NOT LISTED FOR SALE

3161 Inland Empire Blvd Ontario, CA 91764

Estimated Value: $1,479,000 - $1,612,545

10 Beds
8 Baths
3,886 Sq Ft
$403/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $957,500 $246 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $9,480/month

29 Days on Market

About This Home

As of March 2018

LOCATION! LOCATION! LOCATION! GREAT AREA IN CITY OF ONTARIO, FEW FOURPLEX AROUND IN NICE COMMUNITY.
THIS FOURPLEX CONTAINED: 2 UNITS: 2 BEDROOMS 2 FULL BATHS. 2 UNITS: 3 BEDROOMS 1.5 BATHS. EACH UNIT HAS TWO CARS GARAGE ATTACHED WITH ROLL UP DOOR. NO RENT CONTROL.
UNIT 1: 3 BRM 1.5 BTH / UNIT 2: 2 BRM 2 BTH / UNIT 3: 2 BRM 2 BTH / UNIT 4: 3 BRM 1.5 BRM.
VERY CONVENIENCE LOCATION: ONTARIO MILLS & OTHER LARGE SHOPPING CENTERS, COSTCO, SCHOOL, NEW OFFICE BUILDINGS, PARKS AND ONTARIO AIRPORT ARE NEAR BY.
SUBJECT FOURPLEX STREET NAME IS INLAND EMPIRE BLVD., BUT ITS SHOWN "G" ST. ON TITLE (OLD TITLE STREET NAME).
SUBJECT FOURPLEX IS SOLD "AS-IS" ITS PRESENT CONDITION, NO REPAIRS. NO TERMITE (HAD TERMITE COMPLETION REPORT 10/2016). NO APPRAISAL CONTINGECY. BUYER TO COOPERATE WITH SELLERS ON THEIR 1031 EXCHANGE AT NO COST TO BUYER.
*** DRIVE BY ONLY PLEASE *** THANK YOU.

Last Agent to Sell the Property

Leanne Chang

ReMax 2000 Realty License #01055179 Listed on: 01/25/2018

ReMax 2000 Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,463

Year Built

  • Built in 1987

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 138 x 97
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 3,886 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, security, telephone
  • Tax Lot 16
  • Tax Tract Number 13217
  • Assessor Parcel Number 0210411350000

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $312
  • Gardener Expense $900
  • Insurance Expense $982
  • Other Expense $432
  • Professional Management Expense $3,000
  • Water Sewer Expense $4,620
  • New Taxes Expense $3,992
  • Operating Expense $14,238
  • Gross Income $59,100
  • Net Operating Income $44,862

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,463

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.72
  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4620.00
  • Property Sub Type: Townhouse
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 0210411350000
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 246.40

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size: 138 x 97
  • Lot Size Sq Ft: 13386.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Security, Telephone

Multi Family

  • Electric Expense: 312.00
  • Gross Operating Income: 59100.00
  • Gross Scheduled Income: 59100.00
  • Insurance Expense: 982.00
  • Net Operating Income: 44862.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14238.00
  • Other Expense: 432.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 4925.00
  • Total Expenses: 14238.00

Tax Info

  • New Taxes Expense: 3992.00
  • Tax Lot: 16
  • Tax Tract Number: 13217

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2020
Sold by
Donthineni Venkata R and Donthineni Parvathi
Bought by
Donthineni Sudheer and Donthineni Silvia
Current Estimated Value
$1,564,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$570,807
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$989,836

Purchase Details

Listed on
Jan 25, 2018
Closed on
Mar 20, 2018
Sold by
Revo Blackmon Grace
Bought by
Donthineni Venkata R and Donthineni Parvathi
Seller's Agent
Leanne Chang
ReMax 2000 Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$950,000
Sold Price
$957,500
Premium/Discount to List
$7,500
0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$639,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2016
Sold by
Cava Joseph T and Cava Deborah
Bought by
Revo Blackmon Grace and Revo Grace Park Whang Blackmon

Purchase Details

Closed on
Mar 3, 2014
Sold by
Blackmon Grace H
Bought by
Revo Blackmon Grace and Revo Grace Park Whang Blackmon

Purchase Details

Closed on
Jul 20, 2010
Sold by
Blackmon John A and Blackmon Grace H
Bought by
Blackmon Grace H

Purchase Details

Closed on
Sep 5, 2003
Sold by
Blackmon John A and Blackmon Grace H
Bought by
Blackmon John A and Blackmon Grace H

Purchase Details

Closed on
Aug 29, 2000
Sold by
Banga Walter L And Jeannette Trs
Bought by
Blackmon John A and Blackmon Grace H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.98%

Purchase Details

Closed on
Oct 20, 1994
Sold by
Banga Walter L and Banga Jeannette
Bought by
Banga Walter L and Banga Jeannette
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
Donthineni Sudheer -- Pacific Coast Title Company
Donthineni Venkata R $957,500 Ticor Title Company
Revo Blackmon Grace -- Accommodation
Revo Blackmon Grace -- None Available
Blackmon Grace H -- None Available
Blackmon John A -- --
Blackmon John A $290,000 Chicago Title Co
Banga Walter L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donthineni Sudheer $640,000
Closed Donthineni Venkata R $639,000
Previous Owner Blackmon John A $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $957,500 +0.8% $246 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/11/2018 02/11/18 For Sale $950,000 -0.8% $244 / Sq Ft
01/31/2018 01/31/18 Off Market $957,500 -- --
01/25/2018 01/25/18 For Sale $950,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,463 $1,107,600 $385,423 $722,177
2024 $11,463 $1,085,883 $377,866 $708,017
2023 $11,198 $1,064,591 $370,457 $694,134
2022 $10,993 $1,043,717 $363,193 $680,524
2021 $10,896 $1,006,504 $352,145 $654,359
2020 $10,670 $996,183 $348,534 $647,649
2019 $10,482 $976,650 $341,700 $634,950
2018 $4,145 $384,054 $132,432 $251,622
2017 $3,993 $376,523 $129,835 $246,688
2016 $3,940 $369,140 $127,289 $241,851
2015 $3,912 $363,595 $125,377 $238,218
2014 $3,794 $356,473 $122,921 $233,552
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18019211

California Regional Multiple Listing Service (CRMLS)

APN: 0210-411-35