NOT LISTED FOR SALE
6 Beds
10 Baths
-- Sq Ft
0.28 Acres

Last Sold October 26, 2022

Last sale price $1,075,000

21 Days on Market

Highlights

  • Park or Greenbelt View
  • Cottage
  • Garden
  • Laguna High School Rated A
  • Fenced Yard
  • Landscaped

About This Home

As of October 2022

Are you looking to invest to expand your real estate portfolio? Do you dream of buying a property to start your own touristic business venture? Whatever you are thinking of, we have the place for you. Situated in the charming community of Monte Rio in Sonoma County, this approximately 12,000 square foot property has nine cabins in a park-like setting, and endless possibilities for growth. all currently rented to year round tenants. Monte Rio, has been touted as "Vacation Wonderland" by the locals, and tourists that visit every year due to the myriad of activities and amenities they are able to enjoy. Ideally located, the property is close to the historic Monte Rio Movie Theatre, Monte Rio Beach, and much more! Don't miss this chance! Call us today for a private tour!

Last Agent to Sell the Property

Daniela Hernandez

Hernandez Realty Co License #01980504 Listed on: 08/24/2022

Co-Listed By

Preston Smith

Preston M Smith License #00429862

Last Buyer's Agent

Karen Webb

Webb Realty License #01452599

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.28 Acre Lot
  • Fenced Yard
  • Landscaped
  • Front and Back Yard Sprinklers
  • Garden

Home Design

  • Cottage
  • Cabin
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 6 Bedrooms
  • 1-Story Property
  • Ceiling Fan
  • Park or Greenbelt Views
  • Free-Standing Gas Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 9 Parking Spaces
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • 220 Volts
  • Individual Gas Meter
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 095-243-004-000

Community Details

Overview

  • 9 Buildings
  • 9 Units

Building Details

  • Gross Income $125,604

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: River Rd. West to Monte Rio, Left Turn at Bohemian Hwy as soon as you cross the bridge, Left Turn on River Blvd., Stay left to the end. Property is on the right
  • Lot Size Acres: 0.2755
  • Stories: 1
  • CapRate: 7.22
  • Year Built Details: Unknown
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Cabin, Cottage
  • Special Features: None

Interior Features

  • Appliances: Free Standing Gas Range, Free Standing Refrigerator, Varies By Unit
  • Accessibility Features: None
  • Flooring: Carpet, Laminate, Varies By Unit, Vinyl
  • NumberOfBuildings: 9

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Lot Features: Garden, Landscape Back, Manual Sprinkler F&R
  • Property Condition: Varies By Unit
  • Roof: Composition
  • ExteriorFeatures: Fenced Yard, Yard Space
  • View: Garden/Greenbelt

Garage/Parking

  • Parking Features: Off Street, Varies By Unit
  • Total Parking Spaces: 9.00

Utilities

  • Cooling: Ceiling Fan(s), Varies By Unit
  • Electric: 220 Volts
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Extinguisher, Smoke Detector, Varies By Unit
  • Sewer: Septic System
  • Utilities: Cable Available, Electric
  • Water Source: Meter on Site, Public
  • Heating: Baseboard, Electric, Varies By Unit
  • Laundry Features: Other
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 095-243-004-000
  • Lot Size Sq Ft: 12000.00

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 966.00 - 1,575.00
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 1,026.00 - 1,575.00
  • Number Of1 Bedrooms Occupied: 6
  • Number of 1 Bedroom Units: 6
  • Number Of2 Bedrooms Occupied: 3
  • NumberOfUnitsTotal: 9

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2022 10/26/22 Sold $1,075,000 -6.5% --
09/14/2022 09/14/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $1,150,000 -- --
Source: Bay Area Real Estate Information Services (BAREIS)

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 $12,681 $1,092,420 $260,100 $832,320
2024 $12,681 $1,059,088 $239,145 $819,943
2023 $12,681 $1,038,322 $234,456 $803,866
2022 $12,187 $1,019,063 $229,859 $789,204
2021 $12,015 $999,163 $225,352 $773,811
2020 $12,089 $996,771 $223,042 $773,729
2019 $11,830 $977,404 $218,669 $758,735
2018 $10,963 $958,417 $214,382 $744,035
2017 $0 $939,802 $210,179 $729,623
2016 $10,341 $921,552 $206,058 $715,494
2015 -- $907,845 $202,963 $704,882
2014 -- $890,239 $198,988 $691,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 322075199

Bay Area Real Estate Information Services (BAREIS)