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Offer Price

$

Proposed Settlement Date

Financing Terms

Include Furniture

Include Future Bookings

By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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The Lookout

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Lincoln City, OR 97367

Favorite
$2,000,000
8
4
3,619
sq. ft.
$553
per sq ft
Heated sq ft: 3,619 sq ft
Avg Nightly Rate: $710
Home Legally Sleeps: 16
Occupancy Rate: 0 weeks
Annual Gross Income : 200000
Annual Net Operating Income : 150000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: Beach
New Construction: Inquire
Days on Vrolio: 783

Property Description

Extraordinary ocean front residence. This is a one-of-a-kind opportunity to own a family home or vacation rental with an amazing, unobstructed view. This iscommercial zoned so the possibilities are endless. This home gives you endless views, plenty of oceanfront space and great beach access. Perfect for a business retreat, family reunion, vacation or investment property. This home includes 8 bedrooms with the unique crow's nest lookout with a Hot Tub overlooking the ocean. Hardwood floors, lodge-style fireplace with direct beach access. Miles of beaches, easy access to shopping and dining. Buyer is aware that seller intends to perform an IRC Section 1031 tax-deferred exchange. Seller requests buyer's cooperation in such an exchange and agrees to hold seller harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Sold furnished except for owners personal belongings.

Presented by:
Agent:
Cassi Kimberling
Keller Williams Realty Umpqua Valley
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 1400
Low: 404
Peak: 1349
Special Event: 1400
Avarage: 710.00
Furniture Age
Inquire
Est Value of Furnishings
Inquire
Peak & High Seasons
June, July, August
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
1031 Tax Exchange
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
200000
Net Operating Income
150000
Stories
2
Additional Indoor Rooms
Family Room
Appliances
Dishwasher, Dryer, Full stove, Oven, Refrigerator, Washer
Heating/Cooling
Central Heat (gas or electric), Electric or Gas Firelace, Wall Unit Heat
Floor Coverings
Carpet, Real Hardwood
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Carpet
Year built
2007
Outdoor Features
Above Ground Spa, Deck, Porch - Not screened
View
Beach, Ocean
Backyard Exposure
North
Lot Size
7841 sq feet. Large portion of that is house and parking. Backyard has a small patch of grass and patio with a bbq'er and hot tub as well as plenty of seating.
Community Features
Tax Amount/Year
$14,327
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
16
Onsite Parking
7 Off street parking spaces.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
Yes, This is an 8 bedroom home. County only permits 5 bedrooms. This property is commercially zoned making the licensing no issue.
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Third Party
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$2,436.00
Water/Sewer (Annual)
$1,100.00
Cable/Interbet (Annual)
$1,000.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$14,327.00
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
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Weeks Rented (of 52)

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Management Fee Annually

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Additonal Nightly Insurance Policy Annually

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Sales, Bed, Resort, Tourist Tax Annually ($)

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Annual Permits/Licences

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Loan
Down Payment (%)

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Loan Amount

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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Keller Williams Realty Umpqua Valley, 541-784-6691

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