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    594 Newport Heights Dr Newport, OR 97365

    Sponsored
    For Sale
    $699,999

    Country charm meets town convenience. Spacious 3-bedroom home.

    Property size:
    2,021 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-bedroom, 2-bathroom home, nestled on a sprawling 3.52-acre lot in Newport, Oregon, offers the perfect blend of rural tranquility and urban accessibility. Built in 1940 and renovated in 2005, this 2,021 square foot residence boasts a spacious open floor plan with vaulted ceilings and abundant natural light. The property features a large primary bedroom with a walk-in closet and ensuite bathroom, a dedicated office area with built-ins and its own water heater, extra-wide doorways, and solid hemlock doors. The kitchen includes newer appliances, and the home is equipped with a central vacuum system. Two hot water heaters and an upgraded pump house (pump replaced February 2024) ensure efficient functionality. Outdoor amenities include large front and back decks, the latter overlooking a serene pond

    Property Features for 594 Newport Heights Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,021 SF
    Class
    B
    Lot Size
    153,331 SF

    Building Details

    Year Built/Renovated
    1940/2005
    Buildings
    3
    Stories
    2
    Units
    1

    HighLights

    • 3‑bedroom, 2‑bathroom home on a 3.52‑acre lot in Newport, OR.
    • 2,021 sq ft home built in 1940, renovated in 2005, featuring an open floor plan with vaulted ceilings.
    • Large primary bedroom with walk‑in closet and ensuite bath; dedicated office with built‑ins and separate water heater.
    • Features extra‑wide doorways, solid hemlock doors, newer kitchen appliances, and a central vacuum system.
    • Two hot water heaters and an upgraded pump house (pump replaced February 2024).
    • Large front and back decks, back deck overlooking a pond.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0284862
    Latitude
    44.6391516

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    FAQs

    What type of property is this?
    Multifamily property - Country charm meets town convenience. Spacious 3-bedroom home.
    Where is this multifamily property located?
    The property is located at 594 Newport Heights Dr Newport, OR.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: 3-bedroom, 2-bathroom home on a 3.52-acre lot in Newport, OR.; 2,021 sq ft home built in 1940, renovated in 2005, featuring an open floor plan with vaulted ceilings.; Large primary bedroom with walk-in closet and ensuite bath; dedicated office with built-ins and separate water heater.
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    594 Newport Heights Dr Newport, OR 97365
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    Newport, OR 97365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    594 Newport Heights Dr Newport, OR 97365
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