NOT LISTED FOR SALE

Estimated Value: $1,130,000 - $1,431,000

7 Beds
19 Baths
3,554 Sq Ft
$367/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $1,345,000 $378 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,974/month

8 Days on Market

Highlights

  • 0.39 Acre Lot
  • Contemporary Architecture
  • Secluded Lot
  • Strawberry Elementary School Rated A-
  • Meadow
  • 2 Car Attached Garage

About This Home

As of September 2023

Welcome to this exceptional investment opportunity located in the heart of Bennett Valley. This cash-flowing 4-unit property is ready to elevate your portfolio! This remarkable property comprises of a 4-unit building featuring two 2 bedrooms and 1.5 bathroom units, one 2 bedroom/1 bath unit and finally one private 1 bedroom with 2 full bath unit. There are two 1 car garages with additional ample covered parking as well. A laundry unit is shared with all units while the property backs to a wonderful, private setting nestled next to Manzanitas Creek. Situated in a prime location, this property offers convenience at its finest situated very close to Annadel State Park, Haworth Park, Bennett Valley Golf Course, schools, shopping and more. Don't miss seeing this great investment property with long term tenants!

Last Agent to Sell the Property

Jonny Sanchez

Coldwell Banker Realty License #01430618 Listed on: 08/26/2023

Coldwell Banker Realty

Co-Listed By

Donna Skidmore

Keller Williams Realty License #02206183

Last Buyer's Agent

Joseph McNeany

Bertolone Realty License #01358116

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Lot Details

  • 0.39 Acre Lot
  • Secluded Lot
  • Meadow
  • Garden

Parking

  • 2 Car Attached Garage
  • 4 Carport Spaces
  • On-Street Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 7 Bedrooms
  • 3,554 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Free-Standing Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • No Cooling
  • Central Heating
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $82,860

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 147-091-026-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

0.39 Acres

Parking

2

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions To Property: Yulupa Ave. to Bethards Dr. to Tachevah Dr.
  • Lot Size Acres: 0.3916
  • Stories: 2
  • CapRate: 4.80
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater, See Remarks
  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 378.45
  • Square Footage: 3554.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Slab
  • Lot Features: Garden, Meadow East, Secluded
  • Roof: Composition
  • View: Other

Garage/Parking

  • Parking Features: Attached, Carport, Covered, Garage, Street
  • Total Parking Spaces: 6.00
  • Carport Spaces: 4.00
  • Covered Parking Spaces: 4.00
  • Garage Spaces: 2.00
  • Independent Parking Spaces: 4

Utilities

  • Cooling: None
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Extinguisher, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: In Common Area, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas, Water, See Remarks

Lot Info

  • Assessor Parcel Number: 147-091-026-000
  • Lot Size Sq Ft: 17058.00

Rental Info

  • TenantPays: Electricity, Gas, Sewer, Water

Building Info

  • Year Built: 1995

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: $2000 - $2200
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: $2000 - $2200
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: $2000 - $2200
  • Four Bedroom Annual Occupancy: 100
  • Four Bedroom Rent Range: $1800 - $2000
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 2
  • Number Of3 Bedrooms Occupied: 2
  • Number of 3 Bedroom Units: 2
  • Number Of4 Bedrooms Occupied: 1
  • Number Of4 Bedroom Units: 1
  • NumberOfUnitsTotal: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2023
Closed on
Sep 27, 2023
Sold by
Degner Family Trust and Degner Stewart
Bought by
Schaffer Dustin and Schaffer April C
Seller's Agent
Jonny Sanchez
Coldwell Banker Realty
Buyer's Agent
Joseph McNeany
Bertolone Realty
List Price
$1,350,000
Sold Price
$1,345,000
Premium/Discount to List
-$5,000
-0.37%
Views
7
Current Estimated Value
$1,302,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,957
Avg. Annual Appreciation
-1.27%
Original Mortgage
$767,000
Outstanding Balance
$749,698
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$553,869

Purchase Details

Closed on
Feb 27, 2004
Sold by
Degner Stewart and Degner Mary
Bought by
Degner Stewart and Degner Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,850
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2004
Sold by
Jimenez Steven M and Jimenez Sharon T
Bought by
Degner Stewart and Degner Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,850
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 1998
Sold by
Jimenez Steven Michael
Bought by
Jimenez Steven M and Jimenez Sharon T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
6.95%

Purchase Details

Closed on
Jul 23, 1995
Sold by
Brown Susan and Brown Andrew
Bought by
Jimenez Steven Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
7.62%

Purchase Details

Closed on
Jul 7, 1995
Sold by
Jimenez Sharon
Bought by
Jimenez Steven M and Jimenez Steven Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schaffer Dustin $1,345,000 Old Republic Title Company
Degner Stewart -- --
Degner Stewart $769,000 New Century Title Co
Jimenez Steven M -- Fidelity National Title Co
Jimenez Steven Michael $399,000 Fidelity National Title
Jimenez Steven M -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaffer Dustin $767,000
Previous Owner Degner Stewart $445,850
Previous Owner Jimenez Steven M $218,000
Previous Owner Jimenez Steven Michael $218,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $1,345,000 -0.4% $378 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
08/26/2023 08/26/23 For Sale $1,350,000 -- $380 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $15,278 $1,372,571 $367,200 $1,005,371
2024 $15,278 $1,345,650 $360,000 $985,650
2023 $15,278 $1,051,579 $355,304 $696,275
2022 $11,516 $1,030,935 $348,338 $682,597
2021 $11,336 $1,014,084 $341,508 $672,576
2020 $11,296 $1,003,728 $338,007 $665,721
2019 $11,376 $984,127 $331,380 $652,747
2018 $10,648 $909,000 $306,000 $603,000
2017 $9,621 $823,000 $277,000 $546,000
2016 $8,187 $691,000 $232,000 $459,000
2015 $7,027 $602,000 $202,000 $400,000
2014 $6,897 $602,000 $202,000 $400,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323900518

Bay Area Real Estate Information Services (BAREIS)

APN: 147-091-026

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