NOT LISTED FOR SALE

Estimated Value: $924,027 - $1,491,000

8 Beds
4 Baths
4,000 Sq Ft
$281/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $770,000 $192 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,752/month

45 Days on Market

Highlights

  • No HOA
  • 2-minute walk to Broadway
  • Washer and Dryer
  • William Land Elementary School Rated A-
  • Central Air
  • Heating Available

About This Home

As of December 2018

Fantastic investment opportunity! Great up and coming area! Rents are way under market value, all tenants are on month-to-month tenancy. Please do not disturb the tenants. The property is being sold in as is condition, no repairs will be done by the seller. Tons of potential to improve, or leave in current condition and continue to make passive income!

Last Agent to Sell the Property

Subash Sharma

Lakeside REALTORS License #00490662 Listed on: 09/26/2018

Last Buyer's Agent

Jacqueline Gage

GUIDE Real Estate License #01986136

GUIDE Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,412

Year Built

  • Built in 1923

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Split Level Home
  • Flat Roof Shape

Interior Spaces

  • 2-Story Property
  • Washer and Dryer

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 010-0216-013-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,412

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1923
  • Levels: MultiSplit
  • Stories: 2
  • Number of Two Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Oven,Dishwasher,Free Standing Electric Range,Free Standing Refrigerator
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Laminate,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 888000.00
  • Patio And Porch Features: Uncovered Patio,Varies by Unit
  • Roof: Flat

Garage/Parking

  • Parking Features: Street

Utilities

  • Cooling: Central
  • Heating: Electric
  • Laundry Features: Washer/Dryer

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: RO
  • Lot Size Acres: 0.0700
  • Lot Size Sq Ft: 3049

Rental Info

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

Multi Family

  • Gross Income: 33300
  • Income Includes: Laundry
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 010-0216-013-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2020
Sold by
Underwood Elijah Marcus and Underwood Mordecai Eli
Bought by
Underwood Elijah Marcus
Current Estimated Value
$1,124,257

Purchase Details

Listed on
Sep 26, 2018
Closed on
Dec 13, 2018
Sold by
Sharma Subash C and Sharma Daya W
Bought by
Underwood Mordecai Eli
Seller's Agent
Subash Sharma
Lakeside REALTORS
Buyer's Agent
Jacqueline Gage
GUIDE Real Estate
List Price
$888,000
Sold Price
$770,000
Premium/Discount to List
-$118,000
-13.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$731,500
Outstanding Balance
$645,753
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$478,504

Purchase Details

Closed on
Sep 26, 2001
Sold by
Sharma Subash C and Sharma Daya W
Bought by
Sharma Subash C and Sharma Daya W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.1%

Purchase Details

Closed on
Aug 6, 2001
Sold by
Sharma Subash C and Sharma Daya W
Bought by
Sharma Subash C and Sharma Daya W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.1%

Purchase Details

Closed on
Dec 7, 1995
Sold by
Sharma Subash C and Sharma Daya W
Bought by
Sharma Subash C and Sharma Daya W
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
Underwood Elijah Marcus -- Chicago Title Company
Underwood Mordecai Eli $770,000 Placer Title Company
Sharma Subash C -- --
Sharma Subash C -- --
Sharma Subash C -- Fidelity National Title Co
Sharma Subash C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Underwood Mordecai Eli $731,500
Previous Owner Sharma Subash C $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold $770,000 -13.3% $193 / Sq Ft
11/10/2018 11/10/18 Pending -- -- --
09/26/2018 09/26/18 For Sale $888,000 -- $222 / 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 $10,412 $858,945 $257,683 $601,262
2024 $10,412 $842,104 $252,631 $589,473
2023 $10,170 $825,593 $247,678 $577,915
2022 $10,000 $809,406 $242,822 $566,584
2021 $9,515 $793,536 $238,061 $555,475
2020 $9,587 $785,400 $235,620 $549,780
2019 $9,384 $770,000 $231,000 $539,000
2018 $3,282 $236,246 $43,739 $192,507
2017 $3,237 $231,615 $42,882 $188,733
2016 $3,066 $227,075 $42,042 $185,033
2015 $3,021 $223,665 $41,411 $182,254
2014 $2,949 $219,284 $40,600 $178,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 18066794

MetroList

APN: 010-0216-013