For sale

Listed by: More Realty • STACEY CLENDENIN • Contact: 503-539-7816

$685,000

561 W Olive St, Newport, OR 97365

3beds

1,741sqft

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Single Family Residence

Built in 2007

3,920 Square Feet Lot

$664,100 Zestimate^®

$393/sqft

$-- HOA

What's special

Endless possibilities await with this versatile property just moments from Newport's beloved Nye Beach. Whether you're searching for a full-time residence, multigenerational living arrangement, or an opportunity to offset expenses with separate living quarters, this unique home offers flexibility to fit a variety of lifestyles. The property features two distinct living spaces with interior access between the two. The main unit offers 2 bedrooms, 1 bathroom, and its own laundry area, while the second unit in

5 days

229

11

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Wall Furnace

Appliances

Included: Dishwasher, Electric Range, Electric Water Heater

Features

Flooring: Carpet, Laminate
Has fireplace: No

Interior area

Total structure area: 1,741
Total interior livable area: 1,741 sqft

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Patio & porch: Deck

Lot

Size: 3,920 Square Feet

Details

Parcel number: 111108BB2570000

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding, T111
Roof: Composition

Condition

New construction: No
Year built: 2007

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: NEWPORT

Location

Region: Newport

Financial & listing details

Price per square foot: $393/sqft
Tax assessed value: $652,910
Annual tax amount: $5,214
Price range: $685K - $685K
Date on market: 7/10/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,VA Loan,FHA

Estimated market value

$664,100

$631,000 - $697,000

$2,729/mo

Price history

Date	Event	Price
6/16/2026	Listed for sale	$685,000+130.3%$393/sqft
Source: OCMLS #26-1655 Report a problem
4/12/2012	Listing removed	$297,500$171/sqft
Source: Oregon Coast Properties, Inc. #11-2898 Report a problem
11/30/2011	Listed for sale	$297,500+188.8%$171/sqft
Source: Oregon Coast Properties, Inc. #11-2898 Report a problem
3/19/2004	Sold	$103,000+32.1%$59/sqft
Source: OCMLS #03-3157 Report a problem
12/13/2002	Sold	$78,000$45/sqft
Source: OCMLS #02-1547 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,952 +2.4%	$282,930 +3%
2023	$4,835 +3.2%	$274,690 +3%
2022	$4,687 -1.3%	$266,690 +3%
2021	$4,748 +5.6%	$258,930 +3%
2020	$4,496	$251,390 +3%
2019	--	$244,070 +3%
2018	$4,300	$236,970 +3%
2017	$4,300 +3.1%	$230,070 +3%
2016	$4,172	$223,370 +3%
2015	$4,172 +10.3%	$216,870 +3%
2014	$3,781	$210,560 +3%
2013	$3,781 +9.9%	$204,430 +3%
2012	$3,441 +3.2%	$198,480 +3%
2011	$3,336 +2.6%	$192,700
2010	$3,251 +3.1%	$192,700 +6.1%
2009	$3,152 +25.2%	$181,650 +23.2%
2008	$2,517 +98%	$147,500 +102.9%
2007	$1,271	$72,680

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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