Bought with Non Rmls Broker
$1,340,625
$1,450,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
2,424 SqFt
SOLD DATE : 10/26/2024
Key Details
Sold Price $1,340,625
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,424 sqft
Price per Sqft $553
Subdivision Roads End
MLS Listing ID 24537703
Sold Date 10/26/24
Style Daylight Ranch
Bedrooms 5
Full Baths 2
Year Built 1952
Annual Tax Amount $10,727
Tax Year 2023
Lot Size 0.290 Acres
Property Description
RARE INVESTMENT OPPORTUNITY! Ocean front property with private stairs to the sand! Located in the highly sought-after Roads End area of Lincoln City. Entering the home all you see is a 270-degree view of the beautiful Pacific Ocean, sand and surf. Ocean views from 4 of the bedrooms as well. Outdoor enclosed area, deck overlooking the ocean and double carport. Original clear cedar, Doug fir and Pine throughout. Gas fireplace in the living room and in the master bedroom. This is a well-established and successful vacation rental, gross rent in 2022 was $107,733.50, 2023 was $136,138.50. UNTIL NOVEMBER 22ND THE VACATION RENTAL PERMIT TRANSFERS WITH THE SALE OF THE HOME. NO NEED TO REAPPLY AND WAIT IN LINE FOR A NEW VRD PERMIT WITH THE CITY. Property managers are happy to continue renting for new owners for seamless transition and immediate income. Plenty of time for personal use with friends and family while still earning income.
Location
State OR
County Lincoln
Area _200
Rooms
Basement Daylight, Finished
Interior
Interior Features Washer Dryer
Heating Forced Air
Fireplaces Number 2
Fireplaces Type Gas
Appliance Gas Appliances, Granite
Exterior
Exterior Feature Deck, Fenced, Free Standing Hot Tub, Patio
Parking Features Carport
Garage Spaces 2.0
Waterfront Description OceanFront
View Mountain, Ocean
Roof Type Composition
Garage Yes
Building
Lot Description Level, Ocean Beach One Quarter Mile Or Less, Sloped
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Taft
Middle Schools Taft
High Schools Taft
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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