new - 4 days on rocket

529 SW 5th St, Newport, OR, 97365

$475,000

Home List Price

$5,641*

Closing Credit

2 Bedrooms
1 Full Bath
864 SqFt
$550/SqFt
House
Schools Nearby

Location

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529 SW 5th St, Newport$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Street Parking
Garage1 space
Year Built1945
HeatingBaseboard
MLS #24000795
Lot Size0.32 Acres
StatusActive

About 529 SW 5th St

Extraordinary location! Potential INVESTMENT OPPORTUNITY home has two lots zoned R-3, with the possibility to put up to a 4plex on second lot (buyers to do due diligence). Charming coastal home located just minutes to Nye Bleach and Old Town! Level lot nearly 1/3 acres with mature landscaping and fenced. Separate detached garage/shop or storage space. Open floor plan with two spacious bedrooms. The bathroom features a walk-in shower. Plenty of space and parking. Large windows ensure lots of natural light year round. 24 hour notice, tenant OCCUPIED until May 15th.

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Story, Traditional
  • Year Built: 1945
  • Stories: 1
  • Living Area: 864 SqFt

Listing Office:

  • Office Name: Redfin
  • Office Phone: (503) 496-7620
  • Listing Agent: Joel Bumgarner

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Driveway, Street Parking

Virtual/3D Tour

  • 3D Tour: 529 SW 5th St

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Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Baseboard

School Info

Assigned Schools Information:

  • Newport High School, Public District Grades 9-12
  • Newport Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: Hwy 101. Go west on Neff St just south of Columbia Bank to bottom of hill. Left on SW 5th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $550/SqFt

Tax Information:

  • Annual Amount: $2,314
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Newport, OR.

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Newport, OR

City

Med. Sold Price

$445K

Med. Price/SqFt

$332

Avg. Days On Market

89

# of Sold Homes

5

529 SW 5th St vs Newport

4 DAYS ON ROCKET

-85 Days

$475,000

+$30K More

$550/SqFt

+$218 More

KEY TAKEAWAY

This property is $30K more than the Median Sold Price and $218/SqFt more than other homes in Newport, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24000795

Listing Office:

  • Office Name: Redfin
  • Office Phone: (503) 496-7620
  • Listing Agent: Joel Bumgarner

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/16/2024, 4:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,314$125,520
2019$2,215$121,870
2018$2,147$118,330
2017$2,128$114,890

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-3603184
4
/10

  • Newport Middle School

  • 322 NE Eads St

  • 0.78 miles

  • Public District Grades 6-8

High School

school-card-donut-3603185
4
/10

  • Newport High School

  • 322 NE Eads St

  • 0.78 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,056. Most Newport, OR residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Newport, OR

Types of housing in Newport, OR.

In Newport, many dwellings are single detached homes, but small apartment buildings and mobile homes are also present in the housing stock. This city is primarily composed of three bedroom and two bedroom homes. The split between homeowners and renters is about even. The median year of construction for properties in this city is 1984.

What is it like to live in Newport, OR?

Newport is good for those who enjoy quiet surroundings, as there isn't a lot of street noise or city clamor - however some areas can be quite loud, especially close to the airport (Newport Municipal Airport).

Is it easy to get around Newport, OR without a car?

Residents may find it very difficult to access high schools and primary schools as pedestrians. In addition to public schools, there are private elementary and secondary schools. With respect to eating, a portion of property owners in Newport may have the option to purchase groceries by walking in one of about 30 stores, while others will need another means of transportation. There are also a few choices for those who value restaurants and cafes in close proximity.

Transportation in Newport, OR.

Cars are an excellent transportation option in Newport. It is very convenient to access a place to park, and nearby highways are very easy to reach from anywhere in this city. On the other hand, Newport is not very transit friendly. Thankfully, the city is served by a few bus lines, and the nearest bus stop is typically close by. Many of the houses for sale in this city are located in places that are not very convenient for walking since very few common errands can be run on foot.

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Frequently Asked Questions About 529 SW 5th St

What is the listing price of this property?

The listing price of 529 SW 5th St property is $475,000.

What type of property is this?

The property 529 SW 5th St is a house located in Newport, Oregon, 97365.

Is this property for sale now?

Active Listing: 529 SW 5th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 529 SW 5th St are:
Newport Middle School: GreatSchools Rating 4/10
Newport High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,314 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 529 SW 5th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 529 SW 5th St is 864 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 529 SW 5th St is 1945.

Rocket Homes›Oregon›Lincoln County›Newport›97365›529 SW 5th St

This home is located at 529 SW 5th St in Newport, OR and zip code 97365. This 864 square foot home, which was built in 1945, sits on a 0.32 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $475,000.

While more than 1 listings in Newport, OR in March 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below. Between February 2024 and March 2024, Newport, OR real estate market has seen increase in the number of listings by 8.5%. In March 2024, listings were on the market for 89 days. During the same period, the median list price in this real estate market was $445,000.

From Rocket Homes Real Estate and based on county public records data.

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