NOT LISTED FOR SALE

16295 Spruce St Hesperia, CA 92345

Downtown Hesperia Neighborhood

Estimated Value: $340,253 - $458,000

2 Beds
2 Baths
1,040 Sq Ft
$371/Sq Ft Est. Value

Last Sold July 20, 2016

Last sale price $132,875 $128 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $2,267/month

220 Days on Market

About This Home

As of July 2016

Prime Hesperia Duplex! Great High Desert Location! Close to every amenity possible. Walking distance to Main Street! Each Unit is 1bed/1bath PLUS a private garage. PLUS, extra parking for more autos. Fully Rented, long-term tenants. Easy to manage and easy to take care of. Just watch your equity grow as Hesperia and the High-Desert blossoms. Below Market rents. Market rent is $600+. Buyer to verify any and all information. Information provided is from public sources and is not guaranteed or confirmed by the Seller or Listing Agent. Great Upside Potential!

Last Agent to Sell the Property

Mark Correll

HomeSmart, Evergreen Realty License #01036527 Listed on: 10/27/2015

Last Buyer's Agent

Thomas Gibson

THE WRIGHT ASSOCIATED COMPANIES License #01319085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,730

Year Built

  • Built in 1958

Lot Details

  • 8,875 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,040 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 100
  • Assessor Parcel Number 0407294050000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $67
  • Trash Expense $630
  • Water Sewer Expense $743
  • New Taxes Expense $1,248
  • Gross Income $12,600
  • Net Operating Income $8,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,730

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.00
  • Other Phone Description: 714-655-8096
  • Property Attached: Yes
  • Water Sewer Expenses: 743.00
  • Property Type: Residential Income
  • Parcel Number: 0407294050000
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 127.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 630.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level, Lot 6500-9999, Paved
  • Lot Size Sq Ft: 8875.00
  • Price Per Lot Square Foot: 14.97

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 12600.00
  • Gross Multiplier: 10.90
  • Gross Scheduled Income: 12600.00
  • Insurance Expense: 67.00
  • Net Operating Income: 8890.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3710.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1248.00
  • Tax Lot: 14
  • Tax Tract Number: 100.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2022
Sold by
Rama Manesh D
Bought by
M & S Rama Investments Llc
Total Days on Market
220
Current Estimated Value
$387,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2022
Sold by
Manesh Rama Sunita
Bought by
Rama Manesh D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2016
Sold by
Manesh Rama Manesh D
Bought by
M & S Rama Investments Llc

Purchase Details

Listed on
Oct 27, 2015
Closed on
Aug 12, 2016
Sold by
Rama Manesh D
Bought by
M & S Rama Investments Inc
Seller's Agent
Mark Correll
HomeSmart, Evergreen Realty
Buyer's Agent
Thomas Gibson
THE WRIGHT ASSOCIATED COMPANIES
List Price
$158,000
Sold Price
$132,875
Premium/Discount to List
-$25,125
-15.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%
Original Mortgage
$99,600
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2015
Closed on
Jul 14, 2016
Sold by
Correll Correll Claudine S Claudine S
Bought by
Rama Manesh D
Seller's Agent
Mark Correll
HomeSmart, Evergreen Realty
Buyer's Agent
Thomas Gibson
THE WRIGHT ASSOCIATED COMPANIES
List Price
$158,000
Sold Price
$132,875
Premium/Discount to List
-$25,125
-15.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,600
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2015
Closed on
Jul 9, 2016
Sold by
Rama Sunita M
Bought by
Rama Manesh D
Seller's Agent
Mark Correll
HomeSmart, Evergreen Realty
Buyer's Agent
Thomas Gibson
THE WRIGHT ASSOCIATED COMPANIES
List Price
$158,000
Sold Price
$132,875
Premium/Discount to List
-$25,125
-15.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,600
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2014
Sold by
Correll Claudine S
Bought by
Correll Correll Claudine S Claudine S and Correll Ralph Walden

Purchase Details

Listed on
Jul 26, 2013
Closed on
Aug 1, 2013
Sold by
Lubna Alsanam Azmi
Bought by
Correll Ralph W and Correll Claudine S
Seller's Agent
Sharon Philipp
CENTURY 21 ROSE REALTY
Buyer's Agent
Mark Correll
HomeSmart, Evergreen Realty
List Price
$119,000
Sold Price
$106,000
Premium/Discount to List
-$13,000
-10.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.14%
Original Mortgage
$65,250
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2012
Sold by
Peay Lawrence A
Bought by
Lubna Alsanam Azmi and Lubna Awiel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,500
Interest Rate
3.86%
Mortgage Type
Seller Take Back
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
M & S Rama Investments Llc -- Wfg National Title
Rama Manesh D -- Wfg National Title
Rama Manesh D -- Wfg National Title
M & S Rama Investments Llc -- None Available
M & S Rama Investments Inc -- None Available
Rama Manesh D $133,000 Lawyers Title Company
Rama Manesh D -- Lawyers Title Company
Correll Correll Claudine S Claudine S -- None Available
Correll Ralph W $106,000 Ticor Title Company
Lubna Alsanam Azmi $79,500 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rama Manesh D $206,500
Previous Owner Rama Manesh D $99,600
Previous Owner Correll Ralph W $65,250
Previous Owner Lubna Alsanam Azmi $69,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2016 07/20/16 Sold $132,875 -15.9% $128 / Sq Ft
06/03/2016 06/03/16 Pending -- -- --
10/27/2015 10/27/15 For Sale $158,000 +49.1% $152 / Sq Ft
09/04/2013 09/04/13 Sold $106,000 -10.9% $102 / Sq Ft
07/30/2013 07/30/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $119,000 -- $114 / 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 $1,730 $154,356 $23,211 $131,145
2024 $1,730 $151,330 $22,756 $128,574
2023 $1,712 $148,363 $22,310 $126,053
2022 $1,673 $145,454 $21,873 $123,581
2021 $1,644 $142,602 $21,444 $121,158
2020 $1,625 $141,140 $21,224 $119,916
2019 $1,593 $138,373 $20,808 $117,565
2018 $1,563 $135,660 $20,400 $115,260
2017 $1,536 $133,000 $20,000 $113,000
2016 $1,280 $109,767 $16,569 $93,198
2015 -- $108,118 $16,320 $91,798
2014 $1,248 $106,000 $16,000 $90,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mark Correll

    HomeSmart, Evergreen Realty

    Section Image
  • Thomas Gibson

    Buyer's Agent in 2016

    Thomas Gibson

    THE WRIGHT ASSOCIATED COMPANIES

    (626) 610-1309

    131 Total Sales

    Section Image

  • S

    Seller's Agent in 2013

    Sharon Philipp

    CENTURY 21 ROSE REALTY

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16096286

California Regional Multiple Listing Service (CRMLS)

APN: 0407-294-05

California San Bernardino County Hesperia 92345 Downtown Hesperia

16295 Spruce St, Hesperia, CA

This home is located at 16295 Spruce St, Hesperia, CA 92345 since 27 October 2015 and is currently estimated at $386,063, approximately $371 per square foot. This property was built in 1958. 16295 Spruce St is a home located in San Bernardino County with nearby schools including Joshua Circle Elementary School, Hesperia Junior High School, and Hesperia High 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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