NOT LISTED FOR SALE

7985 NE Park Ln Otis, OR 97368

Neotsu Neighborhood

Estimated Value: $585,000 - $846,000

3 Beds
3 Baths
2,058 Sq Ft
$343/Sq Ft Est. Value

Last Sold April 13, 2020

Last sale price $170,000 $83 Per Sq Ft

Est. 315% increase in value since last sale

Current estimated payment $4,194/month

9 Days on Market

Highlights

  • 3.01 Acre Lot
  • Traditional Architecture
  • No HOA
  • Vaulted Ceiling
  • Bonus Room
  • Fireplace

About This Home

As of April 2020

3 bedroom, 3 bathroom secluded ranch style home on 3 forested acres close to the lake, ocean beaches, and all of the amenities of Lincoln City! Massive brick fireplace! Natural wood accents in living room! Storage sheds! Nice serene, country setting for this large family home! In lieu of making more repairs, seller has decided to lower the price of this property and sell AS IS!

Last Agent to Sell the Property

Jerry Biesterfeld

Taylor & Taylor Realty Company License #200606246 Listed on: 03/21/2020

Last Buyer's Agent

Out of Area

OUT OF AREA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,412

Year Built

  • Built in 1975

Lot Details

  • 3.01 Acre Lot
  • Property is zoned RR-5 Rural 5 acre

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,058 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Forced Air Heating System
  • Electricity To Lot Line
  • Natural Gas Not Available
  • Well
  • Water Heater
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 071006CB-100-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,412

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 3.01
  • Lot Size: IRR
  • Lot Size Sq Ft: 131115.6
  • Road Surface Type: Paved
  • Directions: NE East Devils Lake Rd to NE Park Ln, east on Park Ln, approximately 1 mile to property.
  • Architectural Style: Traditional
  • Garage Yn: No
  • Year Built: 1975
  • Contract Information:BankLender Owned: Yes
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 3.01
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 00100
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 3.0
  • General Property Description:Levels: One
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Electric:On Property2: Yes
  • General Property Description:Lot Dimensions: IRR
  • Location Tax and Other Information:Subdv ParcelLot: N/A
  • General Property Description:Property Sub-Type: Single Family Residence
  • Internal Features:Water Heater: Electric
  • Gas:None6: Yes
  • Ceiling:Vaulted: Yes
  • Alternate Heat:Fireplace: Yes
  • Handicap Features:Level Entry: Yes
  • Miscellaneous Possession: COE
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Fireplace Features: Wood-burning Fireplace
  • Fireplace: Yes
  • Interior Amenities: Vaulted Ceiling(s)

Exterior Features

  • View: None
  • Foundation Details: Cont/Con
  • Other Structures: None
  • Roof: Composition

Garage/Parking

  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Heating Yn: Yes
  • Water Source: Well
  • HeatingCooling:Forced Air: Yes
  • Sewer Septic: Yes
  • Water Well: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 071006CB-100-00
  • Zoning: RR-5 Rural 5 acre

Tax Info

  • Tax Annual Amount: 2411.86
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2020
Closed on
Apr 10, 2020
Sold by
Fannie Mae
Bought by
P & M Renovation Llc
Seller's Agent
Jerry Biesterfeld
Taylor & Taylor Realty Company
Buyer's Agent
Out of Area
OUT OF AREA
List Price
$210,000
Sold Price
$170,000
Premium/Discount to List
-$40,000
-19.05%
Current Estimated Value
$706,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,248
Avg. Annual Appreciation
30.83%
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
P & M Renovation Llc -- Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dare Val $487,500
Previous Owner Dare Val $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2020 04/13/20 Sold $170,000 0.0% $83 / Sq Ft
04/13/2020 04/13/20 Sold $170,000 -19.0% $83 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
03/30/2020 03/30/20 Pending -- -- --
03/21/2020 03/21/20 For Sale $210,000 +13.2% $102 / Sq Ft
03/20/2020 03/20/20 Price Changed $185,500 0.0% $90 / Sq Ft
03/20/2020 03/20/20 For Sale $185,500 +9.1% $90 / Sq Ft
10/07/2019 10/07/19 Off Market $170,000 -- --
08/25/2019 08/25/19 Price Changed $210,000 0.0% $102 / Sq Ft
08/25/2019 08/25/19 For Sale $210,000 +23.5% $102 / Sq Ft
04/01/2019 04/01/19 Off Market $170,000 -- --
08/17/2018 08/17/18 For Sale $268,000 -- $130 / 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 $3,530 $278,950 -- --
2023 $3,420 $270,830 $0 $0
2022 $3,322 $262,950 $0 $0
2021 $3,142 $255,300 $0 $0
2020 $2,550 $204,240 $0 $0
2019 $2,459 $198,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jerry Biesterfeld

    Taylor & Taylor Realty Company

    Section Image

  • O

    Buyer's Agent in 2020

    Out of Area

    OUT OF AREA

  • Connie Brockway

    Buyer's Agent in 2020

    Connie Brockway

    Elite Realty & Associates LLC

    (503) 544-1196

    53 Total Sales

    Section Image
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Map

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

MLS Number: 19-2232

APN: R69797

Oregon Lincoln County Otis 97367 Neotsu

7985 NE Park Ln, Otis, OR

This home is located at 7985 NE Park Ln, Otis, OR 97368 since 21 March 2020 and is currently estimated at $706,248, approximately $343 per square foot. This property was built in 1975. 7985 NE Park Ln 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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