NOT LISTED FOR SALE

1628 Central Ave Ceres, CA 95307

Estimated Value: $604,971

6 Beds
4 Baths
2,392 Sq Ft
$253/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $595,000 $249 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,777/month

7 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of November 2021

Execellent investment opportunity each unit is 3 bed 2 bath 1,200 sqft apx with a 8712 lot with 2 car garages. unit 1628 is currently vacant and 1630 is tenant occupied. Come an see rent both out or live in one. Very spacious units in a quiet neighborhood come and see add see everything these units have to offer.

Last Agent to Sell the Property

Erika Carrasco

Intero Real Estate Services License #01740048 Listed on: 09/22/2021

Intero Real Estate Services

Last Buyer's Agent

Claudia Chatha

Intero Real Estate Services License #01920947

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1987

Lot Details

  • 8,712

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,392 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Additional Features

  • 8,712 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

  • 2,392 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,500
  • Utility Expense $1,560
  • Trash Expense $1,560
  • Operating Expense $11,664
  • Gross Income $35,640

Property Details

Home Type

Multi-Family

Year Built

1987

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2392
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1987

Interior Features

  • Living Sq Ft: 2392
  • Stories: 1
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.2000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8713.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8713.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.39
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expenses Total: 11664
  • Expenses Utility: 1560
  • Expense Trash: 1560
  • Income Annual Gross: 35640.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2022
Sold by
Carrasco Mario S and Carrasco Juana A
Bought by
Carrasco 2021 Living Trust and Carrasco
Current Estimated Value
$604,971

Purchase Details

Listed on
Sep 22, 2021
Closed on
Oct 8, 2021
Sold by
Diaz Abel Jimenez
Bought by
Carrasco Mario Sepulveda and Carrasco Juana A
Seller's Agent
Erika Carrasco
Intero Real Estate Services
Buyer's Agent
Claudia Chatha
Intero Real Estate Services
List Price
$589,900
Sold Price
$595,000
Premium/Discount to List
$5,100
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.84%
Original Mortgage
$247,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 23, 2016
Closed on
Aug 16, 2016
Sold by
Stough George G and Stough Alice M
Bought by
Diaz Abel Jimenez
Seller's Agent
Wayne Yoder
Yoder Realty
Buyer's Agent
Eli Gonzalez
Intero Real Estate Services
List Price
$320,000
Sold Price
$300,000
Premium/Discount to List
-$20,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.05%
Original Mortgage
$294,566
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 2002
Sold by
Stough George G and Stough Alice M
Bought by
Stough George G and Stough Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,500
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 1993
Sold by
Stough George G and Stough Alice M
Bought by
Stough George G and Stough Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,478
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 1993
Sold by
Stough George G and Stough Alice M
Bought by
Stough George G and Stough Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,478
Interest Rate
6.95%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Carrasco 2021 Living Trust -- None Listed On Document
Carrasco Mario S -- None Listed On Document
Carrasco Mario Sepulveda $595,000 First American Title Company
Diaz Abel Jimenez $300,000 Chicago Title Company
Stough George G -- Alliance Title Company
Stough George G -- --
Stough George G -- North American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carrasco Mario Sepulveda $247,500
Previous Owner Diaz Abel Jimenez $294,566
Previous Owner Stough George G $95,500
Previous Owner Stough George G $100,478
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2021 11/01/21 Sold $595,000 +0.9% $249 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $589,900 +96.6% $247 / Sq Ft
08/19/2016 08/19/16 Sold $300,000 -6.3% $125 / Sq Ft View Prior Sale
05/23/2016 05/23/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $320,000 -- $133 / Sq Ft
Source: MLSListings

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 $7,393 $631,418 $159,181 $472,237
2024 $6,929 $619,038 $156,060 $462,978
2023 $6,742 $606,900 $153,000 $453,900
2022 $6,686 $595,000 $150,000 $445,000
2021 $3,658 $321,658 $85,775 $235,883
2020 $3,545 $318,361 $84,896 $233,465
2019 $3,522 $312,120 $83,232 $228,888
2018 $3,450 $306,000 $81,600 $224,400
2017 $3,423 $300,000 $80,000 $220,000
2016 $2,308 $202,102 $42,839 $159,263
2015 $2,276 $199,067 $42,196 $156,871
2014 $2,230 $195,169 $41,370 $153,799
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81863683

MLSListings

APN: 040-79-91