NOT LISTED FOR SALE

5560 Otter Way Florence, OR 97439

Estimated Value: $622,000 - $705,000

5 Beds
3 Baths
2,577 Sq Ft
$256/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $575,000 $223 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,827/month

Highlights

  • RV Access or Parking
  • Private Lot
  • 1 Fireplace
  • Deck
  • Wooded Lot
  • Porch

About This Home

As of September 2021

Ready to enjoy a secluded setting w/ private, peaceful feel? Wind sheltered, w/mature trees and private walking trail, this home sits on over an acre located conveniently close to town on quiet road. With 5 bdrms and 3 full bathrooms, there is plenty of space in this 2577 sq ft 2 level home. The 5th bdrm is located on the main level w/exterior door, ideal for a live-in parent. New roof and new septic in 2015. Glassed in sun porch, heated shop, lots of parking. Adjacent lot for sale ML# 21288557

Last Agent to Sell the Property

Sarah Quinn

West Coast Real Estate Service License #201213204 Listed on: 07/28/2021

Last Buyer's Agent

Randy Paredes

Coldwell Banker Coast Real Est License #201222891

Coldwell Banker Coast Real Est

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,935

Year Built

  • Built in 1993

Lot Details

  • Private Lot
  • Wooded Lot
  • Landscaped with Trees
  • Garden
  • Raised Garden Beds
  • Property is zoned RR1

Parking

  • Attached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Crawl Space
  • Laundry Room
  • Property Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Outdoor Features

  • Deck
  • Porch

Utilities

  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,935

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Style: 2 Story, Custom Style
  • Sq Ft Calculated: 2577
  • Sq Ft Approximate Total: 2577
  • Stories: 2
  • Year Built: 1993
  • Property Condition: Resale
  • Remarks Public: Ready to enjoy a secluded setting w/ private, peaceful feel? Wind sheltered, w/mature trees and private walking trail, this home sits on over an acre located conveniently close to town on quiet road. With 5 bdrms and 3 full bathrooms, there is plenty of space in this 2577 sq ft 2 level home. The 5th bdrm is located on the main level w/exterior door, ideal for a live-in parent. New roof and new septic in 2015. Glassed in sun porch, heated shop, lots of parking. Adjacent lot for sale ML# 21288557
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Additional Room Features: Storage, Washer/Dryer, Wall to Wall Carpet
  • Additional Rooms: 5th Bedroom, Utility Room, 4th Bedroom
  • All Room Features: Ceiling Fan(s), Dishwasher, Disposal, Formal, Pantry, Storage, Suite, Washer/Dryer, Walk in Closet, Wood Stove, Wall to Wall Carpet, Laminate Flooring, Free-Standing Range, Free-Standing Refrigerator
  • Main Level Bathrooms: 1.0
  • Total Bathrooms: 3.0
  • Fireplace Description: Stove
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Laundry, Washer/Dryer, Wall to Wall Carpet, Laminate Flooring
  • Kitchen Appliances: Dishwasher, Free-Standing Range, Free-Standing Refrigerator
  • Legal Description: 17-12-35-10-00198
  • Sq Ft Main Level: 1504
  • Upper Level Sq Ft: 1073
  • Bedrooms: 5
  • Master Bedroom: Features: Suite, Walk in Closet, Wall to Wall Carpet,On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 3
  • Basement: Crawl Space
  • Dining Room: Features: Formal, Wall to Wall Carpet,On Level: Main
  • Family Room: Features: Wall to Wall Carpet,On Level: Main
  • Living Room: Features: Ceiling Fan(s), Wood Stove, Wall to Wall Carpet,On Level: Main
  • Kitchen: Features: Dishwasher, Disposal, Pantry, Laminate Flooring, Free-Standing Range, Free-Standing Refrigerator,On Level: Main
  • Additional Room 1: Description: 4th Bedroom,Features: Wall to Wall Carpet,On Level: Upper
  • Additional Room 2: Description: 5th Bedroom,Features: Wall to Wall Carpet,On Level: Main
  • Additional Room 3: Description: Utility Room,Features: Storage, Washer/Dryer,On Level: Main
  • Bathrooms Main Level Full: 1
  • Total Bathrooms: 3
  • Bathrooms Upper Level Full: 2
  • Window Features: Vinyl Frames, Double Pane Windows

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Garden, Porch, Workshop, Raised Beds
  • Lot Size: 1-2.99AC
  • Roof Type: Composition
  • View: Trees/Woods
  • Foundation Details: Concrete Perimeter
  • R V Description: RV Parking
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Garage Type: Attached
  • Parking Description: Driveway, RV Access/Parking

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Septic Tank, Sand Filtered
  • Water Description: Public
  • Heating Description: Baseboard, Radiant

Schools

  • Elementary School: Siuslaw
  • Middle School: Siuslaw
  • High School: Siuslaw

Lot Info

  • Lot Description: Private, Trees, Wooded
  • Acres: 1.05
  • Zoning: RR1

Tax Info

  • Tax Amount: 3459.87
  • Assessor Parcel Number: 1389772
  • Tax Year: 2020

MLS Schools

  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle School: Siuslaw

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2021
Closed on
Aug 30, 2021
Sold by
Mcgallian Eli R and Mcgallian Arika A
Bought by
Alcorn Travis and Alcorn Jolene
Seller's Agent
Sarah Quinn
West Coast Real Estate Service
Buyer's Agent
Randy Paredes
Coldwell Banker Coast Real Est
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$659,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,905
Avg. Annual Appreciation
3.47%
Original Mortgage
$575,000
Outstanding Balance
$523,207
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$136,698

Purchase Details

Closed on
Aug 21, 2015
Sold by
Digiorgio Barbara Ann
Bought by
Mcgallian Eli R and Mcgallian Arika A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,250
Interest Rate
3.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Alcorn Travis $575,000 First American Title
Mcgallian Eli R $275,000 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alcorn Travis $575,000
Previous Owner Mcgallian Eli R $261,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $575,000 0.0% $223 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $575,000 -- $223 / 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 $3,935 $358,699 -- --
2023 $3,935 $348,252 $0 $0
2022 $3,666 $338,109 $0 $0
2021 $3,564 $328,262 $0 $0
2020 $3,460 $318,701 $0 $0
2019 $3,323 $309,419 $0 $0
2018 $3,359 $291,657 $0 $0
2017 $3,234 $291,657 $0 $0
2016 $3,120 $283,162 $0 $0
2015 $3,008 $274,915 $0 $0
2014 $2,933 $264,332 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21321460

Regional Multiple Listing Service (RMLS)

APN: 1389772