Closed

$247,800

854 SW 50th St, Lincoln City, OR 97367

2beds

1baths

628sqft

Single Family Residence

Built in 1928

3,049 Square Feet Lot

$297,200 Zestimate^®

$395/sqft

$2,017 Estimated rent

Home value

$297,200

$276,000 - $321,000

$2,017/mo

Zestimate^® history

Owner options

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$2,017/mo

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$2,017/mo

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$1,654/mo

Est. payment

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$1,654/mo

Est. payment

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What's special

***INVESTMENT*** opportunity in a commercial and residential zone. Located in the popular Taft Village District with restaurants, shopping and steps away from the beach and scenic Siletz Bay. Rare find cottage with 2 bedrooms, additional unfinished room for potential 3rd bedroom, 1 full bathroom, generous size kitchen with dining nook and newer vinyl flooring. First time on market in 40 years. With some extra attention to details, updates and TLC, This property provides endless opportunities for short term rental, commercial space or family vacation use. Cottage offered ''As Is''.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1

Primary bedroom

Description: built-ins

Bathroom

Description: Full

Kitchen

Description: Breakfast nook

Heating

Has Heating (Unspecified Type)

Appliances

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

Features

Flooring: Carpet, Other, Vinyl
Windows: Window Treatments
Has basement: No
Has fireplace: Yes
Fireplace features: EPA Certified Wood Stove
Furnished: Yes

Interior area

Total structure area: 628
Total interior livable area: 628 sqft

Property

Features

Levels: One
Stories: 1

Lot

Size: 3,049 Square Feet

Details

Parcel number: 071134AB390100
Zoning description: TVC - Taft Village Core

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Single Family Residence

Materials

Concrete
Foundation: Concrete Perimeter
Roof: Composition

Condition

Year built: 1928

Utilities & green energy

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

Community & HOA

Community

Subdivision: Taft

HOA

Has HOA: No

Location

Region: Lincoln City

Financial & listing details

Price per square foot: $395/sqft
Tax assessed value: $218,540
Annual tax amount: $1,179
Date on market: 6/29/2024
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
7/17/2024	Sold	$247,800$395/sqft
Source: OCMLS #LC-101557 Report a problem
7/2/2024	Pending sale	$247,800$395/sqft
Source: RMLS (OR) #24016025 Report a problem
6/29/2024	Listed for sale	$247,800$395/sqft
Source: OCMLS #24-1443 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,195 +1.6%	$73,250 +3%
2024	$1,176 +2.8%	$71,120 +3%
2023	$1,144 +2.9%	$69,050 +3%
2022	$1,112 +1.8%	$67,040 +3%
2021	$1,092 +5.5%	$65,090 +3%
2020	$1,035	$63,200 +3%
2019	--	$61,360 +3%
2018	$1,007	$59,580 +3%
2017	$1,007 +11.4%	$57,850 +3%
2016	$904	$56,170 +3%
2015	$904 +4.9%	$54,540 +3%
2014	$862	$52,960 +3%
2013	$862 +4.3%	$51,420 +3%
2012	$826 +4.1%	$49,930 +3%
2011	$794 +4.1%	$48,480
2010	$762 +3.1%	$48,480 +6.1%
2009	$739 +2.6%	$45,700
2008	$720 +2.3%	$45,700 +6.1%
2007	$704	$43,080