NOT LISTED FOR SALE

627 NE Douglas St Newport, OR 97365

Estimated Value: $387,000 - $423,000

4 Beds
2 Baths
1,368 Sq Ft
$294/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $263,000 $192 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,488/month

14 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Attached Garage
  • Carpet
  • No HOA
  • Electric Baseboard Heater

About This Home

As of June 2021

Great rental investment duplex, close to schools, and downtown shopping. Single level living 2 bedrooms and 1 bath units along with their own 1 car garage accessed from the inside. Long time tenants with great payment history. South unit has had recent upgrades, north unit is in need of updating. No FHA/VA loans. Buyer will be responsible for removal of tenants after close if buyer needs the units vacant. Each side pays $750 per month rent. Total rental income $1500 per month. All appliances except range oven in north unit belong to the tenants. No Sunday showings

Last Agent to Sell the Property

Tammy Gagne

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #870600040 Listed on: 04/26/2021

Last Buyer's Agent

Matt Moore

Elkhorn Real Estate License #200307084

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,701

Year Built

  • Built in 1965

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • 1,368 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof
  • T111 Siding

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Utilities

  • Electric Baseboard Heater
  • Gas Available at Street
  • Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 111105DC-5000-00

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Phelps Newport Subdivision

Building Details

  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,701

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Dwelling
  • Prop. Type: Multi-Dwelling
  • Road Frontage Type: None
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.2
  • Road Surface Type: Paved
  • Subdivision Name: Phelps - Newport
  • Directions: East on NE 6th St. Left on Douglas St to address. Corner of 7th and Douglas.
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1965
  • 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:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.12
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 5000
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 4
  • General Property Description:Total Bathrooms: 2.0
  • 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
  • Location Tax and Other Information:Subdv ParcelLot: 8
  • Flooring:Vinyl2: Yes
  • Foundation:Block2: Yes
  • Flooring:Carpet: Yes
  • Siding:T1-11: Yes
  • Siding:Brick: Yes
  • Gross Income: 18000.0
  • HeatingCooling:Baseboard - Electric: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 4
  • Flooring: Carpet, Vinyl

Exterior Features

  • View: None
  • Foundation Details: Block
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 2.0
  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 2
  • External Features:Parking Spaces: 2.0

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 #: 111105DC-5000-00
  • Zoning: R-3 Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18000.0

Tax Info

  • Tax Annual Amount: 2701.48
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jun 17, 2021
Sold by
Bradshaw Richard L and Jean M Bradshaw Family Credit
Bought by
Wagner Michael D and Wagner Kimberly A
Seller's Agent
Tammy Gagne
Advantage Real Estate
Buyer's Agent
Matt Moore
Elkhorn Real Estate
List Price
$280,000
Sold Price
$263,000
Premium/Discount to List
-$17,000
-6.07%
Current Estimated Value
$402,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,050
Avg. Annual Appreciation
11.81%
Original Mortgage
$210,400
Outstanding Balance
$192,553
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$218,907
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
Wagner Michael D $263,000 Frontier T&E Of Or Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagner Michael D $210,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $263,000 -6.1% $192 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $280,000 -- $205 / 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 $2,975 $164,880 -- --
2023 $2,905 $160,080 $0 $0
2022 $2,816 $155,420 $0 $0
2021 $2,767 $150,900 $0 $0
2020 $2,701 $146,510 $0 $0
2019 $2,586 $142,250 $0 $0
2018 $2,506 $138,110 $0 $0
2017 $2,484 $134,090 $0 $0
2016 $2,432 $130,190 $0 $0
2015 $2,254 $126,400 $0 $0
2014 $2,204 $122,720 $0 $0
2013 -- $119,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tammy Gagne

    Seller's Agent in 2021

    Tammy Gagne

    Advantage Real Estate

    (541) 265-2200

    109 Total Sales

    Tammy Gagne
    Section Image
  • Matt Moore

    Buyer's Agent in 2021

    Matt Moore

    Elkhorn Real Estate

    (541) 280-9576

    107 Total Sales

    Matt Moore
    Section Image
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Map

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

MLS Number: 21-721

APN: R403999

Oregon Lincoln County Newport 97365

627 NE Douglas St, Newport, OR

This home is located at 627 NE Douglas St, Newport, OR 97365 since 26 April 2021 and is currently estimated at $402,050, approximately $293 per square foot. This property was built in 1965. 627 NE Douglas St is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

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