NOT LISTED FOR SALE

801 E Sheridan St Newberg, OR 97132

Estimated Value: $676,000 - $795,000

-- Bed
3 Baths
2,728 Sq Ft
$274/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $720,000 $264 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,243/month

102 Days on Market

Highlights

  • Corner Lot
  • Garage
  • Laundry Facilities
  • Forced Air Heating and Cooling System

About This Home

As of October 2022

This is a well maintained tri plex in the best part of Newberg. Located in the heart of Oregon Wine Country this property is one block from George Fox University and two blocks from 99W.Built in 1904 this property has 3 two bedroom apartments each with their own and washer and dryer. Three seperate electric meters. There is also a two car garage with a unfinished upstairs that is framed & plumbed that could be easily finished and made into a fourth unit(buyer to verify with City)

Last Agent to Sell the Property

Tom DeMonbrun

Metro Group Realty License #911100021 Listed on: 06/07/2022

Last Buyer's Agent

Stephen Mead

Oregon Country Property, LLC License #780401398

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,232

Year Built

  • Built in 1904 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,728 Sq Ft Home
  • Crawl Space

Parking

  • Garage
  • Open Parking

Schools

  • Joan Austin Elementary School
  • Mountain View Middle School
  • Newberg High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 46177

Community Details

Building Details

  • Operating Expense $8,500
  • Gross Income $49,560
  • Net Operating Income $41,060

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,232

Year Built

Built in 1904 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1904
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 720000.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attic,Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodComposite
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Block
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: CentralAir, Laundry

Schools

  • Elementary School: Joan Austin
  • High School: Newberg
  • Middle Or Junior School: Mountain View

Lot Info

  • Zoning: Apartme
  • Parcel #: 46177

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 3232.49

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.73
  • Annual Gross Income: 49560.0
  • Property Net Operating Income: 41060.0
  • Annual Operating Expense: 8500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2023
Sold by
Nelson Cheryl
Bought by
801 Sheridan Llc
Current Estimated Value
$748,589

Purchase Details

Listed on
Jun 7, 2022
Closed on
Sep 16, 2022
Sold by
Morrison David
Bought by
Nelson Cheryl
Seller's Agent
Tom DeMonbrun
Metro Group Realty
Buyer's Agent
Stephen Mead
Oregon Country Property, LLC
List Price
$750,000
Sold Price
$720,000
Premium/Discount to List
-$30,000
-4%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.27%

Purchase Details

Closed on
Sep 9, 2016
Sold by
Schlittenhart Kathleen E
Bought by
Morrison David and Morrison Nita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2015
Sold by
Schlittenhart Kathleen E
Bought by
Cook Dennis Gordon
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
801 Sheridan Llc -- None Listed On Document
801 Sheridan Llc -- None Listed On Document
Nelson Cheryl $720,000 First American Title
Morrison David $425,000 Ticor Title Company Of Or
Cook Dennis Gordon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morrison David $318,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $720,000 -1.4% $264 / Sq Ft
09/17/2022 09/17/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $730,000 -2.7% $268 / Sq Ft
06/07/2022 06/07/22 For Sale $750,000 -- $275 / 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 $3,800 $235,493 -- --
2024 $3,655 $228,634 -- --
2023 $3,414 $214,722 $0 $0
2022 $3,322 $208,468 $0 $0
2021 $3,232 $202,396 $0 $0
2020 $2,911 $196,501 $0 $0
2019 $2,872 $190,778 $0 $0
2018 $2,887 $185,221 $0 $0
2017 $3,069 $179,826 $0 $0
2016 $3,006 $174,588 $0 $0
2015 $2,952 $169,504 $0 $0
2014 -- $164,568 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22051125

Regional Multiple Listing Service (RMLS)

APN: 46177