NOT LISTED FOR SALE

25823 Madrone Dr Willits, CA 95490

Estimated Value: $366,000 - $407,000

4 Beds
3 Baths
-- Sq Ft
7,296 Sq Ft Lot

Last Sold March 10, 2021

Last sale price $349,000

Est. 9% increase in value since last sale

Current estimated payment $2,357/month

9 Days on Market

Highlights

  • Wood Burning Stove
  • Engineered Wood Flooring
  • Ceiling Fan
  • Ranch Style House
  • Fenced Yard

About This Home

As of March 2021

Great rental investment opportunity or as a comfortable home with a 2nd unit as rental income. These are nicely updated 2 bedroom 1 bath apartments with private backyards and covered patios. The kitchens come with dishwashers, electric ranges and refrigerators which include a dining area. The living rooms have laminate flooring, wood stoves, and electric wall heaters. The owner has done soundproofing on the adjoining living room walls, adding significantly to the privacy for each apartment. Each apartment has its own storage shed and a shared garden area. The apartments have separate water and electric meters. Units have been well-cared for with appropriate upgrades through the past few years. Do not miss this exceptional investment opportunity!

Last Agent to Sell the Property

Allyn Thompson

RE/MAX Gold - Selzer and Assoc License #01404677 Listed on: 02/01/2021

RE/MAX Gold - Selzer and Assoc

Last Buyer's Agent

Carey Pinson

Coldwell Banker Mendo Realty License #01967973

Coldwell Banker Mendo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,296 Sq Ft Lot
  • Fenced Yard

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Ranch Style House
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4 Bedrooms
  • Ceiling Fan
  • Wood Burning Stove
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Linoleum

Utilities

  • 220 Volts
  • Separate Water Meter
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $28,200

Listing and Financial Details

  • Assessor Parcel Number 098-137-07-01

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Apartments
  • Directions To Property: Sherwood, right on Daphne, left on Casteel Drive, left on Madrone.
  • Lot Size Acres: 0.1675
  • CapRate: 6.07
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Ranch
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Free Standing Electric Range, Free Standing Refrigerator
  • Flooring: Carpet, Linoleum, Simulated Wood
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Slab
  • Lot Features: Other
  • Roof: Composition
  • ExteriorFeatures: Fenced Yard

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: 220 Volts
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
  • Heating: Wood Stove
  • Laundry Features: Washer/Dryer Hookups
  • Separate Meters: Electricity, Water

Condo/Co-op/Association

  • Association: No

Schools

  • Middle/Junior School District: Willits Unified

Lot Info

  • Assessor Parcel Number: 098-137-07-01
  • Lot Size Sq Ft: 7296
  • Price Per Acre: 2083582.09

Building Info

  • Year Built: 1980

Multi Family

  • Number Of2 Bedrooms Occupied: 1
  • NumberOfUnitsTotal: 2

MLS Schools

  • Senior High School District: Willits Unified
  • School District (County): Mendocino

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Mar 3, 2021
Sold by
Sweet Daniel P
Bought by
Velez Richard J and Velez Geraldine F
Seller's Agent
Allyn Thompson
RE/MAX Gold - Selzer and Assoc
Buyer's Agent
Carey Pinson
Coldwell Banker Mendo Realty
List Price
$349,000
Sold Price
$349,000
Current Estimated Value
$381,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,562
Avg. Annual Appreciation
1.88%
Original Mortgage
$226,750
Outstanding Balance
$185,827
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$195,735

Purchase Details

Listed on
Mar 20, 2013
Closed on
May 9, 2013
Sold by
Pnc Bank National Association
Bought by
Sweet Daniel P
Seller's Agent
Tara Moratti
Coldwell Banker Mendo Realty
Buyer's Agent
Peter Smith
Luxe Places International R
List Price
$143,000
Sold Price
$143,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Original Mortgage
$107,250
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 20, 2013
Closed on
Apr 23, 2013
Sold by
Federal National Mortgage Association
Bought by
Pnc Bank National Association
Seller's Agent
Tara Moratti
Coldwell Banker Mendo Realty
Buyer's Agent
Peter Smith
Luxe Places International R
List Price
$143,000
Sold Price
$143,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,250
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2012
Sold by
Hull Marleen R
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 14, 2007
Sold by
Hull Marleen R
Bought by
Hull Marleen R

Purchase Details

Closed on
Jun 21, 2001
Sold by
Johnson Roy E and Johnson Beverly D
Bought by
Hull Marleen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Velez Richard J $349,000 Redwood Empire Ttl Co Of Men
Sweet Daniel P $143,000 First American Title Company
Pnc Bank National Association -- First American Title
Federal National Mortgage Association $115,920 None Available
Hull Marleen R -- None Available
Hull Marleen R $75,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velez Richard J $226,750
Previous Owner Sweet Daniel P $107,250
Previous Owner Hull Marleen R $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2021 03/10/21 Sold $349,000 0.0% --
02/10/2021 02/10/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $349,000 +144.1% --
05/28/2013 05/28/13 Sold $143,000 0.0% $88 / Sq Ft View Prior Sale
05/24/2013 05/24/13 Pending -- -- --
03/20/2013 03/20/13 For Sale $143,000 -- $88 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $4,281 $374,519 $72,522 $301,997
2023 $4,281 $359,977 $69,706 $290,271
2022 $3,937 $352,920 $68,340 $284,580
2021 $1,970 $162,674 $39,813 $122,861
2020 $1,921 $161,013 $39,409 $121,604
2019 $1,919 $157,856 $38,636 $119,220
2018 $1,858 $154,762 $37,879 $116,883
2017 $1,821 $151,727 $37,136 $114,591
2016 $1,809 $148,753 $36,408 $112,345
2015 $1,800 $146,519 $35,861 $110,658
2014 $1,719 $143,649 $35,159 $108,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 22034706

Bay Area Real Estate Information Services (BAREIS)

APN: 098-137-07-01