NOT LISTED FOR SALE

289 3rd St West Sacramento, CA 95605

Washington Neighborhood

Estimated Value: $1,852,952

4 Beds
3 Baths
2,250 Sq Ft
$824/Sq Ft Est. Value

Last Sold January 17, 2020

Last sale price $1,400,000 $622 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $11,685/month

171 Days on Market

Highlights

  • 0.09 Acre Lot
  • Contemporary Architecture
  • Central Heating
  • River City High Rated A-
  • Double Pane Windows

About This Home

As of January 2020

River's Side at Washington Square is a mixed use property consisting of 1,969 sq. ft of retail on the 1st floor and 4 apartment units on the second floor totaling 3,850 sq. ft. The building was constructed in 2007 and is 100% occupied. Identity Coffee currently occupies the retail space and is on a 5 year lease. Identity coffee leases 17 parking spots from the owner for additional income. The apartments consist of (2) 2 Bed 1 Bathroom units and (2) Studios. The units come equipped with central heat and air, covered parking, and upgrades throughout. There is on site laundry as well.

Last Agent to Sell the Property

Tim Swanston

North Coast Commercial, Inc. License #01887506 Listed on: 05/31/2019

North Coast Commercial, Inc.

Last Buyer's Agent

Valerie Chesini

Intero Showcase License #02078094

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,645

Year Built

  • Built in 2007

Lot Details

  • 3,920

HOA Fees

  • $72 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Flat Roof Shape

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Dishwasher

Parking

  • 17 Open Parking Spaces
  • 4 Covered Spaces

Additional Features

  • Accessible Elevator Installed
  • 3,920 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for rent only
  • Assessor Parcel Number 010-580-018-000

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • Net Operating Income $73,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,645

Year Built

Built in 2007

Lot Details

0

HOA Fees

$72 per month

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 2007
  • Accessibility Features: AccessibleElevatorInstalled
  • Architectural Style: Contemporary
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher
  • Flooring: Linoleum/Vinyl
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco,See Remarks
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 1650000.00
  • Roof: Flat

Garage/Parking

  • Open Parking Spaces: 17
  • Covered Parking Spaces: 4
  • Parking Features: 1+ Space Per Unit,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Varies By Unit
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Laundry Features: Washer/Dryer
  • Utilities Expenses: 3360

Condo/Co-op/Association

  • Association Features: Varies By Unit
  • Association Fee: 864
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Senior High School District: Washington Unified

Lot Info

  • Zoning Description: P-D
  • Lot Size Acres: 0.0900
  • Lot Size Sq Ft: 3920

Rental Info

  • Tenant Pays: Rent Only

Multi Family

  • Gross Income: 121248
  • Income Includes: Rent Only
  • Number of Leased Units: 5
  • Number of Units: 5
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 010-580-018-000
  • Current RE Taxes: 18645
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Yolo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2020
Sold by
Gallagher Jeffrey M and Gallagher Ondrea
Bought by
Cashel Rock Properties Llc
Current Estimated Value
$1,852,952

Purchase Details

Listed on
May 31, 2019
Closed on
Jan 15, 2020
Sold by
Gallagher Shelley
Bought by
Gallagher Dennis M
Seller's Agent
Tim Swanston
North Coast Commercial, Inc.
Buyer's Agent
Valerie Chesini
Intero Showcase
List Price
$1,650,000
Sold Price
$1,400,000
Premium/Discount to List
-$250,000
-15.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$950,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
May 31, 2019
Closed on
Jan 14, 2020
Sold by
Riverside Properties 2 Llc
Bought by
Gallagher Jeffrey M and Gallagher Ondrea
Seller's Agent
Tim Swanston
North Coast Commercial, Inc.
Buyer's Agent
Valerie Chesini
Intero Showcase
List Price
$1,650,000
Sold Price
$1,400,000
Premium/Discount to List
-$250,000
-15.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2016
Sold by
Buzz Pates Llc
Bought by
Riverside Properties 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2013
Sold by
Leonard John P and Leonard Jill
Bought by
Buzz Oates Llc

Purchase Details

Closed on
Aug 27, 2010
Sold by
Oates Marvin L and Marvin L Oates Trust
Bought by
Buzz Oates Llc

Purchase Details

Closed on
Nov 8, 2007
Sold by
Third & C Street Llc
Bought by
Oates Marvin L and The Marvin L Oates Trust
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
Cashel Rock Properties Llc -- None Available
Gallagher Dennis M -- Placer Title Company
Gallagher Jeffrey M $1,400,000 Placer Title Company
Riverside Properties 2 Llc $800,000 First American Title Co
Buzz Oates Llc -- Fidelity National Title Co
Buzz Oates Llc -- None Available
Oates Marvin L $800,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cashel Rock Properties Llc $553,000
Previous Owner Gallagher Jeffrey M $950,000
Previous Owner Riverside Properties 2 Llc $6,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2020 01/20/20 Off Market $1,400,000 -- --
01/17/2020 01/17/20 Sold $1,400,000 -15.2% $622 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $1,650,000 0.0% $733 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $1,650,000 -- $733 / Sq Ft
Source: MetroList

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 $17,602 $1,510,939 $153,109 $1,357,830
2023 $17,602 $1,452,268 $147,164 $1,305,104
2022 $11,149 $957,056 $111,550 $845,506
2021 $11,062 $938,291 $109,363 $828,928
2020 $10,530 $928,671 $108,242 $820,429
2019 $10,629 $910,463 $106,120 $804,343
2018 $10,197 $892,612 $104,040 $788,572
2017 $9,440 $816,000 $102,000 $714,000
2016 $8,177 $700,000 $70,000 $630,000
2015 $7,578 $650,000 $50,000 $600,000
2014 $7,347 $650,000 $50,000 $600,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Swanston

    Seller's Agent in 2020

    Tim Swanston

    North Coast Commercial, Inc.

    (916) 414-8647

    67 Total Sales

    Section Image

  • V

    Buyer's Agent in 2020

    Valerie Chesini

    Intero Showcase

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Map

Source: MetroList

MLS Number: 19037757

MetroList

APN: 010-580-018-000

California Yolo County West Sacramento 95605 Washington

289 3rd St, West Sacramento, CA

This home is located at 289 3rd St, West Sacramento, CA 95605 since 31 May 2019 and is currently estimated at $1,852,952, approximately $823 per square foot. This property was built in 2007. 289 3rd St is a home located in Yolo County with nearby schools including Elkhorn Village Elementary, River City High, and Salida Montessori Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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