NOT LISTED FOR SALE

1025 Vine St Paso Robles, CA 93446

Estimated Value: $970,000 - $1,209,000

8 Beds
4 Baths
3,544 Sq Ft
$318/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $678,000 $191 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,640/month

70 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Paso Robles High School Rated A-
  • Central Vacuum

About This Home

As of December 2015

Marketing Remarks: Cash Flow in Downtown Paso! Owner may carry with great down payment! Zoned T-3F. Strong downtown Paso investment that is a definitely a buy and hold with new and recently approved developments populating downtown Paso Robles. Four 2 bedroom / 1 bath units with 1-car garages. Two units are two-story & two units are single level. Washer/dryer hookups are in each garage. All tenants are on month-to-month tenancies and there is ample room to raise current rents to reach market. Two year old roof. A+ Location within a short walk to city park and city hall, restaurants, shops, movie theater, art gallery, museum and newly- built and future developments, including the highly anticipated Pine Street Promenade. City Park holds festivals, concerts, movies, a farmer's market and more. As is customary in multi-family, the interior of the units cannot be shown until the inspection period after an accepted offer. Expenses shown include new taxes.

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 09/04/2015

Last Buyer's Agent

Mark Hazell

Home & Ranch Sotheby's Intl License #01831517

Home & Ranch Sotheby's Intl

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,000

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 3,544 Sq Ft Home
  • Central Vacuum

Parking

  • Parking Available
  • On-Site Parking

Additional Features

  • 7,000 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 4 Units
  • Net Operating Income $37,270

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 009092008

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Subdivision Name Other: PR City Limits West(120)
  • Property Type: Residential Income
  • Parcel Number: 009092008
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Vacuum Central
  • Levels: Two
  • Price Per Square Foot: 191.31

Exterior Features

  • Foundation: Block
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Heating Type: Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 0.1600 Acres
  • Net Operating Income: 37270.00
  • Number Of Units Total: 4
  • Operating Expense: 14570.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2015
Closed on
Dec 17, 2015
Sold by
Mccloskey Yeva
Bought by
Mccloskey Dennis Keith
Seller's Agent
Guy Torelli
Torelli Investment Realty
Buyer's Agent
Mark Hazell
Home & Ranch Sotheby's Intl
List Price
$745,000
Sold Price
$678,000
Premium/Discount to List
-$67,000
-8.99%
Current Estimated Value
$1,128,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,078
Avg. Annual Appreciation
5.22%
Original Mortgage
$478,000
Outstanding Balance
$379,147
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$748,931

Purchase Details

Listed on
Sep 4, 2015
Closed on
Nov 22, 2015
Sold by
Woodland Richard J
Bought by
Lanyi William and Lanyi Kelley
Seller's Agent
Guy Torelli
Torelli Investment Realty
Buyer's Agent
Mark Hazell
Home & Ranch Sotheby's Intl
List Price
$745,000
Sold Price
$678,000
Premium/Discount to List
-$67,000
-8.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,000
Outstanding Balance
$379,147
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$748,931

Purchase Details

Closed on
Apr 29, 2015
Sold by
Mayfield Tracy Roy
Bought by
Woodland Jeanette and Mayfield Jeanette

Purchase Details

Closed on
Feb 10, 2015
Sold by
Woodland Richard J and Covert Claudia
Bought by
Woodland Richard J

Purchase Details

Closed on
Jul 2, 1999
Sold by
Bickell Cliff O and Bickell Susan I
Bought by
Woodland Richard J and Woodland Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.56%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Mccloskey Dennis Keith -- First American Title Company
Lanyi William $678,000 First American Title Company
Woodland Jeanette -- None Available
Woodland Richard J -- Public
Woodland Richard J $250,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccloskey Dennis Keith $478,000
Previous Owner Woodland Richard J $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2015 12/29/15 Sold $678,000 -9.0% $191 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $745,000 -- $210 / 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 $8,748 $802,606 $355,136 $447,470
2024 $8,605 $786,870 $348,173 $438,697
2023 $8,605 $771,443 $341,347 $430,096
2022 $8,477 $756,317 $334,654 $421,663
2021 $8,749 $741,489 $328,093 $413,396
2020 $8,219 $733,887 $324,729 $409,158
2019 $8,103 $719,498 $318,362 $401,136
2018 $7,993 $705,391 $312,120 $393,271
2017 $7,516 $691,560 $306,000 $385,560
2016 $7,368 $678,000 $300,000 $378,000
2015 $3,514 $319,701 $57,542 $262,159
2014 $3,392 $313,439 $56,415 $257,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1059067

California Regional Multiple Listing Service (CRMLS)

APN: 009-092-008