NOT LISTED FOR SALE

Estimated Value: $733,000 - $1,168,000

7 Beds
4 Baths
3,172 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $818,000 $258 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,636/month

50 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Redlands East Valley High School Rated A-
  • Laundry Room
  • Back and Front Yard

About This Home

As of August 2021

###Investors or Homeowners Attention### Great opportunity to own the triplex(3 units) for excellent income! You can live one unit and rent out others or rent out all. Tenants have been paying rent on time and consistently. Investors (looking for 1031 exchange property? this is perfect for you). Owners are retired and want to sell this cute and well maintained 3 units in Mentone which takes just 5 minutes to downtown Redlands , easy access to 10 and I210 , close to shopping and schools. Unit 1: has 3 bedrooms and 2 bathrooms, kitchen, central air, fireplace, 2 story home with balcony, 2 attached car garage, inside laundry & built in 1987 . Unit 2: 2 bedrooms,1 bath, updated kitchen, tile flooring, attached 1 car garage & laundry included. Unit 3: 2 bedroom, 1 bath, laundry , and attached 1 car garage. Unit 2 & 3 built in 1964. Easy access to 10 and I210 , close to shopping and schools.

Last Agent to Sell the Property

Thi Vu

RE/MAX TIME REALTY License #01463379 Listed on: 06/04/2021

RE/MAX TIME REALTY

Last Buyer's Agent

Gregg Cochran

SmokeTree Commercial License #01135909

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,197

Year Built

  • Built in 1987

Lot Details

  • 7,600 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,172 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 5 / 43
  • Tax Tract Number 12
  • Assessor Parcel Number 0298094150000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Insurance Expense $1,200
  • Other Expense $367
  • Trash Expense $1,140
  • Water Sewer Expense $1,379
  • New Taxes Expense $6,001
  • Operating Expense $10,087
  • Gross Income $41,400
  • Net Operating Income $31,313

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,197

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1379.00
  • Zoning: RS
  • Property Type: Residential Income
  • Parcel Number: 0298094150000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Levels: One, Two
  • Price Per Square Foot: 257.88
  • Room Type: All Bedrooms Down, All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Septic Type Unknown
  • Trash Expense: 1140.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 7600.00
  • Lot Size Acres: 0.1745

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 41400.00
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7600.0000 Square Feet
  • Net Operating Income: 31313.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10087.00
  • Other Expense: 367.00
  • Other Expense Description: Hpermit
  • Rent Control: No
  • Total Actual Rent: 3450.00
  • Total Expenses: 10087.00

Tax Info

  • New Taxes Expense: 6001.00
  • Tax Block: 43
  • Tax Census Tract: 86.01
  • Tax Lot: 5
  • Tax Tract Number: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Jul 28, 2021
Sold by
Chiem Hung K and Nguyen Dong T
Bought by
Noflin Andrew Sargent and Noflin Renee Glennell
Seller's Agent
Thi Vu
RE/MAX TIME REALTY
Buyer's Agent
Gregg Cochran
SmokeTree Commercial
List Price
$849,000
Sold Price
$818,000
Premium/Discount to List
-$31,000
-3.65%
Current Estimated Value
$885,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,111
Avg. Annual Appreciation
1.98%
Original Mortgage
$503,000
Outstanding Balance
$457,693
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$427,418

Purchase Details

Closed on
May 19, 2008
Sold by
Chiem Hung K and Nguyen Dong T
Bought by
Chiem Hung K and Nguyen Dong T

Purchase Details

Closed on
May 10, 2004
Sold by
Nguyen Dong T
Bought by
Chiem Hung K and Nguyen Dong T

Purchase Details

Closed on
Apr 29, 2004
Sold by
Chiem Hung Kim
Bought by
Nguyen Dong T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2004
Sold by
Parker Steven C
Bought by
Nguyen Dong T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage
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
Noflin Andrew Sargent $818,000 Lawyers Title Company
Chiem Hung K -- None Available
Chiem Hung K -- --
Nguyen Dong T -- Chicago Title Company
Nguyen Dong T $360,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noflin Andrew Sargent $503,000
Previous Owner Nguyen Dong T $200,000
Previous Owner Parker Steven C $180,000
Previous Owner Parker Steven C $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $818,000 -3.7% $258 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $849,000 +3.8% $268 / Sq Ft
07/05/2021 07/05/21 Off Market $818,000 -- --
06/04/2021 06/04/21 For Sale $849,000 -- $268 / 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 $10,197 $868,068 $127,345 $740,723
2024 $10,197 $851,047 $124,848 $726,199
2023 $10,181 $834,360 $122,400 $711,960
2022 $10,030 $818,000 $120,000 $698,000
2021 $6,094 $472,871 $52,543 $420,328
2020 $6,001 $468,022 $52,004 $416,018
2019 $5,837 $458,845 $50,984 $407,861
2018 $5,537 $449,848 $49,984 $399,864
2017 $5,490 $441,028 $49,004 $392,024
2016 $5,428 $432,380 $48,043 $384,337
2015 $5,387 $425,885 $47,321 $378,564
2014 $5,274 $417,542 $46,394 $371,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21120660

California Regional Multiple Listing Service (CRMLS)

APN: 0298-094-15