NOT LISTED FOR SALE

Estimated Value: $673,937 - $918,000

3 Beds
2 Baths
1,596 Sq Ft
$472/Sq Ft Est. Value

Last Sold September 23, 2021

Last sale price $649,000 $407 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,562/month

22 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Neighborhood Views
  • Cope Middle School Rated A-
  • No HOA
  • 5-minute walk to Smiley Park

About This Home

As of September 2021

VOILA! LEGAL DUPLEX IN DOWNTOWN REDLANDS ONLY 1/2 BLOCK TO THE REDLANDS BOWL, LIBRARY AND JUST A FEW BLOCKS TO ALL THE RESTAURANTS AND SHOPPING. THIS VICTORIAN BUILT IN 1904 HAS JUST BEEN NEWLY REWIRED!! EACH UNIT HAS IT'S OWN SEPARATE ELECTRIC AND GAS METERS. THE SPACIOUS UNIT WITH THE FRONT DOOR HAS A LARGE FORMAL ENTRY, POCKET DOORS, NATURAL WOODWORK, FORMAL PARLOR AND LARGE DINING ROOM WITH A BUILT IN CHINA CABINET. THERE IS CENTRAL HEAT AND AIR FOR THIS UNIT IN THE DOWNSTAIRS AREA, PLUS AN EVAP COOLER. THE 2 BEDROOMS UPSTAIRS ARE COOLED BY WINDOW AIR UNITS, ALTHOUGH SELLER REPORTS THERE IS A CENTRAL HEAT/AIR UNIT FOR THE UPSTAIRS BUT IT'S NOT HOOKED UP. IN THE REAR, UPSTAIRS IS THE ADORABLE ONE BEDROOM APARTMENT WITH LARGE KITCHEN, LIVING ROOM AND BATHROOM. THE LAUNDRY AREA IS SHARED VIA AN ENCLOSED REAR PORCH.

Last Agent to Sell the Property

Marjorie Lewis

RE/MAX ADVANTAGE License #00966263 Listed on: 07/16/2021

RE/MAX ADVANTAGE

Last Buyer's Agent

Karen Urrutia

LIGHTHOUSE REALTY ASSOC INC License #01401508

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 3,500 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 1,596 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Formal Entry
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 15 / E
  • Assessor Parcel Number 0171291130000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $2,000
  • Water Sewer Expense $1,181
  • Operating Expense $11,400
  • Gross Income $36,000
  • Net Operating Income $24,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1181.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0171291130000
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, High Ceilings
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 406.64
  • Room Type: All Bedrooms Up, Formal Entry, Walk-In Closet

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Central, Wall Furnace, Natural Gas
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 3500.00
  • Lot Size Acres: 0.0803

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 3500.0000 Square Feet
  • Net Operating Income: 24500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 11400.00
  • Rent Control: No
  • Total Actual Rent: 36000.00
  • Total Expenses: 11400.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 81.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 13, 2021
Sold by
Sutton Margaret Anne Ivy and Sutton Edward Victor
Bought by
Espinoza Martha Jamileth and The Espinoza Family Trust
Seller's Agent
Marjorie Lewis
RE/MAX ADVANTAGE
Buyer's Agent
Karen Urrutia
LIGHTHOUSE REALTY ASSOC INC
List Price
$649,000
Sold Price
$649,000
Current Estimated Value
$752,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,734
Avg. Annual Appreciation
3.49%
Original Mortgage
$486,750
Outstanding Balance
$441,266
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$311,468

Purchase Details

Closed on
Apr 26, 2019
Sold by
Sutton Edward V
Bought by
Sutton Margaret Anne Ivvy and Sutton Edward Victor

Purchase Details

Closed on
Apr 6, 2004
Sold by
Sutton Edward Victor
Bought by
Sutton Edward V and Edward V Sutton Revocable Trus
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
Espinoza Martha Jamileth $649,000 Fidelity National Title
Sutton Margaret Anne Ivvy -- None Available
Sutton Edward V -- None Available
Sutton Edward V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinoza Martha Jamileth $486,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2021 09/23/21 Sold $649,000 0.0% $407 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $649,000 -- $407 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,977 $688,725 $201,630 $487,095
2024 $7,977 $675,220 $197,676 $477,544
2023 $7,968 $661,980 $193,800 $468,180
2022 $7,852 $649,000 $190,000 $459,000
2021 $831 $62,815 $23,556 $39,259
2020 $819 $62,170 $23,314 $38,856
2019 $797 $60,951 $22,857 $38,094
2018 $778 $59,756 $22,409 $37,347
2017 $772 $58,585 $21,970 $36,615
2016 $764 $57,436 $21,539 $35,897
2015 $758 $56,573 $21,215 $35,358
2014 $745 $55,464 $20,799 $34,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21151980

California Regional Multiple Listing Service (CRMLS)

APN: 0171-291-13