NOT LISTED FOR SALE

1480 Lambert Way Turlock, CA 95380

Estimated Value: $568,591

8 Beds
4 Baths
3,360 Sq Ft
$169/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $267,500 $80 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $3,015/month

129 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • 1-Story Property
  • John H. Pitman High School Rated A-

About This Home

As of July 2014

4Plex with each unit having 2 bedrooms and 1 bathroom. Central A/C and Heating. Property consist of 2 buildings with separate storage and laundry room. All units rented. Total Rents are $2,400/monthly

Last Agent to Sell the Property

Saul Gonzalez

The Real Estate Center License #01405036 Listed on: 03/11/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • 1985

Lot Details

  • 9,583

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,360 Sq Ft Home
  • 1-Story Property

Parking

  • Carport
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $28,800
  • The owner pays for garbage, water

Community Details

Overview

  • 4 Units
  • 3,360 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $800
  • Trash Expense $600
  • Operating Expense $6,257
  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

0

Listing Details

  • Zoning: pd
  • Subclass: Fourplex
  • Age: 29
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 79.61
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3360
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Living Sq Ft: 3360
  • Stories: 1
  • Laundry: 220 Volt Outlet, Community Facility

Exterior Features

  • Roof: Shingle, Composition

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Uncovered Parking, Carport

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Turlock Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9583.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9583.00
  • Lot Size Area Min Search: 9583.00
  • Maximum Lot Size: 9583.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 9.55

Multi Family

  • Expense Insurance: 800
  • Expenses Total: 6257
  • Expense Trash: 600
  • Expense Water Sewer: 2700
  • Income Annual Gross: 28800.00
  • Income Annual Rental: 28800
  • Income Gross Scheduled: 28800
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Services - Sewer
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2014
Closed on
Jul 16, 2014
Sold by
Rhodes Keith
Bought by
City Of Turlock
Seller's Agent
Saul Gonzalez
The Real Estate Center
List Price
$275,000
Sold Price
$267,500
Premium/Discount to List
-$7,500
-2.73%
Current Estimated Value
$568,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,091
Avg. Annual Appreciation
6.90%

Purchase Details

Closed on
Jan 6, 2011
Sold by
Smith Charles B and The Benny Lynn Revocable Trust
Bought by
Rhodes Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,259
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2006
Sold by
Delhart B L and The Benny Lynn Revocable Trust
Bought by
Smith Charles B and The Benny Lynn Irrevocable Tru

Purchase Details

Closed on
May 7, 1999
Sold by
Bankers Trust Company Of California Na
Bought by
Countrywide Home Loans Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,250
Interest Rate
6.94%
Mortgage Type
Construction

Purchase Details

Closed on
May 4, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Searls Robert and Benny Lynn Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,250
Interest Rate
6.94%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 19, 1999
Sold by
Riazi Khosrow and Riazi Minoo
Bought by
Bankers Trust Amer98-1 26022

Purchase Details

Closed on
Jan 5, 1999
Sold by
Riazi Khosrow and Riazi Minou
Bought by
Americas Wholesale Lender
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
City Of Turlock $267,500 Stewart Title Of Ca Inc
Rhodes Keith $187,000 Old Republic Title Company
Smith Charles B -- Fidelity National Title
Countrywide Home Loans Inc -- --
Searls Robert $99,000 First American Title Ins Co
Bankers Trust Amer98-1 26022 $85,000 First American Title Ins Co
Americas Wholesale Lender -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhodes Keith $182,259
Previous Owner Searls Robert $125,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $267,500 -2.7% $80 / Sq Ft
07/18/2014 07/18/14 Pending -- -- --
03/11/2014 03/11/14 For Sale $275,000 -- $82 / 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
2024 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2014 $2,146 $195,436 $47,030 $148,406
Source: Public Records

Agents Affiliated with this Home

  • Saul Gonzalez

    Seller's Agent in 2014

    Saul Gonzalez

    The Real Estate Center

    (408) 821-0910

    32 Total Sales

    Saul Gonzalez
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Map

Source: MLSListings

MLS Number: ML81407585

MLSListings

APN: 061-40-04

California Stanislaus County Turlock 95380

1480 Lambert Way, Turlock, CA

This home is located at 1480 Lambert Way, Turlock, CA 95380 since 11 March 2014 and is currently estimated at $568,591, approximately $169 per square foot. This property was built in 1985. 1480 Lambert Way is a home located in Stanislaus County with nearby schools including Crowell Elementary School, Marvin A. Dutcher Middle School, and Turlock Junior High School.

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