NOT LISTED FOR SALE

Estimated Value: $950,000 - $1,235,000

9 Beds
7 Baths
4,006 Sq Ft
$286/Sq Ft Est. Value

Sale Details

Date Sold: April 15, 2020

Last sale price $800,000 $200 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $7,371 / mo

132 Days on Market

Highlights

  • Contemporary Architecture
  • Neighborhood Views
  • Central Heating and Cooling System
  • Citrus Valley High School Rated A
  • Laundry Room
  • Carpet

About This Home

As of April 2020

Covington floorplan fourplex located in Mountain View. The front "owners" unit is a single level three bedroom, two baths. There are two units with two beds and two baths and the fourth unit has 2 beds and 1 bath. There is a laundry room for extra income. The sellers installed new washing machines. There are four attached garages. They must be accessed from the parking lot . No direct access to the units. HOA maintains the landscaping, carports and includes trash. Pro forma rents list the current rents for Section 8 Housing that the San Bernardino County Housing Authority allows for the City of Redlands. HOA covers the trash dumpster, normal trash pick up, landscape maintenance (mowing and blowing) and also the complex has periodic security patrols. The dues also cover reserves to maintain the asphalt for the parking areas.

The Housing Authority of San Bernardino has a generous allotment for rents in Redlands in the Section 8 program.

Unit A was recently completely remodeled to like-new condition. n. Two of the other units have been upgraded. Units A, C, and D have new heat pump HVAV systems installed within the past year.

Rita Shaw Broker & Associates Inc does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the sellers or obtained from Public Records or other sources. The buyer with their agent(s) is advised to independently verify the accuracy of all information.

Last Agent to Sell the Property

Rita Shaw

Shaw Real Estate Brokers License #00666305 Listed on: 11/02/2019

Co-Listed By

Will Quanstrom

eXp Realty of Southern California License #02014095

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1985

Lot Details

  • 12,885 Sq Ft Lot
  • No Common Walls
  • Sprinkler System

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Planned Development
  • Slab Foundation
  • Stucco

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, telephone
  • Tax Lot 22
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167262060000

Community Details

Overview

  • 4 Units
  • Mountain View Association
  • Maintained Community

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $517
  • Fuel Expense $1,320
  • Insurance Expense $1,596
  • Other Expense $4,320
  • Pest Control $816
  • Water Sewer Expense $1,984
  • New Taxes Expense $10,130
  • Operating Expense $12,426
  • Gross Income $36,000
  • Net Operating Income $43,974

Property Details

Home Type

Apartment

Year Built

Built in 1985

Lot Details

0.3 Acres

HOA Fees

$360 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1984.00
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0167262060000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 199.70

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 816.00
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Trash
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Association Name: Mountain View
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 12885.00
  • Lot Size Acres: 0.2958

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 517.00
  • Fuel Expense: 1320.00
  • Gross Income: 36000.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1596.00
  • Laundry Income: 900.00
  • Lot Size Area: 12885.0000 Square Feet
  • Net Operating Income: 43974.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12426.00
  • Other Expense: 4320.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Total Expenses: 12426.00

Tax Info

  • New Taxes Expense: 10130.00
  • Tax Census Tract: 80.02
  • Tax Lot: 22
  • Tax Tract Number: 10141

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2021
Sold by
Bought by
Current Estimated Value
$1,129,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.026%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 2, 2019
Closed on
Mar 13, 2020
Sold by
Bought by
Seller's Agent
Rita Shaw
Shaw Real Estate Brokers
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$799,500
Sold Price
$800,000
Premium/Discount to List
$500
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$600,000
Interest Rate
0.032%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2018
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
0.0551%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 13, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,200
Interest Rate
0.0571%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 11, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,200
Interest Rate
0.0571%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 1, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,200
Interest Rate
0.0571%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 27, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 23, 1999
Sold by
Bought by

Purchase Details

Closed on
Feb 9, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 1997
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Clearmark Title Company
$800,000 Fidelity National Ttl Co Ie
-- None Available
$640,000 Fidelity National Title Co
-- --
-- Fidelity National Title
$304,000 Fidelity National Title
$330,000 Gateway Title Company
$161,000 United Title
-- Orange Coast Title
-- Orange Coast Title
$185,000 Orange Coast Title
$295,000 Orange Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Closed $600,000
Previous Owner $296,000
Previous Owner $243,200
Previous Owner $243,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/15/2020 04/15/20 Sold $800,000 +0.1% $200 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
11/02/2019 11/02/19 For Sale $799,500 0.0% $200 / Sq Ft
08/17/2018 08/17/18 Rented $1,200 0.0% --
07/30/2018 07/30/18 Under Contract -- -- --
07/20/2018 07/20/18 For Rent $1,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,924 $892,416 $178,484 $713,932
2025 $10,924 $874,917 $174,984 $699,933
2024 $10,201 $857,762 $171,553 $686,209
2023 $10,189 $840,943 $168,189 $672,754
2022 $10,042 $824,454 $164,891 $659,563
2021 $10,225 $808,288 $161,658 $646,630
2020 $8,835 $700,400 $133,900 $566,500
2019 $8,506 $680,000 $130,000 $550,000
2018 $7,723 $620,000 $96,000 $524,000
2017 $6,685 $529,300 $93,400 $435,900
2016 $5,989 $469,200 $82,800 $386,400
2015 $5,542 $430,100 $75,900 $354,200
2014 $4,842 $374,000 $66,000 $308,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV19256306

California Regional Multiple Listing Service (CRMLS)

APN: 0167-262-06

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