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

$470,100 Zestimate^®

$300/sqft

$2,454 Estimated rent

Home value

$470,100

$442,000 - $498,000

$2,454/mo

Zestimate^® history

Owner options

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$2,454/mo

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$2,454/mo

Rent Zestimate^®

Refinance and save

$2,733/mo

Est. payment

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$2,733/mo

Est. payment

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What's special

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!

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 Square Feet
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 & HOA

Community

Subdivision: Ocean View

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $300/sqft
Tax assessed value: $486,830
Annual tax amount: $3,457
Date on market: 8/9/2024
Listing terms: 1031 Exchange,Cash,Submit
Electric utility on property: Yes
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
2025	$4,025 +2.1%	$231,890 +3%
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