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1540 NW 20th St, Lincoln City, OR, 97367

$415,000

Home List Price

$4,928*

Closing Credit

2 Bedrooms
1 Full Bath
728 SqFt
$570/SqFt
House

Location

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1540 NW 20th St, Lincoln City$415,000

Buyer Closing Credits

$4,928*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Street Parking
Garage1 space
Year Built1930
HeatingZoned
CoolingZoned
MLS #24610331
Lot Size0.11 Acres
StatusActive

About 1540 NW 20th St

This charming beach cottage is ideally situated between Highway 101 and the stunning coastline, offering the perfect blend of convenience and coastal living. Nestled in the highly desirable Lincoln City, this property is more than just a picturesque retreat—it's also a valuable investment opportunity. Thanks to the extremely rare OPMSH zoning, this cottage comes with guaranteed short-term rental (STR) use, making it a lucrative income-producing asset from day one. Step inside this turnkey home, and you'll find a thoughtfully designed space that combines comfort with functionality. The practical kitchen is well-equipped for all your culinary needs, while the generous living area invites you to relax and unwind after a day at the beach. With two cozy bedrooms and a well-appointed bathroom, this cottage offers the perfect setting for an intimate escape. Whether you're planning to use it as a weekend getaway or rent it out to visitors, this property has all the elements needed to create memorable experiences. The cottage also boasts modern upgrades, including a newer mini-split HVAC system that ensures year-round comfort. Additionally, the detached single-car garage provides plenty of storage space for all your beach gear and more. With its prime location, income-generating potential, and undeniable charm, this beach cottage is ready to be your home away from home—or a profitable addition to your real estate portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story, Cottage
  • Year Built: 1930
  • Stories: 2
  • Living Area: 728 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (310) 422-6044
  • Listing Agent: Evan Nelson

Interior Features

Interior Information:

  • 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

Lot Features

Lot Information:

  • Lot: Gentle Sloping, Level
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Zoned
  • Cooling: Zoned

School Info

Assigned Schools Information:

  • Taft High School, Public District Grades 7-12
  • Taft Elementary School, Public District Grades 3-6

Other

Directions Information:

  • Directions: Hwy 101

Price Information

Listing Price Info

Price Summary:

  • List Price: $415,000
  • Price Per SqFt: $570/SqFt

Tax Information:

  • Annual Amount: $1,707
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lincoln City, OR.

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Lincoln City, OR

City

Med. Sold Price

$510K

Med. Price/SqFt

$344

Avg. Days On Market

64

# of Sold Homes

21

1540 NW 20th St vs Lincoln City

67 DAYS ON ROCKET

+3 Days

$415,000

-$95K Less

$570/SqFt

+$225 More

KEY TAKEAWAY

This property is $95K less than the Median Sold Price and $225/SqFt more than other homes in Lincoln City, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24610331

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (310) 422-6044
  • Listing Agent: Evan Nelson

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: 11/5/2024, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 06, 2018Home Sold
$179,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,707$101,100
2019$1,648$98,160
2018$1,611$95,310
2017$1,542$92,540

History based on county public records data.

Payment Calculator

$2,139

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,311

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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.

Elementary School

school-card-donut-2040735
5
/10

  • Taft Elementary School

  • 4040 SE High School Dr

  • 3.02 miles

  • Public District Grades 3-6

High School

school-card-donut-2040736
2
/10

  • Taft High School

  • 3780 SE Spy Glass Ridge Dr

  • 2.85 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,750. The majority of Lincoln City, OR residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1540 NW 20th St

What is the listing price of this property?

The listing price of 1540 NW 20th St property is $415,000.

What type of property is this?

The property 1540 NW 20th St is a house located in Lincoln City, Oregon, 97367.

Is this property for sale now?

Active Listing: 1540 NW 20th 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 1540 NW 20th St are:
Taft Elementary School: GreatSchools Rating 5/10
Taft High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,707 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 6, 2018 for $179,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1540 NW 20th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1540 NW 20th St is 728 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1540 NW 20th St is 1930.

Rocket Homes›Oregon›Lincoln County›Lincoln City›97367›1540 NW 20th St

This home is located at 1540 NW 20th St in Lincoln City, OR and zip code 97367 in the Devil's Lake Park neighborhood. This 728 square foot home, which was built in 1930, sits on a 0.11 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $415,000.

Over 1 listings were sold over their listed price in October 2024 in Lincoln City, OR. In the same period over 15 listings were sold below the listed price and 5 listings were sold for the listed price. The inventory of homes for sale in Lincoln City, OR between September 2024 and October 2024 increased by 12%. In October 2024 median list price was $510,000 and the average listing age was 64 days.

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

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