NOT LISTED FOR SALE

617 E Olive St Newport, OR 97365

Estimated Value: $344,000 - $450,000

3 Beds
1 Bath
1,756 Sq Ft
$227/Sq Ft Est. Value

Last Sold September 18, 2019

Last sale price $207,500 $118 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $2,401/month

46 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 1 Car Attached Garage
  • Wood Flooring
  • Covered Patio or Porch
  • Cooling Available

About This Home

As of September 2019

Charming 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

Casey O'Callaghan

Martek Real Estate Brokerage Phone: 541-265-8785 License #201215737 Listed on: 05/16/2019

Last Buyer's Agent

Casey O'Callaghan

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) Commercial

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,851

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Highway
  • Lot Size Acres: 0.16
  • Lot Size: .16 acres
  • Lot Size Sq Ft: 6969.6
  • Road Surface Type: Paved
  • Subdivision Name: Fredericksburg
  • Directions: Head East on HWY 20 towards Toledo. On left hand side where HWY 20 meets SE Fogarty. House sits on lot directly east of coffee shop.
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Year Built: 1949
  • Attribution Contact: 541-265-8785
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: Highway
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.16
  • Location Tax and Other Information:Tax Lot: 3500
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Furnished: No
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Lot Dimensions: .16 acres
  • Location Tax and Other Information:Subdv ParcelLot: 2 & W1/2 of 3
  • General Property Description:Property Sub-Type: Single Family Residence
  • Internal Features:Water Heater: Electric
  • Siding:Lap: Yes
  • Flooring:Wood3: Yes
  • DeckPatio:Covered Porch: Yes
  • Miscellaneous Possession: COE
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Wood

Exterior Features

  • View: None
  • Foundation Details: Cont/Con
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating: Electric, Baseboard
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • HeatingCooling:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108AA-3500-00
  • Zoning: C-3 Highway (Heavy) Commercial

Tax Info

  • Tax Annual Amount: 2850.69
  • Tax Year: 2017

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
$397,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,463
Avg. Annual Appreciation
11.75%
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
Source: Public Records

Range of Values:

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Average Value
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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
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 Lager Investments Llc $157,500
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

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 $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

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Map

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

MLS Number: 18-2682

APN: R319116