NOT LISTED FOR SALE

27 Springpoint Rd Castroville, CA 95012

Estimated Value: $820,017 - $930,000

5 Beds
4 Baths
2,489 Sq Ft
$348/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2016

Last sale price $550,000 $221 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,119 / mo

10 Days on Market

Highlights

  • 1 Acre Lot
  • Level Lot
  • Heating Available
  • Mountain View
  • Carpet
  • Cabin

About This Home

As of May 2016

4 UNITS PLUS MOBILE SPACE THAT IS RENTED MONTHLY. ROOM FOR HORSES OR ANIMALS. MONTHLY INCOME OF $4300 MONTH. APPROX 3 ACRES. UNITS NOT MEASURED BY L/A - BUYER TO VERIFY LOT SIZE AND RENTAL SQFT. PRELIM/MAP AVAILABLE. OWNER WILLING TO FINANCE WITH LARGE DOWN & APPROVAL

Last Agent to Sell the Property

Donna Ingraham

Century 21 A Property Shoppe License #00498014 Listed on: 03/28/2016

Century 21 A Property Shoppe

Last Buyer's Agent

Wil Gratz

Homesmart Legends License #01079467

Property Details

Home Type

  • Multi-Family

Year Built

  • 1954

Lot Details

  • 1 Acre Lot
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Quadruplex
  • Cabin
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 2,489 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Horse Facilities and Amenities

  • Horses Potentially Allowed on Property

Utilities

  • Heating Available
  • Separate Meters
  • Well
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $51,600

Community Details

Overview

  • 2,489 Sq Ft Building

Building Details

  • 4 Leased Units
  • Operating Expense $921
  • Gross Income $51,600

Property Details

Home Type

Multi-Family

Year Built

1954

Lot Details

1 Acres

Parking

1

Listing Details

  • Zoning: res
  • Subclass: Fourplex
  • Style: Cabin
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2489
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Kitchen: Countertop - Formica, Oven Range - Electric
  • Living Sq Ft: 2489
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Roof: Composition, Tar And Gravel
  • View: Mountains
  • Horse Property: Possible
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 10
  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Septic Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 1.0000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 43560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 43560.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.58
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expenses Total: 921
  • Income Annual Gross: 51600.00
  • Income Annual Rental: 51600
  • Income Gross Scheduled: 51600
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 4
  • Operating Expenses Include: Depreciation, Fee - Property Management, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2016
Closed on
May 17, 2016
Sold by
Revoca Rheingans Dick Fredrick
Bought by
Martinez Cortes Armando and Cervantes Martinez Reynalda
Seller's Agent
Donna Ingraham
Century 21 A Property Shoppe
Buyer's Agent
Donna Ingraham
Century 21 A Property Shoppe
List Price
$649,000
Sold Price
$550,000
Premium/Discount to List
-$99,000
-15.25%
Current Estimated Value
$850,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,038
Avg. Annual Appreciation
4.69%
Original Mortgage
$430,000
Outstanding Balance
$341,527
Interest Rate
3.59%
Mortgage Type
Seller Take Back
Estimated Equity
$523,977

Purchase Details

Listed on
Mar 28, 2016
Closed on
Mar 25, 2016
Sold by
Rheingans Dick F
Bought by
Revoca Rheingans Dick Fredrick
Seller's Agent
Donna Ingraham
Century 21 A Property Shoppe
Buyer's Agent
Donna Ingraham
Century 21 A Property Shoppe
List Price
$649,000
Sold Price
$550,000
Premium/Discount to List
-$99,000
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Outstanding Balance
$341,527
Interest Rate
3.59%
Mortgage Type
Seller Take Back
Estimated Equity
$523,977

Purchase Details

Closed on
Sep 17, 1999
Sold by
Rheingans Marian P
Bought by
Rheingans Dick F

Purchase Details

Closed on
May 21, 1998
Sold by
Rheingans Anna A and Rheingans Dick F
Bought by
Rheingans Dick F
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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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
Martinez Cortes Armando $550,000 Old Republic Title Company
Revoca Rheingans Dick Fredrick -- None Available
Rheingans Dick F -- --
Rheingans Dick F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Cortes Armando $430,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2016 05/23/16 Sold $550,000 -15.3% $221 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $649,000 -- $261 / Sq Ft
Source: MLSListings

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 $6,974 $651,083 $295,947 $355,136
2024 $6,974 $638,318 $290,145 $348,173
2023 $6,844 $625,803 $284,456 $341,347
2022 $6,791 $613,533 $278,879 $334,654
2021 $6,533 $601,504 $273,411 $328,093
2020 $6,549 $595,337 $270,608 $324,729
2019 $6,397 $583,664 $265,302 $318,362
2018 $6,279 $572,220 $260,100 $312,120
2017 $5,932 $561,000 $255,000 $306,000
2016 $957 $80,337 $41,181 $39,156
2015 $921 $79,131 $40,563 $38,568
2014 $906 $77,582 $39,769 $37,813
Source: Public Records

Agents Affiliated with this Home

  • Donna Ingraham

    Seller's Agent in 2016

    Donna Ingraham

    Century 21 A Property Shoppe

    (831) 320-2879

    13 in this area

    96 Total Sales

    Donna Ingraham
    Section Image

  • W

    Buyer's Agent in 2016

    Wil Gratz

    Homesmart Legends

See All Agents

Map

Source: MLSListings

MLS Number: ML81577198

MLSListings

APN: 131-073-016-000

California Monterey County Castroville 95012

27 Springpoint Rd, Castroville, CA

Not Listed for Sale

MultiFamily

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