2900 Crater Lane

Newberg, OR 97132

$799,900
Price
Beds
2,360 Sq. Ft.
$339 / Sq. Ft.
2,360
Sq. Ft.
$339
per Sq. Ft.

Description

Incredible opportunity to own a completely remodeled duplex in the heart of Willamette Valley's Wine Country! A perfect long-term, VRBO/short-term, or potential dual living rental property. Remodeled in 2023, with modern finishes throughout. Desirable single level floor-plan in an established, quiet neighborhood. Each unit offers: 3 bedrooms and 2 bathrooms, 1180 SqFt with a primary suite, laundry, storage & A/C. Both units have an open concept kitchen, dining, living room leading to a covered patio...Incredible opportunity to own a completely remodeled duplex in the heart of Willamette Valley's Wine Country! A perfect long-term, VRBO/short-term, or potential dual living rental property. Remodeled in 2023, with modern finishes throughout. Desirable single level floor-plan in an established, quiet neighborhood. Each unit offers: 3 bedrooms and 2 bathrooms, 1180 SqFt with a primary suite, laundry, storage & A/C. Both units have an open concept kitchen, dining, living room leading to a covered patio with spacious fenced backyard. Attached garage, driveway and plenty street parking. Unit 1 has additional space for an RV parking pad. Low maintenance turf front yard. Ideal location near Buckley park, Chehalem Valley Middle School & minutes to George Fox University. 6 minutes to downtown Newberg shops/eats. BikeScore of 65. Don't miss the opportunity to own this "like new" duplex in a highly desirable location. Fully rented - perfect addition to any portfolio! both units rented at $2,295 & $2,395/mo.
  1. Listed by Marissa Davis • PAC NW Realty Solutions

Property Details for 2900 Crater Lane

Parking Features
Driveway, Garage
Zoning
R-1
Garage Spaces
2.00

Location

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LISTING UPDATED: 04/25/2024 07:36 PM

Property Details for 2900 Crater Lane

StatusPending
MLS #24132319
Days on Market6
Taxes$2,967 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1972
Lot Size0.38 AC / 16,552 SF
CountyYamhill County

Location

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Add your commute

Building Information for 2900 Crater Lane

Stories1Residences2Year Built1972Building Size-Lot Size0.38 AC / 16,552 SF

Payment Calculator

$4,613 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,365

Property Taxes

$247

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2900 Crater Lane

Summary
Location and General Information
  • Country: US
  • Directions: N Springbrook St, E on Mountainview Dr, R on N College St, L on E Edgewood Dr, L on Crater Ln
  • Road Surface: Paved
School Information
  • Elementary School: Antonia Crater
  • High School: Newberg
  • Middle Or Junior School: Chehalem Valley
Taxes and HOA
  • Management Name: Atlas Property Management
  • Management Phone: 971-808-9358
  • Tax Year: 2023
  • Tax Annual Amount: $2,966.57
  • Parcel Number: 23851
  • Tax Legal Description: Township 3S, Range 2W, Section 07, Tax Lot 03202
Property
Lot Information
  • Acres: 0.38
  • Lot Description: Level
  • Lot Size Square Feet: 16552.0
  • Lot Size Range: Sq Ft15000to19999
  • Lot Size: 15,000 to 19,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1972
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Electricity
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $56,280.00
  • Gross Rent Multiplier: $14.21
  • Investor Information: Annual Property Operation Data, Leases, Profit Loss Statement, Rent Records
  • Net Income Actual: $42,542.00
  • Operating Expense: $12,213.00
  • Storage: Attic, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 2360
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Air Conditioning, Dishwasher, Disposal, Refrigerator
  • Unit Type 1 Rent: $2,295
  • Unit Type 1 SqFt: 1180.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Air Conditioning, Refrigerator, Washer Dryer, Window Coverings
  • Unit Type 2 Rent: $2,395
  • Unit Type 2 SqFt: 1180.0
  • Unit Type 2 Units Total: 1

Property History for 2900 Crater Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2900 Crater Lane

Taxable ValueLand-Additions-Total-
Tax Record2023$2,967 ($247 / month)
Home Facts
Baths2Total Finished SqFt2,000 SqFtAbove Grade Finished SqFt2,000 SqFtLot Size16,553 SqFtStyleDuplexYear Built1972ZoningR1CountyYAMHILLAPNR3207 03201Fireplace TypeHas Fireplace

Schools near 2900 Crater Lane

This home is within Newberg School District 29j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 12
Rating
School
Distance
Antonia Crater Elementary School
PublicK to 5

Chehalem Valley Middle School
Public6 to 8

Newberg Senior High School
Public9 to 12

Veritas School
PrivateK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PAC NW Realty Solutions

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