$480,000
SOLD OCT 22, 2024
6 Beds
3 Baths
3,709 Sq Ft
5,001 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

4% Below List Price

133 Days on Market

Highlights

  • Craftsman Architecture
  • Covered Deck
  • Carpet
  • No HOA

About This Home

As of October 2024

NEW ROOF! Fully occupied fourplex The units are spacious and all tenants are up to date with their payments. Three out of four units are subsidized by Section 8, ensuring stable rental income. There is potential for rental increases in the future. Large basement, CASH FLOW!

Last Agent to Sell the Property

Randy Thomas

Cornerstone Real Estate Group License #01037761 Listed on: 04/15/2024

Last Buyer's Agent

Chirag Sheth

CURB® 100% Commission Brkr License #02087719

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,013

Year Built

  • Built in 1921

Home Design

  • Quadruplex
  • Craftsman Architecture
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Unreinforced Masonry Building

Interior Spaces

  • 3,709 Sq Ft Home
  • 2-Story Property
  • Free-Standing Gas Range

Flooring

  • Carpet
  • Linoleum
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Separate Water Meter
  • Private Water Source
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Deck
  • 5,001 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, sewer, gas, water
  • Assessor Parcel Number 139-020-21

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,013

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Year Built: 1921
  • Architectural Style: Craftsman
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range, Gas Water Heater, Free Standing Electric Range
  • Flooring: Carpet, Laminate, Linoleum
  • Price Per Square Foot: 129.41
  • Square Footage: 3709.00

Exterior Features

  • Construction Materials: Concrete, Frame, Glass, Masonry Unreinforced
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 498950.00
  • Lot Features: Curbs/Gutters, Sidewalk
  • New Construction: No
  • Patio And Porch Features: Covered Deck
  • Pool: No
  • Roof: Composition
  • Spa: No
  • Topography: Level,Trees Many,Level,Trees Many
  • View Description: Other

Garage/Parking

  • Parking Features: Off Street, Open, Uncovered

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Cable Available
  • Cooling: None
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Water Source: Meter on Site, Private
  • Separate Meters: Electricity, Gas, Water

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning: R1
  • Irrigation: None
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Gas, Water
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 4
  • Total Number Section8: 3
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4

Tax Info

  • Assessor Parcel Number: 139-020-21
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Sep 17, 2024
Sold by
Pusateri Nick J and Pusateri Nicholas J
Bought by
Sampat Dhruv
Seller's Agent
Randy Thomas
Cornerstone Real Estate Group
Buyer's Agent
Chirag Sheth
CURB® 100% Commission Brkr
List Price
$499,950
Sold Price
$480,000
Premium/Discount to List
-$19,950
-3.99%
Views
46
Current Estimated Value
$476,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,443
Avg. Annual Appreciation
-0.66%
Original Mortgage
$384,000
Outstanding Balance
$381,827
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$95,661

Purchase Details

Closed on
Jun 23, 2011
Sold by
Tahoe Group Inc
Bought by
Pusateri Nick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2011
Sold by
Lassiter Edward O and Lassiter Rebecca A
Bought by
Tahoe Group Inc

Purchase Details

Closed on
Feb 5, 2007
Sold by
Lassiter Edward O and Lassiter Rebecca A
Bought by
Lassiter Edward O and Lassiter Rebecca A

Purchase Details

Closed on
Jun 22, 2006
Sold by
Orland Sherri Lynn and Orland Scott D
Bought by
Lassiter Edward O and Lassiter Rebecca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2005
Sold by
Locke Rosalind L
Bought by
Orland Sherri Lynn and Orland Scott D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2003
Sold by
Brais Mike Antonio and Brais Patricia
Bought by
Locke Rosalind L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
5.6%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $480,000 Chicago Title
Grant Deed $130,000 Old Republic Title Company
Trustee Deed $70,000 None Available
Interfamily Deed Transfer -- None Available
Grant Deed $440,000 Financial Title Company
Grant Deed $408,000 Alliance Title Co
Grant Deed $305,000 Financial Title Co Stkn
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $384,000 New Conventional
Previous Owner $97,500 New Conventional
Previous Owner $352,000 Purchase Money Mortgage
Previous Owner $306,000 Purchase Money Mortgage
Previous Owner $348,500 Unknown
Previous Owner $274,500 No Value Available
Closed $61,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2024 10/22/24 Sold $480,000 -3.8% $129 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/15/2024 08/15/24 Price Changed $498,950 -0.2% $135 / Sq Ft
07/29/2024 07/29/24 For Sale $499,950 0.0% $135 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $499,950 -- $135 / 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
2024 $1,013 $73,880 $36,940 $36,940
2023 $991 $72,432 $36,216 $36,216
2022 $949 $71,012 $35,506 $35,506
2021 $913 $69,620 $34,810 $34,810
2020 $930 $68,908 $34,454 $34,454
2019 $926 $67,558 $33,779 $33,779
2018 $909 $66,234 $33,117 $33,117
2017 $864 $64,936 $32,468 $32,468
2016 $877 $63,662 $31,831 $31,831
2014 $829 $61,478 $30,739 $30,739
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224037419

MetroList

APN: 139-020-21