NOT LISTED FOR SALE

Estimated Value: $619,000 - $735,000

7 Beds
6 Baths
3,609 Sq Ft
$189/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $700,000 $194 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,912/month

35 Days on Market

Highlights

  • Central Heating and Cooling System
  • 6 Car Garage
  • Wood Siding

About This Home

As of July 2024

Discover an exceptional investment opportunity in the coveted Quail Lakes neighborhood with this remarkable triplex, situated just a stone's throw away from the popular Sherwood and Weberstown malls. The triplex comprises a spacious 3-bedroom, 2-bathroom unit,and two charming 2-bedroom, 1.5-bathroom units. Currently, all units are occupied on month-to-month leases, offering immediate income potential for savvy investors. Beyond the allure of its premier location, this triplex presents an opportunity to capitalize on the thriving rental market in one of Stockton's most desirable neighborhoods. Whether you're an astute investor or seeking a multi-generational living solution, this triplex is sure to impress. Seize the chance to own a piece of Quail Lakes real estate and unlock the potential of this lucrative investment opportunity!

Last Agent to Sell the Property

Patrick Katzakian

Ron Katzakian REALTOR License #01929395 Listed on: 05/07/2024

Last Buyer's Agent

Cheryl Cardamon

1 Percent Lists Smart Rate Realty License #01951147

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 13,874 Sq Ft Lot

HOA Fees

  • $51 Monthly HOA Fees

Parking

  • 6 Car Garage
  • Garage Door Opener

Home Design

  • Triplex
  • Concrete Foundation
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,609 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 108-050-16

Community Details

Overview

  • 3 Units
  • Quail Lakes HOA
  • Quail Lakes Subdivision
  • Mandatory home owners association

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0.32 Acres

HOA Fees

$51 per month

Parking

6

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Triplex
  • Year Built: 1979
  • Levels: Two
  • Stories: 2
  • Subdivision: Quail Lakes
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Number Of3 Bedrooms Occupied: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Flooring: Varies by Unit
  • Price Per Square Foot: 193.96
  • Square Footage: 3609.00

Exterior Features

  • Construction Materials: Wood, Wood Siding
  • Disclosures/Documents: Rental/Lease Agreement(s), Seller Property Questionnaire
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 750000.00
  • Lot Features: None
  • New Construction: No
  • Pool: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 6.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: City, Electric
  • Cooling: Central, Varies by Unit
  • Heating: Central, Varies by Unit
  • Laundry Features: In Each Unit
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association Features: Other
  • Association Fee: 617
  • Association Fee Frequency: Annually
  • Association Fee Includes: Other
  • Association Name: Quail Lakes HOA
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Mandatory Association: Yes

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: RM
  • Irrigation: Other
  • Lot Size Acres: 0.3185
  • Lot Size Sq Ft: 13874.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3
  • Two Bedroom Annual Occupancy: 100
  • Three Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: $1360-$1725
  • Three Bedroom Rent Range: $1925

Tax Info

  • Assessor Parcel Number: 108-050-16
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Jul 9, 2024
Sold by
Chadwick Family Trust and Chadwick Bernadette E
Bought by
Pandiyan Madhan Raj Elan Kum and Jayashree Prabunathan
Seller's Agent
Patrick Katzakian
Ron Katzakian REALTOR
Buyer's Agent
Cheryl Cardamon
1 Percent Lists Smart Rate Realty
List Price
$945,000
Sold Price
$700,000
Premium/Discount to List
-$245,000
-25.93%
Views
55
Current Estimated Value
$683,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,678
Avg. Annual Appreciation
-1.42%
Original Mortgage
$525,000
Outstanding Balance
$518,777
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$164,545
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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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
Pandiyan Madhan Raj Elan Kum $700,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pandiyan Madhan Raj Elan Kum $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2024 07/11/24 Sold $700,000 -6.7% $194 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/05/2024 06/05/24 Price Changed $750,000 -14.3% $208 / Sq Ft
05/22/2024 05/22/24 Price Changed $875,000 -7.4% $242 / Sq Ft
05/07/2024 05/07/24 For Sale $945,000 -- $262 / Sq Ft
Source: MetroList

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 $3,207 $246,812 $25,357 $221,455
2024 $3,155 $241,973 $24,860 $217,113
2023 $3,085 $237,229 $24,373 $212,856
2022 $2,940 $232,579 $23,896 $208,683
2021 $2,825 $228,020 $23,428 $204,592
2020 $2,879 $225,683 $23,188 $202,495
2019 $2,868 $221,259 $22,734 $198,525
2018 $2,815 $216,922 $22,289 $194,633
2017 $2,668 $212,669 $21,852 $190,817
2016 $2,716 $208,500 $21,424 $187,076
2014 $2,579 $190,000 $19,000 $171,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224046645

MetroList

APN: 108-050-16

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