NOT LISTED FOR SALE

514 NE 3rd St Newport, OR 97365

Estimated Value: $352,000 - $450,000

4 Beds
2 Baths
1,350 Sq Ft
$289/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $335,000 $248 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,422/month

6 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 1 Car Garage
  • Shed
  • Electric Baseboard Heater
  • Carpet

About This Home

As of November 2022

Conveniently-located duplex in the heart of Newport close to schools, shopping & restaurants. Roof, gutters, siding, windows, carport/storage, refrigerators, ovens, microwave hoods, cabinets, counters & vanities all updated in recent years. One unit has full-sized stacked washer & dryer. There's room for another carport. Front and back yards are fenced. Commercial zoning. Good rental history. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Doretta Smith

Martek Real Estate Brokerage Phone: 541-265-8785 License #200707030 Listed on: 09/18/2022

Last Buyer's Agent

Janice MacDonald

Better Homes and Gardens Realty Partners License #200504081

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,737

Year Built

  • Built in 1973

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 100 x 50

Home Design

  • Duplex
  • Composition Roof
  • Concrete Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Car Garage
  • 4 Open Parking Spaces
  • Carport

Outdoor Features

  • Shed

Utilities

  • Electric Baseboard Heater
  • Natural Gas Not Available
  • Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Fredericksburg Subdivision

Listing and Financial Details

  • Tax Lot 1 & pt of 2
  • Assessor Parcel Number 111108AA-1000-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,737

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Dwelling
  • Prop. Type: Multi-Dwelling
  • Road Frontage Type: None
  • Lot Size Acres: 0.11
  • Lot Size: 100 x 50
  • Lot Size Sq Ft: 4791.6
  • Road Surface Type: Paved
  • Subdivision Name: Fredericksburg
  • Directions: Corner of NE 3rd & Eads St. across from Newport High School.
  • Architectural Style: Duplex
  • Garage Yn: Yes
  • Year Built: 1973
  • Attribution Contact: 541-265-8785
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • Contract Information:_three_rd Party Approval: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.11
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 1000
  • General Property Description:Total Bedrooms: 4
  • General Property Description:Total Bathrooms: 2.0
  • General Property Description:Levels: One
  • General Property Description:Style: Duplex
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Sewer:City3: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • General Property Description:Lot Dimensions: 100 x 50
  • Location Tax and Other Information:Subdv ParcelLot: 1 & pt of 2
  • Outbuildings:Shed: Yes
  • Flooring:Vinyl2: Yes
  • Alternate Heat:None7: Yes
  • Flooring:Carpet: Yes
  • Siding:Concrete Composite: Yes
  • HeatingCooling:Baseboard - Electric: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 4
  • Flooring: Carpet, Vinyl

Exterior Features

  • View: None
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: None
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4.0
  • General Property Description:Garage Type: Carport
  • General Property Description:Garage Stall: 1
  • External Features:Parking Spaces: 4.0

Utilities

  • Utilities: Electricity Available, Natural Gas Not Available
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108AA-1000-00
  • Zoning: C-3 Highway (Heavy)
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2737.35
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2022
Closed on
Nov 2, 2022
Sold by
Templeton Hunter Bradley
Bought by
Brandberg Cari and Reilly-Chase Cody
Seller's Agent
Doretta Smith
Martek Real Estate
Buyer's Agent
Janice MacDonald
Better Homes and Gardens Realty Partners
List Price
$329,000
Sold Price
$335,000
Premium/Discount to List
$6,000
1.82%
Current Estimated Value
$390,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,733
Avg. Annual Appreciation
9.55%
Original Mortgage
$251,250
Outstanding Balance
$140,249
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$285,185

Purchase Details

Listed on
Aug 12, 2016
Closed on
Mar 19, 2017
Sold by
Grow Emerging Companies Llc
Bought by
Templeton Hunter Bradley
Seller's Agent
Doretta Smith
Martek Real Estate
Buyer's Agent
Doretta Smith
Martek Real Estate
List Price
$224,900
Sold Price
$200,000
Premium/Discount to List
-$24,900
-11.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$170,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2015
Sold by
Terra Maria
Bought by
Grow Emerging Companies Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2015
Sold by
Zaske Elaine I
Bought by
Pinheiro Joe and Terra Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Brandberg Cari $335,000 Western Title
Templeton Hunter Bradley $200,000 Western Title & Escrow
Grow Emerging Companies Llc $110,000 Western Title & Escrow
Pinheiro Joe -- Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brandberg Cari $251,250
Previous Owner Templeton Hunter Bradley $230,300
Previous Owner Templeton Hunter Bradley $170,000
Previous Owner Grow Emerging Companies Llc $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $335,000 +1.8% $248 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
09/18/2022 09/18/22 For Sale $329,000 +64.5% $244 / Sq Ft
03/23/2017 03/23/17 Sold $200,000 -11.1% $148 / Sq Ft
01/21/2017 01/21/17 Pending -- -- --
08/12/2016 08/12/16 For Sale $224,900 -- $167 / 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 $2,943 $163,110 -- --
2023 $2,874 $158,360 $0 $0
2022 $2,785 $153,750 $0 $0
2021 $2,737 $149,280 $0 $0
2020 $2,673 $144,940 $0 $0
2019 $2,558 $140,720 $0 $0
2018 $2,479 $136,630 $0 $0
2017 $2,347 $126,670 $0 $0
2016 $2,478 $132,660 $0 $0
2015 $2,297 $128,800 $0 $0
2014 -- $125,610 $0 $0
2013 -- $114,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Doretta Smith

    Seller's Agent in 2022

    Doretta Smith

    Martek Real Estate

    (541) 961-6688

    148 Total Sales

    Doretta Smith
    Section Image

  • J

    Buyer's Agent in 2022

    Janice MacDonald

    Better Homes and Gardens Realty Partners

  • D

    Buyer Co-Listing Agent in 2022

    Dennis MacDonald

    Better Homes and Gardens Realty Partners

See All Agents

Map

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

MLS Number: 22-2034

APN: R241430

Oregon Lincoln County Newport 97365

514 NE 3rd St, Newport, OR

This home is located at 514 NE 3rd St, Newport, OR 97365 since 18 September 2022 and is currently estimated at $390,733, approximately $289 per square foot. This property was built in 1973. 514 NE 3rd St is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

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