Home for Sale at 944 N Bayview Rd, Waldport, OR 97394

Refine Search

944 N Bayview Rd
Waldport, OR 97394

JESSALYN SEIBER with EXP REALTY, LLC, original listing - (888) 814-9613

« Prev

Property Details

List Price:	$3,100,000
Beds:	5
Baths:	Full: 5, ½: 1
Status:	Active
SqFt:	3774 Square Feet
Agency:	EXP REALTY, LLC
Agency Phone:	(888) 814-9613

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	4 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1926
Notes:	Stunning gated, bay front home w/ established income producing guest house or possible ADU . Enjoy beautiful bay/Mnts views from the office, master bedroom, kitchen and guest house. Full RV hook up. Basement and wine cellar. 2 hot tubs to enjoy. She shed. 2 warm outdoor showers. Conveniently located minutes from town. You can walk or take a kayak down to the ocean or across the bay to the new marina. Private beaches. You can clam and crab from the property. Furnishings are included with full price purchase. Kayak Shack, fire pit, hydro bikes and paddle boats. Water filtration system and upstairs heater were brand new in 2018. Every appliance in the main house kitchen, except for the dishwasher has been purchased in the last three years. Washer and dryers are both about two years old. In the guest house all appliances are circa 2019. Grandfathered in to build a dock, has a riprap and is grandfathered in. Separate lot next door. Possibility to host large numbers of family and friends. Hour and a half from Eugene airport. Double septic system. Existing creek, house water is spring mountain water fed out of 2 1000 gallons cisterns. Irrigation and other water supplied by creek. There are valves that switch water between the spring water and the creek water if needed. Creek is very strong and runs year round. Spread sheet available to show all home improvements. Air stream. Backyard fruit trees, apple, cherries, Japanese pear and lots of wild berries. French drains going through property. Purple Varnish Clams, Razor Clams, Salmon and Crab all available to catch right from the property. 5 1/2 bathrooms, including guest house.
MlsNumber:	--
ListingId:	819508

Listing Provided By:	EXP REALTY, LLC, original listing
Phone:	(541) 248-7497
Office Phone:	(888) 814-9613
Agent Name:	JESSALYN SEIBER
Disclaimer:	Copyright © 2024 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Local Real Estate Expert

Nakita Guth

RE/Max Integrity

Call Today!: (541) 514-7090

Contact Me

USHUD.com on the Go!

Foreclosure Mobile App

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

HudExchange.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -