NOT LISTED FOR SALE

514 NE 3rd St Newport, OR 97365

Estimated Value: $361,000 - $461,428

4 Beds
2 Baths
1,350 Sq Ft
$308/Sq Ft Est. Value

Last Sold November 04, 2022

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

Est. 24% increase in value since last sale

Current estimated payment $2,438/month

6 Days on Market

Highlights

  • No HOA
  • Carpet
  • Heating Available
  • Shed

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

Realty One Group At The Beach, Newport 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

Parking

  • 1 Car Garage

Home Design

  • 1,350 Sq Ft Home
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Shed

Utilities

  • Heating Available
  • Natural Gas Not Available
  • Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Fredericksburg Subdivision

Listing and Financial Details

  • 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

Parking

1

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • 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.
  • Carport Y N: Yes
  • Unit Levels: One
  • Year Built: 1973
  • Attribution Contact: 541-265-8785
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Water Heater
  • Basement YN: No
  • Total Bedrooms: 4
  • Flooring: Carpet, Vinyl

Exterior Features

  • Waterfront: No
  • Construction Type: Concrete
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.0
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

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

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2737.35
  • Tax Lot: 1000
  • Tax Map Number: 111108AA
  • 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
Realty One Group At The Beach, Newport
List Price
$329,000
Sold Price
$335,000
Premium/Discount to List
$6,000
1.82%
Current Estimated Value
$416,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,143
Avg. Annual Appreciation
7.20%
Original Mortgage
$251,250
Outstanding Balance
$106,340
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$309,803

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $170,000
Previous Owner Grow Emerging Companies Llc $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
01/21/2017 01/21/17 Pending -- -- --
08/12/2016 08/12/16 For Sale $224,900 -- $167 / 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 $3,006 $168,000 -- --
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

    135 Total Sales

    Doretta Smith
    Section Image

  • J

    Buyer's Agent in 2022

    Janice MacDonald

    Realty One Group At The Beach, Newport

  • D

    Buyer Co-Listing Agent in 2022

    Dennis MacDonald

    Realty One Group At The Beach, Newport

See All Agents

Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-97361

Oregon Coast Multiple Listing Service

APN: R241430

Oregon Lincoln County Newport 97365

514 NE 3rd St, Newport, OR

Not Listed for Sale

MultiFamily

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.

Oregon Coast Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes