NOT LISTED FOR SALE

Estimated Value: $1,026,000 - $1,246,000

9 Beds
7 Baths
4,006 Sq Ft
$285/Sq Ft Est. Value

Last Sold July 16, 2014

Last sale price $484,000 $121 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $7,252/month

11 Days on Market

Highlights

  • Central Heating and Cooling System
  • Citrus Valley High School Rated A
  • Front Yard

About This Home

As of July 2014

Attractive "Covington Style" Four Unit Apartment Building in Redlands. The front unit is 3 Bedrooms and 2 Bathrooms with a small patio yard like an "Owners Unit." Units B and C are both 2 Bedrooms and 2 Bathrooms, B has a small patio yard, and C has a small deck. Unit D is a large unit with 2 Bedrooms and a larger deck. All units have central air and heat and each unit has a 1 car garage and open spots or carport spots as well. This property is located in the Mountainview HOA and the dues are $300 per month. The dues pay for the trash dumpster, trash pickup, the normal gardening bill, drive by patrol security (ask for details) and reserves to maintain alley asphalt and common areas. The HOA helps provide common landscaping maintenance to keep the appeal of the area up.

Last Listed By

Kurt Tiedt

Kurt W. Tiedt License #01167589 Listed on: 05/16/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,824

Year Built

  • Built in 1981

Lot Details

  • 0.31 Acre Lot
  • No Common Walls
  • Front Yard

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • 4,006 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167263010000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $1,500
  • Trash Expense $3,600
  • Water Sewer Expense $3,000
  • New Taxes Expense $6,240
  • Gross Income $3,700
  • Net Operating Income $25,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,824

Year Built

Built in 1981

Lot Details

0

HOA Fees

$300 per month

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 0167263010000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 120.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 3600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Community Features: Gutters

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 13503.00
  • Lot Size Acres: 0.3100

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 3700.00
  • Gross Scheduled Income: 44300.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 13503.0000 Square Feet
  • Net Operating Income: 25772.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16800.00
  • Other Income Description: Laundry leased
  • Rent Control: No
  • Total Actual Rent: 3650.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 6240.00
  • Tax Lot: 7
  • Tax Tract Number: 10141
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2014
Sold by
Campopiano Michael and Campopiano Alicia C
Bought by
Lid Vic Investments Llc
Total Days on Market
11
Current Estimated Value
$1,140,301

Purchase Details

Listed on
May 16, 2014
Closed on
May 21, 2014
Sold by
Hippoze Bulk Investments Llc
Bought by
Campopiano Michael and Campopiano Alicia C
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
DAVID BRIGHTON
RE/MAX MASTERS REALTY
List Price
$484,000
Sold Price
$484,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$338,800
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2012
Sold by
Hippoze Bulk Investments Llc
Bought by
Hippoze Bulk Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2010
Sold by
Proussaefs Periklis T
Bought by
Hippoze Bulk Investments Llc

Purchase Details

Closed on
Sep 19, 2005
Sold by
Kabirisamani Ashrof
Bought by
Proussaefs Periklis T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 9, 2005
Sold by
Chu Dung Chi
Bought by
Proussaefs Periklis T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 31, 2005
Sold by
Choi Don Dongsik
Bought by
Chu Dung Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2003
Sold by
Harper Russell D
Bought by
Choi Don Dongsik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,200
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2003
Sold by
Kim Debbie Whawon
Bought by
Choi Don Dongsik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,200
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 1998
Sold by
U S Bank National Assn
Bought by
Harper Russell D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,610
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 1998
Sold by
Norwood Elias and Norwood Nina
Bought by
Salomon Brothers Mtg Securities Vii Inc

Purchase Details

Closed on
Dec 17, 1997
Sold by
Harris Carl
Bought by
Norwood Elias and Norwood Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,500
Interest Rate
7.16%

Purchase Details

Closed on
Sep 26, 1995
Sold by
Barker Kathy L
Bought by
Barker Scott J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.97%

Purchase Details

Closed on
Jul 20, 1994
Sold by
Barker Kathy L
Bought by
Barker Scott J

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
Lid Vic Investments Llc -- None Available
Campopiano Michael $484,000 Fidelity National Title Co
Hippoze Bulk Investments Llc -- First American Title Company
Hippoze Bulk Investments Llc $290,000 Stewart Title Of California
Proussaefs Periklis T -- Ticor Title Company
Proussaefs Periklis T $680,000 Ticor Title Company
Chu Dung Chi $555,000 Fidelity National Title Co
Choi Don Dongsik $344,000 Southland Title Corporation
Choi Don Dongsik -- Southland Title Corporation
Harper Russell D $170,000 Fidelity National Title
Salomon Brothers Mtg Securities Vii Inc $185,000 Fidelity National Title Ins
Norwood Elias $295,000 American Title
Harris Carl $590,000 American Title
Barker Scott J -- Orange Coast Title
Barker Scott J -- Orange Coast Title
Barker Scott J -- Orange Coast Title Co
Barker Scott J -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campopiano Michael $338,800
Previous Owner Hippoze Bulk Investments Llc $2,000,000
Previous Owner Proussaefs Periklis T $34,000
Previous Owner Proussaefs Periklis T $510,000
Previous Owner Chu Dung Chi $444,000
Previous Owner Choi Don Dongsik $356,250
Previous Owner Choi Don Dongsik $275,200
Previous Owner Harper Russell D $210,000
Previous Owner Harper Russell D $168,610
Previous Owner Norwood Elias $221,500
Previous Owner Barker Scott J $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2014 07/16/14 Sold $484,000 0.0% $121 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $484,000 -- $121 / 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 $6,824 $570,290 $114,293 $455,997
2023 $6,816 $559,108 $112,052 $447,056
2022 $6,718 $548,145 $109,855 $438,290
2021 $6,840 $537,397 $107,701 $429,696
2020 $6,739 $531,887 $106,597 $425,290
2019 $6,552 $521,458 $104,507 $416,951
2018 $6,390 $511,233 $102,458 $408,775
2017 $6,337 $501,209 $100,449 $400,760
2016 $6,266 $491,381 $98,479 $392,902
2015 $6,221 $484,000 $97,000 $387,000
2014 $3,947 $303,086 $73,159 $229,927
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14101873

California Regional Multiple Listing Service (CRMLS)

APN: 0167-263-01