$499,900
SOLD FEB 20, 2025

309 W Sherman St Newberg, OR 97132

-- Bed
-- Bath
1,616 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$309 Per Sq Ft

9% Below List Price

76 Days on Market

Highlights

  • Private Lot
  • No HOA
  • Storage
  • Territorial View
  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating

About This Home

As of February 2025

PRICE REDUCED! Fantastic investment opportunity in Newberg! This 1616SF duplex is two units. One unit on the main floor features a living room, kitchen, 2 bedrooms,1 bathroom and it also features an upstairs bonus room and has 989 square feet. It currently rents for $1820/mo. The second unit features 1 bedroom and 1 bathroom with and it's own laundry and has approx. 627sf. It currently rents for $1400/mo. This property has two backyards and a 1 car attached garage. Nice front porch and is close to downtown Newberg.

Last Agent to Sell the Property

Teri Steneck

Valley Realty License #200203163 Listed on: 11/01/2024

Last Buyer's Agent

Heather Allred Jones

Robbins Realty Group License #201212096

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,852

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 4,356 Sq Ft Lot
  • Private Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,616 Sq Ft Home
  • 2-Story Property
  • Storage
  • Washer and Dryer Hookup
  • Territorial Views
  • Crawl Space

Schools

  • Edwards Elementary School
  • Chehalem Valley Middle School
  • Newberg High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 517888

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Newberg Subdivision

Building Details

  • Operating Expense $5,051
  • Gross Income $38,640
  • Net Operating Income $33,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,852

Year Built

Built in 2001 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2001
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, Private
  • Road Surface Type: Unimproved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas
  • Internet Service Type: Cable
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Edwards
  • High School: Newberg
  • Middle Or Junior School: Chehalem Valley

Lot Info

  • Zoning: R-2
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 517888

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3851.52

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.94
  • Annual Gross Income: 38640.0
  • Property Net Operating Income: 33589.0
  • Annual Operating Expense: 5051.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Feb 14, 2025
Sold by
Csb Holdings Llc
Bought by
Pilipaka Kirril
Seller's Agent
Teri Steneck
Valley Realty
Buyer's Agent
Heather Allred Jones
Robbins Realty Group
List Price
$550,000
Sold Price
$499,900
Premium/Discount to List
-$50,100
-9.11%
Views
52
Current Estimated Value
$495,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,000
Avg. Annual Appreciation
-1.10%
Original Mortgage
$349,930
Outstanding Balance
$347,546
Interest Rate
6.14%
Mortgage Type
New Conventional
Estimated Equity
$149,828

Purchase Details

Listed on
Jul 20, 2022
Closed on
Sep 9, 2022
Sold by
Johnson Mark G
Bought by
Csb Holdings Llc
Seller's Agent
Linsey Macy
Premiere Property Group, LLC
Buyer's Agent
Teri Steneck
Valley Realty
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$340,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2009
Sold by
Hansen Blane and Jeffery David F
Bought by
Johnson Mark G and Johnson Kara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,102
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2009
Sold by
Hoffert Steven G
Bought by
Hansen Blane and Jeffery David F

Purchase Details

Closed on
Feb 21, 2007
Sold by
Sparks Alan
Bought by
Hoffert Steven G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
9.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2007
Sold by
Lattig Kristi A and Thomas Jason
Bought by
Sparks Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
9.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Morris Matthew and Morris Chrissy
Bought by
Lattig Kristi A and Thomas Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
5.37%
Mortgage Type
Stand Alone First
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $499,900 Ticor Title
Warranty Deed $425,000 First American Title
Warranty Deed $181,400 First American Title
Warranty Deed $124,000 First American Title
Warranty Deed $222,000 First American Title
Trustee Deed $174,600 None Available
Warranty Deed $187,000 Ticor Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $349,930 New Conventional
Previous Owner $340,000 New Conventional
Previous Owner $157,115 New Conventional
Previous Owner $185,102 New Conventional
Previous Owner $222,000 Purchase Money Mortgage
Previous Owner $149,600 Stand Alone First
Previous Owner $15,807 Unknown
Closed $37,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $499,900 0.0% $309 / Sq Ft
01/16/2025 01/16/25 Pending -- -- --
01/11/2025 01/11/25 Price Changed $499,900 -3.7% $309 / Sq Ft
12/14/2024 12/14/24 Price Changed $519,000 -2.1% $321 / Sq Ft
11/22/2024 11/22/24 Price Changed $529,900 -3.7% $328 / Sq Ft
11/01/2024 11/01/24 For Sale $550,000 +29.4% $340 / Sq Ft
09/27/2022 09/27/22 Sold $425,000 0.0% $263 / Sq Ft
08/13/2022 08/13/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $425,000 -- $263 / 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
2024 $3,852 $240,946 -- --
2023 $3,719 $233,928 $0 $0
2022 $3,495 $219,295 $0 $0
2021 $3,400 $212,908 $0 $0
2020 $3,062 $206,707 $0 $0
2019 $3,021 $200,686 $0 $0
2018 $3,037 $194,841 $0 $0
2017 $3,228 $189,166 $0 $0
2016 $3,162 $183,656 $0 $0
2015 $3,106 $178,309 $0 $0
2014 $2,897 $173,117 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24173649

Regional Multiple Listing Service (RMLS)

APN: 517888