NOT LISTED FOR SALE

627 NE Douglas St Newport, OR 97365

Estimated Value: $373,000 - $473,063

4 Beds
2 Baths
1,368 Sq Ft
$316/Sq Ft Est. Value

Last Sold June 18, 2021

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

Est. 64% increase in value since last sale

Current estimated payment $2,524/month

14 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Garage
  • Heating Available
  • No HOA
  • Carpet

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

Parking

  • 2 Car Garage

Home Design

  • 1,368 Sq Ft Home
  • Ranch Style House
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating Available
  • Water Heater

Listing and Financial Details

  • 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

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • 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
  • Unit Levels: One
  • Year Built: 1965
  • Attribution Contact: (541) 265-2200
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Basement YN: No
  • Total Bedrooms: 4
  • Flooring: Carpet, Vinyl

Exterior Features

  • Waterfront: No
  • Construction Type: Brick, T1-11 Type
  • Foundation Details: Block
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2.0

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

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

Multi Family

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

Tax Info

  • Tax Annual Amount: 2701.48
  • Tax Lot: 5000
  • Tax Map Number: 111105DC
  • 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
Jean M Bradshaw Family Credit Shelter Tr and Bradshaw Richard L
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
$432,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,266
Avg. Annual Appreciation
11.67%
Original Mortgage
$210,400
Outstanding Balance
$154,704
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$277,562
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
Wagner Michael D $263,000 Frontier Title & Escrow
Source: Public Records

Mortgage History

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

Property History

Date Event Price List to Sale Price per Sq Ft
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: 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 $3,038 $169,820 -- --
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

    103 Total Sales

    Tammy Gagne
    Section Image
  • Matt Moore

    Buyer's Agent in 2021

    Matt Moore

    Elkhorn Real Estate

    (541) 280-9576

    97 Total Sales

    Matt Moore
    Section Image
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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-93222

Oregon Coast Multiple Listing Service

APN: R403999

Oregon Lincoln County Newport 97365

627 NE Douglas St, Newport, OR

Not Listed for Sale

MultiFamily

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