Live in harmony with nature in this lovely mid-century contemporary home that is well maintained. Beautiful site with cleared grassy spaces surrounded by an enchanting forest and other mature landscaping. All the essentials for country living are here yet just a short drive to Toledo and 10 minutes to Newport. Covered and open decks along with a concrete patio to entertain or just take in the scent and sights of the scenery. The home enjoys main level living and oversized rooms. Vaulted tongue and groove pine ceilings, huge walls of windows and country details. Garage has a good shop area and loads of storage. Nice little garden shed too with ample wood for the fireplaces. Lots of room for your family, good friends & fur friends to roam and enjoy on over an acre.
Closed
$425,000
488 S Bay Rd, Toledo, OR 97391
2beds
2baths
1,736sqft
Single Family Residence
Built in 1942
1.16 Acres Lot
$474,000 Zestimate®
$245/sqft
$2,543 Estimated rent
Home value
$474,000
$441,000 - $507,000
$2,543/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
John Iwamura john@loveoceanfront.com,
JKI Realty
Bought with:
Fallback agent
OUT OF AREA
Source: OCMLS,MLS#: LC-99579
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Primary bedroom
- Description: Primary
Utility room
- Description: Area
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Water Heater
Features
- Flooring: Carpet, Other
- Windows: Window Treatments
- Basement: Daylight
- Has fireplace: Yes
- Fireplace features: Insert, Pellet Stove, Wood Burning
Interior area
- Total structure area: 1,736
- Total interior livable area: 1,736 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Forest
Lot
- Size: 1.16 Acres
Details
- Additional structures: Shed(s), Workshop
- Parcel number: 111020B70000
- Zoning description: I-P Planned Industrial
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Shake Siding, Shingle Siding, T1-11 Type
- Foundation: Concrete Perimeter, Slab
- Roof: Composition
Condition
- Year built: 1942
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available
Community & HOA
Community
- Subdivision: Toledo Industrial Park
HOA
- Has HOA: No
Location
- Region: Toledo
Financial & listing details
- Price per square foot: $245/sqft
- Tax assessed value: $495,890
- Annual tax amount: $2,414
- Date on market: 9/2/2023
- Listing terms: 1031 Exchange,Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2023 | Sold | $425,000-5.6%$245/sqft |
Source:  OCMLS #LC-99579 Report a problem | ||
| 9/22/2023 | Contingent | $450,000$259/sqft |
Source: OCMLS #23-1757 Report a problem | ||
| 9/22/2023 | Pending sale | $450,000$259/sqft |
Source:  RMLS (OR) #23378038 Report a problem | ||
| 9/2/2023 | Listed for sale | $450,000+206.1%$259/sqft |
Source: OCMLS #23-1757 Report a problem | ||
| 9/13/1996 | Sold | $147,000$85/sqft |
Source:  OCMLS #96-10792 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,630 +5.5% | $219,340 +3% |
| 2024 | $2,493 +3.2% | $212,960 +3% |
| 2023 | $2,415 +3.1% | $206,760 +3% |
| 2022 | $2,342 -0.6% | $200,740 +3% |
| 2021 | $2,355 +5.1% | $194,900 +3% |
| 2020 | $2,241 | $189,230 +3% |
| 2019 | -- | $183,720 +3% |
| 2018 | $2,181 | $178,370 +3% |
| 2017 | $2,181 +13.1% | $173,180 +3% |
| 2016 | $1,928 | $168,140 +3% |
| 2015 | $1,928 +5.6% | $163,250 +3% |
| 2014 | $1,825 | $158,500 +3% |
| 2013 | $1,825 +6% | $153,890 +3% |
| 2012 | $1,722 +7% | $149,410 +3% |
| 2011 | $1,609 +3% | $145,060 |
| 2010 | $1,563 +3.3% | $145,060 +6.1% |
| 2009 | $1,513 +2.6% | $136,740 |
| 2008 | $1,475 +3.1% | $136,740 +6.1% |
| 2007 | $1,431 | $128,900 |
Find assessor info on the county website
Neighborhood: 97391
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Nearby schools
GreatSchools rating
- 5/10Toledo Elementary SchoolGrades: K-6Distance: 1.3 mi
- 3/10Toledo Jr. HighGrades: 7-8Distance: 1.3 mi
- 1/10Toledo Junior/Senior High SchoolGrades: 9-12Distance: 2.3 mi
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- Oregon
- Lincoln County
- Toledo
- 97391
- 488 S Bay Rd
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