NOT LISTED FOR SALE

Estimated Value: $914,000 - $1,207,000

4 Beds
6 Baths
1,960 Sq Ft
$564/Sq Ft Est. Value

Last Sold July 13, 2015

Last sale price $762,938 $389 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,508/month

23 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Landscaped
  • McKinley Elementary School Rated A-
  • Fenced Yard
  • 4-minute walk to Kenilworth Park

About This Home

As of July 2015

Seldom found in Petaluma - a just renovated duplex with garages and a large back yard. Kitchen remodel includes cherry cabinets and granite counters. New windows bring in the light. New flooring, new paint. Make this your first income property investment, or move in and let the other unit help pay your mortgage! Just blocks to Whole Foods, public pool, a new shopping center, the soon-to-arrive SMART train station and the charms of old Petaluma.

Last Agent to Sell the Property

Peter Nielsen

Marin Realty Experts License #00804069 Listed on: 06/02/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 5,419 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Parking

  • Garage

Home Design

  • 1,960 Sq Ft Home
  • Duplex
  • Contemporary Architecture
  • Concrete Foundation
  • Shingle Roof

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • 4 Bedrooms
  • Baseboard Heating

Community Details

  • 2 Units
  • Gross Income $54,000

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Assessor Parcel Number 007-092-028-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

5,419 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Directions To Property: Hwy 101, E Washington St to west side, Left on Vallejo St.
  • Lot Size Acres: 0.1244
  • CapRate: 6.00
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Contemporary
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Refrigerator, Microwave, OVFR
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 389.25
  • Square Footage: 1960
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Landscape Front, Shape Regular
  • Roof: Shingle
  • ExteriorFeatures: Fenced Yard, Yard Space

Garage/Parking

  • Parking Features: CAR3, Garage

Utilities

  • Security Features: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: All Electric
  • Water Source: Public
  • Heating: Baseboard, Electric
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Separate Meters: Electricity

Lot Info

  • Assessor Parcel Number: 007-092-028-000
  • Lot Size Sq Ft: 5419

Rental Info

  • TenantPays: Electricity, Trash Collection

Building Info

  • Year Built: 1973

Multi Family

  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2015
Closed on
Jul 7, 2015
Sold by
Rice Robert R and The Robert R Rice Revocable Tr
Bought by
Paul & Susan Galassi Trust
Seller's Agent
Peter Nielsen
Marin Realty Experts
List Price
$762,938
Sold Price
$762,938
Current Estimated Value
$1,105,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,818
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
Jun 15, 2010
Sold by
Wells Fargo Bank N A
Bought by
Rice Robert R and The Robert R Rice Revocable Tr

Purchase Details

Closed on
Apr 7, 2010
Sold by
Gerson Edward A and Gerson Virginia S
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 10, 2007
Sold by
Gerson Edward A and Gerson Virginia S
Bought by
Gerson Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,900
Interest Rate
6.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 5, 2007
Sold by
Gerson Edward A and Gerson Virginia S
Bought by
Gerson Properties Llc

Purchase Details

Closed on
Mar 21, 2005
Sold by
Gerson Edward A and Gerson Virginia S
Bought by
Gerson Edward A and Gerson Virginia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,500
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2000
Sold by
Gerson Edward A and Gerson Virginia S
Bought by
Gerson Edward A and Gerson Virginia S

Purchase Details

Closed on
Nov 11, 1999
Sold by
Thomas Clyde D and Thomas Rowena A
Bought by
Gerson Edward A and Gerson Virginia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.4%

Purchase Details

Closed on
Mar 4, 1999
Sold by
Thomas Clyde D and Thomas Rowena A
Bought by
Thomas Clyde D and Thomas Rowena A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.79%

Purchase Details

Closed on
Feb 4, 1999
Sold by
Thomas Clyde D and Thomas Rowena A
Bought by
Thomas Clyde D and Thomas Rowena A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Paul & Susan Galassi Trust $763,000 Fidelity National Title Co
Rice Robert R $309,500 Fidelity National Title Co
Wells Fargo Bank Na $370,158 Accommodation
Gerson Properties Llc -- Accommodation
Gerson Edward A -- Fidelity National Title Co
Gerson Properties Llc -- None Available
Gerson Edward A -- North Bay Title Co
Gerson Edward A -- North Bay Title Co
Gerson Edward A -- --
Gerson Edward A $280,000 Sonoma Title Guaranty Compan
Thomas Clyde D -- --
Thomas Clyde D -- Northwestern Title Security
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerson Edward A $504,900
Previous Owner Gerson Edward A $422,500
Previous Owner Gerson Edward A $210,000
Previous Owner Thomas Clyde D $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2015 07/13/15 Sold $762,938 0.0% $389 / Sq Ft
06/25/2015 06/25/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $762,938 -- $389 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $9,739 $904,351 $361,055 $543,296
2024 $9,739 $885,992 $353,976 $532,016
2023 $9,739 $868,580 $347,036 $521,544
2022 $9,455 $851,498 $340,232 $511,266
2021 $9,277 $834,810 $333,561 $501,249
2020 $14,715 $826,254 $330,141 $496,113
2019 $9,247 $810,501 $323,668 $486,833
2018 $9,212 $794,625 $317,322 $477,303
2017 $9,019 $779,060 $311,100 $467,960
2016 $8,811 $763,880 $305,000 $458,880
2015 $3,903 $330,724 $154,569 $176,155
2014 $3,885 $324,263 $151,542 $172,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21512660

Bay Area Real Estate Information Services (BAREIS)

APN: 007-092-028

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