NOT LISTED FOR SALE

4951 Netarts Hwy W Tillamook, OR 97141

Estimated Value: $1,029,958

8 Beds
7 Baths
2,948 Sq Ft
$349/Sq Ft Est. Value

Last Sold November 02, 2015

Last sale price $225,000 $76 Per Sq Ft

Est. 358% increase in value since last sale

Current estimated payment $5,784/month

Highlights

  • 1-Story Property
  • Wood Siding
  • Carpet

About This Home

As of November 2015

Previously the Sea Lion, property has six 1 bedroom units & one 2 bedroom unit, 1 work room/office accessed by a sliding glass door, 1 storage shed & 1 storage building. All units have kitchens & full baths. Parking lot paved. Either refurb & operate as a motel or convert to full time rentals. Most units have futon frames, bed frames, some lamps & kitchen utensils. Some deferred maintenance.

Last Agent to Sell the Property

Margaret Page

Coast Real Estate Professional License #920200054 Listed on: 11/02/2015

Co-Listed By

Adam Schwend

Coast Real Estate Professional License #201209462

Last Buyer's Agent

Nick Hahn

King Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,874

Year Built

  • Built in 1960

Lot Details

  • 0.45 Acre Lot

Home Design

  • Frame Construction
  • Shake Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,948 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Parking

  • No Garage
  • 2 Car Parking Spaces

Utilities

  • Electric Water Heater
  • Phone Available

Community Details

  • 7 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,874

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Financing Assumable: No
  • Unit Levels: 1 Story
  • Listing Member Name: Margaret K. Page
  • Listing Office Short Id: 6
  • Minorarea: Netarts
  • Open House Office I D: 20060113214316618619000000
  • Prop. Type: Multi-Family
  • Selling Member Short Id: hah
  • Selling Office Short Id: mor
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floor Coverings: Carpet, Vinyl
  • Total Bathrooms: 7.00
  • Basement Type: Five+ Plex

Exterior Features

  • Exterior Construction: Frame
  • Exterior: Wood Siding
  • Foundation: Concrete Perimeter
  • Number of Acres: 0.45
  • Roof: Shake
  • Street Road: Paved
  • Total Sq Ft: 2948.00

Garage/Parking

  • Garage Type: None

Utilities

  • Sewer: Sewer Connected
  • Utilities: Electricity Available, Phone Available, Water Heater-Elec
  • Hot Water: Public

Condo/Co-op/Association

  • Units in Building: 7

Fee Information

  • Taxes: 2873.72

Lot Info

  • Lot Dimensions: Irregular
  • Zoning: C-1

Tax Info

  • Tax Year: 2014

Multi Family

  • Total Bedrooms: 8
  • Parking Per Unit: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2017
Sold by
Petersen Nick and Veek Skyler
Bought by
Pacific View Lodging Inc
Current Estimated Value
$1,029,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,250
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 2, 2015
Closed on
Oct 22, 2015
Sold by
Craft3
Bought by
Petersen Nick and Veek Skyler
Seller's Agent
Margaret Page
Coast Real Estate Professional
Buyer's Agent
Nick Hahn
King Realty
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.25%
Original Mortgage
$225,000
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2015
Sold by
Dory Investments Inc
Bought by
Craft3
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
Pacific View Lodging Inc $699,000 Ticor Title Co
Petersen Nick $225,000 First American
Craft3 $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pacific View Lodging Inc $524,250
Previous Owner Petersen Nick $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/02/2015 11/02/15 Sold $225,000 0.0% $76 / Sq Ft
11/02/2015 11/02/15 Sold $225,000 -17.6% $76 / Sq Ft View Prior Sale
09/22/2015 09/22/15 Pending -- -- --
06/06/2015 06/06/15 For Sale $273,000 -- $93 / Sq Ft
Source: Tillamook Board of REALTORS®

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 $4,401 $349,210 $124,020 $225,190
2023 $4,384 $339,040 $120,410 $218,630
2022 $4,262 $329,170 $116,910 $212,260
2021 $4,165 $319,590 $113,510 $206,080
2020 $4,074 $310,290 $110,210 $200,080
2019 $3,990 $301,260 $107,010 $194,250
2018 $5,635 $292,490 $103,900 $188,590
2017 $3,051 $225,670 $100,870 $124,800
2016 $2,955 $219,100 $97,930 $121,170
2015 $2,910 $212,720 $95,080 $117,640
2014 $2,874 $206,530 $92,310 $114,220
2013 -- $200,520 $89,620 $110,900
Source: Public Records

Agents Affiliated with this Home

  • Margaret Page

    Seller's Agent in 2015

    Margaret Page

    Coast Real Estate Professionals

    (503) 801-3603

    101 Total Sales

    Margaret Page
    Section Image
  • Adam Schwend

    Seller Co-Listing Agent in 2015

    Adam Schwend

    Coast Real Estate Professional

    (503) 457-8865

    107 Total Sales

    Adam Schwend
    Section Image

  • N

    Buyer's Agent in 2015

    Nick Hahn

    King Realty

See All Agents

Map

Source: Tillamook Board of REALTORS®

MLS Number: 15-544

Tillamook Board of REALTORS®

APN: R0185212

Oregon Tillamook County Tillamook 97141

4951 Netarts Hwy W, Tillamook, OR

Not Listed for Sale

MultiFamily

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