NOT LISTED FOR SALE

Estimated Value: $1,034,328 - $1,235,000

10 Beds
7 Baths
3,880 Sq Ft
$288/Sq Ft Est. Value

Last Sold November 26, 2018

Last sale price $650,000 $168 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $7,352/month

56 Days on Market

Highlights

  • Cooling Available
  • Partially Fenced Property
  • Air Source Heat Pump
  • Citrus Valley High School Rated A

About This Home

As of November 2018

Four Plex investment opportunity with all units fully occupied. Additional upside potential with building improvements. This Mountain View Apartment offers a lower front 3 bed/2 bath unit with fireplace, laundry hookup on patio & sizable fenced yard. One upper 3 bed/1 bath unit with balcony. Plus two additional 2 bed/2 bath units. Convenient on-site laundry room & 4 one car garages with 4 reserved spaces. Most windows have been updated to vinyl dual pane & the water heater was recently replaced. Neighborhoods: Redlands Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: A Unit # for Unit 2: B Unit # for Unit 3: C Unit # for Unit 4: D Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Terry Kreissig

Coastline Real Estate Group License #01790973 Listed on: 08/06/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,256

Year Built

  • Built in 1985

Lot Details

  • 0.27

HOA Fees

  • $360 Monthly HOA Fees

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 0167271540000

Community Details

Overview

  • 4 Units
  • Mountain View

Building Details

  • Net Operating Income $33,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,256

Year Built

Built in 1985

Lot Details

0

HOA Fees

$360 per month

Listing Details

  • Park Name: Mountain View
  • Subdivision Name Other: Out Of Area
  • Property Type: Residential Income
  • Parcel Number: 0167271540000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Cooling: Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 50700.00
  • Net Operating Income: 33880.00
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Thai Lang and Ung William Leng
Bought by
Ngoy Sor Bun and Nou Vanna
Current Estimated Value
$1,141,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Outstanding Balance
$483,942
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$629,388

Purchase Details

Listed on
Aug 6, 2018
Closed on
Oct 9, 2018
Sold by
Kreissig Karla
Bought by
Lang Ung William Leng Bun and Lang Thai
Seller's Agent
Terry Kreissig
Coastline Real Estate Group
List Price
$720,000
Sold Price
$650,000
Premium/Discount to List
-$70,000
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$487,500
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2014
Sold by
Kreissig Karla
Bought by
Kreissig Karla and Karla Kreissig Revocable Trust

Purchase Details

Closed on
Apr 14, 1999
Sold by
First National Bank Of Chicago
Bought by
Kreissig Karla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.84%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 11, 1999
Sold by
Smith Rico L
Bought by
Residential Funding Corp

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%
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 Buyer Sale Price Title Company
Ngoy Sor Bun $725,000 Fidelity National Title
Lang Ung William Leng Bun $650,000 Orange Coast Title Company
Kreissig Karla -- None Available
Kreissig Karla $175,000 First American Title Ins Co
Residential Funding Corp $235,992 Chicago Title Co
Smith Rico L -- American Title Ins Co
Smith Rico L $295,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ngoy Sor Bun $543,750
Previous Owner Ung William Leng Bun $519,100
Previous Owner Lang Ung William Leng Bun $487,500
Previous Owner Kreissig Karla $416,000
Previous Owner Kreissig Karla $262,500
Previous Owner Kreissig Karla $236,250
Previous Owner Kreissig Karla $131,250
Previous Owner Smith Rico L $221,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2018 11/26/18 Sold $650,000 -9.7% $168 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $720,000 -- $186 / 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 $9,256 $792,895 $164,048 $628,847
2024 $9,256 $777,348 $160,831 $616,517
2023 $9,246 $762,105 $157,677 $604,428
2022 $9,112 $747,161 $154,585 $592,576
2021 $9,278 $732,511 $151,554 $580,957
2020 $8,370 $663,000 $132,600 $530,400
2019 $8,137 $650,000 $130,000 $520,000
2018 $2,741 $220,452 $55,114 $165,338
2017 $2,717 $216,129 $54,033 $162,096
2016 $2,686 $211,892 $52,974 $158,918
2015 $2,665 $208,709 $52,178 $156,531
2014 $2,617 $204,621 $51,156 $153,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 180043558

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-54