NOT LISTED FOR SALE

Estimated Value: $865,463 - $1,120,000

9 Beds
7 Baths
4,006 Sq Ft
$261/Sq Ft Est. Value

Last Sold February 26, 2015

Last sale price $500,000 $125 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $6,559/month

28 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Laundry Room
  • Citrus Valley High School Rated A
  • Neighborhood Views
  • Central Heating and Cooling System

About This Home

As of February 2015

Just a couple of Blocks from Redlands University, Nice 4 Plex and well maintained. Unit A has just been up graded and is now ready to lease and should lease out for $1,300 to $1,400 per month. Two 2 bed and 2 bath units $875 per month each and One 2 bed 1 bth $875+. There is room to increase the rents. Each unit has a garage and You have a pay laundry room for additional income of $125 per-month. Expenses are $680 per month plus property taxes.

Last Agent to Sell the Property

Kenneth Patterson

KELLER WILLIAMS REALTY License #00774852 Listed on: 01/29/2015

KELLER WILLIAMS REALTY

Last Buyer's Agent

Mike Nijjar

MZ BROKERAGE INC. License #00578160

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,808

Year Built

  • Built in 1985

Lot Details

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

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,006 Sq Ft Home
  • Blinds
  • Family Room with Fireplace
  • Neighborhood Views
  • Free-Standing Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs, trash collection
  • Assessor Parcel Number 0167271470000

Community Details

Overview

  • 4 Units
  • Greenbelt

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Other Expense $3,600
  • Water Sewer Expense $4,200
  • New Taxes Expense $7,000
  • Gross Income $125
  • Net Operating Income $30,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,808

Year Built

Built in 1985

Lot Details

0

HOA Fees

$300 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • View: Yes
  • Water Sewer Expenses: 4200.00
  • Zoning: r-3
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 0167271470000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 124.81
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Phone Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Monthly
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre, Greenbelt, Level, Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 12000.00
  • Lot Size Acres: 0.2750

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs, Trash Collection

Multi Family

  • Gross Income: 125.00
  • Gross Scheduled Income: 47600.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 12000.0000 Square Feet
  • Net Operating Income: 30200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Operating Expense: 17400.00
  • Other Expense: 3600.00
  • Other Expense Description: HOA
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2016
Sold by
Cobra 28 No 7 Lp
Bought by
Bk17 Homes Llc
Current Estimated Value
$1,044,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,309
Outstanding Balance
$161,071
Interest Rate
3.54%
Mortgage Type
Unknown
Estimated Equity
$883,546

Purchase Details

Listed on
Jan 29, 2015
Closed on
Feb 3, 2015
Sold by
Arce Tanuvasa Properties Inc
Bought by
Dobra 28 #7 Lp
Seller's Agent
Kenneth Patterson
KELLER WILLIAMS REALTY
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%

Purchase Details

Closed on
Jun 19, 2006
Sold by
Martin Arce Properties Inc
Bought by
Arce Tanuvasa Properties Inc

Purchase Details

Closed on
Jun 27, 2005
Sold by
Jensen Megan B
Bought by
Jensen Grant J

Purchase Details

Closed on
May 18, 2005
Sold by
Sparticus 5 Llc
Bought by
Martin Arce Properties Inc

Purchase Details

Closed on
May 17, 2005
Sold by
Jensen Grant J
Bought by
Sparticus 5 Llc

Purchase Details

Closed on
Oct 10, 2002
Sold by
State Street Bank & Trust Company
Bought by
Jensen Grant J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.87%

Purchase Details

Closed on
Sep 20, 2002
Sold by
Lynn Eugene Jr Dr John and Lynn Eugene Karyl
Bought by
State Street Bank & Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.87%

Purchase Details

Closed on
Jul 16, 1999
Sold by
Ocean Place Llc
Bought by
Lynn Eugene Dr John and Lynn Eugene Karyl

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
7.51%

Purchase Details

Closed on
Jun 8, 1999
Sold by
First National Bank Of Chicago
Bought by
Oceanplace 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
7.51%

Purchase Details

Closed on
Feb 11, 1999
Sold by
Smith Rico L
Bought by
First National Bank Of Chicago

Purchase Details

Closed on
May 15, 1997
Sold by
Granite Five Llc
Bought by
Harris Carl

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
8.45%

Purchase Details

Closed on
Apr 15, 1997
Sold by
Smith Natasha K
Bought by
Smith Rico L

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
8.45%

Purchase Details

Closed on
Apr 13, 1997
Sold by
Harris Carl
Bought by
Smith Rico L

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
8.45%

Purchase Details

Closed on
Aug 28, 1992
Sold by
Exxcel Apartments Inc
Bought by
Powerscourt Partners #3A Ltd and Powerscourt Partners #4 Ltd
Source: Public Records

Range of Values:

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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
Bk17 Homes Llc $500,000 None Available
Dobra 28 #7 Lp $500,000 Orange Coast Title
Arce Tanuvasa Properties Inc -- None Available
Jensen Grant J -- Fidelity National Title Co
Martin Arce Properties Inc $640,000 Fidelity National Title Co
Sparticus 5 Llc -- Fidelity National Title Co
Jensen Grant J $280,000 Lawyers Title Company
State Street Bank & Trust Company $229,410 Chicago Title Co
Lynn Eugene Dr John $335,000 Gateway Title Company
Oceanplace Llc $170,000 First American Title Ins Co
First National Bank Of Chicago $235,943 Chicago Title Co
Harris Carl -- American Title
Smith Rico L -- American Title Ins Co
Smith Rico L $295,000 American Title
Powerscourt Partners #3A Ltd -- --
Exxcel Apartments Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bk17 Homes Llc $198,309
Open Bk17 Homes Llc $308,505
Previous Owner Jensen Grant J $252,000
Previous Owner Lynn Eugene Dr John $251,250
Previous Owner Smith Rico L $221,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2015 02/26/15 Sold $500,000 -4.8% $125 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $525,000 -- $131 / 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 $6,808 $580,292 $191,496 $388,796
2024 $6,808 $568,914 $187,741 $381,173
2023 $6,800 $557,759 $184,060 $373,699
2022 $6,702 $546,823 $180,451 $366,372
2021 $6,824 $536,101 $176,913 $359,188
2020 $6,723 $530,604 $175,099 $355,505
2019 $6,537 $520,200 $171,666 $348,534
2018 $6,375 $510,000 $168,300 $341,700
2017 $6,322 $500,000 $165,000 $335,000
2016 $6,470 $507,625 $121,830 $385,795
2015 $9,720 $761,837 $102,336 $659,501
2014 $9,545 $746,913 $100,331 $646,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15019912

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-47