NOT LISTED FOR SALE

255 S 4th St Redlands, CA 92373

South Redlands Neighborhood

Estimated Value: $928,000 - $1,279,000

5 Beds
4 Baths
2,562 Sq Ft
$418/Sq Ft Est. Value

Last Sold August 27, 2015

Last sale price $474,000 $185 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $6,277/month

139 Days on Market

About This Home

As of August 2015

Rare find! Multi-unit property in the historic area of Redlands. Two building with two units each plus detached garage. Current rents range from $700 to over $1,000. Great tenants in highly desirable area. Recent improvements include: painting all units; mini blinds in all units; some new window ac units; tree removal; repair of driveway and sidewalk;installation of low maintenance gravel; replaced kitchen cabinets, faucets and sinks; replaced kitchen and bathroom flooring; new toilets, new kitchen ceiling; installed carbon dioxide detectors; replaced carpets; new back door; new refrigerators; new bathroom lighting, new bathroom fan and installation of irrigation.

Last Agent to Sell the Property

Jody Bell

KELLER WILLIAMS REALTY License #01922877 Listed on: 01/27/2015

KELLER WILLIAMS REALTY

Last Buyer's Agent

Jody Bell

KELLER WILLIAMS REALTY License #01922877 Listed on: 01/27/2015

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1892

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls

Home Design

  • 2,562 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Location

  • Property is near public transit

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 0171324010000

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $654
  • Gardener Expense $1,200
  • Insurance Expense $1,488
  • Pest Control $1,404
  • Trash Expense $654
  • Water Sewer Expense $654
  • New Taxes Expense $5,100
  • Gross Income $3,850
  • Net Operating Income $34,391

Property Details

Home Type

Multi-Family

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 654.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 0171324010000
  • Year Built: 1892
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 185.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Sewer Available
  • Laundry: No
  • Pest Control Expense: 1404.00
  • Trash Expense: 654.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 11920.00
  • Price Per Lot Square Foot: 39.77
  • Lot Size Acres: 0.2740

Multi Family

  • Electric Expense: 654.00
  • Gross Income: 3850.00
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 1488.00
  • Lot Size Area: 11920.0000 Square Feet
  • Net Operating Income: 34391.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 11808.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5100.00
  • Tax Lot: 7
  • Tax Tract Number: Fern
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2015
Sold by
Smith Vanson Jr Anthony P and Smith Vanson Kathy A
Bought by
Burgess Benjamin G and Burgess Holly J
Current Estimated Value
$1,072,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2011
Sold by
Vanson Anthony P and Smith Kathy A
Bought by
Vanson Anthony P and Smith Vanson Kathy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2008
Sold by
Ryan Thomas F
Bought by
Vanson Anthony P and Smith Kathy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2005
Sold by
Ryan Thomas F
Bought by
Ryan Thomas F and The Family Trust Of Thomas F R

Purchase Details

Closed on
Jan 8, 2002
Sold by
Ryan Thomas F
Bought by
Ryan Thomas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.11%

Purchase Details

Closed on
Sep 22, 2000
Sold by
Ryan Thomas F
Bought by
Ryan Thomas F and Family Trust Of Thomas F Ryan

Purchase Details

Closed on
Jul 21, 2000
Sold by
Mortgage One Corp
Bought by
Western Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
8.2%

Purchase Details

Closed on
Jun 20, 2000
Sold by
Sedgwick Robert A
Bought by
Ryan Thomas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
8.2%
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
Burgess Benjamin G $474,000 Lawyers Title
Vanson Anthony P -- Ticor Title
Vanson Anthony P $372,000 Fnt
Ryan Thomas F -- --
Ryan Thomas F -- Landsafe Title
Ryan Thomas F -- --
Western Properties Inc -- --
Ryan Thomas F $135,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burgess Benjamin G $333,750
Previous Owner Vanson Anthony P $253,500
Previous Owner Vanson Anthony P $125,000
Previous Owner Ryan Thomas F $121,000
Previous Owner Ryan Thomas F $121,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2015 08/27/15 Sold $474,000 -18.1% $185 / Sq Ft
06/15/2015 06/15/15 Pending -- -- --
01/27/2015 01/27/15 For Sale $579,000 -- $226 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,050 $561,120 $106,542 $454,578
2024 $6,587 $550,118 $104,453 $445,665
2023 $6,579 $539,331 $102,405 $436,926
2022 $6,485 $528,756 $100,397 $428,359
2021 $6,602 $518,388 $98,428 $419,960
2020 $6,505 $513,073 $97,419 $415,654
2019 $6,325 $503,013 $95,509 $407,504
2018 $6,169 $493,150 $93,636 $399,514
2017 $6,117 $483,480 $91,800 $391,680
2016 $6,049 $474,000 $90,000 $384,000
2015 $5,145 $398,592 $75,003 $323,589
2014 $5,053 $390,784 $73,534 $317,250
Source: Public Records

Agents Affiliated with this Home

  • Jody Bell

    Seller's Agent in 2015

    Jody Bell

    KELLER WILLIAMS REALTY

    (909) 733-6012

    9 in this area

    62 Total Sales

    Jody Bell
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15018801

California Regional Multiple Listing Service (CRMLS)

APN: 0171-324-01

California San Bernardino County Redlands 92373 South Redlands

255 S 4th St, Redlands, CA

Not Listed for Sale

MultiFamily

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