NOT LISTED FOR SALE

Estimated Value: $333,000 - $483,000

4 Beds
4 Baths
2,660 Sq Ft
$153/Sq Ft Est. Value

Last Sold March 20, 2019

Last sale price $270,000 $102 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,556/month

9 Days on Market

About This Home

As of March 2019

Four cute cottages on a 7,000 sq. ft. lot, built 1925. Good income stream and cash flow. Tenants are all month-to-month, latest rent is $725, others all $635. Easy upside potential for a new owner. The 4 garages are currently used by the owner, could be rented to tenants for extra income. Washer/Dryer hookups in each unit.

Last Agent to Sell the Property

Robert Owens

Cornerstone Commercial License #01336489 Listed on: 02/21/2019

Last Buyer's Agent

Kyung Park

Cornerstone Commercial License #01270013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $954

Year Built

  • Built in 1925

Lot Details

  • 7,000

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Composition Roof

Utilities

  • Wall Furnace
  • Cable TV Available

Additional Features

  • 1-Story Property
  • 7,000 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 167-131-09

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • Insurance Expense $1,850
  • Operating Expense $5,930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$954

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1925
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range,Free Standing Refrigerator,Gas Water Heater
  • Flooring: Tile,Varies by Unit,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Listing Price: 350000.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: Garage,Street
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Evaporative Cooler,Window Unit(s),Varies by Unit
  • Heating: Wall Furnace
  • Utilities Expenses: 4080

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: R1
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 4

Multi Family

  • Gross Income: 31560
  • Operating Expense: 5930
  • Income Includes: Rent Only
  • Insurance Expense: 1850
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None
  • Gross Income Multiplier: 11.090

Tax Info

  • Assessor Parcel Number: 167-131-09
  • Current RE Taxes: 954

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2019
Closed on
Mar 11, 2019
Sold by
Cheng Chun Ni
Bought by
Vander Steen David and Vander Van Der
Seller's Agent
Robert Owens
Cornerstone Commercial
Buyer's Agent
Kyung Park
Cornerstone Commercial
List Price
$350,000
Sold Price
$270,000
Premium/Discount to List
-$80,000
-22.86%
Current Estimated Value
$405,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,732
Avg. Annual Appreciation
5.97%

Purchase Details

Closed on
May 28, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cheng Chun Ni

Purchase Details

Closed on
May 12, 2008
Sold by
Mendoza Anjel
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 7, 2006
Sold by
Mendoza Beatriz
Bought by
Mendoza Anjel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
6.35%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 27, 2006
Sold by
Maxwell Phillip M and Maxwell Kristine M
Bought by
Mendoza Anjel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
6.35%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 23, 1996
Sold by
Murphy Edmund and Murphy Elsie M
Bought by
Murphy Edmund and Murphy Elsie M
Source: Public Records

Range of Values:

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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
Vander Steen David $270,000 Chicago Title Co Stockton
Cheng Chun Ni $65,000 First American Title Company
Federal Home Loan Mortgage Corporation $183,938 Fidelity National Title Ins
Mendoza Anjel -- First American Title Co
Mendoza Anjel $445,000 First American Title Co
Murphy Edmund -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vander Steen David $329,000
Closed Steen David Van Der $231,000
Previous Owner Mendoza Anjel $65,250
Previous Owner Mendoza Anjel $348,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2019 03/20/19 Sold $270,000 -22.9% $102 / Sq Ft
03/02/2019 03/02/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $350,000 -- $132 / Sq Ft
Source: MetroList

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
2024 $3,778 $295,279 $68,897 $226,382
2023 $3,694 $289,491 $67,547 $221,944
2022 $3,577 $283,816 $66,223 $217,593
2021 $3,438 $278,252 $64,925 $213,327
2020 $3,504 $275,400 $64,260 $211,140
2019 $1,023 $75,031 $23,086 $51,945
2018 $1,005 $73,561 $22,634 $50,927
2017 $954 $72,120 $22,191 $49,929
2016 $969 $70,707 $21,756 $48,951
2014 $917 $68,282 $21,010 $47,272
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 19010593

MetroList

APN: 167-131-09