NOT LISTED FOR SALE

508 SW Abbey St Newport, OR 97365

Estimated Value: $356,000 - $422,000

2 Beds
2 Baths
1,092 Sq Ft
$370/Sq Ft Est. Value

Last Sold May 22, 2017

Last sale price $156,000 $143 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $2,420/month

41 Days on Market

Highlights

  • Living Room
  • 1 Car Garage
  • 4-minute walk to Yaquina Bay Lighthouse
  • Dining Room
  • Heating Available

About This Home

As of May 2017

Located between the historic Yaquina Bay Light House and Nye Beach, this townhouse is a short walk from the beach. It has newer laminate flooring, a fenced in yard great for pets and no HOA fees. When you purchase a townhouse, you take sole ownership of the home, the roof, and the land that lies below, and around it. This home would make a lovely full time residence or vacation rental.

Last Agent to Sell the Property

Matthew Murray

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #201205879 Listed on: 02/03/2017

Last Buyer's Agent

Fallback agent

Fall Back Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,874

Year Built

  • Built in 1997

Parking

  • 1 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,092 Sq Ft Home
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating Available
  • Natural Gas Not Available
  • Water Heater

Community Details

  • Newport Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111108CB-1300-00

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,874

Year Built

Built in 1997

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: Newport
  • Directions: South side of Newport, HWY 101, West on Abbey to corner of 6th
  • Architectural Style: Other
  • Garage Yn: Yes
  • Year Built: 1997
  • Attribution Contact: (541) 265-2200
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Water Heater
  • Basement YN: No
  • Total Bedrooms: 2
  • Flooring: Other
  • Window Features: Window Treatments

Exterior Features

  • Waterfront: No
  • Construction Type: Lap Siding
  • Foundation Details: Slab
  • Other Structures: None
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Attached Garage

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Not Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 111108CB-1300-00
  • Zoning: R-4 Residential

Tax Info

  • Tax Annual Amount: 2873.75
  • Tax Lot: 1300
  • Tax Map Number: 111108CB
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2017
Closed on
May 22, 2017
Sold by
Wunrow Timothy and Wunrow Madie
Bought by
Burns Richard and Burns Anne Marie
Seller's Agent
Matthew Murray
Advantage Real Estate
Buyer's Agent
Fallback agent
Fall Back Office
List Price
$168,000
Sold Price
$156,000
Premium/Discount to List
-$12,000
-7.14%
Current Estimated Value
$403,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,600
Avg. Annual Appreciation
11.70%
Original Mortgage
$140,400
Outstanding Balance
$116,200
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$287,400

Purchase Details

Listed on
Nov 12, 2015
Closed on
Dec 28, 2015
Sold by
Fannie Mae
Bought by
Wunrow Timothy and Wunrow Madie
Seller's Agent
Mary O'Connor
Coldwell Banker Professional Group - Lincoln City
Buyer's Agent
Jon Lynch
John L Scott Newport
List Price
$121,900
Sold Price
$100,000
Premium/Discount to List
-$21,900
-17.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.70%

Purchase Details

Closed on
May 19, 2015
Sold by
Hays Robert A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 12, 2015
Sold by
Everbank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 10, 2008
Sold by
Hays Robert A
Bought by
Hays Robert A and Robert A Hays Trust

Purchase Details

Closed on
May 18, 2006
Sold by
Hays Robert A
Bought by
Hays Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,168
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac
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
Burns Richard $156,000 Western Title & Escrow
Wunrow Timothy $100,000 Multiple
Federal National Mortgage Association $232,792 Wte
Federal National Mortgage Association $232,792 Wte
Hays Robert A -- None Available
Hays Robert A -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Richard $140,400
Previous Owner Hays Robert A $122,168
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2017 05/22/17 Sold $156,000 -7.1% $143 / Sq Ft
03/16/2017 03/16/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $168,000 +68.0% $154 / Sq Ft
12/31/2015 12/31/15 Sold $100,000 -18.0% $92 / Sq Ft View Prior Sale
12/18/2015 12/18/15 Pending -- -- --
11/12/2015 11/12/15 For Sale $121,900 -- $112 / Sq Ft
Source: Oregon Coast Multiple Listing Service

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
2025 $3,591 $200,720 -- --
2024 $3,516 $194,880 -- --
2023 $3,434 $189,210 $0 $0
2022 $3,328 $183,700 $0 $0
2021 $3,270 $178,350 $0 $0
2020 $3,193 $173,160 $0 $0
2019 $3,056 $168,120 $0 $0
2018 $2,962 $163,230 $0 $0
2017 $2,936 $158,480 $0 $0
2016 $2,874 $153,870 $0 $0
2015 $2,664 $149,390 $0 $0
2014 $2,604 $145,040 $0 $0
2013 -- $144,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Matthew Murray

    Advantage Real Estate

  • F

    Buyer's Agent in 2017

    Fallback agent

    Fall Back Office

  • M

    Seller's Agent in 2015

    Mary O'Connor

    Coldwell Banker Professional Group - Lincoln City

  • J

    Buyer's Agent in 2015

    Jon Lynch

    John L Scott Newport

See All Agents

Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-80777

Oregon Coast Multiple Listing Service

APN: R257836

Oregon Lincoln County Newport 97365

508 SW Abbey St, Newport, OR

Not Listed for Sale

Townhouses

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