NOT LISTED FOR SALE

800 E 2nd St Newberg, OR 97132

2 Beds
-- Bath
990 Sq Ft
-- Built

About This Home

The Cornerstone Apartments opened in 2020 right in downtown Newberg. The building is located in downtown but adjacent to a residential neighborhood, offering the best of both worlds, all the amenities of downtown but removed from the traffic of 99W. The complex is within blocks of restaurants, shopping, grocery store, parks, the public library and cultural center, public transportation, and George Fox University. This building also is well located for an easy commute to Sherwood, Wilsonville, McMinnville, Tualatin, Tigard.

This building features many upgrades and unique features so that it feels more like a house than an apartment. Some units even have walk-in closets! Features in each apartment include:
•Granite counters
•Vinyl wood plank flooring
•Tile bathtub surrounds
•Premium carpet in the bedrooms
•Top down-bottom up windows and blinds
•Custom cabinetry

Additional Features include (Note - each unit in the building is unique and may or may not have any or all of these additional features. Please refer to specific unit descriptions for more information about a particular unit):
•Air Conditioning
•Balcony/Patio
•Dishwasher
•Stainless Steel Appliance
•In-Unit Washer/Dryer
•Reserved Parking

Other unique features that make this building stand out include:
•These apartments have oversized windows that have lots of natural light with some awesome views. The units on the east side of the building enjoy the sunrise, while the units on the west side of the building experience the setting sun.
•Enhanced sound damping between floors and apartment units. These units will be quieter than normal apartments no matter which unit or floor you are on.
•Central hot water. There isn’t any hot water heater taking up valuable closet space in your apartment and your electric bill won't include the cost of heating hot
water, it is already included in the rent.
•Off-street parking in a downtown apartment complex - this building is located downtown Newberg, yet still features off-street resident parking.
•The building features modern security and entry features - All doors are accessed through fobs and guest access is available through the lobby's telephone system which is linked directly to your phone. Security cameras are located around the exterior and interior public areas of the building.

COMPLEX AMENITIES
•Electronic entry systems
•Secure lobby
•Indoor mailboxes
•Tenant parking
•Bike racks
•Onsite commercial-grade laundry facilities
•Local management
•Water, sewer, garbage, and hot water included in rent

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2023 07/21/23 Price Changed $1,655 -7.0% $2 / Sq Ft
07/04/2023 07/04/23 Price Changed $1,780 +22.3% $2 / Sq Ft
06/30/2023 06/30/23 Price Changed $1,455 +7.4% $1 / Sq Ft
06/23/2023 06/23/23 Price Changed $1,355 0.0% $1 / Sq Ft
06/23/2023 06/23/23 For Rent $1,355 -16.1% --
06/16/2023 06/16/23 For Rent $1,615 0.0% --
05/10/2023 05/10/23 Price Changed $1,615 +43.6% $2 / Sq Ft
04/25/2023 04/25/23 Price Changed $1,125 -32.0% $1 / Sq Ft
04/21/2023 04/21/23 For Rent $1,655 -- --

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 $22,477 $1,392,905 -- --
2024 $21,617 $1,352,335 -- --
2023 $20,876 $1,312,947 $0 $0
2022 $20,315 $1,274,706 $0 $0
2021 $19,766 $1,237,579 $0 $0
2020 $17,798 $1,201,533 $0 $0
2019 $941 $62,541 $0 $0
2018 $946 $60,719 $0 $0
2017 $1,006 $58,950 $0 $0
2016 $986 $57,233 $0 $0
2015 $968 $55,567 $0 $0
2014 $903 $53,950 $0 $0
Source: Public Records

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