NOT LISTED FOR SALE

599 SW 27th Way Lincoln City, OR 97367

Estimated Value: $658,473 - $806,000

3 Beds
3 Baths
1,430 Sq Ft
$520/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $458,000 $320 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,709/month

3 Days on Market

Highlights

  • Vaulted Ceiling
  • Park or Greenbelt View
  • Cottage
  • Wood Flooring
  • Furnished
  • Covered patio or porch

About This Home

As of January 2021

Great opportunity to own an outright-use vacation rental in one of the most desirable vacation destinations on the Oregon Coast. This beautiful Olivia Beach cottage fronts on the community park and is better than new with hardwoods through-out, glass front cabinetry and granite counters in an open kitchen with new Bosch dishwasher and convenient eating bar. 2 On-Suite bedrooms up and a possible 3rd bedroom in the carriage house above the garage (lacks a closet). Currently the only existing VR zoned property available for sale in this neighborhood, Hurry!!!

Last Agent to Sell the Property

Debra Williams

Taylor & Taylor Realty Company License #860200161 Listed on: 11/24/2020

Last Buyer's Agent

Debra Williams

OREGON REALTY COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,945

Year Built

  • Built in 2007

Lot Details

  • 2,614 Sq Ft Lot
  • Property is zoned VR Vacation Rental

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Cottage
  • Composition Roof
  • Metal Roof
  • Lap Siding
  • Cedar Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,430 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Utility Room
  • Park or Greenbelt Views

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Covered patio or porch

Utilities

  • Zoned Cooling
  • Heating Available
  • Electricity To Lot Line
  • Tankless Water Heater

Community Details

  • Association fees include insurance
  • Community Management Association, Phone Number (503) 233-0300
  • Secondary HOA Phone (503) 233-0300
  • Olivia Beach Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 071122CA-9000-00
  • Assessor Parcel Number 071122CA-9000-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,945

Year Built

Built in 2007

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2613.6
  • Road Surface Type: Paved
  • Inclusions: Furnishings
  • Subdivision Name: Olivia Beach
  • Directions: Hwy 101 south to SW 29th, west to Coast Ave, north to SW 28th, west to community park, follow around to the north side of the park, 2nd house in from Anemone on SW 27th Way.
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Year Built: 2007
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Park
  • General Property Description:Secondary View: None
  • General Property Description:Lot SqFt: 2613.6
  • General Property Description:_pound_ of Acres: 0.06
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 9000
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 2.5
  • General Property Description:Levels: Two
  • General Property Description:Style: Cottage
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Gas
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • Location Tax and Other Information:Subdv ParcelLot: 071122CA-9000-00
  • General Property Description:Property Sub-Type: Single Family Residence
  • Internal Features:Water Heater: Tankless
  • Siding:Lap: Yes
  • Ceiling:Vaulted: Yes
  • Siding:Cedar: Yes
  • Flooring:Wood3: Yes
  • Roof:Metal: Yes
  • DeckPatio:Covered Porch: Yes
  • Flooring:Tile2: Yes
  • DeckPatio:Patio: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Wood, Tile
  • Interior Amenities: Vaulted Ceiling(s)
  • Window Features: Window Coverings

Exterior Features

  • View: Park
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio
  • Roof: Composition, Metal
  • Internal Features:Window Coverings: Yes

Garage/Parking

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

Utilities

  • Heating: Electric Wall/Zone
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Electric WallZone: Yes

Condo/Co-op/Association

  • Association Fee: 450.0
  • Association Fee Frequency: Quarterly
  • Phone: 503-233-0300
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Insurance - General: Yes
  • Association Fee Inclusions:Maintenance - Common Area: Yes
  • Association Fee Inclusions:Property Tax - Common Area: Yes
  • Association Fee Inclusions:Utilities - Common Area: Yes
  • Association Fee Inclusions:Reserves: Yes
  • Association Fee Inclusions:Other11: Pool, beach stairs, park, rec. center
  • CondoAssociation:CondoAssoc Fee (MQY): Quarterly
  • CondoAssociation:Assoc Contact Name: Community Management
  • CondoAssociation:Assoc Contact Phone: 503-233-0300
  • Association Fee Inclusions:Operating Expenses: Yes

Fee Information

  • Association Fee Includes: Insurance

Lot Info

  • Parcel #: 071122CA-9000-00
  • Zoning: VR Vacation Rental

Tax Info

  • Tax Annual Amount: 4944.95
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2020
Closed on
Jan 12, 2021
Sold by
Swift Susan Marie and Swift William Worrell
Bought by
Wood Nicholas Andrew and Wood Kelsey Taylor
Seller's Agent
Debra Williams
Taylor & Taylor Realty Company
Buyer's Agent
Debra Williams
OREGON REALTY COMPANY
List Price
$449,900
Sold Price
$458,000
Premium/Discount to List
$8,100
1.8%
Current Estimated Value
$744,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,118
Avg. Annual Appreciation
11.20%
Original Mortgage
$366,400
Outstanding Balance
$330,736
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$413,382

Purchase Details

Listed on
May 8, 2018
Closed on
Oct 19, 2018
Sold by
Faroghi Arman and Fakher Azita
Bought by
Swift Susan Marie and Swift William Worrell
Seller's Agent
Debra Williams
Taylor & Taylor Realty Company
Buyer's Agent
Debra Williams
OREGON REALTY COMPANY
List Price
$428,876
Sold Price
$393,000
Premium/Discount to List
-$35,876
-8.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Original Mortgage
$243,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2008
Sold by
Olivia Beach Llc
Bought by
Faroghi Arman and Fakher Azita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,783
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Wood Nicholas Andrew $458,000 Western Title & Escrow
Swift Susan Marie $393,000 Western Title & Escrow
Faroghi Arman $409,433 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Nicholas Andrew $366,400
Previous Owner Swift Susan Marie $243,000
Previous Owner Faroghi Arman $198,500
Previous Owner Faroghi Arman $207,783
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $458,000 +1.8% $320 / Sq Ft
11/27/2020 11/27/20 Pending -- -- --
11/24/2020 11/24/20 For Sale $449,900 +14.5% $315 / Sq Ft
10/23/2018 10/23/18 Sold $393,000 -8.4% $275 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $428,876 -- $300 / 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 $5,819 $341,310 -- --
2023 $5,658 $331,370 $0 $0
2022 $5,501 $321,720 $0 $0
2021 $5,240 $312,350 $0 $0
2020 $5,119 $303,260 $0 $0
2019 $4,945 $294,430 $0 $0
2018 $4,834 $285,860 $0 $0
2017 $4,626 $277,540 $0 $0
2016 $4,339 $269,460 $0 $0
2015 $4,242 $261,620 $0 $0
2014 $4,134 $254,000 $0 $0
2013 -- $246,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debra Williams

    Seller's Agent in 2021

    Debra Williams

    Taylor & Taylor Realty Company

    (503) 544-1190

    151 Total Sales

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Map

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

MLS Number: 20-2516

APN: R522197

Oregon Lincoln County Lincoln City 97367

599 SW 27th Way, Lincoln City, OR

This home is located at 599 SW 27th Way, Lincoln City, OR 97367 since 24 November 2020 and is currently estimated at $744,118, approximately $520 per square foot. This property was built in 2007. 599 SW 27th Way is a home located in Lincoln County with nearby schools including Taft Elementary School, Oceanlake Elementary School, and Taft High School.

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