NOT LISTED FOR SALE

606 SW Coast Hwy Newport, OR 97365

Estimated Value: $2,895,555

0.09 Acre
$32,172,833 Price per Acre
3,920 Sq Ft Lot

Last Sold December 15, 2020

Last sale price $107,000

Est. 2,606% increase in value since last sale

Current estimated payment $18,599/month

7 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 3-minute walk to Lost Creek State Park

About This Lot

As of December 2020

Price reduced! Prime development property in the heart of Nye Beach, one of the last remaining vacant lots in the area. Tourist Commercial zoning provides for a multitude of development options. Sidewalks are in and paid for, street has recently been paved from 101 to Coast.

Last Agent to Sell the Property

Freddy Saxton

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #200801080 Listed on: 10/20/2020

Last Buyer's Agent

Freddy Saxton

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #200801080 Listed on: 10/20/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,160

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 48.4 x 83.33
  • Level Lot
  • Property is zoned C-2 General Commercial

Utilities

  • Gas Available at Street

Community Details

  • No Home Owners Association
  • Sea Crest Blocks Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 4201
  • Assessor Parcel Number 111105CC-4201-00

Property Details

Property Type

Land

Est. Annual Taxes

$1,160

Lot Details

0

Listing Details

  • Property Sub Type: Land - Residential
  • Prop. Type: Land-Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.09
  • Lot Size: 48.4 x 83.33
  • Lot Size Sq Ft: 3920.4
  • Road Surface Type: Paved
  • Subdivision Name: Sea Crest Blocks
  • Directions: From Highway 101, west on NW 6th to corner of NW 6th and NW Coast. Vacant lot on corner, to the north.
  • Attribution Contact: (541) 265-2200
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • Contract Information:_three_rd Party Approval: No
  • General Property Description:Land Sub-Type: Land
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.09
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 4201
  • Miscellaneous Survey: Recorded
  • Topography:Level: Yes
  • Gas:At Street3: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Sewer:City3: Yes
  • General Property Description:Lot Dimensions: 48.4 x 83.33
  • Electric:None5: Yes
  • Miscellaneous Sidewalks: Yes
  • Special Features: None

Exterior Features

  • View: None

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111105CC-4201-00
  • Zoning: C-2 General Commercial
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1160.13
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2018
Sold by
Cewc Corporation An Oregon Corporation
Bought by
Nilkanthvasrni Investments Llc
Current Estimated Value
$2,895,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,615,000
Outstanding Balance
$1,304,978
Interest Rate
4.04%
Mortgage Type
Unknown
Estimated Equity
$1,565,798

Purchase Details

Closed on
Dec 9, 2005
Sold by
Patel Harshad M and Patel Bharti H
Bought by
Hbdn Llc
Source: Public Records

Range of Values:

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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
Nilkanthvasrni Investments Llc $1,900,000 First American Title
Hbdn Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nilkanthvasrni Investments Llc $1,615,000
Previous Owner Nahal Investment Llc $682,000
Previous Owner Nahal Investment Llc $660,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $107,000 -7.0% --
10/27/2020 10/27/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $115,000 -- --
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 $29,630 $1,642,070 -- --
2023 $28,932 $1,594,250 $0 $0
2022 $28,041 $1,547,820 $0 $0
2021 $27,328 $1,490,330 $0 $0
2020 $26,680 $1,446,930 $0 $0
2019 $25,536 $1,404,790 $0 $0
2018 $24,751 $1,363,880 $0 $0
2017 $24,530 $1,324,160 $0 $0
2016 $21,895 $1,172,310 $0 $0
2015 $18,798 $1,054,030 $0 $0
2014 $18,926 $1,054,030 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Freddy Saxton

    Seller's Agent in 2020

    Freddy Saxton

    Advantage Real Estate

    (541) 961-2085

    121 Total Sales

    Freddy Saxton
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Map

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

MLS Number: 20-767

APN: R382770

Oregon Lincoln County Newport 97365

606 SW Coast Hwy, Newport, OR

This home is located at 606 SW Coast Hwy, Newport, OR 97365 since 20 October 2020 and is currently estimated at $2,895,555. 606 SW Coast Hwy is a home located in Lincoln County with nearby schools including Yaquina View Elementary School, Sam Case Elementary School, and Newport High School.

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