NOT LISTED FOR SALE

1531 South Ave Gustine, CA 95322

Gustine Area
8 Beds
8 Baths
3,200 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: June 20, 2019

Last sale price $415,000 $130 Per Sq Ft

23 Days on Market

Highlights

  • Granite Countertops
  • Double Pane Windows
  • Forced Air Heating and Cooling System
  • Balcony
  • Tile Flooring
  • 4-minute walk to Cef Jamero Park

About This Home

As of June 2019

Rare opportunity to find a fourplex where all four units have recently been nicely renovated! Each unit is two story featuring 2 bedrooms, 1.5 bath with indoor laundry and a separate large patio for each. All units include all new kitchens with granite counter tops and self closing cabinets with new flooring, new electrical subpanels, all new windows, and all new flooring throughout. Each unit has covered parking in the detached carport offering two reserved parking spots.

Last Agent to Sell the Property

Tony Melo

Aldina Real Estate,Inc. License #01844100 Listed on: 04/26/2019

Last Buyer's Agent

Jose Trindade

Aldina Real Estate License #01492045

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 4,792 Sq Ft Lot
  • Fenced
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 1 Parking Space
  • 2 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $19,200

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,200
  • Utility Expense $3,400
  • Trash Expense $900
  • Operating Expense $7,738
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Granite, Exhaust Fan, Garbage Disposal, Microwave, Oven - Electric
  • Living Sq Ft: 3200
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Off-Street Parking
  • Carport Min: 2

Utilities

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

Lot Info

  • Lot Acres: 0.1100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4992.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4992.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.14
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 7738
  • Expenses Utility: 3400
  • Expense Trash: 900
  • Income Annual Gross: 19200.00
  • Income Annual Rental: 19200
  • Income Gross Scheduled: 19200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Exterminator, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

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

Closed on
Aug 5, 2020
Sold by
Bought by

Purchase Details

Listed on
Apr 26, 2019
Closed on
Jun 19, 2019
Sold by
Bought by
Seller's Agent
Tony Melo
Aldina Real Estate,Inc.
Buyer's Agent
Jose Trindade
Aldina Real Estate
List Price
$440,000
Sold Price
$415,000
Premium/Discount to List
-$25,000
-5.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
0.041%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2014
Closed on
Mar 15, 2014
Sold by
Bought by
Seller's Agent
Dana Howell
Advanced Market Realty, Inc.
Buyer's Agent
Aldina Maciel
Aldina Real Estate Company
List Price
$113,000
Sold Price
$175,000
Premium/Discount to List
$62,000
54.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.06%
Original Mortgage
$169,159
Interest Rate
0.045%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
0.0327%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 6, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2000
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Available
$415,000 First American Title Company
-- Fidelity National Title Comp
-- Fidelity National Title Comp
$50,400 Accommodation
-- None Available
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
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
Previous Owner $311,250
Previous Owner $169,159
Previous Owner $3,000,000
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 Prior Sale
06/20/2019 06/20/19 Sold $415,000 -2.4% $130 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
05/18/2019 05/18/19 Price Changed $425,000 -3.4% $133 / Sq Ft
05/13/2019 05/13/19 For Sale $440,000 0.0% $138 / Sq Ft
05/04/2019 05/04/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $440,000 +151.4% $138 / Sq Ft
04/08/2014 04/08/14 Sold $175,000 +54.9% $44 / Sq Ft View Prior Sale
03/06/2014 03/06/14 Pending -- -- --
02/25/2014 02/25/14 For Sale $113,000 -- $28 / Sq Ft
Source: MLSListings

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 $5,000 $462,866 $55,774 $407,092
2024 $5,000 $453,863 $54,681 $399,182
2023 $4,887 $444,917 $53,609 $391,308
2022 $4,803 $436,206 $52,558 $383,648
2021 $4,738 $427,666 $51,528 $376,138
2020 $4,693 $423,348 $51,000 $372,348
2019 $2,283 $192,167 $21,976 $170,191
2018 $2,237 $188,428 $21,546 $166,882
2017 $2,280 $184,762 $21,124 $163,638
2016 $2,183 $181,307 $20,710 $160,597
2015 $2,049 $178,467 $20,399 $158,068
2014 $1,272 $101,853 $15,068 $86,785
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81748942

MLSListings

APN: 020-234-049

Your Personal Tour Guide

Ask me questions while you tour the home.