261 Railroad Ave
Gearhart, OR 97138
3 bd 1 ba 1,179 sqft Built 1940 Lot 43,560 sqft single_family
Most recent sale
$395,000
Jan 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 21, 2025 | Sold | $452,500 | Clatsop |
| Jun 13, 2025 | Listed | $460,000 | RMLS |
| Jan 19, 2025 | Listed | $99,000 | RMLS |
| Oct 25, 2024 | Listed | $99,000 | Clatsop |
| Aug 24, 2024 | Price changed | $469,000 | RMLS |
| Aug 17, 2024 | Relisted | $489,000 | Clatsop |
| May 18, 2024 | Listed | $489,000 | RMLS |
| Jan 28, 2022 | Sold | $395,000 | MLS #21544415 |
| Dec 7, 2021 | Listed | $429,000 | MLS #21544415 |
| Dec 6, 2021 | Listed | $429,000 | MLS #21-1279 |
| Jun 4, 2021 | Sold | $280,000 | MLS #21013302 |
| Mar 7, 2021 | Listed | $295,000 | MLS #21-163 |
| Jun 12, 2020 | Listed for rent | $1,400 | AppfolioUnits |
| Jan 28, 2017 | Listing removed | $1,400 | AppfolioUnits |
| Aug 23, 2016 | Listed for rent | $1,400 | AppfolioUnits |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $165,112 | $1,973 |
| 2020 | — | — | $160,304 | $1,817 |
| 2019 | — | — | $155,636 | $1,753 |
| 2018 | — | — | $151,104 | $1,683 |
| 2017 | — | — | $146,704 | $1,665 |
| 2016 | — | — | $142,432 | $1,395 |
| 2015 | $59,960 | $78,325 | $138,285 | $1,344 |
| 2014 | — | — | $134,904 | $1,281 |
| 2013 | — | — | $131,522 | $1,364 |
| 2012 | — | — | $127,692 | $1,475 |
| 2011 | — | — | $123,974 | $1,489 |
| 2010 | — | — | $120,364 | $1,362 |
| 2008 | — | — | $113,457 | $1,255 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,179 sqft
Lot size
43,560 sqft
ZIP code
97138
City
Gearhart
Street
Railroad Ave
Coordinates
46.02218, -123.90861
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,358
Gross rental yield
7.16%
Implied cap rate
4.66%
Trend-extrapolated value
—
Frequently asked questions
When did 261 Railroad Ave last sell?
261 Railroad Ave most recently sold on Jan 28, 2022 for $395,000.
What is the current tax assessment for 261 Railroad Ave?
The most recent total assessment for 261 Railroad Ave (year 2021) is $165,112 with $1,973 in property tax.
How does 261 Railroad Ave's assessment compare to its last sale price?
The current assessment is 58.2% below the last sale price of $395,000.
When was 261 Railroad Ave built?
261 Railroad Ave was built in 1940.
How does 261 Railroad Ave compare to others on Railroad Ave?
We track 6 other properties on Railroad Ave. Browse the list under "Other properties on Railroad Ave" to compare beds, baths, and sale history.
What are the property facts for 261 Railroad Ave?
261 Railroad Ave is a 3 bed, 1 bath, 1,179 sqft, 43,560 sqft lot single_family.
Is 261 Railroad Ave a flip candidate?
Yes — 261 Railroad Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 261 Railroad Ave a tax-appeal candidate?
No — 261 Railroad Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.6%
Implied 1-yr
-10.3%
2026 Q3
$507K
2026 Q4
$491.2K
ZIP 97138 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Railroad Ave