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153 S Wells DR, Lincoln City, OR 97367

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For Sale

$899,000

4 beds2 baths1 half baths2,200 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $408.64
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Two dwellings & a metal barn all on separate lots! This listing consists of three buildings each on the three separate ocean/bay view lots, a half acre total. One parcel has a totally remodeled (read: new) 1 bedroom cottage with an adjacent sitting room that could easily become a second bedroom. Next is a well-built three bedroom retro chalet main house that was recently rented for 2500/mo., along with the adjacent metal barn which is built on the third residential lot. The main house is now currently vacant as the owner had planned to update. The cottage is currently used as a weekend getaway. Situated on a very private little-used dead end road high above Siletz Bay, the ocean views are unobstuctible and very natural because of the isolation of the parcel locations. The flat ledge these parcels sit on is visually isolated from and above the few parcels below. The separate cottage and main house septic systems were professionally updated and new roofs completed on each dwelling 3 years ago. The 24 X 36 (approx) barn has two large, high bays with automatic garage door openers and full concrete floor. Large graveled parking area adjacent to the barn accommodates 8-10 vehicles. Each dwelling sits on its own lot, has its own electrical service and KGB water meter even though the cottage is currently considered an adjacent building or guest house to the main house. The cottage was originally a shop/garage but was smartly placed on its own parcel with its own water, septic and electrical infrastructure. It's a perfect combination of an enjoyable ocean/river-oriented getaway with lots of covered and uncovered space for vehicles and work area. The 3 b/r house and guest house/cottage have obvious, separate potential but it's also a wonderful compound. It's a fisherman's dream, anyone's fun-filled investment, or a perfect place for a to develop their future together. The owner would love to creatively finish this project but circumstances dictate otherwise.
MLS# 24595661

Courtesy Of Realty NET

(503) 300-6330

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Deck, Porch
  • Appliances
    Dishwasher, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    None
  • Exterior Type
    Vinyl Siding
  • Heating System
    Baseboard
  • View Type
    Ocean, River

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