Seller's Agent in 2020
Brenda Gomez
Berkshire Hathaway Homeservices California Realty
(909) 856-0613
1 in this area
43 Total Sales
223 W Olive Ave Redlands, CA 92373
South Redlands NeighborhoodEstimated Value: $829,000 - $1,098,265
3
Beds
4
Baths
4,257
Sq Ft
$214/Sq Ft
Est. Value
Highlights
- Laundry Room
- Bike Trail
- Under Construction
- Cope Middle School Rated A-
- Dog Park
About This Home
As of January 2020Drastic Price Reduction! Motivated Seller!! Submit All Offers!! Historic Home with approved plans for 7 units and potential income of $12K+. Built in 1903 as boarding home, later converted into seven (7) apartments. Sits on a prominent corner in the heart of the downtown historic district. The building has been under renovation since 2010 & is completely gutted inside. A new foundation and ornate masonry staircase was completed and approved by the City of Redlands on December 2012 with a cost of $85,000. Current owner has taken it to the next step of renovation by contracting for architectural drawings and getting approval through the Historic and Scenic Preservation Commission. HSPC approved the plans on October 5, 2017. Architectural Construction Plans were approved through the City of Redlands on October 30, 2018. The approved plans include 7 units- One 2 bedroom/2 bath, five 1 bedroom/1 bath, and one studio apartment for a total of 4,640 sq. ft. Amazing location provides walkability and cycling to downtown dining and entertainment, A.K. Smiley Library, Redlands Bowl, the Lincoln Shrine, University of Redlands and other points of interest. Redlands is a highly desirable place to live with easy commute to U of R, ESRI, and easy access to I-10. Seller has completed a structure and pricing analysis for this multi-unit income producing complex. If you are an investor with vision and courage call for an appointment to view the property and architectural plans today!!
Last Agent to Sell the Property
Berkshire Hathaway Homeservices California Realty License #02076492 Listed on: 08/15/2019
Last Buyer's Agent
Berkshire Hathaway Homeservices California Realty License #02076492 Listed on: 08/15/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1903 | Under Construction
Lot Details
- 0.26 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
- Major Repairs Completed
- Raised Foundation
- Block Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 4,257 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 2
- Assessor Parcel Number 0171322110000
Community Details
Overview
- 7 Units
Recreation
- Dog Park
- Bike Trail
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2019
Closed on
Jan 15, 2020
Sold by
Gomez Rosa E
Bought by
Ung William Leng Bun and Thai Lang
Seller's Agent
Brenda Gomez
Berkshire Hathaway Homeservices California Realty
Buyer's Agent
Brenda Gomez
Berkshire Hathaway Homeservices California Realty
List Price
$675,000
Sold Price
$475,000
Premium/Discount to List
-$200,000
-29.63%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,566
Avg. Annual Appreciation
11.32%
Original Mortgage
$332,500
Outstanding Balance
$292,514
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$619,052
Purchase Details
Closed on
Feb 2, 2018
Sold by
Diest David A Van
Bought by
Gomez Rosa E
Purchase Details
Closed on
Nov 12, 2003
Sold by
223 Olive Avenue Trust
Bought by
Vandiest David A and Gomez Rosa E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 15, 2003
Sold by
223 Olive Avenue Trust
Bought by
Cunningham Chad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 11, 2000
Sold by
Deboer Nellie A
Bought by
223 Olive Avenue Trust
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
8.16%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ung William Leng Bun | $475,000 | Lawyers Title Company | |
| Gomez Rosa E | -- | None Available | |
| Vandiest David A | $151,200 | -- | |
| Cunningham Chad | -- | -- | |
| Cunningham Chad | -- | -- | |
| 223 Olive Avenue Trust | $142,500 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ung William Leng Bun | $332,500 | |
| Previous Owner | Cunningham Chad | $50,000 | |
| Previous Owner | 223 Olive Avenue Trust | $142,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/17/2020 01/17/20 | Sold | $475,000 | 0.0% | $112 / Sq Ft |
| 12/05/2019 12/05/19 | Pending | -- | -- | -- |
| 11/13/2019 11/13/19 | Price Changed | $475,000 | -20.2% | $112 / Sq Ft |
| 10/09/2019 10/09/19 | Price Changed | $595,000 | -11.9% | $140 / Sq Ft |
| 08/15/2019 08/15/19 | For Sale | $675,000 | -- | $159 / 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 | $6,457 | $519,482 | $153,110 | $366,372 |
| 2024 | $6,028 | $509,296 | $150,108 | $359,188 |
| 2023 | $6,021 | $499,310 | $147,165 | $352,145 |
| 2022 | $5,934 | $489,519 | $144,279 | $345,240 |
| 2021 | $6,043 | $479,921 | $141,450 | $338,471 |
| 2020 | $2,490 | $196,597 | $87,104 | $109,493 |
| 2019 | $2,421 | $192,742 | $85,396 | $107,346 |
| 2018 | $2,362 | $188,963 | $83,722 | $105,241 |
| 2017 | $2,342 | $185,257 | $82,080 | $103,177 |
| 2016 | $2,316 | $181,625 | $80,471 | $101,154 |
| 2015 | $2,299 | $178,897 | $79,262 | $99,635 |
| 2014 | $2,258 | $175,392 | $77,709 | $97,683 |
Source: Public Records
Agents Affiliated with this Home
-
Brenda Gomez
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV19193942
APN: 0171-322-11
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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