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Toledo, OR Real Estate News

By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
They just don't build 'em like this anymore! I love the older diners for their charm, especially when they serve up great comfort food, a short distance from the Port of Toledo marina, where boats can pay a nominal fee to stay overnight. Toledo Oregon is located on the Yaquina River, about 12 winding water miles from the ocean (Yaquina Bay), or 7 highway miles from downtown Newport. Grab a Timber burger to go, on your way to do some Salmon fishing!     
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
I recently sold a HUD home which was falling in to disrepair and giving the neighbrhood a depressing look. There were areas of unfinished exterior paint, boarded up windows, trash in the yard. HUD listed the home and began to clean up the property. They priced it correctly, making it marketable in as-is condition. My buyer was able to begin repairs with the money they saved on the purchase price. Fast forward 3 months and the house is starting to look great. A new roof was the first repair. The inside was gutted and all outdated appliances to be replaced. Siding, deck, windows and doors are new and sparkling.  The house has a daylight basement which is going to become a mother-inlaw apartment. Many of the neighbors have come out to talk to the new owner, everyone is delighted with his p...
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
Toledo is a rural community close to Newport on the Central Oregon Coast. Normally, it takes a little longer to sell a home in Toledo as it is about 10 minutes inland from the ocean. However.... Newport has been growing, and as a result, we are seeing homes sell more quickly. As demand starts to exceed supply, many are choosing to live in the nearby community of Toledo. Here is an example of an affordable HUD home currently listed in Toledo, Oregon:                             
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
However, some of us are just born happy! As of yesterday, this incredibly handsome and dapper power pole was installed and stands proudly in his new location at the west entrance of Toledo, OR on Business Highway 20, across the street from the Dairy Queen. Although his smile is now forever hidden, I consider myself lucky to have met this fine individual! Hats of to you!   Mr. Power Pole lives in Toledo, located about 10 minutes inland from the Pacific Ocean. Toledo is at the east end of the Yaquina River, a popular boating and fishing area. Toledo has approx. 3500 residents with the largest employer of the Lincoln County area, the GP mill. When it is foggy in Newport, it is generally sunny and warm in Toledo. Home prices are attractive compared to Newport. There is a very nice marina i...
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
A simple method is used to determine the value of rental income property for both types of buyer, investor buyer or primary residence buyer, the "10X Gross Multiplier." A Comparable Market Analysis (CMA) is also used to evaluate the property and to find the average sold price per square foot.  The above property has been a successful rental, so a multiplier of 10X gross yearly rent will help determine current value. I include this information along with my sold comparables to see if the two numbers are similar. *Please note: 10x gross may be an optimistic number in some regions with severely depressed home values. Here is an example of how the "10X gross multiplier" works for a landlord buying or selling rental property: __________________________________________________________________...
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
When the weather looks like this in the dead of winter, it is time to dust off the boat and take her out for a spin. This photo was shot at the Toledo boat launch, located a short drive from the restaurants on historic Main Street.  Boaters in the know will come here and have breakfast, then launch here, rather than line up behind dozens of other boaters at the South Beach launch in Newport at the mouth of the beautiful Yaquina Bay. Toledo is located 7 miles inland from Newport, however, when you launch from this ramp you have a nice 12 winding miles of fishing between the two points, and the prize is that you can make Newport your destination, tie up and have lunch at the Embarcadero, then head back to Toledo for an unhurried and relaxing end to your day. Toledo is now home to a new b...
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
I would like to share a poem with you written by Homer, thirty years before Christ was born. Happy the man, and happy he alone, He who can call to-day his own: He who, secure within, can say: "To-morrow, do thy worst, for I have liv'd to-day."   Here's wishing you a day free of worry and full of hope and beauty. Thanks for taking the time to read my blog! Happy selling!
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
This photo was taken today in Toledo Oregon. I was testing out my new camera just for you! Unfortunately it has the wrong date stamp, which the color of the tree will prove! Toledo, Oregon is located about 7 miles inland from Newport Oregon. It is a popular place to live for many who work in Newport but want a warmer inland climate during the summer when the fog and wind roll in at the beach. Toledo is great for those who wish to grow vegetables or flowers and like a rural atmostphere that is minutes from the Oregon Coast. There are many artsy little shops and lots of crafting going on in the Arts District of Toledo. Contact me if you wish to know more about this dynamic artistic community. Hope you have a very nice Thanksgiving week!
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
As seen on Main Street in Toledo Oregon in front of the Quilter's Cottage. A happy, but scary individual, yes? This lovely lady was spotted drying her nails outside of the Magic Mirror Hair and Nail Salon on Main Street.  
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
This Pumpkinhead Scarecrow was seen sitting outside of a quilt shop on Main Street in Toledo Oregon. It is part of a contest every year, lots of fun to view them as they show up around town! This fine beauty queen appeared a couple of days ago in front of the Magic Mirror Beauty Salon. Love the 'do! This warning brought to you by Mike's Mercantile and Best Hardware on Buisness Highway 20 in Toledo!
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By Barbara Le Pine, Your agent for the Central Oregon Coast!
(ADVANTAGE REAL ESTATE, serving Lincoln County)
Anglers from all over are headed to the Central Oregon Coast this time of year to enjoy the fall Salmon fishing season. One of the most popular places to go is Yaquina Bay in Newport Oregon. On any given weekday in the fall, there are boats lined up at the ramp, ready to try their luck on the 12 mile inlet that leads to Toledo, OR, and Elk City, Oregon.   The weather in the late summer and early fall can be exceptional! Here's my tip: Instead of loading your boat at the crowded Newport boat ramp, head 7 miles inland off of Hwy. 20, to Business Hwy. 20 which leads to Historic Downtown Toledo.  Toledo Oregon is only a 9 minute drive inland from US Hwy. 101. Follow signs to Main Street, you can't miss it as there is only one traffic signal! Toledo boat ramp is located on South Bay road, n...
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