NOT LISTED FOR SALE

487 Ocean Ave Cannon Beach, OR 97110

Estimated Value: $2,285,000 - $3,134,000

4 Beds
4 Baths
2,857 Sq Ft
$937/Sq Ft Est. Value

Last Sold February 08, 2022

Last sale price $3,269,998 $1,145 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $16,354/month

1 Day on Market

Highlights

  • Waterfront
  • Wood Flooring
  • Corner Lot
  • Vaulted Ceiling
  • 2 Fireplaces
  • 4-minute walk to Ecola State Park

About This Home

As of February 2022

If you've always dreamed of owning a "Classic" Ocean Front beach home the wait is over. This beautifully maintained vintage beach home features fabulous ocean views, beach front access, two fireplaces, an outdoor fire pit, outdoor barbecue, family, living and sun rooms, spacious kitchen w/breakfast bar, a large outdoor patio, and a fenced yard for you and guests to enjoy. Start building your own beach memories today!

Last Agent to Sell the Property

Jeff Etchison

Windermere Realty Trust License #940600010 Listed on: 01/18/2022

Windermere Realty Trust

Last Buyer's Agent

Michael Henderson

Duane Johnson Real Estate License #201220810

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,365

Year Built

  • Built in 1946

Lot Details

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

Home Design

  • Shingle Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Double Pane Windows
  • Vinyl Clad Windows
  • Wood Frame Window
  • First Floor Utility Room
  • Laundry Room
  • Crawl Space
  • Property Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Parking

  • Driveway
  • On-Street Parking

Accessible Home Design

  • Accessibility Features
  • Level Entry For Accessibility
  • Accessible Parking

Outdoor Features

  • Patio
  • Fire Pit
  • Built-In Barbecue

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,365

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Style: Cottage, 2 Story
  • Sq Ft Calculated: 2857
  • Sq Ft Approximate Total: 2857
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 1946
  • Property Condition: Resale
  • Remarks Public: If you've always dreamed of owning a "Classic" Ocean Front beach home the wait is over. This beautifully maintained vintage beach home features fabulous ocean views, beach front access, two fireplaces, an outdoor fire pit, outdoor barbecue, family, living and sun rooms, spacious kitchen w/breakfast bar, a large outdoor patio, and a fenced yard for you and guests to enjoy. Start building your own beach memories today!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Accessibility Features: Parking, Ground Level, Main Floor Bedroom w/Bath, Utility Room On Main
  • Additional Room Features: Storage, Tile Floor, Vaulted Ceiling(s), Wall to Wall Carpet, Sink, Closet
  • Additional Rooms: Entry, Sun Room, 4th Bedroom
  • All Room Features: Bathroom, Beamed Ceilings, Microwave, Eat Bar, Fireplace, Hardwood Floors, Storage, Tile Floor, Vaulted Ceiling(s), Wet Bar, Wall to Wall Carpet, Sink, Free-Standing Range, Free-Standing Refrigerator, Shared Bath, Closet, Shower
  • Main Level Bathrooms: 2.0
  • Total Bathrooms: 3.1
  • Fireplace Description: Gas, Wood Burning
  • Fireplaces: 2
  • Interior Amenities: Hardwood Floors, Laundry, Tile Floor, Vaulted Ceiling(s), Wall to Wall Carpet, High Speed Internet
  • Kitchen Appliances: Microwave, Dishwasher, Disposal, Island, Tile, Free-Standing Range, Free-Standing Refrigerator, Stainless Steel Appliance(s), Free-Standing Gas Range
  • Legal Description: 5N10W30 AA 08100
  • Sq Ft Main Level: 1748
  • Upper Level Sq Ft: 1109
  • Bedrooms: 4
  • Master Bedroom: Features: Bathroom, Fireplace, Wall to Wall Carpet, Shower,On Level: Main,Dimensions: 15x22
  • Bedroom 2: On Level: Upper,Dimensions: 12x15
  • Bedroom 3: On Level: Upper,Dimensions: 11x15
  • Full Bathrooms: 3
  • Partial Bathrooms: 1
  • Basement: Crawl Space
  • Dining Room: Features: Beamed Ceilings, Hardwood Floors,On Level: Main,Dimensions: 7x19
  • Family Room: Features: Vaulted Ceiling(s), Wall to Wall Carpet,On Level: Main,Dimensions: 13x19
  • Living Room: Features: Beamed Ceilings, Fireplace, Hardwood Floors,On Level: Main,Dimensions: 16x19
  • Kitchen: Features: Microwave, Eat Bar, Tile Floor, Wet Bar, Free-Standing Range, Free-Standing Refrigerator,On Level: Main,Dimensions: 12x15
  • Additional Room 1: Description: Entry,Features: Storage, Tile Floor,On Level: Main,Dimensions: 10x14
  • Additional Room 2: Description: Sun Room,Features: Vaulted Ceiling(s), Wall to Wall Carpet,On Level: Upper,Dimensions: 15x15
  • Additional Room 3: Description: 4th Bedroom,Features: Vaulted Ceiling(s), Wall to Wall Carpet, Sink, Closet,On Level: Upper,Dimensions: 13x13
  • Bathrooms Main Level Full: 2
  • Total Bathrooms: 4
  • Bathrooms Upper Level Full: 1
  • Bathrooms Upper Level Partial: 1
  • Window Features: Wood Frames, Vinyl Frames, Double Pane Windows

Exterior Features

  • Exterior Description: Cedar, Shingle Siding
  • Exterior Features: Fenced, Patio, Public Road, Yard, Fire Pit, Built-in Barbecue
  • Lot Size: 3K-4,999SF
  • Roof Type: Shake
  • View: Ocean
  • Waterfront Description: Ocean Front
  • Waterfront: Yes
  • Water Name: Pacific Ocean
  • Foundation Details: Other, Concrete Perimeter
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Driveway, On Street

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas, Tank
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Forced Air
  • Internet Service Type: Cable
  • Security: None

Schools

  • Elementary School: Cannon Bch Acad
  • Middle School: Seaside
  • High School: Seaside
  • School Elementary2: Pacific Ridge

Lot Info

  • Lot Description: Corner Lot, Level, Ocean Beach 1/4 Mile or Less
  • Acres: 0.10
  • Zoning: R2

Tax Info

  • Tax Amount: 13743.70
  • Assessor Parcel Number: 5896
  • Tax Year: 2021

MLS Schools

  • Elementary School: Cannon Bch Acad
  • High School: Seaside
  • Middle School: Seaside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2022
Closed on
Feb 4, 2022
Sold by
Thayer Michael P
Bought by
Wenfong Chang Family Trust
Seller's Agent
Jeff Etchison
Windermere Realty Trust
Buyer's Agent
Michael Henderson
Duane Johnson Real Estate
List Price
$3,269,000
Sold Price
$3,269,998
Premium/Discount to List
$998
0.03%
Current Estimated Value
$2,714,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$555,851
Avg. Annual Appreciation
-5.53%
Original Mortgage
$1,961,999
Outstanding Balance
$1,826,493
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$853,526

Purchase Details

Closed on
Dec 21, 2005
Sold by
Thayer Michael P
Bought by
Thayer Michael P and Thayer Kristina D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 25, 2005
Sold by
Thayer Michael
Bought by
Braintree Jefferson Ave Llc
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
Wenfong Chang Family Trust $3,269,998 New Title Company Name
Thayer Michael P -- Fidelity Natl Title Co Of Or
Braintree Jefferson Ave Llc -- Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wenfong Chang Family Trust $1,961,999
Closed Wenfong Chang Family Trust $2,000,000
Previous Owner Thayer Michael P $1,308,000
Previous Owner Thayer Michael P $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2022 02/08/22 Sold $3,269,998 0.0% $1,145 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $3,269,000 -- $1,144 / 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 $16,365 $1,296,470 -- --
2023 $14,407 $1,226,421 $0 $0
2022 $14,032 $1,190,701 $0 $0
2021 $13,744 $1,156,021 $0 $0
2020 $13,505 $1,122,352 $0 $0
2019 $12,694 $1,089,663 $0 $0
2018 $12,028 $1,057,926 $0 $0
2017 $11,560 $1,027,114 $0 $0
2016 $9,942 $997,199 $609,047 $388,152
2015 $9,545 $968,155 $591,308 $376,847
2014 $9,128 $928,906 $0 $0
2013 -- $901,851 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22085923

Regional Multiple Listing Service (RMLS)

APN: 51030AA08100