For sale

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

Price cut: $36K (8/17)

$649,000

561 W Olive St, Newport, OR 97365

3beds

1,741sqft

$4,364/mo

Get pre-qualified

Single Family Residence

Built in 2007

3,920 Square Feet Lot

$637,400 Zestimate^®

$373/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

51 days
438
13

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: $373/sqft
Tax assessed value: $662,120
Annual tax amount: $5,214
Price range: $649K - $649K
Date on market: 7/10/2026
Listing agreement: Exclusive Right To Sell
Listing terms: VA Loan,Cash,FHA,Conventional

Estimated market value

$637,400

$606,000 - $669,000

$2,483/mo

Price history

Date	Event	Price
8/17/2026	Price change	$649,000-5.3%$373/sqft
Source: OCMLS #26-1655 Report a problem
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
2025	$5,058 +2.1%	$291,410 +3%
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