NOT LISTED FOR SALE

114 E Francis St Ontario, CA 91761

Downtown Ontario Neighborhood

Estimated Value: $578,543 - $801,000

8 Beds
4 Baths
3,350 Sq Ft
$193/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $550,334 $164 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,736/month

85 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • Family Room
  • Wall Furnace

About This Home

As of October 2018

Fantastic opportunity to own this 4-Plex property in the city of Ontario. This rarely on the market property features 4 separate housing structures. Each unit features 2 beds and 1 bath each. All units are equipped with dedicated gas, electric and water meters, plus wall heating systems. Located close to schools, downtown, shopping, parks, public transportation including nearby freeways!!! Buyer to complete their own due diligence in regard to all aspects of the property including but not limited to square footage, income, expenses and rent schedules.

Last Agent to Sell the Property

Michael Kelly

First Team Real Estate License #01109177 Listed on: 05/14/2018

First Team Real Estate

Co-Listed By

Kim Coelho

eXp Realty of Southern Ca, Inc License #01933695

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,964

Year Built

  • Built in 1961

Lot Details

  • 8,466 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,350 Sq Ft Home
  • 1-Story Property
  • Family Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, water
  • Tax Lot 1,2
  • Tax Tract Number 2961
  • Assessor Parcel Number 1050401070000

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,964

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • View: No
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1050401070000
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 164.28
  • Room Type: Family Room, Kitchen

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street, Level
  • Lot Size Sq Ft: 8466.00

Rental Info

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

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Census Tract: 18.12
  • Tax Lot: 1,2
  • Tax Tract Number: 2961

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2018
Sold by
Polsinelli Tisha
Bought by
Geminus Properties Llc
Current Estimated Value
$647,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2003
Sold by
Fick Theodore A
Bought by
Fick Theodore A and The Fick B Trust
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
Geminus Properties Llc $1,651,000 First American Title Company
Fick Theodore A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Geminus Properties Llc $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2018 10/26/18 Sold $550,334 -21.4% $164 / Sq Ft
08/07/2018 08/07/18 Pending -- -- --
07/24/2018 07/24/18 Price Changed $700,000 -12.5% $209 / Sq Ft
06/12/2018 06/12/18 Price Changed $799,900 -11.1% $239 / Sq Ft
05/14/2018 05/14/18 For Sale $900,000 -- $269 / 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 $3,964 $368,344 $128,284 $240,060
2024 $3,964 $361,122 $125,769 $235,353
2023 $3,852 $354,041 $123,303 $230,738
2022 $3,801 $347,099 $120,885 $226,214
2021 $3,778 $340,293 $118,515 $221,778
2020 $3,712 $336,804 $117,300 $219,504
2019 $3,680 $330,200 $115,000 $215,200
2018 $711 $61,881 $15,999 $45,882
2017 $686 $60,667 $15,685 $44,982
2016 $659 $59,477 $15,377 $44,100
2015 $655 $58,584 $15,146 $43,438
2014 $635 $57,436 $14,849 $42,587
Source: Public Records

Agents Affiliated with this Home

  • Michael Kelly

    Seller's Agent in 2018

    Michael Kelly

    First Team Real Estate

    (714) 422-8520

    126 Total Sales

    Michael Kelly
    Section Image
  • Kim Coelho

    Seller Co-Listing Agent in 2018

    Kim Coelho

    eXp Realty of Southern Ca, Inc

    (714) 404-7077

    56 Total Sales

    Kim Coelho
    Section Image
  • Kristopher German

    Buyer's Agent in 2018

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    125 Total Sales

    Kristopher German
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18110648

California Regional Multiple Listing Service (CRMLS)

APN: 1050-401-07

California San Bernardino County Ontario 91761 Downtown Ontario

114 E Francis St, Ontario, CA

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