NOT LISTED FOR SALE

589 W Olive St Newport, OR 97365

Nye Beach Neighborhood

Estimated Value: $436,000 - $569,319

3 Beds
2 Baths
1,564 Sq Ft
$330/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $465,000 $297 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,034/month

2 Days on Market

Highlights

  • 0.2 Acre Lot
  • Furnished
  • Heating Available
  • Wood Flooring
  • Cottage
  • 2-minute walk to Literacy Park

About This Home

As of June 2019

Located in Historic Nye Beach where you will feel the pulse of the neighborhood. Newly remodeled with hardwood floors that have been preserved and restored add to its charm. The living room with gas fireplace is a great gathering place next to the updated light and bright kitchen with quartz countertops, new appliances & beautiful cabinets The bedroom on the main and full bath is a convenience for those who don't like stairs. Two additional bedrooms and bath are upstairs. Walking distance to shops, boutiques, restaurants, Performing Arts Center, grocery store and the beach. The home comes furnished so all you will need to do is bring your suitcase. In addition to the house, there are two legal lots that adjoin this are included. Check with the City for building possibilities Check with the City of Newport to see what you can build on these lots.

Last Agent to Sell the Property

Sonja Lovas

Martek Real Estate Brokerage Phone: 541-265-8785 License #201104108 Listed on: 04/10/2019

Last Buyer's Agent

Rick Wright

S & W REAL ESTATE License #780403835

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,152

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Property is zoned R-4 Residential

Home Design

  • Cottage
  • Composition Roof

Interior Spaces

  • 1,564 Sq Ft Home
  • Furnished
  • Gas Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating Available
  • Water Heater

Community Details

  • Barlow Blocks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111108BB-23400-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,152

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: 5,172
  • Lot Size Sq Ft: 8712.0
  • Road Surface Type: Paved
  • Subdivision Name: Barlow Blocks
  • Directions: Hwy 101 to West Olive to address.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built Details: Remodeled 2010
  • Year Built: 1930
  • Attribution Contact: 541-265-8785
  • Special Features: None
  • Year Built: 1930

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Refrigerator, Water Heater
  • Basement YN: No
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Window Features: Window Treatments

Exterior Features

  • Waterfront: No
  • Construction Type: Concrete
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier
  • Other Structures: None
  • Roof: Composition

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Available
  • Water Source: Public

Lot Info

  • Parcel #: 111108BB-23400-00
  • Zoning: R-4 Residential

Tax Info

  • Tax Annual Amount: 3152.19
  • Tax Lot: 00
  • Tax Map Number: 111108BB
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2022
Sold by
Kent Alana M
Bought by
Ollila Donald
Current Estimated Value
$516,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Outstanding Balance
$415,445
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$101,135

Purchase Details

Closed on
Mar 22, 2022
Sold by
Kent Alana M
Bought by
Ollila Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Outstanding Balance
$415,445
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$101,135

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jun 5, 2019
Sold by
Amarandos Revocable Trust
Bought by
Ollila Don L and Kent Alana M
Seller's Agent
Sonja Lovas
Martek Real Estate
Buyer's Agent
Rick Wright
S & W REAL ESTATE
List Price
$465,000
Sold Price
$465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.62%
Original Mortgage
$372,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2006
Sold by
Stangeland Paul T and Stangeland Anne M
Bought by
Amarandos Anna and Amarandos Mark
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ollila Donald -- None Listed On Document
Ollila Donald -- None Listed On Document
Ollila Don L $465,000 Western Title & Escrow
Amarandos Anna $420,000 Wte
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ollila Donald $442,500
Closed Ollila Donald $442,500
Previous Owner Ollila Don L $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2019 06/14/19 Sold $465,000 0.0% $297 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $465,000 -- $297 / Sq Ft
Source: Oregon Coast Multiple Listing Service

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
2025 $3,822 $213,600 -- --
2024 $3,742 $207,380 -- --
2023 $3,654 $201,340 $0 $0
2022 $3,541 $195,480 $0 $0
2021 $3,480 $189,790 $0 $0
2020 $3,398 $184,270 $0 $0
2019 $3,252 $178,910 $0 $0
2018 $3,152 $173,700 $0 $0
2017 $3,124 $168,650 $0 $0
2016 $3,058 $163,740 $0 $0
2015 $2,835 $158,980 $0 $0
2014 $2,771 $154,350 $0 $0
2013 -- $149,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sonja Lovas

    Martek Real Estate

    (541) 961-3866

    15 in this area

    163 Total Sales

    Sonja Lovas
    Section Image
  • Rick Wright

    Buyer's Agent in 2019

    Rick Wright

    S & W REAL ESTATE

    (541) 270-2093

    59 Total Sales

    Rick Wright
    Section Image
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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-87691

Oregon Coast Multiple Listing Service

APN: R251070

Oregon Lincoln County Newport 97365 Nye Beach

589 W Olive St, Newport, OR

Not Listed for Sale

Detached

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