NOT LISTED FOR SALE

115 Franklin St Napa, CA 94559

Fuller Park Neighborhood

Estimated Value: $1,918,607 - $2,171,000

8 Beds
10 Baths
3,194 Sq Ft
$644/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $1,920,000 $601 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $12,718/month

57 Days on Market

Highlights

  • Private Lot
  • Washer and Dryer
  • 4-minute walk to Kiwanis Park
  • Laundry Facilities

About This Home

As of April 2021

Looking for DOWNTOWN NAPA, A++ condition 4-unit income property at market rates. Here it is! Completely remodeled, each unit is 2 beds & 1 bath. What's new? New roof, laminate wood floors, stainless steel appliances (dishwashers/stoves/microwaves) & all interior doors. Bathrooms: new throughout including new bath fixtures, glass bath surrounds, bathtubs, marble top vanities & sinks. Kitchen: all new cabinets, granite countertops & paint. There is a new laundry room including all washers/dryers. HVAC: new with heat & air split systems in each unit & a 2nd water heater with recirculating pump system has been added to ensure hot water, quickly to all units. Outside: landscaping is all new with low maintenance grass, gravel & bark. Exterior has new paint, new fencing on left side of property, the storage closets & carport are also freshly renovated. There is even a new mailbox!! What's left? A perfect long-term hold Fourplex income property

Last Agent to Sell the Property

David Samson

Vintage Sotheby's Internationa License #01915989 Listed on: 02/09/2021

Vintage Sotheby's Internationa

Co-Listed By

Nickolas Simone

Vintage Sotheby's Internationa License #01459623

Last Buyer's Agent

Molly Powers

Sonoma Valley Real Estate Comp License #01487278

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 10,476 Sq Ft Lot
  • Private Lot

Home Design

  • Quadruplex

Interior Spaces

  • 8 Bedrooms
  • 2-Story Property
  • Washer and Dryer

Parking

  • 5 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Ductless Heating Or Cooling System

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $117,525

Listing and Financial Details

  • Assessor Parcel Number 005-044-023-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

10,476 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Directions To Property: Take Elm to Franklin south. Property is on the left.
  • Lot Size Acres: 0.2405
  • Stories: 2
  • CapRate: 4.50
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Private

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 5
  • Carport Spaces: 4

Utilities

  • Cooling: Ductless, See Remarks
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Ductless, See Remarks
  • Laundry Features: In Common Area, Washer/Dryer Owned

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 005-044-023-000
  • Lot Size Sq Ft: 10476

Building Info

  • Year Built: 1972

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 2300-2600
  • Number Of2 Bedrooms Occupied: 4
  • NumberOfUnitsTotal: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2024
Sold by
Carone Joel W and Carone Jaime
Bought by
Carone Family Trust and Carone
Current Estimated Value
$2,056,402

Purchase Details

Listed on
Feb 9, 2021
Closed on
Apr 8, 2021
Sold by
Rippey Theodore C and Rippey Jessica B
Bought by
Carone Joel W and Carone Jaime
Seller's Agent
David Samson
Vintage Sotheby's Internationa
Buyer's Agent
Molly Powers
Sonoma Valley Real Estate Comp
List Price
$1,920,000
Sold Price
$1,920,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.41%
Original Mortgage
$1,344,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2019
Closed on
Sep 26, 2019
Sold by
Jones Jeffrey A
Bought by
Rippey Theodore C and Rippey Jessica B
Seller's Agent
Nicole Solari
Level Up Realty
Buyer's Agent
David Samson
Vintage Sotheby's Internationa
List Price
$1,125,000
Sold Price
$1,125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.48%
Original Mortgage
$843,750
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2002
Sold by
Jones Roberta L
Bought by
Jones Jeffrey A

Purchase Details

Closed on
Jun 4, 1998
Sold by
Paniagua Joseph H and Joy Ann
Bought by
Jones Jeffrey A and Jones Roberta L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Carone Family Trust -- None Listed On Document
Carone Joel W $1,920,000 Placer Title Company
Rippey Theodore C $1,125,000 Fidelity National Title Co
Jones Jeffrey A -- --
Jones Jeffrey A $295,000 Napa Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carone Joel W $1,344,000
Previous Owner Rippey Theodore C $843,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2021 04/09/21 Sold $1,920,000 0.0% $601 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $1,920,000 +70.7% $601 / Sq Ft
10/07/2019 10/07/19 Sold $1,125,000 0.0% $352 / Sq Ft View Prior Sale
09/02/2019 09/02/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $1,125,000 -- $352 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $25,872 $2,078,268 $833,472 $1,244,796
2024 $24,927 $2,037,519 $817,130 $1,220,389
2023 $24,927 $1,997,568 $801,108 $1,196,460
2022 $23,950 $1,958,400 $785,400 $1,173,000
2021 $14,718 $1,136,655 $454,662 $681,993
2020 $14,499 $1,125,000 $450,000 $675,000
2019 $6,534 $422,238 $130,246 $291,992
2018 $6,407 $413,960 $127,693 $286,267
2017 $6,237 $405,844 $125,190 $280,654
2016 $6,019 $397,887 $122,736 $275,151
2015 $5,577 $391,911 $120,893 $271,018
2014 $5,484 $384,235 $118,525 $265,710
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    David Samson

    Vintage Sotheby's Internationa

    Section Image

  • N

    Seller Co-Listing Agent in 2021

    Nickolas Simone

    Vintage Sotheby's Internationa

    Section Image
  • Molly Powers

    Buyer's Agent in 2021

    Molly Powers

    Sonoma Valley Real Estate Comp

    (707) 738-0720

    1 in this area

    31 Total Sales

    Molly Powers
    Section Image
  • Nicole Solari

    Seller's Agent in 2019

    Nicole Solari

    Level Up Realty

    (707) 486-5400

    224 Total Sales

    Nicole Solari
    Section Image
See All Agents

Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321002493

Bay Area Real Estate Information Services (BAREIS)

APN: 005-044-023

California Napa County Napa 94559 Fuller Park

115 Franklin St, Napa, CA

Not Listed for Sale

MultiFamily

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Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2026 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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