$500,000
SOLD DEC 17, 2024

551 SW 3rd St Newport, OR 97365

3 Beds
2 Baths
1,226 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$408 Per Sq Ft

Highlights

  • Deck
  • Furnished
  • Attached Garage
  • Traditional Architecture
  • No HOA
  • 1-minute walk to Ocean Shore State Recreation Area

About This Home

As of December 2024

**Statical purposed only** 3 spacious bedrooms adorned with wall-to-wall carpet, you'll find a cozy haven to unwind after a day in the sun. The large living room, complete with a gas fireplace, large newer windows and new laminate hardwood floors, invites relaxation and gatherings with friends and family. The open dining area seamlessly connects to the living room and kitchen, enhancing the flow of the home and making entertaining a breeze.

Last Agent to Sell the Property

Out of Area

OUT OF AREA Listed on: 12/27/2024

Last Buyer's Agent

Michele Hallmark

Coldwell Banker Professional Group - Newport License #201235221

Coldwell Banker Professional Group - Newport

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,164

Year Built

  • Built in 1962

Lot Details

  • 7,841 Sq Ft Lot
  • Property is zoned R-3 Residential

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,226 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Gas Fireplace
  • Window Treatments
  • Dining Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Electricity To Lot Line
  • Gas Water Heater

Community Details

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

Listing and Financial Details

  • Tax Lot 701
  • Assessor Parcel Number 111108BC-701-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,164

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.8
  • Road Surface Type: Paved
  • Subdivision Name: Bayley and Case's
  • Directions: HWY 101 TO SW 2ND TOWARDS OCEAN, ANGLE ON TO 3RD
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Year Built: 1962
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.18
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 701
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 2.0
  • General Property Description:Levels: One
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Property Sub-Type: Single Family Residence
  • Internal Features:Water Heater: Gas
  • Flooring:Vinyl2: Yes
  • Flooring:Carpet: Yes
  • DeckPatio:Deck and Patio: Yes
  • Siding:Wood: Yes
  • General Property Description Senior Community YN: No
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Window Features: Window Coverings

Exterior Features

  • View: None
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • General Property Description:Garage Type: Attached

Utilities

  • Heating: Ductless Heat Pump
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Ductless Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108BC-701-00
  • Zoning: R-3 Residential

Tax Info

  • Tax Annual Amount: 4163.87
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2024
Closed on
Nov 20, 2024
Sold by
Perry N Johnston N and Perry Cynthia M
Bought by
Ricci Jennifer
Seller's Agent
Out of Area
OUT OF AREA
Buyer's Agent
Michele Hallmark
Coldwell Banker Professional Group - Newport
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$512,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,412
Avg. Annual Appreciation
2.67%
Original Mortgage
$450,000
Outstanding Balance
$446,003
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$66,409

Purchase Details

Closed on
Mar 24, 2008
Sold by
Johnston Perry N and Johnston Cynthia M
Bought by
Johnston Perry N and Johnson Cynthia M
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 Type Sale Price Title Company
Warranty Deed $500,000 Western Title
Warranty Deed $500,000 Western Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Closed $450,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2024 12/27/24 For Sale $500,000 0.0% $408 / Sq Ft
12/26/2024 12/26/24 Pending -- -- --
12/17/2024 12/17/24 Sold $500,000 0.0% $408 / Sq Ft
12/17/2024 12/17/24 Sold $500,000 0.0% $408 / Sq Ft View Prior Sale
10/28/2024 10/28/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $500,000 -- $408 / 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 $4,264 $236,320 -- --
2023 $4,164 $229,440 $0 $0
2022 $4,036 $222,760 $0 $0
2021 $3,966 $216,280 $0 $0
2020 $3,872 $209,990 $0 $0
2019 $3,706 $203,880 $0 $0
2018 $3,592 $197,950 $0 $0
2017 $3,560 $192,190 $0 $0
2016 $3,485 $186,600 $0 $0
2015 $3,231 $181,170 $0 $0
2014 $3,158 $175,900 $0 $0
2013 -- $170,780 $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: 24-2599

APN: R264954