NOT LISTED FOR SALE

Estimated Value: $1,963,000 - $2,939,082

9 Beds
8 Baths
4,824 Sq Ft
$522/Sq Ft Est. Value

Last Sold January 17, 2013

Last sale price $1,215,000 $252 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $15,605/month

55 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Laundry Room
  • Madison Elementary School Rated A+
  • No HOA
  • 3-minute walk to Mathews Parkette

About This Home

As of January 2013

Back on the Market! Awesome Opportunity for income investor, or Owner Occupant. Unit #4 is a 3 bedroom with washer & dryer hook-ups. Unit comes with a 2 car detached garage, with opener. Coin washer and dryer for other 3 units. All Units are heated by electric with electric cooking paid by the tenants. One gas meter for the hot water tank, paid by the owner. All units are very spacious with large bedrooms that can easily hold a
King Size bed. Lower unit have patios, Upper units have balconies. Clean and Quiet Area.
"PLEASE DO NOT DISTURB THE TENANTS'

Last Agent to Sell the Property

Ben J Johnson

City Wide Property Management License #00673471 Listed on: 07/11/2012

Last Buyer's Agent

Prabhavati Bharadwa Mina

Power Brokers License #00845317

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,648

Year Built

  • Built in 1969

Lot Details

  • 7,493 Sq Ft Lot
  • Corner Lot

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,824 Sq Ft Home
  • Carpet
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 36 / 88
  • Assessor Parcel Number 4155020035

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,750
  • Trash Expense $1,140
  • Water Sewer Expense $1,640
  • New Taxes Expense $14,400
  • Gross Income $30
  • Net Operating Income $63,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,648

Year Built

Built in 1969

Lot Details

0

Parking

6

Listing Details

  • Other Phone Description: 3107984085
  • Other Phone Number: 3107984086
  • View: No
  • Water Sewer Expenses: 1640.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 4155020035
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 251.87

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Electric, Radiant
  • Laundry Features: Community
  • Trash Expense: 1140.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7493.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 30.00
  • Gross Scheduled Income: 83196.00
  • Insurance Expense: 1750.00
  • Lot Size Area: 7493.0000 Square Feet
  • Net Operating Income: 63696.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Operating Expense: 19500.00
  • Rent Control: No
  • Total Actual Rent: 6905.00

Tax Info

  • New Taxes Expense: 14400.00
  • Tax Block: 88
  • Tax Lot: 36
  • Tax Tract Number: b
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2016
Sold by
Boppana Ramakrishna Rao
Bought by
Boppana Ramakrisbna Rao and Boppana Rita Jean
Total Days on Market
55
Current Estimated Value
$2,518,021

Purchase Details

Listed on
Jul 11, 2012
Closed on
Jan 12, 2013
Sold by
Boppana Ramakrishna Rao
Bought by
Boppana Rita Jean
Seller's Agent
Ben J Johnson
City Wide Property Management
Buyer's Agent
Prabhavati Bharadwa Mina
Power Brokers
List Price
$1,275,000
Sold Price
$1,215,000
Premium/Discount to List
-$60,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$801,000
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2012
Closed on
Nov 30, 2012
Sold by
The Tbib Living Trust
Bought by
Boppana Rita Jean
Seller's Agent
Ben J Johnson
City Wide Property Management
Buyer's Agent
Prabhavati Bharadwa Mina
Power Brokers
List Price
$1,275,000
Sold Price
$1,215,000
Premium/Discount to List
-$60,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,000
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2006
Sold by
Brown Theodore E
Bought by
Brown Theodore Eursel and Brown Irene Farrell

Purchase Details

Closed on
May 23, 2003
Sold by
Brown Irene C
Bought by
Brown Theodore E and Brown Irene C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2000
Sold by
Rittermal James R
Bought by
Rittermal James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
7.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 1998
Sold by
Family Trust Heimerman, Norma R Tr Norma R He
Bought by
Rittermal James R and Rittermal Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7.11%

Purchase Details

Closed on
Jun 9, 1993
Sold by
Norma R Heimerman Revocable Family Trust
Bought by
Heimerman Norma R and Norma R Heimerman Revocable Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.58%
Source: Public Records

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Range of Values:

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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
Boppana Ramakrisbna Rao -- None Available
Boppana Ramakrishna Rao -- None Available
Boppana Rita Jean -- None Available
Boppana Rita Jean $1,215,000 --
Brown Theodore Eursel -- None Available
Brown Theodore E -- Lawyers Title Company
Rittermal James R -- Guardian Title Company
Rittermal James R $515,000 Continental Title
Heimerman Norma R -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boppana Rita Jean $801,000
Previous Owner Brown Theodore E $535,000
Previous Owner Rittermal James R $410,000
Previous Owner Rittermal James R $412,000
Previous Owner Heimerman Norma R $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2013 01/17/13 Sold $1,215,000 -4.7% $252 / Sq Ft
09/04/2012 09/04/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $1,275,000 -- $264 / 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
2024 $17,648 $1,466,838 $724,365 $742,473
2023 $17,331 $1,438,077 $710,162 $727,915
2022 $17,101 $1,409,881 $696,238 $713,643
2021 $16,696 $1,382,237 $682,587 $699,650
2019 $16,381 $1,341,241 $662,342 $678,899
2018 $15,913 $1,314,943 $649,355 $665,588
2016 $15,391 $1,263,885 $624,141 $639,744
2015 $15,110 $1,244,901 $614,766 $630,135
2014 $14,922 $1,220,516 $602,724 $617,792
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12086504

California Regional Multiple Listing Service (CRMLS)

APN: 4155-020-035