37307 Linda Ln · Seaside, OR 97138

$260,000

2 bd · 2.0 ba · 1,730 sqft · Other public records · 121 Days on market

Built 1991 2.02 ac lot

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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).

• Cash flow +10.4/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• DSCR +3.0/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

Key facts

• Pure well water
• Old growth timber
• Private wooded lot

Tags

• CREEK FRONT OPPORTUNITY
• PRIVATE WOODED LOT
• OLD GROWTH TIMBER
• FRONTAGE ON BERGSVIK CREEK
• PURE WELL WATER
• SPACIOUS OPEN FLOOR PLAN

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $260k.

Deal economics

• At list price, monthly cash flow is $-196 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (13.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (23.5% below list).
• Recommended offer: $199k (23.5% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 2.5% in Seaside — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#60 in OR, #2,085 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime D+, cost of living D+.
• Seaside SD 10 (town): math 11% / reading 41% proficiency, ranked #53 of 58 in OR (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Pacific Ridge Elementary School (math 12% / reading 42%, grade F, #301 of 412 statewide, top 74%, 597 students, 46% FRL); Seaside Middle School (math 8% / reading 37%, grade F, #118 of 128 statewide, top 92%, 392 students, 0% FRL); Seaside High School (math 24% / reading 54%, grade F, #78 of 143 statewide, top 58%, 453 students, 56% FRL) — zoned schools average 34% FRL vs 51% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 231 active listings in the ZIP; 98 units permitted in Clatsop County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $28k of equity ($2k loan paydown + $26k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($229k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y ago; this cycle's ask has dropped $40k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $167k; list at $260k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,988 (23.5% 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 121 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 D-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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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?
9. 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.
10. 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.
11. 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: 0.77% ✗
• Cap rate: 5.65%
• Cash-on-cash: -2.31%
• DSCR: 0.90
• GRM: 10.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 22.0%
• Equity multiple: 2.77×
• Total profit: $129,161
• Equity at exit: $234,229

10-year hold

• IRR: 19.8%
• Equity multiple: 6.36×
• Total profit: $390,176
• Equity at exit: $505,123

Cash invested: $72,800 (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 97138

• Home prices YoY: 2.6%
• Active inventory: 231
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,990 medium
• Mortgage (P&I): −$1,363
• Tax from tax record: −$240 /mo · $2,882/yr
• Insurance: −$108
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $-196

Break-even live

Break-even rent $2,237

Max offer price $225,458

Occupancy floor —

Sensitivity live

Price	-10% $-48	-5% $-122	+0% $-196	+5% $-269	+10% $-343
Rent	-10% $-353	-5% $-274	+0% $-196	+5% $-117	+10% $-38
Rate	-1.0pp $-65	-0.5pp $-129	base $-196	+0.5pp $-263	+1.0pp $-331

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-02
   status Pending

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

2. 2026-05-02
   status Pending 684-char remark

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

3. 2026-04-15
   price $260,000

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

4. 2026-04-15
   price $260,000 684-char remark

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

5. 2026-03-18
   price $280,000 684-char remark

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

6. 2026-03-18
   price $280,000

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

7. 2026-01-01
   listed $300,000 Active

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

8. 2026-01-01
   listed $300,000 Active 684-char remark

   Show marketing remark (684 chars)

   Escape to your own private coastal oasis on this stunning 2+ acre creek-front parcel just minutes from Seaside and Cannon Beach! Nestled along the serene Bergsvik Creek, this wooded gem features mature old-growth timber for ultimate privacy, the soothing sounds of crystal-clear running water, and pure well water that's as refreshing as it is abundant. Perfect for building your dream home, cabin retreat, or off-grid haven, this rare acreage offers a peaceful blend of nature and accessibility — only 14 miles from Seaside and Cannon beaches and about an hour from Portland. Bring your vision and create something extraordinary on this timeless slice of Oregon coast paradise.

9. 2015-11-20
   soldstatus $167,000 369-char remark

   Show marketing remark (369 chars)

   Beautiful creek front acreage. 10 miles from Seaside and 45 minute commute to Portland. Home has been remodeled from floor to ceiling. Hickory hardwood throughout home. Large open floor plan, with vaulted ceilings. All appliances included. Large master bath with plenty of storage. Large old growth marketable timber covers this property. Vacant and easy to show.

10. 2015-11-20
    soldstatus $167,000

    Show marketing remark (369 chars)

    Beautiful creek front acreage. 10 miles from Seaside and 45 minute commute to Portland. Home has been remodeled from floor to ceiling. Hickory hardwood throughout home. Large open floor plan, with vaulted ceilings. All appliances included. Large master bath with plenty of storage. Large old growth marketable timber covers this property. Vacant and easy to show.

11. 2015-07-16
    listed $174,900 369-char remark

    Show marketing remark (369 chars)

    Beautiful creek front acreage. 10 miles from Seaside and 45 minute commute to Portland. Home has been remodeled from floor to ceiling. Hickory hardwood throughout home. Large open floor plan, with vaulted ceilings. All appliances included. Large master bath with plenty of storage. Large old growth marketable timber covers this property. Vacant and easy to show.

12. 2015-05-29
    soldstatus $70,000
13. 2015-05-29
    soldstatus $70,000
14. 2015-04-09
    listed $74,500
15. 2015-04-08
    listed $74,500

ⓘ 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: $2,882 · $240/mo
• Projected year-2 tax: $2,882 · $240/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥84°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,879
• − Mortgage interest: −$14,564
• − Property taxes: −$2,882
• − Insurance: −$1,966
• − Repairs & maintenance: −$1,910
• − Management: −$1,910
• − Depreciation: −$7,564
• Taxable loss: −$6,919
• Est. tax savings @ 24.0%: +$1,660
• After-tax cash flow: $-686/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: Seaside SD 10
• NCES district ID: 4111100
• Math proficiency: 11% ▼ -18.00%
• Reading proficiency: 41% ▼ -4.00%
• Median HH income: $43,956
• Composite: 22.19/100
• National rank: #8159
• State rank: #53 of 58 in OR

Livability — Seaside

• Score: 79/100
• State rank: #60
• US rank: #2085

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clatsop County · 29,028 people
• Metro: Astoria, OR
• Population (ZIP): 11,035
• Household income: $60,411
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 573.0

Population outlook (Clatsop County) Hauer SSP2

• Today (2025): 39,212 people
• By 2030: 39,765 · +1.4%
• By 2040: 40,121 · +2.3%
• By 2050: 40,032 · +2.1%
• By 2075: 39,123 · -0.2%
• By 2100: 35,965 · -8.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 7% Two or more races 5% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Lithuanian 5% Portuguese 3% Scottish 3%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Clatsop

• 2024 margin: D (+11.4) · D 54.1% · R 42.8% · Other 3.1%
• 2008→2024 swing: -7.6pp toward R · 2008: 18.9pp · 2024: 11.4pp
• All cycles: 2024: D+11.4 2020: D+11.3 2016: D+6.1 2012: D+14.6 2008: D+18.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 26.11%
• Current HPI: 1014.65
• Rent YoY: —
• Metro: Astoria, OR
• 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

+249.0% since first listed

15 events — show timeline

• 2026-05-02 Pending — RMLS
• 2026-05-02 Pending — RMLS
• 2026-04-15 Price Changed $260,000 RMLS
• 2026-04-15 Price Changed $260,000 RMLS
• 2026-03-18 Price Changed $280,000 RMLS
• 2026-03-18 Price Changed $280,000 RMLS
• 2026-01-01 Listed $300,000 RMLS
• 2026-01-01 Listed $300,000 RMLS
• 2015-11-20 Sold (Public Records) $167,000 Public Records
• 2015-11-20 Sold (MLS) $167,000 RMLS
• 2015-07-16 Listed $174,900 RMLS
• 2015-05-29 Sold (MLS) $70,000 CAR
• 2015-05-29 Sold (MLS) $70,000 RMLS
• 2015-04-09 Listed $74,500 CAR
• 2015-04-08 Listed $74,500 RMLS

Property tax history

+4.0%/yr

Latest (2025): $2,882 · +0.4% YoY. Source: county tax records.