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2424 Northeast Highway 101

2424 Northeast Highway 101, Lincoln City, OR 97367
Commercial in Lincoln
1 Units For Sale
Unit for sale at 2424 NE Hwy 101, Lincoln City, OR 97367

$2,000,000

  • Commercial
  • 1,710 ft²
2424 NE Hwy 101, Lincoln City, OR 97367 Listing by Dan Gerges

Local assessors in Lincoln City, OR have categorized 2424 Northeast Highway 101 as a commercial type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 18,295 square feet. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 2424 Northeast Highway 101 has a total of 1,710 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2424 Northeast Highway 101 was last sold in Mar 27, 2024 for $1,400,000. According to our calculations, that's $818.71 per sqft. Prior to that sales transaction, the property was sold for $1,400,000 in Mar 28, 2024. Current property owners are expected to pay $12,274 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 2424 Northeast Highway 101 was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $718,770. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220103
01/03/2022
Loft
-
1710 ft²
$1,200,000
bedrooms
Loft
bathrooms
-
square feet
1710 ft²
-
-
-
DAN GERGES
HOMESTAR BROKERS

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Masonry
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Total Building Area: 1,710
  • Gross Building Area: 1,710
  • Building Area: 1,710
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,710
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.42
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: TWNSHP 07, RNG 11, ACRES 0.42, DOC202303202

Ownership

  • Current Owner : TRUAX CORPORATION
  • Previous Owner : EL SHINAWY NAGAT
  • Owner Before Previous Owner: MOHAMED MOHAMED S S
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lincoln County School District
  • Census Tract: 950304

Zoning

  • Zoning: GC

Geography

  • Account Number: R438761
  • Section: 11
  • Parcel: R438761
  • Meridian: SEC 11 TWN 07S RNG 11W
  • Latitude: 44.983
  • Longitude: -124.007

    Address

  • Full Address: 2424 Ne Highway 101
  • Address - House Number: 2424
  • Street Direction: NE
  • Address - Street Name: Highway 101
  • State: OR
  • City Name: Lincoln City
  • Carrier Code: C005
  • 4-Digit Zip Code: 4148
  • Zip Code: 97367

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,274
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 402

    Market Valuation

  • Market Total Value: $1,124,020
  • Market Land Value: $556,310
  • Market Improvement Value: $567,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $718,770

    Sales

  • Current Sale Contract Date: Mar 27, 2024
  • Current Sale Recording Date: Mar 29, 2024
  • Current Sale Transaction ID: 11923344087
  • Current Sale Price: $1,400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2069
  • Previous Sale Recording Date: Mar 29, 2024
  • Previous Sale Contract Date: Mar 28, 2024
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Warranty Deed

About Lincoln City



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2424 Northeast Highway 101 located in?
The 2424 Northeast Highway 101 is a commercial located in the neighborhood of Lincoln in Lincoln City, Lincoln City.
How many listings are currently for sale in 2424 Northeast Highway 101?
There is a listing currently on the market for sale.
What is the average sales price for listings in 2424 Northeast Highway 101?
The average sales price for units in 2424 Northeast Highway 101 is $2,000,000 , or $1,170/sqft. currently.

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