Motivated Sellers! Discover this inviting Neotsu home, perfectly situated to capture year round sunshine. Set on an expansive triple lot, the property offers a generous, fully fenced yard—ideal for gardening, outdoor play, or simply enjoying the open space. Inside, the home features warm country character with solid oak hardwood floors, custom tilework, and a heated bathroom floor that adds a touch of everyday luxury. Built ins throughout provide both charm and practical storage. Bonus room creates an additional flexible room, perfect for guests or hobbies. Use as a third bedroom it includes its own bathroom, private patio, and separate fenced yard—an excellent setup for multi generational living or a private suite. Step onto the south facing deck and enjoy long, sunny afternoons in a peaceful setting. The detached 576 sq ft garage offers abundant space for projects, storage, or creative pursuits, complete with workbenches and a loft. The home also includes a newer roof and a concrete septic tank installed in 2021 with recent report. Just around the corner, you'll find easy lake access in a beautiful park setting—perfect for kayaking, paddle boarding, or relaxing by the water. A wonderful opportunity in a serene location. Come see it and make it yours. CALL NOW
Active
Price cut: $10K (4/10)
$435,000
5201 NE 49th St, Neotsu, OR 97364
2beds
1,336sqft
Single Family Residence
Built in 1951
0.34 Acres Lot
$433,200 Zestimate®
$326/sqft
$-- HOA
What's special
Warm country characterSeparate fenced yardGenerous fully fenced yardWorkbenches and a loftCustom tileworkExpansive triple lotIncludes its own bathroom
- 217 days |
- 686 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
Leah Michelson 503-929-2412,
Taylor & Taylor Realty Company
Source: OCMLS,MLS#: LC-105299
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 3
- Description: down just a few steps
Bathroom
- Description: just a few steps
Living room
- Description: lake view
Utility room
- Description: just a few steps down in 3rd room
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dryer, Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave, Washer, Water Heater
- Laundry: Common Area, Electric Dryer Hookup, Washer Hookup
Features
- In-Law Floorplan
- Flooring: Other, Tile, Wood
- Windows: Double Pane Windows, Drapes
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,336
- Total interior livable area: 1,336 sqft
- Finished area above ground: 1,336
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Driveway, RV Access/Parking, Gravel
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Rear Patio
- Exterior features: Garden, Storage
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.34 Acres
- Dimensions: 150 x 100
Details
- Additional structures: Shed(s), Workshop
- Additional parcels included: triple lot size
- Parcel number: 071101BA 0460000
- Zoning description: R-1-A Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Cedar, Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Available
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Lakeview
HOA
- Has HOA: No
Location
- Region: Neotsu
Financial & listing details
- Price per square foot: $326/sqft
- Tax assessed value: $415,030
- Annual tax amount: $2,716
- Date on market: 5/16/2026
- Listing terms: Cash,Conventional,FHA
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
$433,200
$412,000 - $455,000
$2,574/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2026 | Listed for sale | $435,000$326/sqft |
Source:  OCMLS #LC-105299 Report a problem | ||
| 5/6/2026 | Contingent | $435,000$326/sqft |
Source: OCMLS #LC-105299 Report a problem | ||
| 4/10/2026 | Price change | $435,000-2.2%$326/sqft |
Source: OCMLS #LC-105299 Report a problem | ||
| 3/5/2026 | Listed for sale | $445,000$333/sqft |
Source: OCMLS #LC-105299 Report a problem | ||
| 2/21/2026 | Contingent | $445,000$333/sqft |
Source: OCMLS #LC-105299 Report a problem | ||
| 2/17/2026 | Price change | $445,000-2.2%$333/sqft |
Source: OCMLS #LC-105299 Report a problem | ||
| 1/19/2026 | Price change | $455,000-5.1%$341/sqft |
Source: OCMLS #LC-105299 Report a problem | ||
| 12/9/2025 | Price change | $479,500-10.4%$359/sqft |
Source: OCMLS #25-2547 Report a problem | ||
| 11/29/2025 | Listed for sale | $535,000+27.4%$400/sqft |
Source: OCMLS #25-2547 Report a problem | ||
| 10/20/2021 | Sold | $420,000-2.1%$314/sqft |
Source: OCMLS #LC-94074 Report a problem | ||
| 9/11/2021 | Pending sale | $429,000$321/sqft |
Source: OCMLS #21-1577 Report a problem | ||
| 8/21/2021 | Listed for sale | $429,000$321/sqft |
Source: OCMLS #21-1577 Report a problem | ||
| 7/9/2021 | Pending sale | $429,000$321/sqft |
Source: OCMLS #21-1577 Report a problem | ||
| 7/2/2021 | Listed for sale | $429,000+251.6%$321/sqft |
Source:  OCMLS #21-1577 Report a problem | ||
| 5/3/2002 | Sold | $122,000-0.8%$91/sqft |
Source: OCMLS #01-3072 Report a problem | ||
| 8/12/1997 | Sold | $123,000+6.5%$92/sqft |
Source: OCMLS #97-11135 Report a problem | ||
| 7/9/1996 | Sold | $115,500$86/sqft |
Source: OCMLS #96-10312 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,584 +3.3% | $210,310 +3% |
| 2023 | $2,502 +3% | $204,190 +3% |
| 2022 | $2,429 +2.6% | $198,250 +3% |
| 2021 | $2,367 +5.2% | $192,480 +3% |
| 2020 | $2,250 | $186,880 +3% |
| 2019 | -- | $181,440 +3% |
| 2018 | $2,190 | $176,160 +3% |
| 2017 | $2,190 +17.5% | $171,030 +3% |
| 2016 | $1,864 | $166,050 +1.9% |
| 2015 | $1,864 +1.9% | $162,950 +3% |
| 2014 | $1,830 | $158,210 +3% |
| 2013 | $1,830 +4.2% | $153,610 +3% |
| 2012 | $1,756 +4.7% | $149,140 +3% |
| 2011 | $1,677 +2.9% | $144,800 |
| 2010 | $1,629 +3.1% | $144,800 +6.1% |
| 2009 | $1,579 +2.6% | $136,500 |
| 2008 | $1,540 +2.1% | $136,500 +6.1% |
| 2007 | $1,509 | $128,670 |
Find assessor info on the county website
Monthly payment
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Payment breakdown
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Climate risks
Neighborhood: 97364
Nearby schools
GreatSchools rating
- NAOceanlake Elementary SchoolGrades: K-2Distance: 1.8 mi
- 6/10Taft Middle SchoolGrades: 7-8Distance: 4.9 mi
- 3/10Taft High SchoolGrades: 9-12Distance: 4.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Lincoln County
- Lincoln City
- 97364
- 5201 NE 49th St
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