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$545,000   Price Analysis
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520 E Michelle Ct
Newberg, OR 97132
4 bed 2 bath unknown SqFt ($0/SqFt)
7,840SqFt lot. Built 1980
Listed 2024-06-28, Taxes $2,979
USDA Eligible
near Newberg, OR
 

Beautifully updated duplex in Newberg!

* Sale Pending *

This charming duplex is perfect for those looking for a home with rental income potential or an investor seeking to l ease out a modernized unit. One unit currently has a long term renter, whle the other unit has been thoughtfully upgraded and is move-in ready. Updates include fresh paint throughout, new quartz counters, new flooring throughout and new stainless steel appliances. Located on a cul-de-sac, this property boasts roomy backyards and attached garages for both units.Enjoy low-maintenance living with an all-brick exterior, ensuring durability and ease of upkeep.

The fenced backyards offer privacy and are perfect for outdoor activities or pets.Experience the best of both worlds with suburban tranquility and proximity to downtown Newberg, where you can enjoy boutique shops, local eateries, vibrant community events. Conveniently located 1.5 miles from George Fox University and nestled in the heart of wine country with easy access to wineries and vineyards within a 5-mile radius.


Presented by Lauren Musco at
Berkshire Hathaway HomeServices NW Real Estate.
Listing Agent Photo

Property MLS #24522953 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Storage: Garage

Heating Features: ForcedAir
Heating Fuel: Gas
Heating: Yes
Water Heaters: Gas

Basement Description: CrawlSpace

Lot Description: Cul_de_sac, Level
Lot Size Acres: 0.1799816
Lot Size Square Feet: 7840

Garage Spaces: 2
Parking Features: Driveway, Garage

Road Surface Type: Paved

View: Territorial
Security Features: SecuritySystem

Elementary School: Edwards
High School: Newberg
Middle School: Chehalem Valley

Edwards Elementary School is a public elementary school located approximately 0.3 miles away.
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Newberg Senior High School is a public high school located approximately 1.7 miles away.
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Chehalem Valley Middle School is a public middle school located approximately 2.4 miles away.
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Ambleside of Willamette Valley is a private elementary, middle and high school located approximately 0.5 miles away.
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Gross Income: 13840
Gross Scheduled Income: 17040

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 3061.780000000
Source Listing Status: Pending
County: Yamhill
Cap Rate: 1.91
Directions: Turn right onto E 10th St, E 10th St turns left and becomes James St, Turn left onto Michelle Ct
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: Village Park Addition
Parcel Number: 279889
Subdivision: Village Park Addition
Zoning: R-2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$186,958
$2,979
2021$unknown + $unknown
$181,513
$2,898
2020$unknown + $unknown
$176,226
$2,610
2019$unknown + $unknown
$171,093
$2,575
2018$unknown + $unknown
$166,110
$2,589
2017$unknown + $unknown
$161,272
$2,752
2016$unknown + $unknown
$156,575
$2,696
2015$unknown + $unknown
$152,016
$2,647
2014$unknown + $unknown
$147,590
$2,470
2013$unknown + $unknown
$143,293
$2,389
2012$unknown + $unknown
$139,121
$2,313
2011$79,234 + $55,836
$135,070
$2,235

Listed 2024-06-28
$545,000
RMLS
Sold 2021-10-12
$455,000
RMLS
Sold 2009-08-27
$162,500
RMLS
Listed 2009-07-08
$165,000
RMLS
Sold 1982-01-01
$571,062
Public Record

Net Operating Income: 10403
Operating Expense: 3437

Year Built: 1980
Building Exterior Type: Brick
Property Age: 44
Property Condition: Approximately
Roof: Composition

Sewer: PublicSewer
Water Source: PublicWater
Click Thumbnail Images To View Full Size
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unknownunknownkitchenkitchenlaundry_room
unknownbathroombathroomunknownunknown
unknownunknownunknownporchyard
house_viewhouse_view

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.