NOT LISTED FOR SALE

551 SW 4th St Newport, OR 97365

Estimated Value: $336,332 - $458,000

3 Beds
1 Bath
1,092 Sq Ft
$355/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $200,000 $183 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,251/month

305 Days on Market

Highlights

  • Ocean View
  • Cottage
  • Living Room
  • No HOA
  • Cooling Available
  • 4-minute walk to Coast Park

About This Home

As of August 2017

Looking for an oceanview fixer on almost half an acre IN Newport?? This property is on 4 tax lots less than 300 feet to the Oceanfront and Beach access. Home needs major repairs or tear down and rebuild. R4 zoning allows for development. Close to Nye Beach and Restaurants! Owner may carry contract-submit offers!

Last Agent to Sell the Property

Amy Graham

Taylor & Taylor Realty Company License #200310128 Listed on: 10/24/2016

Co-Listed By

Ann Irvin

Taylor & Taylor Realty Company License #201213963

Last Buyer's Agent

Jana Westhusing

Martek Real Estate License #201213839

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,520

Year Built

  • Built in 1935

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 200 x 100
  • Property is zoned R-4 Residential

Home Design

  • Cottage
  • Composition Roof

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Parking

  • 1 Car Garage
  • Carport

Utilities

  • Cooling Available
  • Heating Available
  • Electricity To Lot Line
  • Gas Available at Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9-12
  • Assessor Parcel Number 111108BC-3100-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,520

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.44
  • Lot Size: 200 x 100
  • Lot Size Sq Ft: 19166.4
  • Road Surface Type: Gravel
  • Directions: Hwy 101 to SW 4th to property
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Year Built: 1935
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: Ocean
  • General Property Description:_pound_ of Acres: 0.44
  • Location Tax and Other Information:Tax Lot: 3100 +
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: One
  • General Property Description:Style: Cottage
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Sewer:City3: Yes
  • General Property Description:Lot Dimensions: 200 x 100
  • Location Tax and Other Information:Subdv ParcelLot: 9-12
  • General Property Description:Property Sub-Type: Single Family Residence
  • Miscellaneous Possession: COE
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • View: Ocean
  • Foundation Details: Cont/Con
  • Roof: Composition

Garage/Parking

  • General Property Description:Garage Type: Carport
  • General Property Description:Garage Stall: 1

Utilities

  • Heating: Electric
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108BC-3100-00
  • Zoning: R-4 Residential

Tax Info

  • Tax Annual Amount: 3519.58
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2016
Closed on
Aug 30, 2017
Sold by
Perna Allen T
Bought by
Varghese Maniyamma and Varghese Roy
Seller's Agent
Amy Graham
Taylor & Taylor Realty Company
Buyer's Agent
Jana Westhusing
Martek Real Estate
List Price
$299,000
Sold Price
$200,000
Premium/Discount to List
-$99,000
-33.11%
Current Estimated Value
$387,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,833
Avg. Annual Appreciation
8.49%

Purchase Details

Closed on
Nov 14, 2014
Sold by
551 New Port Llc
Bought by
Perna Allen T

Purchase Details

Closed on
Sep 23, 2011
Sold by
Pacific Land & Cattle Llc
Bought by
551 New Port Llc

Purchase Details

Closed on
Jan 16, 2007
Sold by
High Street Cottages Llc
Bought by
Nelson Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Varghese Maniyamma $200,000 Western Title & Escrow
Perna Allen T -- None Available
551 New Port Llc -- None Available
Nelson Scott $339,000 Wte
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson Scott $271,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2017 08/31/17 Sold $200,000 -33.1% $183 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
10/24/2016 10/24/16 For Sale $299,000 -- $274 / 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 $2,339 $129,620 -- --
2023 $2,284 $125,850 $0 $0
2022 $2,049 $113,080 $0 $0
2021 $1,823 $99,440 $0 $0
2020 $1,701 $92,260 $0 $0
2019 $1,860 $102,330 $0 $0
2018 $1,700 $93,660 $0 $0
2017 $2,034 $109,790 $0 $0
2016 $1,991 $106,600 $0 $0
2015 $1,846 $103,500 $0 $0
2014 $1,804 $100,490 $0 $0
2013 -- $97,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Graham

    Seller's Agent in 2017

    Amy Graham

    Taylor & Taylor Realty Company

    (541) 992-1050

    396 Total Sales

    Amy Graham
    Section Image

  • A

    Seller Co-Listing Agent in 2017

    Ann Irvin

    Taylor & Taylor Realty Company

  • J

    Buyer's Agent in 2017

    Jana Westhusing

    Martek Real Estate

See All Agents

Map

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

MLS Number: 16-3055

APN: R297967

Oregon Lincoln County Newport 97365

551 SW 4th St, Newport, OR

This home is located at 551 SW 4th St, Newport, OR 97365 since 24 October 2016 and is currently estimated at $387,833, approximately $355 per square foot. This property was built in 1935. 551 SW 4th St is a home located in Lincoln County with nearby schools including Yaquina View Elementary School, Sam Case Elementary School, and Newport High School.

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