551 SW 4th St Newport, OR 97365
Estimated Value: $315,882 - $480,000
3
Beds
1
Bath
1,092
Sq Ft
$371/Sq Ft
Est. Value
Highlights
- Ocean View
- Cottage
- 1-Story Property
- No HOA
- Cooling Available
- 4-minute walk to Coast Park
About This Home
As of August 2017Looking 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
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
- 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
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%
Total Days on Market
305
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,971
Avg. Annual Appreciation
8.82%
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
Similar Homes in Newport, OR
-
$325,000
- 3 Beds
- 1 Bath
- 995 Sq Ft
- 118 SW Brook St
- Newport, OR
Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential—build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot—develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential.
Gina Bebek Realty One Group At The Beach
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
413 Total Sales
-
A
Seller Co-Listing Agent in 2017
Ann Irvin
Taylor & Taylor Realty Company
-
J
Buyer's Agent in 2017
Jana Westhusing
Martek Real Estate
Map
Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 16-3055
APN: R297967
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