NOT LISTED FOR SALE

624 E Olive St Newport, OR 97365

Estimated Value: $231,000 - $303,668

2 Beds
1 Bath
690 Sq Ft
$376/Sq Ft Est. Value

Last Sold January 04, 2019

Last sale price $61,000 $88 Per Sq Ft

Est. 325% increase in value since last sale

Current estimated payment $1,612/month

2 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Attached Garage
  • Wood Siding
  • No HOA
  • Baseboard Heating

About This Home

As of January 2019

Earnest money to be at least 3%. Excellent opportunity to own a very affordable commercial building. Located with prime Hwy 20 frontage.

Last Agent to Sell the Property

Jon Lynch

John L Scott Newport License #780303684 Listed on: 11/26/2018

Last Buyer's Agent

Jon Lynch

John L Scott Newport License #780303684 Listed on: 11/26/2018

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 4,356 Sq Ft Lot
  • Property fronts a highway
  • Property is zoned C-3 Highway (Heavy)

Parking

  • 1 Car Attached Garage

Home Design

  • 690 Sq Ft Home
  • Ranch Style House
  • Composition Roof
  • Wood Siding
  • Shake Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Baseboard Heating
  • Electricity To Lot Line
  • Gas Available at Street

Community Details

  • No Home Owners Association
  • Fredericksburg Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 10
  • Assessor Parcel Number 111108AA-6100-00

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Highway
  • Lot Size Acres: 0.1
  • Lot Size: .1
  • Lot Size Sq Ft: 4356.0
  • Road Surface Type: Paved
  • Subdivision Name: Fredericksburg
  • Directions: Hwy 20 east to address. Hwy 20 and Olive Street are the same inside the city limits. Located 1 blk west of John Moore Rd
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1940
  • Contract Information:BankLender Owned: Yes
  • Contract Information:Short Sale: No
  • Contract Information:_three_rd Party Approval: No
  • General Property Description:Frontage: Highway
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.1
  • Location Tax and Other Information:Tax Lot: 6100
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: One
  • General Property Description:Style: Ranch
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Sewer:City3: Yes
  • General Property Description:Lot Dimensions: .1
  • Location Tax and Other Information:Subdv ParcelLot: 10
  • General Property Description:Property Sub-Type: Single Family Residence
  • Siding:Wood: Yes
  • Siding:Shake2: Yes
  • Miscellaneous Possession: coe
  • Special Features: None

Interior Features

  • Total Bedrooms: 2

Exterior Features

  • View: None
  • Foundation Details: Cont/Con
  • Patio And Porch Features: None
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108AA-6100-00
  • Zoning: C-3 Highway (Heavy)
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1668.76
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Dec 28, 2018
Sold by
Nrz Reo Viii Llc
Bought by
Limbrunner Louis
Seller's Agent
Jon Lynch
John L Scott Newport
Buyer's Agent
Jon Lynch
John L Scott Newport
List Price
$49,900
Sold Price
$61,000
Premium/Discount to List
$11,100
22.24%
Current Estimated Value
$259,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,417

Purchase Details

Listed on
Nov 26, 2018
Closed on
Nov 16, 2018
Sold by
Ouderkirk William Stanley and Us Bank National Association
Bought by
Nrz Reo Viii Llc
Seller's Agent
Jon Lynch
John L Scott Newport
Buyer's Agent
Jon Lynch
John L Scott Newport
List Price
$49,900
Sold Price
$61,000
Premium/Discount to List
$11,100
22.24%

Purchase Details

Closed on
Oct 7, 2014
Sold by
Limbrunner Mary Malinda and Limbrunner Louis Marcue
Bought by
Ouderkirk Ii William Stanley
Source: Public Records

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Range of Values:

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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
Limbrunner Louis $61,000 Freedom Title & Escrow Of Or
Nrz Reo Viii Llc $95,000 None Available
Ouderkirk Ii William Stanley -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ouderkirk Ii William Stanley $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2019 01/04/19 Sold $61,000 +22.2% $88 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $49,900 -- $72 / 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 $1,999 $110,760 -- --
2023 $1,952 $107,540 $0 $0
2022 $1,892 $104,410 $0 $0
2021 $1,859 $101,370 $0 $0
2020 $1,815 $98,420 $0 $0
2019 $1,737 $95,560 $0 $0
2018 $1,684 $92,780 $0 $0
2017 $1,669 $90,080 $0 $0
2016 $1,633 $87,460 $0 $0
2015 $1,515 $84,920 $0 $0
2014 $1,480 $82,450 $0 $0
2013 -- $80,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jon Lynch

    John L Scott Newport

See All Agents

Map

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

MLS Number: 18-2924

APN: R380382

Oregon Lincoln County Newport 97365

624 E Olive St, Newport, OR

This home is located at 624 E Olive St, Newport, OR 97365 since 26 November 2018 and is currently estimated at $259,417, approximately $375 per square foot. This property was built in 1940. 624 E Olive St 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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