5315 NE PARK LN Otis, OR $ 350,000
5315 NE PARK LN
$ 350,000
New Construction
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5315 NE PARK LN

Otis, OR, 97368
$ 350,000
Bedrooms4 Baths2.0 Sq 1,920

Monthly Estimate*

$ 2,210

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Single Family Home for sale in Otis, OR

for $350,000 with 4 bedrooms and 2 full baths. This 1,920 square foot home was built in 1958 on a lot size of 4.41.

Remodel-ready opportunity on approximately 4 acres! This 1-level property offers 1,920 sq. ft. with 3 bedrooms and 2 baths, providing an excellent canvas for your vision. The home has already been demoed and is ready for renovation. Previously configured as a 4-bedroom, 2-bath home, offering potential to rework the existing layout to suit your needs. Recent septic work has been completed and is in great shape, and gas is already connected to the house. The expansive lot offers plenty of room for future possibilities, including a perfect spot for a massive shop just to the left of the existing garage driveway. Whether you choose to remodel and make this property your own or explore a tear-down and new construction, the possibilities are substantial. Seller estimates an after-remodel value of approximately $600,000. Property may also be eligible to enter a lottery for a short-term rental opportunity, with potential terms ranging from 3 months to 3 years, subject to lottery selection and applicable requirements. Bring your vision and unlock the potential of this unique 4-acre property!

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Single Family Pending

Price

$ 350,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 3,530

Style

Traditional

Lot Size

4.41

Year Built

1958

Town/City

Otis

County/Region

Lincoln

MLS | Web ID

562760201

Features
General
Sewer SepticTank
Heating Baseboard
Roof Composition
Zoning R-1
Garage Spaces 2.0
Architectural Style Traditional
Year Built 1958
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R351566
County Lincoln
Property Type Residential
HOA N
Full Baths 2
Status Pending
Directions Hwy 101 to East Devils lake Rd to Park Lane to 2nd home on Left across from KOA camp ground
High School Taft
City Otis
Disclosures Disclosure
MLS Area _200
Lot Size Square Feet 192099.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Oceanlake
Tax Annual Amount 3530.46
Middle/Junior High School Taft
Property Condition Approximately
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description PROPERTY ID R351566 TWNSHP 07 RNG 11 ACRES 4.41 POTENTIAL ADDI
ADU False
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Exterior
Exterior Amenities Workshop Yard
Parking Features Driveway OffStreet
Lot Features Level Trees
Water Source PublicWater
Total Parking 2.0
Garage Type Attached
Exterior Description Cedar T111Siding
Foundation Details ConcretePerimeter
Building Area Total 1920.0
Lot Size Acres 4.41
Road Surface Type Paved
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Interior
Total Fireplaces 1
Fireplace Features WoodBurning
Hot Water Electricity Gas
Total Bathrooms 2.0
Total Bedrooms 4
Total Baths 2
1/2 Baths 0
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Internal Only
Street Number 1 5315
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* Excluded Features
List By
Matin Real Estate

Broker

lc@matinrealestate.com

Email

Affordability Calculator

$2,504
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,210
Monthly Property Taxes
$294
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1948957 Elementary School
1948964 Middle School
Taft High School High School
Pricing History
DatePricePrice ChangeDescription
8/27/2026$350,000 Listed Price

Map


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5315 NE PARK LN, Otis, OR, 97368 is a Single Family Home for sale at $350,000 with 1,920 sqft and a lot size of 4.41. 5315 NE PARK LN has 4 bedrooms, 2.0 baths, and was built in 1958. The property's zip code is 97368 which is in Otis, OR