NOT LISTED FOR SALE

32897 Road 160 Ivanhoe, CA 93235

Estimated Value: $416,000 - $487,000

8 Beds
4 Baths
3,364 Sq Ft
$133/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $390,000 $116 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,671/month

89 Days on Market

About This Home

As of January 2023

GREAT INVESTMENT OPPORTUNIITY- ALL 4 UNITS ARE RENTED WITH POSITIVE CASHFLOW. LISTING HAS BEEN PRICED ACCORDINGLY TO SALE FAST...

Last Agent to Sell the Property

Mark Castillo

Bayview Residential Brokerage License #01437097 Listed on: 10/12/2022

Bayview Residential Brokerage

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 6,534

Home Design

  • Quadruplex
  • Traditional Architecture
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,364 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Carport Spaces
  • Assigned Parking

Additional Features

  • 6,534 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $33,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $200
  • Insurance Expense $1,454
  • Maintenance Expense $200
  • Manager Expense $200
  • Utility Expense $200
  • Trash Expense $100
  • Operating Expense $5,954
  • Gross Income $30,240

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0

Listing Details

  • Zoning: C-2
  • Subclass: Fourplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3364
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Living Sq Ft: 3364
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 36933

Lot Info

  • Lot Acres: 0.1500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6713.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6713.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 11.31
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1454
  • Expense Landscape: 200
  • Expense Maintenance: 200
  • Expense Management: 200
  • Expenses Total: 5954
  • Expenses Utility: 200
  • Expense Trash: 100
  • Income Annual Gross: 30240.00
  • Income Annual Rental: 33600
  • Income Gross Scheduled: 33600
  • Income Includes: Coin Operated Equip, Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Jan 11, 2023
Sold by
Francisco Javier Vega and Francisco Amadita Vega
Bought by
Bautista Victor and Pereda Jennifer Rodriguez
Seller's Agent
Mark Castillo
Bayview Residential Brokerage
Buyer's Agent
RECIP
Out of Area Office
List Price
$380,000
Sold Price
$390,000
Premium/Discount to List
$10,000
2.63%
Views
55
Current Estimated Value
$454,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,014
Avg. Annual Appreciation
4.53%
Original Mortgage
$292,500
Outstanding Balance
$283,001
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$163,274

Purchase Details

Closed on
Jul 14, 2022
Sold by
Javier Vega Francisco and Javier Amada
Bought by
Francisco Javier Vega & Amadita Vega Revocabl

Purchase Details

Closed on
Apr 29, 2005
Sold by
Evans Lawrence C
Bought by
Vega Francisco and Vega Amada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1996
Sold by
Evans Lawrence C
Bought by
Evans Lawrence C and Evans Alta F
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
Bautista Victor $390,000 First American Title
Francisco Javier Vega & Amadita Vega Revocabl -- None Listed On Document
Vega Francisco $260,000 Chicago Title Co
Evans Lawrence C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bautista Victor $292,500
Previous Owner Vega Francisco $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2023 01/13/23 Sold $390,000 +2.6% $116 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
10/12/2022 10/12/22 For Sale $380,000 -- $113 / Sq Ft
Source: MLSListings

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 $3,751 $405,756 $57,222 $348,534
2024 $3,751 $355,309 $81,992 $273,317
2023 $3,720 $348,343 $80,385 $267,958
2022 $3,554 $341,513 $78,809 $262,704
2021 $3,559 $334,817 $77,264 $257,553
2020 $3,528 $331,384 $76,472 $254,912
2019 $3,419 $324,887 $74,973 $249,914
2018 $3,355 $318,517 $73,503 $245,014
2017 $3,298 $312,272 $72,062 $240,210
2016 $3,259 $306,149 $70,649 $235,500
2015 $3,166 $301,551 $69,588 $231,963
2014 $3,166 $295,644 $68,225 $227,419
Source: Public Records

Agents Affiliated with this Home

  • Mark Castillo

    Seller's Agent in 2023

    Mark Castillo

    Bayview Residential Brokerage

    (408) 594-3138

    1 in this area

    10 Total Sales

    Mark Castillo
    Section Image

  • R

    Buyer's Agent in 2023

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81910250

MLSListings

APN: 107-123-017-000

California Tulare County Ivanhoe 93235

32897 Road 160, Ivanhoe, CA

Not Listed for Sale

MultiFamily

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