NOT LISTED FOR SALE

606 SW Coast Hwy Newport, OR 97365

Estimated Value: $3,086,256

0.09 Acre
$34,291,733 Price per Acre
3,920 Sq Ft Lot

Last Sold December 15, 2020

Last sale price $107,000

Est. 2,784% increase in value since last sale

Current estimated payment $18,740/month

7 Days on Market

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
  • Property is zoned C-2 General Commercial

Community Details

  • No Home Owners Association
  • Sea Crest Blocks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111105CC-4201-00

Property Details

Property Type

Land

Est. Annual Taxes

$1,160

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • 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
  • Special Features: None

Exterior Features

  • Lot Features: Level
  • Waterfront: No

Utilities

  • Utilities: Electricity Connected, Electricity Not Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

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

Tax Info

  • Tax Annual Amount: 1160.13
  • Tax Lot: 4201
  • Tax Map Number: 111105CC
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2018
Sold by
Cewc Corporation
Bought by
Nilkanthvarni Investments Llc
Current Estimated Value
$3,086,256

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
$1,270,978
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,815,278

Purchase Details

Closed on
Feb 27, 2018
Sold by
Cewc Corporation An Oregon Corporation
Bought by
Nilkanthvasrni Investments Llc

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
$1,270,978
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,815,278

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:

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

Mortgage History

Date Status Borrower Loan Amount
Open Nilkanthvarni Investments Llc $1,615,000
Closed Nilkanthvasrni Investments Llc $1,615,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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: 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 $30,262 $1,691,330 -- --
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

    109 Total Sales

    Freddy Saxton
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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-90595

Oregon Coast Multiple Listing Service

APN: R382770

Oregon Lincoln County Newport 97365

606 SW Coast Hwy, Newport, OR

Not Listed for Sale

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