NOT LISTED FOR SALE

Estimated Value: $951,000 - $1,100,000

4 Beds
4 Baths
2,500 Sq Ft
$409/Sq Ft Est. Value

Last Sold November 05, 2018

Last sale price $822,500 $329 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,595/month

28 Days on Market

Highlights

  • 0.15 Acre Lot
  • Deck
  • 4 Car Garage
  • William Land Elementary School Rated A-
  • No HOA

About This Home

As of November 2018

Located a short walk from the R Street development, 2016 13th street is a four unit apartment building in downtown Sacramento. The property consists of four (4) one bedroom/one bath units with wall ac units, wall heaters and hardwood floors. There are also 4 garages as well as a storage area rented out for extra income. Rents are currently 30% below market so there is a lot of upside on this deal. Potential to add more units as well due to lot size and zoning.

Last Agent to Sell the Property

Jake Stanfill

North Coast Commercial, Inc. License #01914043 Listed on: 08/20/2018

Last Buyer's Agent

Donald Junkin

Donald Junkin, Broker License #01152374

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,378

Year Built

  • Built in 1943

Lot Details

  • 6,534

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Deck
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • Security Deposit $2,760
  • Tenant pays for cable tv electricity gas rent only
  • Assessor Parcel Number 009-0141-011-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,378

Year Built

Built in 1943

Lot Details

0

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1943
  • Architectural Style: Unknown
  • Stories: 2
  • Number of One Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Gas Range,Free Standing Refrigerator
  • Flooring: Tile,Wood

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,Structural Pest Control Report,Whole House Inspection Available
  • Listing Price: 849000.00
  • Patio And Porch Features: Uncovered Deck
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 2
  • Garage Spaces: 4
  • Parking Features: Garage
  • Total Parking Spaces: 6

Utilities

  • Security: Carbon Mon Detector,Secured Access,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Leased,Washer/Dryer
  • Utilities Expenses: 5876

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-3A
  • Lot Size Acres: 0.1500
  • Lot Size Sq Ft: 6534

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Rent Only
  • Total Deposit: 2760
  • Total # Leasable: 4

Multi Family

  • Gross Income: 46200
  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 009-0141-011-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2018
Closed on
Oct 18, 2018
Sold by
Frey Christopher Jacob
Bought by
Timber Framing 1031 Llc
Seller's Agent
Jake Stanfill
North Coast Commercial, Inc.
Buyer's Agent
Donald Junkin
Donald Junkin, Broker
List Price
$849,000
Sold Price
$822,500
Premium/Discount to List
-$26,500
-3.12%
Current Estimated Value
$1,021,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,453
Avg. Annual Appreciation
3.20%
Original Mortgage
$822,500
Outstanding Balance
$721,701
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$300,252

Purchase Details

Closed on
Mar 9, 2012
Sold by
Yuen Perry W
Bought by
Frey Christopher Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2012
Sold by
Wirtz Liesl L
Bought by
Frey Christopher Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2012
Sold by
Yuen Susan Lee
Bought by
Yuen Perry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2001
Sold by
Wong Shek Yim and Wong Mei Hang
Bought by
Yuen Perry W and Yuen Susan Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
7.26%
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
Timber Framing 1031 Llc $822,500 Old Republic Title Company
Frey Christopher Jacob $277,000 Orange Coast Title Company
Frey Christopher Jacob -- Orange Coast Title Company
Yuen Perry W -- None Available
Yuen Perry W $195,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Timber Framing 1031 Llc $822,500
Previous Owner Frey Christopher Jacob $39,400
Previous Owner Frey Christopher Jacob $207,750
Previous Owner Yuen Perry W $148,200
Previous Owner Yuen Perry W $146,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2018 11/05/18 Sold $822,500 -3.1% $329 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $849,000 -- $340 / 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 $14,378 $917,510 $281,675 $635,835
2024 $14,378 $899,520 $276,152 $623,368
2023 $15,802 $881,884 $270,738 $611,146
2022 $12,476 $864,593 $265,430 $599,163
2021 $15,735 $847,641 $260,226 $587,415
2020 $14,201 $838,950 $257,558 $581,392
2019 $9,938 $822,501 $252,508 $569,993
2018 $4,027 $305,777 $93,829 $211,948
2017 $3,972 $299,783 $91,990 $207,793
2016 $3,801 $293,906 $90,187 $203,719
2015 $3,745 $289,492 $88,833 $200,659
2014 $3,654 $283,822 $87,093 $196,729
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 18057523

MetroList

APN: 009-0141-011