NOT LISTED FOR SALE

22416 Terrace Pines Dr Grand Terrace, CA 92313

Estimated Value: $1,601,150 - $1,664,000

7 Beds
6 Baths
4,562 Sq Ft
$358/Sq Ft Est. Value

Last Sold October 25, 2013

Last sale price $665,000 $146 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $9,540/month

108 Days on Market

About This Home

As of October 2013

We are pleased to exclusively present the Terrace Pines Townhomes, which is a four unit apartment complex located at 22416 Terrace Pines Drive in the city of Grand Terrace, California. Built in 1989, the property is situated on a 0.18 acre lot and has approximately 4,560 rentable square feet. The unit mix consists of two, two-bedroom/two-bathroom apartments, one, two-bedroom/two and a half-bathroom apartments and one, three-bedroom/two and a half-bathroom apartments.

Each apartment comes equipped with an attached two-car garage, washer and dryer hook-ups, central air conditioning and very spacious townhouse style floor plans. Most of the apartments also include woodburning fireplaces, vaulted ceilings and two master suites.

There are multiple parcels in the same development listed by broker. Photos may not represent actual property. Please contact the Listing Agent for further details.

Last Agent to Sell the Property

John Stephens

KW COMMERCIAL License #01238307 Listed on: 08/19/2013

KW COMMERCIAL

Last Buyer's Agent

John Stephens

KW COMMERCIAL License #01238307 Listed on: 08/19/2013

KW COMMERCIAL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,106

Year Built

  • Built in 1989

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 4,562 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 10586
  • Assessor Parcel Number 0275301110000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,437
  • New Taxes Expense $10,331
  • Gross Income $5,060
  • Net Operating Income $39,447

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,106

Year Built

Built in 1989

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0275301110000
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 145.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 5060.00
  • Gross Scheduled Income: 60720.00
  • Insurance Expense: 1437.00
  • Lot Size Area: 0.1800 Acres
  • Net Operating Income: 39447.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 19451.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10331.00
  • Tax Lot: 4
  • Tax Tract Number: 10586

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 1998
Sold by
Mauerhan Clarence W and Mauerhan W C
Bought by
C & E Mauerhan Family Ltd Partnership
Current Estimated Value
$1,632,575
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
C & E Mauerhan Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed C & E Mauerhan Family Lp $335,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2013 10/25/13 Sold $665,000 -6.7% $146 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
07/09/2013 07/09/13 For Sale $712,500 -- $156 / 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 $10,106 $815,202 $61,294 $753,908
2024 $10,106 $799,217 $60,092 $739,125
2023 $10,128 $783,546 $58,914 $724,632
2022 $9,985 $768,183 $57,759 $710,424
2021 $10,177 $753,120 $56,626 $696,494
2020 $10,215 $745,397 $56,045 $689,352
2019 $9,948 $730,781 $54,946 $675,835
2018 $9,637 $716,452 $53,869 $662,583
2017 $9,307 $702,404 $52,813 $649,591
2016 $9,537 $688,631 $51,777 $636,854
2015 $9,240 $678,287 $50,999 $627,288
2014 $8,927 $665,000 $50,000 $615,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13133619

California Regional Multiple Listing Service (CRMLS)

APN: 0275-301-11