Seller's Agent in 2020
Beth Keyser
Premiere Property Group, LLC
(503) 730-2599
19 Total Sales
505 Michelle Ct Newberg, OR 97132
Estimated Value: $542,000 - $575,000
4
Beds
2
Baths
1,996
Sq Ft
$279/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Garage
- Lap Siding
- Chehalem Valley Middle School Rated 9+
- Level Lot
About This Home
As of November 2020Owner Occupied Possible. Well maintained units with great rental history. Each unit has a large living room, dining area, 2bed, 1.5 baths, washer/dryer hookups, one car garage with storage, gas furnace. The units have new windows and lap siding in 2010. One side has been updated with Luxury vinyl flooring, new furnace and paint. Both units have garage door opener and fenced back yards.
Last Agent to Sell the Property
Premiere Property Group, LLC License #200205088 Listed on: 04/18/2020
Co-Listed By
Andrew Keyser
Premiere Property Group, LLC License #201220518
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,933
Year Built
- Built in 1981
Lot Details
- Level Lot
Home Design
- Composition Roof
- Lap Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,996 Sq Ft Home
- 2-Story Property
- Crawl Space
Parking
- Garage
- Garage Door Opener
Schools
- Chehalem Valley Middle School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 279825
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $5,026
- Gross Income $26,515
- Net Operating Income $21,489
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2020
Closed on
Nov 24, 2020
Sold by
Smits Scott E and Smits Rebekah D
Bought by
Burt Alexander Lonnie
Seller's Agent
Beth Keyser
Premiere Property Group, LLC
Buyer's Agent
Alex Wade
NextHome Next Chapter
List Price
$410,000
Sold Price
$398,000
Premium/Discount to List
-$12,000
-2.93%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,947
Avg. Annual Appreciation
6.73%
Original Mortgage
$390,791
Outstanding Balance
$346,954
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$209,993
Purchase Details
Listed on
Nov 1, 2016
Closed on
Feb 6, 2017
Sold by
Hale Stephen E and Hale Karina M
Bought by
Smits Scott E and Smits Rebekah D
Seller's Agent
Ernie Coufal
Ascend Realty & Property Management
Buyer's Agent
Beth Keyser
Premiere Property Group, LLC
List Price
$290,000
Sold Price
$287,500
Premium/Discount to List
-$2,500
-0.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%
Original Mortgage
$215,625
Interest Rate
4.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 29, 2005
Sold by
Borgaes Lee R and Borgaes Gloria A
Bought by
Hale Stephen E and Hale Karina M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,600
Interest Rate
7%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Burt Alexander Lonnie | $398,000 | First American | |
| Smits Scott E | $287,500 | Amerititle | |
| Hale Stephen E | $195,875 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Burt Alexander Lonnie | $390,791 | |
| Previous Owner | Smits Scott E | $215,625 | |
| Previous Owner | Hale Stephen E | $156,600 | |
| Closed | Hale Stephen E | $29,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/25/2020 11/25/20 | Sold | $398,000 | 0.0% | $199 / Sq Ft | |
| 09/23/2020 09/23/20 | Pending | -- | -- | -- | |
| 07/15/2020 07/15/20 | Price Changed | $398,000 | -2.9% | $199 / Sq Ft | |
| 04/18/2020 04/18/20 | For Sale | $410,000 | +42.6% | $205 / Sq Ft | |
| 02/10/2017 02/10/17 | Sold | $287,500 | -0.9% | $144 / Sq Ft | View Prior Sale |
| 11/21/2016 11/21/16 | Pending | -- | -- | -- | |
| 11/01/2016 11/01/16 | For Sale | $290,000 | -- | $145 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $3,755 | $232,671 | -- | -- |
| 2024 | $3,611 | $225,894 | -- | -- |
| 2023 | $3,487 | $219,315 | $0 | $0 |
| 2022 | $3,393 | $212,927 | $0 | $0 |
| 2021 | $3,302 | $206,725 | $0 | $0 |
| 2020 | $2,973 | $200,704 | $0 | $0 |
| 2019 | $2,933 | $194,858 | $0 | $0 |
| 2018 | $2,949 | $189,183 | $0 | $0 |
| 2017 | $3,135 | $183,673 | $0 | $0 |
| 2016 | $3,071 | $178,323 | $0 | $0 |
| 2015 | $3,016 | $173,131 | $0 | $0 |
| 2014 | $2,813 | $168,090 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Beth Keyser
-
A
Seller Co-Listing Agent in 2020
Andrew Keyser
Premiere Property Group, LLC
-
Alex Wade
A
Buyer's Agent in 2020
Alex Wade
NextHome Next Chapter
(503) 278-2584
2 Total Sales
-
Ernie Coufal
Seller's Agent in 2017
Ernie Coufal
Ascend Realty & Property Management
(503) 547-3052
9 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 20225678
APN: 279825
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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