NOT LISTED FOR SALE

Estimated Value: $603,990 - $648,000

2 Beds
1 Bath
2,400 Sq Ft
$260/Sq Ft Est. Value

Last Sold May 05, 2022

Last sale price $580,000 $242 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,111/month

161 Days on Market

About This Home

As of May 2022

Back on Market, buyer defaulted on loan. TRIPLEX!!!! Great Investment opportunity for a property just blocks away from the Apple Valley Golf Course. Each unit has 2 bedrooms and 1 bathroom along with attached single car garage for each unit. Units 1 &3 have been updated with flooring and have long term tenants that are incredible to work with. Tenets would be willing to pay higher rents to new buyer in order to stay in units. Seller requests that buyers not ask for any number of units to be vacant at close of escrow. Current rents are $1,000, $1,000, $1,200. Pro forma $1100-1250.

Last Agent to Sell the Property

Cameron Cox

MGR REAL ESTATE, INC. License #02132903 Listed on: 11/04/2021

MGR REAL ESTATE, INC.

Co-Listed By

Bryen Wright

First Team Real Estate-HighDes License #01948664

Last Buyer's Agent

Armando Castillo

The Agency License #02089023

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,056

Year Built

  • Built in 1978

Lot Details

  • 0.44 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,400 Sq Ft Home
  • Property Attached

Additional Features

  • 2 Bedrooms
  • Laundry Room

Listing and Financial Details

  • Tax Lot 256
  • Tax Tract Number 4112
  • Assessor Parcel Number 0441241140000
  • $755 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $300
  • Trash Expense $780
  • Water Sewer Expense $3,120
  • Operating Expense $4,200
  • Gross Income $33,000
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,056

Year Built

Built in 1978

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 195000
  • Property Attached: Yes
  • Water Sewer Expenses: 3120.00
  • Property Type: Residential Income
  • Parcel Number: 0441241140000
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 241.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 19200.00
  • Lot Size Acres: 0.4408

Multi Family

  • Gross Income: 33000.00
  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 300.00
  • Lot Size Area: 19200.0000 Square Feet
  • Net Operating Income: 32400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 4200.00
  • Rent Control: No
  • Total Expenses: 4200.00

Tax Info

  • Tax Census Tract: 97.16
  • Tax Lot: 256
  • Tax Tract Number: 4112
  • TaxOtherAnnualAssessmentAmount: 755.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Mar 28, 2022
Sold by
Brandie Riggs
Bought by
Riggs Ryan
Seller's Agent
Cameron Cox
MGR REAL ESTATE, INC.
Buyer's Agent
Armando Castillo
The Agency
List Price
$585,000
Sold Price
$580,000
Premium/Discount to List
-$5,000
-0.85%
Current Estimated Value
$624,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,248
Avg. Annual Appreciation
2.14%

Purchase Details

Listed on
Jul 26, 2017
Closed on
Nov 28, 2018
Sold by
Moody John W and Moody Kim D
Bought by
Riggs Ryan and Riggs Brandie
Seller's Agent
Pam Wiest
CRMLS Member Transfer
Buyer's Agent
KENT TURANSKY
eXp Realty of California Inc
List Price
$299,900
Sold Price
$299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.55%
Original Mortgage
$224,925
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2011
Sold by
Proper Smith W Bailey
Bought by
Moody John W and Moody Kim D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2007
Sold by
Smith W Bailey
Bought by
Smith W Bailey and The W Bailey Smith Separate Pr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2003
Sold by
Smith Lenda K
Bought by
Smith W Bailey

Purchase Details

Closed on
Jul 29, 1995
Sold by
Smith W Bailey
Bought by
Proper Smith W Bailey and Bailey Smith Separate Proper W

Purchase Details

Closed on
Feb 22, 1995
Sold by
Smith W Bailey
Bought by
Smith W Bailey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
9.23%

Purchase Details

Closed on
Jul 7, 1994
Sold by
Smith Karen Helene
Bought by
Smith W Bailey
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
Riggs Ryan -- None Listed On Document
Riggs Ryan $300,000 Orange Coast Title Company O
Moody John W $125,000 Lawyers Title Company
Smith W Bailey -- Commonwealth Title
Smith W Bailey -- --
Proper Smith W Bailey -- --
Smith W Bailey -- Fidelity National Title Co
Smith W Bailey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riggs Ryan $224,925
Previous Owner Moody John W $87,500
Previous Owner Smith W Bailey $221,000
Previous Owner Smith W Bailey $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2022 05/05/22 Sold $580,000 -0.9% $242 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $585,000 0.0% $244 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
11/04/2021 11/04/21 For Sale $585,000 +95.1% $244 / Sq Ft
12/19/2018 12/19/18 Sold $299,900 0.0% -- View Prior Sale
12/18/2018 12/18/18 Sold $299,900 0.0% $125 / Sq Ft View Prior Sale
12/14/2018 12/14/18 Pending -- -- --
11/16/2018 11/16/18 Pending -- -- --
10/22/2018 10/22/18 Price Changed $299,900 -2.9% $125 / Sq Ft
09/05/2018 09/05/18 For Sale $309,000 +3.0% $129 / Sq Ft
07/26/2017 07/26/17 For Sale $299,900 -- --
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 $10,056 $615,500 $63,672 $551,828
2024 $10,056 $603,432 $62,424 $541,008
2023 $9,612 $591,600 $61,200 $530,400
2022 $3,952 $315,248 $31,535 $283,713
2021 $3,862 $309,067 $30,917 $278,150
2020 $3,814 $305,898 $30,600 $275,298
2019 $3,743 $299,900 $30,000 $269,900
2018 $1,923 $137,987 $16,558 $121,429
2017 $1,895 $135,281 $16,233 $119,048
2016 $1,690 $132,629 $15,915 $116,714
2015 $1,664 $130,637 $15,676 $114,961
2014 $1,641 $128,078 $15,369 $112,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21241637

California Regional Multiple Listing Service (CRMLS)

APN: 0441-241-14