NOT LISTED FOR SALE

318 Lincoln Way Auburn, CA 95603

Estimated Value: $843,924 - $847,000

8 Beds
4 Baths
3,352 Sq Ft
$252/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $625,000 $186 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,175/month

94 Days on Market

Highlights

  • Craftsman Architecture
  • Placer High School Rated A-
  • No HOA

About This Home

As of July 2020

Secure Income Triplex in Auburn and walk to town. This converted older classic Craftsman home is ideal for the current long-term tenants. Unit One is a 4 bedroom 2-story home with a comfortable living room with fireplace. Two bedrooms and a bath upstairs and 2 bedrooms and bath down..The 2nd unit has 3 bedrooms and one bath on single level with large kitchen and great room living room. The third unit is a one bedroom one bath over the 4-car carport. All units upgraded 10 years ago and are in solid living condition. It is ok to drive by, but please do not disturb the tenants..

Last Agent to Sell the Property

Bob Burton

eXp Realty of California Auburn License #00451383 Listed on: 03/04/2020

Last Buyer's Agent

Ann Bryant

Windermere Signature Properties Auburn License #00965549

Windermere Signature Properties Auburn

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,495

Year Built

  • Built in 1957

Lot Details

  • 9,357 Sq Ft Lot

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage
  • 1 Parking Space Included

Home Design

  • Triplex
  • Craftsman Architecture
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Window Treatments

Utilities

  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable tv electricity gas maintenance trash collection water
  • Assessor Parcel Number 003-051-010-000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Insurance Expense $1,800
  • Operating Expense $11,640
  • Net Operating Income $39,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,495

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1957
  • Architectural Style: Craftsman
  • Levels: 0
  • Stories: 2
  • Number of Three Bedroom Units: 1
  • Number of Four Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range,Free Standing Refrigerator
  • Flooring: Carpet,Linoleum/Vinyl
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Brick,Frame,Lap Siding,Wood
  • Disclosures/Documents: See Remarks
  • Foundation: Combination,Raised
  • Listing Price: 600000.00
  • Patio And Porch Features: Covered Deck,Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 6
  • Garage Spaces: 1
  • Parking Features: Carport,Guest Parking Available,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Cooling: Ceiling Fan(s),Central,Varies by Unit
  • Electric: 220 Volts
  • Heating: Central,Wall Furnace,Varies by Unit
  • Laundry Features: Washer/Dryer Owned,Washer/Dryer
  • Water Source: Meter on Site,Public

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Placer Union High

Lot Info

  • Zoning Description: Multi-Res
  • Lot Size Acres: 0.2148
  • Lot Size Sq Ft: 9357

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Maintenance,Trash Collection,Water

Multi Family

  • Operating Expense: 11640
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 1800
  • Number of Leased Units: 3
  • Number of Units: 3
  • Units Furnished: None
  • Gross Income Multiplier: 11.700

Tax Info

  • Assessor Parcel Number: 003-051-010-000
  • Current RE Taxes: 5495
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Placer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2021
Sold by
Koons Adam and Hao Shuai L
Bought by
Koons Adam Edward and Hao Shuai
Current Estimated Value
$845,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Outstanding Balance
$417,397
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$428,065

Purchase Details

Listed on
Mar 4, 2020
Closed on
Jul 20, 2020
Sold by
Lewis Aaron A and Lewis Amy Schreiner
Bought by
Koons Adam and Hao Shuai L
Seller's Agent
Bob Burton
eXp Realty of California Auburn
Buyer's Agent
Ann Bryant
Windermere Signature Properties Auburn
List Price
$600,000
Sold Price
$625,000
Premium/Discount to List
$25,000
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$470,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2015
Sold by
Evans Ronald
Bought by
Hylton Dennis and Hylton Cecelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,880
Interest Rate
4.05%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 2015
Sold by
Schreiner Lewis Aaron A and Schreiner Lewis Amy
Bought by
Schreiner Lewis Aaron A and Schreiner Lewis Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,880
Interest Rate
4.05%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 2013
Sold by
Schreiner Lewis Aaron A and Schreiner Lewis Amy
Bought by
Schreiner Lewis Aaron A and Schreiner Lewis Amy

Purchase Details

Closed on
Jan 14, 2009
Sold by
Gmac Mortgage Llc
Bought by
Schreiner Lewis Aaron A and Schreiner Lewis Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,807
Interest Rate
5.15%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 7, 2008
Sold by
Callaway Barbara J and Callaway Dewain H
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jul 20, 2006
Sold by
Emerson Gregory and Demates Laurence
Bought by
Callaway Dewain H and Callaway Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2004
Sold by
Emerson Gregory
Bought by
Emerson Gregory and Demates Laurence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 23, 2003
Sold by
Saxophone Llc
Bought by
Emerson Gregory A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,600
Interest Rate
4.76%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 5, 2002
Sold by
Emerson Joanna M
Bought by
Emerson Gregory A

Purchase Details

Closed on
Nov 21, 2000
Sold by
Jack Barker Geneva I
Bought by
Saxophone Llc

Purchase Details

Closed on
Aug 14, 1996
Sold by
Barker Geneva I
Bought by
Barker Geneva I
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
Koons Adam Edward -- First American Title Company
Koons Adam $625,000 Old Republic Title Company
Hylton Dennis $204,000 Old Republic Title Company
Schreiner Lewis Aaron A -- Old Republic Title Company
Schreiner Lewis Aaron A -- Old Republic Title Company
Schreiner Lewis Aaron A $2,727 None Available
Schreiner Lewis Aaron A $298,500 First American Title Company
Gmac Mortgage Llc $404,100 First American Title Company
Callaway Dewain H $575,000 Multiple
Emerson Gregory -- Alliance Title
Hungerford Winter E -- Alliance Title
Emerson Gregory A $322,000 Old Republic Title
Emerson Gregory A -- Old Republic Title
Saxophone Llc $260,000 Old Republic Title Company
Barker Geneva I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koons Adam Edward $468,000
Closed Koons Adam $470,000
Previous Owner Schreiner Lewis Aaron A $303,880
Previous Owner Schreiner Lewis Aaron A $328,807
Previous Owner Callaway Dewain H $460,000
Previous Owner Emerson Gregory $300,000
Previous Owner Emerson Gregory A $257,600
Closed Emerson Gregory A $32,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $625,000 +4.2% $186 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $600,000 -4.0% $179 / Sq Ft
05/30/2020 05/30/20 Off Market $625,000 -- --
03/19/2020 03/19/20 For Sale $600,000 0.0% $179 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $600,000 -- $179 / 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 $8,995 $676,518 $194,837 $481,681
2023 $8,995 $650,250 $187,272 $462,978
2022 $8,888 $637,500 $183,600 $453,900
2021 $8,642 $625,000 $180,000 $445,000
2020 $5,764 $351,472 $105,970 $245,502
2019 $5,695 $344,582 $103,893 $240,689
2018 $5,495 $337,826 $101,856 $235,970
2017 $5,354 $331,203 $99,859 $231,344
2016 $5,207 $324,709 $97,901 $226,808
2015 $5,055 $319,833 $96,431 $223,402
2014 -- $313,569 $94,543 $219,026
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20011114

MetroList

APN: 003-051-010