Issuu

Winter 2020

Real Estate Guide Citizen North Coast

A Special Publication of

Headlight Herald

Winter Real Estate Guide 2020 • 2

How to save up for your first home

ome ownership is a dream for people across the globe. Many people save for years before buying their first homes, squirreling away every dollar they can with the hopes they can one day become homeowners. But thanks to factors beyond their control, even the most devoted savers can sometimes feel like their dream of home ownership may never come true. According to the Pew Research Center, American workers’ paychecks are larger than they were 40 years ago, but their purchasing power is essentially the same. Various challenges can make it difficult to buy a home. However, some simple strategies can help prospective home buyers build their savings as they move closer to the day when they can call themselves “homeowners.” • Determine where your money is going. If you’re finding it hard to grow your savings, audit your monthly expenses to determine where your money is going. Using exclusively debit or credit cards can simplify this process, as all you need to do is log into your accounts and see how your money was spent over a given period. If you routinely use cash to pay for items, even just to buy coffee on the way to work, keep a notepad handy so you can jot down each expense. Do this

for a month and then examine how you spent your money. Chances are you will see various ways to save, and you can then redirect that money into your savings account. • Become a more savvy grocery shopper. Another great way to save more money is to alter something you already do each month: grocery shopping. If you haven’t already, sign up for discount clubs at your local grocer. This is a largely effortless way for shoppers, especially those buying food for families, to save considerable amounts of money. Shopping sales at competing grocery stores also can save money. • Dine in more often. The U.S. Department of Agriculture says that Americans spend, on average, 6 percent of their household budgets on food. However, the USDA also notes that Americans spend 5 percent of their disposable income on dining out. If these figures mirror your spending habits, you can nearly cut your food spending in half by dining out less frequently. That might be a sacrifice for foodies, but it can get you that much closer to buying your own home. Saving enough money to purchase your first home is a worthy effort that can be made easier by employing a few budget-friendly strategies.

Sales • Land Use • Easements • Disputes (503) 842-6633 • 2308 3rd Street, Tillamook, OR www.albrightkittell.com H49885

hopping for real estate may require prospective buyers to learn a whole new language. Buyers may come across certain terms they don’t understand. Among the more common terms that first-time buyers may not fully understand are “short sale” and “foreclosure.” According to Realtor.com, short sales and foreclosure auctions are situations that occur when homeowners fall behind on payments and can no longer afford to live in a home. A short sale happens when a homeowner owes more on the mortgage balance than the market value of the property when the owner needs to sell. The homeowner can ask the mortgage lender to accept a lesser amount than the total mortgage owed — making the homeowner/seller “short” on paying the lender back. A foreclosure is a legal process that occurs when a borrower cannot make mortgage loan payments for a significant period of time. If the debt is not recouped, lenders will step in and take ownership of the property, putting it up for sale in a foreclosure auction. While these situations can be troublesome for the homeowner facing financial peril, distressed properties can be advantageous for buyers who oftentimes can buy homes at steep discounts. However, short sales and foreclosures are not without challenges. The real estate experts at Zillow say that foreclosures and short sales involve more layers than traditional transac-

tions. Zillow offers that bank lenders historically can be slow at giving approval for mortgages to purchase short sale properties or even agreeing on an amount for the sale. As a result, buyers may miss out on other opportunities while waiting for short sales to move along. Foreclosures carry their own hurdles. Buyers may not get a chance to even see a foreclosure property, nor be eligible to have it inspected, as foreclosed homes are typically sold “as-is” and at auction. The real estate agency Re/Max says buying a foreclosure typically is faster than buying a short sale, and an investor can buy a foreclosed home for below market value. But foreclosures cannot be contingent on the sale of another home, so a buyer must have funds in place and be ready to move quickly. Short sales are often initiated by homeowners looking to avoid foreclosure. As a result, short sale properties may be in decent condition. This may not be the case with a foreclosure. The American Society of Home Inspectors says foreclosed homes may have been neglected by having utilities turned off and no maintenance done on the home. Other homes may have been purposefully vandalized by the former owner or by squatters. Short sales and foreclosure properties are options for buyers who want to get the best price possible on a home and are willing to take some risks in their pursuits.

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Winter Real Estate Guide 2020 • 3

Short sale versus foreclosure S

Winter Real Estate Guide 2020 â€¢ 4

Lincoln County foreclosure properties Revised on 11/2/2020

Parcel #

MAP #

The property listed below is available for private purchase until sold.

TAX LOT

NEAREST CITY/ COMMUNITY

ADDRESS/GENERAL DIRECTIONS & PERTINENT INFORMATION

ZONING

APROX SIZE

Amy Howard, Property Manager

LAST AUCTION DATE/PRIVATE SALE

MINIMUM BID @ LAST AUCTION

THIS IS NOT NECESSARILY THE CURRENT PURCHASE PRICE - PLEASE READ THE GENERAL INFORMATION PAGE. 1

06-10-29-C0

2200

Otis

1574 Salmon River Hwy.

T-C

.33 acre

10/29/2020

Parcel on the NW corner of NW 22nd St. & NW Mast Ave. (Although NW Mast is platted, it is not physically punched through.)

R-M

.22 acre

9/17/15

$35,000

07-11-10-AD

5500

Lincoln City

07-11-11-CC

5800

Lincoln City

2430 NE 14th St., Unit 57 (Lot 57 in gated Indian Shores Subdivision) - Triangle shaped parcel

R-7.5

.14 acre

9/17/15

$10,000

07-11-14-BC

1300

Lincoln City

Lot 1, Block 2, Eagle Point

R-R

.06 acre

10/12/17

$22,000

07-11-27-CD

9700

Lincoln City

4660 SW Coast Ave.

R-5

1.32 acre

9/30/10

$99,000

08-10-18

500

Lincoln Ciy/ Siletz

River-front / Legal access is by river / Has registered boat dock.

T-C

.11 acre

10/23/08

$30,000

Oceanview! Lot 7, Block 9, Sundown Addition to Depoe Bay (located on undeveloped road NE Vista Terrace) possible encroachment.

R-2

.11 acre

10/12/17

$25,000

Revised on 11/2/2020

Parcel #

MAP #

The property listed below is available for private purchase until sold.

TAX LOT

NEAREST CITY/ COMMUNITY

ADDRESS/GENERAL DIRECTIONS & PERTINENT INFORMATION

ZONING

APROX SIZE

Amy Howard, Property Manager

LAST AUCTION DATE/PRIVATE SALE

MINIMUM BID @ LAST AUCTION

THIS IS NOT NECESSARILY THE CURRENT PURCHASE PRICE - PLEASE READ THE GENERAL INFORMATION PAGE. 1

3 4 5 6

06-10-29-C0

07-11-10-AD

07-11-11-CC 07-11-14-BC 07-11-27-CD 08-10-18

09-11-05-CA

09-11-29-CD

10-10-08-DD

10-11-20-CA

2200

5500

5800 1300

Otis

Lincoln City

Lincoln City Lincoln City

1574 Salmon River Hwy. Parcel on the NW corner of NW 22nd St. & NW Mast Ave. (Although NW Mast is platted, it is not physically punched through.) 2430 NE 14th St., Unit 57 (Lot 57 in gated Indian Shores Subdivision) - Triangle shaped parcel Lot 1, Block 2, Eagle Point

9700

Lincoln City

500

Lincoln Ciy/ Siletz

River-front / Legal access is by river / Has registered boat dock.

3300

Depoe Bay

2300 6900

T-C

R-M

R-7.5

Eddyville Eddyville

7400

Toledo

Across the street from 127 NE Shore Pine Ct., Newport

.33 acre

1.32 acre

RR-5, DR

701 700

11-10-07-DA

.22 acre

.06 acre

R-5 T-C

R-2

R-1, PD

Between Hwy. 229 & 80 Camp 12 Loop Across the street & to the West of 127 NE Shore Pine Ct., Newport

Newport Newport

11-9-10-BC 11-09-10-BC

.14 acre

R-R

OCEANVIEW LOT! Located within the gated Sea Crest Subdivision, on Sea Crest Place cul-de-sac. *

Otter Rock

10-11-20-CA 10-11-32-DD

4660 SW Coast Ave.

Oceanview! Lot 7, Block 9, Sundown Addition to Depoe Bay (located on undeveloped road NE Vista Terrace) possible encroachment.

Siletz Newport

4600 2001 2200

11 12 13 14

R-4 R-4

.11 acre

.09 acre .34 acre .13 acre

10/29/2020

9/17/15

9/17/15 10/12/17 9/30/10 10/23/08

$35,000

$40,000

$10,000 $22,000 $99,000 $30,000

10/12/17

$25,000

9/17/15

$275,000

9/29/11 9/18/14

.13 acre

9/18/14

.45 acre

10/18/18

$35,000 $30,020 $29,960

Sea Lake Terrace, Lot 48 (Lot located off NE Big Creek Road)

R-1

20906 Hwy. 20. - Has septic system.

R-1, RC

.12 acre

9/18/14

$39,940

20900 Hwy. 20

R-1,RC

.15 acre

9/27/12

$25,000

Located between 505 NW Radio Court & 525 NW Radio Court

RS-PD

.22 acre

10/29/20

$25,000

* Upon purchase, Purchaser(s) will be required to join the Sea Crest Subdivision Home Owners Association & begin paying HOA dues.

$10,000

$40,000

09-11-05-CA

3300

Depoe Bay

09-11-29-CD

4600

Otter Rock

OCEANVIEW LOT! Located within the gated Sea Crest Subdivision, on Sea Crest Place cul-de-sac. *

R-1, PD

.09 acre

9/17/15

$275,000

10-10-08-DD

2001

Siletz

Between Hwy. 229 & 80 Camp 12 Loop

RR-5, DR

.34 acre

9/29/11

$35,000

10-11-20-CA

2200

Newport

Across the street & to the West of 127 NE Shore Pine Ct., Newport

R-4

.13 acre

9/18/14

$30,020

10-11-20-CA

2300

Newport

Across the street from 127 NE Shore Pine Ct., Newport

R-4

.13 acre

9/18/14

$29,960

10-11-32-DD

6900

Newport

Sea Lake Terrace, Lot 48 (Lot located off NE Big Creek Road)

R-1

.45 acre

10/18/18

$10,000

11-9-10-BC

701

Eddyville

20906 Hwy. 20. - Has septic system.

R-1, RC

.12 acre

9/18/14

$39,940

11-09-10-BC

700

Eddyville

20900 Hwy. 20

R-1,RC

.15 acre

9/27/12

$25,000

11-10-07-DA

7400

Toledo

Located between 505 NW Radio Court & 525 NW Radio Court

RS-PD

.22 acre

10/29/20

$25,000

* Upon purchase, Purchaser(s) will be required to join the Sea Crest Subdivision Home Owners Association & begin paying HOA dues.

Parcel #

MAP #

The property listed below is available for private purchase until sold.

TAX LOT

100, 200, 300, 11-10-07-DC 400, 500, 600 & 1000

11-10-08-BD

499

11-10-08-BD

499

11-10-17-BB

9100

000

11-10-17-BD

000

020

960

ZONING

APROX SIZE

LAST AUCTION DATE/PRIVATE SALE

MINIMUM BID @ LAST AUCTION

Toledo

Lots located to the West of 1020 NW Hwy 20 & to the North and Northwest of 909 & 937 NW Sunset Drive (all lots being sold together)

RS, R1

1.5 acre

10/29/20

$65,000

Toledo

Directions; NW of 1875 NE Arcadia Dr.

R-S

.44 acre

9/27/12

$9,500

There are 2 segments within 1 tax lot.

R-S

.05 acre

Toledo

Corner of E Hwy. 20 & NE Alder St.

.09 acre

9/30/10

$16,000

200

Toledo

Corner lot - Across the street from 208 SE Fir St.

R-G

.23 acre

10/23/08

$7,500

11-10-7-DC

100

Toledo

Directions; W of 1020 NW Hwy. 20 (Old Hwy. 20, Toledo).

R-1

.11 acre

9/27/12

$5,000

11-11-9-BC

600

Newport

lot 6 (North of 405 SE Scenic Loop)

R-4

.21 acre

$45,000

11-11-35

1300

Toledo

Approx. M/P 6.09 on S Bay Rd.

RR-5, DR

1.30 acre

9/29/11

$29,000

12-12-25-DD

199

Seal Rock

Lot located North of 9393 Jay Street

R-1, RC

0.23

10/29/20

$25,000

13-11-18-BC

3900

Waldport

2801 NW Bayshore Loop

R-1

0.14

10/24/19

$25,000

13-12-25-AD

4600

Waldport

1161 SW Seabrook Lane

R-1

0.51

10/26/20

$150,000

R-1

.27 acre

9/17/15

$25,000

R-1

.28 acre

9/17/15

$25,000

000

ADDRESS/GENERAL DIRECTIONS & PERTINENT INFORMATION

THIS IS NOT NECESSARILY THE CURRENT PURCHASE PRICE - PLEASE READ THE GENERAL INFORMATION PAGE.

000

NEAREST CITY/ COMMUNITY

Amy Howard, Property Manager

14-12-26-BC

6800

Yachats

OCEANVIEW! Black Stone subdivision - Paved streets & utilities at lot line. Directions; turn E on 9th St., N on King St., E on 10th St., N on Hanley Dr. to Gimlet Ln.

14-12-26-BC

6900

Yachats

Black Stone Subdivsion Off of Gimlet Ln.

000

940

* #7 -Upon purchase, Purchaser(s) will be required to join the Sea Crest Subdivision Home Owners Association & begin paying HOA dues.

000

Purchase Information …of Tax Foreclosed Property: Pursuant to ORS 275, tax foreclosed property must fi rst be off ered at a Sheriff ’s Auction. If not sold at that time, surplus property will be added to the available property list, and may be sold by private sale throughout the year.

000

Need More Information?: For further information, please contact: Amy Howard, Property Manager, tel: (541) 265-4967 propertymanagement@co.lincoln.or.us. Offi ce hours by appointment. All information is found at: https://www.co.lincoln.or.us/pm/page/purchase-information and deemed reliable and accurate at the time of publishing. Individuals must check all state, county and city offi cial offi ces to confi rm details. Country Media, Inc releases all responsibility.

Winter Real Estate Guide 2020 • 5

Revised on 11/2/2020

Winter Real Estate Guide 2020 • 6

ooking to buy a home? Here are some strategies to keep you on the right track while you search for the perfect place to settle down in. • Know your budget and stick to it. Being aware of the amount you can afford—which won’t necessarily be the same amount that your lender will offer—is essential to the house hunting process. Only seriously consider those abodes that are within your means. • Make a list of needs and wants. Rate each of your wants on a scale from one to five. This list

House hunting tips and tricks will allow you to instantly recognize a suitable find when you see one. • Pay attention to the neighborhood. Only consider houses that are in areas with the amenities, services and lifestyle that suit you and your family. • Research online to get an idea of what’s out there, but don’t let what you see on the web determine if a home’s right for you or not. Always visit in person if the house meets your needs and the price and neighborhood are the right fit. • Take notes and

pictures when you visit homes, as it’s easy to forget what you saw and where you saw it after visiting multiple properties. • Educate yourself on market values and trends in your desired neighborhood(s). This way, you’ll know a good—or at least reasonable—deal when you see one. The most important thing when it comes to buying a home is to find a place that meets your needs and budget. Avoid being swayed by emotion and instead rely on reason and research to make the right decision.

every smile

comes from a place of safety and security that only a home can bring. Everyone deserves the opportunity to build a better life. Donate or volunteer at habitatlincoln.org.

LINCOLN CITY

2150 SW Hwy 101 (541) 614-1060

NEWPORT

134 E Olive St. (541) 264-8585

www.habitatlincoln.org

CCB #217601

enovating a home to improve its value can be a smart investment. Interior improvements, such as updating kitchens and baths, offer good return on investment, but there are plenty of exterior renovations that can add value to a home and give it that coveted “wow” factor. Landscaping Abundant and wellplanned landscaping can instantly boost curb appeal. According to the landscaping company Lawn Starter, 71 percent of prospective home buyers say a home’s curb appeal is an important factor in their buying decisions. As buyers use the internet to look for their

dream homes, there’s no denying a beautifully landscaped, nicely photographed property can entice buyers to click and read more about a house. Address insects and minor repairs Improving home value may come down to fixing areas of the home that can negatively affect its appeal to buyers. Hire an inspector to look at key components of the house and recommend what needs to be fixed. This way it is discovered before home buyers come in and do their own inspections. Termite infestations, deteriorating roofs and hidden water leaks are

In addition to the front door, make sure that the entryway has a level walkway, steps that are in good repair, accents that are free from rust or tarnish, and decorative plants.

some things that might need fixing. Improve the entryway The front door is the focal point of a home’s exterior. Invest in a new door or paint it a striking color to add appeal.

Remodeling magazine’s “Cost vs. Value Report 2019” indicates changing an entry door to a steel replacement can offer 74.9 percent ROI. Such a door provides visual appeal and added security — things buyers look for.

Outdoor lighting Outdoor lighting can add to the ambiance of a property and serve as a security feature. Utilize different lights, such as a bright light by the entry, uplighting in trees and shrubs for drama, a light-lined path to the door to improve visibility, and motion-detection lights to improve the security of the property. Repaint (or reside) the exterior

Winter Real Estate Guide 2020 • 7

Exterior renovations that can improve home value

A fresh coat of paint or new (or cleaned) siding can instantly give homes a facelift. Neutral, warm and inviting colors tend to have the widest appeal. Adding manufactured stone veneer to the home can offer a 94.9 percent ROI, says Remodeling. And after doing the front door and siding, investing in a garage door replacement offers the highest ROI of all exterior projects listed on the “Cost vs. Value Report 2019.” This improvement returns 97.5 percent when selling. Knowing which improvements add value to a home can help homeowners tailor their efforts to those that are most financially beneficial.

Winter Real Estate Guide 2020 • 8

Pam’s Homes by the Water

3 WATERFRONT HOMES on 1.2 acre in Cape Meares. Over 4,135 sq ft of vintage living with character. Sold furnished. 6 bdrms, 5.5 bathrooms. Most rooms on ground level. 20-116 $1,900,000

OCEANFRONT VACATION RENTAL in picturesque Tierra del Mar with miles of sandy beach & near Pacific City’s great restaurants/ fishing/surfing/kayaking. 2048 sq ft, sauna, jet tub, quartz counters. 20-681 $895,000

3121 SQ FT OF ELEGANCE on 2.14 acre boasting views of Trask River, blimp hangar & an occasional bear! In the foothills of the Coast Range for easy access to Metro commute. 3 to 4 bdrms, 2.5 baths, family room, gourmet kitchen. 20-529 $799,000

PANORAMIC OCEAN VIEW includes fishing boat traffic over the bar at the Barview Jetty. 3160 sq ft in Terwilliger View Estates. Boat parking pad. Huge view deck. Jetted tub. 4 bdrm 3 bath. Call Pam or Mary Kay Campbell 503-354-4501. 20-528 $714,125

LUXURY LIVING, awe inspiring view of Netarts Bay/Cape Lookout/Pacific Ocean. 4 bdrms 2.5 baths, 2834 sq ft, 2 view decks, fenced backyard, handscraped wood floor, granite counters, double garage, loads of storage. Call Pam or Mark Stewart 970290-5934. 20-514 $593,000

1- LEVEL LIVING, Alderbrook golf course view. Solid oak floors throughout most rooms, 2 fireplaces, huge family room, 2 eating areas, 4 bdrms, 2.5 bathrooms. Golf cart shed plus double garage & small shop. 2342 sq ft. 20-674 $450,000

ONE LEVEL NEWER home in Ocean Highlands, lovely view, fenced yard, covered patio, raised garden beds, hot tub. 4 bdrms, 2 baths. Soaring vaulted ceiling, quartz counters with island, upgraded appliances included. Built 2018. 20-700 $399,000

OCEANFRONT CAPE MEARES, over half acre homesite located in community water district. Needs septic. Panoramic view of Pyramid Rock, Cape Lookout & miles of Bayocean Spit. 20-297 $350,000

COTTAGE BY THE SEA in Oceanside. View of waves rolling onto beach. 2 bdrms 1 bath, mid-century vintage, located in the heart of the village near beach access & restaurants. Cash only sale. Land owned jointly with others. 20-658 $259,000

Pam Zielinski, CRS, Principal Broker

For a showing appointment call 503-880-8034 pzielinski@bhhsnw.com Berkshire Hathaway Home Services Northwest Real Estate