Edgar Gosalvez
Century 21 Cornerstone Realty
(279) 972-9762
78 Total Sales
12 in Grass Valley
$115K - $750K Price Range
124 Richardson St Grass Valley, CA 95945
Grass Valley Area
1
Bed
1
Bath
800
Sq Ft
0.27
Acre Lot
Highlights
- Downtown View
- Simulated Wood
- Private Yard
- Craftsman Architecture
- Corner Lot
- 5-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
Realty ONE Group Complete License #01734838 Listed on: 09/07/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 11,761 Sq Ft 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
- Simulated Wood
- Vinyl Flooring
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 7, 2021
Closed on
Dec 2, 2021
Sold by
Davis William Elmo and Davis Rebecca Ann
Bought by
Seller's Agent
William Segers
Realty ONE Group Complete
Buyer's Agent
Payam Nejad
Colliers International
List Price
$689,000
Sold Price
$650,000
Premium/Discount to List
-$39,000
-5.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,500
Interest Rate
3.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 25, 2019
Sold by
Simpson Cheryl L
Bought by
Simpson Cheryl L and Cheryl L Simpson 2019 Trust
Purchase Details
Closed on
Jul 17, 2001
Sold by
Davis William E and Davis Rebecca
Bought by
Davis William Elmo and Davis Rebecca Ann
Purchase Details
Closed on
Apr 27, 2000
Sold by
Phillips Ralph D and Phillips Carol A
Bought by
Phillips Ralph D and Phillips Carol Ann
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Grass Valley, CA
-
Edgar Gosalvez
-
Kelly McCarthy
Kelly McCarthy
eXp Realty of California Inc.
(530) 734-2744
312 Total Sales
3 in Grass Valley
$238K - $620K Price Range
-
Tim Leingang
Tim Leingang
Granite Equity Group
(916) 999-7016
45 Total Sales
2 in Grass Valley
$320K - $427K Price Range
-
Jill Nalbach-Wetmore
Jill Nalbach-Wetmore
REMAX Dream Homes
(530) 446-2382
23 Total Sales
1 in Grass Valley
$510,000 Price
-
Raphael Carricato
Raphael Carricato
Keller Williams Realty Gold Country
(530) 270-4182
9 Total Sales
6 in Grass Valley
$147K - $575K Price Range
-
Pamela Morey
Pamela Morey
Coldwell Banker Grass Roots Realty
(530) 460-4493
62 Total Sales
29 in Grass Valley
$44K - $1.2M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $650,000 | Placer Title Company | ||
| Simpson Cheryl L | -- | None Available | |
| Davis William Elmo | -- | -- | |
| Phillips Ralph D | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $700,000 | ||
| Closed | Richardson Flats Llc | $625,000 | |
| Closed | Richardson Flats Llc | $422,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $7,721 | $703,578 | $216,485 | $487,093 |
| 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
Seller's Agent in 2021
William Segers
Realty ONE Group Complete
(530) 615-7900
24 Total Sales
-
Steven Hartshorn
Seller Co-Listing Agent in 2021
Steven Hartshorn
Recreation Realty
(530) 277-6630
42 Total Sales
-
Payam Nejad
Buyer's Agent in 2021
Payam Nejad
Colliers International
(415) 788-3100
25 Total Sales
Map
Source: MetroList
MLS Number: 221113097
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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