NOT LISTED FOR SALE

170 N Elm Ave Ripon, CA 95366

Estimated Value: $784,909 - $942,000

8 Beds
4 Baths
3,364 Sq Ft
$254/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $400,000 $119 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $4,916/month

164 Days on Market

Highlights

  • No HOA
  • Ripon Elementary School Rated A-
  • Central Heating

About This Home

As of April 2015

Great Investment Opportunity, Wonderful Location. Beautiful 4-plex in the heart of Ripon. Each unit has 2 bedroom 1 bath and covered carport parking. All 4 units are occupied. AS-IS Sale. Please do not disturb tenants.

Last Agent to Sell the Property

Wilfredo Urbina

Urbina Properties License #01911190 Listed on: 09/10/2014

Last Buyer's Agent

Rachel Maricich

HomeSmart PV & Associates License #01461009

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 7,000

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof

Additional Features

  • 2-Story Property
  • 7,000 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 259-070-15

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1988
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,See Remarks
  • Listing Price: 410000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport

Utilities

  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Patios/Balcony,See Remarks
  • Association: No

Schools

  • Senior High School District: Ripon Unified

Lot Info

  • Zoning Description: R-4
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000

Rental Info

  • Tenant Pays: Other
  • Total # Leasable: 4

Multi Family

  • Income Includes: See Remarks
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: Varies By Unit

Tax Info

  • Assessor Parcel Number: 259-070-15

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2017
Sold by
Maricich Chad and Maricich Rachel
Bought by
Maricich Chad W and Maricich Rachel M
Current Estimated Value
$853,727

Purchase Details

Listed on
Sep 10, 2014
Closed on
Apr 3, 2015
Sold by
Martinez Kerry Dean and Joseph Salazar Martinez Living
Bought by
Maricich Chad and Maricich Rachel
Seller's Agent
Wilfredo Urbina
Urbina Properties
Buyer's Agent
Rachel Maricich
HomeSmart PV & Associates
List Price
$750,000
Sold Price
$400,000
Premium/Discount to List
-$350,000
-46.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$280,000
Outstanding Balance
$215,235
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$638,492

Purchase Details

Closed on
Aug 11, 2014
Sold by
Martinez Joseph S
Bought by
Martinez Joseph Salazar and Martinez Kerry Dean

Purchase Details

Closed on
Dec 15, 2003
Sold by
Almond Tree Associates
Bought by
Martinez Joseph S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,700
Interest Rate
3.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 5, 2002
Sold by
Lee John W and Lee No Hwa
Bought by
Almond Tree Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2002
Sold by
Mulligan Sherry K
Bought by
Lee John W and Lee No Hwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2001
Sold by
Miersma Marion and Miersma Jeanne
Bought by
Mulligan Sherry K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,500
Interest Rate
7.14%
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
Maricich Chad W -- None Available
Maricich Chad $400,000 Chicago Title Company
Martinez Joseph Salazar -- None Available
Martinez Joseph S $455,000 First Amer Title Co
Almond Tree Associates -- Fidelity Natl Title Ins Co
Lee John W $425,000 Fidelity Natl Title Ins Co
Mulligan Sherry K $270,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maricich Chad $280,000
Previous Owner Martinez Joseph S $330,700
Previous Owner Almond Tree Associates $297,500
Previous Owner Lee John W $297,500
Previous Owner Mulligan Sherry K $215,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2015 04/17/15 Sold $400,000 -46.7% $119 / Sq Ft
02/21/2015 02/21/15 Pending -- -- --
09/10/2014 09/10/14 For Sale $750,000 -- $223 / 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
2025 $5,470 $480,731 $144,218 $336,513
2024 $5,383 $471,306 $141,391 $329,915
2023 $5,279 $462,066 $138,619 $323,447
2022 $5,198 $453,006 $135,901 $317,105
2021 $5,121 $444,125 $133,237 $310,888
2020 $5,077 $439,572 $131,871 $307,701
2019 $4,663 $400,000 $100,000 $300,000
2018 $4,678 $400,000 $100,000 $300,000
2017 $4,676 $400,000 $100,000 $300,000
2016 $4,686 $400,000 $140,000 $260,000
2014 -- $450,000 $112,000 $338,000
Source: Public Records

Agents Affiliated with this Home

  • Wilfredo Urbina

    Seller's Agent in 2015

    Wilfredo Urbina

    Urbina Properties

    (209) 275-4192

    2 in this area

    45 Total Sales

    Wilfredo Urbina
    Section Image
  • Rachel Maricich

    Buyer's Agent in 2015

    Rachel Maricich

    HomeSmart PV & Associates

    (209) 481-7279

    11 Total Sales

    Rachel Maricich
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 14057953

MetroList

APN: 259-070-15

California San Joaquin County Ripon 95366

170 N Elm Ave, Ripon, CA

Not Listed for Sale

MultiFamily

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