NOT LISTED FOR SALE
8 Beds
4 Baths
3,328 Sq Ft
9,618 Sq Ft Lot

Sale Details

Date Sold: January 22, 2021

Last sale price $1,475,000 $443 Per Sq Ft

207 Days on Market

About This Home

As of January 2021

"MASSIVE PRICE REDUCTION!! 4 plex with many long term tenants. This building has been well maintained and is in excellent condition. All units have double pane windows, copper pipes, new sub panels, refrigerators, microwave, ceiling fans and the roof was sealed in 2019. This building shares a playground and parking with the adjacent building which is also available . NOTE- Current buyer may be cancelling the contract- we are seeking back up offers- call to discuss.

Last Agent to Sell the Property

Lee Schmidt

Realty World- South County License #01363336 Listed on: 06/19/2020

Realty World- South County

Last Buyer's Agent

Lee Schmidt

Realty World- South County License #01363336 Listed on: 06/19/2020

Realty World- South County
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 9,618 Sq Ft Lot

Home Design

  • Quadruplex
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Monitored

Kitchen

  • Electric Cooktop
  • Microwave
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Parking

  • 5 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $94,080

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,680
  • Insurance Expense $1,611
  • Maintenance Expense $3,000
  • Other Expense $570
  • Utility Expense $6,228
  • Trash Expense $1,920
  • Operating Expense $21,159
  • Gross Income $95,880

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

9,618 Sq Ft Lot

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Microwave, Refrigerator
  • Living Sq Ft: 3328
  • Stories: 2
  • Security: Video / Audio System
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Rolled Composition

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Common Parking Area
  • Carport Min: 3

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.2208
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9618.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9618.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.17
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1611
  • Expense Landscape: 1680
  • Expense Maintenance: 3000
  • Expenses Other: 570
  • Expenses Total: 21159
  • Expenses Utility: 6228
  • Expense Trash: 1920
  • Income Annual Gross: 95880.00
  • Income Annual Rental: 94080
  • Income Gross Scheduled: 95880
  • Income Includes: Laundry, Rents
  • Income Other: 1800
  • Meters: Separate Common Area
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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, 2020
Closed on
Jan 16, 2021
Sold by
Bought by
Seller's Agent
Lee Schmidt
Realty World- South County
Buyer's Agent
Lee Schmidt
Realty World- South County
List Price
$1,549,999
Sold Price
$1,475,000
Premium/Discount to List
-$74,999
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,032,500
Outstanding Balance
$901,587
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2020
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,475,000 Chicago Title Company
-- Chicago Title Company
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
Open $1,032,500
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
01/22/2021 01/22/21 Sold $1,475,000 -4.8% $443 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $1,549,999 0.0% $466 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
10/18/2020 10/18/20 Price Changed $1,549,999 -3.1% $466 / Sq Ft
07/23/2020 07/23/20 Price Changed $1,599,999 -5.9% $481 / Sq Ft
06/19/2020 06/19/20 For Sale $1,700,000 -- $511 / Sq Ft
Source: MLSListings

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
2026 $22,596 $1,628,517 $1,104,080 $524,437
2025 $22,032 $1,596,586 $1,082,432 $514,154
2024 $22,032 $1,565,281 $1,061,208 $504,073
2023 $21,786 $1,534,590 $1,040,400 $494,190
2022 $21,322 $1,504,500 $1,020,000 $484,500
2021 $6,328 $334,933 $133,966 $200,967
2020 $6,170 $331,500 $132,593 $198,907
2019 $5,946 $325,001 $129,994 $195,007
2018 $5,924 $318,630 $127,446 $191,184
2017 $5,839 $312,384 $124,948 $187,436
2016 $5,545 $306,260 $122,499 $183,761
2015 $5,403 $301,660 $120,659 $181,001
2014 $5,175 $295,752 $118,296 $177,456
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81797401

MLSListings

APN: 497-25-001

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