NOT LISTED FOR SALE

Newport, OR 97365

Estimated Value: $391,000

6 Beds
3 Baths
7,616 Sq Ft
$51/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $1,150,000 $151 Per Sq Ft

Current estimated payment $2,073/month

Highlights

  • Deck
  • Outdoor Storage
  • High Speed Internet
  • Views
  • Washer and Dryer
  • 1-minute walk to Ocean Shore State Recreation Area

About This Home

As of January 2021

Newport 8 Plex coastal investment with many investment opportunities. Just across the street from oceanfront and miles of sandy beaches. This property has been established as 8 condominiums all on their own tax lots. Currently grossing $101,400 each 2 bed 1 bath unit is on individual electric meter with 1 water meter. Close to the historic Nye Beach area restaurants and shops. **Shown by appointment only**

Last Agent to Sell the Property

Dennis Regen

Taylor & Taylor Realty Co. License #810604051 Listed on: 03/18/2020

Co-Listed By

Korey Hazard

Taylor & Taylor Realty Co. License #201219450

Last Buyer's Agent

Erika Yoshida

Metro Northwest Realty License #200604189

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 8,538

Parking

  • Assigned Parking

Home Design

  • Slab Foundation
  • Cement Siding

Interior Spaces

  • 2-Story Property
  • Washer and Dryer
  • Property Views

Kitchen

  • Microwave
  • Dishwasher

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

  • Electric Water Heater
  • High Speed Internet

Community Details

  • 8 Units
  • Property managed by Dolphin Property Management

Listing and Financial Details

  • Rent includes trash collection, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 7616
  • Stories: 2
  • Year Built: 1972
  • Property Condition: Existing
  • Remarks Public: Newport 8 Plex coastal investment with many investment opportunities. Just across the street from oceanfront and miles of sandy beaches. This property has been established as 8 condominiums all on their own tax lots. Currently grossing $101,400 each 2 bed 1 bath unit is on individual electric meter with 1 water meter. Close to the historic Nye Beach area restaurants and shops. **Shown by appointment only**
  • Unreinforced Masonry Building: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ELIZABETH SHORES CONDO, LOT UNITS 1-8, DOC200906707
  • Basement: None
  • Storage: Deck

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 15,000 to 19,999 SqFt
  • Roof Type: Built-Up
  • View: Ocean
  • Foundation Details: Slab
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Assigned

Utilities

  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Internet Service Type: Cable
  • Security: Unknown

Condo/Co-op/Association

  • Management Name: Dolphin Property Management
  • Unit Features: Deck, Dishwasher, Microwave, Washer/Dryer

Schools

  • Elementary School: Sam Case
  • Middle School: Newport
  • High School: Newport

Lot Info

  • Lot Description: Ocean Beach 1/4 Mile or Less
  • Zoning: R4

Rental Info

  • Rent Includes: Trash Collection, Maintenance Grounds

Tax Info

  • Tax Amount: 1218.65
  • Assessor Parcel Number: R30541
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 11.79

MLS Schools

  • Elementary School: Sam Case
  • High School: Newport
  • Middle School: Newport

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

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $1,150,000 -3.8% $151 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $1,195,000 0.0% $157 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $1,195,000 -- $157 / 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 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Regen

    Seller's Agent in 2021

    Dennis Regen

    Taylor & Taylor Realty Co.

    (541) 994-4169

    641 Total Sales

    Dennis Regen
    Section Image
  • Korey Hazard

    Seller Co-Listing Agent in 2021

    Korey Hazard

    Taylor & Taylor Realty Co.

    (541) 961-7519

    314 Total Sales

    Korey Hazard
    Section Image

  • E

    Buyer's Agent in 2021

    Erika Yoshida

    Metro Northwest Realty

    Section Image
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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20276980

Regional Multiple Listing Service (RMLS)

APN: R501731

Oregon Lincoln County Newport

97365

This home since 18 March 2020 and is currently priced at $391,000, approximately $51 per square foot. This property was built in 1972. This home 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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