Closed

$197,000

4229 SW Beach Ave Unit 5, Lincoln City, OR 97367

1beds

1baths

612sqft

Condominium

Built in 1970

-- sqft lot

$258,400 Zestimate^®

$322/sqft

$1,506 Estimated rent

Home value

$258,400

$240,000 - $279,000

$1,506/mo

Zestimate^® history

Owner options

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$1,506/mo

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$1,506/mo

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$2,599/mo

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$2,599/mo

Est. payment

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What's special

Opportunity to own an Affordable, Oceanfront Getaway! This Ground-Floor unit features Whitewater Ocean Views and is being sold Turnkey! Private Beach access stairs are mere steps away, with restaurants and shopping just down the road! The low HOA dues of $1,300 per quarter make this a great option for a second home at the beach. Enjoy Daily Sunsets from the open layout kitchen, dining and living space, or out on the patio. The unit has newer flooring in the bedroom and bathroom, and new furnishings throughout. Located at Lincoln City's Ocean Terrace Complex, other amenities include an Indoor Swimming Pool, Rec Room, and Dry Heat Sauna! Option to keep unit in Ocean Terrace Rental Pool to help cover dues. Access from the sliding back door to avoid stairs. Ocean Terrace does not allow pets.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1

Bathroom

Description: Shower/tub combo.

Dining room

Description: Open to Kitchen/Living. Ocean views.

Kitchen

Description: Open to Dining/Living. Ocean Views.

Living room

Description: Ocean views. Slider to patio.

Heating

Has Heating (Unspecified Type)

Appliances

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

Features

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

Interior area

Total structure area: 612
Total interior livable area: 612 sqft

Property

Features

Levels: One
Stories: 1
On waterfront: Yes

Details

Additional structures: None
Parcel number: 071127CA8000500
Zoning description: RC - Recreational Commercial

Construction

Type & style

Home type: Condo
Architectural style: Other
Property subtype: Condominium

Materials

Lap Siding
Foundation: Slab
Roof: Composition

Condition

Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available

Community & HOA

Community

Subdivision: Ocean Terrace Condo

HOA

Has HOA: Yes
Services included: Insurance, Maintenance Grounds, Security, Sewer, Trash, Water, Property Taxes for Common Areas, Utilities
HOA fee: $1,304 quarterly
HOA phone: 541-996-3623

Location

Region: Lincoln City

Financial & listing details

Price per square foot: $322/sqft
Annual tax amount: $2,544
Date on market: 5/4/2023
Listing terms: 1031 Exchange,Cash
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
1/12/2024	Contingent	$245,000$400/sqft
Source: OCMLS #22-2400 Report a problem
11/29/2023	Listed for sale	$245,000+24.4%$400/sqft
Source: OCMLS #22-2400 Report a problem
11/17/2023	Sold	$197,000-5.7%$322/sqft
Source: OCMLS #LC-98615 Report a problem
10/29/2023	Pending sale	$209,000$342/sqft
Source: OCMLS #23-779 Report a problem
6/27/2023	Price change	$209,000-8.7%$342/sqft
Source: OCMLS #23-779 Report a problem
6/6/2023	Price change	$229,000-13.6%$374/sqft
Source: OCMLS #23-779 Report a problem
5/30/2023	Price change	$265,000+12.8%$433/sqft
Source: OCMLS #22-2400 Report a problem
5/30/2023	Price change	$234,900-6%$384/sqft
Source: OCMLS #23-779 Report a problem
5/4/2023	Price change	$249,900-9.1%$408/sqft
Source: OCMLS #23-779 Report a problem
12/1/2022	Price change	$275,000-5%$449/sqft
Source: OCMLS #22-2400 Report a problem
2/27/2022	Pending sale	$289,500$473/sqft
Source: OCMLS #22-154 Report a problem
2/23/2022	Price change	$289,500-5.1%$473/sqft
Source: OCMLS #22-154 Report a problem
1/28/2022	Listed for sale	$305,000+58.9%$498/sqft
Source: OCMLS #22-154 Report a problem
6/18/2021	Sold	$192,000$314/sqft
Source: OCMLS #LC-92492 Report a problem