NOT LISTED FOR SALE

Estimated Value: $562,000 - $585,655

4 Beds
2 Baths
2,102 Sq Ft
$273/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $530,000 $252 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,720/month

41 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Patio
  • Vaulted Ceiling
  • Fenced Yard
  • Landscaped

About This Home

As of March 2022

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 2 bedrooms, 1 full baths, & a 2-car garage. Both units feature spacious Living Rooms w/ cozy fireplaces, Master Suites, attached garages, & laundry hook-ups. Durable long-lasting tile roofs & low maintenance yards. Tenants pay ALL utilities. Close to everything; award winning schools, colleges, shopping & parks. PLEASE DO NOT DISTURB THE TENANTS. All units are rented. Total annual rents are $36,600. GRM is 14.59 and 6.9% Cap Rate. Similar units in the neighborhood recently rented for $1,840 per month! Potential annual rents of $44,160 with a GRM of 12.09 and 8.3% Cap Rate! A fantastic investment opportunity. A portfolio of up to 11 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: 01/05/2022

Windermere Signature Properties El Dorado Hills/Folsom

Last Buyer's Agent

Yesica Pounds

RE/MAX Accord License #01482684

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,829

Year Built

  • Built in 1978

Lot Details

  • 7,967 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Corner Lot
  • Level Lot

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Inside Entrance
  • Garage Door Opener

Home Design

  • Duplex
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Blown Fiberglass Insulation
  • Ceiling Insulation
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, sewer, gas, trash collection, water
  • Assessor Parcel Number 108-050-37

Community Details

Overview

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

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,829

Year Built

Built in 1978

Lot Details

0

HOA Fees

$29 per month

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Flats,Planned Unit Develop
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1978
  • Architectural Style: Contemporary
  • Levels: One
  • Stories: 1
  • Subdivision: QUAIL LAKES
  • Number of Two Bedroom Units: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
  • Interior Amenities: Vaulted Ceiling(s)
  • Flooring: Carpet, Laminate, Linoleum, Varies by Unit
  • Basement: None
  • Price Per Square Foot: 252.14
  • Window Features: Varies by Unit

Exterior Features

  • Construction Materials: Ceiling Insulation, Stucco, Frame, Wall Insulation, Wood, Wood Siding
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Exterior Features: Fenced Yard, Yard Space
  • Foundation: Slab
  • Listing Price: 534000.00
  • Lot Features: Corner, Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
  • Patio And Porch Features: Uncovered Patio
  • Roof: Tile
  • Topography: Level

Garage/Parking

  • Open Parking Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking Features: Attached, Garage, Garage Door Opener, Interior Access
  • Total Parking Spaces: 8.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected
  • Cooling: Separate, Central
  • Electric: 220 Volts
  • Heating: Central, Separate, Natural Gas
  • Laundry Features: In Each Unit, Varies by Unit, Washer/Dryer Hookups
  • Water Source: Meter on Site, Public
  • Separate Meters: Electricity,Gas,See Remarks

Condo/Co-op/Association

  • Association Features: None
  • Association Fee: 353
  • Association Fee Frequency: Annually
  • Association Fee Includes: 0
  • Association Name: QUAIL LAKES
  • Association Phone: (209) 472-3485
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Mandatory Association: Yes

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: RES
  • Irrigation: None
  • Lot Size Acres: 0.1829
  • Lot Size Sq Ft: 7967.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Gas, Trash Collection, Water, See Remarks
  • Lease Term: Month To Month
  • Total # Leasable: 2

Multi Family

  • Gross Income: 36660
  • Income Includes: See Remarks,Other
  • Existing Lease Type: See Remarks
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None
  • Two Bedrooms Occupied: 2

Tax Info

  • Assessor Parcel Number: 108-050-37
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Estopinal Andrew $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $530,000 -0.7% $252 / Sq Ft
02/21/2022 02/21/22 Off Market $534,000 -- --
02/15/2022 02/15/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $534,000 -- $254 / 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 $6,829 $551,412 $130,050 $421,362
2023 $6,676 $540,600 $127,500 $413,100
2022 $3,056 $244,112 $64,430 $179,682
2021 $2,937 $239,326 $63,167 $176,159
2020 $2,994 $236,873 $62,520 $174,353
2019 $2,982 $232,230 $61,295 $170,935
2018 $2,927 $227,678 $60,094 $167,584
2017 $2,773 $223,215 $58,916 $164,299
2016 $2,267 $175,000 $55,000 $120,000
2014 $1,541 $120,000 $30,000 $90,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222000152

MetroList

APN: 108-050-37