NOT LISTED FOR SALE

Estimated Value: $370,000 - $451,000

4 Beds
2 Baths
1,344 Sq Ft
$315/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $455,000 $339 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,702/month

34 Days on Market

Highlights

  • Private Yard
  • Covered Patio or Porch
  • Double Pane Windows
  • No HOA
  • 2 Car Attached Garage
  • Bungalow

About This Home

As of August 2022

2 houses on 1 double sized lot. Each house is 2 bedrooms and 1 bath and a one car garage. Excellent investment as-is or split into 2 lots with 2 single-family-homes. Property is splitable with a variance from the city and would provide an even greater return on investment as 2 single-family-homes. Both houses are fenced and 2252 E. Marsh has been remodeled with fresh paint, carpet & flooring, and a completely remodeled bath. Currently total annual rents are $33,624 with a GRM of 14.72 and 6.8% Cap Rate. Rents are below market with potential rents of $1,595 to $1,695 per month. Potential annual income of $40,680 with a GRM of 12.2 and 8.2% Cap Rate! A fantastic investment opportunity. 2260 E. Marsh is occupied. PLEASE DO NOT DISTURB THE TENANTS.

Last Agent to Sell the Property

Greg Batchelder

Windermere Signature Properties El Dorado Hills/Folsom License #01321061 Listed on: 06/01/2022

Windermere Signature Properties El Dorado Hills/Folsom

Last Buyer's Agent

Laura Flores

Compass License #01709648

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 10,001 Sq Ft Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Bungalow
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Window Treatments
  • Free-Standing Gas Range

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • Property is located within a water district

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 155-350-22

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1955
  • Architectural Style: Bungalow
  • Levels: One
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range
  • Other Equipment: Varies by Unit
  • Flooring: Carpet, Laminate
  • Basement: None
  • Price Per Square Foot: 338.54
  • Window Features: Dual Pane Full, Window Coverings

Exterior Features

  • Construction Materials: Stucco, Frame
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Exterior Features: Yard Space
  • Foundation: Slab
  • Listing Price: 470000.00
  • Lot Features: Curbs/Gutters, Sidewalk
  • Patio And Porch Features: Covered Patio
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Topography: Level

Garage/Parking

  • Open Parking Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking Features: Attached, Open, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected
  • Cooling: Window Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace, Natural Gas
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Water District, Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: RES
  • Irrigation: None
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10001.00

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Month To Month
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only,See Remarks
  • Existing Lease Type: See Remarks
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 155-350-22
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Aug 31, 2022
Sold by
Parada Quinteros Irene M
Bought by
Allen Mykelti Anando
Seller's Agent
Greg Batchelder
Windermere Signature Properties El Dorado Hills/Folsom
Buyer's Agent
Laura Flores
Compass
List Price
$470,000
Sold Price
$455,000
Premium/Discount to List
-$15,000
-3.19%
Views
6
Current Estimated Value
$423,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,183
Avg. Annual Appreciation
-2.05%
Original Mortgage
$341,250
Outstanding Balance
$326,939
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$96,878

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 29, 2022
Sold by
Rivas Yepes Fabian Ubaldo
Bought by
Quinteros Maura I Ramirez
Seller's Agent
Greg Batchelder
Windermere Signature Properties El Dorado Hills/Folsom
Buyer's Agent
Laura Flores
Compass
List Price
$470,000
Sold Price
$455,000
Premium/Discount to List
-$15,000
-3.19%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Outstanding Balance
$326,939
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$96,878

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 11, 2022
Sold by
Estopinal Andrew
Bought by
Quinteros Irene M Parada and Quinteros Maura I
Seller's Agent
Greg Batchelder
Windermere Signature Properties El Dorado Hills/Folsom
Buyer's Agent
Laura Flores
Compass
List Price
$470,000
Sold Price
$455,000
Premium/Discount to List
-$15,000
-3.19%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Outstanding Balance
$326,939
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$96,878

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 5, 2022
Sold by
Gulfstream Portfolio Management Llc
Bought by
Estopinal Andrew
Seller's Agent
Greg Batchelder
Windermere Signature Properties El Dorado Hills/Folsom
Buyer's Agent
Laura Flores
Compass
List Price
$470,000
Sold Price
$455,000
Premium/Discount to List
-$15,000
-3.19%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Outstanding Balance
$326,939
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$96,878

Purchase Details

Closed on
Mar 21, 2022
Sold by
St Amour Catherine
Bought by
Estopinal Andrew

Purchase Details

Closed on
Jun 30, 2015
Sold by
Nation Star Mortgage Llc
Bought by
Gulfstream Portfolio Management Llc

Purchase Details

Closed on
Feb 24, 2015
Sold by
Ameen Mumtaz Steven
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Nov 15, 2004
Sold by
Ameen Simha
Bought by
Ameen Mumtaz Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2004
Sold by
Schlatter Peter K
Bought by
Ameen Mumtaz Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Allen Mykelti Anando -- --
Quinteros Maura I Ramirez -- Fidelity National Title
Quinteros Irene M Parada $455,000 Fidelity National Title
Estopinal Andrew -- Fidelity National Title
Estopinal Andrew -- Fidelity National Title
Gulfstream Portfolio Management Llc $103,000 Fidelity National Title Co
Nationstar Mortgage Llc $361,427 First American Title Company
Ameen Mumtaz Steven -- Fidelity Natl Title Ins Co
Ameen Mumtaz Steven $294,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quinteros Maura I Ramirez $341,250
Previous Owner Quinteros Irene M Parada $341,250
Previous Owner Ameen Mumtaz Steven $235,200
Closed Ameen Mumtaz Steven $58,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2022 08/02/22 Sold $455,000 -3.2% $339 / Sq Ft
07/05/2022 07/05/22 For Sale $470,000 0.0% $350 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
06/24/2022 06/24/22 Price Changed $470,000 -5.1% $350 / Sq Ft
06/01/2022 06/01/22 For Sale $495,000 -- $368 / 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
2025 $5,855 $473,382 $156,060 $317,322
2024 $5,763 $464,100 $153,000 $311,100
2023 $1,524 $117,078 $56,889 $60,189
2022 $1,465 $114,783 $55,774 $59,009
2021 $1,408 $112,533 $54,681 $57,852
2020 $1,434 $111,380 $54,121 $57,259
2019 $1,428 $109,197 $53,060 $56,137
2018 $1,402 $107,057 $52,020 $55,037
2017 $1,329 $104,958 $51,000 $53,958
2016 $1,353 $102,900 $50,000 $52,900
2015 $1,179 $88,000 $30,000 $58,000
2014 $955 $73,000 $18,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222071717

MetroList

APN: 155-350-22