NOT LISTED FOR SALE

Estimated Value: $449,987 - $1,018,000

4 Beds
2 Baths
1,628 Sq Ft
$426/Sq Ft Est. Value

Last Sold February 01, 2013

Last sale price $200,000 $123 Per Sq Ft

Est. 235% increase in value since last sale

Current estimated payment $3,906/month

31 Days on Market

Highlights

  • Tile Flooring
  • Level Lot
  • 1-Story Property

About This Home

As of February 2013

Investors looking for double digit cash on cash returns look no further!!Two detached homes on a large lot. Each unit is 2 bed 1 bath with a 4 car carport(2 spaces per unit, fenced front and back yards, separate laundry areas and across the street from the newer creekbridge development. Tenant pays all utilities and trash. Excellent return for any investor.

Last Agent to Sell the Property

Sean Griffin

Sotheby’s International Realty License #01466508 Listed on: 11/30/2012

Last Buyer's Agent

Steve Cardinalli

Cardinalli Real Estate License #01739549

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,137

Year Built

  • 1945

Lot Details

  • Level Lot

Parking

  • Carport

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,628 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $27,000
  • The owner pays for services - gardener/landscaping
  • Month-to-Month Lease Term

Community Details

Overview

  • 2 Units
  • 1,628 Sq Ft Building

Building Details

  • Gardener Expense $1,000
  • Insurance Expense $600
  • Maintenance Expense $1,200
  • Operating Expense $5,187
  • Gross Income $26,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,137

Year Built

1945

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Duplex
  • Age: 68
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 122.85
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1628
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1628
  • Stories: 1
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units
  • Flooring: Tile, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: King City Joint Union High
  • High School: Greenfield High
  • High School: 496
  • Elementary School: 522
  • Middle School: 524

Lot Info

  • Lot Description: Grade - Level
  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7500.00
  • Lot Size Area Min Search: 7500.00
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 8.04

Multi Family

  • Expense Insurance: 600
  • Expense Landscape: 1000
  • Expense Maintenance: 1200
  • Expenses Total: 5187
  • Income Annual Gross: 26460.00
  • Income Annual Rental: 27000
  • Income Gross Scheduled: 27000
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Insurance, Maintenance - Repair, Fee - Property Tax, Supplies, Vacancy Factor
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 540
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2018
Sold by
Kinney Travis and Kinney Jaclyn
Bought by
Kinney Travis W and Kinney Jaclyn C
Current Estimated Value
$669,021

Purchase Details

Listed on
Nov 30, 2012
Closed on
Jan 15, 2013
Sold by
Equity Trust Company
Bought by
Kinney Travis and Kinney Jaclyn
Seller's Agent
Sean Griffin
Sotheby’s International Realty
Buyer's Agent
Steve Cardinalli
Cardinalli Real Estate
List Price
$217,000
Sold Price
$200,000
Premium/Discount to List
-$17,000
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$150,000
Outstanding Balance
$105,206
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$567,206

Purchase Details

Closed on
Mar 24, 2011
Sold by
Healy Cynthia and Bypass Trust
Bought by
Allan Kathryn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2006
Sold by
Moreno Graciela and Moreno Miguel
Bought by
Moreno Miguel and Moreno Graciela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,500
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Renfro Philip S and Renfro Mary J
Bought by
Moreno Miguel and Moreno Graciela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2000
Sold by
Marina Square Partners Lp
Bought by
Kraft Gregory J and Kraft Teresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
8.78%
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
Kinney Travis W -- None Available
Kinney Travis $200,000 Chicago Title Company
Allan Kathryn H $675,000 Old Republic Title Company
Moreno Miguel -- Old Republic Title Company
Moreno Miguel $370,000 Chicago Title
Kraft Gregory J $700,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kinney Travis $150,000
Previous Owner Allan Kathryn H $350,000
Previous Owner Moreno Miguel $360,500
Previous Owner Moreno Miguel $296,000
Previous Owner Kraft Gregory J $490,000
Closed Moreno Miguel $74,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2013 02/01/13 Sold $200,000 -7.8% $123 / Sq Ft
12/31/2012 12/31/12 Pending -- -- --
11/30/2012 11/30/12 For Sale $217,000 -- $133 / Sq Ft
Source: MLSListings

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 $3,137 $246,272 $104,664 $141,608
2024 $3,137 $241,444 $102,612 $138,832
2023 $3,260 $236,710 $100,600 $136,110
2022 $3,135 $232,070 $98,628 $133,442
2021 $3,007 $227,521 $96,695 $130,826
2020 $3,121 $225,189 $95,704 $129,485
2019 $3,051 $220,775 $93,828 $126,947
2018 $2,977 $216,447 $91,989 $124,458
2017 $2,821 $212,204 $90,186 $122,018
2016 $2,852 $208,044 $88,418 $119,626
2015 $2,593 $204,920 $87,090 $117,830
2014 $2,539 $200,907 $85,385 $115,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81242145

MLSListings

APN: 024-092-024-000