$512,724 EMV

3 Beds   2 Baths   1,887 Sq. Ft.   Single-Family
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N Jade Way
Otis, OR 97368

Overview

This Single-Family Foreclosure is located at N Jade Way, Otis, OR 97368. It has 3 Beds 2 Baths , 1,887 sqft of living space. This property is currently bank owned with an estimated market value of $512,724.
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Status: Active
Listing ID: 63776509
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Learn about N Jade Way in Otis, OR

This single-family property is available as a foreclosure at N Jade Way. This property features 3 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,887 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Otis, specifically for N Jade Way and comparable listings. Based on this expert analysis, the estimated market value is $512,724. If purchased for rental purposes, the monthly rental rate could range between $1,080 and $1,620, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on N Jade Way are updated daily along with others in Otis, Oregon, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for N Jade Way below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


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Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

N Jade Way in Otis Oregon Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on N Jade Way
View Foreclosure Status
06/20/25
Bank owned
Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
05/12/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Otis, OR like?

Otis, located in Lincoln County, is a charming small community surrounded by lush forests and offering a peaceful lifestyle. The area is known for its proximity to the Siletz River and several beautiful coastal beaches, making it a prime location for both outdoor enthusiasts and those seeking tranquility away from the hustle of city life.

In Otis, residents enjoy a variety of recreational activities, including hiking, fishing, and bird-watching, thanks to the beautiful scenic landscapes and the nearby Siuslaw National Forest. The local culture is enriched by community events that showcase the arts, crafts, and the rich history of the region.

Education is a key priority in Otis, with well-regarded schools serving the area. The community fosters an environment of safety and collaboration, making it an attractive place for families and retirees alike. Furthermore, the friendly local businesses contribute to a thriving economy and a supportive atmosphere.

Nearby Schools

There are 3 schools in the area. Nearby schools include Otis Elementary School and Taft High School.

Otis Elementary School
Taft High School
Cascade Head Scenic Research Area

Nearby Attractions

There are plenty of activities near this property like Otis Community Center, Lincoln City Cultural Center, and more.

Otis Community Center
Lincoln City Cultural Center
Lincoln County Community Health Center

What kind of public transportation is there?


Public transportation options include: No regular public transit service; reliance on personal vehicles is common., Lincoln County Transit provides limited services to nearby communities.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Devil's Lake State Recreation Area, Siuslaw National Forest and more.

Devil's Lake State Recreation Area
Siuslaw National Forest
Siletz Bay National Wildlife Refuge

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Comcast Xfinity
CenturyLink
Wave Broadband
Rental Chart
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for N Jade Way in Otis Oregon
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Property Information

Public Records

Community & Neighborhood

This property in Otis, OR is located in the Jade Park Subdivision.


Foreclosure

The property located at N Jade Way in Otis, OR is listed as a Foreclosure

Properties like N Jade Way in Otis, Oregon listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Otis, OR. The longer lenders own properties like this on N Jade Way, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Legal Information

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County Information

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Rental Value

The estimated rental value for N Jade Way located in Otis, OR is $1,398/month. Comparable homes around N Jade Way that are rentals have monthly ranges starting as low as $1,080 per month and as high as $1,620 per month. An owner looking to use this property as an investment could bring a return in the area of $1,080 - $1,620 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
06/20/25   Foreclosure
05/12/25 06/10/25 Preforeclosure
03/12/25 06/10/25 Preforeclosure
01/23/25 06/10/25 Preforeclosure

Similar Homes Nearby Otis, OR


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N Jade Way
Otis, OR 97368

3 Beds   2 Baths   1,887 sq. ft.   Single-Family

$512,724 EMV

Status: Active Listing ID: 63776509

Property Information

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Public Records

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Property Description

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Listing URL

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