NOT LISTED FOR SALE

Estimated Value: $1,006,000 - $1,273,000

8 Beds
8 Baths
3,910 Sq Ft
$282/Sq Ft Est. Value

Last Sold October 01, 2014

Last sale price $522,500 $134 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $7,722/month

60 Days on Market

About This Home

As of October 2014

Rare opportunity to purchase a Class A apartment building in resort-like Brookside Park community of desirable Redlands. All four units face south on quiet Parker Court. Located close to excellent public schools, public transportation, Loma Linda University Medical Center, the Veterans Hospital, University of Redlands, and downtown Redlands. The building offers two, 2 bed 2 bath, townhome-style units with attached garages and laundry hookups. The other two, 2 bed 2 bath units have their own garages and community laundry within the building. Professionally-managed with leasing and maintenance office open seven days a week. Monthly management fee includes insurance, water, trash, sports facilities (6 pools, 3 spas, tennis, volleyball, and basketball courts), landscaping, and leasing fees.

Last Agent to Sell the Property

MAX MCDERMOTT

REALTY MASTERS & ASSOC. INC. License #01172284 Listed on: 06/05/2014

Last Buyer's Agent

John Aaroe

Compass License #00518100

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.31 Acre Lot
  • Two or More Common Walls

HOA Fees

  • $1,340 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • 3,910 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Pool

  • In Ground Pool
  • In Ground Spa

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 9959
  • Assessor Parcel Number 0292281360000

Community Details

Overview

  • 4 Units
  • Brookside Park Association, Phone Number (909) 792-4850

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $4,746
  • Net Operating Income $29,223

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,340 per month

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Property Type: Residential Income
  • Parcel Number: 0292281360000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 133.63
  • Spa Features: In Ground

Exterior Features

  • Pool Features: Community, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1340.00
  • Association Fee Frequency: Monthly
  • Association Name: Brookside Park
  • Phone: 909-792-4850
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 13428.00
  • Lot Size Acres: 0.3080

Multi Family

  • Gross Scheduled Income: 53760.00
  • Lot Size Area: 13428.0000 Square Feet
  • Net Operating Income: 29223.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24537.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4746.00
  • Tax Lot: 3
  • Tax Tract Number: 9959
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2017
Sold by
Wallace Darrell
Bought by
Wallace Darrell G and The Darrell G Wallace Revocabl
Current Estimated Value
$1,102,632

Purchase Details

Closed on
Jul 29, 2014
Sold by
Navarro Richard D and Duran Navarro Adriana
Bought by
Wallace Darrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,250
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2013
Sold by
Duran Navarro Adriana and Navarro Richard D
Bought by
Navarro Richard D and Duran Navarro Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,400
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2007
Sold by
Navarro Richard D and Duran Navarro Adriana
Bought by
Navarro Richard D and Duran Navarro Adriana

Purchase Details

Closed on
Jan 15, 2004
Sold by
Carnie George M and Carnie Deanna J
Bought by
Navarro Richard D and Navarro Adriana Duran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1994
Sold by
Ramage Richard M and Ramage Vivian A
Bought by
Carnie George M and Carnie Deanna J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wallace Darrell G -- None Available
Wallace Darrell $522,500 Advantage Title Inc
Navarro Richard D -- Spl Title Services
Duran Navarro Adriana -- Spl Title Services
Navarro Richard D -- None Available
Navarro Richard D $465,000 North American Title Company
Carnie George M $2,500 --
Carnie George M $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wallace Darrell $377,250
Previous Owner Duran Navarro Adriana $296,400
Previous Owner Navarro Richard D $325,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2014 10/01/14 Sold $522,500 -3.2% $134 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
06/05/2014 06/05/14 For Sale $540,000 -- $138 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,876 $627,967 $126,194 $501,773
2024 $7,357 $615,654 $123,720 $491,934
2023 $7,348 $603,582 $121,294 $482,288
2022 $7,243 $591,747 $118,916 $472,831
2021 $7,374 $580,144 $116,584 $463,560
2020 $7,265 $574,196 $115,389 $458,807
2019 $7,063 $562,937 $113,126 $449,811
2018 $6,889 $551,899 $110,908 $440,991
2017 $6,831 $541,077 $108,733 $432,344
2016 $6,755 $530,468 $106,601 $423,867
2015 $6,706 $522,500 $105,000 $417,500
2014 $5,119 $445,000 $67,000 $378,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14119035

California Regional Multiple Listing Service (CRMLS)

APN: 0292-281-36