NOT LISTED FOR SALE

1940 Spring St Paso Robles, CA 93446

Estimated Value: $905,564

3 Beds
2 Baths
1,579 Sq Ft
$574/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $365,000 $231 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $5,335/month

7 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Central Heating
  • Paso Robles High School Rated A-
  • Ramp on the main level

About This Home

As of April 2017

Location, location , location. This highly desirable property is right on Spring St and is zoned T3-F so lots of possible uses. Street to alley lot with 2 buildings and lots of parking . Front home is approximately 1,066 sqft and has last been used as a Residential rental. It has 5 separate room and 1 bath plus a kitchen area. The back is approximately 500 sqft and features a bathroom , living area and room/bedroom area and was last used as a residential rental. Property has some deferred maintenance and is priced accordingly.

Last Agent to Sell the Property

Carl Tyler

Tyler Properties License #01272017 Listed on: 03/30/2017

Last Buyer's Agent

Scott Ehrke

GUIDE Real Estate License #01012637

GUIDE Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 5,180 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,579 Sq Ft Home
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Additional Features

  • Ramp on the main level
  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 008235003

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: PR City Limits West(120)
  • Zoning: OP
  • Property Type: Residential Income
  • Parcel Number: 008235003
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: Ramp - Main Level
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 231.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5180.00

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 101.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2017
Sold by
Page Fay R
Bought by
Umbertis Maci
Current Estimated Value
$905,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,875
Outstanding Balance
$356,148
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$556,223

Purchase Details

Listed on
Mar 30, 2017
Closed on
Apr 17, 2017
Sold by
Sollman Irene A
Bought by
Page Fay R
Seller's Agent
Carl Tyler
Tyler Properties
Buyer's Agent
Scott Ehrke
GUIDE Real Estate
List Price
$359,900
Sold Price
$365,000
Premium/Discount to List
$5,100
1.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.15%
Original Mortgage
$237,250
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2014
Sold by
Preston Stephen M and Preston Heidi S
Bought by
Sollman Irene A

Purchase Details

Closed on
Aug 11, 2009
Sold by
Preston Stephen M and Preston Heidi S
Bought by
Preston Stephen M and Preston Heidi S

Purchase Details

Closed on
Jun 8, 2006
Sold by
Sollman Irene and Sollman Md Eugene R
Bought by
Preston Stephen M and Preston Heidi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.57%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 13, 1998
Sold by
Sollman Gene
Bought by
Sollman Md Eugene R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Umbertis Maci $570,500 Fidelity National Title Co
Page Fay R $365,000 Fidelity National Title Co
Sollman Irene A $435,000 None Available
Preston Stephen M -- None Available
Preston Stephen M $500,000 First American Title Co
Sollman Md Eugene R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Umbertis Maci $427,875
Previous Owner Page Fay R $237,250
Previous Owner Preston Stephen M $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2017 04/28/17 Sold $365,000 +1.4% $231 / Sq Ft
04/06/2017 04/06/17 Pending -- -- --
03/30/2017 03/30/17 For Sale $359,900 -- $228 / 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 $7,075 $649,126 $227,563 $421,563
2024 $6,960 $636,399 $223,101 $413,298
2023 $6,960 $623,922 $218,727 $405,195
2022 $6,856 $611,689 $214,439 $397,250
2021 $6,739 $599,696 $210,235 $389,461
2020 $6,648 $593,548 $208,080 $385,468
2019 $6,553 $581,910 $204,000 $377,910
2018 $6,464 $570,500 $200,000 $370,500
2017 $4,220 $388,332 $207,111 $181,221
2016 $4,137 $380,718 $203,050 $177,668
2015 $4,122 $375,000 $200,000 $175,000
2014 $3,842 $355,000 $155,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI17066696

California Regional Multiple Listing Service (CRMLS)

APN: 008-235-003