NOT LISTED FOR SALE

1917 Merkley Ave West Sacramento, CA 95691

South West Capitol to 80 Neighborhood

Estimated Value: $486,000 - $711,000

8 Beds
4 Baths
3,000 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 29, 2016

Last sale price $325,000 $108 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,568/month

23 Days on Market

About This Home

As of January 2016

Rear and unbelievable opportunity. 2 4plexes totaling to 8 units while being financed as 2 separate residential properties. All units are rented at $750/month. Owner recently done lots of updating and upgrades, newer appliances in some units, updated plumbing system, newly constructed two co-op laundries, parking space for each unit and much more. Sold as a package ONLY with MLS# 15065980/ 1919 Merkley Ave. West Sacramento, CA 95691. Price for both properties is $665,980.

Last Agent to Sell the Property

Kobi Grant

Kobi Grant License #01402669 Listed on: 10/20/2015

Last Buyer's Agent

Chona Ramos

Journey Home Realty License #01792859

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,854

Year Built

  • Built in 1964

Lot Details

  • 5,663

Home Design

  • Quadruplex
  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Additional Features

  • 2-Story Property
  • 5,663 Sq Ft Lot

Listing and Financial Details

  • Security Deposit $3,000
  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 067-240-041-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 2 Units Leased Month-To-Month
  • Insurance Expense $1,277
  • Operating Expense $9,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,854

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1964
  • Stories: 2
  • Number of Two Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Appliances: Free Standing Electric Oven,Free Standing Electric Range,Free Standing Refrigerator
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Tile,Varies by Unit,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,See Remarks
  • Listing Price: 332990.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Guest Parking Available,Open,1+ Space Per Unit,1 Space Per Unit

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Leased
  • Utilities Expenses: 3622

Condo/Co-op/Association

  • Association Features: Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Washington Unified

Lot Info

  • Zoning Description: Fourplex
  • Lot Size Acres: 0.1300
  • Lot Size Sq Ft: 5663

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total Deposit: 3000
  • Total # Leasable: 4

Multi Family

  • Gross Income: 36000
  • Operating Expense: 9878
  • Income Includes: Coin Operated Equipment,Laundry
  • Existing Lease Type: See Remarks
  • Insurance Expense: 1277
  • Number of Leased Units: 4
  • Number of Month to Month Units: 2
  • Number of Units: 4
  • Units Furnished: None
  • Gross Income Multiplier: 9.250

Tax Info

  • Assessor Parcel Number: 067-240-041-000
  • Current RE Taxes: 2854

MLS Schools

  • School District (County): Yolo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2015
Closed on
Jan 26, 2016
Sold by
Davidovich Michael
Bought by
Madhwan Navnit and Madhwan Reshma
Seller's Agent
Kobi Grant
Kobi Grant
Buyer's Agent
Chona Ramos
Journey Home Realty
List Price
$332,990
Sold Price
$325,000
Premium/Discount to List
-$7,990
-2.4%
Current Estimated Value
$589,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,213
Avg. Annual Appreciation
6.21%
Original Mortgage
$243,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2014
Sold by
Davidovich Michael and Davidovich Svetiana
Bought by
Davidovich Michael

Purchase Details

Listed on
May 2, 2013
Closed on
May 16, 2013
Sold by
Rc Consulting Inc
Bought by
Davidovich Michael and Davidovich Svetlana
Seller's Agent
Doug Grace
eXp Realty of California Inc.
Buyer's Agent
Kobi Grant
Kobi Grant
List Price
$249,900
Sold Price
$250,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%

Purchase Details

Listed on
Jul 28, 2012
Closed on
Dec 14, 2012
Sold by
Ali Harun Marvin and Ali Claudia S
Bought by
Rc Consulting Inc
Seller's Agent
Myrna McAlpin
Century 21 Select Real Estate
Buyer's Agent
Doug Grace
eXp Realty of California Inc.
List Price
$175,000
Sold Price
$136,000
Premium/Discount to List
-$39,000
-22.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
376.38%

Purchase Details

Closed on
Dec 14, 2007
Sold by
Ali Harun Marvin and Ali Claudia S
Bought by
3M Alloggio Llc

Purchase Details

Closed on
Jan 27, 2003
Sold by
Miller Paul J J
Bought by
Ali Harun Marun and Ali Claudia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1996
Sold by
Miller Paul J and Miller Rita F
Bought by
Miller Paul J and Miller Rita F
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Madhwan Navnit $325,000 Chicago Title Company
Davidovich Michael -- None Available
Davidovich Michael $500,000 Placer Title Company
Rc Consulting Inc $136,000 First American Title Company
Ali Harun M -- First American Title Company
3M Alloggio Llc -- None Available
Ali Harun Marun $230,000 Placer Title
Miller Paul J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madhwan Navnit $422,295
Closed Madhwan Navnit $243,750
Previous Owner Ali Harun Marvin $401,250
Previous Owner Ali Harun Marvin $350,000
Previous Owner Ali Harun Marun $184,000
Previous Owner Miller Paul J $97,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2016 01/29/16 Sold $325,000 -2.4% $108 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $332,990 +33.2% $111 / Sq Ft
05/22/2013 05/22/13 Sold $250,000 0.0% $89 / Sq Ft
05/17/2013 05/17/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $249,900 +83.8% $89 / Sq Ft
12/31/2012 12/31/12 Sold $136,000 -22.3% $41 / Sq Ft
11/23/2012 11/23/12 Pending -- -- --
07/26/2012 07/26/12 For Sale $175,000 -- $53 / 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
2025 $4,590 $384,728 $88,781 $295,947
2023 $4,590 $369,791 $85,335 $284,456
2022 $4,279 $362,541 $83,662 $278,879
2021 $4,245 $355,433 $82,022 $273,411
2020 $4,044 $351,789 $81,181 $270,608
2019 $3,996 $344,892 $79,590 $265,302
2018 $3,921 $338,130 $78,030 $260,100
2017 $3,883 $331,500 $76,500 $255,000
2016 $3,097 $260,058 $52,011 $208,047
2015 $3,004 $256,152 $51,230 $204,922
2014 $2,854 $251,135 $50,227 $200,908
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kobi Grant

    Kobi Grant

    Section Image

  • C

    Buyer's Agent in 2016

    Chona Ramos

    Journey Home Realty

    (707) 853-3144

    40 Total Sales

    Chona Ramos
    Section Image
  • Doug Grace

    Seller's Agent in 2013

    Doug Grace

    eXp Realty of California Inc.

    (916) 544-2300

    30 Total Sales

    Doug Grace
    Section Image
  • Myrna McAlpin

    Seller's Agent in 2012

    Myrna McAlpin

    Century 21 Select Real Estate

    (916) 743-7823

    35 Total Sales

    Myrna McAlpin
    Section Image
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Map

Source: MetroList

MLS Number: 15065979

MetroList

APN: 067-240-041-000

California Yolo County West Sacramento 95691 South West Capitol to 80

1917 Merkley Ave, West Sacramento, CA

This home is located at 1917 Merkley Ave, West Sacramento, CA 95691 since 20 October 2015 and is currently estimated at $589,213, approximately $196 per square foot. This property was built in 1964. 1917 Merkley Ave is a home located in Yolo County with nearby schools including Westmore Oaks Elementary School, River City High, and Sacramento Valley Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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