NOT LISTED FOR SALE

902 N Pecan Ct Newberg, OR 97132

Estimated Value: $515,796 - $560,000

5 Beds
2 Baths
1,918 Sq Ft
$281/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $500,000 $261 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,217/month

70 Days on Market

Highlights

  • Cul-De-Sac
  • Level Lot
  • 1-Story Property
  • Storage
  • Wall Furnace

About This Home

As of February 2023

The best investment out there! Fantastic opportunity to own a great side by side duplex on a cul-de-sac. Spacious 3bd/1ba side w/stainless steel appliances and a 2bd/1ba both fully rented. Light & bright interiors with spacious kitchens, laundry & good sized living areas. Outside you have private fenced backyards, covered carport parking and storage. Great location with easy access to George Fox University, highways and shopping. Tenants pay all utilities and great low taxes.

Last Agent to Sell the Property

Nikki Gardner

ELEETE Real Estate License #200408158 Listed on: 09/23/2022

Last Buyer's Agent

Amy Garvin

Cascade Hasson Sotheby's International Realty License #201213880

Cascade Hasson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,935

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Garage
  • Carport

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,918 Sq Ft Home
  • 1-Story Property
  • Storage
  • Crawl Space

Schools

  • Mabel Rush Elementary School
  • Mountain View Middle School
  • Newberg High School

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Rent includes ground maintenance
  • Assessor Parcel Number 39176

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,935
  • Gross Income $37,800
  • Net Operating Income $33,865

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,935

Year Built

Built in 1988 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1988
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Cul_de_sac, Level
  • Road Surface Type: Concrete
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Mabel Rush
  • High School: Newberg
  • Middle Or Junior School: Mountain View

Lot Info

  • Zoning: r
  • Parcel #: 39176

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 3935.36

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.23
  • Annual Gross Income: 37800.0
  • Property Net Operating Income: 33865.0
  • Annual Operating Expense: 3935.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Feb 2, 2023
Sold by
Neu Family Joint Living Trust
Bought by
Dejesus Uribe Zapien Benjamin
Seller's Agent
Nikki Gardner
ELEETE Real Estate
Buyer's Agent
Amy Garvin
Cascade Hasson Sotheby's International Realty
List Price
$500,000
Sold Price
$500,000
Views
118
Current Estimated Value
$538,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,949
Avg. Annual Appreciation
2.94%
Original Mortgage
$490,943
Outstanding Balance
$476,083
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$62,866

Purchase Details

Closed on
Jan 15, 2016
Sold by
Wamser Scott and Wamser Michelle
Bought by
Neu Family Joint Living Trust

Purchase Details

Closed on
Aug 16, 2005
Sold by
Miller Tom and Miller Charleen
Bought by
Wamser Scott and Wamser Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Dejesus Uribe Zapien Benjamin $500,000 --
Neu Family Joint Living Trust $240,000 Ticor
Wamser Scott $225,000 Fnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dejesus Uribe Zapien Benjamin $490,943
Previous Owner Wamser Scott $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $500,000 0.0% $261 / Sq Ft
12/03/2022 12/03/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $500,000 0.0% $261 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $500,000 -- $261 / 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 $4,304 $269,253 -- --
2023 $4,156 $261,411 $0 $0
2022 $4,045 $253,797 $0 $0
2021 $3,935 $246,405 $0 $0
2020 $3,544 $239,228 $0 $0
2019 $3,496 $232,260 $0 $0
2018 $3,515 $225,495 $0 $0
2017 $3,736 $218,927 $0 $0
2016 $3,653 $212,550 $0 $0
2015 $3,545 $206,361 $0 $0
2014 $3,442 $205,682 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22441719

Regional Multiple Listing Service (RMLS)

APN: 39176