NOT LISTED FOR SALE

502 SW 7th St Newport, OR 97365

Estimated Value: $642,000 - $895,000

3 Beds
3 Baths
2,091 Sq Ft
$384/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $825,000 $395 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,699/month

26 Days on Market

Highlights

  • Ocean View
  • Deck
  • No HOA
  • Craftsman Architecture
  • Wood Flooring
  • 4-minute walk to Lost Creek State Park

About This Home

As of August 2022

Welcome to Castello Del Mare. Spectacular views, walkable to Beach, Bayfront and Breweries. Detailed home space with two kitchen and laundry locations. Three floors with separate entrance on lower level for additional privacy. Three levels of views, beach and lighthouse scenary. Three bedrooms and 3 baths, 2 decks, relaxing firepit and spa. Don't miss this excellent whale watching, fishing, relaxing Newport vacation.

Last Agent to Sell the Property

Stacey Clendenin

Coldwell Banker Professional Group - Newport License #201220935 Listed on: 06/16/2022

Co-Listed By

Alishia Smith

Coldwell Banker Professional Group - Newport License #201241702

Last Buyer's Agent

Amy Graham

Taylor & Taylor Realty Company License #200310128

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,959

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Property is zoned R-3 Residential

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Concrete Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,091 Sq Ft Home
  • 3-Story Property
  • Beamed Ceilings
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Ocean Views
  • Natural lighting in basement

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Heating Available
  • Furnace
  • Electricity To Lot Line
  • Water Heater

Community Details

  • No Home Owners Association
  • Bayley And Case's Subdivision

Listing and Financial Details

  • Exclusions: FridgFreezer in shed
  • Tax Lot 5
  • Assessor Parcel Number 111108BD-3400-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,959

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.6
  • Road Surface Type: Gravel
  • Exclusions: FridgFreezer in shed
  • Inclusions: Appliances
  • Subdivision Name: Bayley and Case's
  • Directions: From Hwy 101, turn west on SW Alder by Columbia Bank & Pig N' Pancake, turn left on SW 7th, follow to address
  • Architectural Style: Craftsman
  • Garage Yn: No
  • Year Built: 1920
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: Ocean
  • General Property Description:Lot SqFt: 5,001
  • General Property Description:_pound_ of Acres: 0.11
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 3400
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 3.0
  • General Property Description:Levels: Three or More
  • General Property Description:Style: Craftsman
  • General Property Description:Basement: Yes
  • Miscellaneous:Pet Friendly: Yes
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Negotiable
  • Alternate Heat:Gas Fireplace: Yes
  • Location Tax and Other Information:Subdv ParcelLot: 5
  • General Property Description:Property Sub-Type: Single Family Residence
  • Outbuildings:Shed: Yes
  • Internal Features:Water Heater: Electric
  • Flooring:Carpet: Yes
  • Flooring:Wood3: Yes
  • DeckPatio:Deck and Patio: Yes
  • Siding:Concrete Composite: Yes
  • Flooring:Tile2: Yes
  • Siding:Shingle2: Yes
  • Miscellaneous Exclusions: FridgFreezer in shed
  • Ceiling:Beam: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Wood, Tile
  • Interior Amenities: Beamed Ceilings
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed
  • Patio And Porch Features: Deck
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: None

Utilities

  • Heating: Electric Wall Furn
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Electric Wall Furn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108BD-3400-00
  • Zoning: R-3 Residential

Tax Info

  • Tax Annual Amount: 4958.74
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2025
Sold by
Castello Del Mare Llc
Bought by
Patitz Kelly Marie
Current Estimated Value
$802,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,000
Outstanding Balance
$459,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$343,626

Purchase Details

Closed on
Mar 22, 2024
Sold by
Castello Del Mare Llc
Bought by
Patitz Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2022
Closed on
Aug 10, 2022
Sold by
Palmen-Kossow Trust
Bought by
Castello Del Mare Llc
Seller's Agent
Stacey Clendenin
Coldwell Banker Professional Group - Newport
Buyer's Agent
Amy Graham
Taylor & Taylor Realty Company
List Price
$825,000
Sold Price
$825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.87%
Original Mortgage
$325,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2020
Sold by
Kossow Kimberly Rae and Palmen Thomas J
Bought by
Kossow Kimberly R and Palmen Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,400
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2011
Sold by
Kossow Kimberly Rae and Kossow Kimberly R
Bought by
Kossow Kimberly Rae and Palmen Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Patitz Kelly Marie -- None Listed On Document
Patitz Kelly -- Western Title
Castello Del Mare Llc $825,000 Western Title
Kossow Kimberly R -- First American
Kossow Kimberly R -- None Available
Kossow Kimberly Rae -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patitz Kelly Marie $459,000
Previous Owner Patitz Kelly $342,000
Previous Owner Castello Del Mare Llc $325,000
Previous Owner Kossow Kimberly R $337,400
Previous Owner Kossow Kimberly Rae $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2024 10/22/24 Off Market $5,172 -- --
10/13/2024 10/13/24 Price Changed $5,172 -1.9% $2 / Sq Ft
10/08/2024 10/08/24 Off Market $5,272 -- --
10/05/2024 10/05/24 For Rent $5,272 0.0% --
10/05/2024 10/05/24 Price Changed $5,272 -8.6% $3 / Sq Ft
10/01/2024 10/01/24 For Rent $5,770 +7.4% --
09/26/2024 09/26/24 Price Changed $5,372 -5.3% $3 / Sq Ft
09/24/2024 09/24/24 Price Changed $5,672 0.0% $3 / Sq Ft
08/11/2022 08/11/22 Sold $825,000 0.0% $395 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $825,000 -- $395 / 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 $5,332 $295,480 -- --
2023 $5,206 $286,880 $0 $0
2022 $5,046 $278,530 $0 $0
2021 $4,959 $270,420 $0 $0
2020 $4,841 $262,550 $0 $0
2019 $4,634 $254,910 $0 $0
2018 $4,491 $247,490 $0 $0
2017 $4,451 $240,290 $0 $0
2016 $4,357 $233,300 $0 $0
2015 $4,040 $226,510 $0 $0
2014 $3,949 $219,920 $0 $0
2013 -- $213,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Stacey Clendenin

    Coldwell Banker Professional Group - Newport

  • A

    Seller Co-Listing Agent in 2022

    Alishia Smith

    Coldwell Banker Professional Group - Newport

  • Amy Graham

    Buyer's Agent in 2022

    Amy Graham

    Taylor & Taylor Realty Company

    (541) 992-1050

    396 Total Sales

    Amy Graham
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Map

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

MLS Number: 22-1233

APN: R477615

Oregon Lincoln County Newport 97365

502 SW 7th St, Newport, OR

This home is located at 502 SW 7th St, Newport, OR 97365 since 16 June 2022 and is currently estimated at $802,626, approximately $383 per square foot. This property was built in 1920. 502 SW 7th St is a home located in Lincoln County with nearby schools including Yaquina View Elementary School, Sam Case Elementary School, and Newport High School.

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