NOT LISTED FOR SALE

303 E Elm St Lodi, CA 95240

Downtown Lodi Neighborhood

Estimated Value: $414,000 - $506,000

5 Beds
4 Baths
2,250 Sq Ft
$208/Sq Ft Est. Value

Last Sold January 08, 2018

Last sale price $300,000 $133 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,766/month

105 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • 1-minute walk to Hale Park
  • No HOA
  • Patio

About This Home

As of January 2018

Great investment property!!! Downtown Lodi, features 4 units, one 2 bed 1 bath, three 1 bed 1 bath, all units fully rented.long time tenants. Rents are well below market. Close to downtown and many other amenities.

Last Agent to Sell the Property

Nisar Khan

Reliance Real Estate, Inc License #01776156 Listed on: 08/18/2017

Reliance Real Estate, Inc

Co-Listed By

Khaksar Ahmad

Reliance Real Estate, Inc License #01346306

Last Buyer's Agent

Matt Irvin

Exp Realty of California Inc. License #01146115

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,744

Year Built

  • Built in 1910

Lot Details

  • 5,950

Parking

  • 1 Parking Space Included

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Additional Features

  • Patio
  • 5,950 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity grounds care sewer water
  • Assessor Parcel Number 043-088-21

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Units Leased Month-To-Month
  • Insurance Expense $1,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,744

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1910
  • Architectural Style: Contemporary
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Gas Range,Microwave
  • Other Equipment: None
  • Flooring: Laminate,Tile,Wood,Linoleum/Vinyl
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 329900.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Street,1 Space Per Unit

Utilities

  • Cooling: Ceiling Fan(s),Window Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Patios/Balcony
  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning Description: R1
  • Lot Size Acres: 0.1366
  • Lot Size Sq Ft: 5950

Rental Info

  • Tenant Pays: Electricity,Grounds Care,Sewer,Water

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1475
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 043-088-21

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2017
Closed on
Dec 19, 2017
Sold by
Bilal Muhammad
Bought by
National Property Law Gorup Llc
Seller's Agent
Nisar Khan
Reliance Real Estate, Inc
Buyer's Agent
Matt Irvin
Exp Realty of California Inc.
List Price
$329,900
Sold Price
$300,000
Premium/Discount to List
-$29,900
-9.06%
Current Estimated Value
$467,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,896
Avg. Annual Appreciation
5.86%

Purchase Details

Closed on
May 19, 2009
Sold by
Deutsche Bank National Trust
Bought by
Bilal Muhammad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
5.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2009
Sold by
Khan Ravez
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 30, 1998
Sold by
Khan Leanna K
Bought by
Khan Ravez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.54%

Purchase Details

Closed on
May 31, 1994
Sold by
Parvez Mohammad and Parvez Bilquees
Bought by
Khan Ravez
Source: Public Records

Range of Values:

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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
National Property Law Gorup Llc $300,000 Old Republic Title Company C
Bilal Muhammad $185,000 First American Title Company
Deutsche Bank National Trust Company $178,500 None Available
Khan Ravez -- First American Title Co
Khan Ravez -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bilal Muhammad $138,750
Previous Owner Khan Ravez $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2018 01/08/18 Sold $300,000 -9.1% $133 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $329,900 -- $147 / 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 $3,744 $341,343 $116,056 $225,287
2024 $3,642 $334,651 $113,781 $220,870
2023 $3,594 $328,090 $111,550 $216,540
2022 $3,514 $321,658 $109,363 $212,295
2021 $3,577 $315,352 $107,219 $208,133
2020 $3,485 $312,119 $106,120 $205,999
2019 $3,415 $306,000 $104,040 $201,960
2018 $2,370 $209,867 $34,032 $175,835
2017 $2,318 $205,753 $33,365 $172,388
2016 $2,174 $201,720 $32,711 $169,009
2014 $2,115 $194,801 $31,589 $163,212
Source: Public Records

Agents Affiliated with this Home

  • Nisar Khan

    Seller's Agent in 2018

    Nisar Khan

    Reliance Real Estate, Inc

    (209) 351-4071

    1 in this area

    53 Total Sales

    Nisar Khan
    Section Image
  • Khaksar Ahmad

    Seller Co-Listing Agent in 2018

    Khaksar Ahmad

    Reliance Real Estate, Inc

    (209) 993-3679

    39 Total Sales

    Khaksar Ahmad
    Section Image

  • M

    Buyer's Agent in 2018

    Matt Irvin

    Exp Realty of California Inc.

See All Agents

Map

Source: MetroList

MLS Number: 17053533

MetroList

APN: 043-088-21

California San Joaquin County Lodi 95240 Downtown Lodi

303 E Elm St, Lodi, CA

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