NOT LISTED FOR SALE

262 Montrose Dr Folsom, CA 95630

Estimated Value: $837,364 - $1,006,000

2 Beds
1 Bath
909 Sq Ft
$984/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $780,000 $858 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,385/month

6 Days on Market

Highlights

  • No HOA
  • Grid-tied solar system exports excess electricity
  • High Speed Internet
  • Blanche Sprentz Elementary School Rated A-
  • Coin Laundry
  • 1-Story Property

About This Home

As of June 2021

Must close concurrently with 321 Montrose Dr, Folsom, CA. Located in the highly coveted and irreplaceable location and rental market of Folsom, California. s 262 Montrose Drive APN# 071-0265-007that was built in 1964, and is comprised of 4-two bedroom/one bathroom dual level townhouse style units that are approximately 909 square feet.

Last Agent to Sell the Property

Daniel Daboski

Titan Commercial License #01267882 Listed on: 03/30/2021

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,841

Home Design

  • Quadruplex

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • 1-Story Property
  • Grid-tied solar system exports excess electricity
  • 7,841 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 071-0265-007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • 2 Units Leased Month-To-Month
  • Insurance Expense $1,523
  • Maintenance Expense $1,600
  • Net Operating Income $33,882

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 1
  • Year Built: 1964
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Varies by Unit, Other

Exterior Features

  • Construction Materials: Other
  • Foundation: Other
  • Listing Price: 850000.00
  • Lot Features: None

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 4

Utilities

  • Security: None
  • Sewer: Other
  • Utilities: All Electric, Natural Gas Connected, Cable Available, Internet Available
  • Cooling: Other
  • Electric: PV-On Grid
  • Heating: Other
  • Laundry Features: Coin Operated
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning Description: R3
  • Irrigation: Other
  • Lot Size Acres: 0.1800
  • Lot Size Sq Ft: 7841

Rental Info

  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1523
  • Maintenance Expense: 1600
  • Number of Leased Units: 4
  • Number of Month to Month Units: 2
  • Number of Units: 4

Tax Info

  • Assessor Parcel Number: 071-0265-007
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2021
Sold by
Patel Vishal and Patel Kimberly
Bought by
Patel Vishal and Patel Kimberly
Current Estimated Value
$894,841

Purchase Details

Listed on
Mar 30, 2021
Closed on
May 26, 2021
Sold by
Dabkoski Daniel and Banafsheha Rabbie
Bought by
Patel Kimberly and Patel Vishal
Seller's Agent
Daniel Daboski
Titan Commercial
Buyer's Agent
Non-MLS Member
Non-MLS Office
Sold Price
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.01%
Original Mortgage
$545,300
Outstanding Balance
$493,701
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$401,140

Purchase Details

Closed on
Oct 1, 2020
Sold by
Jones Dennis W and Jones Donna G
Bought by
Dankoski Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2011
Sold by
Jones Larry W and Jones Donna G
Bought by
Jones Larry W and Jones Donna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2007
Sold by
Rich Peter F
Bought by
Jones Larry W and Jones Donna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2007
Sold by
Rich Norita
Bought by
Rich Peter F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 7, 2007
Sold by
Morales Delta A
Bought by
Rich Peter F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 13, 2004
Sold by
Morales Delta A
Bought by
Morales Delta A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2004
Sold by
Alhady Aaron M and Alhady Susan E
Bought by
Morales Delta A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2002
Sold by
Melville Jake Vanlor
Bought by
Alhady Aaron M and Alhady Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2001
Sold by
Melville Jake V
Bought by
Melville Jake Vanlor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 1999
Sold by
Fosters Service Company
Bought by
Briggs Jo and Baum David

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
7.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 1999
Sold by
Baum Family Revocable Trust and David
Bought by
Pierce Del and Pierce Melinda

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
7.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Patel Vishal -- None Available
Patel Vishal -- None Available
Patel Kimberly $780,000 North American Title Company
Dankoski Daniel $1,260,000 North American Title Company
Jones Larry W -- Entitle Direct Insurance
Jones Larry W $555,000 Chicago Title Company
Rich Peter F -- None Available
Rich Peter F $550,000 Commonwealth Land Title
Morales Delta A -- First American Title Lenders
Morales Delta A $600,000 North American Title Co
Alhady Aaron M $425,000 Placer Title Company
Melville Jake Vanlor -- --
Melville Jake V $260,000 Placer Title Company
Briggs Jo -- Stewart Title
Pierce Del $179,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Kimberly $545,300
Previous Owner Dankoski Daniel $980,000
Previous Owner Jones Larry W $367,500
Previous Owner Jones Larry W $400,000
Previous Owner Rich Peter F $82,500
Previous Owner Rich Peter F $412,500
Previous Owner Morales Delta A $280,000
Previous Owner Alhady Aaron M $195,000
Previous Owner Melville Jake V $208,000
Previous Owner Pierce Del $121,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2021 06/03/21 Sold $780,000 0.0% $858 / Sq Ft
04/28/2021 04/28/21 Off Market $780,000 -- --
04/12/2021 04/12/21 For Sale -- -- --
04/05/2021 04/05/21 Pending -- -- --
04/02/2021 04/02/21 For Sale -- -- --
03/31/2021 03/31/21 Off Market $780,000 -- --
03/30/2021 03/30/21 For Sale $850,000 -- $935 / 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 $9,019 $844,294 $173,188 $671,106
2024 $9,019 $827,741 $169,793 $657,948
2023 $8,859 $811,512 $166,464 $645,048
2022 $8,730 $795,600 $163,200 $632,400
2021 $6,792 $615,000 $160,000 $455,000
2020 $6,739 $611,520 $196,560 $414,960
2019 $6,500 $588,000 $189,000 $399,000
2018 $6,157 $560,000 $180,000 $380,000
2017 $5,746 $549,363 $172,656 $376,707
2016 $5,670 $508,670 $159,867 $348,803
2015 $5,298 $484,449 $152,255 $332,194
2014 $5,029 $474,950 $149,270 $325,680
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel Daboski

    Titan Commercial

    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Member

    Non-MLS Office

See All Agents

Map

Source: MetroList

MLS Number: 221027096

MetroList

APN: 071-0265-007

California Sacramento County Folsom 95630

262 Montrose Dr, Folsom, CA

Not Listed for Sale

MultiFamily

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