NOT LISTED FOR SALE

Estimated Value: $525,000 - $691,000

4 Beds
4 Baths
2,220 Sq Ft
$274/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2024

Last sale price $648,000 $292 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,001 / mo

366 Days on Market

Highlights

  • Beach Access
  • Across the Road from Lake or Ocean
  • Community Lake
  • Parking available for a boat
  • Lake View
  • Double Pane Windows

About This Home

As of July 2024

NEW CONSTRUCTION DUPLEX BY THE LAKE. Compelling investment opportunity that is fully rented to quality tenants and showing 8.5% gross return or 6.49% cap rate after expenses, with zero forseeable maintenance for a good long while. Ideal spot with lake views and easy lake access is on offer beside the Lupoyoma Lakeside community park with floating dock access. No expense has been spared in this luxury rebuild, from the ground up, with uncompromising high-end quality, innovative design finishes and new everything. Here you can meet the serenity of nature on the water's edge but with easy walking access to Main St restaurants, coffee, and shopping, or take a stroll along the lakefront park. Wrap around decking on three sides for both units with a large private courtyard garden for the main unit, allows for expanded tranquil indoor/outdoor living and enjoying the lake views. Attention to detail is evident throughout the entire property, from the upgraded 2x6 walls and new insulation to the new wiring and plumbing. In addition, the interior walls are also insulated to ensure privacy and a soundproof environment. Also, possible as a home and income with B&B as a possibility for both units or as an extended family residence. Approaching the home, you are greeted by a beautifully stamped and stained concrete driveway leading to the Dutch barn doors of a 300 SF multi-use room, in each unit perfect for a third bedroom or additional living space. The home has luxury vinyl flooring, butcher block counter tops, high-end cabinetry, master bedroom access to the private rear deck and more. Inside, you enjoy complete climate control, thanks to the 4-ton Mitsubishi split untold with a total of 8 registers throughout the complex. This property has been rebuilt to the most exact standards putting off the need for maintenance or upgrading into the distant future. See if they meet or exceed your standards.

Last Agent to Sell the Property

Timothy Toye

Timothy Toye and Associates Brokerage Phone: 707-928-6900 License #01182874 Listed on: 06/19/2023

Last Buyer's Agent

Timothy Toye

Timothy Toye and Associates Brokerage Phone: 707-928-6900 License #01182874 Listed on: 06/19/2023

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Fence is in excellent condition
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Parking available for a boat

Home Design

  • Duplex
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,220 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Blinds
  • Vinyl Flooring
  • Lake Views
  • Laundry in unit

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available

Additional Features

  • Beach Access
  • Across the Road from Lake or Ocean

Listing and Financial Details

  • Assessor Parcel Number 02558113
  • $2,417 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Community Lake

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Water Sports

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Water Meters
  • Insurance Expense $5,040
  • Water Sewer Expense $1,800
  • New Taxes Expense $3,363
  • Operating Expense $10,203
  • Gross Income $55,200
  • Net Operating Income $44,997

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

6,534 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 6.49
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 02558113
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 291.89
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Lake
  • Fence: Yes
  • Fencing: Excellent Condition, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Boat
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range
  • Heating Type: Ductless, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Dog Park, Lake, Park, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500
  • Latitude Manual: 39.03461400

Multi Family

  • Gross Income: 55200.00
  • Gross Multiplier: 0.07
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 5040.00
  • Lot Size Area: 0.1500 Acres
  • Net Operating Income: 44997.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 10203.00
  • Rent Control: No
  • Total Expenses: 10203.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access

Tax Info

  • New Taxes Expense: 3363.00
  • TaxOtherAnnualAssessmentAmount: 2417.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jul 2, 2024
Sold by
Bought by
Seller's Agent
Timothy Toye
Timothy Toye and Associates
Buyer's Agent
Timothy Toye
Timothy Toye and Associates
List Price
$639,000
Sold Price
$648,000
Premium/Discount to List
$9,000
1.41%
Views
98
Current Estimated Value
$608,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,273
Avg. Annual Appreciation
-3.02%

Purchase Details

Listed on
Jul 29, 2021
Closed on
Jan 3, 2022
Sold by
Bought by
Seller's Agent
Kaelen James
Timothy Toye and Associates
Buyer's Agent
Timothy Toye
Timothy Toye and Associates
List Price
$310,000
Sold Price
$250,000
Premium/Discount to List
-$60,000
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.93%
Original Mortgage
$200,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2017
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lakeport, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$648,000 Fidelity National Title Compan
$250,000 Fidelity National Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2024 07/19/24 Sold $648,000 0.0% $292 / Sq Ft
07/19/2024 07/19/24 Sold $648,000 -0.2% $245 / Sq Ft View Prior Sale
05/29/2024 05/29/24 Price Changed $649,000 0.0% $292 / Sq Ft
05/29/2024 05/29/24 Price Changed $649,000 +1.6% $246 / Sq Ft
05/29/2024 05/29/24 For Sale $639,000 0.0% $288 / Sq Ft
05/29/2024 05/29/24 For Sale $639,000 -1.4% $242 / Sq Ft
03/01/2024 03/01/24 Off Market $648,000 -- --
02/29/2024 02/29/24 Off Market $648,000 -- --
02/13/2024 02/13/24 Price Changed $639,000 -3.0% $288 / Sq Ft
02/13/2024 02/13/24 For Sale $659,000 +3.1% $297 / Sq Ft
01/17/2024 01/17/24 Price Changed $639,000 -1.4% $242 / Sq Ft
01/01/2024 01/01/24 Off Market $648,000 -- --
11/29/2023 11/29/23 Price Changed $659,000 0.0% $297 / Sq Ft
10/30/2023 10/30/23 Price Changed $659,000 -5.2% $250 / Sq Ft
06/19/2023 06/19/23 For Sale $695,000 0.0% $313 / Sq Ft
05/26/2023 05/26/23 For Sale $695,000 +178.0% $263 / Sq Ft
01/11/2022 01/11/22 Sold $250,000 -19.4% $134 / Sq Ft View Prior Sale
08/08/2021 08/08/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $310,000 0.0% $166 / Sq Ft
01/06/2016 01/06/16 Rented $825 0.0% --
12/28/2015 12/28/15 Price Changed $825 -5.7% $1 / Sq Ft
12/17/2015 12/17/15 For Rent $875 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,789 $648,000 $70,000 $578,000
2024 $3,426 $260,100 $36,414 $223,686
2023 $3,363 $255,000 $35,700 $219,300
2022 $2,417 $171,201 $51,696 $119,505
2021 $2,394 $167,845 $50,683 $117,162
2020 $2,329 $166,125 $50,164 $115,961
2019 $2,320 $162,869 $49,181 $113,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC23092043

California Regional Multiple Listing Service (CRMLS)

APN: 025-581-130-000

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