Date
Details
Price
Change
Source
8/27/2026
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$350,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 5315 NE Park Ln
General
- Price: $350,000
- Taxes: $3,530 (2025)
- Status: Active
- Type: Single Family
- Source: RWMLS
- MLS ID: 562760201
- Updated: 8/27/2026
- Added to Site: 3 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 4
- Primary Bedroom: Main
- Bedroom 2: Main
- Bedroom 3: Main
Other Rooms
- Living Room: Main
- Kitchen: Main
- Dining Room: Main
Exterior
- Exterior Features: Workshop, Yard
Parking
- Garage: Yes
- Attached garage: Yes
- Total Spaces: 2
- Parking Features: Driveway, Off Street
Location
- County: Lincoln
- Driving Directions: Hwy 101 to East Devils lake Rd to Park Lane to 2nd home on Left across from KOA camp ground
School Information
- Elementary School: Oceanlake
- Middle School: Taft
- High School: Taft
Community
- Community Name: 200 - Lincoln County
Heating & Cooling
- Heating Type: Baseboard
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Septic Tank
- Water: Public Water
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,920
- Year Built: 1958
- Property Condition: Approximately
Lot Features
- Lot Size (Acres): 4.41
- Lot Size (Sq. Ft.): 192,099
- Lot Size: 3 to 4.99 Acres
- Frontage: Paved
- Lot Features: Level, Trees
Financial Considerations
- Tax Amount: $3,530.46
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: PROPERTY ID R351566 TWNSHP 07, RNG 11, ACRES 4.41, POTENTIAL ADDI
- Disclosures/Reports: Disclosure
- Property ID: R351566
Listed by Matin Real Estate (503) 447-3599, Jordan Matin (503) 447-3599 and Matin Real Estate (503) 447-3599, Paris Vollstedt (503) 447-3599
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Listing agents
— 5315 NE Park Ln —
Jordan Matin
Matin Real Estate
503-447-3599
Paris Vollstedt
Matin Real Estate
503-447-3599
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 5315 NE Park Ln
School District:Lincoln County School District
| Name | Grades | Distance |
|---|---|---|
Oceanlake Elementary School 2420 Northeast 22nd Street, Lincoln City, OR 97367 | K-2 | 1.5 mi |
Taft Elementary School 4040 Southeast High School Drive, Lincoln City, OR 97367 | 3-6 | 4.4 mi |
Taft High School 3780 Southeast Spy Glass Ridge Drive, Lincoln City, OR 97367 | 7-12 | 4.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5315 NE Park Ln
Tax History
Tax History for 5315 NE Park Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,530
2%
$275,260
3%
2024
$3,452
3%
$267,250
3%
2023
$3,344
9%
$259,470
6%
2021
$3,074
-5%
$244,590
-3%
2022
$3,248
6%
$251,920
6%
2021
$3,074
6%
$237,470
3%
2019
$2,906
35%
$230,560
33%
2018
$2,160
-23%
$173,420
-23%
2017
$2,794
8%
$223,800
3%
2016
$2,590
2%
$217,230
3%
2015
$2,542
3%
$210,960
3%
2014
$2,476
3%
$204,820
3%
2013
$2,396
—
$198,860
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5315 NE Park Ln
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 2,497Sq. Ft.
Listed By: DAVID D.. DAVIS | Exp Realty, Llc
- Single Family
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- Updated 1 day ago
- 2Beds
- 1Total Bath
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- Updated 3 days ago
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- Updated 9 hours ago
- 2Beds
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Listed by Coldwell Banker Professional, Hannah Katz
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,872Sq. Ft.
Listed By: DAVID D.. DAVIS | Exp Realty, Llc
- Condo
- Active
- Updated 8 hours ago
- 1Bed
- 1Total Bath
- 606Sq. Ft.
Listed by eXp Realty, LLC, Greg Anderson
- Single Family
- Active
- Updated 14 hours ago
- 3Beds
- 1Total Bath
- 1,092Sq. Ft.
Listed by Premiere Property Group, LLC, Sara Bell
- Multi-Family
- Active
- Updated 3 days ago
- 0.09Acres
Listed by Taylor & Taylor Realty Co., Amy Graham
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- Single Family
- Closed
- 2Beds
- 1Total Bath
- 1,200Sq. Ft.
Listed By: COLLEEN. BENSON | Keller Williams Capital City Benson Broker Group and KATHY. METZLER | Keller Williams Capital City Benson Broker Group
Sold by NOM. NON-MEMBER SALE | Non-Member Sale
Sold by NOM. NON-MEMBER SALE | Non-Member Sale
- Single Family
- Sold
- 2Beds
- 1Total Bath
- 1,200Sq. Ft.
Listed by Keller Williams Capital City, Colleen Benson
Sold by eXp Realty, LLC, Stella Schaefer
Sold by eXp Realty, LLC, Stella Schaefer
- Single Family
- Sold
- 1Bed
- 1Total Bath
- 1,116Sq. Ft.
Listed by Taylor & Taylor Realty Co., Dennis Regen and Taylor & Taylor Realty Co., Korey Hazard
Sold by Non Rmls Broker, OR and WA Non Rmls
Sold by Non Rmls Broker, OR and WA Non Rmls
- Single Family
- Sold
- 3Beds
- 2Total Baths
- 1,339Sq. Ft.
Listed by PNW Realty Associates LLC, Louis Tauber and PNW Realty Associates LLC, Jae Tauber
Sold by Emerald Coast Realty-Seal Rock, Darci Porter
Sold by Emerald Coast Realty-Seal Rock, Darci Porter
5315 NE Park Ln, Otis, OR 97368 (MLS# 562760201) is a Single Family property with 4 bedrooms and 2 full bathrooms. 5315 NE Park Ln is currently listed for $350,000 and was received on August 27, 2026. Want to learn more about 5315 NE Park Ln? Do you have questions about finding other Single Family real estate for sale in Otis? You can browse all Otis real estate or contact a Coldwell Banker agent to request more information.