NOT LISTED FOR SALE

Estimated Value: $1,037,000 - $1,165,000

9 Beds
7 Baths
4,006 Sq Ft
$276/Sq Ft Est. Value

Last Sold August 29, 2013

Last sale price $425,000 $106 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $6,992/month

12 Days on Market

Highlights

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

About This Home

As of August 2013

Great opportunity to own and live in income property. Three bedroom unit has LR with fireplace, DR, and 2 Baths. Property has many updates and upgrades including replacement of many fixtures and partial re-pipe. Each unit has an individual garage and onsite Laundry room. Close to Redlands University, shopping and transportation services. HOA fee includes landscaping and trash.

Last Listed By

Robert Rissi

Kurt W. Tiedt License #01196509 Listed on: 06/10/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,125

Year Built

  • Built in 1985

Lot Details

  • 0.32 Acre Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 11-15 Units/Acre

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 4 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,006 Sq Ft Home
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 26
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167262100000

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,600
  • Other Expense $330
  • Water Sewer Expense $4,800
  • New Taxes Expense $5,800
  • Gross Income $3,700
  • Net Operating Income $24,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,125

Year Built

Built in 1985

Lot Details

0

HOA Fees

$300 per month

Parking

4

Listing Details

  • Price Per Unit: 107250
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Parcel Number: 0167262100000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 106.09
  • Room Type: Living Room

Exterior Features

  • View: Mountain(s)
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Water Heater Central
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 14060.00
  • Lot Size Acres: 0.3230

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 950
  • Average3 Bed Area: 1150
  • Electric Expense: 500.00
  • Gross Income: 3700.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1600.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 14060.0000 Square Feet
  • Net Operating Income: 24140.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 19060.00
  • Other Expense: 330.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 2725.00

Tax Info

  • New Taxes Expense: 5800.00
  • Tax Lot: 26
  • Tax Tract Number: 10141
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2013
Closed on
Jul 1, 2013
Sold by
Sixth Spence Llc
Bought by
Kt & Md Property Llc
Seller's Agent
Robert Rissi
Kurt W. Tiedt
Buyer's Agent
Robert Rissi
Kurt W. Tiedt
List Price
$429,000
Sold Price
$425,000
Premium/Discount to List
-$4,000
-0.93%
Total Days on Market
12
Current Estimated Value
$1,104,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$679,302

Purchase Details

Closed on
Jun 23, 2003
Sold by
Bailey Dell P and Bailey Carol
Bought by
Sixth Spence Llc

Purchase Details

Closed on
Mar 14, 2003
Sold by
Washington Mutual Fa
Bought by
Bailey Dell P and Bailey Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2002
Sold by
Delellis Peter and Delellis Kanita
Bought by
Washington Mutual Bank Fa

Purchase Details

Closed on
Mar 30, 2000
Sold by
Ocean Place Llc
Bought by
Delellis Peter and Delellis Kanita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
8%

Purchase Details

Closed on
Feb 10, 2000
Sold by
Bankers Trust Company Of Ca Na
Bought by
Ocean Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
8%

Purchase Details

Closed on
Jan 14, 2000
Sold by
Smith Rico L
Bought by
Bankers Trust Company Of Ca Na and Imh Assets Corp Collateralized Asset Bac

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,360
Interest Rate
8.14%

Purchase Details

Closed on
Jun 27, 1997
Sold by
Vre Mountain View Associates Ltd
Bought by
Harris Carl

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
7.91%

Purchase Details

Closed on
Jun 25, 1997
Sold by
Smith Natahsa 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
7.91%

Purchase Details

Closed on
Jun 24, 1997
Sold by
Harris Carl
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
7.91%

Purchase Details

Closed on
Mar 3, 1994
Sold by
Mcnamee Charlanne G
Bought by
Mcnamee Philip H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
7.15%

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
Kt & Md Property Llc $425,000 Fidelity National Title Co
Sixth Spence Llc -- --
Bailey Dell P $275,000 First American
Washington Mutual Bank Fa $295,440 Fidelity National Title
Delellis Peter $355,000 Gateway Title Company
Ocean Place Llc $207,500 Chicago Title Co
Bankers Trust Company Of Ca Na -- --
Harris Carl -- American Title
Smith Rico L -- American Title
Smith Rico L $295,000 American Title
-- -- Orange Coast Title Co
-- -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Dell P $220,000
Previous Owner Delellis Peter $266,250
Previous Owner Ocean Place Llc $207,360
Previous Owner Smith Rico L $221,250
Previous Owner Mcnamee Philip H $182,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2013 08/29/13 Sold $425,000 -0.9% $106 / Sq Ft
06/22/2013 06/22/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $429,000 -- $107 / 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
2024 $6,125 $510,775 $96,145 $414,630
2023 $6,118 $500,760 $94,260 $406,500
2022 $6,030 $490,941 $92,412 $398,529
2021 $6,139 $481,315 $90,600 $390,715
2020 $6,049 $476,380 $89,671 $386,709
2019 $5,881 $467,039 $87,913 $379,126
2018 $5,736 $457,881 $86,189 $371,692
2017 $5,689 $448,903 $84,499 $364,404
2016 $5,626 $440,101 $82,842 $357,259
2015 $5,585 $433,491 $81,598 $351,893
2014 $5,485 $425,000 $80,000 $345,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13110127

California Regional Multiple Listing Service (CRMLS)

APN: 0167-262-10