NOT LISTED FOR SALE

507 NW Alpine St Unit 303 Newport, OR 97365

Nye Beach Neighborhood

Estimated Value: $451,000 - $757,000

2 Beds
3 Baths
1,173 Sq Ft
$568/mo HOA Fee

Last Sold February 21, 2024

Last sale price $690,000 $588 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,388/month

22 Days on Market

Highlights

  • Ocean Front
  • Vaulted Ceiling
  • Patio
  • Deck
  • Furnished
  • 1-minute walk to Sam Moore Parkway

About This Home

As of February 2024

Oceanfront turn-key, fully furnished vacation rental with 2 bedrooms and 3 baths. Remarkable location in the heart of Nye Beach, close to restaurants, shops, dining, preforming arts center and the beach. This Condo has an elevator and once on the third floor you get the best views and on grade entrance to main level living. Wonderful floorplan w/separate lockable one bedroom, one bath suite, if desired. Spotless and beautifully furnished and updated with luxury vinyl plank flooring, granite counter tops and a covered patio to enjoy watching the surf. Currently managed by Sweet homes, this vacation rental makes over 40K per year. C-2 Zoning Allows new owner to assume rentals and apply for an immediate new license. Looking for a 1031 Exchange property before the end of 2023, this is it! Elevator, Laundry onsite, Gated Entrance.

Last Agent to Sell the Property

Audra Powell

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #200404265 Listed on: 12/10/2023

Last Buyer's Agent

Sherry Meek

Martek Real Estate License #201247329

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,433

Year Built

  • Built in 1984

HOA Fees

  • $568 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Composition Roof
  • Concrete Siding
  • T111 Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,173 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Electric Fireplace
  • Window Treatments
  • Living Room
  • Carpet
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Zoned Cooling
  • Heating Available
  • Electricity To Lot Line
  • Natural Gas Not Available
  • Water Heater

Additional Features

  • Accessible Elevator Installed
  • Ocean Front

Listing and Financial Details

  • Exclusions: See Private Remarks
  • Tax Lot 111105CC9501900
  • Assessor Parcel Number 111105CC-95019-00

Community Details

Overview

  • Association fees include trash, sewer, insurance, water
  • Daniel Mcdonald Association, Phone Number (541) 867-7111
  • Secondary HOA Phone (541) 867-7111
  • Nye Sands Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,433

Year Built

Built in 1984

Lot Details

0

HOA Fees

$568 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominiums
  • Road Frontage Type: Oceanfront
  • Road Surface Type: Paved
  • Exclusions: See Private Remarks
  • Subdivision Name: Nye Sands Condo
  • Directions: Directly N of Nye Beach Turn around. Nye Sands Condos unit #303. Coast St. to Beach, left on Alpine to complex. December Gate code:
  • Architectural Style: Condo
  • Garage Yn: No
  • Year Built: 1984
  • Attribution Contact: (541) 265-2200
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: Ocean
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 95019
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 3.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Condo
  • Miscellaneous:Pet Friendly: Yes
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • Location Tax and Other Information:Subdv ParcelLot: 111105CC9501900
  • Internal Features:Water Heater: Electric
  • Gas:None6: Yes
  • Foundation:Slab: Yes
  • Ceiling:Vaulted: Yes
  • Alternate Heat:Electric Fireplace: Yes
  • Flooring:Carpet: Yes
  • Siding:T1-11: Yes
  • DeckPatio:Deck and Patio: Yes
  • Siding:Concrete Composite: Yes
  • Handicap Features:ElevatorChair Lift: Yes
  • Miscellaneous Exclusions: See Private Remarks
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Flooring: Other, Carpet
  • Interior Amenities: Vaulted Ceiling(s)
  • Window Features: Window Coverings
  • Foundation Other: Yes

Exterior Features

  • View: Ocean
  • Foundation Details: Concrete Perimeter, Other, Slab
  • Other Structures: None
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0

Utilities

  • Heating: Electric Wall/Zone, Electric
  • Heating Yn: Yes
  • Utilities: Natural Gas Not Available
  • Water Source: City
  • HeatingCooling:Electric WallZone: Yes
  • HeatingCooling:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 568.0
  • Association Fee Frequency: Monthly
  • Phone: 541-867-7111
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Garbage - Unit: Yes
  • Association Fee Inclusions:Insurance - General: Yes
  • Association Fee Inclusions:Sewer - Unit: Yes
  • Association Fee Inclusions:Water - Unit: Yes
  • Association Fee Inclusions:Maintenance - Common Area: Yes
  • Association Fee Inclusions:Property Tax - Common Area: Yes
  • Association Fee Inclusions:Reserves: Yes
  • Association Fee Inclusions:Other11: Gate/Laundry/Elevator.
  • CondoAssociation:CondoAssoc Fee (MQY): Monthly
  • CondoAssociation:Assoc Contact Name: Daniel McDonald
  • CondoAssociation:Assoc Contact Phone: 5418677111

Fee Information

  • Association Fee Includes: Other, Trash, Sewer, Insurance, Water

Lot Info

  • Parcel #: 111105CC-95019-00
  • Zoning: C-2 General Commercial

Tax Info

  • Tax Annual Amount: 4433.44
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2023
Closed on
Feb 13, 2024
Sold by
Laven Arne and Laven Sudha
Bought by
Brady Floyd
Seller's Agent
Audra Powell
Advantage Real Estate
Buyer's Agent
Sherry Meek
Martek Real Estate
List Price
$698,000
Sold Price
$690,000
Premium/Discount to List
-$8,000
-1.15%
Views
60
Current Estimated Value
$626,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,394
Avg. Annual Appreciation
-5.94%
Original Mortgage
$315,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2017
Closed on
Jul 27, 2017
Sold by
Yeats Robert S and Yeats Angela M
Bought by
Laven Arne and Laven Sudha
Seller's Agent
K. Kier
Advantage Real Estate
Buyer's Agent
Audra Powell
Advantage Real Estate
List Price
$325,000
Sold Price
$295,000
Premium/Discount to List
-$30,000
-9.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.81%
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
Brady Floyd $690,000 Western Title
Laven Arne $295,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brady Floyd $326,200
Closed Brady Floyd $315,000
Previous Owner Yeats Robert S $89,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2024 02/21/24 Sold $690,000 -1.1% $588 / Sq Ft
01/01/2024 01/01/24 Pending -- -- --
12/09/2023 12/09/23 For Sale $698,000 +136.6% $595 / Sq Ft
07/28/2017 07/28/17 Sold $295,000 -9.2% $251 / Sq Ft
07/13/2017 07/13/17 Pending -- -- --
02/11/2017 02/11/17 For Sale $325,000 -- $277 / 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 $4,685 $259,620 -- $259,620
2023 $4,574 $252,060 $0 $0
2022 $4,433 $244,720 $0 $0
2021 $4,357 $237,600 $0 $0
2020 $4,254 $230,680 $0 $0
2019 $4,071 $223,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Audra Powell

    Seller's Agent in 2024

    Audra Powell

    Advantage Real Estate

    (541) 270-3909

    7 in this area

    118 Total Sales

    Section Image

  • S

    Buyer's Agent in 2024

    Sherry Meek

    Martek Real Estate

    Section Image

  • K

    Seller's Agent in 2017

    K. Kier

    Advantage Real Estate

    (541) 265-2200

    2 in this area

    65 Total Sales

    Section Image
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Map

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

MLS Number: 23-2233

APN: R151847

Oregon Lincoln County Newport 97365 Nye Beach

507 NW Alpine St Unit 303, Newport, OR

This home is located at 507 NW Alpine St Unit 303, Newport, OR 97365 since 10 December 2023 and is currently estimated at $630,614, approximately $537 per square foot. This property was built in 1984. 507 NW Alpine St Unit 303 is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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