NOT LISTED FOR SALE

Estimated Value: $636,074 - $775,000

4 Beds
2 Baths
2,508 Sq Ft
$282/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $660,000 $263 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,250/month

5 Days on Market

Highlights

  • Mountain View
  • Vaulted Ceiling
  • Forced Air Zoned Cooling System
  • Deck
  • 2 Car Attached Garage
  • Patio

About This Home

As of May 2023

Neotsu means 'Lake Near the Ocean' and that is what you get to enjoy with this beautifully updated 2-level home featuring a gorgeous, open-concept kitchen with newer SS appliances, where you can dine or entertain guests at the large granite-top island while cooking up your favorite meals. This 4-bedroom, 2-bathroom, 2508 sq ft home is situated on .25 acres offering light and airy open-concept living spaces. The main floor boasts rich LVP floors, 2 ceiling fans, LED lighting, a gas fireplace, French doors off the dining to the upper deck, USB outlets, Jack and Jill bathroom, primary bedroom, guest bedroom, and provides open flow paired with dynamic beauty. On the lower level, you are greeted with a gracious daylight basement, beautiful exposed beam, gas fireplace, ample-sized laundry room, two guest bedrooms, large bathroom, and French doors to the lower deck areas. But wait! There's more, the 50-amp charging bank on the front of the garage makes it convenient for various types of electric cars. Natural gas BBQ line on the upper deck off kitchen for all your year-round BBQ needs and outdoor entertainment. Tankless Rinnai water heater installed last year, 3 covered decks, a tranquil pond for koi fish, fully fenced backyard, and so much more! For a small yearly fee, you will have private access to the Devils Lake dock & picnic area where you can put your boats/kayaks/jet skis in or simply enjoy a day of fishing, or cooling off in the Summertime. Located five minutes from the Pacific Ocean with miles of sandy beaches, driftwood, agates, and endless sunsets. Neotsu is on the northern end of Lincoln City and not far from Hwy 18 where you can take a drive through the forest alongside the Salmon River. Imagine waking up to birds chirping, a cup of coffee, and being in a temperate, sunny microclimate. It's located outside city limits and close to shops, restaurants, golfing, and hiking trails. A Must See!! MORE PHOTOS COMING SOON!

Last Listed By

Hannah Katz

Coldwell Banker Professional Group - Lincoln City License #201231711 Listed on: 04/25/2023

Coldwell Banker Professional Group - Lincoln City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,496

Year Built

  • Built in 1972

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75 x 146
  • Property is zoned R-1 Residential, Single

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Cedar Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,508 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Window Treatments
  • Mountain Views
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Zoned Cooling System
  • Heating Available
  • Electricity To Lot Line
  • Tankless Water Heater
  • Septic System

Community Details

  • Colin Teem (Seller) Association, Phone Number (541) 270-4949
  • Secondary HOA Phone (541) 270-4949
  • Wabusha Heights Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 071102AD-200-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,496

Year Built

Built in 1972

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.25
  • Lot Size: 75 x 146
  • Lot Size Sq Ft: 10890.0
  • Road Surface Type: Paved
  • Subdivision Name: Wabusha Heights
  • Directions: Hwy 101 to Neotsu Post Office. Right on Johns Ave. Left on 43rd to property on left.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 1972
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • Contract Information:_three_rd Party Approval: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Mountain
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.25
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 200
  • General Property Description:Total Bedrooms: 4
  • General Property Description:Total Bathrooms: 2.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Two Story
  • General Property Description:Basement: Daylight
  • Miscellaneous:Pet Friendly: Yes
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:RangeOven: Gas
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Lot Dimensions: 75 x 146
  • Location Tax and Other Information:Subdv ParcelLot: 5
  • General Property Description:Property Sub-Type: Single Family Residence
  • Flooring:Vinyl2: Yes
  • Ceiling:Vaulted: Yes
  • Siding:Cedar: Yes
  • Flooring:Carpet: Yes
  • DeckPatio:Deck and Patio: Yes
  • Flooring:Tile2: Yes
  • Sewerseptic In: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Other, Vinyl, Carpet, Tile
  • Interior Amenities: Vaulted Ceiling(s)
  • Window Features: Window Coverings

Exterior Features

  • View: Mountain
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 2

Utilities

  • Heating: Electric Wall/Zone
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Electric WallZone: Yes
  • HeatingCooling:Gas Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 150.0
  • Association Fee Frequency: Yearly
  • Phone: 541-270-4949
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Other11: Devils Lake Private boat launch/dock
  • CondoAssociation:CondoAssoc Fee (MQY): Yearly
  • CondoAssociation:Assoc Contact Name: Colin Teem (Seller)
  • CondoAssociation:Assoc Contact Phone: 541-270-4949

Lot Info

  • Parcel #: 071102AD-200-00
  • Zoning: R-1 Residential, Single
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3495.59
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
May 25, 2023
Sold by
Teem Colin
Bought by
Robson Jeanne and Bleggi Phillip James
Seller's Agent
Hannah Katz
Coldwell Banker Professional Group - Lincoln City
Buyer's Agent
Out of Area
OUT OF AREA
List Price
$659,900
Sold Price
$660,000
Premium/Discount to List
$100
0.02%
Total Days on Market
5
Current Estimated Value
$708,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,269
Avg. Annual Appreciation
6.09%
Original Mortgage
$561,000
Outstanding Balance
$550,097
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$189,719

Purchase Details

Closed on
Apr 6, 2016
Sold by
Phila Properties Llc
Bought by
Teem Colin and Teem Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,255
Interest Rate
3.62%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 9, 2015
Sold by
Hsbc Bank Usa National Association
Bought by
Philla Properties Llc

Purchase Details

Closed on
Jun 16, 2014
Sold by
James Justin C and James Nicole K
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jan 27, 2014
Sold by
James Justin C and James Nicole K
Bought by
Hsbc Bank Usa National Association

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
Robson Jeanne $660,000 Chicago Title
Teem Colin $280,000 Western Title & Escrow
Philla Properties Llc $127,000 Wte
Hsbc Bank Usa National Association $166,000 None Available
Hsbc Bank Usa National Association $166,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robson Jeanne $561,000
Previous Owner Teem Colin $404,000
Previous Owner Teem Colin $325,600
Previous Owner Teem Colin $260,500
Previous Owner Teem Colin $278,255
Previous Owner James Justin C $259,000
Previous Owner James Justin C $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $660,000 0.0% $263 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $659,900 -- $263 / Sq Ft
Source: Lincoln County Board of REALTORS® MLS (OR)

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 $3,718 $283,100 -- --
2023 $3,601 $274,860 $0 $0
2022 $3,496 $266,860 $0 $0
2021 $3,307 $259,090 $0 $0
2020 $3,240 $251,550 $0 $0
2019 $3,122 $244,230 $0 $0
2018 $3,059 $237,120 $0 $0
2017 $2,914 $230,220 $0 $0
2016 $2,671 $223,520 $0 $0
2015 $2,648 $217,010 $0 $0
2014 $2,479 $210,690 $0 $0
2013 -- $204,560 $0 $0
Source: Public Records

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

MLS Number: 23-699

APN: R219559