NOT LISTED FOR SALE

1462 Marclair Dr Concord, CA 94521

Midtown Concord Neighborhood

Estimated Value: $1,105,000 - $2,095,000

8 Beds
4 Baths
3,168 Sq Ft
$451/Sq Ft Est. Value

Last Sold April 02, 2018

Last sale price $950,000 $300 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $8,749/month

About This Home

As of April 2018

Great Investment opportunity, fourplex in very desirable area, near shopping and transportation, 4 unit building, all rented, 4 assigned carport parking spaces, additional storage for each tenant

Last Agent to Sell the Property

Arnoldo Diaz

Compass License #01290183 Listed on: 02/22/2018

Compass

Last Buyer's Agent

Monica Chung

Andersen, Jung & Co License #01079185

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,399 Sq Ft Lot

Home Design

  • Quadruplex
  • Tar and Gravel Roof

Interior Spaces

  • 3,168 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $55,200

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: 1103
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3168
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3168
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Roof: Tar And Gravel

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1469
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.38
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Income Annual Gross: 55200.00
  • Income Annual Rental: 55200
  • Income Gross Scheduled: 55200
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2018
Sold by
Li Clifton and Li Shirley Tong
Bought by
Li Clifton and Li Shirley Tong
Current Estimated Value
$1,428,267

Purchase Details

Listed on
Feb 22, 2018
Closed on
Mar 28, 2018
Sold by
Gonzalez Alfonso and Gonzalez Amparo
Bought by
Li Clifton and Li Shirley Tong
Seller's Agent
Arnoldo Diaz
Compass
Buyer's Agent
Monica Chung
Andersen, Jung & Co
List Price
$849,000
Sold Price
$950,000
Premium/Discount to List
$101,000
11.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$530,125
Outstanding Balance
$455,261
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$973,006

Purchase Details

Closed on
Jul 7, 1997
Sold by
Sherbourne Ronald S and Sherbourne Diane L
Bought by
Gonzales Alfonso and Gonzalez Amparo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Li Clifton -- None Available
Li Clifton $950,000 North American Title Company
Gonzales Alfonso $192,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Clifton $530,125
Previous Owner Gonzales Alfonso $144,000
Closed Gonzales Alfonso $19,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2018 04/02/18 Sold $950,000 +11.9% $300 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $849,000 -- $268 / Sq Ft
Source: MLSListings

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 $15,197 $1,080,934 $455,130 $625,804
2024 $14,842 $1,059,740 $446,206 $613,534
2023 $14,842 $1,038,961 $437,457 $601,504
2022 $14,570 $1,018,590 $428,880 $589,710
2021 $14,152 $998,619 $420,471 $578,148
2019 $13,834 $969,000 $408,000 $561,000
2018 $5,659 $269,422 $75,769 $193,653
2017 $5,389 $264,140 $74,284 $189,856
2016 $5,137 $258,962 $72,828 $186,134
2015 $4,927 $255,074 $71,735 $183,339
2014 $4,699 $250,078 $70,330 $179,748
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Arnoldo Diaz

    Compass

    Section Image

  • M

    Buyer's Agent in 2018

    Monica Chung

    Andersen, Jung & Co

  • J

    Buyer Co-Listing Agent in 2018

    Jonathan Rockmore

    Andersen, Jung & Co.

See All Agents

Map

Source: MLSListings

MLS Number: ML81693589

MLSListings

APN: 133-160-034-4

California Contra Costa County Concord 94521 Midtown Concord

1462 Marclair Dr, Concord, CA

Not Listed for Sale

MultiFamily

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