NOT LISTED FOR SALE

426 Pacific Way Gearhart, OR 97138

Estimated Value: $753,000 - $936,984

3 Beds
2 Baths
2,280 Sq Ft
$380/Sq Ft Est. Value

Last Sold October 22, 2020

Last sale price $1,640,000 $719 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $5,385/month

720 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Attached Garage
  • 1 Fireplace
  • Private Yard
  • Patio

About This Home

As of October 2020

A stunning private estate in the heart of Gearhart, consisting of five tax lots on approximately 1.2 acres. Only 2 families have owned this property since original construction in 1947. Quoined ''Le Petit Chateau'' by original owners Bill Wilcox and Jerry Porsche, the home was designed for entertaining, and as a beautiful architectural backdrop for the their collection of European art & antiques. A spectacular and rare piece of Gearhart history!

Last Agent to Sell the Property

Ted Wood

Cascade Hasson Sotheby's International Realty License #201204376 Listed on: 11/02/2018

Cascade Hasson Sotheby's International Realty

Last Buyer's Agent

Abbas Atwi

Cascade Hasson Sotheby's International Realty License #201225596

Cascade Hasson Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,227

Year Built

  • Built in 1947

Lot Details

  • Fenced
  • Level Lot
  • Private Yard
  • Property is zoned R2

Parking

  • Attached Garage
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • High Ceiling
  • 1 Fireplace

Flooring

  • Wood
  • Tile

Outdoor Features

  • Patio

Utilities

  • Heating System Uses Oil
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,227

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Sq Ft Calculated: 2280
  • Sq Ft Approximate Total: 2280
  • Stories: 1
  • Year Built: 1947
  • Property Condition: Resale
  • Remarks Public: A stunning private estate in the heart of Gearhart, consisting of five tax lots on approximately 1.2 acres. Only 2 families have owned this property since original construction in 1947. Quoined ''Le Petit Chateau'' by original owners Bill Wilcox and Jerry Porsche, the home was designed for entertaining, and as a beautiful architectural backdrop for the their collection of European art & antiques. A spectacular and rare piece of Gearhart history!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Main Level Bathrooms: 2.0
  • Total Bathrooms: 2.0
  • Fireplace Description: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Tile Floor, High Ceilings
  • Kitchen Appliances: Gas Appliances
  • Legal Description: Multiple
  • Sq Ft Main Level: 2280
  • Bedrooms: 3
  • Master Bedroom: On Level: Main
  • Full Bathrooms: 2
  • Bathrooms Main Level Full: 2
  • Total Bathrooms: 2

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Fenced, Patio, Yard
  • Lot Size: 1-2.99AC
  • Roof Type: Flat
  • Foundation Details: Slab

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Garage Type: Attached
  • Parking Description: Off Street

Utilities

  • Fuel Description: Electricity, Oil
  • Hot Water: Gas
  • Sewer: Septic Tank
  • Water Description: Public
  • Heating Description: Forced Air

Schools

  • Elementary School: Gearhart
  • Middle School: Broadway
  • High School: Seaside

Lot Info

  • Lot Description: Level, Gentle Sloping
  • Acres: 1.60
  • Zoning: R2

Tax Info

  • Tax Amount: 10736.00
  • Assessor Parcel Number: 8876
  • Tax Year: 2017

MLS Schools

  • Elementary School: Gearhart
  • High School: Seaside
  • Middle School: Broadway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2018
Closed on
Oct 20, 2020
Sold by
Taft Cynthia J and Anne A Anderson Trust
Bought by
Cope Gene C and Cope Harriet F
Seller's Agent
Ted Wood
Cascade Hasson Sotheby's International Realty
Buyer's Agent
Abbas Atwi
Cascade Hasson Sotheby's International Realty
List Price
$2,299,999
Sold Price
$1,640,000
Premium/Discount to List
-$659,999
-28.7%
Current Estimated Value
$865,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$774,004
Avg. Annual Appreciation
-12.03%
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
Cope Gene C $1,640,000 Ticor Title Ins Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2020 10/22/20 Sold $1,640,000 0.0% $719 / Sq Ft
06/14/2020 06/14/20 Off Market $1,640,000 -- --
05/15/2020 05/15/20 Price Changed $1,390,000 -28.7% $610 / Sq Ft
05/07/2019 05/07/19 Price Changed $1,950,000 -15.2% $855 / Sq Ft
11/02/2018 11/02/18 For Sale $2,299,999 -- $1,009 / 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 $7,227 $631,928 -- --
2023 $7,025 $613,524 $0 $0
2022 $6,814 $595,655 $0 $0
2021 $6,956 $578,307 $0 $0
2020 $6,693 $561,464 $0 $0
2019 $6,537 $545,112 $0 $0
2018 $5,715 $497,597 $0 $0
2017 $5,735 $483,104 $0 $0
2016 $4,708 $469,034 $108,708 $360,326
2015 $4,525 $455,374 $105,542 $349,832
2014 $4,535 $442,111 $0 $0
2013 -- $429,235 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Ted Wood

    Cascade Hasson Sotheby's International Realty

    Section Image
  • Abbas Atwi

    Buyer's Agent in 2020

    Abbas Atwi

    Cascade Hasson Sotheby's International Realty

    (503) 310-8464

    51 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18483976

Regional Multiple Listing Service (RMLS)

APN: 8876

Oregon Clatsop County Gearhart 97138

426 Pacific Way, Gearhart, OR

This home is located at 426 Pacific Way, Gearhart, OR 97138 since 02 November 2018 and is currently estimated at $865,996, approximately $379 per square foot. This property was built in 1947. 426 Pacific Way is a home located in Clatsop County with nearby schools including Seaside High School.

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