NOT LISTED FOR SALE

7908 NE 50th St Otis, OR 97368

Estimated Value: $545,000 - $613,275

3.61 Acres
$158,105 Price per Acre
157,252 Sq Ft Lot

Last Sold October 30, 2015

Last sale price $150,000

Est. 281% increase in value since last sale

Current estimated payment $3,412/month

7 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Lot Has A Rolling Slope

About This Lot

As of October 2015

Acreage with distant Ocean & Mountain views! Beautiful usable land. Septic, Well and Power are IN! Over $60,000 of development cost already invested. Charming storage building with open area below. Partially fenced & Seasonal pond. Top of the hill, with forest behind property, just minutes to the beach, shopping & dinning. Sellers paid $265k in 2008 for the land. Broker Owner

Last Agent to Sell the Property

Heidi Johnson

Coldwell Banker Gesik Realty, Inc Listed on: 07/03/2015

Last Buyer's Agent

Scott Arehart

Coldwell Banker Gesik Realty, Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,211

Lot Details

  • 3.61 Acre Lot
  • Lot Has A Rolling Slope
  • Property is zoned RR-5 Rural 5 acre

Property Views

  • Ocean
  • Mountain

Utilities

  • Gas Available at Street
  • Well
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 061031C-1203-00

Property Details

Property Type

Land

Est. Annual Taxes

$1,211

Lot Details

0

Listing Details

  • Property Sub Type: Land - Residential
  • Prop. Type: Land-Residential
  • Road Frontage Type: None
  • Lot Size Acres: 3.61
  • Lot Size: 3.61
  • Lot Size Sq Ft: 157251.6
  • Road Surface Type: Gravel
  • Directions: Hwy 101 to East Devils Lake Rd, East on NE 50th, keep right at fork in road, follow to top of hill to property. See signs
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Land Sub-Type: Land
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: Mountain
  • General Property Description:_pound_ of Acres: 3.61
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 1203
  • Miscellaneous Survey: No
  • Gas:At Street3: Yes
  • Electric:On Property2: Yes
  • General Property Description:Lot Dimensions: 3.61
  • Location Tax and Other Information:Subdv ParcelLot: NA
  • Topography:Rolling: Yes
  • Septic:Septic In2: Yes
  • Special Features: None

Exterior Features

  • View: Ocean

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Well
  • Sewer Septic: Yes
  • Water Well: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 061031C-1203-00
  • Zoning: RR-5 Rural 5 acre

Tax Info

  • Tax Annual Amount: 1211.13
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2015
Closed on
Oct 29, 2015
Sold by
Johnson Nathan D and Johnson Heidi M
Bought by
Randolph Cecelia C and Randolph Steve
Seller's Agent
Heidi Johnson
Coldwell Banker Gesik Realty, Inc
Buyer's Agent
Scott Arehart
Coldwell Banker Gesik Realty, Inc
List Price
$185,000
Sold Price
$150,000
Premium/Discount to List
-$35,000
-18.92%
Current Estimated Value
$570,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,758
Avg. Annual Appreciation
13.91%
Original Mortgage
$135,000
Outstanding Balance
$4,049
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$536,438

Purchase Details

Listed on
Jul 3, 2015
Closed on
Oct 23, 2015
Sold by
Pietrok Calrence A and Pietrok Irene
Bought by
Johnson Nathan D and Johnson Heidi M
Seller's Agent
Heidi Johnson
Coldwell Banker Gesik Realty, Inc
Buyer's Agent
Scott Arehart
Coldwell Banker Gesik Realty, Inc
List Price
$185,000
Sold Price
$150,000
Premium/Discount to List
-$35,000
-18.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$4,049
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$536,438

Purchase Details

Closed on
May 5, 2011
Sold by
Johnson Nathan and Johnson Heidi
Bought by
Pietrok Clarence A and Pietrok Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 21, 2011
Sold by
Pietrok Clarence A and Pietrok Irene
Bought by
Johnson Nathan and Johnson Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 9, 2008
Sold by
Oroak James F and Oroak Deborah
Bought by
Johnson Nathan and Johnson Heidi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2006
Sold by
Oroak James F
Bought by
Oroak James F and Oroak Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2006
Sold by
George Kathleen D and George Gary
Bought by
Oroak James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Randolph Cecelia C $150,000 Western Title & Escrow
Johnson Nathan D -- Western Title & Escrow
Pietrok Clarence A $125,000 Western Title & Escrow
Johnson Nathan $125,000 Wte
Johnson Nathan $265,000 Western Title & Escrow
Oroak James F -- First American Title Ins Co
Oroak James F $230,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randolph Cecelia C $135,000
Previous Owner Johnson Nathan $125,000
Previous Owner Johnson Nathan $215,000
Previous Owner Oroak James F $132,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold $150,000 -18.9% --
07/10/2015 07/10/15 Pending -- -- --
07/03/2015 07/03/15 For Sale $185,000 -- --
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 $3,692 $286,270 -- --
2023 $3,578 $277,940 $0 $0
2022 $3,475 $269,850 $0 $0
2021 $1,997 $156,990 $0 $0
2020 $1,626 $125,690 $0 $0
2019 $1,569 $122,030 $0 $0
2018 $1,509 $118,480 $0 $0
2017 $1,423 $115,030 $0 $0
2016 $1,286 $108,610 $0 $0
2014 $1,201 $99,780 $0 $0
2013 -- $101,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2015

    Heidi Johnson

    Coldwell Banker Gesik Realty, Inc

  • S

    Buyer's Agent in 2015

    Scott Arehart

    Coldwell Banker Gesik Realty, Inc

See All Agents

Map

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

MLS Number: 14-126

APN: R429391

Oregon Lincoln County Otis 97368

7908 NE 50th St, Otis, OR

This home is located at 7908 NE 50th St, Otis, OR 97368 since 03 July 2015 and is currently estimated at $570,758. 7908 NE 50th St is a home located in Lincoln County with nearby schools including Oceanlake Elementary School, Taft Elementary School, and Taft High School.

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