Ruth Carter
1st Choice Realty & Associates
(916) 292-9989
93 Total Sales
1 in Grass Valley
$2,400,000 Price
120 Park Ave Grass Valley, CA 95945
Grass Valley Area
8
Beds
8
Baths
4,000
Sq Ft
6,534
Sq Ft Lot
Highlights
- No HOA
- Balcony
- Double Pane Windows
- Covered Patio or Porch
- 4 Car Detached Garage
- Guest Parking
About This Home
As of October 2022This is a great opportunity with profitable up side. Long term tenants under market rents. Each unit in todays market will rent for $1,500. month. Current rents are $890 - $1,100. Interiors are well maintained, exterior has been recently upgraded with new decks, and patio dividers. Current Cap Rate: 3.82% Year 1 Cap Rate: 6% Pro Forma Cap Rate: 6.5% Current Physical Occupancy: 100% Current Economic Occupancy: 59.6%
Last Agent to Sell the Property
eXp Realty of California Inc. License #01147876 Listed on: 04/26/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965 | Remodeled
Lot Details
- 6,534 Sq Ft Lot
- Landscaped
- Level Lot
Home Design
- Quadruplex
- Slab Foundation
- Blown Fiberglass Insulation
- Composition Roof
- Stucco
Interior Spaces
- 2-Story Property
- Double Pane Windows
- Disposal
- Laundry in unit
Flooring
- Carpet
- Linoleum
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Car Detached Garage
- 4 Carport Spaces
- Guest Parking
- On-Street Parking
Outdoor Features
- Balcony
- Covered Patio or Porch
Utilities
- Central Heating and Cooling System
- Mini Split Air Conditioners
- Mini Split Heat Pump
- Heating System Uses Natural Gas
- 220 Volts
- Natural Gas Connected
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection, water
- Assessor Parcel Number 029-160-016-000
Community Details
Overview
- No Home Owners Association
- 4 Units
Additional Features
- Laundry Facilities
- 4 Leased Units
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
Listed on
Apr 26, 2022
Closed on
Oct 19, 2022
Sold by
Fairbanks Linda L
Bought by
Seller's Agent
Stephen De Sena
eXp Realty of California Inc.
Buyer's Agent
Terry Ferguson
Mitchell Real Estate
List Price
$1,200,000
Sold Price
$850,000
Premium/Discount to List
-$350,000
-29.17%
Views
66
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$356,741
Interest Rate
6.02%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 19, 2019
Sold by
Goodrich Elaine Bergman
Bought by
Fairbanks Linda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.5%
Purchase Details
Closed on
Nov 15, 2019
Sold by
Fairbanks Linda L and Linda L Fairbanks Trust
Bought by
Fairbanks Linda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.5%
Purchase Details
Closed on
Feb 19, 2009
Sold by
Fairbanks Linda L
Bought by
Fairbanks Linda L and The Linda L Fairbanks Trust
Purchase Details
Closed on
Sep 5, 2002
Sold by
Fairbanks Linda L and Linda L Fairbanks Trust
Bought by
Fairbanks Linda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.99%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Grass Valley, CA
-
Ruth Carter
-
Dan Morrison
Dan Morrison
Morrison Real Estate
(916) 866-3966
37 Total Sales
1 in Grass Valley
$505,000 Price
-
Timothy Pantle
Timothy Pantle
Coldwell Banker Realty
(916) 237-8293
73 Total Sales
2 in Grass Valley
$433K - $825K Price Range
-
Matt Rubenstein
Matt Rubenstein
Compass
(707) 749-5424
77 Total Sales
1 in Grass Valley
$625,000 Price
-
Heather Boer
Heather Boer
HB Ranch and Home Properties, EXP of Northern Ca
(530) 767-4290
131 Total Sales
1 in Grass Valley
$717,000 Price
-
Sherry Montalvo
Sherry Montalvo
Kind & Kin Properties
(916) 292-9978
48 Total Sales
1 in Grass Valley
$210,000 Price
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 |
|---|---|---|---|
| $850,000 | First American Title | ||
| Fairbanks Linda L | -- | First American Title Company | |
| Fairbanks Linda L | -- | First American Title Company | |
| Fairbanks Linda L | -- | None Available | |
| Fairbanks Linda L | -- | First American 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 | $375,000 | ||
| Previous Owner | Fairbanks Linda L | $120,000 | |
| Previous Owner | Fairbanks Linda L | $107,120 | |
| Previous Owner | Fairbanks Linda L | $110,000 | |
| Previous Owner | Fairbanks Linda L | $54,000 |
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 |
|---|---|---|---|---|
| 10/26/2022 10/26/22 | Sold | $850,000 | -10.5% | $213 / Sq Ft |
| 09/22/2022 09/22/22 | Pending | -- | -- | -- |
| 05/25/2022 05/25/22 | Price Changed | $950,000 | -20.8% | $238 / Sq Ft |
| 04/26/2022 04/26/22 | For Sale | $1,200,000 | -- | $300 / Sq Ft |
Source: MetroList
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 | $9,304 | $866,600 | $152,900 | $713,700 |
| 2025 | $9,111 | $849,660 | $149,940 | $699,720 |
| 2024 | $9,069 | $833,000 | $147,000 | $686,000 |
| 2023 | $9,069 | $833,000 | $147,000 | $686,000 |
| 2022 | $3,373 | $292,799 | $102,870 | $189,929 |
| 2021 | $3,251 | $287,058 | $100,853 | $186,205 |
| 2020 | $3,248 | $284,115 | $99,819 | $184,296 |
| 2019 | $3,118 | $278,545 | $97,862 | $180,683 |
| 2018 | $3,105 | $273,085 | $95,944 | $177,141 |
| 2017 | $2,986 | $267,731 | $94,063 | $173,668 |
| 2016 | $2,908 | $262,482 | $92,219 | $170,263 |
| 2015 | $2,842 | $258,540 | $90,834 | $167,706 |
| 2014 | -- | $253,476 | $89,055 | $164,421 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen De Sena
Seller's Agent in 2022
Stephen De Sena
eXp Realty of California Inc.
(530) 277-3307
41 Total Sales
-
Terry Ferguson
Buyer's Agent in 2022
Terry Ferguson
Mitchell Real Estate
(530) 559-2019
62 Total Sales
Map
Source: MetroList
MLS Number: 222052002
APN: 29-160-16
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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