$700,000
SOLD JAN 3, 2025

10750 Sheep Creek Rd Phelan, CA 92371

6 Beds
4 Baths
5,879 Sq Ft
2.5 Acres

Recently Sold

$119 Per Sq Ft

10% Below List Price

20 Days on Market

Highlights

  • 2.5 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Cooling System Powered By Gas
  • Forced Air Heating System

About This Home

As of January 2025

Best Opportunity! This is commercial / Residential property, Retail business and 2 Houses on a main thoroughfare through town... Live in one, Rent one, run your Business in the last one which was a Retail business for Feed and Propane. Opportunity abounds. Can be a wonderful income producing property. All out buildings remain with the property Call for terms Has been a Feed Store may years. Mix use with county. Buyer to verify use as well Additional vacant lot to the west next door also available is apx 2.5 acres. Don't miss it !

Last Agent to Sell the Property

Jihui Luo

Realty ONE Group West Brokerage Phone: 951-398-8823 License #01935026 Listed on: 11/20/2024

Realty ONE Group West

Last Buyer's Agent

Jihui Luo

Realty ONE Group West Brokerage Phone: 951-398-8823 License #01935026 Listed on: 11/20/2024

Realty ONE Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,625

Year Built

  • Built in 1962

Lot Details

  • 2.5 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 5,879 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Tract Number 91
  • Assessor Parcel Number 3069231160000

Community Details

Overview

  • 5,879 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,160
  • Fuel Expense $360
  • Insurance Expense $3,300
  • Trash Expense $5,472
  • Water Sewer Expense $1,200
  • Operating Expense $12,492
  • Gross Income $100,000
  • Net Operating Income $70,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,625

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 260000
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: PH/RL
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 3069231160000
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 119.07
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Septic Type Unknown
  • Trash Expense: 5472.00
  • Water Source: Public
  • Cooling: Electric, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 108900.00
  • Lot Size Acres: 2.5000

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 2160.00
  • Fuel Expense: 360.00
  • Gross Income: 100000.00
  • Gross Scheduled Income: 100000.00
  • Insurance Expense: 3300.00
  • Lot Size Area: 108900.0000 Square Feet
  • Net Operating Income: 70000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Rent Control: No
  • Total Expenses: 12492.00

Tax Info

  • Tax Census Tract: 91.23
  • Tax Tract Number: 91.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2024
Closed on
Dec 17, 2024
Sold by
Fale Ni
Bought by
Murphy Mike Ray and Murphy Gail Elaine
Seller's Agent
Jihui Luo
Realty ONE Group West
Buyer's Agent
Jihui Luo
Realty ONE Group West
List Price
$780,000
Sold Price
$700,000
Premium/Discount to List
-$80,000
-10.26%
Total Days on Market
20
Views
59
Current Estimated Value
$760,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,959

Purchase Details

Closed on
Apr 14, 2022
Sold by
Feng Dong Yan
Bought by
Ni Fale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,500
Interest Rate
4.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 19, 2020
Sold by
Pitts Curtis and Pitts Wendy N
Bought by
Hoover Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 2014
Sold by
Burt Charles W and Burt Lisa R
Bought by
Pitts Curtis and Pitts Wendy N

Purchase Details

Closed on
Feb 10, 2014
Sold by
Rothschild Bernard
Bought by
Burt Charles W and Burt Lisa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 15, 1997
Sold by
Miller John
Bought by
Rothschild Bernard
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
Grant Deed $700,000 First American Title
Grant Deed $700,000 First American Title
Deed -- First American Title
Grant Deed $790,000 First American Title
Grant Deed $250,000 Fidelity National Title Co
Grant Deed -- None Available
Grant Deed $300,000 North American Title Company
Deed In Lieu Of Foreclosure -- United Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $513,500 Seller Take Back
Previous Owner $125,000 Commercial
Previous Owner $250,000 New Conventional
Previous Owner $100,000 Unknown
Previous Owner $250,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $700,000 0.0% $119 / Sq Ft
01/03/2025 01/03/25 Sold $700,000 -10.3% $119 / Sq Ft
01/03/2025 01/03/25 For Sale $780,000 0.0% $133 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
12/10/2024 12/10/24 Pending -- -- --
11/20/2024 11/20/24 For Sale $780,000 -2.5% $133 / Sq Ft
10/31/2024 10/31/24 For Sale $800,000 -- $136 / 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
2024 $8,625 $782,381 $39,535 $742,846
2023 $8,527 $767,040 $38,760 $728,280
2022 $3,012 $257,642 $41,222 $216,420
2021 $2,955 $252,590 $40,414 $212,176
2020 $3,060 $263,409 $39,230 $224,179
2019 $3,000 $258,244 $38,461 $219,783
2018 $2,787 $253,181 $37,707 $215,474
2017 $2,737 $248,217 $36,968 $211,249
2016 $2,678 $243,350 $36,243 $207,107
2015 $2,799 $239,695 $35,699 $203,996
2014 $1,631 $132,860 $19,931 $112,929
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24238043

California Regional Multiple Listing Service (CRMLS)

APN: 3069-231-16