NOT LISTED FOR SALE

1507 E Fairfield Ct Ontario, CA 91761

Ontario Ranch Neighborhood

Estimated Value: $1,253,561 - $1,537,000

9 Beds
8 Baths
4,269 Sq Ft
$320/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $930,000 $218 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $7,971/month

354 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Landscaped
  • Lawn
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of December 2020

Ontario fourplex with huge potential. Great investment for owner occupied. Only 35 miles NE of LA, Ontario boasts all the amenities of LA without the expense, hassle and traffic. Just off the I-60, close to shopping, restaurants and Ontario Center neighborhood. This property is priced to sell. The property consists of one 3 bed/21.5 baths and three 2 beds/1.5 baths. Washer/dryer hook-ups in each unit. All units have a garage with direct into the units. The building next to this unit is also for sale.... Property is to be sold in the "AS IS" condition.

Last Agent to Sell the Property

Jerry Holden

Holden Realtors License #00582942 Listed on: 11/25/2019

Last Buyer's Agent

GEORGE ARIAS

Spectra Home Loans License #01238363

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 9,246 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Lawn
  • Back Yard
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 4,269 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 9471
  • Assessor Parcel Number 0216421710000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,429
  • Water Sewer Expense $4,367
  • New Taxes Expense $4,412
  • Operating Expense $10,207
  • Gross Income $58,654
  • Net Operating Income $48,447

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

9,246 Sq Ft Lot

Parking

8

Listing Details

  • Ad Number: Jerry
  • Property Attached: Yes
  • Water Sewer Expenses: 4367.00
  • Property Type: Residential Income
  • Parcel Number: 0216421710000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: Two
  • Price Per Square Foot: 217.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Landscaped, Lawn, Level with Street, Paved, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 9246.00
  • Lot Size Acres: 0.2123

Multi Family

  • Gross Income: 58654.00
  • Gross Scheduled Income: 58654.00
  • Insurance Expense: 1429.00
  • Lot Size Area: 9246.0000 Square Feet
  • Net Operating Income: 48447.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 10207.00
  • Rent Control: Yes
  • Total Expenses: 10207.00

Tax Info

  • New Taxes Expense: 4411.70
  • Tax Census Tract: 18.08
  • Tax Lot: 2
  • Tax Tract Number: 9471

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Dec 7, 2020
Sold by
Holden Jerry and Holden Maggie Lee
Bought by
Arias George Joaquin and Arias Faviola
Seller's Agent
Jerry Holden
Holden Realtors
Buyer's Agent
GEORGE ARIAS
Spectra Home Loans
List Price
$999,999
Sold Price
$930,000
Premium/Discount to List
-$69,999
-7%
Current Estimated Value
$1,366,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,890
Avg. Annual Appreciation
7.72%
Original Mortgage
$697,500
Outstanding Balance
$622,090
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$744,800
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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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
Arias George Joaquin $930,000 Western Resources Ttl & Synr
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arias George Joaquin $697,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2020 12/10/20 Sold $930,000 -7.0% $218 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
11/25/2019 11/25/19 For Sale $999,999 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,156 $1,006,661 $194,837 $811,824
2024 $10,906 $986,923 $191,017 $795,906
2023 $10,603 $967,572 $187,272 $780,300
2022 $10,465 $948,600 $183,600 $765,000
2021 $10,399 $930,000 $180,000 $750,000
2020 $4,509 $399,325 $69,650 $329,675
2019 $4,471 $391,495 $68,284 $323,211
2018 $4,412 $383,819 $66,945 $316,874
2017 $4,256 $376,293 $65,632 $310,661
2016 $4,092 $368,915 $64,345 $304,570
2015 $4,065 $363,373 $63,378 $299,995
2014 $3,943 $356,256 $62,137 $294,119
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jerry Holden

    Holden Realtors

    (909) 237-0361

    1 Total Sale

    Jerry Holden
    Section Image

  • G

    Buyer's Agent in 2020

    GEORGE ARIAS

    Spectra Home Loans

    (626) 384-4050

    3 Total Sales

    GEORGE ARIAS
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19271626

California Regional Multiple Listing Service (CRMLS)

APN: 0216-421-71

California San Bernardino County Ontario 91761 Ontario Ranch

1507 E Fairfield Ct, Ontario, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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