$1,800,000
SOLD OCT 12, 2023

85877 N Bank Ln Bandon, OR 97411

8 Beds
4 Baths
3,200 Sq Ft
157.25 Acres

Recently Sold

$562 Per Sq Ft

16% Below List Price

52 Days on Market

Highlights

  • Additional Residence on Property
  • Barn
  • RV Access or Parking
  • Ocean View
  • Second Garage
  • Custom Home

About This Home

As of October 2023

HISTORIC MYRTLE GROVE RANCH! Special Oregon Coast spot chosen by the Pioneers & the Indians before them. Very private, lush, green 157 acres, TALL TIMBER, estimated 9 million board feet, 3 homes, pasture, farmland, sunny southern exposure, orchards, berries, grapes, gardens, wildlife, elk, deer, turkeys, geese, ducks, quail, etc., 80 acres merchantable timber, 50 acres hardwoods(myrtle, maple, alder) 27 acres hay, grazing, gardens, orchards. Homes: custom 3100 sq. ft. cedar lodge style passive solar tri-level, 4 bed, 2 bath with river valley views, Remodeled farmhouse, was historic schoolhouse, 2200 sq. ft., 3 bed, 1 bath; Park Model with stick built living room, under cover, 8 plus barns & commercial buildings, 27,000 sq. ft., good old water rights, creek, springs, ponds, scenic trails throughout, 3 phase electric with standby 100kw generator, ton of equipment, vehicles & furnishings included, Coquille River/dock access per seller. Former organic dairy, sawmill & wood, lumber manufacturing, now selling hay, cattle, myrtlewood, firewood. Suitable for equestrian, vineyards, winery, food processing, wholesale & retail businesses, hiking, camping. Tallest mountain near Bandon overlooking 50 mile ocean view & Bandon Dunes Golf Resort! This historic ranch invites you to create your own legacy in an enchanting coastal paradise.

Last Agent to Sell the Property

Mel Garrett

Chas. Waldrop Real Estate LLC License #200308129 Listed on: 07/04/2023

Last Buyer's Agent

Mel Garrett

Chas. Waldrop Real Estate LLC License #200308129 Listed on: 07/04/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,149

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 157.25 Acre Lot
  • Poultry Coop
  • Gated Home
  • Cross Fenced
  • Barbed Wire
  • Perimeter Fence
  • Secluded Lot
  • Private Yard
  • Garden
  • Property is zoned EFU/F*

Parking

  • 9 Car Detached Garage
  • Second Garage
  • Workshop in Garage
  • Off-Street Parking
  • RV Access or Parking

Property Views

  • Ocean
  • River
  • Valley

Home Design

  • Custom Home
  • Cabin
  • Ranch Property
  • Converted Dwelling
  • Slab Foundation
  • Stem Wall Foundation
  • Metal Roof
  • Wood Siding
  • Shingle Siding
  • Cedar

Interior Spaces

  • 3,200 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Natural Light
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Gas Oven or Range
  • Free-Standing Gas Range
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 8 Bedrooms
  • In-Law or Guest Suite
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Accessible Home Design

  • Accessibility Features
  • Level Entry For Accessibility
  • Minimal Steps

Outdoor Features

  • Patio
  • Outbuilding
  • Porch

Schools

  • Ocean Crest Elementary School
  • Harbor Lights Middle School
  • Bandon High School

Farming

  • Barn
  • Farm
  • 37 Acres of Pasture
  • 105 Irrigated Acres

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Wood
  • Electricity To Lot Line
  • Three-Phase Power
  • Spring water is a source of water for the property
  • Irrigation Water Rights
  • Propane Water Heater
  • Septic Tank
  • High Speed Internet

Additional Features

  • Heating system powered by passive solar
  • Additional Residence on Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 949800

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,149

Year Built

Built in 1987 | Remodeled

Lot Details

0

Parking

9

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 3
  • Year Built: 1987
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: CustomStyle, Lodge
  • Habitable Residence: Yes
  • New Construction: No
  • Property Attached Yn: No
  • ElectricOnPropertyDesc: _3Phase
  • Open House: No
  • OtherStructuresFeatures1: Volts220,Bathroom,BuiltinFeatures,Kitchen,SeparateElectricMeter,VinylWindowDoublePaned,WoodFloors,WoodStove
  • OtherStructuresFeatures2: Volts220,_3Phase,ConcreteFloor,ElectricityConnected,Loft,Plumbed,SecurityLights,Workshop
  • OtherStructuresFeatures3: Volts220,ConcreteFloor,ElectricityConnected,SeparateElectricMeter,Workshop
  • OtherStructuresFeatures4: ConcreteFloor,HayStorage,Storage
  • OtherStructuresFeatures5: Volts220,ConcreteFloor,ElectricityConnected,Loft,SecurityLights,SeparateElectricMeter,Storage,WoodStove,Workshop
  • OtherStructuresFeatures6: ConcreteFloor,HayStorage,Storage
  • OtherStructuresType1: SecondResidence
  • OtherStructuresType2: Barn
  • OtherStructuresType3: Barn
  • OtherStructuresType4: Barn
  • OtherStructuresType5: Barn
  • OtherStructuresType6: Barn
  • PublicRemarksFarm: Also 2 chicken houses, fenced gardens, fruit trees, scenic trials/roads throughout. Southern exposure. Suitable for equestrian,vineyards. World class fishing nearby. Wildlife galore
  • PublicRemarksOtherStructures: Also two 2000+- sq. ft. Feeder Barns. Also 3rd residence Park Model w/ Stick built Living room all under cover. "Old Schoolhouse" 2nd Home renovated. Barns hold approx. 12000 bales. Farm Equipment, Machine Shop Equipment, Tools, Negotiable.
  • Room 10 Features: Skylight,SlidingDoors
  • Room 11 Features: EatBar,GasAppliances,GourmetKitchen,Island
  • Room 12 Features: Patio,Skylight
  • Room 13 Features: Bathroom,BayWindow,BeamedCeilings,Skylight
  • Room 7 Features: BayWindow,BeamedCeilings,Skylight
  • Room 8 Features: Skylight
  • Special Features: VirtualTour

Interior Features

  • Accessibility Features: GroundLevel, MinimalSteps, NaturalLighting
  • Total Bathrooms: 4.0
  • Fireplaces: 1
  • Interior Amenities: ConcreteFloor, Granite, HighCeilings, Laundry, PassiveSolar, WasherDryer, WoodFloors
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Upper
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: FreeStandingGasRange, FreeStandingRefrigerator, GasAppliances, Granite, Island, StainlessSteelAppliance
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 4
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 4.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: Acres100to200
  • OtherStructuresBaths1: 1.0
  • OtherStructuresBathsTotal: 1.00
  • Additional Room 10 Level: Upper
  • Room 11 Level: Main
  • Room 12 Level: Lower
  • Room 13 Level: Lower
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar,ShingleSiding,WoodSiding
  • Exterior Features: Barn, CrossFenced, Fenced, Garden, GuestQuarters, Outbuilding, Patio, Porch, PoultryCoop, RVParking, RVBoatStorage, SecondGarage, SecondResidence, Workshop, Yard
  • Farm Type: Ranch
  • Lot Size: 100 to 199.99 Acres
  • Foundation Details: Slab, StemWall
  • R V Description: RVParking,RVBoatStorage
  • View: Yes
  • Fencing: BarbedWire, CrossFenced, Perimeter
  • Lot Features: Gated, MerchantableTimber, Private, Secluded
  • Road Surface Type: Gravel, Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Metal
  • View: Ocean,River,Valley

Garage/Parking

  • Garage Type: Detached
  • Parking Description: OffStreet, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 9.0
  • Total Parking Spaces: 9.0
  • OtherStructuresGarageDimensions: Barns
  • OtherStructuresGarageNoDetached: 4

Utilities

  • Energy Efficiency Features: PassiveSolar
  • Fuel Description: Electricity,WoodBurning
  • Hot Water: Propane
  • Internet Service Type: DSL,Satellite
  • Cooling Y N: No
  • Heating: PassiveSolar, WoodStove, Zoned
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Sewer: SepticTank
  • Water Source: Spring

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Ocean Crest
  • High School: Bandon
  • Middle Or Junior School: Harbor Lights

Lot Info

  • Farm Addl Dwelling Desc: 8 barns 3 homes
  • Farm Addl Dwelling: Yes
  • Farm Addl Parcels: No
  • Farm Fixtures Excluded: No
  • Farm Personal Property: Yes
  • Farm: Yes
  • Water Rights Acres Irrigated: 105.00
  • Water Rights Application Id: 47670
  • Water Rights Certificate Id: 6011, 6012
  • Water Rights Consecutive Non Use: No
  • Water Rights Current: Yes
  • Water Rights Delivery Method: Gravity
  • Water Rights Permit Id: 65332
  • Water Rights Status: Active
  • Water Rights Type: GroundWater,SurfaceWater
  • Water Rights Use: Domestic,Irrigation
  • Zoning: EFU/F*
  • Possible Use: Cattle, GrowingHay, Horses, Pasture
  • Lot Size Acres: 157.25
  • Lot Size Sq Ft: 6849810.0
  • Cultivated Acreage: 1.0
  • Pasture Area: 37.0
  • Wooded Area: 110.0
  • Parcel #: 949800
  • Irrigation Water Rights Acres: 105.0
  • Irrigation Water Rights: Yes

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 7148.87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2023
Closed on
Sep 28, 2023
Sold by
Boatman John and Boatman Marilyn
Bought by
Weed Stephen Charles
Seller's Agent
Mel Garrett
Chas. Waldrop Real Estate LLC
Buyer's Agent
Mel Garrett
Chas. Waldrop Real Estate LLC
List Price
$2,150,000
Sold Price
$1,800,000
Premium/Discount to List
-$350,000
-16.28%
Views
103
Current Estimated Value
$1,831,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,468
Avg. Annual Appreciation
-0.83%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,800,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $120,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2023 10/12/23 Sold $1,800,000 -16.3% $563 / Sq Ft
08/26/2023 08/26/23 Pending -- -- --
07/04/2023 07/04/23 For Sale $2,150,000 -- $672 / 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 $7,588 $692,764 -- --
2023 $7,319 $672,817 $0 $0
2022 $7,149 $653,454 $0 $0
2021 $6,946 $634,595 $0 $0
2020 $6,600 $634,595 $0 $0
2019 $6,284 $598,196 $0 $0
2018 $6,110 $580,795 $0 $0
2017 $5,948 $563,894 $0 $0
2016 $5,750 $547,487 $0 $0
2015 $5,010 $518,868 $0 $0
2014 $5,010 $503,772 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23137226

Regional Multiple Listing Service (RMLS)

APN: 1000949800