NOT LISTED FOR SALE

331 Vernon Dr Upland, CA 91786

Estimated Value: $728,000 - $1,127,000

3 Beds
2 Baths
2,535 Sq Ft
$391/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $335,999 $133 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $5,556/month

122 Days on Market

Highlights

  • Contemporary Architecture
  • Upland High School Rated A-
  • No Heating

About This Home

As of August 2012

Great cash flow opportunity! Newly completed interior/exterior rehab and landscape. 3 unit income property with (2) one bedroom one bath and (1) two bedroom one bath. Single level building with seperate gas and electric meters. 3 carports, onsite laundry rm,individual/private backyards, large open grass area close to bike trail.

Last Agent to Sell the Property

Doug Wetton

DW Investments License #01009432 Listed on: 03/27/2012

Last Buyer's Agent

MARTIN OLSON

REALTY ONE GROUP WEST License #01912292

REALTY ONE GROUP WEST

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 8,146

Parking

  • 3 Parking Spaces

Home Design

  • 2,535 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 1046372130000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $21,470

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.39
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 1046372130000
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 132.54

Exterior Features

  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Gross Multiplier: 11.27
  • Gross Scheduled Income: 29820.00
  • Net Operating Income: 21470.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8349.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2012
Closed on
Oct 22, 2012
Sold by
Han Linda
Bought by
Han Linda M and The Linda M Han Trust
Seller's Agent
Doug Wetton
DW Investments
Buyer's Agent
MARTIN OLSON
REALTY ONE GROUP WEST
List Price
$389,999
Sold Price
$335,999
Premium/Discount to List
-$54,000
-13.85%
Current Estimated Value
$990,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$654,497
Avg. Annual Appreciation
8.42%

Purchase Details

Listed on
Mar 27, 2012
Closed on
Aug 21, 2012
Sold by
Blue Jay Bay Ventures Llc
Bought by
Han Linda
Seller's Agent
Doug Wetton
DW Investments
Buyer's Agent
MARTIN OLSON
REALTY ONE GROUP WEST
List Price
$389,999
Sold Price
$335,999
Premium/Discount to List
-$54,000
-13.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,999
Outstanding Balance
$173,089
Interest Rate
3.49%
Mortgage Type
New Conventional
Estimated Equity
$817,407

Purchase Details

Closed on
Mar 6, 2012
Sold by
Emerald Bay Capital Inc
Bought by
Blue Jay Bay Ventures Llc

Purchase Details

Closed on
Feb 2, 2012
Sold by
Wells Fargo Bank Na
Bought by
Emerald Bay Capital Inc

Purchase Details

Closed on
Sep 27, 2011
Sold by
Wood John R
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Dec 29, 2006
Sold by
Wood John R
Bought by
Wood John R and Wood Holly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,500
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2004
Sold by
Scott Melodie Z
Bought by
Wood John R and Wood Holly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 1998
Sold by
Holoway Floy G and Holoway Melodie Z
Bought by
Scott Melodie Z and Floy Holloway Trust
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
Han Linda M -- Accommodation
Han Linda $336,000 Spl Title Services
Blue Jay Bay Ventures Llc $216,500 Accommodation
Emerald Bay Capital Inc $216,500 Servicelink
Wells Fargo Bank N A $361,250 Accommodation
Wood John R -- Accommodation
Wood John R -- None Available
Wood John R $370,000 Chicago Title Co
Scott Melodie Z -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Han Linda $251,999
Previous Owner Wood John R $467,500
Previous Owner Wood John R $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $335,999 -13.8% $133 / Sq Ft
07/27/2012 07/27/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $389,999 -- $154 / 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 $4,507 $413,759 $141,614 $272,145
2024 $4,507 $405,646 $138,837 $266,809
2023 $4,439 $397,692 $136,115 $261,577
2022 $4,343 $389,894 $133,446 $256,448
2021 $4,337 $382,249 $130,829 $251,420
2020 $4,219 $378,330 $129,488 $248,842
2019 $4,205 $370,912 $126,949 $243,963
2018 $4,104 $363,639 $124,460 $239,179
2017 $3,986 $356,509 $122,020 $234,489
2016 $3,773 $349,518 $119,627 $229,891
2015 $3,688 $344,268 $117,830 $226,438
2014 $3,593 $337,524 $115,522 $222,002
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12001233

California Regional Multiple Listing Service (CRMLS)

APN: 1046-372-13