Seller's Agent in 2022
Sabrina Castrillon
Century 21 Union Realty
(424) 262-3133
1 in this area
47 Total Sales
1407 E Colon St Wilmington, CA 90744
Estimated Value: $835,000 - $1,032,000
6
Beds
3
Baths
2,536
Sq Ft
$373/Sq Ft
Est. Value
Highlights
- Laundry Room
- Back Yard
- 2-minute walk to East Wilmington Vest Pocket Park
About This Home
As of May 2022Have a big family or looking for tenants to help pay for your mortgage or get a great investment? Check out this wonderful triplex in Wilmington that can do all 3. Each unit in this triplex has 2 bedrooms and 1 bath. The front building has top and bottom units and the third unit is a detached bungalow with a private front and rear yard. This triplex will be delivered with 2 units vacant - a rare find in today’s market! The third unit will remain with tenants and is collecting $1,750 a month in rent. Triplex has been well maintained with many upgrades totaling almost $100,000 in renovations over recent years. The back and detached unit had complete electrical work done in 2019 and earthquake retrofitted in 2018. New plumbing was installed in the back unit in 2013 and the front units in 2017. The rear unit has all new flooring and drywall in the living room, bathroom and kitchen. The other units have been updated as well and all 3 units had new furnaces installed in 2015. The beautiful stucco and wrought iron fence and gate have been recently installed. The private front yard of the back bungalow has been cemented for easy maintenance this year. This triplex is a perfect opportunity for an investor looking for passive income or a buyer looking to live in one and rent out the others or a multi-family arrangement. Come and take a look today!
Last Agent to Sell the Property
Century 21 Union Realty License #02060227 Listed on: 04/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,534
Year Built
- Built in 1963
Lot Details
- 4,739 Sq Ft Lot
- No Common Walls
- Back Yard
Home Design
- 2,536 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 250
- Tax Tract Number 294
- Assessor Parcel Number 7426013030
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,466
- Trash Expense $2,400
- Operating Expense $6,266
- Gross Income $67,848
- Net Operating Income $61,582
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%
Purchase Details
Closed on
Nov 14, 2016
Sold by
Racic Grozdana
Bought by
Racic Grozdana and Sanders Rene
Purchase Details
Closed on
Jul 9, 2013
Sold by
Racic Grozdana
Bought by
Racic Grozdana and Grozdana Racic Living Trust
Purchase Details
Closed on
Mar 27, 2007
Sold by
Sanders Donald
Bought by
Racic Grozdana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,500
Interest Rate
9.4%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tegel | -- | -- | |
| Racic Grozdana | -- | None Available | |
| Racic Grozdana | -- | None Available | |
| Racic Grozdana | -- | United Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Tegel | -- | |
| Previous Owner | Racic Grozdana | $396,500 | |
| Previous Owner | Sanders Donald | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2022 05/19/22 | Sold | $890,000 | +4.8% | $351 / Sq Ft |
| 04/18/2022 04/18/22 | Pending | -- | -- | -- |
| 04/07/2022 04/07/22 | For Sale | $849,000 | -- | $335 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,534 | $944,474 | $636,724 | $307,750 |
| 2024 | $11,534 | $925,956 | $624,240 | $301,716 |
| 2023 | $11,314 | $907,800 | $612,000 | $295,800 |
| 2022 | $3,563 | $269,767 | $141,984 | $127,783 |
| 2021 | $3,507 | $264,478 | $139,200 | $125,278 |
| 2020 | $3,537 | $262,347 | $137,773 | $124,574 |
| 2019 | $3,409 | $257,215 | $135,072 | $122,143 |
| 2018 | $3,335 | $252,184 | $132,424 | $119,760 |
| 2017 | $3,265 | $246,672 | $129,828 | $116,844 |
| 2016 | $3,166 | $241,836 | $127,283 | $114,553 |
| 2015 | $3,124 | $238,205 | $125,372 | $112,833 |
| 2014 | $3,153 | $233,540 | $122,917 | $110,623 |
Source: Public Records
Agents Affiliated with this Home
-
Sabrina Castrillon
-
Krissy Mussenden
Buyer's Agent in 2022
Krissy Mussenden
Buckingham Investments, Inc
(407) 341-3254
1 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22069717
APN: 7426-013-030
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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