NOT LISTED FOR SALE

720 W Olive St Newport, OR 97365

Nye Beach Neighborhood

Estimated Value: $544,000 - $849,000

3 Beds
3 Baths
1,900 Sq Ft
$392/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $500,000 $263 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,426/month

352 Days on Market

Highlights

  • Ocean View
  • Deck
  • Traditional Architecture
  • New Construction
  • Vaulted Ceiling
  • 1-minute walk to Don & Ann Davis Park

About This Home

As of May 2020

NEW CONSTRUCTION IN NYE BEACH! Incredible PANORAMIC OCEAN VIEWS from this 3 Bedroom, 2.5 Bath, 1900 Sq Ft home in Newport's popular NYE BEACH district. Great floor plan with 2 MASTER SUITES! Impressive 9-Foot Ceilings! It's a very close walk to multiple BEACH ACCESSES, the Performing Arts Center, Coast Park Playground, art galleries, restaurants and shops! Be the first person to call this modern home yours!

Last Agent to Sell the Property

Brodie Becksted

Equity Plus Real Estate License #200302191 Listed on: 03/08/2019

Co-Listed By

Heidi Rogers

Ocean Equity Real Estate & Investments, LLC License #201206892

Last Buyer's Agent

BRODIE BECKSTED

S & W REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $704

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 45 x 55
  • Property is zoned C-2 General Commercial

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Concrete Siding
  • Cedar Siding

Interior Spaces

  • 1,900 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Living Room
  • Dining Room
  • Utility Room
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Heat Pump System
  • Electricity To Lot Line
  • Gas Available at Street
  • Water Heater

Community Details

  • No Home Owners Association
  • Stewarts Coast View Yaquina Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 111108BB-7700-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$704

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.06
  • Lot Size: 45 x 55
  • Lot Size Sq Ft: 2613.6
  • Road Surface Type: Paved
  • Subdivision Name: Stewarts - Coast View Yaquina
  • Directions: Hwy 101 to NW Olive Street, just north of PAC Center. see signs.
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Year Built: 2019
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: Ocean
  • General Property Description:_pound_ of Acres: 0.06
  • Location Tax and Other Information:Tax Lot: 7700
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 3.0
  • 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
  • DeckPatio:Deck: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:Microwave: Yes
  • General Property Description:Lot Dimensions: 45 x 55
  • Location Tax and Other Information:Subdv ParcelLot: 22
  • General Property Description:Property Sub-Type: New Construction
  • Internal Features:Water Heater: Electric
  • Alternate Heat:None7: Yes
  • Ceiling:Vaulted: Yes
  • Siding:Cedar: Yes
  • Siding:Concrete Composite: Yes
  • DeckPatio:Covered Porch: Yes
  • Miscellaneous Possession: COE
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted Ceiling(s)

Exterior Features

  • View: Ocean
  • Foundation Details: Cont/Con
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Roof: Composition

Garage/Parking

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

Utilities

  • Water Source: Public
  • HeatingCooling:Electric Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 111108BB-7700-00
  • Zoning: C-2 General Commercial

Tax Info

  • Tax Annual Amount: 704.29
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
May 14, 2020
Sold by
Heisler Peter R and Heisler Heather J
Bought by
Emond Lisa and Emond Robert
Seller's Agent
Brodie Becksted
Equity Plus Real Estate
Buyer's Agent
BRODIE BECKSTED
S & W REAL ESTATE
List Price
$559,000
Sold Price
$500,000
Premium/Discount to List
-$59,000
-10.55%
Current Estimated Value
$744,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,463
Avg. Annual Appreciation
7.61%
Original Mortgage
$450,000
Outstanding Balance
$398,762
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$345,701

Purchase Details

Listed on
Mar 8, 2019
Closed on
May 12, 2020
Sold by
Heisler Property Holdings Llc
Bought by
Heisler Peter R and Heisler Heather J
Seller's Agent
Brodie Becksted
Equity Plus Real Estate
Buyer's Agent
BRODIE BECKSTED
S & W REAL ESTATE
List Price
$559,000
Sold Price
$500,000
Premium/Discount to List
-$59,000
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$398,762
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$345,701

Purchase Details

Closed on
Nov 17, 2015
Sold by
Cornelius Janet and Janet L Leman Revocable Living
Bought by
Ocean Equity Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 24, 2005
Sold by
Johnsen Carla A and The Carla A Johnsen Revocable
Bought by
Maguire Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
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
Emond Lisa $500,000 Western Title & Escrow
Heisler Peter R -- Western Title & Escrow
Ocean Equity Investments Llc $220,000 Western Title & Escrow
Maguire Paul J $675,000 Wte
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emond Lisa $450,000
Previous Owner Ocean Equity Investments Llc $220,000
Previous Owner Maguire Paul J $527,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2020 05/15/20 Sold $500,000 -10.6% $263 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
03/08/2019 03/08/19 For Sale $559,000 +408.2% $294 / Sq Ft
07/05/2018 07/05/18 Sold $110,000 -12.0% $58 / Sq Ft View Prior Sale
06/22/2018 06/22/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $125,000 -- $66 / 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 $5,703 $316,050 -- --
2023 $5,569 $306,850 $0 $0
2022 $5,397 $297,920 $0 $0
2021 $5,304 $289,250 $0 $0
2020 $5,178 $280,830 $0 $0
2019 $727 $39,970 $0 $0
2018 $704 $38,810 $0 $0
2017 $698 $37,680 $0 $0
2016 $683 $36,590 $0 $0
2015 $634 $35,530 $0 $0
2014 $619 $34,500 $0 $0
2013 -- $33,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brodie Becksted

    Seller's Agent in 2020

    Brodie Becksted

    Equity Plus Real Estate

    (541) 270-2484

    12 in this area

    208 Total Sales

    Brodie Becksted
    Section Image

  • H

    Seller Co-Listing Agent in 2020

    Heidi Rogers

    Ocean Equity Real Estate & Investments, LLC

  • B

    Buyer's Agent in 2020

    BRODIE BROKER

    Windermere WCP Real Estate Gallery

See All Agents

Map

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

MLS Number: 19-565

APN: R11931

Oregon Lincoln County Newport 97365 Nye Beach

720 W Olive St, Newport, OR

This home is located at 720 W Olive St, Newport, OR 97365 since 08 March 2019 and is currently estimated at $744,463, approximately $391 per square foot. This property was built in 2019. 720 W 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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