholm Geraldine L -- None Available
Chisholm Geraldine L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R & D Frank Llc $700,000
Closed R & D Frank Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $1,300,000 -13.3% $110 / Sq Ft
07/23/2016 07/23/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $1,500,000 -- $127 / 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 $10,394 $723,553 -- --
2023 $10,087 $702,479 $0 $0
2022 $9,812 $682,019 $0 $0
2021 $9,604 $662,156 $0 $0
2020 $9,379 $642,871 $0 $0
2019 $9,124 $624,148 $0 $0
2018 $8,761 $605,970 $0 $0
2017 $8,335 $588,321 $0 $0
2016 $7,345 $571,187 $326,327 $244,860
2015 $7,034 $554,552 $316,823 $237,729
2014 $7,141 $538,401 $0 $0
2013 -- $522,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pam Ackley

    Seller's Agent in 2016

    Pam Ackley

    Windermere Realty Trust

    (503) 717-3796

    161 Total Sales

    Pam Ackley
    Section Image
  • Larry Popkin

    Buyer's Agent in 2016

    Larry Popkin

    Popkin Real Estate, LLC

    (503) 738-8400

    3 Total Sales

    Larry Popkin
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16003500

Regional Multiple Listing Service (RMLS)

APN: 52597

Oregon Clatsop County Seaside 97138

400 Necanicum Dr, Seaside, OR

This home is located at 400 Necanicum Dr, Seaside, OR 97138 since 20 January 2016 and is currently estimated at $2,437,228, approximately $206 per square foot. This property was built in 1989. 400 Necanicum Dr is a home located in Clatsop County with nearby schools including Seaside High School.

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