NOT LISTED FOR SALE

Estimated Value: $633,000 - $787,841

8 Beds
4 Baths
3,728 Sq Ft
$195/Sq Ft Est. Value

Last Sold August 29, 2023

Last sale price $775,000 $208 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,840/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • Ceiling Fan
  • No HOA
  • Landscaped
  • Coin Laundry

About This Home

As of August 2023

Investment Income Property - Fully rented fourplex with 2 bedroom units and many improvements. NEWER (2023) roof and gutters, stove in #1, vanity and medicine cabinet in #1 and #2, plus bathroom floor in #2. NEWER (2021) washer. NEWER (2020) windows and water heater. NEWER (2017) kitchen cabinets, granite slab counters, hood, disposal, sink and faucet in all 4 units plus a rebuilt garbage enclosure. Community laundry room with owned coin machines. One bedroom in each unit has a walk-in closet. Long-term tenants for at least 9 years. No HOA. Located close to transportation, shopping and Hwy 50.

Last Listed By

Brent Allee

Keller Williams Realty License #01327767 Listed on: 08/03/2023

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,286

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 10,058 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco
  • Stone

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Window Screens

Kitchen

  • Free-Standing Gas Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Wall Furnace
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • Property is located within a water district
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 058-0241-026-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,286

Year Built

Built in 1963 | Remodeled

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1963
  • Architectural Style: Contemporary
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range, Free Standing Refrigerator, Disposal
  • Flooring: Carpet, Laminate, Vinyl, Varies by Unit
  • Price Per Square Foot: 202.46
  • Window Features: Dual Pane Full, Window Coverings, Window Screens, Varies by Unit

Exterior Features

  • Construction Materials: Stone, Stucco, Frame
  • Foundation: Slab
  • Listing Price: 759000.00
  • Lot Features: Landscape Front
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Topography: Level

Garage/Parking

  • Open Parking Spaces: 5.00
  • Parking Features: Uncovered
  • Total Parking Spaces: 5.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Sewer Connected
  • Utilities: Natural Gas Connected, Cable Connected, Electric
  • Cooling: Ceiling Fan(s), Wall Unit(s), Window Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace, Natural Gas
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Owned
  • Water Source: Water District, Meter on Site, Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning Description: HDR
  • Irrigation: None
  • Lot Size Acres: 0.2309
  • Lot Size Sq Ft: 10058.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Month To Month
  • Owner Occupied Units: 4
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only,Laundry
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None
  • Two Bedrooms Occupied: 4

Tax Info

  • Assessor Parcel Number: 058-0241-026-0000
  • Bonds/Assessments/Taxes Description: Transfer Tax County,Local Assessments
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Aug 24, 2023
Sold by
Dharmalingham Kunalan
Bought by
Sunrise Auto Village Llc
Seller's Agent
Brent Allee
Keller Williams Realty
Buyer's Agent
Jim Amen
Amen Real Estate
List Price
$759,000
Sold Price
$775,000
Premium/Discount to List
$16,000
2.11%
Total Days on Market
9
Views
75
Current Estimated Value
$726,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,540
Avg. Annual Appreciation
-3.63%

Purchase Details

Closed on
Sep 24, 2008
Sold by
Aurora Loan Services Llc
Bought by
Dharmalingham Kunalan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,780
Interest Rate
5.77%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2008
Sold by
Samuel Abraham and Samuel Romeal
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 17, 2004
Sold by
Ram Madhu and Ram Sadhna
Bought by
Samuel Abraham and Samuel Romeal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2004
Sold by
Varakin Walter A and Varakin Genevieve
Bought by
Ram Madhu and Ram Sadhna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

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 Buyer Sale Price Title Company
Sunrise Auto Village Llc $775,000 Fidelity National Title Compan
Dharmalingham Kunalan $258,000 Lsi Title Company Ca
Aurora Loan Services Llc $381,524 Accommodation
Samuel Abraham $778,000 Fidelity National Title Co
Ram Madhu $2,952,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dharmalingharn Kunalan $226,700
Previous Owner Dharmalingham Kunalan $230,250
Previous Owner Dharmalingham Kunalan $248,188
Previous Owner Dharmalingham Kunalan $257,586
Previous Owner Dharmalingham Kunalan $253,780
Previous Owner Samuel Abraham $94,000
Previous Owner Samuel Abraham $400,000
Previous Owner Ram Madhu $3,000,000
Closed Samuel Abraham $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2023 08/29/23 Sold $775,000 +2.1% $208 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $759,000 -- $204 / Sq Ft
Source: MetroList

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 $9,286 $775,000 $300,700 $474,300
2023 $3,972 $319,327 $123,768 $195,559
2022 $3,918 $313,067 $121,342 $191,725
2021 $3,841 $306,929 $118,963 $187,966
2020 $3,814 $303,783 $117,744 $186,039
2019 $3,752 $297,828 $115,436 $182,392
2018 $3,655 $291,989 $113,173 $178,816
2017 $3,563 $286,264 $110,954 $175,310
2016 $3,445 $280,652 $108,779 $171,873
2015 $3,028 $255,387 $60,091 $195,296
2014 $3,077 $238,680 $56,160 $182,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 223033537

MetroList

APN: 058-0241-026