NOT LISTED FOR SALE

14941 Monroe St Midway City, CA 92655

-- Bed
-- Bath
5,520 Sq Ft
8,242 Sq Ft Lot

Last Sold February 23, 2012

Last sale price $1,110,000 $201 Per Sq Ft

37 Days on Market

Highlights

  • Contemporary Architecture
  • Balcony
  • Floor Furnace
  • Demille Elementary Rated A-
  • 2 Car Direct Access Garage
  • Wood Siding

About This Home

As of February 2012

***Standard Sale*** Premier Townhouse Style 4 Plex-Priced to Sell. Each Unit has 3BRs/2BTHs 1380 sq ft, 2 Car Garages w/Laundry Hook-ups, Balconies, Direct Access from Garage, Built-In Fire Sprinklers, 3 Units are Rented at $1700 per month, 1 Unit at $1600 mo. Water is a Flat Fee as Midway City Has Their Own Private Water Wells.***Also, each unit has 2 enterance and may be divided. Upstairs portion has 2 bedrooms 1 Bathroom, Living Room, Kitchen & Vaulted Ceilings...Downstairs portion has 1 bedroom, 1 Bathroom, Family Room & a Large Wet Bar Area.***Rents are Below Market***

Last Agent to Sell the Property

Tim Castroreale

Coldwell Banker Realty License #01195494 Listed on: 11/18/2011

Coldwell Banker Realty

Last Buyer's Agent

Sharon Tran

First Team Real Estate License #01172483

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,242 Sq Ft Lot
  • Property fronts an alley

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,520 Sq Ft Home
  • Carpet

Outdoor Features

  • Balcony

Utilities

  • Floor Furnace
  • Private Water Source
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Block 9
  • Tax Tract Number 615
  • Assessor Parcel Number 09713413

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $300
  • Gardener Expense $500
  • Insurance Expense $1,800
  • Trash Expense $1,164
  • Water Sewer Expense $1,920
  • New Taxes Expense $11,360
  • Gross Income $6,750
  • Net Operating Income $60,816

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.36
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1920.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 09713413
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 201.09

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 1164.00
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8242.00
  • Lot Size Acres: 0.1890

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1380
  • Electric Expense: 300.00
  • Gross Income: 6750.00
  • Gross Multiplier: 14.01
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8242.0000 Square Feet
  • Net Operating Income: 60816.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 17754.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11360.00
  • Tax Area: 91013
  • Tax Block: 9
  • Tax Lot: 0.
  • Tax Tract Number: 615

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2012 02/23/12 Sold $1,110,000 -2.2% $201 / Sq Ft
12/25/2011 12/25/11 Pending -- -- --
11/18/2011 11/18/11 For Sale $1,135,000 -- $206 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,675 $1,394,218 $1,021,202 $373,016
2024 $16,675 $1,366,881 $1,001,179 $365,702
2023 $16,110 $1,340,080 $981,548 $358,532
2022 $15,866 $1,313,804 $962,302 $351,502
2021 $15,491 $1,288,044 $943,434 $344,610
2020 $15,308 $1,274,837 $933,760 $341,077
2019 $15,136 $1,249,841 $915,451 $334,390
2018 $15,136 $1,225,335 $897,501 $327,834
2017 $14,562 $1,201,309 $879,903 $321,406
2016 $14,102 $1,177,754 $862,650 $315,104
2015 $13,861 $1,160,064 $849,693 $310,371
2014 $13,550 $1,137,340 $833,048 $304,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S680245

California Regional Multiple Listing Service (CRMLS)

APN: 097-134-13