NOT LISTED FOR SALE

2506 Fairfield St Sacramento, CA 95815

Old North Sacramento Neighborhood

Estimated Value: $395,000 - $485,000

4 Beds
2 Baths
1,674 Sq Ft
$268/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $350,000 $209 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,781/month

57 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Double Pane Windows

About This Home

As of September 2020

This duplex is a solid investment opportunity that will provide worry free income for years to come. Featuring 2 bedrooms and 1 bathroom with 1 car garage on each side, 2506 was remodeled last year with new dual pane windows, new kitchen, new bathroom, fresh paint, and new laminate flooring. 2510 was renovated a few years ago as well. Both have solid tenants. You will not find a better property for the money. New roof just installed 7/2020.

Last Agent to Sell the Property

Scott Patel

Diamond Star Real Estate Group License #01922429 Listed on: 06/10/2020

Last Buyer's Agent

Scott Patel

Diamond Star Real Estate Group License #01922429 Listed on: 06/10/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,480

Year Built

  • Built in 1980

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions: 6098

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 263-0242-026-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $900
  • Operating Expense $4,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,480

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1980
  • Stories: 1
  • Number of Two Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Range,Microwave
  • Other Equipment: None
  • Flooring: Carpet,Laminate,Tile
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Foundation: Slab
  • Listing Price: 349899.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Cooling: Central
  • Heating: Central
  • Water Source: Public
  • Utilities Expenses: 3180

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Twin Rivers Unified

Lot Info

  • Zoning Description: R-2B
  • Lot Size Acres: 0.1400
  • Lot Dimensions: 6,098 Sqft
  • Lot Size Sq Ft: 6098

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Gross Income: 31740
  • Operating Expense: 4080
  • Income Includes: Rent Only
  • Insurance Expense: 900
  • Number of Leased Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 263-0242-026-0000
  • Current RE Taxes: 1480
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Sep 18, 2020
Sold by
Patel Poonam H
Bought by
Patel Hiren J
Seller's Agent
Scott Patel
Diamond Star Real Estate Group
Buyer's Agent
Scott Patel
Diamond Star Real Estate Group
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$449,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,196
Avg. Annual Appreciation
5.88%
Original Mortgage
$262,500
Outstanding Balance
$234,007
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$231,188

Purchase Details

Listed on
Jun 10, 2020
Closed on
Sep 17, 2020
Sold by
R C Consulting Inc
Bought by
Patel Hiren J
Seller's Agent
Scott Patel
Diamond Star Real Estate Group
Buyer's Agent
Scott Patel
Diamond Star Real Estate Group
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$234,007
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$231,188

Purchase Details

Closed on
Oct 25, 2012
Sold by
Chavez R and The Fairfield Trust
Bought by
R C Consulting

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,085,000
Interest Rate
3.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2012
Sold by
Contreras Francisco Jose and Contreras Cynthia
Bought by
Fairfield Trust #2510

Purchase Details

Closed on
Apr 28, 2005
Sold by
Lamonte Laura
Bought by
Contreras Francisco Jose and Contreras Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 2, 2000
Sold by
Neil Leonard Dale
Bought by
Neill June M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,951
Interest Rate
8.12%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2000
Sold by
Gonzalez June M
Bought by
Lamonte Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,951
Interest Rate
8.12%
Mortgage Type
FHA
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
Patel Hiren J -- Stewart Title Of Sacramento
Patel Hiren J $350,000 Stewart Title Of Sacramento
R C Consulting -- Stewart Title Of Sacramento
Fairfield Trust #2510 $26,500 None Available
Contreras Francisco Jose $390,000 Financial Title Company
Neill June M -- Placer Title Company
Lamonte Laura $94,500 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Hiren J $262,500
Previous Owner R C Consulting $2,245,000
Previous Owner R C Consulting $1,085,000
Previous Owner R C Consulting $1,085,000
Previous Owner Contreras Francisco Jose $312,000
Previous Owner Lamonte Laura $112,000
Previous Owner Lamonte Laura $88,305
Previous Owner Lamonte Laura $84,951
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2020 09/23/20 Sold $350,000 0.0% $209 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/30/2020 07/30/20 Price Changed $349,899 0.0% $209 / Sq Ft
07/29/2020 07/29/20 For Sale $349,900 0.0% $209 / Sq Ft
06/18/2020 06/18/20 Price Changed $349,900 +7.7% $209 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $324,900 -- $194 / 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 $4,657 $378,850 $108,242 $270,608
2024 $4,657 $371,422 $106,120 $265,302
2023 $4,679 $364,140 $104,040 $260,100
2022 $4,418 $357,000 $102,000 $255,000
2021 $4,399 $350,000 $100,000 $250,000
2020 $1,498 $97,615 $22,966 $74,649
2019 $1,479 $95,702 $22,516 $73,186
2018 $1,406 $93,826 $22,075 $71,751
2017 $1,438 $91,988 $21,643 $70,345
2016 $1,369 $90,185 $21,219 $68,966
2015 $1,298 $88,832 $20,901 $67,931
2014 $1,319 $87,093 $20,492 $66,601
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Scott Patel

    Diamond Star Real Estate Group

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Map

Source: MetroList

MLS Number: 20032897

MetroList

APN: 263-0242-026

California Sacramento County Sacramento 95815 Old North Sacramento

2506 Fairfield St, Sacramento, CA

This home is located at 2506 Fairfield St, Sacramento, CA 95815 since 10 June 2020 and is currently estimated at $449,196, approximately $268 per square foot. This property was built in 1980. 2506 Fairfield St is a home located in Sacramento County with nearby schools including Northwood Elementary School, Martin Luther King Jr. Technology Academy, and Grant Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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