Check Availability
Lincoln City 97367
1400 Blk SE 23rd St
$899,000
↓ $30K (3.2%)
Land - For Sale

1400 Blk SE 23rd St

Lincoln City, OR 97367
bedrooms
Studio
bathrooms
0 Bath
$4,423
Estimated Monthly
$0
HOA / Fees
0.70%
Cap Rate

About This Property

Great development opportunity! Priced REDUCED at $2.89 per sq ft. Property is zoned R-M Residential Multi and was previously conditionally approved with the City of Lincoln City for 52 units. Buyer to check with Lincoln City Planning for conditions for re-approval. Seller has site plans which show building location, grading, etc. This site is centrally located in the Nelscott area of town featuring possible ocean view and is close to shopping, and dining.  Seller will credit buyer at closing $30,000 credit towards debris removal.
Unit Size
-
Days on Market
145 days
Land Size
7.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$9
HOA Dues
-
Year Built
1994
Listed By
Dennis Regen
Dennis Regen
Taylor & Taylor Realty Company
Last updated: 9 days ago (LCMLSOR #2232)

Price History

Date / Event Date Event Price
Apr 24, 2024 Price Decreased $899,000
↓ $30K (3.2%)
Price Decreased
Mar 1, 2024 Price Decreased $928,642
↓ $71K (7.1%)
Price Decreased
Dec 9, 2023 Listed by Taylor and Taylor Realty Co. $999,900
Listed by Taylor and Taylor Realty Co.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 68,825
  • Total Building Area: 24,257
  • Gross Building Area: 24,257
  • Building Area: 24,257
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 24,257
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Exempt
  • Land Acres: 1.58
  • Standard Land Use Code: Hospital - private
  • Legal Description 1: TWNSHP 07, RNG 11, ACRES 1.58, DOC202005415

Ownership

  • Current Owner : HILLSIDE HOUSE LLC
  • Previous Owner : ASSISTED LIVING CONCEPTS INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lincoln County School District
  • Census Tract: 950401

Zoning

  • Zoning: R-M

Geography

  • Account Number: R344680
  • Section: 22
  • Parcel: R344680
  • Meridian: SEC 22 TWN 07S RNG 11W
  • Latitude: 44.9543
  • Longitude: -124.013

    Address

  • Full Address: 1400 Se 19th St
  • Address - House Number: 1400
  • Street Direction: SE
  • Address - Street Name: 19th
  • Address - Suffix Type: St
  • State: OR
  • City Name: Lincoln City
  • Carrier Code: C004
  • 4-Digit Zip Code: 2333
  • Zip Code: 97367

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,872
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 402

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $51,417,900
  • First Open Lien Mortgage Lender: MERCHANTS BANK OF INDIANA
  • First Open Lien Mortgage Recording Date: Mar 05, 2024
  • First Open Lien Mortgage Loan Amount: $51,417,900
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Mar 10, 2027

    Market Valuation

  • Market Total Value: $2,676,810
  • Market Land Value: $719,310
  • Market Improvement Value: $1,957,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,747,150

    Sales

  • Current Sale Contract Date: Apr 09, 2007
  • Current Sale Recording Date: May 17, 2007
  • Current Sale Transaction ID: 1093399991
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200707133

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
1 Bath
-
$1,000,000 Feb 17, 2023
-
$286/mo
Townhouse
4 Beds
3.5 Baths
2,122 ft²
$407/ft²
$864,250 May 4, 2023
-
$593/mo

About Lincoln City


Similar Homes for Sale

Unit for sale at 1933 Southwest Coast Avenue, Lincoln City, OR 97367

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  • 4 Beds
  • 3.5 Baths
  • 2,122 ft²
1933 Southwest Coast Avenue, Lincoln City, OR 97367 Listing by Dennis M Regen
Unit for sale at 2817 Southeast 23rd Drive, Lincoln City, OR 97367

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Nearby Rentals



Frequently Asked Questions

When was property at 1400 Southeast 23rd Drive built and last sold?
The property at 1400 Southeast 23rd Drive was built in 1994 and last sold on Apr 9, 2007 for $0.
How much is this home worth?
The estimated value of the home located at 1400 Southeast 23rd Drive is $937,928.
What are some comparable homes to 1400 Southeast 23rd Drive?
Homes that are comparable to 1400 Southeast 23rd Drive include a commercial property at 2817 Southeast 23rd Drive, a townhouse property at 1933 Southwest Coast Avenue, which are both great to check out.

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