NOT LISTED FOR SALE

16268 Hughes Rd Victorville, CA 92395

Estimated Value: $393,000 - $746,000

5 Beds
3 Baths
2,684 Sq Ft
$215/Sq Ft Est. Value

Last Sold February 27, 2018

Last sale price $325,000 $121 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,409/month

2 Days on Market

About This Home

As of February 2018

4-Plex ... Three 2 Bedroom / 1 Bathroom units & One 1 Bedroom / 1 Bathroom unit ... All units have a private enclosed patio and there are no common walls among these units ... Actual Gross income is $2,850 per month ... Roofs are 2 years old ... 2 of the units were renewed during the past 2 months ... Hurry before this opportunity disappears.

Last Agent to Sell the Property

Amir Sahebi

Preview Real Estate License #01375630 Listed on: 01/06/2018

Last Buyer's Agent

Amir Sahebi

Preview Real Estate License #01375630 Listed on: 01/06/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,392

Year Built

  • Built in 1958

Lot Details

  • 10,197 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Home Design

  • 2,684 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Carport
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 4232
  • Assessor Parcel Number 0477331110000

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Maintenance Expense $1,200
  • Water Sewer Expense $3,250
  • New Taxes Expense $4,063
  • Operating Expense $9,313
  • Net Operating Income $25,788

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,392

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3250.00
  • Property Type: Residential Income
  • Parcel Number: 0477331110000
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 121.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 10197.00

Multi Family

  • Average2 Bed Area: 670 Square Feet
  • Gross Scheduled Income: 35100.00
  • Insurance Expense: 800.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 25787.50
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 9312.50
  • Rent Control: No
  • Total Actual Rent: 2925.00
  • Total Expenses: 9312.50

Tax Info

  • New Taxes Expense: 4062.50
  • Tax Census Tract: 99.12
  • Tax Lot: 20
  • Tax Tract Number: 4232

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Mishkanian Jahangeer
Bought by
Jahangeer Mishkanian And Elena Mishkanian Liv and Mishkanian
Current Estimated Value
$577,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Outstanding Balance
$216,039
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$361,862

Purchase Details

Closed on
Feb 12, 2017
Sold by
Singh Jaskaran
Bought by
Mishkanian Jahangeer and Mishkanian Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2016
Sold by
4825 Huntington Llc
Bought by
Singh Jaskaran and Kaur Tarandeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2012
Sold by
Hughes Road Llc
Bought by
4825 Hutington Llc

Purchase Details

Closed on
Nov 28, 2011
Sold by
Equity Lender Llc
Bought by
Hughes Road Llc

Purchase Details

Closed on
Apr 7, 2011
Sold by
Hollingsworth Kevin
Bought by
Equity Lenders Llc

Purchase Details

Closed on
Jul 9, 2003
Sold by
Jue Erickson Eric M
Bought by
Hollingsworth Kevin and Hollingsworth Lucy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2000
Sold by
Erickson Jue Yao
Bought by
Erickson Eric M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.65%

Purchase Details

Closed on
Feb 24, 2000
Sold by
Lim Kim and Kuo Tsuey
Bought by
Washington Mutual Bank Fa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jahangeer Mishkanian And Elena Mishkanian Liv -- Stewart Title
Mishkanian Jahangeer -- Stewart Title Of Ca Inc
Mishkanian Jahangeer $325,000 Wfg Title Company Of Califor
Singh Jaskaran $282,500 Old Republic Title
4825 Hutington Llc -- Spl Title Services
Hughes Road Llc -- Spl Title Services
Equity Lenders Llc -- Fidelity National Title Co
Hollingsworth Kevin $145,000 Fidelity National Title
Erickson Eric M -- First American Title Ins Co
Erickson Eric M $67,500 First American Title Ins Co
Washington Mutual Bank Fa $48,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mishkanian Jahangeer $241,000
Previous Owner Mishkanian Jahangeer $243,750
Previous Owner Singh Jaskaran $220,000
Previous Owner Hollingsworth Kevin $116,000
Previous Owner Erickson Eric M $54,000
Closed Hollingsworth Kevin $14,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2018 02/27/18 Sold $325,000 0.0% $121 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
01/06/2018 01/06/18 For Sale $325,000 +15.0% $121 / Sq Ft
09/15/2016 09/15/16 Sold $282,500 -15.8% $105 / Sq Ft View Prior Sale
06/03/2016 06/03/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $335,500 -- $125 / 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 $4,392 $369,795 $73,960 $295,835
2024 $4,392 $362,544 $72,510 $290,034
2023 $4,345 $355,435 $71,088 $284,347
2022 $4,268 $348,466 $69,694 $278,772
2021 $4,189 $341,633 $68,327 $273,306
2020 $4,112 $338,130 $67,626 $270,504
2019 $4,045 $331,500 $66,300 $265,200
2018 $3,800 $288,150 $35,700 $252,450
2017 $3,723 $282,500 $35,000 $247,500
2016 $2,016 $150,835 $26,007 $124,828
2015 $1,945 $148,569 $25,616 $122,953
2014 $1,909 $145,659 $25,114 $120,545
Source: Public Records

Agents Affiliated with this Home

  • Amir Sahebi

    Seller's Agent in 2018

    Amir Sahebi

    Preview Real Estate

    (818) 825-9373

    15 Total Sales

    Amir Sahebi
    Section Image
  • Ericka Fox

    Seller's Agent in 2016

    Ericka Fox

    RE/MAX

    2 Total Sales

    Ericka Fox
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18004344

California Regional Multiple Listing Service (CRMLS)

APN: 0477-331-11

California San Bernardino County Victorville 92395

16268 Hughes Rd, Victorville, CA

Not Listed for Sale

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