T
Seller's Agent in 2022
Tyler Donahue
ALIVE Commercial Real Estate
1422 Drake Dr Davis, CA 95616
Central Davis NeighborhoodEstimated Value: $1,389,000 - $1,604,000
10
Beds
6
Baths
3,900
Sq Ft
$388/Sq Ft
Est. Value
Highlights
- Engineered Wood Flooring
- No HOA
- Central Heating and Cooling System
- Robert E. Willett Elementary School Rated A
- Guest Parking
- Hot Water Heating System
About This Home
As of August 20221422 Drake Dr is an opportunity to acquire (4) units comprised of two and three bedroom townhouse style floor plans in Davis, CA, one of the strongest rental markets in the country. The property is comprised of (2) three-bedroom one and one-half-bathroom townhouses and (2) two-bedroom one-bathroom townhouses, all boasting size-able square footage. The property has undergone recent improvements including new dual pane windows, HVAC, & hot water heaters. This opportunity presents the savvy investor with the infrequent opportunity to own in a market with low transaction velocity, strict inventory growth restrictions imposed by the city, and high demand from the ever increasing enrollment at UC Davis resulting in less than 2% average vacancy through the last decade.
Last Agent to Sell the Property
Tyler Donahue
ALIVE Commercial Real Estate License #02112111 Listed on: 07/12/2022
Last Buyer's Agent
Joe Deulloa
eXp Realty of California Inc. License #00943470
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,836
Year Built
- Built in 1969
Lot Details
- 8,525 Sq Ft Lot
Home Design
- Quadruplex
- Flat Roof Shape
- Slab Foundation
- Stucco
Interior Spaces
- 2-Story Property
- Carbon Monoxide Detectors
Flooring
- Engineered Wood
- Carpet
- Tile
Parking
- 6 Parking Spaces
- Guest Parking
- Off-Street Parking
Utilities
- Central Heating and Cooling System
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 034-012-003-000
Community Details
Overview
- No Home Owners Association
- 4 Units
Additional Features
- Laundry Facilities
- 4 Leased Units
- Building Fire Alarm
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 21, 2024
Sold by
Mogannam Bishara and Mogannam Lisa
Bought by
Mogannam 1422 Drake Llc
Current Estimated Value
Purchase Details
Listed on
Jul 12, 2022
Closed on
Aug 15, 2022
Sold by
Cecilia Hing Ling Kwan Revocable Trust
Bought by
Mogannam Bishara and Mogannam Lisa
Seller's Agent
Tyler Donahue
ALIVE Commercial Real Estate
Buyer's Agent
Joe Deulloa
eXp Realty of California Inc.
List Price
$1,535,000
Sold Price
$1,500,000
Premium/Discount to List
-$35,000
-2.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.35%
Original Mortgage
$1,125,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 6, 2006
Sold by
Kwan Cecilia Hing Ling
Bought by
Revocab Kwan Cecilia
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 |
|---|---|---|---|
| Mogannam 1422 Drake Llc | -- | None Listed On Document | |
| Mogannam 1422 Drake Llc | -- | None Listed On Document | |
| Mogannam Bishara | $1,500,000 | Placer Title | |
| Revocab Kwan Cecilia | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mogannam Bishara | $1,125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2022 08/19/22 | Sold | $1,500,000 | -2.3% | $385 / Sq Ft |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- |
| 07/12/2022 07/12/22 | For Sale | $1,535,000 | -- | $394 / Sq Ft |
Source: MetroList
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 | $18,836 | $1,562,646 | $416,160 | $1,146,486 |
| 2023 | $18,836 | $1,501,040 | $400,000 | $1,101,040 |
| 2022 | $4,789 | $251,571 | $61,359 | $190,212 |
| 2021 | $4,660 | $246,728 | $60,156 | $186,572 |
| 2020 | $4,573 | $244,370 | $59,540 | $184,830 |
| 2019 | $4,284 | $238,993 | $58,373 | $180,620 |
| 2018 | $4,035 | $234,420 | $57,229 | $177,191 |
| 2017 | $3,946 | $229,948 | $56,107 | $173,841 |
| 2016 | $4,082 | $225,636 | $55,007 | $170,629 |
| 2015 | $3,946 | $221,653 | $54,181 | $167,472 |
| 2014 | $3,946 | $217,320 | $53,120 | $164,200 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2022
Joe Deulloa
eXp Realty of California Inc.
Map
Source: MetroList
MLS Number: 222092828
APN: 034-012-003-000
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