NOT LISTED FOR SALE

662 Ocean Rd Manzanita, OR 97130

Estimated Value: $1,409,000 - $1,933,000

6 Beds
4 Baths
3,192 Sq Ft
$533/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $865,000 $271 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,828/month

56 Days on Market

Highlights

  • Ocean Front
  • RV Access or Parking
  • Forced Air Heating System
  • Nehalem Elementary School Rated 10
  • Private Lot
  • 7 Car Garage

About This Home

As of October 2019

Perfect ocean view opportunity for 2 families. Amazing vacation getaways or full time living in upper unit while Air BNB the lower. This fully furnished beach front property boasts spectacular + unobstructed ocean views from newer expansive decks. Newer plumbing, hot wtr htrs. New flooring, carpets, blinds + curtains. Units are both 3 beds and 2 baths. Lg 3 car garage w/RV parking for space or rent.

Last Agent to Sell the Property

Jeffrey Capen

Windermere Realty Trust License #200308199 Listed on: 06/14/2019

Windermere Realty Trust

Co-Listed By

John McClain

Windermere Realty Trust License #201218259

Last Buyer's Agent

Robin Bair

Oregon Life Homes License #201102094

Oregon Life Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,267

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • Ocean Front
  • Private Lot
  • Gentle Sloping Lot

Parking

  • 7 Car Garage
  • RV Access or Parking

Property Views

  • Ocean
  • Mountain

Home Design

  • Slab Foundation
  • Metal Roof
  • Shake Siding
  • Cedar

Interior Spaces

  • 3,192 Sq Ft Home
  • 3-Story Property
  • Exterior Basement Entry
  • Security Lights

Schools

  • Nehalem Elementary School
  • Neah-Kah-Nie High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes cabletv, electricity, heat, sewer, trashcollection, water
  • Assessor Parcel Number 93703

Community Details

Overview

  • 2 Units
  • Manzanita Beach Subdivision

Building Details

  • Operating Expense $13,200
  • Gross Income $21,000
  • Net Operating Income $15,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,267

Year Built

Built in 1985 | Remodeled

Lot Details

0

Parking

7

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1985
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry
  • Storage: Attached,Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,ShakeSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Waterfront: Yes
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: GentleSloping, Private, Sloped
  • Water Body Name: Pacific Ocean
  • Waterfront Features: OceanFront
  • Disclosures: Disclosure
  • Roof: Metal
  • View: Mountain,Ocean

Garage/Parking

  • Parking Description: Garage, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 7.0
  • Total Parking Spaces: 7.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Nehalem
  • High School: Neah-Kah-Nie

Lot Info

  • Zoning: R-2
  • Parcel #: 93703

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: CableTV, Electricity, Heat, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 8267.28

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 40.47
  • Annual Gross Income: 21000.0
  • Property Net Operating Income: 15060.0
  • Annual Operating Expense: 13200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
Oct 16, 2019
Sold by
Ure Nicholas J and Ure Kelly A
Bought by
Choltus Karl L and Choltus Rebekah L
Seller's Agent
Jeffrey Capen
Windermere Realty Trust
Buyer's Agent
Robin Bair
Oregon Life Homes
List Price
$849,900
Sold Price
$865,000
Premium/Discount to List
$15,100
1.78%
Current Estimated Value
$1,459,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,370
Avg. Annual Appreciation
9.56%
Original Mortgage
$692,000
Outstanding Balance
$603,813
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$866,105
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
Choltus Karl L $865,000 Fidelity Natl Ttl Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choltus Karl L $692,000
Previous Owner Ure Nicholas J $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $865,000 +1.8% $271 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $849,900 -- $266 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $10,058 $852,460 $364,960 $487,500
2023 $9,970 $827,640 $354,330 $473,310
2022 $9,374 $803,540 $344,010 $459,530
2021 $9,095 $780,140 $333,990 $446,150
2020 $8,734 $757,420 $324,260 $433,160
2019 $8,488 $735,360 $314,820 $420,540
2018 $8,267 $713,950 $305,650 $408,300
2017 $8,033 $693,160 $296,750 $396,410
2016 $7,802 $672,980 $288,110 $384,870
2015 $7,659 $653,380 $279,720 $373,660
2014 $7,532 $634,350 $271,570 $362,780
2013 -- $615,880 $263,660 $352,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19420733

Regional Multiple Listing Service (RMLS)

APN: R0093703