NOT LISTED FOR SALE
7 Beds
4 Baths
3,660 Sq Ft
6,634 Sq Ft Lot

Sale Details

Date Sold: November 24, 2021

Last sale price $1,742,500 $476 Per Sq Ft

10 Days on Market

Highlights

  • Granite Countertops
  • Balcony
  • Courtyard
  • Independence High School Rated A-
  • Tile Flooring

About This Home

As of November 2021

EXCELLENT OPPORTUNITY TO ACQUIRE INVESTMENT PROPERTY - SECT 8 TENANTS * THIS BUILDING HAS 100% OCCUPANCY, FRESHLY PAINTED EXTERIOR, UPPER UNITS HAVE BALCONIES* PRIVATE SECURITY SCREEN DOORS ON EACH UNIT, WELL MAINTAINED COURTYARD, DECORATIVE ROCK, WHITE PICKET FENCE* EXTERIOR WATER HEATER CLOSET, ASSIGNED PARKING SPACES, OWNER PAYS GARBAGE, SEWER, WATER, WATER HEATER (GAS), ELECTRICITY (EXTERIOR LIGHTING), TENANT PAYS FOR PGE -INDIVIDUAL METERS PER UNIT * DON'T PASS UP THIS PROPERTY, PERFECT FOR 1031 EXCHANGE* CALL FOR APPOINTMENT TO VIEW!

Last Agent to Sell the Property

Anne Culbertson

Legacy Real Estate & Associates License #01091626 Listed on: 10/16/2021

Legacy Real Estate & Associates

Co-Listed By

Debbie Rossetto

Legacy Real Estate & Associates License #00985361

Last Buyer's Agent

Larry Giang

KW Silicon City License #01488340

KW Silicon City
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,634

Home Design

  • Quadruplex

Interior Spaces

  • 3,660 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Gas Oven
  • Granite Countertops
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 1 Parking Space
  • Assigned Parking

Additional Features

  • Balcony
  • 6,634 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $132,804

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 5 Leased Units
  • Gardener Expense $900
  • Insurance Expense $1,631
  • Maintenance Expense $2,400
  • Manager Expense $11,952
  • Utility Expense $2,368
  • Trash Expense $1,828
  • Operating Expense $29,182
  • Gross Income $127,492

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

6,634 Sq Ft Lot

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3660
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Countertop - Granite, Countertop - Tile, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3660
  • Stories: 2
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Yard/Grounds: Balcony / Patio, Courtyard

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 246

Lot Info

  • Lot Acres: 0.1523
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6636.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6636.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 12.24
  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1631
  • Expense Landscape: 900
  • Expense Maintenance: 2400
  • Expense Management: 11952
  • Expenses Total: 29182
  • Expenses Utility: 2368
  • Expense Trash: 1828
  • Income Annual Gross: 127492.00
  • Income Annual Rental: 132804
  • Income Gross Scheduled: 132804
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Management, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
Bought by

Purchase Details

Listed on
Oct 16, 2021
Closed on
Nov 22, 2021
Sold by
Bought by
Seller's Agent
Anne Culbertson
Legacy Real Estate & Associates
Buyer's Agent
Larry Giang
KW Silicon City
List Price
$1,625,000
Sold Price
$1,742,500
Premium/Discount to List
$117,500
7.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,112,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2021
Closed on
Nov 19, 2021
Sold by
Bought by
Seller's Agent
Anne Culbertson
Legacy Real Estate & Associates
Buyer's Agent
Larry Giang
KW Silicon City
List Price
$1,625,000
Sold Price
$1,742,500
Premium/Discount to List
$117,500
7.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,112,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,272
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,061
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
6.88%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Chicago Title
$1,742,500 Chicago Title
-- Chicago Title
-- Radian Settlement Svcs Inc
-- None Available
-- Entitle Insurance
-- Entitle Insurance
-- None Available
-- Linear Title & Closing Sim
-- None Available
-- Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,112,000
Previous Owner $602,272
Previous Owner $602,061
Previous Owner $317,000
Previous Owner $304,000
Previous Owner $359,650
Previous Owner $375,000
Previous Owner $322,700
Previous Owner $300,700
Previous Owner $253,000
Previous Owner $222,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/24/2021 11/24/21 Sold $1,742,500 +7.2% $476 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/16/2021 10/16/21 For Sale $1,625,000 -- $444 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $25,999 $1,886,136 $1,491,050 $395,086
2025 $25,513 $1,849,154 $1,461,814 $387,340
2024 $25,513 $1,812,897 $1,433,151 $379,746
2023 $25,059 $1,777,350 $1,405,050 $372,300
2022 $24,607 $1,742,500 $1,377,500 $365,000
2021 $8,181 $484,390 $195,454 $288,936
2020 $8,103 $479,424 $193,450 $285,974
2019 $7,900 $470,024 $189,657 $280,367
2018 $7,799 $460,809 $185,939 $274,870
2017 $7,811 $451,775 $182,294 $269,481
2016 $7,367 $442,918 $178,720 $264,198
2015 $7,324 $436,266 $176,036 $260,230
2014 $7,039 $427,721 $172,588 $255,133
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81867126

MLSListings

APN: 481-37-031

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