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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
    : 
    $4,580/mo
    Get pre-qualified
    Single Family Residence
    Built in 2007
    3,920 Square Feet Lot
    $637,300 Zestimate®
    $373/sqft
    $-- HOA

    What's special

    Large corner lot
    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 includes 1 bedroom and 1 bathroom, creating the perfect setup for extended family, guests, or additional living space. The upper unit boasts a spacious deck where you can relax and enjoy coastal sunsets and refreshing sea breezes. Situated on a large corner lot, the home offers a generous yard with plenty of room for gardening, outdoor entertaining, or simply enjoying the coastal surroundings. A spacious two-car garage provides ample storage and parking. Recent updates include fresh interior paint and new flooring, giving the home a clean, refreshed feel and making it move-in ready. Conveniently located near beach access, schools, shopping, dining, and all the charm that Nye Beach has to offer, this is a rare opportunity to enjoy flexible coastal living in one of Newport's most sought-after locations. Whether you're looking to live together while maintaining privacy, accommodate extended family, or simply enjoy extra space, this property is one you won't want to miss. Buyer to perform due diligence regarding possible future uses for the property.
    96 days
    246
    11

    Zillow last checked:

    Listing updated:

    Listed by:

    STACEY CLENDENIN Cell:503-539-7816,

    More Realty

    Source: WVMLS,MLS#: 843292MLS Logo

      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

        $637,300

        $605,000 - $669,000

        $2,869/mo

        Price history

        DateEventPrice
        8/17/2026Price change$649,000-5.3%$373/sqft
        Source: OCMLS #26-1655 Report a problem
        6/16/2026Listed for sale$685,000+130.3%$393/sqft
        Source: OCMLS #26-1655 Report a problem
        4/12/2012Listing removed$297,500$171/sqft
        Source: Oregon Coast Properties, Inc. #11-2898 Report a problem
        11/30/2011Listed for sale$297,500+188.8%$171/sqft
        Source: Oregon Coast Properties, Inc. #11-2898 Report a problem
        3/19/2004Sold$103,000+32.1%$59/sqft
        Source: OCMLS #03-3157 Report a problem
        12/13/2002Sold$78,000$45/sqft
        Source: OCMLS #02-1547 Report a problem

        Public tax history

        YearProperty taxesTax 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
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 97365

        Getting around

        88 / 100
        Very Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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