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Sold on 12/15/2020
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524 E Michelle Ct, Newberg, OR 97132

$419,900

Last sold 12/15/2020 after 92 Days

  • —

    bed

  • —

    bath

  • 2,336

    Sqft ($180/Sqft)

Multi-family not for sale
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About 524 E Michelle Ct

Property type Multi-family
Neighborhood
Year built 1993
HOA fee $0/month
Rental estimate
Property description
This duplex offers a 3 bed, 2 bath unit, and a 2 bed, 1 bath unit. Current owner has enjoyed long-term tenants who have treated property extremely well. Within the past year, Unit B (smaller unit) has fresh interior paint, new appliances, carpet and lights, among other small updates. Laundry hook-ups are in the garage on both units. Great potential to live in one unit, and rent out the other. Contact Listing Agent for rental income specifics. Buyer to do due diligence regarding tenant laws.
Listed by
Listing Agent - Zach Bernards
Listing Agent Contact: 503-538-8311
Listing Office - Willcuts Company Realtors
Source: RMLS mls logo
MLS#20441759 • last updated 5 years ago
Movoto checked RMLS for data 6 minutes ago
Overview
Heating Forced Air
MLS # 20441759
Type Multi Family
Status Sold
Property Tax 3422.76
Year Built 1993
Exterior
Roof Composition
Exterior Features Wood Siding
Lot Desc Cul-de-sac, Level
Amenities / Utilities
Hot Water Electricity
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 R2
Directions Take Blaine, Left On 9th, Right On School, Right, And Then Left Onto Michelle Ct.
APN 279870
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 3
Unit Type 2: Total Baths 2
Unit Type 2: Rent 950
Total # of Units 2
Gross Rent Multiplier 19.44
Operating Expense Scheduled 6120
Net Operating Income 17000
Operating Expense 4600
Gross Scheduled Income 31200
Gross Income 21600
Cap Rate 4.05
Net Scheduled Income 25000
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jan 2021
    Public Records
  • Jan 25, 2021 Sold
    $419,900
  • Jan 2021
    mls logo MLS # 20441759
  • Jan 25, 2021 Sold
    $419,900
  • Dec 15, 2020 Pending
    —
  • Oct 23, 2020 Price Change
    $419,900 (-4.5%)
  • Oct 7, 2020 Price Change
    $439,900 (-2.2%)
  • Sep 14, 2020 Listed
    $449,900
  • Year Property taxes Tax assessment
  • 2025
    $4,382 +4.0%
    $271,527 +3.0%
  • 2024
    $4,214 +3.6%
    $263,618 +3.0%
  • 2023
    $4,069 +2.8%
    $255,940 +3.0%
  • 2022
    $3,960 +2.8%
    $248,485 +3.0%
  • 2021
    $3,853 +11.1%
    $241,248 +3.0%
  • 2020
    $3,470 +1.4%
    $234,221 +3.0%
  • 2019
    $3,423 -0.5%
    $227,399 +3.0%
  • 2018
    $3,441 -5.9%
    $220,776 +3.0%
  • 2017
    $3,658 +2.1%
    $214,346 +3.0%
  • 2016
    $3,583 +1.8%
    $208,103
  • 2015
    $3,519
    —
  • 524 E Michelle Ct
    $419K
  • 156 - Yamhill County Including Willamina
    —
  • 97132
    $635K 0% y/y
  • Newberg
    $637K 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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