NOT LISTED FOR SALE

504 Michelle Ct Newberg, OR 97132

Estimated Value: $573,644 - $630,000

6 Beds
2 Baths
2,450 Sq Ft
$248/Sq Ft Est. Value

Last Sold September 23, 2014

Last sale price $231,700 $95 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $3,501/month

47 Days on Market

Highlights

  • Cul-De-Sac
  • Parking Storage or Cabinetry
  • Level Lot
  • Chehalem Valley Middle School Rated 9+
  • Garage
  • Lap Siding

About This Home

As of September 2014

Excellent Rental income. Easy to keep rented. Qualified for section 8 housing. Recent rent increase. New roof, new exterior paint, many updates to both units. Both units have been approved for Sec-8. Currently one tenant is Sec-8. 3 bedrooms per side, are in high demand and easy to rent

Last Agent to Sell the Property

Rob Molzahn

Pioneer Properties Oregon Real Estate License #900100298 Listed on: 06/17/2014

Co-Listed By

Kenneth Bunn

Berkshire Hathaway HomeServices NW Real Estate License #200407176

Last Buyer's Agent

Mark Mills

REMC Properties.com License #980100042

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • Cul-De-Sac
  • Level Lot

Parking

  • Garage
  • Parking Storage or Cabinetry

Home Design

  • Lap Siding
  • Plywood Siding Panel T1-11

Kitchen

  • Range
  • Dishwasher
  • Disposal

Additional Features

  • 1-Story Property
  • Electric Water Heater

Community Details

  • 2 Units
  • Property managed by LA to set appts w/ tenants

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Parking

4

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2450
  • Stories: 1
  • Year Built: 1993
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: LOT 23 BLOCK 2 VILLAGE PARK ADDITION = 007020 SQ FT
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Lap Siding, T-111 Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Management Name: LA to set appts w/ tenants
  • Unit Features: Dishwasher, Disposal, Range, Refrigerator

Lot Info

  • Lot Description: Cul-de-sac, Level
  • Zoning: R-2

Tax Info

  • Tax Amount: 3103.02
  • Assessor Parcel Number: 279923

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.59

MLS Schools

  • Elementary School: Edwards
  • High School: Newberg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2014
Closed on
Sep 1, 2014
Sold by
Ellingsworth Jeral and Ellingsorth Debbie
Bought by
Young Ron and Young Cathy
Seller's Agent
Rob Molzahn
Pioneer Properties Oregon Real Estate
Buyer's Agent
Mark Mills
REMC Properties.com
List Price
$249,000
Sold Price
$231,700
Premium/Discount to List
-$17,300
-6.95%
Current Estimated Value
$607,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,461
Avg. Annual Appreciation
8.87%

Purchase Details

Closed on
Jan 31, 2008
Sold by
Sullivan George A and Sullivan Patricia A
Bought by
Ellingsworth Jeral and Ellingsworth Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.09%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Young Ron $235,000 First American Title
Ellingsworth Jeral $245,000 Ticor Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellingsworth Jeral $196,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2014 09/23/14 Sold $231,700 -6.9% $95 / Sq Ft
08/03/2014 08/03/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $249,000 -- $102 / 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 $4,281 $265,271 -- --
2024 $4,117 $257,545 -- --
2023 $3,976 $250,044 $0 $0
2022 $3,869 $242,761 $0 $0
2021 $3,764 $235,690 $0 $0
2020 $3,390 $228,825 $0 $0
2019 $3,344 $222,160 $0 $0
2018 $3,362 $215,689 $0 $0
2017 $3,574 $209,407 $0 $0
2016 $3,501 $203,308 $0 $0
2015 $3,438 $197,388 $0 $0
2014 $3,207 $191,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14118301

Regional Multiple Listing Service (RMLS)

APN: 279923