NOT LISTED FOR SALE

14688 Palmer Ave Clearlake, CA 95422

Estimated Value: $194,000 - $212,000

2 Beds
2 Baths
1,152 Sq Ft
$176/Sq Ft Est. Value

Sale Details

Date Sold: August 10, 2021

Last sale price $200,000 $174 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,349 / mo

50 Days on Market

Highlights

  • Fishing
  • Community Lake
  • No HOA
  • All Bedrooms Downstairs
  • Property is near park and public transit
  • 5-minute walk to Rebud Park

About This Home

As of August 2021

Lake County Residential Income Property. Great Residential Income starter property. This duplex consists of two 600 sq. ft. units. Each has one bedroom, an additional room (storage, office, small bedroom), one bath and a living/kitchen area. Both units were renovated with some new flooring, and paint before the current, month to month tenants, moved in less than 6 months ago. The units each have wall air and heat units, fully insulated walls, dual-pane windows, and perimeter foundations. There is a garage that the tenants share for storage. As per the owner both the duplex and the garage have roofs that are approximately 10 to 12 years old. They are on city water and sewer which the owner pays for. Each unit has an electric meter and the tenants pay there own electricity. Showing of the inside of the duplex is restricted so call the listing agent for showing information.

Last Agent to Sell the Property

Jim Magliulo

Country Air Properties License #01852966 Listed on: 03/25/2021

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 4,768 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Combination Of Materials Used In The Driveway

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,152 Sq Ft Home
  • Double Pane Windows
  • Home Office

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Electric Dryer Hookup

Additional Features

  • Property is near park and public transit
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 6 / 44
  • Assessor Parcel Number 040192190000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Community Lake
  • Foothills

Recreation

  • Fishing
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • Fuel Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Operating Expense $1
  • Gross Income $19,188
  • Net Operating Income $1,599

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

4,768 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 040192190000
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Price Per Square Foot: 173.61
  • Room Type: All Bedrooms Down, Office
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway - Combination
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing, Foothills, Hiking, Lake, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Gentle Sloping, Lot 10000-19999 Sqft, Level, Near Public Transit, Park Nearby, Paved
  • Lot Size Sq Ft: 4768.00
  • Lot Size Acres: 0.1095

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average Studio Area: 600 Square Feet
  • Fuel Expense: 1.00
  • Gross Income: 19188.00
  • Gross Scheduled Income: 1600.00
  • Insurance Expense: 1.00
  • Lot Size Area: 4768.0000 Square Feet
  • Net Operating Income: 1599.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Total: 2
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 1.00
  • Rent Control: Yes
  • Total Expenses: 1.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Block: 44
  • Tax Census Tract: 8.02
  • Tax Lot: 6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
Aug 4, 2021
Sold by
Bought by
Seller's Agent
Jim Magliulo
Country Air Properties
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$195,000
Sold Price
$200,000
Premium/Discount to List
$5,000
2.56%
Current Estimated Value
$209,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,777
Avg. Annual Appreciation
0.31%
Original Mortgage
$193,325
Interest Rate
0.03%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$200,000 Fidelity Natl Ttl Co Of Ca
$89,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $193,325
Closed $175,000
Closed $62,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/10/2021 08/10/21 Sold $200,000 +2.6% $174 / Sq Ft
03/25/2021 03/25/21 For Sale $195,000 -- $169 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,596 $212,241 $37,142 $175,099
2024 $2,565 $208,080 $36,414 $171,666
2023 $2,533 $204,000 $35,700 $168,300
2022 $2,405 $200,000 $35,000 $165,000
2021 $942 $65,000 $15,000 $50,000
2020 $945 $65,000 $15,000 $50,000
2019 $922 $65,000 $15,000 $50,000
2018 $935 $65,000 $15,000 $50,000
2017 $908 $65,000 $15,000 $50,000
2016 $808 $65,000 $15,000 $50,000
2015 $805 $65,000 $15,000 $50,000
2014 $804 $65,000 $15,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC21062439

California Regional Multiple Listing Service (CRMLS)

APN: 040-192-190-000

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