NOT LISTED FOR SALE

190 Summit St Auburn, CA 95603

Auburn Area
25 Beds
9 Baths
2,100 Sq Ft
1.15 Acre Lot

Sale Details

Date Sold: October 17, 2019

Last sale price $3,315,000 $1,579 Per Sq Ft

325 Days on Market

Highlights

  • 1.15 Acre Lot
  • No HOA
  • Central Heating
  • Placer High School Rated A-
  • Double Pane Windows

About This Home

As of October 2019

Rare opportunity! Courtview apartments - It's extremely uncommon that a fully occupied 25 unit apartment complex becomes available in such pristine condition. Located in the heart of Auburn overlooking Old Town. Tenants love the easy access to freeways and the privacy on top of a hill! An Investors Dream. 24- 2BR 1bath units and and 1 cottage, single unit.

Last Agent to Sell the Property

Bobby Graves

GUIDE Real Estate License #01893900 Listed on: 06/26/2018

GUIDE Real Estate

Last Buyer's Agent

Bobby Graves

GUIDE Real Estate License #01893900 Listed on: 06/26/2018

GUIDE Real Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 1.15 Acre Lot

Parking

  • 1 Parking Space Included

Home Design

  • Flat Roof Shape

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable tv electricity rent only
  • Assessor Parcel Number 001-143-034-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 25 Units

Building Details

  • Operating Expense $89,334

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

1.15 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1964
  • Accessibility Features: 0
  • Levels: 0
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal,Free Standing Electric Range,Free Standing Refrigerator
  • Flooring: Carpet,Tile,Linoleum/Vinyl
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Brick,Stucco,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Listing Price: 3800000.00
  • Patio And Porch Features: Uncovered Patio,Other
  • Roof: Flat

Garage/Parking

  • Parking Features: Street,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Manager's Office,Patios/Balcony,Yard Space
  • Association: No

Schools

  • Senior High School District: Placer Union High

Lot Info

  • Zoning Description: RD 30
  • Lot Size Acres: 1.1500
  • Lot Size Sq Ft: 50094

Rental Info

  • Tenant Pays: Cable TV,Electricity,Rent Only

Multi Family

  • Operating Expense: 89334
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Units: 25
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 001-143-034-000

MLS Schools

  • School District (County): Placer

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2018
Closed on
Oct 8, 2019
Sold by
Bought by
Seller's Agent
Bobby Graves
GUIDE Real Estate
Buyer's Agent
Bobby Graves
GUIDE Real Estate
List Price
$3,800,000
Sold Price
$3,315,000
Premium/Discount to List
-$485,000
-12.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,247,000
Outstanding Balance
$1,919,878
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 22, 2013
Closed on
Sep 4, 2013
Sold by
Bought by
Seller's Agent
Gina Borges-Valdez
eXp Realty of Northern California, Inc.
Buyer's Agent
Anthony James
RE/MAX Gold
List Price
$2,099,000
Sold Price
$1,900,000
Premium/Discount to List
-$199,000
-9.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%

Purchase Details

Closed on
Apr 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,630,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
7.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
7.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Auburn, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,315,000 Placer Title Company
$4,545 First American Title
$2,400,000 Fidelity Title
-- Sierra Valley Title Company
-- Sierra Valley Title Company
$1,400,000 Sierra Valley Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,247,000
Previous Owner $1,630,000
Previous Owner $1,225,000
Previous Owner $1,015,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2019 10/17/19 Sold $3,315,000 -12.8% $1,579 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
02/09/2019 02/09/19 Price Changed $3,800,000 0.0% $1,810 / Sq Ft
02/09/2019 02/09/19 For Sale $3,800,000 -2.4% $1,810 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
11/26/2018 11/26/18 For Sale $3,895,000 0.0% $1,855 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
09/21/2018 09/21/18 Price Changed $3,895,000 -11.4% $1,855 / Sq Ft
06/26/2018 06/26/18 For Sale $4,395,000 +131.3% $2,093 / Sq Ft
09/06/2013 09/06/13 Sold $1,900,000 -9.5% $2,111 / Sq Ft View Prior Sale
08/09/2013 08/09/13 Pending -- -- --
07/22/2013 07/22/13 For Sale $2,099,000 -- $2,332 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $55,308 $3,670,053 $306,766 $3,363,287
2025 $54,075 $3,609,952 $300,751 $3,309,201
2023 $54,075 $3,470,355 $289,073 $3,181,282
2022 $53,469 $3,399,844 $283,405 $3,116,439
2021 $52,138 $3,331,594 $277,849 $3,053,745
2020 $51,658 $3,311,527 $275,000 $3,036,527
2019 $38,563 $2,052,155 $494,511 $1,557,644
2018 $37,381 $2,012,381 $484,815 $1,527,566
2017 $36,171 $1,955,789 $475,309 $1,480,480
2016 $35,128 $1,917,597 $465,990 $1,451,607
2015 $34,057 $1,887,832 $458,991 $1,428,841
2014 $33,173 $1,850,957 $450,000 $1,400,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 18043211

MetroList
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