NOT LISTED FOR SALE

Estimated Value: $697,000 - $815,000

3 Beds
2 Baths
2,712 Sq Ft
$274/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $725,000 $267 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,736/month

57 Days on Market

Highlights

  • Mountain View
  • Property is near a bus stop
  • Asbestos
  • Glencoe Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of October 2022

MT TABOR craftsman duplex! Large bright units. Main floor unit has 3bed + 2bath large living room featuring hardwood flooring and fireplace, Large dining room, quaint kitchen and in-unit w/d. Upper unit features new LVP, 1bed plus nice living and dining space with upper deck with West Hills views & w/d. Excellent location with strong rental history. Opportunity for long term development w/ 20+units (RM2). Near New Seasons, restaurants, shops and more.

Last Agent to Sell the Property

Monique Lum

eXp Realty, LLC Brokerage Email: moniquelum@gmail.com License #200908073 Listed on: 07/20/2022

eXp Realty, LLC

Last Buyer's Agent

Craig Olson

Urban Pacific Real Estate License #200201244

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,525

Year Built

  • Built in 1911

Lot Details

  • 5,009

Home Design

  • Shingle Roof
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,712 Sq Ft Home
  • 3-Story Property
  • Mountain Views
  • Finished Basement
  • Natural lighting in basement

Location

  • Property is near a bus stop

Schools

  • Richmond Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number R177087

Community Details

Overview

  • 3 Units
  • Hawthorne / Division Subdivision

Building Details

  • Operating Expense $12,700
  • Gross Income $40,200
  • Net Operating Income $27,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,525

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1911
  • Property Condition: Restored
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Finished
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Asbestos
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: OnBusline
  • Disclosures: Exempt
  • Roof: Shingle
  • View: Mountain

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor
  • Elementary School #2: Richmond

Lot Info

  • Zoning: RM2
  • Parcel #: R177087

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 6525.23

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 18.03
  • Annual Gross Income: 40200.0
  • Property Net Operating Income: 27500.0
  • Annual Operating Expense: 12700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Oct 13, 2022
Sold by
Lum Monique
Bought by
Richard D Proctor Revocable Living Trust
Seller's Agent
Monique Lum
eXp Realty, LLC
Buyer's Agent
Craig Olson
Urban Pacific Real Estate
List Price
$775,000
Sold Price
$725,000
Premium/Discount to List
-$50,000
-6.45%
Total Days on Market
57
Views
2
Current Estimated Value
$743,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,035
Avg. Annual Appreciation
0.94%

Purchase Details

Closed on
Jan 10, 2022
Sold by
Jason Lum
Bought by
Lum Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2005
Sold by
Mackay Patricia A
Bought by
Lum Jason F and Lum Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,920
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2001
Sold by
Mackay Patricia A
Bought by
Mackay Patricia A and Patricia A Mackay Trust
Source: Public Records

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Range of Values:

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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
Richard D Proctor Revocable Living Trust $725,000 Fidelity National Title
Lum Monique $86,000 Lawyers Title
Lum Jason F $289,900 First American
Mackay Patricia A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lum Monique $543,750
Previous Owner Lum Monique $543,750
Previous Owner Lium Jason F $430,500
Previous Owner Lum Jason F $315,000
Previous Owner Lum Jason F $251,000
Previous Owner Lum Jason F $122,400
Previous Owner Lum Jason F $231,920
Closed Lum Jason F $28,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $725,000 0.0% $267 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
09/13/2022 09/13/22 Price Changed $725,000 -3.3% $267 / Sq Ft
08/29/2022 08/29/22 Price Changed $750,000 -3.2% $277 / Sq Ft
07/20/2022 07/20/22 For Sale $775,000 -- $286 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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
2023 $6,784 $256,030 $0 $0
2022 $6,638 $248,580 $0 $0
2021 $6,525 $241,340 $0 $0
2020 $5,986 $234,320 $0 $0
2019 $5,766 $227,500 $0 $0
2018 $5,597 $220,880 $0 $0
2017 $5,364 $214,450 $0 $0
2016 $4,909 $208,210 $0 $0
2015 $4,780 $202,150 $0 $0
2014 $4,708 $196,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22051665

Regional Multiple Listing Service (RMLS)

APN: R177087