Located in an OPPORTUNITY ZONE, this 8-acre parcel in North Bend City Limits offers prime potential for multi-residential development. Positioned on the 2nd highest trafficked road off Highway 101, it's centrally located between Coos Bay and North Bend. Currently zoned as R-7, the seller is open to a long escrow to accommodate a rezoning contingency. Zoning information and planning documents are available upon request.Photos and a fly-through video provide a detailed look inside the lot lines. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner Engineering. Merchantable timber on the property was valued at $42,000 by Messerle and Sons, adding another layer of potential revenue.Investing in an Opportunity Zone can offer tax incentives, capital gains deferral until December 31, 2026, capital gains reduction for holding periods of at least five or seven years, and tax-free gains for investments held for at least 10 years. This investment can also contribute to improving the local economy and community, in need of more housing.Contact North Bend City Planning Department for more details on the Opportunity Zone benefits consult with a tax/financial advisor on the Opportunity Zone advantages.
Property Details
Property Features
Listing Office:
Office Name: National Real Estate
Office Phone: (541) 252-0964
Listing Agent: Samantha Oswald
Exterior Features
Exterior Information:
View: City, Territorial, Trees/Woods
Parking Information:
Attached Garage: No
Virtual/3D Tour
Virtual Tour: 0 Newmark
Virtual Tour
Lot Features
Lot Information:
Lot: Stream, Wooded
Lot Size: 8.09 Acres
Other
Directions Information:
Directions: Highway 101 to Newmark, right-hand side before Kenware Chevrolet dealership
Price Information
Listing Price Info
Price Summary:
List Price: $700,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in North Bend, OR.
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: 11/21/2024, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,561
Per Month
Principal & Interest
$3,494
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,165
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Hillcrest Elementary School
1100 Maine St
Distance between this listing and this school1.10 miles
Public District Grades KG-5
5
/10
North Bay Elementary School
93670 Viking Ln Ste 1
Distance between this listing and this school7.84 miles
Public District Grades KG-5
5
/10
Coquille Valley Elementary
1115 N Baxter St
Distance between this listing and this school14.47 miles
Public District Grades 1-6
Nearby Schools
3
/10
North Bend Middle School
1500 16th St
Distance between this listing and this school0.75 miles
Public District Grades 6-8
3
/10
Sunset School
245 S Cammann St
Distance between this listing and this school1.55 miles
Public District Grades 4-7
7
/10
Millicoma Intermediate School
260 2nd Ave
Distance between this listing and this school2.83 miles
Public District Grades 4-7
Nearby Schools
5
/10
North Bend High School
2323 Pacific Ave
Distance between this listing and this school0.86 miles
Public District Grades 9-12
1
/10
Resource Link Charter School
1255 Hemlock Ave
Distance between this listing and this school1.28 miles
Public Charter Grades KG-12
1
/10
Destinations Academy
1255 Hemlock Ave
Distance between this listing and this school1.28 miles
The neighbors living near this home have an average income of $33,780. Residents of North Bend, OR typically earn less than $35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0 Newmark
What is the listing price of this property?
The listing price of 0 Newmark property is $700,000.
What type of property is this?
The property 0 Newmark is land located in North Bend, Oregon, 97459.
Is this property for sale now?
Active Listing: 0 Newmark is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 0 Newmark in North Bend, OR and zip code 97459. This home sits on a 8.09 acre lot. It has been listed on Rocket Homes since October 04, 2023 and is currently priced at $700,000.
In October 2024 more than 3 listings in North Bend, OR were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 4 were sold below. The number of listings in North Bend, OR decreased by 7.6% between September 2024 and October 2024. In October 2024, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $346,750.
From Rocket Homes Real Estate and based on county public records data.
The 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. 
PGA/LPGA
PGA/LPGA
Horse Races
Figure Skating
Chico's
Stein Mart
Family Dollar
Cracker Barrel
LongHorn Steakhouse
Bob Evans
Buick
Oldsmobile
Chevrolet
Soft Adult Contemporary
Contemporary Inspirational
News