NOT LISTED FOR SALE

12771 1st Dr Cutler, CA 93615

Orosi Area
6 Beds
4 Baths
2,562 Sq Ft
9,504 Sq Ft Lot

Sale Details

Date Sold: August 13, 2014

Last sale price $255,000 $100 Per Sq Ft

123 Days on Market

Highlights

  • Colonial Architecture
  • Central Heating and Cooling System
  • Carpet
  • No HOA

About This Home

As of August 2014

Value add opportunity

Last Agent to Sell the Property

James Quessenberry

Northwind Commercial Inc License #01264498 Listed on: 03/28/2014

Last Buyer's Agent

James Quessenberry

Northwind Commercial Inc License #01264498 Listed on: 03/28/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 9,504 Sq Ft Lot
  • Lot Dimensions are 95.04x100

Home Design

  • Colonial Architecture
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Parking

  • 1 Parking Space Included
  • 10 Open Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for rent only
  • Assessor Parcel Number 0321-4202-5

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 14 Units

Building Details

  • 13 Leased Units
  • 1 Vacant Unit
  • 14 Units Leased Month-To-Month
  • Insurance Expense $3,150
  • Operating Expense $47,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

9,504 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1981
  • Accessibility Features: 0
  • Architectural Style: Colonial
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: Carpet, Laminate

Exterior Features

  • Construction Materials: Frame, Stucco
  • Disclosures/Documents: See Remarks
  • Listing Price: 420000.00
  • Patio And Porch Features: See Remarks
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 10
  • Parking Features: Open, 1-Space Per Unit

Utilities

  • Security: See Remarks
  • Cooling: Central, Wall Unit(s)
  • Heating: Central, Wall Furnace

Condo/Co-op/Association

  • Association Features: See Remarks
  • Association: No

Schools

  • Senior High School District: Other

Lot Info

  • Zoning Description: multi family
  • Lot Size Acres: 0.2182
  • Lot Dimensions: 95.04x100
  • Lot Size Sq Ft: 9504

Rental Info

  • Tenant Pays: Rent Only
  • Total # Leasable: 14

Multi Family

  • Operating Expense: 47300
  • Income Includes: See Remarks
  • Existing Lease Type: See Remarks
  • Insurance Expense: 3150
  • Number of Leased Units: 13
  • Number of Month to Month Units: 14
  • Number of Units: 14
  • Number of Vacant Units: 1
  • Units Furnished: None
  • Gross Income Multiplier: 4.000

Tax Info

  • Assessor Parcel Number: 0321-4202-5

MLS Schools

  • School District (County): Other

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
Mar 28, 2014
Closed on
Aug 13, 2014
Sold by
Bought by
Seller's Agent
James Quessenberry
Northwind Commercial Inc
Buyer's Agent
James Quessenberry
Northwind Commercial Inc
List Price
$420,000
Sold Price
$255,000
Premium/Discount to List
-$165,000
-39.29%

Purchase Details

Closed on
Jan 15, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2014
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.21%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$255,000 Chicago
$350,000 First American Title Company
$300,000 None Available
$650,000 Chicago Title Co
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
Previous Owner $487,500
Previous Owner $801,000
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
08/13/2014 08/13/14 Sold $255,000 -39.3% $100 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
03/27/2014 03/27/14 For Sale $420,000 -- $164 / 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
2025 $3,258 $306,470 $50,477 $255,993
2024 $3,258 $300,462 $49,488 $250,974
2023 $3,191 $294,571 $48,518 $246,053
2022 $3,093 $288,796 $47,567 $241,229
2021 $3,046 $283,133 $46,634 $236,499
2020 $2,956 $280,230 $46,156 $234,074
2019 $2,991 $274,735 $45,251 $229,484
2018 $3,004 $269,348 $44,364 $224,984
2017 $2,972 $264,067 $43,494 $220,573
2016 $2,886 $258,889 $42,641 $216,248
2015 $4,341 $255,000 $42,000 $213,000
2014 $4,341 $400,891 $100,000 $300,891
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 14018071

MetroList
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