$225,000
SOLD APR 20, 2012
8 Beds
8 Baths
4,200 Sq Ft
0.26 Acres

Recently Sold

$54 Per Sq Ft

5% Above List Price

50 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Redlands East Valley High School Rated A-
  • Laundry Room
  • 4 Detached Carport Spaces

About This Home

As of April 2012

Fourplex in Redlands in need of cosmetic work, one unit in need of complete rehab, currently two vacant units but with lots of potential for your investors. Property has a four car carport also in need of repairs. Two occupied units are long time tenants and units are maintained in average condition. With some updating this could be a great investment.

Last Agent to Sell the Property

ROBERT MC KERNAN

SAMSONS REALTY License #1811312 Listed on: 01/05/2012

Last Buyer's Agent

ROBERT MC KERNAN

SAMSONS REALTY License #1811312 Listed on: 01/05/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,085

Year Built

  • Built in 1964

Lot Details

  • 0.26 Acre Lot
  • Level Lot

Home Design

  • 4,200 Sq Ft Home
  • Cosmetic Repairs Needed
  • Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Additional Features

  • Dishwasher
  • Laundry Room

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 6904
  • Assessor Parcel Number 0169092080000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $600
  • Trash Expense $560
  • Water Sewer Expense $650
  • New Taxes Expense $3,208
  • Gross Income $2,934
  • Net Operating Income $35,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,085

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • View: No
  • Water Sewer Expenses: 650.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 0169092080000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 53.57

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 560.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 11113.00
  • Lot Size Acres: 0.2600

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 2934.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 600.00
  • Lot Size Area: 11113.0000 Square Feet
  • Net Operating Income: 35200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3208.00
  • Tax Lot: 8
  • Tax Tract Number: 6904
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2019
Sold by
Martin Daniel J and Martin Pamela J
Bought by
Martin Daniel J and Martin Pamela J
Current Estimated Value
$974,633

Purchase Details

Closed on
Oct 5, 2017
Sold by
Martin Daniel J and Martin Pamela J
Bought by
Martin Daniel J and Martin Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Outstanding Balance
$182,964
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$606,508

Purchase Details

Listed on
Jun 29, 2012
Closed on
Aug 10, 2012
Sold by
Martin Daniel J
Bought by
Martin Daniel J and Martin Pamela J
Seller's Agent
ROBERT MC KERNAN
SAMSONS REALTY
Buyer's Agent
ROBERT MC KERNAN
SAMSONS REALTY
Sold Price
$925

Purchase Details

Listed on
Jan 5, 2012
Closed on
Apr 17, 2012
Sold by
Martin Pamela Jo
Bought by
Martin Daniel J
Seller's Agent
ROBERT MC KERNAN
SAMSONS REALTY
Buyer's Agent
ROBERT MC KERNAN
SAMSONS REALTY
List Price
$215,000
Sold Price
$225,000
Premium/Discount to List
$10,000
4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$168,750
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2012
Closed on
Mar 13, 2012
Sold by
Lee Yang Nim
Bought by
Martin Daniel J
Seller's Agent
ROBERT MC KERNAN
SAMSONS REALTY
Buyer's Agent
ROBERT MC KERNAN
SAMSONS REALTY
List Price
$215,000
Sold Price
$225,000
Premium/Discount to List
$10,000
4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2008
Sold by
Lee Yang Nim
Bought by
Lee Yang Nim and Family Trust Of Yang Nim Lee

Purchase Details

Closed on
Apr 3, 2007
Sold by
Ilievski Maryann
Bought by
Lee Yang Nim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
6.14%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 10, 2004
Sold by
Ilievski Ljupco
Bought by
Ilievski Maryann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2000
Sold by
Household Finance Corp Of California
Bought by
Llievski Ljupco and Llievski Maryann

Purchase Details

Closed on
Jan 18, 2000
Sold by
Bolster James
Bought by
Household Finance Corp

Purchase Details

Closed on
Jul 9, 1998
Sold by
Bolster Jill
Bought by
Bolster James
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lsi Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $225,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $570,000 Western Resources Title
Interfamily Deed Transfer -- First American
Grant Deed $165,000 Fidelity National Title
Trustee Deed $139,746 Fidelity Title
Interfamily Deed Transfer -- North American Title Co
Grant Deed $300,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $218,000 New Conventional
Closed $168,750 New Conventional
Previous Owner $28,500 Stand Alone Second
Previous Owner $456,000 New Conventional
Previous Owner $280,000 Purchase Money Mortgage
Previous Owner $131,200 No Value Available
Previous Owner $225,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2016 04/22/16 Rented $950 0.0% --
04/22/2016 04/22/16 Under Contract -- -- --
04/18/2016 04/18/16 For Rent $950 +2.7% --
08/01/2012 08/01/12 Rented $925 0.0% --
07/27/2012 07/27/12 Under Contract -- -- --
06/29/2012 06/29/12 For Rent $925 0.0% --
04/20/2012 04/20/12 Sold $225,000 +4.7% $54 / Sq Ft
02/24/2012 02/24/12 Pending -- -- --
01/05/2012 01/05/12 For Sale $215,000 -- $51 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,085 $343,902 $62,802 $281,100
2024 $4,085 $337,159 $61,571 $275,588
2023 $4,081 $330,548 $60,364 $270,184
2022 $3,542 $284,069 $59,181 $224,888
2021 $3,605 $278,499 $58,021 $220,478
2020 $3,553 $275,643 $57,426 $218,217
2019 $3,456 $270,238 $56,300 $213,938
2018 $3,372 $264,939 $55,196 $209,743
2017 $3,344 $259,744 $54,114 $205,630
2016 $3,308 $254,651 $53,053 $201,598
2015 $3,284 $250,826 $52,256 $198,570
2014 $3,226 $245,912 $51,232 $194,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12012108

California Regional Multiple Listing Service (CRMLS)

APN: 0169-092-08