NOT LISTED FOR SALE

516 Main Ave Tillamook, OR 97141

Estimated Value: $499,514

4 Beds
4 Baths
3,600 Sq Ft
$139/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $500,000 $139 Per Sq Ft

Current estimated payment $2,861/month

6 Days on Market

Highlights

  • City View
  • 3 Car Attached Garage
  • Heat Pump System
  • Corner Lot
  • Cooling Available

About This Home

As of August 2024

Welcome to this versatile mixed-use property offering endless possibilities! Currently configured as three separate living spaces, the middle unit has historically been a commercial space, presenting a unique opportunity for your business endeavors. Attached to this unit is a spacious shop, ideal for a variety of commercial or residential uses. The other two units have been successfully rented, with one tenant recently vacating, providing an excellent opportunity to secure a market-value lease. Whether you're looking to invest, start a business, or find a new home, this property's flexible layout can accommodate your vision. Don't miss out on this exceptional opportunity!

Last Agent to Sell the Property

Catherine Lewis

Keller Williams Sunset Corridor Brokerage Email: catherine@orcoastrealty.com License #201211298 Listed on: 05/29/2024

Keller Williams Sunset Corridor

Co-Listed By

Sierra Lauder

Keller Williams Sunset Corridor Brokerage Email: catherine@orcoastrealty.com License #201231594

Last Buyer's Agent

Steph Poppe

Rob Trost Real Estate LLC License #201106063

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,435

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Converted Dwelling
  • Slab Foundation
  • Composition Roof
  • Metal Roof
  • Plywood Siding Panel T1-11
  • Vinyl Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property
  • City Views

Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Schools

  • Tillamook Middle School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes electricity, heat, sewer, water
  • Assessor Parcel Number 122600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,435

Year Built

Built in 1910

Lot Details

5,227 Sq Ft Lot

Parking

3

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1910
  • Property Condition: Converted
  • Property Attached Yn: No
  • Current Price For Status: 500000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, Finished, FullBasement
  • Storage: Attached,Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding,VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition, Metal
  • View: City

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Tillamook

Lot Info

  • Zoning: TM-C-C
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: 122600

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Heat, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 2435.28

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Jul 24, 2024
Sold by
Randles William S and Randles Cindy A
Bought by
Teninty Donald J
Seller's Agent
Catherine Lewis
Keller Williams Sunset Corridor
Buyer's Agent
Steph Poppe
Rob Trost Real Estate LLC
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Views
26
Current Estimated Value
$499,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$486
Avg. Annual Appreciation
-0.07%
Original Mortgage
$375,000
Outstanding Balance
$369,408
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$130,106

Purchase Details

Closed on
Dec 7, 2015
Sold by
Hahn Adam R and Hahn Janet K
Bought by
Randles William S and Randles Cindy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.83%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Teninty Donald J $500,000 Ticor Title
Randles William S $190,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teninty Donald J $375,000
Previous Owner Randles William S $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2024 08/23/24 Sold $500,000 -9.1% $139 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $550,000 -- $153 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $3,452 $285,370 $115,830 $169,540
2024 $2,458 $207,770 $112,460 $95,310
2023 $2,435 $201,720 $109,190 $92,530
2022 $2,352 $195,850 $106,010 $89,840
2021 $2,283 $190,150 $102,920 $87,230
2020 $2,221 $184,620 $99,910 $84,710
2019 $2,164 $179,250 $96,990 $82,260
2018 $2,109 $174,030 $94,170 $79,860
2017 $2,056 $168,970 $91,440 $77,530
2016 $1,985 $164,580 $91,440 $73,140
2015 $2,030 $166,840 $91,440 $75,400
2014 $2,043 $165,780 $89,950 $75,830
2013 -- $160,960 $87,340 $73,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24288442

Regional Multiple Listing Service (RMLS)

APN: R0122600

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