NOT LISTED FOR SALE

140 Northside Ave Sonoma, CA 95476

Estimated Value: $667,000 - $1,551,000

19 Beds
3 Baths
6,499 Sq Ft
$158/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $2,900,000 $446 Per Sq Ft

Current estimated payment $6,319/month

71 Days on Market

Highlights

  • 0.52 Acre Lot
  • Laundry Facilities
  • Heating Available
  • Private Yard

About This Home

As of September 2020

Formerly know as The Springs Resort, 140 Northside Avenue is a well-located multi-unit courtyard style complex in a fantastic location. This 14-unit property consists of eight cottages, two duplexes and one fourplex. The unit mix includes two studios, six one-bedrooms, five two-bedrooms and one three-bedroom. Twelve of the units feature private yards, and all residents can enjoy a large central common area. This offering is composed of 4 different parcels with their own APN numbers, which allows for loan flexibility for an investor or family compound. The units are separately metered for gas and electricity, and have separate water heaters. For the resident's convenience, a coin-operated laundry room is located onsite. Built in the 1920s, its long term owners have kept the property well maintained. Easy to manage, this property is ideal for the investor, as well as owner/user, seeking upside potential or opportunities for multi-generational housing.

Last Agent to Sell the Property

David Rendino

RE/MAX Marketplace License #01252035 Listed on: 06/25/2020

RE/MAX Marketplace

Last Buyer's Agent

David Rendino

RE/MAX Marketplace License #01252035 Listed on: 06/25/2020

RE/MAX Marketplace

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,309

Year Built

  • Built in 1921

Lot Details

  • 0.52 Acre Lot
  • Private Yard

Parking

  • Off-Street Parking

Home Design

  • 6,499 Sq Ft Home
  • Garden Apartment
  • Composition Roof

Utilities

  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 056-371-003-000

Community Details

Overview

  • 10 Buildings
  • 14 Units

Additional Features

  • Laundry Facilities
  • Gross Income $270,492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,309

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Garden Apartments
  • Directions To Property: Gregor St to Pine.
  • Lot Size Acres: 0.5165
  • CapRate: 7.50
  • Actual or Scheduled: Scheduled
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 446.22
  • Square Footage: 6499
  • NumberOfBuildings: 10

Exterior Features

  • Foundation: Other
  • Roof: Composition
  • ExteriorFeatures: Yard Space

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Electric
  • Laundry Features: Coin Operated
  • Separate Meters: Electricity

Lot Info

  • Assessor Parcel Number: 056-371-003-000
  • Lot Size Sq Ft: 22500

Building Info

  • Year Built: 1921

Multi Family

  • One Bedroom Annual Occupancy: 83
  • 1 Bedroom Rent Range: $1200-$1782
  • Two Bedroom Annual Occupancy: 80
  • Two Bedroom Rent Range: $1,725 - $1850
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: 2100
  • Number Of1 Bedrooms Occupied: 5
  • Number of 1 Bedroom Units: 6
  • Number Of2 Bedrooms Occupied: 4
  • Number of 2 Bedroom Units: 5
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • Number of Studio Units: 2
  • NumberOfUnitsTotal: 14
  • Number Studios Occupied: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2021
Sold by
Mertens Abraham and Madison Ivory
Bought by
Valley Of The Moon Cottages Llc
Current Estimated Value
$1,024,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,775,000
Outstanding Balance
$2,541,498
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$1,425,498

Purchase Details

Listed on
Jun 25, 2020
Closed on
Aug 27, 2020
Sold by
Whiteley David and Finlay Christine M
Bought by
Mertens Abraham and Madison Ivory
Seller's Agent
David Rendino
RE/MAX Marketplace
Buyer's Agent
David Rendino
RE/MAX Marketplace
List Price
$2,900,000
Sold Price
$2,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.35%
Original Mortgage
$302,600
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2010
Sold by
Finlay Christine M
Bought by
Whiteley David and Finlay Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,000
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2003
Sold by
Whiteley David D
Bought by
Finlay Christine M

Purchase Details

Closed on
Dec 3, 2001
Sold by
Finlay Christine M
Bought by
Whiteley David D and Finlay Christine M

Purchase Details

Closed on
Jun 5, 1997
Sold by
Jane Bridges Thomas S and Jane A
Bought by
Finlay Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,750
Interest Rate
7.37%
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
Valley Of The Moon Cottages Llc -- First American Title Company
Mertens Abraham $2,900,000 First American Title Company
Whiteley David -- First American Title Company
Finlay Christine M -- First American Title Co
Whiteley David D -- First American Title Co
Finlay Christine M $437,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valley Of The Moon Cottages Ll $485,000
Open Valley Of The Moon Cottages Llc $2,775,000
Previous Owner Mertens Abraham $302,600
Previous Owner Mertens Abraham $2,247,500
Previous Owner Finlay Christine M $1,080,000
Previous Owner Whiteley David $251,000
Previous Owner Finlay Christine M $327,750
Closed Finlay Christine M $43,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2020 09/09/20 Sold $2,900,000 0.0% $446 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $2,900,000 -- $446 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $10,309 $530,603 $206,935 $323,668
2024 $10,309 $520,200 $202,878 $317,322
2023 $10,309 $510,000 $198,900 $311,100
2022 $9,757 $510,000 $198,900 $311,100
2021 $9,404 $500,000 $195,000 $305,000
2020 $4,444 $77,361 $18,972 $58,389
2019 $4,209 $75,845 $18,600 $57,245
2018 $4,075 $74,359 $18,236 $56,123
2017 $0 $72,902 $17,879 $55,023
2016 $3,738 $71,474 $17,529 $53,945
2015 -- $70,401 $17,266 $53,135
2014 -- $69,023 $16,928 $52,095
Source: Public Records

Agents Affiliated with this Home

  • David Rendino

    Seller's Agent in 2020

    David Rendino

    RE/MAX Marketplace

    (707) 318-1851

    2 in this area

    137 Total Sales

    David Rendino
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 22014439

Bay Area Real Estate Information Services (BAREIS)

APN: 056-371-003

California Sonoma County Sonoma 95476

140 Northside Ave, Sonoma, CA

This home is located at 140 Northside Ave, Sonoma, CA 95476 since 25 June 2020 and is currently estimated at $1,024,667, approximately $157 per square foot. This property was built in 1921. 140 Northside Ave is a home located in Sonoma County with nearby schools including Flowery Elementary School, Adele Harrison Middle School, and Creekside High School.

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.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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