NOT LISTED FOR SALE

Estimated Value: $442,136

-- Bed
6 Baths
4,230 Sq Ft
$105/Sq Ft Est. Value

Last Sold December 16, 2015

Last sale price $242,500 $57 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,904/month

33 Days on Market

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Corner Lot

About This Home

As of December 2015

This 6 plex property of all two bedroom units show well with most of the units having been remodeled within the last 4 years. Very low vacancy rate with these all electric units. There is room for upward movement of rents due to these units being priced toward the lower end of 2 bedroom units average pricing. Plenty of parking in back of building. There are no vacant units at this time. Seller also had 1311 SW 10th listed but this property can be bought individually. Washer and Dryer are owned by management company.

Last Agent to Sell the Property

Keith Morris

Best Choice Realty License #20030348 Listed on: 10/21/2015

Last Buyer's Agent

Scott Semin

R.D. Hinkley & Associates License #0840013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,975

Year Built

  • Built in 1979

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 122 x 130
  • Corner Lot

Parking

  • 12 Parking Spaces

Home Design

  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Additional Features

  • 6 Full Bathrooms
  • Forced Air Heating and Cooling System
  • Basement

Listing and Financial Details

  • Total Actual Rent $2,825
  • Assessor Parcel Number 1027305010000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Insurance Expense $1,224
  • Maintenance Expense $2,931
  • Manager Expense $2,596
  • Other Expense $656
  • Net Operating Income $33,525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,975

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Parcel Number: 1027305010000
  • Property Sub Type: Multi Family
  • Other Expense: 656
  • Year Built: 1979
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3641
  • Lot Size: 122 x 130
  • Directions: Corner of SW 10th and West A.
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 6
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Property Condition: Not New and NOT a Model
  • Roof: Wood Shingle

Garage/Parking

  • Total Parking Spaces: 12

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Features: Up to 1/4 Acre., Corner Lot
  • Lot Size Sq Ft: 15860
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1224
  • Maintenance Expense: 2931
  • Number Of Units Total: 6
  • Resident Manager Expense: 2596
  • Property Net Operating Income: 33525
  • Total Actual Rent: 2825

Tax Info

  • Tax Annual Amount: 3975

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2015
Closed on
Dec 16, 2015
Sold by
Rodrigo Upali M and Rodrigo Malani
Bought by
Vc Investments Llc
Seller's Agent
Keith Morris
Best Choice Realty
Buyer's Agent
Scott Semin
R.D. Hinkley & Associates
List Price
$249,000
Sold Price
$242,500
Premium/Discount to List
-$6,500
-2.61%
Current Estimated Value
$442,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,636
Avg. Annual Appreciation
6.28%
Original Mortgage
$181,800
Outstanding Balance
$146,215
Interest Rate
3.98%
Mortgage Type
Commercial
Estimated Equity
$292,945

Purchase Details

Closed on
Mar 5, 2007
Sold by
Horst Darin D and Horst Tonya J
Bought by
Rodrigo Upali M and Rodrigo Malani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
6.25%
Mortgage Type
Commercial
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
Vc Investments Llc $243,000 Union Title Company Llc
Rodrigo Upali M $223,000 Ctc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vc Investments Llc $181,800
Previous Owner Rodrigo Upali M $178,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2015 12/16/15 Sold $242,500 -2.6% $57 / Sq Ft
11/07/2015 11/07/15 Pending -- -- --
10/05/2015 10/05/15 For Sale $249,000 -- $59 / Sq Ft
Source: Great Plains Regional MLS

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 $6,150 $441,000 $45,000 $396,000
2023 $7,039 $420,000 $45,000 $375,000
2022 $7,386 $370,600 $45,000 $325,600
2021 $6,165 $327,000 $45,000 $282,000
2020 $4,637 $242,700 $45,000 $197,700
2019 $4,638 $242,700 $45,000 $197,700
2018 $4,658 $242,700 $45,000 $197,700
2017 $4,043 $208,700 $45,000 $163,700
2016 $4,064 $208,700 $45,000 $163,700
2015 $4,036 $208,700 $45,000 $163,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: L10125492

Great Plains Regional MLS

APN: 10-27-305-010-000