NOT LISTED FOR SALE

1112 Post St Redlands, CA 92374

North Redlands Neighborhood

Estimated Value: $994,000 - $1,235,000

10 Beds
7 Baths
4,006 Sq Ft
$281/Sq Ft Est. Value

Last Sold December 11, 2012

Last sale price $359,000 $90 Per Sq Ft

Est. 213% increase in value since last sale

Current estimated payment $6,619/month

17 Days on Market

Highlights

  • Laundry Room
  • Citrus Valley High School Rated A
  • Central Heating and Cooling System

About This Home

As of December 2012

Fantastic Income Property with 4 large units. Great cash flow. Unit mix is 3-2, 3-1, 2-2, 2-2. Each has their own private one car garage. There is also an on-site laundry room for additional income. Hoa pays for landscaping maintenance and trash plus common area maintenance...Separate meters for Gas and Electricity. Redlands University, shopping and transportation services nearby. Please do not disturb tenants, drive by only.

Last Agent to Sell the Property

Adam Castaneda

Adam Castaneda, Broker License #01119316 Listed on: 11/14/2012

Last Buyer's Agent

Adam Castaneda

Adam Castaneda, Broker License #01119316 Listed on: 11/14/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,006 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167263080000

Community Details

Overview

  • 4 Units
  • Mt. View HOA, Phone Number (951) 682-5454

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $540
  • Insurance Expense $1,000
  • Other Expense $3,600
  • Pest Control $360
  • Water Sewer Expense $1,900
  • New Taxes Expense $4,550
  • Gross Income $3,470
  • Net Operating Income $27,890

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

HOA Fees

$300 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1900.00
  • Property Type: Residential Income
  • Parcel Number: 0167263080000
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 89.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Association Name: Mt. View HOA
  • Phone: 951 682-5454
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 11919.00
  • Lot Size Acres: 0.2740

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 3470.00
  • Gross Scheduled Income: 41640.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 11919.0000 Square Feet
  • Net Operating Income: 27890.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13750.00
  • Other Expense: 3600.00
  • Other Expense Description: hoa
  • Rent Control: No
  • Total Actual Rent: 3470.00

Tax Info

  • New Taxes Expense: 4550.00
  • Tax Lot: 14
  • Tax Tract Number: 10141
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2012
Closed on
Nov 11, 2012
Sold by
Takyi Yeboah Alexander and Takyi Yeboah Esther
Bought by
Rezayev Vladimir
Seller's Agent
Adam Castaneda
Adam Castaneda, Broker
Buyer's Agent
Adam Castaneda
Adam Castaneda, Broker
List Price
$349,900
Sold Price
$359,000
Premium/Discount to List
$9,100
2.6%
Current Estimated Value
$1,125,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$766,297
Avg. Annual Appreciation
9.13%

Purchase Details

Closed on
Oct 7, 2011
Sold by
Rebate Realty Llc
Bought by
Takyi Yeboah Alexander and Takyi Yeboah Esther

Purchase Details

Closed on
Nov 5, 2010
Sold by
Bhavsar Vipul and Bhavsar Kinnari
Bought by
Rebate Realty Llc

Purchase Details

Closed on
Apr 14, 2010
Sold by
Lawrence & Billie Jean Okeith 2006 Trust
Bought by
Bhavsar Vipul and Bhavsar Kinnari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2006
Sold by
Okeith Lawrence G and Okeith Billie Jean
Bought by
Lawrence & Billie Okeith 2006 Trust

Purchase Details

Closed on
Jun 13, 2006
Sold by
Scott Kimberly
Bought by
Okeith Lawrence G and Okeith Billie Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,800
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2002
Sold by
Aurora Loan Services Inc
Bought by
Scott Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.74%

Purchase Details

Closed on
Mar 26, 2002
Sold by
Delellis Peter J and Delellis Kanita T
Bought by
Aurora Loan Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.74%

Purchase Details

Closed on
Oct 15, 1999
Sold by
Latham Terrence N
Bought by
Ocean Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
8%

Purchase Details

Closed on
Oct 12, 1999
Sold by
Latham Maryla S
Bought by
Latham Terrence N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
8%

Purchase Details

Closed on
Oct 5, 1999
Sold by
Pan American Bank Fsb
Bought by
Latham Terrence N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
8%

Purchase Details

Closed on
Sep 30, 1999
Sold by
Ocean Place Llc
Bought by
Delellis Peter J and Delellis Kanita T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
8%

Purchase Details

Closed on
Sep 17, 1999
Sold by
Loughnane Patrick V
Bought by
Pan American Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
8%

Purchase Details

Closed on
Aug 4, 1997
Sold by
Loughnane Maeve
Bought by
Loughnane Patrick V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
9.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rezayev Vladimir $359,000 Fidelity National Title
Takyi Yeboah Alexander $338,000 Lawyers Title La
Rebate Realty Llc -- None Available
Bhavsar Vipul $300,000 Commonwealth Title Ins
Lawrence & Billie Okeith 2006 Trust -- None Available
Okeith Lawrence G $681,000 Transunion Title & Escrow
Scott Kim $252,000 Equity Title
Aurora Loan Services Inc $260,000 First American Title Co
Ocean Place Llc $200,000 Gateway Title Company
Latham Terrence N -- Chicago Title Co
Latham Terrence N $165,000 Chicago Title Co
Delellis Peter J $335,000 Gateway Title Company
Pan American Bank Fsb $190,275 Chicago Title
Loughnane Patrick V -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhavsar Vipul $225,000
Previous Owner Okeith Lawrence G $544,800
Previous Owner Scott Kim $201,600
Previous Owner Delellis Peter J $251,250
Previous Owner Loughnane Patrick V $221,250
Closed Loughnane Patrick V $14,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2012 12/11/12 Sold $359,000 +2.6% $90 / Sq Ft
12/01/2012 12/01/12 Pending -- -- --
11/14/2012 11/14/12 For Sale $349,900 -- $87 / 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 $5,216 $442,082 $73,885 $368,197
2024 $5,216 $433,413 $72,436 $360,977
2023 $5,210 $424,915 $71,016 $353,899
2022 $5,136 $416,584 $69,624 $346,960
2021 $5,228 $408,416 $68,259 $340,157
2020 $5,152 $404,228 $67,559 $336,669
2019 $5,010 $396,302 $66,234 $330,068
2018 $4,887 $388,531 $64,935 $323,596
2017 $4,846 $380,913 $63,662 $317,251
2016 $4,792 $373,444 $62,414 $311,030
2015 $4,758 $367,834 $61,476 $306,358
2014 $4,673 $360,629 $60,272 $300,357
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Adam Castaneda

    Adam Castaneda, Broker

    (909) 578-2119

    33 Total Sales

    Adam Castaneda
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG12140462

California Regional Multiple Listing Service (CRMLS)

APN: 0167-263-08

California San Bernardino County Redlands 92374 North Redlands

1112 Post St, Redlands, CA

Not Listed for Sale

MultiFamily

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