NOT LISTED FOR SALE

8975 8th St Bay City, OR 97107

Estimated Value: $384,943 - $469,000

4 Beds
2 Baths
1,540 Sq Ft
$269/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $357,000 $232 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,399/month

11 Days on Market

Highlights

  • Bay View
  • Bluff on Lot
  • Baseboard Heating
  • Nehalem Elementary School Rated 10

About This Home

As of February 2023

Single level duplex on spacious Tillamook Bay view lot located in Bay City. Each unit has 2 bedrooms, one full bath, and a garage. Ample parking for both units and a large flat shared yard out front. Ten minutes from Tillamook, just a few minutes from the bay and 70 miles from Portland. Use one side as your vacation getaway while earning income from the other side, or rent both units full time to maximize your investment.

Last Agent to Sell the Property

Coley Trost

Rob Trost Real Estate LLC License #201234152 Listed on: 01/13/2023

Last Buyer's Agent

Ansley Semsch

Urban Pacific Real Estate License #201216685

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,966

Year Built

  • Built in 1973

Lot Details

  • 0.25

Parking

  • 4 Car Garage
  • Open Parking

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Schools

  • Tillamook Middle School
  • Tillamook High School

Utilities

  • No Cooling
  • Baseboard Heating

Additional Features

  • Bay Views
  • Crawl Space
  • Bluff on Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 80717

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,966

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1973
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Bluff
  • Road Surface Type: Gravel
  • Disclosures: Exempt
  • Roof: Composition
  • View: Bay

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Security: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • High School: Tillamook
  • Middle Or Junior School: Tillamook

Lot Info

  • Zoning: BC-MI
  • Parcel #: 80717

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 1966.41

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Apr 3, 2023
Sold by
Semsch Shaun D
Bought by
Semsch Living Trust
Seller's Agent
Coley Trost
Rob Trost Real Estate LLC
Buyer's Agent
Ansley Semsch
Urban Pacific Real Estate
List Price
$370,000
Sold Price
$357,000
Premium/Discount to List
-$13,000
-3.51%
Views
2
Current Estimated Value
$404,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,416
Avg. Annual Appreciation
6.13%

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 8, 2023
Sold by
Lyle Cumming Credit Shelter Trust
Bought by
Semsch Shaun D and Semsch Ansley K
Seller's Agent
Coley Trost
Rob Trost Real Estate LLC
Buyer's Agent
Ansley Semsch
Urban Pacific Real Estate
List Price
$370,000
Sold Price
$357,000
Premium/Discount to List
-$13,000
-3.51%
Views
2

Purchase Details

Closed on
Oct 31, 2013
Sold by
Cumming Corinne E
Bought by
Cumming Corinne E and Lyle Cumming Credit Shelter Trust

Purchase Details

Closed on
Dec 21, 2007
Sold by
Cumming Lyle W and Cumming Corinne E
Bought by
Cumming Lyle W and Cumming Corinne E
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
Semsch Living Trust -- --
Semsch Shaun D $357,000 Ticor Title
Cumming Corinne E -- None Available
Cumming Lyle W -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2023 02/10/23 Sold $357,000 0.0% $232 / Sq Ft
02/10/2023 02/10/23 Sold $357,000 -3.5% $232 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/25/2023 01/25/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $370,000 0.0% $240 / Sq Ft
01/13/2023 01/13/23 For Sale $370,000 +3.6% $240 / Sq Ft
01/10/2023 01/10/23 Off Market $357,000 -- --
10/26/2022 10/26/22 For Sale $370,000 0.0% $240 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
10/01/2022 10/01/22 Price Changed $370,000 -3.9% $240 / Sq Ft
08/31/2022 08/31/22 For Sale $385,000 0.0% $250 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $385,000 -- $250 / 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 $2,205 $180,380 $92,280 $88,100
2023 $2,186 $175,130 $89,590 $85,540
2022 $1,966 $170,030 $86,980 $83,050
2021 $1,908 $165,080 $84,450 $80,630
2020 $1,861 $160,280 $81,990 $78,290
2019 $1,829 $155,620 $79,600 $76,020
2018 $1,795 $151,090 $77,280 $73,810
2017 $1,686 $146,699 $75,029 $71,670
2016 $1,642 $142,430 $72,850 $69,580
2015 $1,607 $138,290 $70,740 $67,550
2014 $1,630 $134,270 $68,690 $65,580
2013 -- $130,360 $66,690 $63,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23355378

Regional Multiple Listing Service (RMLS)

APN: R0080717