Closed

$415,000

1241 NE Keel Ave, Lincoln City, OR 97367

2beds

1baths

674sqft

Single Family Residence

Built in 1938

4,791 Square Feet Lot

$415,400 Zestimate^®

$616/sqft

$1,845 Estimated rent

Home value

$415,400

$395,000 - $436,000

$1,845/mo

Zestimate^® history

Owner options

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$1,845/mo

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$1,845/mo

Rent Zestimate^®

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$2,543/mo

Est. payment

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$2,543/mo

Est. payment

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What's special

This Cute and Cozy cottage, w/ partial ocean view, has a newer roof, plus was recently renovated in the spring of 2023, including new flooring, complete bathroom remodel, new HWH, electrical updates, a paved parking pad and quality furniture! Currently a successful Vacation Rental and being sold Turnkey! OP-MSH zoning allows for STR without a waitlist and home is compliant with current City codes (buyer to verify with the City)! $25k+ revenue in first 10mo, and Summer is not even here yet! Centrally located, close to beach access, shopping, and restaurants, this home is perfect for full time living, 2nd home, LTR or STR. Don't miss out!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1

Heating

Has Heating (Unspecified Type)

Appliances

Included: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Water Heater

Features

Flooring: Vinyl
Windows: Window Treatments
Has basement: No
Furnished: Yes

Interior area

Total structure area: 674
Total interior livable area: 674 sqft

Property

Parking

Total spaces: 1
Parking features: Detached Garage
Garage spaces: 1

Features

Levels: One
Stories: 1

Lot

Size: 4,791 Square Feet

Details

Parcel number: 071110DC370000
Zoning description: OP-MSH Main Street Highway

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Single Family Residence

Materials

Brick, Vinyl Siding
Foundation: Block
Roof: Composition

Condition

Year built: 1938

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Available, Water Available

Community & HOA

Community

Subdivision: Ocean Lake

HOA

Has HOA: No

Location

Region: Lincoln City

Financial & listing details

Price per square foot: $616/sqft
Tax assessed value: $357,630
Annual tax amount: $2,545
Date on market: 5/1/2024
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
8/26/2024	Sold	$415,000-2.4%$616/sqft
Source: OCMLS #LC-100946 Report a problem
6/13/2024	Pending sale	$425,000$631/sqft
Source: OCMLS #24-871 Report a problem
5/1/2024	Listed for sale	$425,000+18.1%$631/sqft
Source: OCMLS #24-871 Report a problem
3/17/2023	Sold	$360,000+0.3%$534/sqft
Source: OCMLS #LC-97750 Report a problem
2/16/2023	Pending sale	$359,000$533/sqft
Source: RMLS (OR) #22354793 Report a problem
1/31/2023	Price change	$359,000-2.7%$533/sqft
Source: RMLS (OR) #22354793 Report a problem
12/6/2022	Listed for sale	$369,000+200%$547/sqft
Source: RMLS (OR) #22354793 Report a problem
8/17/2010	Sold	$123,000-36.9%$182/sqft
Source: OCMLS #09-2839 Report a problem
9/8/2006	Sold	$195,000$289/sqft
Source: OCMLS #06-1780 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,652 +1.6%	$162,640 +3%
2024	$2,611 +2.8%	$157,910 +3%
2023	$2,540 +2.9%	$153,320 +3%
2022	$2,469 +1.8%	$148,860 +3%
2021	$2,425 +5.5%	$144,530 +3%
2020	$2,298	$140,330 +3%
2019	--	$136,250 +3%
2018	$2,237	$132,290 +3%
2017	$2,237 +11.4%	$128,440 +3%
2016	$2,008	$124,700 +3%
2015	$2,008 +5.5%	$121,070 +3%
2014	$1,903	$117,550 +3%
2013	$1,903 +3.7%	$114,130 +3%
2012	$1,834 +4.1%	$110,810 +3%
2011	$1,761 +4.1%	$107,590
2010	$1,692 +3.1%	$107,590 +6.1%
2009	$1,640 +2.6%	$101,420
2008	$1,598 +2.3%	$101,420 +6.1%
2007	$1,563	$95,610