NOT LISTED FOR SALE

Estimated Value: $621,000 - $642,000

6 Beds
4 Baths
2,698 Sq Ft
$235/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $535,000 $198 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,063/month

126 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry closet
  • Central Heating and Cooling System
  • Covered Patio or Porch
  • Landscaped
  • 2 Car Garage

About This Home

As of June 2021

Excellent turn-key investment. A great opportunity to own a duplex in beautiful centrally located Quail Lakes. Located on a quiet street, both units have 3 bedrooms, 2 full baths, 2-car garages, and feature spacious Living Rooms w/ cozy fireplaces and Master Suites. Durable long lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $34,980. GRM is 15.12! Similar units in the neighborhood recently rented for $1,995 per month! Potential annual rents of $47,880 with a GRM of 11.05 and 9.1% Cap Rate! A fantastic investment opportunity. A portfolio of up to 19 duplex are available in beautiful centrally located Quail Lakes.

Last Agent to Sell the Property

Greg Batchelder

Windermere Signature Properties El Dorado Hills/Folsom License #01321061 Listed on: 12/23/2020

Windermere Signature Properties El Dorado Hills/Folsom

Last Buyer's Agent

Hugo De Hoyos

Intero Real Estate Services License #01153534

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,047

Year Built

  • Built in 1979

Lot Details

  • 10,240 Sq Ft Lot
  • Landscaped

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Planned Development
  • Slab Foundation
  • Frame Construction
  • Tile Roof

Interior Spaces

  • 1-Story Property
  • Window Treatments

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • Private Water Source
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash collection, water
  • Assessor Parcel Number 108-050-07

Community Details

Overview

  • Association fees include 0
  • 2 Units
  • Quail Lakes Association, Phone Number (209) 472-3485
  • Mandatory home owners association

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,047

Year Built

Built in 1979

Lot Details

0

HOA Fees

$29 per month

Parking

2

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Planned Unit Develop
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1979
  • Architectural Style: Contemporary
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 198.37
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame, Wood
  • Disclosures/Documents: Rental/Lease Agmts, CC&Rs, Natural Hazard Disclosure Available
  • Foundation: Slab
  • Listing Price: 539000.00
  • Lot Features: Auto Sprinkler F&R, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
  • Patio And Porch Features: Uncovered Patio, Covered Patio
  • Roof: Tile

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Garage
  • Total Parking Spaces: 8

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: In Each Unit, Varies by Unit, Laundry Closet, Washer/Dryer Hookups
  • Water Source: Meter on Site, Private

Condo/Co-op/Association

  • Association Features: See Remarks
  • Association Fee: 353
  • Association Fee Frequency: Annually
  • Association Fee Includes: 0
  • Association Name: QUAIL LAKES
  • Association Phone: (209) 472-3485
  • Association: Yes

Association/Amenities

  • Mandatory Association: Yes

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: RES
  • Irrigation: None
  • Lot Size Acres: 0.2351
  • Lot Size Sq Ft: 10240

Rental Info

  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Total # Leasable: 2

Multi Family

  • Gross Income: 34980
  • Income Includes: Rent Only,See Remarks
  • Existing Lease Type: See Remarks
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 108-050-07
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2020
Closed on
Jun 4, 2021
Sold by
Estopinal Andrew
Bought by
Castro Victor H and Demartinez Maria De
Seller's Agent
Greg Batchelder
Windermere Signature Properties El Dorado Hills/Folsom
Buyer's Agent
Hugo De Hoyos
Intero Real Estate Services
Sold Price
$535,000
Current Estimated Value
$633,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,812
Avg. Annual Appreciation
3.77%
Original Mortgage
$401,250
Outstanding Balance
$364,072
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$260,986
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
Castro Victor H $535,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Victor H $401,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $535,000 +1.1% $198 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
02/24/2021 02/24/21 For Sale -- -- --
01/04/2021 01/04/21 Pending -- -- --
12/23/2020 12/23/20 For Sale $529,000 -- $196 / 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 $7,047 $567,746 $148,569 $419,177
2023 $6,889 $556,614 $145,656 $410,958
2022 $6,780 $545,700 $142,800 $402,900
2021 $2,941 $239,326 $63,167 $176,159
2020 $2,997 $236,873 $62,520 $174,353
2019 $2,986 $232,230 $61,295 $170,935
2018 $2,931 $227,678 $60,094 $167,584
2017 $2,776 $223,215 $58,916 $164,299
2016 $2,461 $190,000 $60,000 $130,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20069174

MetroList

APN: 108-050-07