NOT LISTED FOR SALE

Estimated Value: $998,000 - $1,170,000

10 Beds
5 Baths
4,006 Sq Ft
$268/Sq Ft Est. Value

Last Sold June 10, 2013

Last sale price $385,000 $96 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $6,195/month

127 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Central Heating and Cooling System
  • Citrus Valley High School Rated A

About This Home

As of June 2013

Opportunity! Recently renovated 4-plex in a great income area. Attractive upgrades include flooring and granite counters. Good investment for all investors seeking income or for a buyer who can occupy one unit and rent out the other 3 units. This is a short sale.

Last Agent to Sell the Property

Alan Forbes

RE/MAX ADVANTAGE License #00912862 Listed on: 04/08/2013

RE/MAX ADVANTAGE

Last Buyer's Agent

Barry Sakiri

SAVE-ON-REALTY SERVICES License #01255721

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,585

Year Built

  • Built in 1985

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage
  • 4 Carport Spaces

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 10142
  • Assessor Parcel Number 0167271580000

Community Details

Overview

  • 4 Units

Building Details

  • 2 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $504
  • Insurance Expense $1,200
  • Maintenance Expense $3,600
  • Trash Expense $300
  • Water Sewer Expense $1,404
  • New Taxes Expense $3,750
  • Gross Income $3,870
  • Net Operating Income $32,466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,585

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 10.82
  • Property Attached: Yes
  • Water Sewer Expenses: 1404.00
  • Property Type: Residential Income
  • Parcel Number: 0167271580000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 96.11

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 11919.00
  • Lot Size Acres: 0.2740

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 504.00
  • Gross Income: 3870.00
  • Gross Multiplier: 6.40
  • Gross Scheduled Income: 46440.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 11919.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 32466.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 11652.00
  • Rent Control: No
  • Total Actual Rent: 21600.00
  • Vacancy Allowance: 2322
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3750.00
  • Taxes Percent: 1.25
  • Tax Lot: 27
  • Tax Tract Number: 10142
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2013
Closed on
Jun 4, 2013
Sold by
Khan Ilyas M
Bought by
Khan Ilyas Mohammad and Khan Munazza Ilyas
Seller's Agent
Alan Forbes
RE/MAX ADVANTAGE
Buyer's Agent
Barry Sakiri
SAVE-ON-REALTY SERVICES
List Price
$300,000
Sold Price
$385,000
Premium/Discount to List
$85,000
28.33%
Current Estimated Value
$1,075,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$690,574
Avg. Annual Appreciation
8.42%
Original Mortgage
$287,250
Outstanding Balance
$204,628
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$833,837

Purchase Details

Listed on
Apr 8, 2013
Closed on
May 21, 2013
Sold by
Kreissig Rex Dieter
Bought by
Khan Ilyas M
Seller's Agent
Alan Forbes
RE/MAX ADVANTAGE
Buyer's Agent
Barry Sakiri
SAVE-ON-REALTY SERVICES
List Price
$300,000
Sold Price
$385,000
Premium/Discount to List
$85,000
28.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,250
Outstanding Balance
$204,628
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$833,837

Purchase Details

Closed on
Jul 16, 2002
Sold by
Morgan Hill Llc
Bought by
Kreissig Rex Dieter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.52%

Purchase Details

Closed on
Jun 14, 2002
Sold by
Lynn Eugene Jr Dr John and Lynn Eugene Karyl
Bought by
Morgan Hill Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.52%

Purchase Details

Closed on
Jan 10, 2000
Sold by
Latham Terrence N and Latham Terrence
Bought by
Lynn Eugene Jr Dr John and Lynn Eugene Karyl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.87%

Purchase Details

Closed on
Nov 3, 1999
Sold by
Latham Maryla Slava
Bought by
Latham Terrence N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
7.95%

Purchase Details

Closed on
Oct 14, 1999
Sold by
Morequity Inc
Bought by
Latham Terrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
7.95%

Purchase Details

Closed on
Jun 18, 1999
Sold by
Smith Rico
Bought by
Morequity Inc

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
7.5%

Purchase Details

Closed on
Apr 13, 1997
Sold by
Harris Carl
Bought by
Smith Rico

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
7.5%
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
Khan Ilyas Mohammad -- Accommodation
Khan Hyas M -- Fidelity National Title Co
Khan Ilyas M $385,000 Fidelity National Title
Kreissig Rex Dieter -- Fidelity National Title Co
Kreissig Rex Dieter $240,000 Equity Title
Morgan Hill Llc $210,000 Equity Title
Lynn Eugene Jr Dr John $340,000 Gateway Title Company
Latham Terrence N -- American Title
Latham Terrence $170,000 American Title
Morequity Inc $153,373 American Title Insurance Co
Smith Rico L -- American Title
Smith Rico $295,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Hyas M $287,250
Previous Owner Kreissig Rex Dieter $486,500
Previous Owner Kreissig Rex Dieter $300,000
Previous Owner Kreissig Rex Dieter $192,000
Previous Owner Morgan Hill Llc $0
Previous Owner Lynn Eugene Jr Dr John $255,000
Previous Owner Latham Terrence $183,600
Previous Owner Smith Rico $221,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2013 06/10/13 Sold $385,000 +28.3% $96 / Sq Ft
04/24/2013 04/24/13 Pending -- -- --
12/18/2012 12/18/12 For Sale $300,000 -- $75 / 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 $5,585 $474,101 $49,258 $424,843
2024 $5,585 $464,805 $48,292 $416,513
2023 $5,578 $455,691 $47,345 $408,346
2022 $5,499 $446,756 $46,417 $400,339
2021 $5,598 $437,996 $45,507 $392,489
2020 $5,516 $433,505 $45,040 $388,465
2019 $5,363 $425,005 $44,157 $380,848
2018 $5,231 $416,671 $43,291 $373,380
2017 $5,188 $408,501 $42,442 $366,059
2016 $5,130 $400,491 $41,610 $358,881
2015 $5,093 $394,475 $40,985 $353,490
2014 $5,002 $386,748 $40,182 $346,566
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV12152585

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-58