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Off market
    • $558,000

    505 Michelle Ct, Newberg, OR 97132

    4beds
    4baths
    1,996sqft
    MultiFamily
    Built in 1981
    -- sqft lot
    $558,000 Zestimate®
    $280/sqft
    $1,883 Estimated rent

    Home value

    $558,000

    $530,000 - $591,000

    $1,883/mo

    Zestimate® history
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    Owner options

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    $1,883/mo

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    $1,883/mo

    Rent Zestimate®

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    $3,296/mo

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    $3,296/mo

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    What's special

    Owner Occupied Possible. Well maintained units with great rental history. Each unit has a large living room, dining area, 2bed, 1.5 baths, washer/dryer hookups, one car garage with storage, gas furnace. The units have new windows and lap siding in 2010. One side has been updated with Luxury vinyl flooring, new furnace and paint. Both units have garage door opener and fenced back yards.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Forced air, Gas
    Appliances
    • Included: Dishwasher, Range / Oven, Refrigerator
    • Laundry: Washer/Dryer Hookup
    Features
    • Basement: Crawl Space
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,996 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood
    Lot
    • Size: 7,004 sqft
    • Features: Level
    Details
    • Parcel number: R3219DD01912
    • Zoning: R-2

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Existing
    • Year built: 1981

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Connected

    Community & neighborhood

    Location
    • Region: Newberg

    HOA & financial

    Other financial information
    • Total actual rent: 2525

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • FoundationDetails: Concrete Perimeter
    • Heating: Forced Air
    • RoadSurfaceType: Paved
    • Appliances: Dishwasher, Refrigerator, Gas Water Heater, Range
    • GarageYN: true
    • HeatingYN: true
    • NumberOfUnitsTotal: 2
    • Utilities: Natural Gas Connected
    • Zoning: R-2
    • Roof: Composition
    • LotFeatures: Level
    • Basement: Crawl Space
    • FarmLandAreaUnits: Square Feet
    • ParkingFeatures: Storage, Garage, Garage Door Opener
    • ConstructionMaterials: Lap Siding, Man Made
    • TotalActualRent: 2525
    • CapRate: 5.40
    • LaundryFeatures: Washer/Dryer Hookup
    • PropertyCondition: Existing
    • MlsStatus: Pending
    • CoListAgentEmail: andrewzkeyser@gmail.com
    • CoListAgentFullName: Andrew Keyser
    • GrossIncome: 26515
    • NetOperatingIncome: 21489
    • OperatingExpense: 5026
    • TaxAnnualAmount: 2932.96
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/25/2020Sold$398,000$199/sqft
    Source: RMLS (OR) #20225678 Report a problem
    9/23/2020Pending sale$398,000$199/sqft
    Source: Premiere Property Group, LLC #20225678 Report a problem
    7/15/2020Price change$398,000-2.9%$199/sqft
    Source: Premiere Property Group, LLC #20225678 Report a problem
    4/18/2020Listed for sale$410,000+42.6%$205/sqft
    Source: Premiere Property Group, LLC #20225678 Report a problem
    2/10/2017Sold$287,500-0.9%$144/sqft
    Source: RMLS (OR) #16482265 Report a problem
    11/29/2016Pending sale$290,000$145/sqft
    Source: Ascend Realty & Property Mgmt. #16482265 Report a problem
    11/1/2016Listed for sale$290,000+48.1%$145/sqft
    Source: Ascend Realty & Property Mgmt. #16482265 Report a problem
    4/12/2005Sold$195,875$98/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,755 +4%$232,671 +3%
    2024$3,611 +3.6%$225,894 +3%
    2023$3,487 +2.8%$219,315 +3%
    2022$3,393 +2.8%$212,927 +3%
    2021$3,302 +11.1%$206,725 +3%
    2020$2,973 +1.4%$200,704 +3%
    2019$2,933 -0.5%$194,858 +3%
    2018$2,949 $189,183 +3%
    2017$2,949 -4%$183,673 +3%
    2016$3,071 $178,323 +3%
    2015$3,071 +1.8%$173,131 +3%
    2014$3,016 +10.8%$168,090 +3%
    2013$2,722 +3.3%$163,197 +3%
    2012$2,635 +25.1%$158,445 +23%
    2011$2,106 -21.9%$128,854 -16.2%
    2010$2,695 +3.5%$153,832 +3%
    2009$2,603 +3.4%$149,352 +3%
    2008$2,518 +1.1%$145,002 +3%
    2007$2,490 +5%$140,778 +3%
    2006$2,372 +3.3%$136,678 +3%
    2005$2,297 +3.4%$132,697 +3%
    2004$2,221 +1.8%$128,832 +5.5%
    2003$2,182 +5.7%$122,104 -5.1%
    2002$2,064 +2.1%$128,604 +3%
    2001$2,022 +4.8%$124,858 +3%
    2000$1,930 $121,222

    Find assessor info on the county website

    Neighborhood: 97132

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Edwards
    • Middle: Chehalem Valley
    • High: Newberg

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $558,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $558,000

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