NOT LISTED FOR SALE

400 Necanicum Dr Seaside, OR 97138

Estimated Value: $2,201,206 - $2,656,000

-- Bed
6 Baths
11,786 Sq Ft
$206/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 $13,654/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
  • Current Price For Status: 1300000.0
  • 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

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%
Current Estimated Value
$2,428,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,128,603
Avg. Annual Appreciation
7.01%
Original Mortgage
$700,000
Outstanding Balance
$310,810
Interest Rate
2.74%
Mortgage Type
Commercial
Estimated Equity
$2,117,793

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $10,709 $745,259 -- --
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

    152 Total Sales

    Pam Ackley
    Section Image
  • Larry Popkin

    Buyer's Agent in 2016

    Larry Popkin

    Popkin Real Estate, LLC

    (503) 738-8400

    2 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

Not Listed for Sale

MultiFamily

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