NOT LISTED FOR SALE

1544 E 1st St Newberg, OR 97132

2 Beds
2 Baths
5,052 Sq Ft
0.34 Acres

Last Sold October 09, 2020

Last sale price $933,340 $185 Per Sq Ft

151 Days on Market

Highlights

  • Zoned Heating
  • Lap Siding
  • 1-Story Property
  • Level Lot

About This Home

As of October 2020

This property is turnkey, well maintained with excellent rents and excellent rental history. Newer roofs with in last 5 years. Centrally located for commuters and GFU students. Property is located in Oregon Opportunity Zone.

Last Agent to Sell the Property

Beth Keyser

Premiere Property Group, LLC License #200205088 Listed on: 10/10/2019

Premiere Property Group, LLC

Co-Listed By

Andrew Keyser

Premiere Property Group, LLC License #201220518

Last Buyer's Agent

Justine Syck

Move Real Estate Inc License #201223863

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,466

Year Built

  • Built in 1964

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 5,052 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • Paved Parking
  • Open Parking

Schools

  • Edwards Elementary School
  • Mountain View Middle School
  • Newberg High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, water
  • Assessor Parcel Number 57173

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $21,293
  • Gross Income $72,348
  • Net Operating Income $51,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,466

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1964
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 933340.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Edwards
  • High School: Newberg
  • Middle Or Junior School: Mountain View

Lot Info

  • Zoning: 0
  • Parcel #: 57173

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 5466.3

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 13.13
  • Annual Gross Income: 72348.0
  • Property Net Operating Income: 51055.0
  • Annual Operating Expense: 21293.0
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Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $933,340 -1.8% $185 / Sq Ft
03/18/2020 03/18/20 For Sale $950,000 0.0% $188 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
03/05/2020 03/05/20 Pending -- -- --
10/10/2019 10/10/19 For Sale $950,000 -- $188 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,997 $433,638 -- --
2024 $6,730 $421,008 -- --
2023 $6,499 $408,746 $0 $0
2022 $6,325 $396,841 $0 $0
2021 $6,153 $385,283 $0 $0
2020 $5,541 $374,061 $0 $0
2019 $5,466 $363,166 $0 $0
2018 $5,496 $352,588 $0 $0
2017 $5,842 $342,318 $0 $0
2016 $5,723 $332,348 $0 $0
2015 $5,620 $322,669 $0 $0
2014 $5,243 $313,272 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Keyser

    Seller's Agent in 2020

    Beth Keyser

    Premiere Property Group, LLC

    (503) 730-2599

    18 Total Sales

    Beth Keyser
    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Andrew Keyser

    Premiere Property Group, LLC

    Section Image
  • Justine Syck

    Buyer's Agent in 2020

    Justine Syck

    Move Real Estate Inc

    (503) 805-2098

    123 Total Sales

    Justine Syck
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19429165

Regional Multiple Listing Service (RMLS)

APN: R3220BA 02100

Oregon Yamhill County Newberg 97132

1544 E 1st St, Newberg, OR

Not Listed for Sale

MultiFamily

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