NOT LISTED FOR SALE

16035 Valencia Ct Fontana, CA 92335

Estimated Value: $725,000 - $761,000

2 Beds
3 Baths
2,484 Sq Ft
$300/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $221,000 $89 Per Sq Ft

Est. 237% increase in value since last sale

Current estimated payment $4,301/month

73 Days on Market

Highlights

  • Property is near public transit
  • Wood Siding
  • No Heating
  • Traditional Architecture
  • Carpet

About This Home

As of June 2012

New to investments market. Excellent opportunity for investor. Live in one unit, rent others. Good location at end of cul-de-sac. Near schools, shopping, churches. Two story building, each unit 2 bed/1bath, each unit with one car garage/one open space. In unit laundry, open kitchen, living room/dining area. Needs work.

Last Agent to Sell the Property

Richard Halderman

Lido Pacific Asset Mgmt. License #00529557 Listed on: 03/25/2012

Last Buyer's Agent

Samir Rai

Keystone Realty Group License #01868728

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,929

Year Built

  • Built in 1981

Lot Details

  • 8,100 Sq Ft Lot
  • Lot Dimensions are 60x135

Parking

  • 3 Car Garage
  • Rear-Facing Garage
  • Three Garage Doors
  • Combination Of Materials Used In The Driveway
  • Uncovered Parking

Home Design

  • 2,484 Sq Ft Home
  • Traditional Architecture
  • Block Foundation
  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco

Kitchen

  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • No Heating
  • Overhead Utilities

Additional Features

  • Laundry in Kitchen
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 0.1
  • Tax Tract Number 10514
  • Assessor Parcel Number 0232201070000

Community Details

Overview

  • 3 Units

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,929

Year Built

Built in 1981

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 0232201070000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 88.97

Exterior Features

  • Foundation: Block, Slab
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Parking Features: Driveway - Combination, Garage Faces Rear, Garage - Three Door, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Electric Cooking, Disposal, Cooktop
  • Laundry Features: In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Features: Near Public Transit, Utilities - Overhead
  • Lot Size: 60x135
  • Lot Size Sq Ft: 8100.00
  • Lot Size Acres: 0.1860

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 850.00
  • Gross Multiplier: 270.59
  • Gross Scheduled Income: 850.00
  • Lot Size Area: 8100.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3

Tax Info

  • Tax Area: 10000
  • Tax Lot: 0.1
  • Tax Tract Number: 10514

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2011
Sold by
Rj Equities L P
Bought by
Panahandeh Abdolreza and Panahandeh Nosratolmolook
Current Estimated Value
$745,870

Purchase Details

Closed on
Dec 5, 2008
Sold by
Panahandeh Abdolreza and Panahandeh Nosratolmolook
Bought by
Rj Equities Lp

Purchase Details

Closed on
Nov 18, 1996
Sold by
Hud
Bought by
Panahandeh Abdolreza and Panahandeh Nosratolmolook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,675
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 8, 1996
Sold by
Johnson Ronold W and Johnson Kim M K
Bought by
Countrywide Funding Corp

Purchase Details

Closed on
Jul 11, 1996
Sold by
Countrywide Home Loans Inc
Bought by
Hud
Source: Public Records

Range of Values:

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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
Panahandeh Abdolreza -- None Available
Rj Equities Lp -- None Available
Panahandeh Abdolreza $95,000 Gateway Title Company
Countrywide Funding Corp $122,658 Landsafe Title
Hud -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northgate Equity Group Llc $745,000
Previous Owner Panahandeh Abdolreza $200,000
Previous Owner Panahandeh Abdolreza $72,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $221,000 -3.9% $89 / Sq Ft
06/06/2012 06/06/12 Pending -- -- --
03/25/2012 03/25/12 For Sale $230,000 -- $93 / 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 $3,929 $277,590 $69,084 $208,506
2024 $3,929 $272,147 $67,729 $204,418
2023 $3,774 $266,811 $66,401 $200,410
2022 $3,724 $261,579 $65,099 $196,480
2021 $3,673 $256,450 $63,823 $192,627
2020 $3,682 $253,821 $63,169 $190,652
2019 $3,552 $248,844 $61,930 $186,914
2018 $3,542 $243,965 $60,716 $183,249
2017 $3,461 $239,181 $59,525 $179,656
2016 $3,353 $234,491 $58,358 $176,133
2015 $3,278 $230,968 $57,481 $173,487
2014 $3,252 $226,444 $56,355 $170,089
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P818118

California Regional Multiple Listing Service (CRMLS)

APN: 0232-201-07