NOT LISTED FOR SALE

2741 Lakeshore Blvd Lakeport, CA 95453

Estimated Value: $620,000 - $3,037,000

17 Beds
3 Baths
7,874 Sq Ft
$192/Sq Ft Est. Value

Last Sold February 11, 2014

Last sale price $305,000 $39 Per Sq Ft

Est. 396% increase in value since last sale

Current estimated payment $8,421/month

182 Days on Market

Highlights

  • Lake View
  • Accessible Doors
  • Central Heating and Cooling System
  • Clear Lake High School Rated A-
  • Guest Parking
  • 1 Car Garage

About This Home

As of February 2014

Income property, real estate owned, Hillcrest apartments, 9 units, 7 have 2 bedrooms, 1 studio and one 3 bedroom. Single car garage plus carport, assigned parking, guest parking, across from lake, close to schools, hospital and shopping

Last Agent to Sell the Property

Janice Maschek

Shore Line Realty Inc License #00882085 Listed on: 08/12/2013

Co-Listed By

Rachelle Damiata

Inactive Office License #01275742

Last Buyer's Agent

Rachelle Damiata

Inactive Office License #01275742

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,164

Year Built

  • Built in 1977

Lot Details

  • 0.55

Parking

  • 1 Car Garage
  • 16 Open Parking Spaces
  • 8 Carport Spaces
  • Guest Parking

Property Views

  • Lake
  • Mountain

Home Design

  • Concrete Foundation
  • Composition Roof

Interior Spaces

  • 7,874 Sq Ft Home
  • Carpet
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Cable TV Available

Additional Features

  • Accessible Doors
  • 0.55 Acre Lot

Community Details

  • 9 Units
  • Laundry Facilities
  • Gross Income $83,580

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 028-151-15

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,164

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: On Lakeshore Drive close to Katie Court
  • Lot Size Acres: 0.5500
  • CapRate: 9.00
  • Signs: Yes
  • Actual or Scheduled: Scheduled
  • Special Features: 20
  • Stories: 0

Interior Features

  • Accessibility Features: Accessible Doors
  • Flooring: Carpet, LVYN
  • Price Per Square Foot: 38.74
  • Square Footage: 7874
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Lake, Mountains

Garage/Parking

  • Parking Features: Carport, Covered, Garage, Guest Parking Available, Uncovered
  • Carport Spaces: 8
  • Garage Spaces: 1
  • Number Of Guest Spaces: 8
  • OpenParkingSpaces: 16

Utilities

  • Cooling: Central, Wall Unit(s)
  • Security Features: Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Available, All Electric, PGEE
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Hookups
  • Separate Meters: Electricity

Association/Amenities

  • Association Features: None

Lot Info

  • Assessor Parcel Number: 028-151-15
  • Lot Size Sq Ft: 23958

Rental Info

  • TenantPays: Electricity

Building Info

  • Year Built: 1977

Multi Family

  • Two Bedroom Annual Occupancy: 60
  • Two Bedroom Rent Range: $725-$795
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: $1095-$1200
  • Number Of2 Bedrooms Occupied: 4
  • Number of 2 Bedroom Units: 7
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • Number of Studio Units: 1
  • NumberOfUnitsTotal: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2013
Closed on
Feb 3, 2014
Sold by
Sterling Savings Bank
Bought by
Singh Rakesh and Sen Sreelekha
Seller's Agent
Janice Maschek
Shore Line Realty Inc
Buyer's Agent
Rachelle Damiata
Inactive Office
List Price
$305,000
Sold Price
$305,000
Current Estimated Value
$1,511,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,206,667
Avg. Annual Appreciation
14.66%

Purchase Details

Closed on
Jul 24, 2013
Sold by
Cuadros Juan A and Castellanos Guillermina
Bought by
Sterling Savings Bank

Purchase Details

Closed on
Mar 27, 2006
Sold by
France Arnold W and France Sandra L
Bought by
Cuadros Juan A and Castellanos Guillermina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Singh Rakesh $305,000 First American Title Company
Sterling Savings Bank $450,000 Accommodation
Cuadros Juan A $795,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuadros Juan A $518,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2014 02/11/14 Sold $305,000 0.0% $39 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
08/12/2013 08/12/13 For Sale $305,000 -- $39 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $5,164 $373,875 $91,934 $281,941
2024 $5,035 $366,545 $90,132 $276,413
2023 $4,931 $359,359 $88,365 $270,994
2022 $4,828 $352,314 $86,633 $265,681
2021 $4,776 $345,407 $84,935 $260,472
2020 $4,643 $341,867 $84,065 $257,802
2019 $4,625 $335,165 $82,417 $252,748
2018 $3,780 $328,594 $80,801 $247,793
2017 $3,763 $322,152 $79,217 $242,935
2016 $3,687 $315,836 $77,664 $238,172
2015 $3,644 $311,093 $76,498 $234,595
2014 $7,931 $600,000 $165,000 $435,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21318504

Bay Area Real Estate Information Services (BAREIS)

APN: 028-151-150-000