NOT LISTED FOR SALE

Estimated Value: $672,000 - $721,000

5 Beds
2 Baths
1,530 Sq Ft
$454/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $705,000 $461 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,677/month

26 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wood Siding
  • Cooling Available
  • Paved or Partially Paved Lot
  • 5-minute walk to Pogo Park #2

About This Home

As of September 2023

For an investor with vision, 227-229 S 7th Street in Richmond’s Santa Fe neighborhood is something akin to a “must buy” (especially considering the modest asking price of $699,995). This 2-unit building (1 - 2BR/1BA, 1 - 3BR/1BA) is located just minutes away from Kaiser Permanente’s Richmond Medical Center and Chevron’s Richmond facility. Such proximity all but guarantees any vacancies will be short lived as medical assistants, traveling nurses, and other types of strong professionals always desire convenient housing. Onsite amenities include parking, laundry, and a secure entry to ensure tenants always feel safe at home. One of the two units (3BR) shall be delivered vacant and move-in ready, allowing the new owner to either occupy a unit or handpick new tenants and set rents for both. The 2BR unit will come occupied, allowing the new owner to generate modest immediate cash flow.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 06/30/2023

Keller Williams Realty

Last Buyer's Agent

Alfonso Rodriguez

America Realty License #01178435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,510

Year Built

  • Built in 1961

Lot Details

  • 4,294 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Front Yard

Parking

  • Parking Lot

Home Design

  • Duplex
  • Frame Construction
  • Wood Siding

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 1,530 Sq Ft Building
  • Bridge Aor Association

Listing and Financial Details

  • Assessor Parcel Number 5502020216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,510

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Year Built: 1961
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Directions: Harbour Way S to Maine Ave to S 7th St.
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Basement: None
  • Appliances: Gas Water Heater
  • Total Bedrooms: 5

Exterior Features

  • Lot Features: Front Yard, Paved
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Front Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Cooling: Ceiling Fan(s)
  • Laundry Features: Common Area
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Zoning: RL-2
  • Lot Size Sq Ft: 4294
  • Parcel Number: 5502020216
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 3790

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Aug 22, 2023
Sold by
Ira Services Trust Co and Mark Skolnick Ira
Bought by
Sierra Carlos and Borbon Luisa Sierra
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Alfonso Rodriguez
America Realty
List Price
$699,995
Sold Price
$705,000
Premium/Discount to List
$5,005
0.72%
Views
139
Current Estimated Value
$663,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,124
Avg. Annual Appreciation
-0.76%
Original Mortgage
$666,092
Outstanding Balance
$652,131
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$42,576

Purchase Details

Closed on
Jul 9, 2015
Sold by
Pensco Trust Company
Bought by
Ira Services Trust Company

Purchase Details

Closed on
May 31, 2013
Sold by
Santos Norma
Bought by
Pensco Trust Company

Purchase Details

Closed on
Jun 20, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Santos Norma

Purchase Details

Closed on
Jun 14, 2011
Sold by
Deleon Antonio
Bought by
Santos Norma

Purchase Details

Closed on
May 6, 2010
Sold by
Anguiano Martha
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 23, 2006
Sold by
Anguiano Yuliana Rangel and Anguiano Martha
Bought by
Anguiano Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
8.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2005
Sold by
Gomez Francisco Leon
Bought by
Anguiano Yuliana Rangel and Anguiano Martha Angelica Rangel

Purchase Details

Closed on
Mar 3, 2004
Sold by
Singh Malkit
Bought by
Gomez Francisco Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,960
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2001
Sold by
Fort Johnnie E and Antoine Fort Leasha
Bought by
Singh Malkit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 1993
Sold by
American Svgs Bank
Bought by
Fort Johnnie E and Antoine Fort Leasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,750
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sierra Carlos $705,000 Fidelity National Title Compan
Ira Services Trust Company -- None Available
Pensco Trust Company $95,000 Old Republic Title Company
Santos Norma $70,000 Landsafe Title
Santos Norma -- Landsafe Title
Deutsche Bank National Trust Company $108,992 Landsafe Title
Anguiano Martha -- First American Title Co
Anguiano Yuliana Rangel -- --
Gomez Francisco Leon $350,000 Chicago Title
Singh Malkit $165,000 North American Title Co
Fort Johnnie E $67,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sierra Carlos $666,092
Previous Owner Anguiano Martha $429,000
Previous Owner Gomez Francisco Leon $279,960
Previous Owner Gomez Francisco Leon $69,990
Previous Owner Singh Malkit $180,000
Previous Owner Singh Malkit $132,000
Previous Owner Fort Iii Johnnie E $24,000
Previous Owner Fort Johnnie E $50,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $705,000 -- --
09/05/2023 09/05/23 Sold $705,000 +0.7% $461 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $699,995 -- $458 / Sq Ft
Source: bridgeMLS

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 $12,510 $719,100 $561,000 $158,100
2024 $4,480 $705,000 $550,000 $155,000
2023 $4,480 $147,942 $88,765 $59,177
2022 $4,339 $145,042 $87,025 $58,017
2021 $4,226 $142,199 $85,319 $56,880
2019 $3,948 $137,984 $82,790 $55,194
2018 $3,794 $135,279 $81,167 $54,112
2017 $3,676 $132,627 $79,576 $53,051
2016 $3,578 $130,027 $78,016 $52,011
2015 $3,509 $128,075 $76,845 $51,230
2014 $3,508 $125,567 $75,340 $50,227
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41031818

bridgeMLS

APN: 550-202-021-6