$569,900
SOLD NOV 1, 2024

613 E Andrew Units A B St Newberg, OR 97132

-- Bed
-- Bath
2,104 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$271 Per Sq Ft

5 Days on Market

Highlights

  • View of Trees or Woods
  • No HOA
  • 2 Car Garage
  • Corner Lot
  • Cul-De-Sac
  • Wall Furnace

About This Home

As of November 2024

Discover the perfect investment opportunity or starter home! This duplex is situated in a peaceful neighborhood and features two units, each offering 3 spacious bedrooms and 1 1/2 bathrooms.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: 09/07/2024

Keller Williams Realty Portland Premiere

Last Buyer's Agent

Allen Riddle

MORE Realty License #200203103

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,017

Year Built

  • Built in 1994

Lot Details

  • 7,405 Sq Ft Lot
  • Cul-De-Sac
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,104 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Crawl Space

Schools

  • Ewing Young Elementary School
  • Chehalem Valley Middle School
  • Newberg High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 58350

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,436
  • Gross Income $44,935
  • Net Operating Income $35,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,017

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1994
  • Property Condition: Existing
  • Property Attached Yn: No
  • 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: Yes
  • Lot Features: CornerLot, Cul_de_sac, Level, Sloped
  • Road Surface Type: Paved
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Ewing Young
  • High School: Newberg
  • Middle Or Junior School: Chehalem Valley

Lot Info

  • Zoning: R-2
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 58350

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4016.59
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.68
  • Annual Gross Income: 44935.0
  • Property Net Operating Income: 35499.0
  • Annual Operating Expense: 9436.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2024
Closed on
Oct 21, 2024
Sold by
Stanford Steven C and Stanford Elizabeth A
Bought by
4Real Realty Llc
Seller's Agent
Felicity Cortese
Keller Williams Realty Portland Premiere
Buyer's Agent
Allen Riddle
MORE Realty
List Price
$569,900
Sold Price
$569,900
Views
11
Current Estimated Value
$569,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$249
Avg. Annual Appreciation
-0.33%
Original Mortgage
$444,522
Outstanding Balance
$442,325
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$126,360

Purchase Details

Listed on
Sep 7, 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
Allen Riddle
MORE Realty
List Price
$569,900
Sold Price
$569,900
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,522
Outstanding Balance
$442,325
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$126,360

Purchase Details

Closed on
Oct 8, 2014
Sold by
Dm Newberg Property Management Llc
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
$162,855
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2011
Sold by
Yu Maggie K and Easter Danny E
Bought by
Dm Newberg Property Management Llc

Purchase Details

Closed on
May 26, 2011
Sold by
Rennick Michael Dean and Rennick Peggy H
Bought by
Yu Maggie K and Easter Danny E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.84%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 $569,900 Lawyers Title
Bargain Sale Deed -- None Listed On Document
Warranty Deed $232,650 First American Title
Warranty Deed -- None Available
Warranty Deed $185,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $444,522 New Conventional
Previous Owner $162,855 New Conventional
Previous Owner $135,000 New Conventional
Previous Owner $146,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Sold $569,900 0.0% $271 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
09/07/2024 09/07/24 For Sale $569,900 -- $271 / 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 $4,159 $260,198 -- --
2023 $4,017 $252,619 $0 $0
2022 $3,909 $245,261 $0 $0
2021 $3,803 $238,117 $0 $0
2020 $3,425 $231,182 $0 $0
2019 $3,378 $224,449 $0 $0
2018 $3,397 $217,912 $0 $0
2017 $3,611 $211,565 $0 $0
2016 $3,537 $205,403 $0 $0
2015 $3,474 $199,422 $0 $0
2014 $3,240 $193,615 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24426545

Regional Multiple Listing Service (RMLS)

APN: 58350