NOT LISTED FOR SALE

5872 Salmon River Hwy Otis, OR 97368

Rose Lodge Neighborhood

Estimated Value: $479,000 - $929,000

5 Beds
3 Baths
2,548 Sq Ft
$269/Sq Ft Est. Value

Last Sold January 24, 2023

Last sale price $1,200,000 $471 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $4,081/month

3 Days on Market

Highlights

  • Additional Residence on Property
  • RV Access or Parking
  • 43.15 Acre Lot
  • Second Garage
  • View of Trees or Woods
  • Craftsman Architecture

About This Home

As of January 2023

SALE INCLUDES 2 ADDRESSES. 5872 & 5876 plus all out buildings and 43+ acres of wooded property, just 15 minutes from Lincoln City or Spirit Mountain Casino. Main house features vaulted wood-clad ceilings, 3 bedrooms, 2 baths, attached garage and bonus space. 2nd home features two bedrooms and a bathroom, poised on the hill with gorgeous territorial vies and MASSIVE oversized attached shop. 2 detached shops, 1 with loft space. Explore trails through the woods, streams and lush foliage year round.

Last Agent to Sell the Property

Taylor Addie

Keller Williams PDX Central License #201232024 Listed on: 12/06/2022

Keller Williams PDX Central

Last Buyer's Agent

Sarah Johnson

Taylor & Taylor Realty Co. License #201212037

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,519

Year Built

  • Built in 2001

Lot Details

  • 43.15 Acre Lot
  • Secluded Lot
  • Wooded Lot
  • Landscaped with Trees
  • Private Yard
  • Property is zoned R1RC/TC

Parking

  • 2 Car Attached Garage
  • Second Garage
  • Workshop in Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Woods
  • Mountain
  • Territorial

Home Design

  • Craftsman Architecture
  • Cabin
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,548 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Crawl Space

Kitchen

  • Gas Oven or Range
  • Free-Standing Range
  • Range Hood

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Covered Deck
  • Patio
  • Outbuilding

Additional Homes

  • Additional Residence on Property

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R25119

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,519

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 3
  • Year Built: 2001
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Craftsman, Lodge
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 3.0
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: FreeStandingRange, GasAppliances, Pantry, RangeHood
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 2
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: Acres20to50
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: WoodSiding
  • Exterior Features: CoveredDeck, Deck, Outbuilding, Patio, RVParking, SecondGarage, SecondResidence, Workshop, Yard
  • Lot Size: 20 to 49.99 Acres
  • Foundation Details: ConcretePerimeter
  • R V Description: RVParking,RVBoatStorage
  • View: Yes
  • Lot Features: Private, Secluded, Trees, Wooded
  • Road Surface Type: Gravel
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Mountain,Territorial,TreesWoods

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, RVAccessParking
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling: AirConditioningReady
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Farm: No
  • Zoning: R1RC/TC
  • Lot Size Acres: 43.15
  • Lot Size Sq Ft: 1879614.0
  • Parcel #: R25119
  • Assessor Parcel Number 2: R507707
  • Assessor Parcel Number 3: R464770

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 6519.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2021
Sold by
Landers Curtis L
Bought by
Kay Gregory Alan
Current Estimated Value
$685,250

Purchase Details

Closed on
May 6, 2021
Sold by
Kay Alan
Bought by
S K

Purchase Details

Closed on
Dec 17, 2014
Sold by
Kay Eugene R and Kay Dorothy A
Bought by
Kay Eugene R and Kay Dorothy A

Purchase Details

Closed on
Jun 10, 2013
Sold by
Kay Eugene R and Kay Dorothy A
Bought by
Kay Jason R and Kay Angelina D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,500
Interest Rate
3.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 23, 2005
Sold by
Kay Eugene R
Bought by
Kay Eugene and Kay Dorothy A
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
Kay Gregory Alan $500,000 Western Title
S K -- --
Kay Eugene R -- None Available
Kay Jason R $30,000 Western Title & Escrow
Kay Eugene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kay Jason R $286,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2023 01/24/23 Sold $1,200,000 -7.7% $471 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
12/06/2022 12/06/22 For Sale $1,300,000 -- $510 / 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 $3,554 $286,210 -- --
2023 $3,441 $277,880 $0 $0
2022 $3,341 $269,790 $0 $0
2021 $3,155 $261,940 $0 $0
2020 $3,093 $254,320 $0 $0
2019 $2,979 $246,920 $0 $0
2018 $2,921 $239,730 $0 $0
2017 $2,779 $232,750 $0 $0
2016 $2,569 $225,980 $0 $0
2015 $2,520 $219,400 $0 $0
2014 $2,453 $213,010 $0 $0
2013 -- $200,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22141857

Regional Multiple Listing Service (RMLS)

APN: R25119