NOT LISTED FOR SALE

Estimated Value: $431,000 - $510,000

2 Beds
2 Baths
997 Sq Ft
$480/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $345,000 $346 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,137/month

117 Days on Market

About This Home

As of March 2017

Charming duplex investment property with good long term tenants. Large yard, close to stores and restaurants along International Blvd., Oakland Coliseum and Bart Station. The property has 1 bedroom and 1 bathroom in each unit and strong cash flows. Open House on Saturday, March 4, 1-4PM.

Last Agent to Sell the Property

Anne Oliva

Marshall Realty License #00980260 Listed on: 11/11/2016

Last Buyer's Agent

Wendy Tang

Far East Realty License #01810574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,302

Year Built

  • 1925

Lot Details

  • 5,009 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 997 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $23,400
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $550
  • Utility Expense $1,400
  • Trash Expense $1,200
  • Operating Expense $6,367
  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,302

Year Built

1925

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 91
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 997
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Living Sq Ft: 997
  • Stories: 1

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: No Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Oakland Unified

Lot Info

  • Lot Acres: 0.1150
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 12.39
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 550
  • Expenses Total: 6367
  • Expenses Utility: 1400
  • Expense Trash: 1200
  • Income Annual Gross: 23400.00
  • Income Annual Rental: 23400
  • Income Gross Scheduled: 23400
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2016
Closed on
Mar 21, 2017
Sold by
Tang Harry
Bought by
Tang Wendy Tran
Seller's Agent
Anne Oliva
Marshall Realty
Buyer's Agent
Wendy Tang
Far East Realty
List Price
$290,000
Sold Price
$345,000
Premium/Discount to List
$55,000
18.97%
Current Estimated Value
$478,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,313
Avg. Annual Appreciation
3.89%
Original Mortgage
$310,000
Outstanding Balance
$256,567
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$221,746

Purchase Details

Closed on
Sep 8, 2016
Sold by
Liu Lang
Bought by
Zhang Patrick

Purchase Details

Closed on
Dec 3, 2013
Sold by
Apaldetti Ruben Omar
Bought by
Liu Lang

Purchase Details

Closed on
Aug 7, 2013
Sold by
Linares Victor A
Bought by
Apaldetti Ruben Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2012
Sold by
Federal National Mortgage Association
Bought by
Linares Victor A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2012
Sold by
Ivory Geraldine
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Apr 8, 2012
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 28, 2006
Sold by
Ivory Grant
Bought by
Ivory Geraldine
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
Tang Wendy Tran -- Chicago Title Company
Tang Wendy Tran $345,000 Chicago Title Company
Zhang Patrick -- None Available
Liu Lang $145,000 North American Title Company
Liu Lang -- North American Title Company
Apaldetti Ruben Omar $65,000 North American Title Company
Linares Victor A $110,000 First American Title
Jpmorgan Chase Bank National Association $100,840 None Available
Federal National Mortgage Association -- None Available
Ivory Geraldine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Wendy Tran $310,000
Previous Owner Apaldetti Ruben Omar $65,000
Previous Owner Linares Victor A $64,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $345,000 +19.0% $346 / Sq Ft
03/09/2017 03/09/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $290,000 0.0% $291 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
11/11/2016 11/11/16 For Sale $290,000 -- $291 / Sq Ft
Source: MLSListings

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 $7,302 $400,392 $120,117 $280,275
2024 $7,302 $392,544 $117,763 $274,781
2023 $7,567 $384,847 $115,454 $269,393
2022 $7,386 $377,301 $113,190 $264,111
2021 $6,807 $369,904 $110,971 $258,933
2020 $6,729 $366,113 $109,834 $256,279
2019 $6,389 $358,937 $107,681 $251,256
2018 $6,258 $351,900 $105,570 $246,330
2017 $3,396 $153,154 $45,946 $107,208
2016 $3,210 $150,151 $45,045 $105,106
2015 $3,850 $147,896 $44,369 $103,527
2014 $3,217 $145,000 $43,500 $101,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81631612

MLSListings

APN: 041-4191-012-00