NOT LISTED FOR SALE

Estimated Value: $577,000 - $714,000

6 Beds
5 Baths
3,114 Sq Ft
$212/Sq Ft Est. Value

Last Sold November 14, 2018

Last sale price $405,000 $130 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,079/month

14 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • No HOA
  • Front Yard

About This Home

As of November 2018

Lovely Triplex generating great income on a great street in Palmdale. 1-3 bedroom unit, 1-2 bedroom unit and 1 - 1 bedroom unit.

Last Agent to Sell the Property

Erik Berry

Erik J. Berry License #01235328 Listed on: 09/12/2018

Last Buyer's Agent

Nancy Rodriguez

Keller Williams Realty Antelope Valley License #01800679

Keller Williams Realty Antelope Valley

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 9,228 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,114 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Suburban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 23747
  • Assessor Parcel Number 3018012022

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $1,296
  • Professional Management Expense $3,504
  • Water Sewer Expense $1,824
  • New Taxes Expense $4,987
  • Operating Expense $11,611
  • Gross Income $35,112
  • Net Operating Income $22,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

9,228 Sq Ft Lot

Parking

5

Listing Details

  • Professional Management Expense: 3504.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1824.00
  • Zoning: PDR3*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3018012022
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 130.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9228.00

Multi Family

  • Gross Income: 35112.00
  • Gross Operating Income: 35112.00
  • Gross Scheduled Income: 35112.00
  • Gross Spendable Income: 28488.00
  • Insurance Expense: 1296.00
  • Net Operating Income: 22128.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 12984.00
  • Rent Control: No
  • Total Actual Rent: 2926.00
  • Total Expenses: 11611.00

Tax Info

  • New Taxes Expense: 4987.00
  • Tax Census Tract: 9106.01
  • Tax Lot: 5
  • Tax Tract Number: 23747

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Sep 24, 2018
Sold by
Pickett Wallis J and Pickett Marilyn B
Bought by
Matlock Mark Christopher
Seller's Agent
Erik Berry
Erik J. Berry
Buyer's Agent
Nancy Rodriguez
Keller Williams Realty Antelope Valley
List Price
$399,000
Sold Price
$405,000
Premium/Discount to List
$6,000
1.5%
Current Estimated Value
$659,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,000
Avg. Annual Appreciation
6.84%
Original Mortgage
$418,365
Interest Rate
4.7%
Mortgage Type
VA

Purchase Details

Closed on
May 19, 2014
Sold by
Pickett Wallis J
Bought by
Pickett Family Trust

Purchase Details

Closed on
Mar 17, 2004
Sold by
Evergreen Properties Inc
Bought by
Pickett Wallis J and Pickett Marilyn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,800
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2003
Sold by
Alvarez Antonio I
Bought by
Evergreen Properties Inc and Evergreen Real Estate Development

Purchase Details

Closed on
Jul 18, 2001
Sold by
Evergreen Properties Inc
Bought by
Alvarez Antonio I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,400
Interest Rate
6.73%

Purchase Details

Closed on
Apr 18, 2001
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Evergreen Properties Inc

Purchase Details

Closed on
Feb 2, 2001
Sold by
Bishop Daniel L
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Matlock Mark Christopher $405,000 Chicago Title Company
Pickett Family Trust -- None Available
Pickett Wallis J $298,500 First American Title Co
Evergreen Properties Inc -- --
Alvarez Antonio I -- South Coast Title Company
Evergreen Properties Inc $65,000 American Title Co
Federal Home Loan Mortgage Corporation $115,605 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matlock Mark Christopher $418,365
Previous Owner Pickett Wallis J $238,800
Previous Owner Alvarez Antonio I $92,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2018 11/14/18 Sold $405,000 +1.5% $130 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $399,000 -- $128 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,342 $451,782 $68,045 $383,737
2024 $7,342 $442,924 $66,711 $376,213
2023 $7,276 $434,240 $65,403 $368,837
2022 $7,007 $425,726 $64,121 $361,605
2021 $6,863 $417,379 $62,864 $354,515
2020 $6,753 $413,100 $62,220 $350,880
2019 $6,673 $405,000 $61,000 $344,000
2018 $6,418 $372,984 $110,580 $262,404
2016 $6,017 $358,502 $106,287 $252,215
2015 $5,982 $353,118 $104,691 $248,427
2014 $5,936 $346,202 $102,641 $243,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18222599

California Regional Multiple Listing Service (CRMLS)

APN: 3018-012-022

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