NOT LISTED FOR SALE

263 Berkeley Ct Colton, CA 92324

Estimated Value: $920,488 - $1,063,000

8 Beds
4 Baths
3,744 Sq Ft
$263/Sq Ft Est. Value

Last Sold August 28, 2018

Last sale price $542,000 $145 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,113/month

49 Days on Market

About This Home

As of August 2018

Attractive 4 Unit Building in Colton near Riverside City Limits offers New Exterior Paint, Newer asphalt and parking striping, Most Units have newer dual pane energy efficient windows installed, some units have recent upgrades such as new cabinets. Each unit has 2 Bedrooms and 1 Full Bathroom, and all units have very long term tenants and the rents are below market due to good long term tenants.

Last Listed By

Kurt Tiedt

Kurt W. Tiedt License #01167589 Listed on: 05/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,208

Year Built

  • Built in 1964

Lot Details

  • 10,500 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac

Parking

  • 4 Car Garage

Home Design

  • 3,744 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 6152
  • Assessor Parcel Number 1167101340000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Insurance Expense $1,500
  • Trash Expense $1,800
  • Water Sewer Expense $2,000
  • New Taxes Expense $6,100
  • Operating Expense $12,200
  • Gross Income $39,168
  • Net Operating Income $26,968

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,208

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Parcel Number: 1167101340000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 144.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 10500.00

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 39168.00
  • Gross Scheduled Income: 39168.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 26968.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 12200.00
  • Rent Control: No
  • Total Actual Rent: 3264.00
  • Total Expenses: 12200.00

Tax Info

  • New Taxes Expense: 6100.00
  • Tax Census Tract: 40.04
  • Tax Lot: 7
  • Tax Tract Number: 6152

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2019
Sold by
Sureen Neeraj K and Sureen Shashi
Bought by
Sureen Neeraj K and Sureen Shashi
Total Days on Market
49
Current Estimated Value
$984,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Outstanding Balance
$364,135
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$551,638

Purchase Details

Listed on
May 29, 2018
Closed on
Jul 30, 2018
Sold by
Hippoze Bulk Investments Llc
Bought by
Sureen Neeraj K and Sureen Shashi
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Kurt Tiedt
Kurt W. Tiedt
List Price
$575,000
Sold Price
$542,000
Premium/Discount to List
-$33,000
-5.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$404,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2009
Sold by
Maldonado Laura
Bought by
Hippoze Bulk Investments Llc

Purchase Details

Closed on
Feb 25, 2003
Sold by
Maldonado John
Bought by
Maldonado Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.54%

Purchase Details

Closed on
Apr 26, 2002
Sold by
Alvarado Baldomero Felix
Bought by
Maldonado John and Maldonado Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,420
Interest Rate
6.71%

Purchase Details

Closed on
Mar 6, 2002
Sold by
Alvarado Baldomero Felix and Alvarado Maria Luz
Bought by
Alvarado Baldomero Felix

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,420
Interest Rate
6.71%

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
Sureen Neeraj K -- Lawyers Title La
Sureen Neeraj K $542,000 Fidelity National Title Co
Hippoze Bulk Investments Llc -- None Available
Maldonado Laura -- Fidelity National Title
Maldonado John $180,000 United Title Company
Alvarado Baldomero Felix -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sureen Neeraj K $404,000
Closed Sureen Neeraj K $404,500
Previous Owner Maldonado Laura $170,000
Previous Owner Maldonado John $138,420
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2018 08/28/18 Sold $542,000 -5.7% $145 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $575,000 -- $154 / 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
2024 $7,208 $592,755 $131,237 $461,518
2023 $7,228 $581,133 $128,664 $452,469
2022 $7,126 $569,738 $126,141 $443,597
2021 $7,272 $558,567 $123,668 $434,899
2020 $7,304 $552,840 $122,400 $430,440
2019 $7,105 $542,000 $120,000 $422,000
2018 $2,893 $217,301 $43,007 $174,294
2017 $2,793 $213,040 $42,164 $170,876
2016 $2,863 $208,862 $41,337 $167,525
2015 $2,773 $205,725 $40,716 $165,009
2014 $2,678 $201,695 $39,918 $161,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18126188

California Regional Multiple Listing Service (CRMLS)

APN: 1167-101-34