NOT LISTED FOR SALE

Estimated Value: $1,101,000 - $1,177,000

3 Beds
2 Baths
2,945 Sq Ft
$385/Sq Ft Est. Value

Last Sold January 23, 2012

Last sale price $415,000 $141 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $6,745/month

130 Days on Market

About This Home

As of January 2012

Bread and butter units in a good rental area. Four side by side units with four individual garages. Units have hardwood floors and built in storage. Laundry room provides extra income and help keeps tenants happy Long term tenants with low rents - potential upside. All appliances included with sale.

Last Agent to Sell the Property

Scott Underwood

Meadowbrook Realty License #00999539 Listed on: 08/20/2011

Last Buyer's Agent

Charles Fisher

Estate Properties License #01731424

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,369

Year Built

  • Built in 1940

Lot Details

  • 6,629 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Ranch Style House
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,945 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 13 / 7
  • Tax Tract Number 7205
  • Assessor Parcel Number 7205010015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Pest Control $500
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,508
  • Gross Income $3,575
  • Net Operating Income $39,546

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,369

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.62
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LBr1n
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7205010015
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 140.92

Exterior Features

  • Pool Private: No
  • Roof: Shingle, Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6629.00
  • Lot Size Acres: 0.1520

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 900
  • Gross Income: 3575.00
  • Gross Multiplier: 10.70
  • Gross Scheduled Income: 42900.00
  • Gross Spendable Income: 17545.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6629.0000 Square Feet
  • Net Operating Income: 39546.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Refrigerator: 2
  • Operating Expense: 2135.00
  • Operating Expense Percent: 5.00
  • Vacancy Allowance: 2130
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 5508.00
  • Tax Area: 5501
  • Tax Block: 7
  • Tax Lot: 13
  • Tax Rate: 1.20
  • Tax Tract Number: 7205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2015
Sold by
Gardener Casey and Gardener Jeffrey
Bought by
Gardener Casey J and Gardener Erin
Current Estimated Value
$1,134,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2011
Sold by
Tucker Terrence B
Bought by
Gardener Casey and Gardener Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 1997
Sold by
Libudziewski Family Trust Libudziewski Richar and Libudziewski Simone R
Bought by
Tucker Terrence B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,082
Interest Rate
7.34%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 1993
Sold by
Libudziewski Richard M and Libudziewski Simone R
Bought by
Libudziewski Richard M and Libudziewski Simone R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.88%
Source: Public Records

Range of Values:

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Average Value
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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
Gardener Casey J -- Chicago Title
Gardener Casey $415,000 Fatcola
Tucker Terrence B $169,000 Guardian Title Company
Libudziewski Richard M -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardener Casey J $595,000
Closed Gardener Casey J $385,000
Previous Owner Gardener Casey $311,250
Previous Owner Tucker Terrence B $159,355
Previous Owner Tucker Terrence B $163,718
Previous Owner Tucker Terrence B $165,082
Previous Owner Libudziewski Richard M $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2012 01/23/12 Sold $415,000 -9.6% $141 / Sq Ft
12/28/2011 12/28/11 Pending -- -- --
08/20/2011 08/20/11 For Sale $459,000 -- $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 $7,369 $530,650 $251,499 $279,151
2024 $7,369 $520,246 $246,568 $273,678
2023 $7,242 $510,046 $241,734 $268,312
2022 $6,817 $500,046 $236,995 $263,051
2021 $6,666 $490,243 $232,349 $257,894
2019 $6,572 $475,984 $225,458 $250,526
2018 $6,295 $466,658 $221,038 $245,620
2017 $55 $457,234 $216,704 $240,530
2016 $5,789 $448,269 $212,455 $235,814
2015 $5,478 $433,716 $209,020 $224,696
2014 $5,458 $425,221 $204,926 $220,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P793959

California Regional Multiple Listing Service (CRMLS)

APN: 7205-010-015