NOT LISTED FOR SALE

306 E St Lincoln, CA 95648

Estimated Value: $258,000 - $578,000

4 Beds
3 Baths
2,030 Sq Ft
$220/Sq Ft Est. Value

Last Sold December 01, 2015

Last sale price $303,500 $150 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,644/month

4 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • 1-Story Property

About This Home

As of December 2015

Rare Lincoln opportunity for investors, or owner occupants wanting rental income to offset their mortgage! These well maintained homes are conveniently located near the city park, and downtown shopping. The main house has a roof that is only two years old, new carpet & paint, ceiling fans in all rooms, energy saving window panes, covered parking, and storage shed. The secondary house has a 2 year old roof, new stucco, dual pane windows, new doors, ally access, and a garden area.

Last Agent to Sell the Property

Andy Chandler

Chandler Realty License #01424213 Listed on: 10/16/2015

Last Buyer's Agent

Kortney Williams

Realty ONE Group Complete License #01476257

Realty ONE Group Complete

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 6,774

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Fire and Smoke Detector

Parking

  • 1 Open Parking Space
  • Carport

Additional Features

  • 6,774 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity sewer trash collection water
  • Assessor Parcel Number 008-181-018-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1918
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Frame,Vinyl Siding,Wood
  • Disclosures/Documents: Rental/Lease Agmts,See Remarks
  • Listing Price: 298000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 1
  • Covered Parking Spaces: 2
  • Parking Features: Carport

Utilities

  • Security: Smoke Detector
  • Cooling: Ceiling Fan(s),Wall Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Extra Storage,Yard Space
  • Association: No

Schools

  • Senior High School District: Western Placer

Lot Info

  • Zoning Description: Res
  • Lot Size Acres: 0.1555
  • Lot Size Sq Ft: 6774

Rental Info

  • Tenant Pays: Electricity,Sewer,Trash Collection,Water
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 1
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 008-181-018-000

MLS Schools

  • School District (County): Placer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2021
Sold by
Faber Theodore
Bought by
Faber Kim Burns
Current Estimated Value
$446,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$317,779
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$128,476

Purchase Details

Closed on
Mar 11, 2020
Sold by
Burns Katherine Elizabeth and Faber Kim Burns
Bought by
Burns Katherine Elizabeth and Faber Kim Burns

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,651
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2015
Closed on
Nov 24, 2015
Sold by
Burns Delmar L and Burns Katherine E
Bought by
Burns Delmar Lee and Burns Katherine Elizabeth
Seller's Agent
Andy Chandler
Chandler Realty
Buyer's Agent
Kortney Williams
Realty ONE Group Complete
List Price
$298,000
Sold Price
$303,500
Premium/Discount to List
$5,500
1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%

Purchase Details

Closed on
Jan 1, 2015
Sold by
Hitch Loretta L
Bought by
Burns Delmar L and Burns Katherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,025
Interest Rate
3.76%
Mortgage Type
VA

Purchase Details

Closed on
Jan 24, 2012
Sold by
Hitch Loretta L
Bought by
Hitch Loretta L

Purchase Details

Closed on
May 14, 2009
Sold by
Hitch Rick H and Hitch Loretta L
Bought by
Hitch Rick H and Hitch Loretta L

Purchase Details

Closed on
Apr 15, 1996
Sold by
Montero Michael A
Bought by
Hitch Rick H and Hitch Loretta L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Faber Kim Burns -- Fidelity National Title
Burns Katherine Elizabeth -- Fidelity Natl Ttl Co Of Ca
Burns Delmar Lee -- None Available
Burns Delmar L $303,500 Placer Title Company
Hitch Loretta L -- None Available
Hitch Rick H -- None Available
Hitch Rick H $95,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faber Kim Burns $350,000
Previous Owner Burns Katherine Elizabeth $292,651
Previous Owner Burns Delmar L $310,025
Previous Owner Hitch Rick H $71,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2015 12/01/15 Sold $303,500 +1.8% $150 / Sq Ft
10/20/2015 10/20/15 Pending -- -- --
10/16/2015 10/16/15 For Sale $298,000 -- $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 $3,730 $359,273 $76,943 $282,330
2023 $3,730 $345,324 $73,956 $271,368
2022 $3,626 $338,554 $72,506 $266,048
2021 $3,556 $331,917 $71,085 $260,832
2020 $3,537 $328,515 $70,357 $258,158
2019 $3,445 $322,075 $68,978 $253,097
2018 $3,361 $315,761 $67,626 $248,135
2017 $3,254 $309,570 $66,300 $243,270
2016 $3,176 $303,500 $65,000 $238,500
2015 $1,378 $131,297 $48,371 $82,926
2014 $1,342 $128,726 $47,424 $81,302
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 15067715

MetroList

APN: 008-181-018