NOT LISTED FOR SALE

533 SW 34th St Lincoln City, OR 97367

Nelscott Beach Neighborhood

Estimated Value: $327,000 - $390,000

2 Beds
2 Baths
1,275 Sq Ft
$277/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $345,000 $271 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,061/month

344 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • 1-Story Property
  • High Speed Internet
  • Wood Siding

About This Home

As of September 2023

Great cottage duplex in heart of Nelscott(531-533 SW 34th). One block to public beach access. One 2B/1B and one 1B/1B. Live in one side and rent out the other - (NOT a vacation rental). Shown by appt. only - please contact your agent. Come live / invest at the beach.

Last Agent to Sell the Property

Steve Rutherford

Taylor & Taylor Realty Co. License #850600162 Listed on: 08/06/2022

Last Buyer's Agent

Debra Williams

Taylor & Taylor Realty Co. License #860200161

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,966

Year Built

  • Built in 1935

Lot Details

  • Level Lot

Parking

  • Open Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,275 Sq Ft Home
  • 1-Story Property

Schools

  • Oceanlake Elementary School
  • Taft Middle School
  • Taft High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R441310

Community Details

Overview

  • 2 Units
  • Property managed by Torrance

Building Details

  • Operating Expense $4,000
  • Gross Income $19,200
  • Net Operating Income $1,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,966

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1935
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter, PillarPostPier
  • View: No
  • Lot Features: Level, OceanBeachOneQuarterMileOrLess
  • Road Surface Type: Paved
  • Disclosures: Disclosure

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,DSL
  • Security: Unknown
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Torrance

Schools

  • Elementary School: Oceanlake
  • High School: Taft
  • Middle Or Junior School: Taft

Lot Info

  • Zoning: RM
  • Parcel #: R441310

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 1965.57

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 18.43
  • Annual Gross Income: 19200.0
  • Property Net Operating Income: 1920.0
  • Annual Operating Expense: 4000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2009
Sold by
The Ellingson Family Partnership
Bought by
Torrance Glen M and Torrance Ellen J
Current Estimated Value
$352,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$66,223
Interest Rate
5.2%
Mortgage Type
Seller Take Back
Estimated Equity
$308,942
Source: Public Records

Range of Values:

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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
Torrance Glen M $120,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torrance Glen M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $345,000 -8.9% $271 / Sq Ft
07/15/2023 07/15/23 Pending -- -- --
06/23/2023 06/23/23 Price Changed $378,876 +1.0% $297 / Sq Ft
06/09/2023 06/09/23 Price Changed $375,000 -6.2% $294 / Sq Ft
03/10/2023 03/10/23 Price Changed $399,999 -10.9% $314 / Sq Ft
01/01/2023 01/01/23 For Sale $449,000 +30.1% $352 / Sq Ft
09/02/2022 09/02/22 Off Market $345,000 -- --
08/16/2022 08/16/22 For Sale $449,000 0.0% $352 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $449,000 -- $352 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $2,183 $128,020 -- --
2023 $2,123 $124,300 $0 $0
2022 $2,063 $120,680 $0 $0
2021 $1,966 $117,170 $0 $0
2020 $1,920 $113,760 $0 $0
2019 $1,855 $110,450 $0 $0
2018 $1,813 $107,240 $0 $0
2017 $1,735 $104,120 $0 $0
2016 $1,628 $101,090 $0 $0
2015 $1,591 $98,150 $0 $0
2014 $1,551 $95,300 $0 $0
2013 -- $92,530 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Rutherford

    Seller's Agent in 2023

    Steve Rutherford

    Taylor & Taylor Realty Co.

    (503) 334-9178

    4 in this area

    72 Total Sales

    Steve Rutherford
    Section Image
  • Debra Williams

    Buyer's Agent in 2023

    Debra Williams

    Taylor & Taylor Realty Co.

    (503) 544-1190

    17 in this area

    153 Total Sales

    Debra Williams
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22220524

Regional Multiple Listing Service (RMLS)

APN: R441310

Oregon Lincoln County Lincoln City 97367 Nelscott Beach

533 SW 34th St, Lincoln City, OR

This home is located at 533 SW 34th St, Lincoln City, OR 97367 since 06 August 2022 and is currently estimated at $352,719, approximately $276 per square foot. This property was built in 1935. 533 SW 34th St is a home located in Lincoln County with nearby schools including Taft Elementary School, Oceanlake Elementary School, and Taft High School.

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