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Owner
$2,886,475
2940 PACIFIC AVE, CANNON BEACH, OR
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
3
baths
3
sq. ft.
2,384
property type
Single Family Residential
hoa
No

About

Residential
Living Area
Attached Garage
2 Stories
Unspecified Basement
Forced Air Unit
Spa or Hot Tub (Only)
Central

Financial Overview

Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property

Property Features

Year Built
1988
Building Size
2,384 sq ft
Lot Size
6,098 sq ft
Lot Size (Acres)
0.14 acres

Distressed Property Status

In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property

Property Location Details

Parcel Number (APN)
6585
County
Clatsop County, Oregon
Metro Area
Astoria, OR
Zoning
R1
Neighborhood/Subdivision
TOLOVANA PARK
Lot Number
2
School District
Seaside School District 10
Legal Description
TOLOVANA PARK LT 2 BLK 19

Tax & Value Information

Market Value (Total)
$3,498,362
Building Value
$1,459,799
Land Value
$2,038,563
Annual Property Tax
$18,496
Tax Assessment Year
2024
Assessed Value
$1,465,292
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
Last Sale Contract Date
12/19/2020
Recording Date
12/23/2020
Sales Document #
2020.11495
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Include
Address
Sale Date
Sale Price
Sq.Ft.
Bed/Bath
Lot Size
Year
$/Sq.Ft.
Distance
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$111,691
Return on Investment
15.60%
After Repair Value
$3,175,123

Basic Inputs

Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details

Purchase Price
$2,597,828
Renovation Cost
$144,324
Closing Costs (buying)
$51,957
Holding Costs
$78,816
Selling Costs
$190,507
Total Investment
$715,846
After Repair Value (ARV)
$3,175,123
Total Costs
$3,063,431
Estimated Profit
$111,691
Cash Invested
$663,889
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Date
Action
Price
PPSF
DOM
Agent
Brokerage
MLS/Listing #
2023-09-02Pulled Off Market$3,495$110Baruch Bar CohenOxford Property Group112015
2023-09-02Pulled Off Market$3,495$110Baruch Bar CohenOxford Property Group112016
2023-09-02Pulled Off Market$3,495$110Baruch Bar CohenOxford Property Group112017
2023-09-02Pulled Off Market$3,495$110Baruch Bar CohenOxford Property Group112018
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area