Seller's Agent in 2021
William Segers
Professional Realty Services International Inc.
(530) 615-7900
9 in this area
22 Total Sales
124 Richardson St Grass Valley, CA 95945
1
Bed
1
Bath
800
Sq Ft
0.27
Acres
Highlights
- Downtown View
- Engineered Wood Flooring
- Private Yard
- Craftsman Architecture
- Corner Lot
- 4-minute walk to Dow Alexander Park
About This Home
As of December 2021Rare two Victorian style buildings on one lot with 6 large rental units in a desirable downtown Grass Valley location. Addresses are 124, 126 and 128 Richardson. Both buildings are architecturally conforming to the area and can be restored with excellent income potential from high end units. Restore 5 carriage garage units to make added storage or off street parking. Current cap rate at 4.7%, with room to increase rental income with units in buildings as is. Old electrical has been replaced, Foundation on 4 plex redone and robust, new stairs added last year. Located in the heart of town, near the restored Holbrooke Hotel. Add these buildings to the restoration projects nearby.
Last Agent to Sell the Property
Professional Realty Services International Inc. License #01734838 Listed on: 09/07/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 0.27 Acre Lot
- Corner Lot
- Sloped Lot
- Private Yard
Parking
- On-Street Parking
Home Design
- Craftsman Architecture
- Victorian Architecture
- Raised Foundation
- Frame Construction
- Shingle Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Downtown Views
Kitchen
- Free-Standing Gas Oven
- Free-Standing Gas Range
Flooring
- Engineered Wood
- Vinyl
Outdoor Features
- Enclosed Patio or Porch
Utilities
- No Cooling
- 220 Volts
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tenant pays for rent only
- Assessor Parcel Number 008-310-069-000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Building Details
- 5 Leased Units
- 1 Vacant Unit
- 5 Units Leased Month-To-Month
- Insurance Expense $5,921
- Maintenance Expense $10,000
- Net Operating Income $32,170
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2021 12/08/21 | Sold | $650,000 | -5.7% | $813 / Sq Ft |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- |
| 09/07/2021 09/07/21 | For Sale | $689,000 | -- | $861 / Sq Ft |
Source: MetroList
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 | $7,562 | $689,784 | $212,241 | $477,543 |
| 2024 | $7,533 | $676,260 | $208,080 | $468,180 |
| 2023 | $7,533 | $663,000 | $204,000 | $459,000 |
| 2022 | $3,705 | $312,007 | $57,699 | $254,308 |
| 2021 | $3,543 | $305,890 | $56,568 | $249,322 |
| 2020 | $3,539 | $302,754 | $55,988 | $246,766 |
| 2019 | $3,400 | $296,819 | $54,891 | $241,928 |
| 2018 | $3,386 | $291,000 | $53,815 | $237,185 |
| 2017 | $3,258 | $285,295 | $52,760 | $232,535 |
| 2016 | $3,258 | $279,702 | $51,726 | $227,976 |
| 2015 | $3,104 | $275,502 | $50,950 | $224,552 |
| 2014 | $3,059 | $270,106 | $49,952 | $220,154 |
Source: Public Records
Agents Affiliated with this Home
-
William Segers
-
Steven Hartshorn
Seller Co-Listing Agent in 2021
Steven Hartshorn
Recreation Realty
(530) 277-6630
24 in this area
53 Total Sales
-
Payam Nejad
Buyer's Agent in 2021
Payam Nejad
Colliers International
(415) 788-3100
1 in this area
23 Total Sales
Map
Source: MetroList
MLS Number: 221113097
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