NOT LISTED FOR SALE
8 Beds
4 Baths
4,096 Sq Ft
0.33 Acres

Last Sold April 19, 2023

Last sale price $1,200,000 $293 Per Sq Ft

11 Days on Market

Highlights

  • 0.33 Acre Lot
  • Forced Air Heating System
  • Level Lot
  • Wood Flooring

About This Home

As of April 2023

This property can be used in many ways - investment, family compound, owner occupancy with rental income, development, or a combination. The 14,196 sq. ft. lot is zoned CO/Residential. The 245 E. Romie is a 1,430 sq. ft. three bedroom / one bathroom house. 245 E. Romie # A is a one-bedroom apartment. 249 E. Romie is a 2,194 sq. ft 4 bedroom / two bathroom house with high ceilings. 249 E. Romie has a large, private, fenced yard. It has a downstairs bedroom / full bath and three bedrooms upstairs with a full bathroom and lots of storage. The unit has new flooring, paint, and additional improvements. 245 E. Romie has a classic older home feel with sitting areas and interior arches. 245 A is located to the left of the garage spaces. The zoning and lot size can potentially yield additional units and ADUs. The potential gross income on current rents is $98,700.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 02/24/2023

Last Buyer's Agent

Adrian Del Real

Remax Property Experts License #01481662

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 0.33 Acre Lot
  • Level Lot

Parking

  • 1 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,096 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $98,700
  • Month-to-Month Lease Term

Community Details

Overview

  • 4,096 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,209
  • Maintenance Expense $2,250
  • Manager Expense $4,744
  • Other Expense $1,500
  • Utility Expense $1,572
  • Operating Expense $26,528
  • Gross Income $95,739

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Parking

1

Listing Details

  • Zoning: Commercial Office / Residential
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4096
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Kitchen: Countertop - Formica, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 4096
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, On Street

Utilities

  • Heating System: Central Forced Air, Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 583

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.3259
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14196.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14196.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 12.15
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 1209
  • Expense Landscape: 1800
  • Expense Maintenance: 2250
  • Expense Management: 4744
  • Expenses Other: 1500
  • Expenses Total: 26528
  • Expenses Utility: 1572
  • Income Annual Gross: 95739.00
  • Income Annual Rental: 98700
  • Income Gross Scheduled: 98700
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2023 04/19/23 Sold $1,200,000 +0.1% $293 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $1,199,000 -- $293 / Sq Ft
Source: MLSListings

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 $14,270 $1,313,480 $468,180 $845,300
2024 $14,270 $1,289,000 $459,000 $830,000
2023 $9,059 $1,200,000 $450,000 $750,000
2022 $1,031 $84,692 $63,578 $21,114
2021 $992 $83,032 $62,332 $20,700
2020 $966 $82,181 $61,693 $20,488
2019 $953 $80,571 $60,484 $20,087
2018 $939 $78,993 $59,299 $19,694
2017 $940 $77,445 $58,137 $19,308
2016 $940 $75,928 $56,998 $18,930
2015 $948 $74,788 $56,142 $18,646
2014 $889 $73,324 $55,043 $18,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81919898

MLSListings

APN: 002-613-043