NOT LISTED FOR SALE

1638 E Fairfield Ct Ontario, CA 91761

Ontario Ranch Neighborhood

Estimated Value: $1,169,000 - $1,527,000

9 Beds
7 Baths
4,269 Sq Ft
$319/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $930,000 $218 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,937/month

159 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of September 2020

Looking for an opportunity to invest for your future? Look no further! One – 3 bedroom/2 bath, two – 2 bedroom/2 bath, and one – 2 bedroom/1 bath. Each two bedroom apartment has its own one car garage and the three bedroom apartment has a two car garage. These four units are in a prime location: close to Ontario Airport, Convention Center, and Ontario Mills Mall; within walking distance of shopping center and close to freeway. Each unit has its own gas and electricity meter. Apartment building is sold as is. Please do not disturb the tenants.

Last Agent to Sell the Property

MARIA MEZA

MARIA MEZA, BROKER License #01817203 Listed on: 02/23/2020

Last Buyer's Agent

ANTHONY SHAW

FIRST TEAM REAL ESTATE License #01443665

FIRST TEAM REAL ESTATE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 8,150 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 5 Car Garage

Interior Spaces

  • 4,269 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 9471
  • Assessor Parcel Number 0216421520000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,060
  • Maintenance Expense $1,000
  • Water Sewer Expense $4,680
  • New Taxes Expense $9,290
  • Operating Expense $17,030
  • Net Operating Income $45,310

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

8,150 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4680.00
  • Property Type: Residential Income
  • Parcel Number: 0216421520000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 217.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8150.00
  • Lot Size Acres: 0.1871

Multi Family

  • Gross Scheduled Income: 62340.00
  • Insurance Expense: 2060.00
  • Lot Size Area: 8150.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 45310.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17030.00
  • Rent Control: Yes
  • Total Expenses: 17030.00

Tax Info

  • New Taxes Expense: 9290.00
  • Tax Census Tract: 18.08
  • Tax Lot: 21
  • Tax Tract Number: 9471

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2020
Closed on
Sep 6, 2020
Sold by
Davalos Jesus and Davalos Jorge
Bought by
Soohoo Jay
Seller's Agent
MARIA MEZA
MARIA MEZA, BROKER
Buyer's Agent
ANTHONY SHAW
FIRST TEAM REAL ESTATE
List Price
$950,000
Sold Price
$930,000
Premium/Discount to List
-$20,000
-2.11%
Current Estimated Value
$1,360,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,182
Avg. Annual Appreciation
7.27%
Original Mortgage
$930,000
Outstanding Balance
$825,313
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$534,869

Purchase Details

Closed on
Apr 21, 2014
Sold by
Davalos Davalos Jesus Jesus
Bought by
Davalos Jesus and Davalos Jorge

Purchase Details

Closed on
Nov 21, 2013
Sold by
Davalos Jorge
Bought by
Davalos Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,775
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2006
Sold by
Kim Hyung Sun
Bought by
Davalos Jorge and Davalos Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 14, 2005
Sold by
Kim Hyung Sun
Bought by
Kim Hyung Sun and Choi Anny H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2005
Sold by
Fisher Gaythor D
Bought by
Kim Hyung Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
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
Soohoo Jay $930,000 Wfg National Title Co Of Ca
Davalos Jesus -- None Available
Davalos Jesus -- Lawyers Title Company
Davalos Jorge $759,000 Chicago Title
Davalos Jesus -- Chicago Title
Kim Hyung Sun -- Title Company
Kim Hyung Sun -- Commonwealthlandtitle Glenda
Kim Hyung Sun $737,500 Commonwealthlandtitle Glenda
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soohoo Jay $930,000
Previous Owner Davalos Jesus $481,775
Previous Owner Davalos Jorge $459,000
Previous Owner Kim Hyung Sun $590,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2020 09/15/20 Sold $930,000 -2.1% $218 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
03/14/2020 03/14/20 For Sale $950,000 0.0% $223 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
02/23/2020 02/23/20 For Sale $950,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,156 $1,006,662 $201,332 $805,330
2024 $10,906 $986,923 $197,384 $789,539
2023 $10,603 $967,572 $193,514 $774,058
2022 $11,017 $948,600 $189,720 $758,880
2021 $10,399 $930,000 $186,000 $744,000
2020 $9,369 $849,935 $349,143 $500,792
2019 $9,288 $833,270 $342,297 $490,973
2018 $9,161 $816,931 $335,585 $481,346
2017 $8,832 $800,913 $329,005 $471,908
2016 $8,885 $815,418 $343,109 $472,309
2015 $8,826 $803,169 $337,955 $465,214
2014 $8,556 $787,436 $331,335 $456,101
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    MARIA MEZA

    MARIA MEZA, BROKER

    (909) 223-0704

    6 Total Sales

    MARIA MEZA
    Section Image

  • A

    Buyer's Agent in 2020

    ANTHONY SHAW

    FIRST TEAM REAL ESTATE

    (909) 861-1380

    6 Total Sales

    ANTHONY SHAW
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV20039561

California Regional Multiple Listing Service (CRMLS)

APN: 0216-421-52

California San Bernardino County Ontario 91761 Ontario Ranch

1638 E Fairfield Ct, Ontario, CA

Not Listed for Sale

MultiFamily

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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.

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