NOT LISTED FOR SALE

Estimated Value: $983,560

5 Beds
5 Baths
2,511 Sq Ft
$392/Sq Ft Est. Value

Last Sold June 03, 2014

Last sale price $508,000 $202 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $5,995/month

114 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating
  • Double Oven
  • Shed
  • Ceiling Fan

About This Home

As of June 2014

Mixed Use Property. 3 Rental Units + 1 Front Office *** 2614, 2612, 2610, 2608 MOUNTAIN VIEW ROAD *** Very Centralized Location, Large Lot Size .27 acre with C4 Zoning, plenty of Parking space. (Lot dimensions are 60' wide x 200'). ALL 4 PROPERTIES ARE DETACHED, 2511 total square feet, per assessor. 1 office and 3 separate units. Total of 4 electric meters, 4 gas meters and 1 water meter. Front unit is an OFFICE that has 2 Rooms with 1 bathroom - rent is at $500/mo.

Last Agent to Sell the Property

Sue Miskelly

Seven Gables Real Estate License #01343718 Listed on: 05/15/2014

Seven Gables Real Estate

Last Buyer's Agent

PHILIP CHEN

COLDWELL BANKER DYNASTY/ARC License #01092612

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,114

Year Built

  • Built in 1958

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 60 x 200
  • No Common Walls
  • Block Wall Fence
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Interior Spaces

  • 2,511 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room with Fireplace
  • Window Bars
  • Double Oven
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Shed
  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 11410
  • Assessor Parcel Number 8106022008

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,000
  • Water Sewer Expense $2,200
  • New Taxes Expense $7,400
  • Gross Income $2,900
  • Net Operating Income $23,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,114

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Security: Window Bars
  • Water Sewer Expenses: 2200.00
  • Zoning: EMC4
  • Property Type: Residential Income
  • Parcel Number: 8106022008
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 202.31

Exterior Features

  • Other Structures: Shed(s)
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Rectangular Lot
  • Lot Size: 60 x 200
  • Lot Size Sq Ft: 12077.00
  • Lot Size Acres: 0.2770

Multi Family

  • Gross Income: 2900.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 12077.0000 Square Feet
  • Net Operating Income: 23000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11800.00
  • Rent Control: No
  • Total Actual Rent: 2900.00

Tax Info

  • New Taxes Expense: 7400.00
  • Tax Lot: 14
  • Tax Tract Number: 11410

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2016
Sold by
Hung Lai Ling
Bought by
Hung Lai Ling and Hung Living Trust
Current Estimated Value
$983,560

Purchase Details

Listed on
May 15, 2014
Closed on
Apr 28, 2014
Sold by
Adkins Dennis L
Bought by
Hung Lai Ling
Seller's Agent
Sue Miskelly
Seven Gables Real Estate
Buyer's Agent
PHILIP CHEN
COLDWELL BANKER DYNASTY/ARC
List Price
$649,000
Sold Price
$508,000
Premium/Discount to List
-$141,000
-21.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Feb 1, 2007
Sold by
Peterson Sharon I
Bought by
Peterson Robert S and Peterson Sharon I

Purchase Details

Closed on
Feb 10, 2000
Sold by
Peterson Sharon I
Bought by
Adkins Dennis H and Adkins Cecilia
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
Hung Lai Ling -- None Available
Hung Lai Ling $508,000 Fatcola
Peterson Robert S -- None Available
Adkins Dennis H -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2014 06/03/14 Sold $508,000 -21.7% $202 / Sq Ft
04/26/2014 04/26/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $649,000 -- $258 / 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 $9,114 $622,728 $551,634 $71,094
2024 $9,114 $610,518 $540,818 $69,700
2023 $8,967 $598,548 $530,214 $68,334
2022 $8,634 $586,813 $519,818 $66,995
2021 $8,826 $575,308 $509,626 $65,682
2020 $8,575 $569,410 $504,401 $65,009
2019 $8,562 $558,246 $494,511 $63,735
2018 $8,122 $547,301 $484,815 $62,486
2016 $7,490 $526,050 $465,990 $60,060
2015 $7,406 $518,149 $458,991 $59,158
2014 $1,689 $68,756 $23,378 $45,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14000526

California Regional Multiple Listing Service (CRMLS)

APN: 8106-022-008