tomo logo

$489,000

Beds
3
Baths
3.0
sq ft
1,698

3570 N Highway 101, Depoe Bay, OR 97341

3570 N Highway 101

Depoe Bay, OR 97341

  • 363 days on market
    • Price drop $10,000↓
Fantastic income property. Zoned for just about anything you can want it for. One unit has recently been fully remodeled, the other two were partially updated in 2018. Comes with a big billboard with Northern and Southern Hwy 101 exposure for additional income. If buildings are used to house a business' this is a great asset. This is the first time units have been vacant in years and are only being kept that way to make it easier to show and sell. Great spot halfway between Newport and Lincoln City. Zoned Commercial tourist so the sky is the limit. Seller is a license broker in the State of Oregon.

Details

Property type

Townhouse

Property condition

Updated/Remodeled

Lot size

6,969 sq ft

Price per sq ft

$288

Year built

1930

Annual property taxes

$2,666.4

Price History

08/20/2024
PortlandOR

PortlandOR #23614902

Removed
$489,000
08/05/2024
PortlandOR

PortlandOR #23614902

Listed
$489,000
06/29/2024
PortlandOR

PortlandOR #23614902

Price change
$489,000
-2%

Schools & Community

Elementary school: 

Oceanlake

Middle school: 

Taft

High school: 

Taft

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Forrit Cu

Loan start date

May 2023

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

5.64%

Loan type

Stand Alone Second, 15 year

Seller

Shelli Renee Neal and Shelli Renee Neal Revocable Trust

Lender

United Wholesale Mortgage

Loan start date

December 2020

Original loan amount

$341,880

Est. remaining balance

$311,132

Interest rate

2.81%

Loan type

VA, 30 year

Seller

Shelli Renee Neal

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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1502 SE Marine Ave, Lincoln City, OR 97367

Status: Active

Tomo last checked: 12/23/2024 at 9:20 AM

Listing updated: 09/22/2024 at 1:06 AM

Listed by: Shelli Neal, Realty One Group At The Beach Phone #: (503) 881-2313

MLS: PortlandOR #23614902

PortlandOR logo

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