NOT LISTED FOR SALE

1418 Palomar Cir Sacramento, CA 95831

South Land Park Neighborhood

Estimated Value: $571,432 - $752,000

4 Beds
2 Baths
1,550 Sq Ft
$421/Sq Ft Est. Value

Last Sold November 05, 2018

Last sale price $464,000 $299 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,074/month

9 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • 1-Story Property

About This Home

As of November 2018

Immaculate DUPLEX in coveted South Land Park. 2bed 1bath ~750-800sqft per side, on 8,712sqft lot. Updated! Roof, windows, shutters, flooring, kitchens, plumbing, and more. Little to no expenses once purchased. Expected $1,450 per side. ~6% CAP. Huge appreciation area. Perfect live& rent, or stable addition to portfolio. Desirable corner lot. Private entry each side. 1 car attached both sides & extra parking. RV/Boat storage. Long term family neighborhood. Fab school district & walkable

Last Agent to Sell the Property

Michael Nerby

Coldwell Banker Realty License #01975620 Listed on: 09/27/2018

Coldwell Banker Realty

Last Buyer's Agent

Stephen Grimes

RE/MAX Gold Midtown License #01939821

RE/MAX Gold Midtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,300

Year Built

  • Built in 1959

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Utilities

  • Wall Furnace
  • 220 Volts

Listing and Financial Details

  • Security Deposit $1,450
  • Tenant pays for cable tv electricity gas see remarks
  • Assessor Parcel Number 029-0065-002-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units
  • Insurance Expense $1,200
  • Operating Expense $6,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,300

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1959
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Number of Two Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Appliances: Built-In Electric Oven,Built-In Gas Range,Disposal,Gas Water Heater
  • Flooring: Tile,Linoleum/Vinyl
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Roof Inspection,Structural Pest Control Report
  • Listing Price: 459900.00
  • Patio And Porch Features: Uncovered Deck,Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 2
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage,Street,1+ Space Per Unit
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Ceiling Fan(s),Window Unit(s),Other
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Utilities Expenses: 1200

Condo/Co-op/Association

  • Association Features: Extra Storage,Laundry Hook-Up in Units,Public Trans Nearby,RV/Boat Storage,Yard Space
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R1-EA-2
  • Lot Size Acres: 0.2000
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,See Remarks
  • Total Deposit: 1450
  • Total # Leasable: 2

Multi Family

  • Gross Income: 34800
  • Operating Expense: 6960
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 1200
  • Number of Units: 2
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 029-0065-002-0000
  • Current RE Taxes: 4300

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2019
Sold by
Moitra Avijit and Moitra Chitralekha
Bought by
Moitra Avijit and Moitra Chitralekha
Current Estimated Value
$652,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2018
Closed on
Nov 1, 2018
Sold by
Coolshannagh Enterprises Llc
Bought by
Moitra Avijit and Moitra Chitralekha
Seller's Agent
Michael Nerby
Coldwell Banker Realty
Buyer's Agent
Stephen Grimes
RE/MAX Gold Midtown
List Price
$459,900
Sold Price
$464,000
Premium/Discount to List
$4,100
0.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%
Original Mortgage
$301,600
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2018
Sold by
Lucas David and Lucas Catherine
Bought by
Coolshannagh Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2015
Sold by
Lai James
Bought by
Lai James and Lucas David E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Moitra Avijit -- First American Title Company
Moitra Avijit $464,000 First American Title Company
Coolshannagh Enterprises Llc $360,000 First American Title
Lai James -- None Available
Lai James -- None Available
Lai John -- None Available
Lai Ronald -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moitra Avijit $312,500
Closed Moitra Avijit $305,500
Closed Moitra Avijit $301,600
Previous Owner Coolshannagh Enterprises Llc $326,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2018 11/05/18 Sold $464,000 +0.9% $299 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $459,900 -- $297 / Sq Ft
Source: MetroList

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 $6,193 $517,596 $167,325 $350,271
2024 $6,193 $507,448 $164,045 $343,403
2023 $6,041 $497,499 $160,829 $336,670
2022 $5,955 $487,745 $157,676 $330,069
2021 $5,668 $478,183 $154,585 $323,598
2020 $5,712 $473,280 $153,000 $320,280
2019 $5,591 $464,000 $150,000 $314,000
2018 $2,372 $181,910 $75,925 $105,985
2017 $2,317 $178,344 $74,437 $103,907
2016 $2,339 $174,848 $72,978 $101,870
2015 $1,666 $116,784 $35,704 $81,080
2014 $1,010 $59,351 $16,683 $42,668
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Nerby

    Coldwell Banker Realty

    Section Image

  • S

    Buyer's Agent in 2018

    Stephen Grimes

    RE/MAX

    Section Image
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Map

Source: MetroList

MLS Number: 18066514

MetroList

APN: 029-0065-002

California Sacramento County Sacramento 95831 South Land Park

1418 Palomar Cir, Sacramento, CA

This home is located at 1418 Palomar Cir, Sacramento, CA 95831 since 27 September 2018 and is currently estimated at $652,858, approximately $421 per square foot. This property was built in 1959. 1418 Palomar Cir is a home located in Sacramento County with nearby schools including Pony Express Elementary School, Sam Brannan Middle School, and John F. Kennedy 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.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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