NOT LISTED FOR SALE

107 Railroad Ave Pajaro, CA 95076

4 Beds
4 Baths
1,539 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: April 12, 2019

Last sale price $510,000 $331 Per Sq Ft

46 Days on Market

About This Home

As of April 2019

RARE OPPORTUNITY TO BUILD SOME SWEAT EQUITY. RENTS ARE LOW AND PROPERTY HAS TREMENDOUS POTENTIAL. PROPERTY HAS SEPARATE GAS AND ELECTRIC METERS.

Last Agent to Sell the Property

Chuck Fischer

El Camino Realty License #00755878 Listed on: 01/21/2019

Last Buyer's Agent

Chuck Fischer

El Camino Realty License #00755878 Listed on: 01/21/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • 1928

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • Off-Site Parking

Home Design

  • 1,539 Sq Ft Home
  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Composition Roof

Utilities

  • No Heating
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $40,800

Community Details

Overview

  • 1,539 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $2,500
  • Maintenance Expense $2,000
  • Manager Expense $3,190
  • Operating Expense $13,092
  • Gross Income $39,984

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Zoning: HDR-20
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1539
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1928

Interior Features

  • Living Sq Ft: 1539

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Off-Site Parking

Utilities

  • Heating System: No Heating
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6970.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6970.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.48
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2500
  • Expense Maintenance: 2000
  • Expense Management: 3190
  • Expenses Total: 13092
  • Income Annual Gross: 39984.00
  • Income Annual Rental: 40800
  • Income Gross Scheduled: 40800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $510,000 -7.3% $331 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $549,950 -- $357 / Sq Ft
Source: MLSListings

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 $8,437 $568,911 $306,766 $262,145
2024 $8,437 $557,756 $300,751 $257,005
2023 $6,590 $546,820 $294,854 $251,966
2022 $6,475 $536,099 $289,073 $247,026
2021 $6,285 $525,588 $283,405 $242,183
2020 $6,031 $520,200 $280,500 $239,700
2019 $5,463 $467,534 $317,461 $150,073
2018 $5,434 $467,534 $317,461 $150,073
2017 $5,402 $458,368 $311,237 $147,131
2016 $3,863 $320,500 $145,000 $175,500
2015 $3,428 $275,500 $100,000 $175,500
2014 $3,526 $285,000 $100,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81735956

MLSListings
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