tomo logo

$475,000

Beds
4
Baths
2.0
sq ft
2,312

460 Highway 101 S, Rockaway Beach, OR 97136

460 Highway 101 S

Rockaway Beach, OR 97136

  • 4 days on market
This charming property provides a rich history & an unbeatable location. Originally constructed in 1925 as a schoolhouse, this 4/bed, 2/bath home is a rare opportunity to own a piece of local heritage. Situated across the street from the beach, and walking distance to downtown shopping/dining, this residence is perfectly positioned for both relaxation & convenience. Zoned for commercial use & operating as a thriving business, the possibilities are endless. The welcoming entrance leads you into a cozy living room, ideal for relaxing with family or setting up your business . The kitchen is a true centerpiece, inviting you to create memorable meals & moments. Whether you're looking to make this your forever home, beach getaway or capitalize on its commercial potential 460 S Hwy 101 offers.

Details

Property type

Single Family Residence

Est. home value

$531,116

Lot size

4,356 sq ft

Price per sq ft

$206

Year built

1925

Annual property taxes

$1,566.59

Price History

09/15/2024
PortlandOR

PortlandOR #24223062

Listed
$475,000
+68.44%
08/14/2020
PortlandOR

PortlandOR #19382022

Sold
$282,000
+61.14%
08/21/2014
PortlandOR

PortlandOR #14443654

Sold
$175,000

Schools & Community

Elementary school: 

Garibaldi

Middle school: 

Neah-Kah-Nie

High school: 

Neah-Kah-Nie

Negotiation Insights

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

Seller could get up to

$205,431
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$231,569
Cash to seller
$205,431

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

August 2020

Original loan amount

$253,800

Est. remaining balance

$231,569

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Tom W Wolfe and Andrea Wolfe

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?

Status: Active

Tomo last checked: 09/18/2024 at 7:00 PM

Listing updated: 09/15/2024 at 4:19 PM

Listed by: Sydney Collett, Rob Trost Real Estate LLC Phone #: (503) 842-9090

MLS: PortlandOR #24223062

PortlandOR logo

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