NOT LISTED FOR SALE

Estimated Value: $127,132 - $219,000

-- Bed
3 Baths
2,396 Sq Ft
$76/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $60,000 $25 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $1,115/month

43 Days on Market

Highlights

  • No HOA
  • Radiator
  • 1-minute walk to Beautex Playground

About This Home

As of September 2016

Low maintenance exterior on this Duplex rental. Both sides rented, one tenant there for 10 yrs. Tenants pay unit electric. Owner pays heat, hot water, water/sewer and trash. Off street parking in rear for 4 cars. Annual Net Income of $11,831 represents a 17.66% CAP Rate at the list price of $67,000. 1212 Completely renovated in 2014.

Last Agent to Sell the Property

David Simpson

Suburban Realty License #AB042350A Listed on: 06/23/2016

Last Buyer's Agent

Sherri Killinger

Suburban Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,262

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 28x165

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Aluminum Siding
  • Stone Siding
  • Vinyl Siding

Attic

  • Storage In Attic

Basement

  • Partial Basement
  • Dirt Floor
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 3-2335955-369747

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Northside Subdivision

Building Details

  • Income includes apartment rentals
  • Fuel Expense $1,000
  • Insurance Expense $800
  • Maintenance Expense $1,080
  • Other Expense $80
  • Trash Expense $480
  • Operating Expense $4,340
  • Net Operating Income $11,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,262

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • New Construction: No
  • Other Expense: 80.00
  • Storage: Attic, Basement
  • Remarks Public: Low maintenance exterior on this Duplex rental. Both sides rented, one tenant there for 10 yrs. Tenants pay unit electric. Owner pays heat, hot water, water/sewer and trash. Off street parking in rear for 4 cars. Annual Net Income of $11,831 represents a 17.66% CAP Rate at the list price of $67,000. 1212 Completely renovated in 2014.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: Yes
  • Basement Type: Dirt Floor, Partial
  • Street Number Modifier: 1212-1214

Exterior Features

  • Construction Materials: Aluminum Siding, Stone, Vinyl Siding
  • Construction Completed: No
  • Roof: Composite, Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 4.00
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: LEBANON
  • School District Key: 300200397291

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 28x165
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10308211
  • School Tax: 905.80
  • Tax Annual Amount: 1261.68
  • Assessor Parcel Number: 3-2335955-369747
  • County Tax Payment Frequency: Annually
  • Close Date: 09/02/2016

Multi Family

  • Fuel Expense: 1000.00
  • Gross Income: 17400.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 4340.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2016
Closed on
Sep 2, 2016
Sold by
Bishop Robert B and Klick Scot A
Bought by
Gb & Cb Properties Llc
Seller's Agent
David Simpson
Suburban Realty
Buyer's Agent
Sherri Killinger
Suburban Realty
List Price
$67,000
Sold Price
$60,000
Premium/Discount to List
-$7,000
-10.45%
Current Estimated Value
$182,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,783
Avg. Annual Appreciation
13.73%
Original Mortgage
$48,000
Outstanding Balance
$38,916
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$151,768
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
Gb & Cb Properties Llc $60,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gb & Cb Properties Llc $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2016 09/02/16 Sold $60,000 -10.4% $25 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $67,000 -- $28 / Sq Ft
Source: Bright MLS

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 $1,456 $45,200 $9,900 $35,300
2024 $1,387 $45,200 $9,900 $35,300
2023 $1,387 $45,200 $9,900 $35,300
2022 $1,365 $45,200 $9,900 $35,300
2021 $1,318 $45,200 $9,900 $35,300
2020 $1,318 $45,200 $9,900 $35,300
2019 $1,299 $45,200 $9,900 $35,300
2018 $1,262 $45,200 $9,900 $35,300
2017 $356 $45,200 $9,900 $35,300
2016 $1,228 $45,200 $9,900 $35,300
2015 $844 $45,200 $9,900 $35,300
2014 $844 $45,200 $9,900 $35,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002738705

Bright MLS

APN: 03-2335955-369747-0000