65851 N Bay Rd · Glasgow, OR 97459

$334,000

2 bd · 1.0 ba · 1,280 sqft · SingleFamily public records · 65 Days on market

Built 1945 0.29 ac lot $261/sqft · 19% below area Est $411k · 19% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +5.0/30.0
• Schools +3.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

.29 acres of pure bliss!! This adorable bay front home gives you a little country feel with the convenience of being only minutes from town. You will be able to enjoy many outdoor activities with sand dunes, ocean beaches, boat launch into the bay being less than 5 miles away. Sitting outside taking in the beautiful bay view is an option rain or shine with the covered deck on the house or the elevated deck off of the shed/office/art studio! (your imagination is the only limit) Do you have lots of toys or just lots of stuff?Storage won’t be an issue with the single car garage, double car garage and additional storage buildings. If you have wanted farm fresh eggs in the morning all you'll need are the chickens, you will already have a fully functional and finished coop! Do not miss out on this one! Schedule a showing today!!

Key facts

• Elevated deck
• Bay front home
• 0.29 acre lot

Tags

• BAY FRONT HOME
• COVERED WRAP AROUND DECK
• ELEVATED DECK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $334k.

Deal economics

• At list price, monthly cash flow is $-790 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $194k (41.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (55.0% below list).
• Recommended offer: $150k (55.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#301 in OR) — a working-class tenant base; expect higher turnover. Strengths: employment A+, housing A; Watch: health & safety C-, cost of living D, schools F.
• North Bend SD 13 (town): math 30% / reading 47% proficiency, ranked #21 of 58 in OR (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 170 active listings in the ZIP; 122 units permitted in Coos County in 2024 (16 in 5+ unit buildings).

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $33k appreciation (10.0% local appreciation)).
• Coos County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$57k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($314k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $41k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,318 (55.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 55% concession, seller financing, or rate buy-down credit?
3. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.45% ✗
• Cap rate: 3.45%
• Cash-on-cash: -10.14%
• DSCR: 0.55
• GRM: 18.5

CMA / ARV

• ARV (median comp): $411,277
• List price: $334,000
• Delta: -18.79%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
93671 E Blue Bird Ln	0.61mi	3/2.0 (+1)	1,470 (+15%)	15mo	$343,000	$233	25

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.1%
• Equity multiple: 2.40×
• Total profit: $131,389
• Equity at exit: $300,894

10-year hold

• IRR: 16.2%
• Equity multiple: 5.56×
• Total profit: $426,143
• Equity at exit: $648,889

Cash invested: $93,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

SB608 (2019): statewide rent cap (7% + CPI) and just-cause for tenancies > 1 yr. Portland has relocation assistance ordinance.

Methodology + full state rankings →

ZIP-level market 97459

• Home prices YoY: 1.6%
• Active inventory: 170
• Price-to-rent: 18.5×

Monthly cashflow live

• Estimated rent: $1,503 medium
• Mortgage (P&I): −$1,752
• Tax from tax record: −$87 /mo · $1,046/yr
• Insurance: −$139
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $-790

Break-even live

Break-even rent $2,504

Max offer price $194,385

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $83,500
• Closing costs: $10,020
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-19
   days on market $334,000 Active 65 DOM
2. 2026-06-18
   days on market $334,000 Active 64 DOM
3. 2026-06-17
   days on market $334,000 Active 63 DOM
4. 2026-06-16
   days on market $334,000 Active 62 DOM
5. 2026-06-15
   days on market $334,000 Active 61 DOM
6. 2026-06-14
   days on market $334,000 Active 59 DOM
7. 2026-06-12
   days on market $334,000 Active 58 DOM
8. 2026-06-09
   days on market $334,000 Active 55 DOM
9. 2026-06-08
   days on market $334,000 Active 54 DOM
10. 2026-06-07
    days on market $334,000 Active 53 DOM
11. 2026-06-05
    days on market $334,000 Active 50 DOM
12. 2026-06-03
    days on market $334,000 Active 49 DOM
13. 2026-06-02
    days on market $334,000 Active 48 DOM
14. 2026-06-01
    days on market $334,000 Active 47 DOM
15. 2026-05-31
    days on market $334,000 Active 46 DOM
16. 2026-05-30
    days on market $334,000 Active 45 DOM
17. 2026-05-01
    price $350,000 841-char remark

    Show marketing remark (841 chars)

    .29 acres of pure bliss!! This adorable bay front home gives you a little country feel with the convenience of being only minutes from town. You will be able to enjoy many outdoor activities with sand dunes, ocean beaches, boat launch into the bay being less than 5 miles away. Sitting outside taking in the beautiful bay view is an option rain or shine with the covered deck on the house or the elevated deck off of the shed/office/art studio! (your imagination is the only limit) Do you have lots of toys or just lots of stuff?Storage won’t be an issue with the single car garage, double car garage and additional storage buildings. If you have wanted farm fresh eggs in the morning all you'll need are the chickens, you will already have a fully functional and finished coop! Do not miss out on this one! Schedule a showing today!!

18. 2026-04-15
    listed $375,000 Active 841-char remark

    Show marketing remark (841 chars)

    .29 acres of pure bliss!! This adorable bay front home gives you a little country feel with the convenience of being only minutes from town. You will be able to enjoy many outdoor activities with sand dunes, ocean beaches, boat launch into the bay being less than 5 miles away. Sitting outside taking in the beautiful bay view is an option rain or shine with the covered deck on the house or the elevated deck off of the shed/office/art studio! (your imagination is the only limit) Do you have lots of toys or just lots of stuff?Storage won’t be an issue with the single car garage, double car garage and additional storage buildings. If you have wanted farm fresh eggs in the morning all you'll need are the chickens, you will already have a fully functional and finished coop! Do not miss out on this one! Schedule a showing today!!

19. 2022-04-05
    soldstatus $335,000 Sold 504-char remark

    Show marketing remark (504 chars)

    Less than 5 Minutes to Sand Dunes, Ocean Beaches, Boat Launch into the Bay, Trails, and More! Just minutes from town, with a bit of Country! 1,280 sqft 2 Bed/1 Bath Cottage on .29 Acre just outside of North Bend. Detached double Garage/Shop and another small Garage, Small shed adjoining an Expansive deck overlooking the Bay, wrap around deck in front as well & a Great Chicken Coop! Vinyl Windows, Newer Appliances, Granite Counters, many recent updates, New Septic in 2019, Roof about 7 years old.

20. 2022-03-20
    status Pending 504-char remark

    Show marketing remark (504 chars)

    Less than 5 Minutes to Sand Dunes, Ocean Beaches, Boat Launch into the Bay, Trails, and More! Just minutes from town, with a bit of Country! 1,280 sqft 2 Bed/1 Bath Cottage on .29 Acre just outside of North Bend. Detached double Garage/Shop and another small Garage, Small shed adjoining an Expansive deck overlooking the Bay, wrap around deck in front as well & a Great Chicken Coop! Vinyl Windows, Newer Appliances, Granite Counters, many recent updates, New Septic in 2019, Roof about 7 years old.

21. 2022-03-16
    listed $334,995 Active 504-char remark

    Show marketing remark (504 chars)

    Less than 5 Minutes to Sand Dunes, Ocean Beaches, Boat Launch into the Bay, Trails, and More! Just minutes from town, with a bit of Country! 1,280 sqft 2 Bed/1 Bath Cottage on .29 Acre just outside of North Bend. Detached double Garage/Shop and another small Garage, Small shed adjoining an Expansive deck overlooking the Bay, wrap around deck in front as well & a Great Chicken Coop! Vinyl Windows, Newer Appliances, Granite Counters, many recent updates, New Septic in 2019, Roof about 7 years old.

22. 2019-10-25
    soldstatus $230,000 Sold
23. 2019-10-25
    soldstatus $230,000
24. 2019-08-27
    status Pending
25. 2019-08-21
    price $234,900
26. 2019-08-05
    status Active
27. 2019-08-03
    historical
28. 2019-07-24
    listed $245,000 Active
29. 2007-06-15
    soldstatus $65,000
30. 1988-04-01
    soldstatus $16,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OR · Resets to sale price

• Current annual tax: $1,046 · $87/mo
• Projected year-2 tax: $3,240 · $270/mo
• Expected delta: +$2,194/yr (+$183/mo · 209.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥78°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,038
• − Mortgage interest: −$18,709
• − Property taxes: −$1,046
• − Insurance: −$1,670
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$9,716
• Taxable loss: −$15,989
• Est. tax savings @ 24.0%: +$3,837
• After-tax cash flow: $-5,647/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: North Bend SD 13
• NCES district ID: 4108820
• Math proficiency: 30% ▼ -3.00%
• Reading proficiency: 47% ▼ -6.00%
• Median HH income: $43,614
• Composite: 32.57/100
• National rank: #5681
• State rank: #21 of 58 in OR

Livability — Glasgow

• Score: 59/100
• State rank: #301
• US rank: #20342

Category grades

Amenities F Commute F Cost of living D Crime B- Employment A+ Housing A Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glasgow, OR
• Population (ZIP): 15,328

Population outlook (Coos County) Hauer SSP2

• Today (2025): 62,222 people
• By 2030: 61,120 · -1.8%
• By 2040: 58,478 · -6.0%
• By 2050: 56,819 · -8.7%
• By 2075: 54,915 · -11.7%
• By 2100: 51,403 · -17.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 10% Hispanic / Latino 7% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 7% Portuguese 4% Lithuanian 3%
• Foreign-born: 5% · Canada, China, Philippines
• Languages at home: 94% English-only · Spanish 2% Chinese 1% Other Asian/Pacific 1%

Political lean MEDSL · Coos

• 2024 margin: R (+19.9) · D 38.7% · R 58.5% · Other 2.8%
• 2008→2024 swing: -16.8pp toward R · 2008: -3.1pp · 2024: -19.9pp
• All cycles: 2024: R+19.9 2020: R+20.5 2016: R+24.3 2012: R+6.3 2008: R+3.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.02%
• Current HPI: 887.7
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 2

Industry mix (Fortune 500 HQ in OR)

Industry	F500 HQs	Revenue
▸Consumer Goods	1	$51B

Price history

+2021.2% since first listed

14 events — show timeline

• 2026-05-01 Price Changed $350,000 RMLS
• 2026-04-15 Listed $375,000 RMLS
• 2022-04-05 Sold (MLS) $335,000 RMLS
• 2022-03-20 Pending — RMLS
• 2022-03-16 Listed $334,995 RMLS
• 2019-10-25 Sold (Public Records) $230,000 Public Records
• 2019-10-25 Sold (MLS) $230,000 RMLS
• 2019-08-27 Pending — RMLS
• 2019-08-21 Price Changed $234,900 RMLS
• 2019-08-05 Relisted — RMLS
• 2019-08-03 Delisted — RMLS
• 2019-07-24 Listed $245,000 RMLS
• 2007-06-15 Sold (Public Records) $65,000 Public Records
• 1988-04-01 Sold (Public Records) $16,500 Public Records

Property tax history

+3.4%/yr

Latest (2025): $1,046 · +1.9% YoY. Source: county tax records.