NOT LISTED FOR SALE

Estimated Value: $727,000 - $1,130,000

6 Beds
3 Baths
3,280 Sq Ft
$277/Sq Ft Est. Value

Last Sold July 23, 2015

Last sale price $397,000 $121 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $5,208/month

81 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Corner Lot
  • High Efficiency Air Conditioning
  • Redlands East Valley High School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of July 2015

TRIPLEX. EACH UNIT HAS 2 BEDROOMS 1.75 BATHS AND EACH UNIT IS ALLOWED 1 GARAGE. THIS PROPERTY IS FULLY REHABBED INCLUDING NEW PAINT ,CARPET, LAMINATE FLORING, NEW GRANITE IN KITHEN WITH REMDELED CABINET, NEW WINDOWS AND NEW EXTERIOR PAINT. UNITS ARE FULLY RENTED.PROPERTY IS LOCATED NEAR UNIVERSITY OF REDLAND AND NEAR FREEWAY ACCESS.

Last Agent to Sell the Property

GLORIA MARTINEZ

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #01189195 Listed on: 03/13/2015

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Last Buyer's Agent

Emily Lewis

Jessica Pugh, Broker License #01785541

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,302 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,280 Sq Ft Home
  • Property Attached
  • Composition Roof

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Utilities

  • High Efficiency Air Conditioning
  • SEER Rated 16+ Air Conditioning Units
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 6904
  • Assessor Parcel Number 0169092060000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $1,100
  • Professional Management Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $2,100
  • New Taxes Expense $3
  • Gross Income $2,600
  • Net Operating Income $21,405

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Parcel Number: 0169092060000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet
  • Levels: One
  • Price Per Square Foot: 121.04
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Energy Star Qualified Equipment, High Efficiency, Seer Rated 16+
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 10302.00
  • Price Per Lot Square Foot: 38.54
  • Lot Size Acres: 0.2370

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 1050
  • Average2 Bed Area: 1050
  • Average3 Bed Area: 1050
  • Electric Expense: 300.00
  • Gross Income: 2600.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 10302.0000 Square Feet
  • Net Operating Income: 21405.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 9795.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3.00
  • Tax Lot: 6
  • Tax Tract Number: 6904
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2015
Sold by
Lee Jing and Lam Miao
Bought by
The Leelam Family Revocable Trust
Current Estimated Value
$909,120

Purchase Details

Listed on
Mar 13, 2015
Closed on
Jun 25, 2015
Sold by
Sol Investments & Solutions Inc
Bought by
Lee Jing Wei and Lam Miao Yuan
Seller's Agent
GLORIA MARTINEZ
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Buyer's Agent
Emily Lewis
Jessica Pugh, Broker
List Price
$399,900
Sold Price
$397,000
Premium/Discount to List
-$2,900
-0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$297,750
Outstanding Balance
$114,211
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$794,909

Purchase Details

Listed on
Jan 5, 2015
Closed on
Dec 15, 2014
Sold by
Victorio Alma
Bought by
Sol Investments & Solutions Inc
Seller's Agent
Tess Marquez
Century 21 Masters
Buyer's Agent
GLORIA MARTINEZ
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
List Price
$428,000
Sold Price
$300,000
Premium/Discount to List
-$128,000
-29.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.42%
Original Mortgage
$260,000
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 27, 2007
Sold by
Victorio Arnel Dechavez
Bought by
Victorio Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2007
Sold by
Yang Ke Cheng
Bought by
Victorio Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2005
Sold by
Dang Hank and Dang Judy
Bought by
Yang Ke Cheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2005
Sold by
Nagel David Gerard and Nagel Adriana
Bought by
Dang Hank and Dang Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 17, 2004
Sold by
Harrington Steve and Harrington Tammi
Bought by
Nagel David Gerald and Nagel Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2003
Sold by
Charnee Llc
Bought by
Harrington Steve and Harrington Tammi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,600
Interest Rate
5.6%

Purchase Details

Closed on
Jun 14, 2001
Sold by
Household Finance Corp Of California
Bought by
Roberts Daniel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.21%

Purchase Details

Closed on
Feb 15, 2001
Sold by
Ku Jose Alberto
Bought by
Household Finance Corp Of California

Purchase Details

Closed on
Apr 26, 1999
Sold by
Ku Jose Alberto
Bought by
Kumar Industries Llc

Purchase Details

Closed on
Jul 9, 1998
Sold by
Ku Consuelo
Bought by
Ku Jose Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8.49%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
The Leelam Family Revocable Trust -- None Available
Lee Jing Wei $397,000 Orange Coast Title Co Socal
Sol Investments & Solutions Inc $300,000 Orange Coast Title Company
Victorio Alma -- Orange Coast Title
Victorio Alma $510,000 Orange Coast Title
Yang Ke Cheng $508,000 United Independent Title
Dang Hank $450,000 Investors Title
Nagel David Gerard -- Investors Title
Nagel David Gerald $355,000 First Southwestern
Harrington Steve $229,500 Fidelity National Title
Charnee Llc -- Fidelity National Title
Roberts Daniel P $145,000 New Century Title Company
Household Finance Corp Of California $141,000 Fidelity National Title
Kumar Industries Llc -- --
Ku Jose Alberto -- North American Title Co
Ku Jose Alberto $225,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Jing Wei $297,750
Previous Owner Sol Investments & Solutions Inc $260,000
Previous Owner Victorio Alma $408,000
Previous Owner Yang Ke Cheng $381,000
Previous Owner Dang Hank $337,500
Previous Owner Nagel David Gerald $319,500
Previous Owner Harrington Steve $160,600
Previous Owner Roberts Daniel P $116,000
Previous Owner Ku Jose Alberto $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/23/2015 07/23/15 Sold $397,000 -0.7% $121 / Sq Ft
06/02/2015 06/02/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $399,900 +33.3% $122 / Sq Ft
01/05/2015 01/05/15 Sold $300,000 -29.9% $91 / Sq Ft View Prior Sale
12/05/2014 12/05/14 Pending -- -- --
03/17/2014 03/17/14 For Sale $428,000 +137.8% $130 / Sq Ft
04/06/2012 04/06/12 Sold $180,000 0.0% $55 / Sq Ft View Prior Sale
01/06/2012 01/06/12 Pending -- -- --
10/24/2011 10/24/11 For Sale $180,000 -- $55 / 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 $5,507 $469,968 $88,785 $381,183
2024 $5,507 $460,753 $87,044 $373,709
2023 $5,501 $451,718 $85,337 $366,381
2022 $5,422 $442,861 $83,664 $359,197
2021 $5,521 $434,178 $82,024 $352,154
2020 $5,439 $429,726 $81,183 $348,543
2019 $5,288 $421,300 $79,591 $341,709
2018 $5,157 $413,039 $78,030 $335,009
2017 $5,114 $404,940 $76,500 $328,440
2016 $5,057 $397,000 $75,000 $322,000
2015 $4,637 $360,600 $94,900 $265,700
2014 -- $313,500 $82,500 $231,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15053185

California Regional Multiple Listing Service (CRMLS)

APN: 0169-092-06