NOT LISTED FOR SALE

213 N Spruce Ave Rialto, CA 92376

Estimated Value: $1,180,000 - $1,253,000

10 Beds
8 Baths
3,946 Sq Ft
$306/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $550,000 $139 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $7,078/month

14 Days on Market

Highlights

  • Gated Community
  • No HOA
  • Central Air
  • Property is near a park
  • Laundry Room
  • 8 Car Garage

About This Home

As of May 2015

Bank owned. Borrower owed 629K. Quality newer 2006 townhouse style units on 11,208 sq. ft. lot in unique gated community of Spruce Gardens. 10 beds, 10 baths. Each has great floorplan, private 2 car garage w/auto openers, central air, inside laundry and all separate meters. Super low maintenance, no rent control, and major upside in rent. Would make ideal family compound. 1 block to Werner Elementary and Rialto Middle Schools, walkable to Todd Park, Bender Park and library. Also see 2 adjacent properties, could be sold together or separate, but seller would prefer to sell all 3 as package.. These look like condos, but there's no HOA.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 04/23/2015

Last Buyer's Agent

Timothy Hahn

Nordine Realtors, Inc. License #01708266

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,964

Year Built

  • Built in 2006

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 78 x 124
  • No Common Walls
  • West Facing Home
  • Wrought Iron Fence

Parking

  • 8 Car Garage
  • Parking Available

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Frame Construction
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,946 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Central Water Heater
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 4779
  • Assessor Parcel Number 0128101390000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,964

Year Built

Built in 2006

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Gated Community
  • View: No
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 0128101390000
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 139.38

Exterior Features

  • Direction Faces: West
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater Central
  • Heating Type: Natural Gas
  • Laundry Features: Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 10000-19999 Sqft, Park Nearby
  • Lot Size: 78 x 124
  • Lot Size Sq Ft: 11208.00
  • Lot Size Acres: 0.2570

Multi Family

  • Gross Scheduled Income: 38400.00
  • Lot Size Area: 11208.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 3200.00

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 4779

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2015
Closed on
May 27, 2015
Sold by
Merchants Bank Of California Na
Bought by
Bella Rialto Investments Llc
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Timothy Hahn
Nordine Realtors, Inc.
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$1,208,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$658,667
Avg. Annual Appreciation
7.87%

Purchase Details

Closed on
Feb 4, 2015
Sold by
Vazquez Leonel and Vazquez Reynaldo
Bought by
Merchants Bank Of California Na

Purchase Details

Closed on
Jan 6, 2014
Sold by
Vazquez Leonel and Vazquez Reynaldo
Bought by
Unidos Por La Libertad Org

Purchase Details

Closed on
Oct 3, 2005
Sold by
Quez Investments Corp
Bought by
Spruce Gardens Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
5.63%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 15, 2003
Sold by
Pacific Contractors
Bought by
Quez Investments Corp

Purchase Details

Closed on
Sep 24, 2003
Sold by
Winesuff Irvin and Winesuff Rosalie
Bought by
Pacific Contractors

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bella Rialto Investments Llc $550,000 Lawyers Title Co
Merchants Bank Of California Na $1,200,000 None Available
Unidos Por La Libertad Org -- None Available
Spruce Gardens Llc -- Orange Coast Title Company
Quez Investments Corp -- Orange Coast Title Company
Pacific Contractors $360,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spruce Gardens Llc $2,700,000
Previous Owner Pacific Contractors $180,000
Closed Pacific Contractors $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2015 05/29/15 Sold $550,000 0.0% $139 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $550,000 -- $139 / 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 $7,964 $661,020 $114,178 $546,842
2024 $7,964 $648,059 $111,939 $536,120
2023 $8,496 $635,352 $109,744 $525,608
2022 $7,888 $622,894 $107,592 $515,302
2021 $7,837 $610,680 $105,482 $505,198
2020 $7,890 $604,418 $104,400 $500,018
2019 $7,709 $592,567 $102,353 $490,214
2018 $7,484 $580,948 $100,346 $480,602
2017 $7,427 $569,556 $98,378 $471,178
2016 $7,344 $558,388 $96,449 $461,939
2015 $6,173 $458,991 $91,798 $367,193
2014 -- $461,800 $67,200 $394,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15086111

California Regional Multiple Listing Service (CRMLS)

APN: 0128-101-39