NOT LISTED FOR SALE

2065 Reedy Ave Highland, CA 92346

San Andreas Neighborhood

Estimated Value: $490,477 - $704,000

4 Beds
2 Baths
3,000 Sq Ft
$206/Sq Ft Est. Value

Last Sold July 27, 2017

Last sale price $288,500 $96 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,602/month

1 Day on Market

About This Home

As of July 2017

This fourplex building is located within walking distance to grocery stores, public transportation, schools, dining and more. The lot includes a carport designed to accommodate four vehicles, along with open parking spaces for an additional four vehicles. All units include a separate dining room and living room, a separate kitchen, two bedrooms, and one bathroom. Two units are downstairs and the other two are upstairs. NO HOA!!!!! This is a great investment property. Property being sold AS-IS. Listing agent is also serving as the property manager.

Last Agent to Sell the Property

DARLENE MEDLIN

EMPIRE MANAGEMENT GROUP License #00666139 Listed on: 05/24/2017

Last Buyer's Agent

DARLENE MEDLIN

EMPIRE MANAGEMENT GROUP License #00666139 Listed on: 05/24/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,325

Year Built

  • Built in 1980

Lot Details

  • 8,400 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 1191301250000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $300
  • Insurance Expense $925
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $1,900
  • Operating Expense $8,690
  • Net Operating Income $27,310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,325

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 1191301250000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 96.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8400.00

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 300.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 925.00
  • Net Operating Income: 27310.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 8690.00
  • Rent Control: No
  • Total Actual Rent: 2250.00
  • Total Expenses: 8690.00

Tax Info

  • New Taxes Expense: 1900.00
  • Tax Census Tract: 74.10
  • Tax Lot: 000
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2017
Closed on
Jun 14, 2017
Sold by
Slagg William G and Slagg Megan Mc Rae
Bought by
Oracle Llc
Seller's Agent
DARLENE MEDLIN
EMPIRE MANAGEMENT GROUP
Buyer's Agent
DARLENE MEDLIN
EMPIRE MANAGEMENT GROUP
List Price
$300,000
Sold Price
$288,500
Premium/Discount to List
-$11,500
-3.83%
Current Estimated Value
$619,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,869
Avg. Annual Appreciation
9.69%
Original Mortgage
$216,375
Outstanding Balance
$179,434
Interest Rate
3.91%
Mortgage Type
Commercial
Estimated Equity
$439,935

Purchase Details

Closed on
Jul 27, 2004
Sold by
Slagg William G and Mcrae Megan
Bought by
Slagg William G and Slagg Megan Mc Rae

Purchase Details

Closed on
Aug 19, 2002
Sold by
Le David X
Bought by
Slagg William G and Mcrae Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,800
Interest Rate
6.23%

Purchase Details

Closed on
Jul 12, 2001
Sold by
The Word Life Ministry Inland Empire
Bought by
Le David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
8.5%

Purchase Details

Closed on
Jun 2, 2000
Sold by
Hud
Bought by
The Word Of Life Ministry Of The Inland

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
8.63%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 29, 2000
Sold by
Firstar Bank Na
Bought by
Hud

Purchase Details

Closed on
Mar 9, 2000
Sold by
Bran Karin Melissa
Bought by
Firstar Bank Na

Purchase Details

Closed on
Jan 14, 1999
Sold by
Galvez Rosa M
Bought by
Bran Karin Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,850
Interest Rate
6.76%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 1998
Sold by
Washington Mutual Bank Fa
Bought by
Galvez Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,850
Interest Rate
6.76%
Mortgage Type
FHA
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
Oracle Llc $288,500 First American Title Company
Slagg William G -- --
Slagg William G $198,500 Stewart Title Company
Le David $190,000 Lawyers Title Company
The Word Of Life Ministry Of The Inland $56,000 First American Title Co
Hud -- United Title Company
Firstar Bank Na $185,602 United Title Company
Bran Karin Melissa $175,000 Investors Title Company
Galvez Rosa M $85,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oracle Llc $216,375
Previous Owner Slagg William G $158,800
Previous Owner Le David $142,500
Previous Owner The Word Of Life Ministry Of The Inland $106,000
Previous Owner Bran Karin Melissa $171,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2017 07/27/17 Sold $288,500 -3.8% $96 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $300,000 -- $100 / Sq Ft
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 $4,325 $328,262 $45,513 $282,749
2024 $4,325 $321,826 $44,621 $277,205
2023 $4,071 $315,516 $43,746 $271,770
2022 $4,229 $309,329 $42,888 $266,441
2021 $4,237 $303,264 $42,047 $261,217
2020 $4,248 $300,155 $41,616 $258,539
2019 $3,976 $294,270 $40,800 $253,470
2018 $3,930 $288,500 $40,000 $248,500
2017 $3,356 $247,716 $31,198 $216,518
2016 $3,806 $242,859 $30,586 $212,273
2015 $3,166 $239,211 $30,127 $209,084
2014 $3,078 $234,525 $29,537 $204,988
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    DARLENE MEDLIN

    EMPIRE MANAGEMENT GROUP

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17115400

California Regional Multiple Listing Service (CRMLS)

APN: 1191-301-25

California San Bernardino County Highland 92346 San Andreas

2065 Reedy Ave, Highland, CA

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