NOT LISTED FOR SALE

525 SW Alder St Newport, OR 97365

Estimated Value: $504,000 - $634,000

2 Beds
2 Baths
1,376 Sq Ft
$407/Sq Ft Est. Value

Last Sold January 25, 2018

Last sale price $232,000 $169 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $3,420/month

34 Days on Market

Highlights

  • Ocean View
  • Vaulted Ceiling
  • 2 Car Detached Garage
  • Deck
  • No HOA
  • 5-minute walk to Mombetsu sister city park

About This Home

As of January 2018

Perfect first time home or beach getaway just a half block to the south end of Nye Beach with wonderful restaurants and shops. This cozy home has open living, dining & kitchen on the upper floor with a fireplace and large ocean view deck to enjoy the sunsets. Lower level bedrooms have their own deck access just steps from the double garage and large yard. Don't miss this great opportunity in the heart of Newport!

Last Agent to Sell the Property

Char Brown

At the Beach Real Estate License #910500041 Listed on: 12/07/2017

Last Buyer's Agent

Sandra George

Windermere WCP Real Estate Gallery

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,368

Year Built

  • Built in 1968

Lot Details

  • 0.25 Acre Lot
  • Property is zoned R-3 Residential

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • HardiePlank Siding
  • Cedar Siding

Interior Spaces

  • 1,376 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Window Treatments
  • Ocean Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Zoned Cooling
  • Electric Baseboard Heater
  • Electricity To Lot Line
  • Water Heater

Community Details

  • No Home Owners Association
  • Bayley And Case's Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 12
  • Assessor Parcel Number 111108BD-1600-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,368

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.25
  • Lot Size: 11,003 Sq ft
  • Lot Size Sq Ft: 10890.0
  • Road Surface Type: Paved
  • Subdivision Name: Bayley and Case's
  • Directions: Hwy 101, west on Olive, south on High St, cross 2nd to Alder, 2nd house on left up gravel drive.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 1968
  • Contract Information:BankLender Owned: Yes
  • Contract Information:Short Sale: No
  • Contract Information:_three_rd Party Approval: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.25
  • Location Tax and Other Information:Tax Lot: 1600
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 1.5
  • General Property Description:Levels: Two
  • General Property Description:Style: Two Story
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • General Property Description:Lot Dimensions: 11,003 Sq ft
  • Location Tax and Other Information:Subdv ParcelLot: 12
  • Ceiling:Vaulted: Yes
  • Siding:Cedar: Yes
  • Alternate Heat:Fireplace: Yes
  • Siding:Hardi Plank: Yes
  • Sewer:City Property2: Yes
  • Miscellaneous Possession: Closing
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Fireplace Features: Wood-burning Fireplace
  • Fireplace: Yes
  • Interior Amenities: Vaulted Ceiling(s)
  • Window Features: Window Coverings

Exterior Features

  • View: Ocean
  • Foundation Details: Cont/Con
  • Patio And Porch Features: Deck
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: Detached
  • General Property Description:Garage Stall: 2

Utilities

  • Heating: Electric Wall/Zone, Fireplace(s)
  • Heating Yn: Yes
  • Water Source: City Property
  • HeatingCooling:Electric WallZone: Yes
  • HeatingCooling:Electric Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108BD-1600-00
  • Zoning: R-3 Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4367.67
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2017
Closed on
Jan 23, 2018
Sold by
The Secretoery Of Veterans Afairs
Bought by
Clark Brent R and Casterlook Emily L
Seller's Agent
Char Brown
At the Beach Real Estate
Buyer's Agent
Sandra George
Windermere WCP Real Estate Gallery
List Price
$209,000
Sold Price
$232,000
Premium/Discount to List
$23,000
11%
Total Days on Market
34
Current Estimated Value
$560,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,648
Avg. Annual Appreciation
12.37%
Original Mortgage
$208,800
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2017
Sold by
Usaa Federal Savings Bank
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
May 13, 2017
Sold by
Taylor Sylvia L
Bought by
Usaa Federal Savings Bank
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
Clark Brent R $232,000 None Available
Secretary Of Veterans Affairs -- Wte
Usaa Federal Savings Bank $225,614 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Brent R $200,876
Closed Clark Brent R $203,200
Closed Clark Brent R $208,800
Previous Owner Taylor Thomas L $229,500
Previous Owner Taylor Thomas L $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2018 01/25/18 Sold $232,000 +11.0% $169 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
11/08/2017 11/08/17 For Sale $209,000 -- $152 / 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 $5,345 $296,200 -- --
2023 $5,219 $287,580 $0 $0
2022 $5,058 $279,210 $0 $0
2021 $4,971 $271,080 $0 $0
2020 $4,853 $263,190 $0 $0
2019 $4,645 $255,530 $0 $0
2018 $4,502 $248,090 $0 $0
2017 $4,462 $240,870 $0 $0
2016 $4,368 $233,860 $0 $0
2015 $4,049 $227,050 $0 $0
2014 $3,958 $220,440 $0 $0
2013 -- $214,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 17-3033

APN: R432781