2 months on rocket

1558 E 3rd St, Newberg, OR, 97132

$2,795,000

0 Baths
House

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingCarport, Open
Year Built1970
HeatingZoned
MLS #24507209
Lot Size0.69 Acres
StatusActive

About 1558 E 3rd St

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

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.

Med. Sold Price

$493.9K

Med. Price/SqFt

$306

Avg. Days On Market

37

# of Sold Homes

21

1558 E 3rd St vs Newberg

62 DAYS ON ROCKET

+25 Days

$2,795,000

+$2.3M More

KEY TAKEAWAY

This property is $2.3M more than the Median Sold Price in Newberg, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24507209

Listing Office:

  • Office Name: GA Cooke Real Estate Services
  • Office Phone: (503) 612-9282
  • Listing Agent: Glenna Cooke

IDXThe 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.

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: 11/21/2024, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 30, 2016Home Sold
$1,500,000
Nov 03, 2011Home Sold
$550,000
May 01, 1997Home Sold
$650,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,655$647,734
2019$9,465$628,868
2018$9,516$610,551

History based on county public records data.

Payment Calculator

$14K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,446

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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.

Nearby Schools

school-card-donut-304012
4
/10
  • Edwards Elementary School

  • 715 E 8th St

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-304013
7
/10
  • Mabel Rush Elementary School

  • 1441 N Deborah Rd

  • 1.00 miles

  • Public District Grades KG-5

school-card-donut-304014
6
/10
  • Joan Austin Elementary School

  • 2200 N Center St

  • 1.32 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,196. Most Newberg, OR residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically 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 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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Rocket Homes›Oregon›Yamhill County›Newberg›97132›1558 E 3rd St

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.

While more than 5 listings in Newberg, OR in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 9 were sold below. The number of listings in Newberg, OR decreased by 2.6% between September 2024 and October 2024. In October 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $493,950.

From Rocket Homes Real Estate and based on county public records data.

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