NOT LISTED FOR SALE

Estimated Value: $714,355

Studio
3 Baths
7,600 Sq Ft
$94/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $481,180 $63 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,393/month

169 Days on Market

Highlights

  • Built in 1979 | Newly Remodeled
  • Waterfront
  • 1-Story Property
  • RV Access or Parking
  • 0.61 Acre Lot

About This Home

As of December 2015

Owner/User Investment opportunity with built in passive income. 4,800 SF Freestanding Office building and 2,800 SF Freestanding Warehouse building well located in a high traffic area offering leased units. Suite A/B has a reception area, break room, offices and open bull pen. Suite C and D have both reception area and private offices. Warehouse building has small office, skylights, evap cooler, Renoir heater, (2) Rollup doors, and (2) entrances.

Last Agent to Sell the Property

Kevin Land

Keller Williams Rlty Tulare Co License #01516541 Listed on: 07/11/2015

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office License #99999999

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979 | Newly Remodeled

Lot Details

  • 0.61 Acre Lot
  • Waterfront

Parking

  • RV Access or Parking

Interior Spaces

  • 7,600 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Tenant pays for trash collection, water, cable TV
  • Assessor Parcel Number 100040023000

Property Details

Home Type

Multi-Family

Year Built

Built in 1979 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: 5+ Units
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.61
  • Lot Size: .61
  • Directions: Property is well located off Visalia' s Major East/West Highway 198 between the Ben Maddox Way and Lovers Lane Off/On Ramps. It is North of E Tulare Ave and just South of E Main St on E Noble Ave in Visalia, CA.
  • New Construction: Yes
  • Building Stories: 1
  • Year Built: 1979
  • ResoBuildingAreaSource: Appraiser
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Private Spa: No

Exterior Features

  • Pool Private: No
  • Waterfront Features: Waterfront
  • Waterfront: Yes
  • Waterfront Features:Waterfront2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • Parking Features:RV AccessParking: Yes

Utilities

  • Utilities: Sewer Connected, Water Connected

Lot Info

  • Lot Size Sq Ft: 26572.0
  • Parcel #: 100040023000
  • Zoning Description: Commercial Other
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Trash Collection, Water, Cable TV

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2021
Sold by
Mahram Shadha Abduljabb
Bought by
Muharram Walid Saif
Current Estimated Value
$714,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Outstanding Balance
$347,608
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$366,747

Purchase Details

Closed on
Mar 1, 2021
Sold by
Nunes Mark L
Bought by
Muharram Walid Saif

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Outstanding Balance
$347,608
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$366,747

Purchase Details

Listed on
Jul 11, 2015
Closed on
Dec 18, 2015
Sold by
Nunes Sandra
Bought by
Nunes Mark L
Seller's Agent
Kevin Land
Keller Williams Rlty Tulare Co
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$515,000
Sold Price
$481,180
Premium/Discount to List
-$33,820
-6.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%
Original Mortgage
$256,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2004
Sold by
Mangano Family Properties
Bought by
Mangano Theresa A

Purchase Details

Closed on
Jun 21, 2001
Sold by
Garlin Deborah
Bought by
Canvasser Edward

Purchase Details

Closed on
Dec 11, 1997
Sold by
Willitts Daniel L
Bought by
Willitts Daniel L and Willitts Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,500
Interest Rate
7.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 1993
Sold by
Mumma Sharon L
Bought by
Mumma Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.21%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 22, 1993
Sold by
Willitts Daniel L
Bought by
Willitts Daniel L and Willitts Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.21%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Muharram Walid Saif -- Chicago Title
Muharram Walid Saif $550,000 Chicago Title
Nunes Mark L -- None Available
Nunes Mark L $481,500 Stewart
Mangano Theresa A $500,000 --
Canvasser Edward -- Fidelity National Title Co
Canvasser Edward $317,500 Fidelity National Title Co
Willitts Daniel L -- Chicago Title Co
Mumma Sharon L -- --
Willitts Daniel L -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muharram Walid Saif $385,000
Previous Owner Nunes Mark L $256,000
Previous Owner Willitts Daniel L $267,500
Previous Owner Willitts Daniel L $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2015 12/29/15 Sold $481,180 -6.6% $63 / Sq Ft
12/28/2015 12/28/15 Pending -- -- --
07/11/2015 07/11/15 For Sale $515,000 -- $68 / Sq Ft
Source: Tulare County MLS

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 $7,892 $746,876 $173,188 $573,688
2024 $7,892 $732,233 $169,793 $562,440
2023 $7,676 $717,876 $166,464 $551,412
2022 $7,333 $703,800 $163,200 $540,600
2021 $5,610 $526,043 $109,364 $416,679
2020 $5,544 $704,249 $108,243 $596,006
2019 $5,378 $510,441 $106,121 $404,320
2018 $5,277 $500,432 $104,040 $396,392
2017 $5,188 $490,620 $102,000 $388,620
2016 $5,126 $481,000 $100,000 $381,000
2015 $6,305 $591,504 $157,931 $433,573
2014 $6,211 $579,917 $154,837 $425,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tulare County MLS

MLS Number: 117035

Tulare County MLS

APN: 100-040-023-000