Assumable financing available for a qualified buyer! Fixed rate of 3.37% through May of 2026! Strong occupancy history with upside in rents based on most recent highest achieved of $2,025! A 6.01% cap rate on actuals and 7.94% on pro forma. The Garden Court Apartments were built in 1970 and are comprised of 12 three-bedroom one-and-a-half bath townhouse-style apartments. At 1,100 square feet, the spacious layouts consist of an open floorplan, modern kitchen amenities, washer dryer hook ups, and private fenced in patios. Three buildings, with wood-framed construction and pitched composition shingle roofs make up the complex. All units have vinyl windows and sliders. Ample parking with one covered parking spot and one uncovered parking spot per unit. All three buildings received new exterior paint, gutters and roofs in 2020.
Property Details
Property Features
Property Information:
Year Built: 1970
Stories: 2
Listing Office:
Office Name: GA Cooke Real Estate Services
Office Phone: (503) 612-9282
Listing Agent: Glenna Cooke
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Attached Garage: No
Parking: Carport, Open
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.69 Acres
Utilities
Utilities Information:
Heating: Zoned
School Info
Assigned Schools Information:
Newberg High School, Public District Grades 9-12
Mountain View Middle School, Public District Grades 6-8
Joan Austin Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: E 3rd Street & S Everest Road
Price Information
Listing Price Info
Price Summary:
List Price: $2,795,000
Tax Information:
Annual Amount: $10,655
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Newberg, OR.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/5/2024, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 30, 2016
Nov 30, 2016Home Sold
$1,500,000
Nov 03, 2011
Nov 03, 2011Home Sold
$550,000
May 01, 1997
May 01, 1997Home Sold
$650,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$10,655
$647,734
2019
$9,465
$628,868
2018
$9,516
$610,551
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Joan Austin Elementary School
2200 N Center St
Distance between this listing and this school1.32 miles
Public District Grades KG-5
Middle School
5
/10
Mountain View Middle School
2015 N Emery Dr
Distance between this listing and this school1.14 miles
Public District Grades 6-8
High School
6
/10
Newberg High School
2400 Douglas Ave
Distance between this listing and this school0.98 miles
Public District Grades 9-12
Assigned Schools
6
/10
Joan Austin Elementary School
2200 N Center St
Distance between this listing and this school1.32 miles
Public District Grades KG-5
Nearby Schools
4
/10
Edwards Elementary School
715 E 8th St
Distance between this listing and this school0.51 miles
Public District Grades KG-5
7
/10
Mabel Rush Elementary School
1441 Deborah Rd
Distance between this listing and this school1.00 miles
Public District Grades KG-5
Assigned Schools
5
/10
Mountain View Middle School
2015 N Emery Dr
Distance between this listing and this school1.14 miles
Public District Grades 6-8
Nearby Schools
7
/10
Chehalem Valley Middle School
403 W Foothills Dr
Distance between this listing and this school2.12 miles
Public District Grades 6-8
10
/10
Laurel Ridge Middle School
21416 SW Copper Ter
Distance between this listing and this school6.60 miles
Public District Grades 6-8
Assigned Schools
6
/10
Newberg High School
2400 Douglas Ave
Distance between this listing and this school0.98 miles
Public District Grades 9-12
Nearby Schools
4
/10
St Paul High School
20449 Main St NE
Distance between this listing and this school5.82 miles
Public District Grades 7-12
10
/10
Sherwood High School
16956 SW Meinecke Rd
Distance between this listing and this school6.72 miles
The neighbors living near this home have an average income of $37,196. The most common annual income of people living in Newberg, OR is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1558 E 3rd St
What is the listing price of this property?
The listing price of 1558 E 3rd St property is $2,795,000.
What type of property is this?
The property 1558 E 3rd St is a house located in Newberg, Oregon, 97132.
Is this property for sale now?
Active Listing: 1558 E 3rd St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1558 E 3rd St are: Joan Austin Elementary School: GreatSchools Rating 6/10Mountain View Middle School: GreatSchools Rating 5/10Newberg High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $10,655 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 30, 2016 for $1,500,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1558 E 3rd St is 1970.
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This home is located at 1558 E 3rd St in Newberg, OR and zip code 97132. This home, which was built in 1970, sits on a 0.69 acre lot. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $2,795,000.
Newberg, OR housing market in October 2024 saw over 5 listings sold above listed price, more than 7 sold at listed price and over 9 sold below. Between September 2024 and October 2024, Newberg, OR real estate market has seen decrease in the number of listings by 2.6%. In October 2024 median list price was $493,950 and the average listing age was 37 days.
From Rocket Homes Real Estate and based on county public records data.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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