NOT LISTED FOR SALE

2501 E 3rd Units A B St Newberg, OR 97132

Estimated Value: $618,000 - $650,000

6 Beds
4 Baths
-- Sq Ft
9,147 Sq Ft Lot

Last Sold September 20, 2024

Last sale price $605,000

Est. 5% increase in value since last sale

Current estimated payment $3,778/month

6 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Level Lot
  • 2 Car Attached Garage

About This Home

As of September 2024

Discover the perfect investment opportunity or starter home! This well-maintained duplex is situated in a peaceful neighborhood and features two units, each offering 3 spacious bedrooms and 2 1/2 bathrooms. Designed for comfortable living, each unit provides ample space for families or tenants, making it an excellent choice for both owner-occupants and investors. Newberg is a great place to invest in a duplex. The town is home to George Fox University, bringing in many students and faculty looking for rentals. The area's growing population and stable economy mean there’s always a demand for housing. Plus, the natural beauty and wine country location make it an attractive place to live. Investing in a duplex here could be a smart move for steady rental income. Schedule your viewing today!

Last Agent to Sell the Property

Felicity Cortese

Keller Williams Realty Portland Premiere License #201231505 Listed on: 08/24/2024

Keller Williams Realty Portland Premiere

Last Buyer's Agent

Sandy Mitchell

The Kelly Group Real Estate License #200506375

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,681

Year Built

  • Built in 1997

Lot Details

  • 9,147 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Schools

  • Joan Austin Elementary School
  • Mountain View Middle School
  • Newberg High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 507121

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $15,137
  • Gross Income $47,180
  • Net Operating Income $32,043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,681

Year Built

Built in 1997

Lot Details

9,147 Sq Ft Lot

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1997
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 605000.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Driveway
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Joan Austin
  • High School: Newberg
  • Middle Or Junior School: Mountain View

Lot Info

  • Zoning: SFR
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9147.0
  • Parcel #: 507121

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5681.43
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.14
  • Annual Gross Income: 47180.0
  • Property Net Operating Income: 32043.0
  • Annual Operating Expense: 15137.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2024
Closed on
Sep 18, 2024
Sold by
Stanford Steven C and Stanford Elizabeth A
Bought by
Le Roux Marc Desmond and Le Roux Rebecca
Seller's Agent
Felicity Cortese
Keller Williams Realty Portland Premiere
Buyer's Agent
Sandy Mitchell
The Kelly Group Real Estate
List Price
$620,000
Sold Price
$605,000
Premium/Discount to List
-$15,000
-2.42%
Views
6
Current Estimated Value
$634,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,391
Avg. Annual Appreciation
3.42%

Purchase Details

Listed on
Aug 24, 2024
Closed on
Sep 10, 2024
Sold by
Stanford Steven C
Bought by
Stanford Steven C and Stanford Elizabeth A
Seller's Agent
Felicity Cortese
Keller Williams Realty Portland Premiere
Buyer's Agent
Sandy Mitchell
The Kelly Group Real Estate
List Price
$620,000
Sold Price
$605,000
Premium/Discount to List
-$15,000
-2.42%
Views
6

Purchase Details

Closed on
Apr 23, 2015
Sold by
Kennedy Suzanne F
Bought by
Stanford Steven C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,130
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2005
Sold by
Kennedy Suzanne F
Bought by
Kennedy Suzanne F and Suzanne F Kennedy Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Le Roux Marc Desmond $605,000 Lawyers Title
Stanford Steven C -- None Listed On Document
Stanford Steven C -- None Listed On Document
Stanford Steven C $255,900 First American
Kennedy Suzanne F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stanford Steven C $179,130
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $605,000 -2.4% --
08/30/2024 08/30/24 Pending -- -- --
08/24/2024 08/24/24 For Sale $620,000 -- --
Source: Regional Multiple Listing Service (RMLS)

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 $6,117 $379,088 -- --
2024 $5,883 $368,047 -- --
2023 $5,681 $357,327 $0 $0
2022 $5,529 $346,919 $0 $0
2021 $5,379 $336,815 $0 $0
2020 $4,844 $327,005 $0 $0
2019 $4,779 $317,481 $0 $0
2018 $4,805 $308,234 $0 $0
2017 $5,107 $299,256 $0 $0
2016 $5,000 $290,540 $0 $0
2015 $4,845 $282,080 $0 $0
2014 -- $274,608 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24329997

Regional Multiple Listing Service (RMLS)

APN: 507121

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