NOT LISTED FOR SALE

1502 Drake Dr Davis, CA 95616

Central Davis Neighborhood

Estimated Value: $1,261,468 - $1,263,000

10 Beds
6 Baths
3,796 Sq Ft
$333/Sq Ft Est. Value

Last Sold April 22, 2016

Last sale price $905,000 $238 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,728/month

75 Days on Market

Highlights

  • No HOA
  • Skylights
  • Central Heating and Cooling System
  • Robert E. Willett Elementary School Rated A

About This Home

As of April 2016

Rare four-plex near UCD. Sellers consistently have full occupancy for 25 years. 2 3-bed/1.5 bath, 2 2-bed/1 bath. All 2-story units. One bedroom is large enough for renter to share so can have 14 total tenants. Existing leases through 8/16 & 8/17. Rents are at below current market value. Lots of parking on property and street. Quieter location. Approximately 1 mi from campus, near bus lines, near Safeway and restaurants. 3bd is 1117 sf, 2bd is 781 sf. Home & Pest Inspection available.

Last Agent to Sell the Property

Patrick Quan

Coldwell Banker Realty License #01918240 Listed on: 02/08/2016

Coldwell Banker Realty

Last Buyer's Agent

Gerald Guay

Compass License #DRE #01168485

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 8,000

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property
  • Skylights

Parking

  • 6 Open Parking Spaces
  • On-Street Parking

Additional Features

  • 8,000 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 034-012-001-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 12 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1982
  • Stories: 2
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal,Free Standing Electric Range,Free Standing Refrigerator
  • Interior Amenities: Skylight(s)
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 899900.00
  • Patio And Porch Features: Enclosed Patio,Uncovered Patio
  • Roof: Flat,See Remarks

Garage/Parking

  • Open Parking Spaces: 6
  • Parking Features: Street

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Central
  • Heating: Central
  • Laundry Features: Washer/Dryer Owned,Washer/Dryer

Condo/Co-op/Association

  • Association Features: Patios/Balcony,Public Trans Nearby,Separate Laundry Facility,Yard Space
  • Association: No

Schools

  • Senior High School District: Davis Unified

Lot Info

  • Zoning Description: R3
  • Lot Size Acres: 0.1837
  • Lot Size Sq Ft: 8000

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Month to Month Units: 12
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 034-012-001-000

MLS Schools

  • School District (County): Yolo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2016
Closed on
Apr 28, 2016
Sold by
Mogannam Lisa
Bought by
Mogannam Bishara A
Seller's Agent
Patrick Quan
Coldwell Banker Realty
Buyer's Agent
Gerald Guay
Compass
List Price
$899,000
Sold Price
$905,000
Premium/Discount to List
$6,000
0.67%
Current Estimated Value
$1,262,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,234
Avg. Annual Appreciation
3.49%

Purchase Details

Listed on
Feb 8, 2016
Closed on
Apr 15, 2016
Sold by
Doherty Gerald F and Doherty Frances W
Bought by
Mogannam Bishara A and Mogannam Tamer A
Seller's Agent
Patrick Quan
Coldwell Banker Realty
Buyer's Agent
Gerald Guay
Compass
List Price
$899,000
Sold Price
$905,000
Premium/Discount to List
$6,000
0.67%
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
Mogannam Bishara A -- North American Title Co Inc
Mogannam Bishara A $905,000 North American Title Co Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2016 04/22/16 Sold $905,000 +0.7% $238 / Sq Ft
04/09/2016 04/09/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $899,000 -- $237 / Sq Ft
Source: MetroList

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 $13,605 $1,071,330 $372,892 $698,438
2023 $13,605 $1,029,731 $358,413 $671,318
2022 $13,055 $1,009,541 $351,386 $658,155
2021 $12,771 $989,747 $344,497 $645,250
2020 $12,573 $979,599 $340,965 $638,634
2019 $12,155 $960,392 $334,280 $626,112
2018 $11,312 $941,562 $327,726 $613,836
2017 $11,085 $923,100 $321,300 $601,800
2016 $7,575 $563,690 $152,345 $411,345
2015 $7,441 $555,224 $150,057 $405,167
2014 $7,318 $544,349 $147,118 $397,231
Source: Public Records

Agents Affiliated with this Home

  • Patrick Quan

    Seller's Agent in 2016

    Patrick Quan

    Coldwell Banker Realty

    (916) 812-4341

    126 Total Sales

    Patrick Quan
    Section Image
  • Gerald Guay

    Buyer's Agent in 2016

    Gerald Guay

    Compass

    (408) 398-2524

    35 Total Sales

    Gerald Guay
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Chavez

    Michael A. Chavez Realty

See All Agents

Map

Source: MetroList

MLS Number: 16004833

MetroList

APN: 034-012-001-000

California Yolo County Davis 95616 Central Davis

1502 Drake Dr, Davis, CA

Not Listed for Sale

MultiFamily

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