Presenting a must-see, fantastic opportunity for the right buyer! Originally constructed as a one-story ranch-style home in 1957, the owner then added an engineered and permitted steel beam structure up to the third story height, upon which a 30 x 30 home was built. Situated just two blocks from the ocean and minutes away from essential amenities such as hospital, groceries, and fuel, this property in Newport, Oregon, offers unparalleled convenience. With a breathtaking, unobstructed ocean view, a spacious lot providing front and rear access, and a generously sized garage (15 feet tall, 20 feet wide, and 30 feet deep), suitable for a motorhome, boat, workshop, and more, this home provides endless possibilities. Additionally, downstairs features a completely separate one-bedroom rental apartment, ensuring a steady stream of income. This home is waiting to be finished and transformed into someone's dream ocean view residence. Don't miss out,schedule your tour today!
Closed
$450,000
1040 NW Hurbert St, Newport, OR 97365
2beds
2baths
1,500sqft
Single Family Residence
Built in 1957
6,534 Square Feet Lot
$475,900 Zestimate®
$300/sqft
$2,404 Estimated rent
Home value
$475,900
$447,000 - $504,000
$2,404/mo
Zestimate® history
Owner options
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$2,699/mo
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Hannah Katz 541-418-3101,
Coldwell Banker Professional Group - Lincoln City
Bought with:
Stacey Clendenin, 201220935
Realty One Group At The Beach, Newport
Alishia J Smith, 201241702
Realty One Group At The Beach, Newport
Source: OCMLS,MLS#: LC-101035
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Utility room
- Description: Hookups/Unfinished
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Water Heater
Features
- Roll In Shower, Wide Interior Halls and Doors, Vaulted Ceiling(s)
- Flooring: Other, Tile, Wood
- Has basement: No
- Has fireplace: Yes
- Fireplace features: EPA Certified Wood Stove
Interior area
- Total structure area: 1,500
- Total interior livable area: 1,500 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached Garage, RV Access/Parking
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 sqft
- Dimensions: 52 x 120
Details
- Parcel number: 111105CA110000
- Zoning description: R-4 Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other, Shake Siding, Shingle Siding
- Foundation: Block, Concrete Perimeter, Slab
- Roof: Composition
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available
Community & neighborhood
Location
- Region: Newport
- Subdivision: Ocean View
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Submit
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2024 | Sold | $450,000-12.6%$300/sqft |
Source:  OCMLS #LC-101035 Report a problem | ||
| 8/9/2024 | Pending sale | $515,000$343/sqft |
Source: OCMLS #24-904 Report a problem | ||
| 8/9/2024 | Listed for sale | $515,000$343/sqft |
Source: OCMLS #24-904 Report a problem | ||
| 8/8/2024 | Pending sale | $515,000$343/sqft |
Source:  RMLS (OR) #24400560 Report a problem | ||
| 7/21/2024 | Contingent | $515,000$343/sqft |
Source: OCMLS #24-904 Report a problem | ||
| 5/3/2024 | Listed for sale | $515,000+347.8%$343/sqft |
Source: OCMLS #24-904 Report a problem | ||
| 4/29/2002 | Sold | $115,000+10%$77/sqft |
Source:  OCMLS #02-1280 Report a problem | ||
| 9/24/1997 | Sold | $104,500$70/sqft |
Source: OCMLS #97-11280 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,941 +17.5% | $225,140 +18.2% |
| 2023 | $3,354 +3.2% | $190,530 +3% |
| 2022 | $3,251 -1.3% | $184,990 +3% |
| 2021 | $3,294 +5.6% | $179,610 +3% |
| 2020 | $3,119 | $174,380 +3% |
| 2019 | -- | $169,310 +3% |
| 2018 | $2,983 -15.9% | $164,380 +3% |
| 2017 | $3,549 +22.6% | $159,600 +3% |
| 2016 | $2,894 | $154,960 +3% |
| 2015 | $2,894 +10.3% | $150,450 +3% |
| 2014 | $2,623 | $146,070 +3% |
| 2013 | $2,623 +9.9% | $141,820 +3% |
| 2012 | $2,387 +3.2% | $137,690 +3% |
| 2011 | $2,314 +2.6% | $133,680 |
| 2010 | $2,255 +3.1% | $133,680 +6.1% |
| 2009 | $2,186 +1.7% | $126,010 |
| 2008 | $2,150 +3.5% | $126,010 +6.1% |
| 2007 | $2,077 | $118,780 |
Find assessor info on the county website
Neighborhood: 97365
Nearby schools
GreatSchools rating
- 5/10Sam Case ElementaryGrades: 3-5Distance: 0.6 mi
- 3/10Newport Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Newport High SchoolGrades: 9-12Distance: 0.7 mi
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- Oregon
- Lincoln County
- Newport
- 97365
- 1040 NW Hurbert St
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