NOT LISTED FOR SALE

514 N Morton St Newberg, OR 97132

Estimated Value: $502,000 - $514,000

4 Beds
2 Baths
1,815 Sq Ft
$280/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $500,000 $275 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,964/month

2 Days on Market

Highlights

  • Territorial View
  • Fenced Yard
  • Washer and Dryer
  • Chehalem Valley Middle School Rated 9+
  • Baseboard Heating
  • High Speed Internet

About This Home

As of May 2023

Lovely duplex with good rental history in established neighborhood. Each unit has 907sqft with 2Bed/1Bath. Recent remodeling lends to this duplex's strength as an investment opportunity. Features include: Fenced backyard, carport, storage shed, new flooring, W/D hookups, granite countertops, and includes modern appliances. Enjoy a private backyard with well maintained landscaping for dogs and/or gatherings. Property adjoins Chehalem Armory & Youth Center, and Armory Park. Please do not disturb the tenants.

Last Agent to Sell the Property

Dallas France

MORE REALTY License #201214885 Listed on: 04/25/2023

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,134

Year Built

  • Built in 1962

Lot Details

  • 7,532 Sq Ft Lot
  • Fenced Yard

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,815 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,134

Year Built

Built in 1962

Lot Details

7,532 Sq Ft Lot

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Dual Living: Yes
  • Range Facility: Range Included
  • Syndicated Remarks: Lovely duplex with good rental history in established neighborhood. Each unit has 907sqft with 2Bed/1Bath. Recent remodeling lends to this duplex's strength as an investment opportunity. Features include: Fenced backyard, carport, storage shed, new flooring, W/D hookups, granite countertops, and includes modern appliances. Enjoy a private backyard with well maintained landscaping for dogs and/or gatherings. Property adjoins Chehalem Armory & Youth Center, and Armory Park. Please do not disturb the tenants.
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Included
  • Source Of Sq Ft: County

Exterior Features

  • Fenced Yard: Yes
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Vinyl
  • View: Territorial

Utilities

  • Heating: Electric, Baseboard
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Sewer: City

Lot Info

  • Acres: 0.17
  • Estimated Lot Sq Ft: 7532
  • Lot: *
  • Zoning: R2
  • Geo Subdivision: OR

Multi Family

  • Unit Types: Flat
  • Number Of Units: 2

Tax Info

  • Tax Amount: 3134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
May 9, 2023
Sold by
Riches John R
Bought by
Rays Investments Llc
Seller's Agent
Dallas France
MORE REALTY
List Price
$510,000
Sold Price
$500,000
Premium/Discount to List
-$10,000
-1.96%
Views
10
Current Estimated Value
$508,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,510
Avg. Annual Appreciation
0.59%

Purchase Details

Closed on
Mar 27, 2017
Sold by
Fowler Patricia J
Bought by
Riches John R and Riches Sonija L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.17%
Mortgage Type
Commercial
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
Rays Investments Llc $500,000 Fidelity National Title
Riches John R $205,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riches John R $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2023 05/10/23 Sold $500,000 -2.0% $275 / Sq Ft
04/25/2023 04/25/23 For Sale $510,000 -- $281 / Sq Ft
Source: Willamette Valley MLS

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 $3,468 $214,900 -- --
2024 $3,335 $208,641 -- --
2023 $3,221 $202,564 $0 $0
2022 $3,134 $196,664 $0 $0
2021 $3,049 $190,936 $0 $0
2020 $2,746 $185,375 $0 $0
2019 $2,709 $179,976 $0 $0
2018 $2,724 $174,734 $0 $0
2017 $2,895 $169,645 $0 $0
2016 $2,836 $164,704 $0 $0
2015 $2,785 $159,908 $0 $0
2014 $2,598 $155,252 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dallas France

    Seller's Agent in 2023

    Dallas France

    MORE REALTY

    (971) 398-7255

    51 Total Sales

    Dallas France
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Map

Source: Willamette Valley MLS

MLS Number: 804157

Willamette Valley MLS

APN: 43820

Oregon Yamhill County Newberg 97132

514 N Morton St, Newberg, OR

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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