NOT LISTED FOR SALE

16 Passero Way Stockton, CA 95207

Lincoln Village Neighborhood
6 Beds
4 Baths
2,698 Sq Ft
7,475 Sq Ft Lot

Last Sold March 15, 2022

Last sale price $575,000 $213 Per Sq Ft

41 Days on Market

Highlights

  • Contemporary Architecture
  • Fenced Yard
  • 4 Car Attached Garage
  • Vaulted Ceiling
  • Fireplace
  • Patio

About This Home

As of March 2022

Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet street, both units have 3 bedrooms, 2 full baths, & a 2-car garage. Both units feature spacious Living Rooms w/ cozy fireplaces, Master Suites, attached garages, & inside laundries. Durable long-lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, colleges, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $39,540. GRM is 14.54 and 6.9% Cap Rate. Similar units in the neighborhood recently rented for $2,095 per month! Potential annual rents of $50,280 with a GRM of 11.44 and 8.74% Cap Rate! A fantastic investment opportunity. A portfolio of up to 11 duplex are available in beautiful centrally located Quail Lakes.

Last Agent to Sell the Property

Greg Batchelder

Windermere Signature Properties El Dorado Hills/Folsom License #01321061 Listed on: 01/05/2022

Windermere Signature Properties El Dorado Hills/Folsom

Last Buyer's Agent

Larry Nguyen

Alliance Bay Realty License #01361328

Alliance Bay Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,475 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Level Lot

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces
  • Inside Entrance
  • Garage Door Opener

Home Design

  • Duplex
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Blown Fiberglass Insulation
  • Ceiling Insulation
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Fireplace

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, sewer, gas, trash collection, water
  • Assessor Parcel Number 108-050-38

Community Details

Overview

  • Association fees include 0
  • 2 Units
  • Quail Lakes Association, Phone Number (209) 472-3485
  • Quail Lakes Subdivision
  • Mandatory home owners association

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

HOA Fees

$29 per month

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Flats,Planned Unit Develop
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1977
  • Architectural Style: Contemporary
  • Levels: One
  • Stories: 1
  • Subdivision: QUAIL LAKES
  • Number of Three Bedroom Units: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
  • Interior Amenities: Vaulted Ceiling(s)
  • Flooring: Carpet, Laminate, Linoleum, Varies by Unit
  • Basement: None
  • Price Per Square Foot: 213.20
  • Window Features: Varies by Unit

Exterior Features

  • Construction Materials: Ceiling Insulation, Stucco, Frame, Wall Insulation, Wood, Wood Siding
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Exterior Features: Fenced Yard, Yard Space
  • Foundation: Slab
  • Listing Price: 575000.00
  • Lot Features: Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
  • Patio And Porch Features: Uncovered Patio
  • Roof: Tile
  • Topography: Level

Garage/Parking

  • Open Parking Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking Features: Attached, Garage, Garage Door Opener, Interior Access
  • Total Parking Spaces: 8.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected
  • Cooling: Separate, Central
  • Electric: 220 Volts
  • Heating: Central, Separate, Fireplace(s), Natural Gas
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Meter on Site, Public
  • Separate Meters: Electricity,Gas,See Remarks

Condo/Co-op/Association

  • Association Features: None
  • Association Fee: 353
  • Association Fee Frequency: Annually
  • Association Fee Includes: 0
  • Association Name: QUAIL LAKES
  • Association Phone: (209) 472-3485
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Mandatory Association: Yes

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: RES
  • Irrigation: None
  • Lot Size Acres: 0.1716
  • Lot Size Sq Ft: 7475.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Gas, Trash Collection, Water, See Remarks
  • Lease Term: Month To Month

Multi Family

  • Gross Income: 39540
  • Income Includes: Rent Only,See Remarks,Other
  • Existing Lease Type: See Remarks
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None
  • Three Bedrooms Occupied: 2

Tax Info

  • Assessor Parcel Number: 108-050-38
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Range of Values:

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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
03/15/2022 03/15/22 Sold $575,000 0.0% $213 / Sq Ft
02/21/2022 02/21/22 Off Market $575,000 -- --
02/15/2022 02/15/22 Pending -- -- --
01/25/2022 01/25/22 For Sale -- -- --
01/14/2022 01/14/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $575,000 -- $213 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Batchelder

    Seller's Agent in 2022

    Greg Batchelder

    Lyon Real Estate

    (916) 205-6943

    18 in this area

    82 Total Sales

    Greg Batchelder
    Section Image

  • L

    Buyer's Agent in 2022

    Larry Nguyen

    Alliance Bay Realty

    (408) 802-8015

    1 in this area

    27 Total Sales

    Larry Nguyen
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 222000193

MetroList
California San Joaquin County Stockton 95207 Lincoln Village

16 Passero Way, Stockton, CA

This home is located at 16 Passero Way, Stockton, CA 95207 since 05 January 2022. This property was built in 1977. 16 Passero Way is a home located in San Joaquin County with nearby schools including Flora Arca Mata, Madison Elementary School, and Hoover Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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