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Sold on 04/08/2021
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521 E Michelle Ct, Newberg, OR 97132

$440,000

Last sold 04/08/2021 after 24 Hours

  • —

    bed

  • —

    bath

  • 1,822

    Sqft ($241/Sqft)

Multi-family not for sale
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About 521 E Michelle Ct

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Rental estimate
Property description
Great Opportunity to acquire investment rental or potential for owner occupied 1 side and rent the other. Large fenced yards with patio area. Fresh paint, updated lighting, new flooring side A (laminate) and recent new flooring side B (vinyl plank), new refrigerator unit A. Each unit has large laundry room, and separate storage area.
Listed by
Listing Agent - Janet Winder
Listing Office - Keller Williams Realty Portland Premiere
Source: RMLS mls logo
MLS#21535135 • last updated 5 years ago
Movoto checked RMLS for data Just now
Overview
Cooling/AC Window Unit(s)
Heating Forced Air
MLS # 21535135
Type Multi Family
Status Sold
Property Tax 2302.71
Year Built 1980
Exterior
Roof Composition
Exterior Features Brick
Lot Desc Cul-de-sac
Amenities / Utilities
Hot Water Gas
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Yamhill
Area 156 - Yamhill County Including Willamina
Elementary School Edwards
Middle School Chehalem Valley
High School Newberg
Zoning R-2
Directions 99W - South On Blaine St., L On 9th, R On School, R On 10th To Michelle Ct
APN 279861
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Total # of Units 2
Gross Rent Multiplier 18.54
Net Operating Income 21500
Operating Expense 2500
Gross Scheduled Income 30000
Gross Income 24000
Cap Rate 4.83
We are not permitted to show value estimates for this property.
  • May 2021
    Public Records
  • May 11, 2021 Sold
    $440,000
  • May 2021
    mls logo MLS # 21535135
  • May 11, 2021 Sold
    $440,000 (-1.1%)
  • Apr 8, 2021 Pending
    —
  • Apr 7, 2021 Listed
    $445,000 (+147.2%)
  • Jul 2014
    Public Records
  • Jul 17, 2014 Sold
    $180,000 (+9.1%)
  • Jan 2010
    Public Records
  • Jan 11, 2010 Sold
    $165,000
  • Year Property taxes Tax assessment
  • 2025
    $2,908 +4.0%
    $180,211 +3.0%
  • 2024
    $2,797 +3.6%
    $174,962 +3.0%
  • 2023
    $2,701 +2.8%
    $169,866 +3.0%
  • 2022
    $2,628 +2.8%
    $164,918 +3.0%
  • 2021
    $2,557 +11.1%
    $160,115 +3.0%
  • 2020
    $2,303 +1.4%
    $155,451 +3.0%
  • 2019
    $2,272 -0.5%
    $150,923 +3.0%
  • 2018
    $2,284 -5.9%
    $146,527 +3.0%
  • 2017
    $2,428 +2.1%
    $142,259 +3.0%
  • 2016
    $2,378 +1.8%
    $138,116
  • 2015
    $2,336
    —
  • 521 E Michelle Ct
    $440K
  • 156 - Yamhill County Including Willamina
    —
  • 97132
    $614K 0% y/y
  • Newberg
    $614K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Edwards Elementary School
public Grades K-5
Newberg School District 29j
7/10
Chehalem Valley Middle School
public Grades 6-8
Newberg School District 29j
6/10
Newberg Senior High School
public Grades 9-12
Newberg School District 29j
Source: GreatSchools.org © 2026. All rights reserved.

Around 156 - Yamhill County Including Willamina

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