617 E Olive St Newport, OR 97365
Estimated Value: $325,000 - $473,000
3
Beds
1
Bath
1,756
Sq Ft
$231/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- No HOA
- 1 Car Attached Garage
- Wood Flooring
- Covered patio or porch
- Cooling Available
About This Home
As of September 2019Charming 3 bedroom 1 bathroom home conveniently located near schools, shopping, gas, coffee, and the Historic Bayfront! Hardwood floors, and new carpet downstairs, with large bedroom and office space upstairs! Good sized fully fenced in backyard, with no neighbors. This home is a residential in commercial zone, but check with your lender as this could go conventional.
Last Agent to Sell the Property
Martek Real Estate Brokerage Phone: 541-265-8785 License #201215737 Listed on: 05/16/2019
Last Buyer's Agent
Martek Real Estate Brokerage Phone: 541-265-8785 License #201215737 Listed on: 05/16/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,851
Year Built
- Built in 1949
Lot Details
- 6,970 Sq Ft Lot
- Property fronts a highway
- Property is zoned C-3 Highway (Heavy)
Parking
- 1 Car Attached Garage
Home Design
- Traditional Architecture
- Composition Roof
- Lap Siding
Interior Spaces
- 1,756 Sq Ft Home
- 2-Story Property
- Gas Fireplace
- Wood Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Outdoor Features
- Covered patio or porch
Utilities
- Cooling Available
- Baseboard Heating
- Electricity To Lot Line
- Water Heater
Community Details
- No Home Owners Association
- Fredericksburg Subdivision
Listing and Financial Details
- Tax Lot 2 & W1/2 of 3
- Assessor Parcel Number 111108AA-3500-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2019
Closed on
Sep 17, 2019
Sold by
Hayward Joseph C E and Hayward Joseph
Bought by
Lager Investments Llc
Seller's Agent
Casey O'Callaghan
Martek Real Estate
Buyer's Agent
Casey O'Callaghan
Martek Real Estate
List Price
$385,000
Sold Price
$207,500
Premium/Discount to List
-$177,500
-46.1%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,428
Avg. Annual Appreciation
12.05%
Original Mortgage
$157,500
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 22, 2016
Sold by
Durrett Hayward Suzanne
Bought by
Hayward Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.46%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 15, 2008
Sold by
Mathewson Robert C and Mathewson Beth H
Bought by
Hayward Joseph C E and Durrett Suzanne
Purchase Details
Closed on
Apr 25, 2008
Sold by
Mathewson Albert C and Mathewson Georgina M
Bought by
Mathewson Robert C and Mathewson Beth H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,327
Interest Rate
5.81%
Mortgage Type
Seller Take Back
Similar Homes in Newport, OR
-
$325,000
- 3 Beds
- 1 Bath
- 995 Sq Ft
- 118 SW Brook St
- Newport, OR
Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential—build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot—develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential.
Gina Bebek Realty One Group At The Beach
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lager Investments Llc | $207,500 | Western Title & Escrow | |
| Hayward Joseph | -- | None Available | |
| Hayward Joseph C E | $380,000 | First American Title Ins Co | |
| Mathewson Robert C | $127,327 | Western Title & Escrow |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brook Haven Llc | $850,000 | |
| Closed | Lager Investments Llc | $157,500 | |
| Previous Owner | Hayward Joseph | $60,000 | |
| Previous Owner | Hayward Joseph C | $92,500 | |
| Previous Owner | Mathewson Robert C | $127,327 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2019 09/18/19 | Sold | $207,500 | -46.1% | $118 / Sq Ft |
| 07/01/2019 07/01/19 | Pending | -- | -- | -- |
| 05/16/2019 05/16/19 | For Sale | $385,000 | -- | $219 / Sq Ft |
Source: Lincoln County Board of REALTORS® MLS (OR)
Tax History Compared to Growth
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 | $3,595 | $199,220 | -- | -- |
| 2023 | $3,510 | $193,420 | $0 | $0 |
| 2022 | $3,402 | $187,790 | $0 | $0 |
| 2021 | $3,343 | $182,330 | $0 | $0 |
| 2020 | $3,264 | $177,020 | $0 | $0 |
| 2019 | $2,967 | $163,240 | $0 | $0 |
| 2018 | $2,876 | $158,490 | $0 | $0 |
| 2017 | $2,851 | $153,880 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Casey O'Callaghan
Seller's Agent in 2019
Casey O'Callaghan
Martek Real Estate
(541) 961-2653
163 Total Sales
Map
Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 18-2682
APN: R319116
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