NOT LISTED FOR SALE

Estimated Value: $840,000 - $934,000

7 Beds
4 Baths
2,450 Sq Ft
$369/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $880,000 $359 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,124/month

63 Days on Market

Highlights

  • Patio
  • Landscaped
  • Coin Laundry

About This Home

As of June 2023

Unbelievable investment opportunity. Great location. Newly painted exterior and new laminate flooring in all units. 3 units ar 2 bed 1 bath and 1 unit 1 bed 1 bath.

Last Agent to Sell the Property

Joudi Chehade

Scharone Sims Realty License #01862972 Listed on: 03/14/2023

Last Buyer's Agent

Joudi Chehade

Scharone Sims Realty License #01862972 Listed on: 03/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,844

Year Built

  • Built in 1963

Lot Details

  • 8,407 Sq Ft Lot
  • Landscaped

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Laminate Flooring

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • 220 Volts
  • Natural Gas Connected
  • Property is located within a water district
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 258-0212-058-0000

Community Details

Overview

  • Association fees include maintenanceexterior, ground maintenance, pool
  • 4 Units
  • Carmichael Garden Homeowners Association
  • Mandatory home owners association

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,844

Year Built

Built in 1963

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1963
  • Stories: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 3
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Price Per Square Foot: 283.87

Exterior Features

  • Construction Materials: Frame
  • Foundation: Slab
  • Listing Price: 899000.00
  • Lot Features: Sidewalk, Landscape Front

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 8.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Sewer Connected, In & Connected
  • Utilities: Natural Gas Connected, TV Antenna, Electric
  • Cooling: Wall Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, In Common Area
  • Water Source: Water District

Condo/Co-op/Association

  • Association Features: Patios/Balcony
  • Association Fee: 400
  • Association Fee Frequency: Monthly
  • Association Fee Includes: MaintenanceExterior, MaintenanceGrounds, Pool
  • Association Name: carmichael garden homeowners
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Mandatory Association: Yes

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD 20
  • Irrigation: Irrigation Connected
  • Lot Size Acres: 0.1930
  • Lot Size Sq Ft: 8407.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Number of Vacant Units: 1
  • One Bedrooms Occupied: 1
  • Two Bedrooms Occupied: 2
  • 1 Bedroom Rent Range: 1500-1800
  • Two Bedroom Rent Range: 1800-2000

Tax Info

  • Assessor Parcel Number: 258-0212-058-0000
  • Bonds/Assessments/Taxes Description: Transfer Tax County
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
Jun 6, 2023
Sold by
Waves Inc
Bought by
Sudhanshu Rajvaida and Sudhanshu Neha Pathak
Seller's Agent
Joudi Chehade
Scharone Sims Realty
Buyer's Agent
Joudi Chehade
Scharone Sims Realty
List Price
$899,000
Sold Price
$880,000
Premium/Discount to List
-$19,000
-2.11%
Views
195
Current Estimated Value
$904,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,564
Avg. Annual Appreciation
1.23%
Original Mortgage
$660,000
Outstanding Balance
$643,747
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$260,714

Purchase Details

Closed on
Mar 31, 2023
Sold by
Ayman Alaraaj
Bought by
Waves Inc

Purchase Details

Listed on
Jan 20, 2021
Closed on
May 13, 2021
Sold by
Nassar Jehad and Nassar Ayman
Bought by
Alaaraj Ayman I and Alshaikhli Omar
Seller's Agent
Tanya Bridges
1st Choice Realty & Associates
Buyer's Agent
Faten Shaheen
West Wide Realty
List Price
$724,900
Sold Price
$724,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%
Original Mortgage
$465,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 20, 2021
Closed on
May 6, 2021
Sold by
Khera Gurpreet
Bought by
Alaaraj Ayman I and Alshaikhli Omar
Seller's Agent
Tanya Bridges
1st Choice Realty & Associates
Buyer's Agent
Faten Shaheen
West Wide Realty
List Price
$724,900
Sold Price
$724,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2017
Sold by
Kp Investments Llc
Bought by
Khera Gurpreet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2017
Closed on
Aug 30, 2017
Sold by
Shimon Gary C and Shimon Pamela S
Bought by
Kp Investments Llc
Seller's Agent
Teri Bryant
California Investors
Buyer's Agent
Teri Bryant
California Investors
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.58%
Original Mortgage
$292,500
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 1, 2004
Sold by
Ching Kenneth L and Ching Winsome A
Bought by
Shimon Gary C and Shimon Pamela S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.53%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 25, 1999
Sold by
World Food Bank
Bought by
Ching Kenneth L and Ching Winsome A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,250
Interest Rate
7.66%

Purchase Details

Closed on
Jul 29, 1999
Sold by
Hud
Bought by
World Food Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,250
Interest Rate
7.66%

Purchase Details

Closed on
Apr 7, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Aug 7, 1998
Sold by
Hamilton Dennis
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Sep 22, 1997
Sold by
Hamilton Dennis
Bought by
Continental Gardens Homeowners Assn and Carmichael Gardens Homeowners Assn

Purchase Details

Closed on
Apr 27, 1994
Sold by
Hunnicutt Wayne and Hunnicutt Nancy Scott
Bought by
Hamilton Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,614
Interest Rate
7.79%
Mortgage Type
FHA
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
Sudhanshu Rajvaida $880,000 Fidelity National Title Compan
Waves Inc -- --
Alaaraj Ayman I -- Chicago Title
Alaaraj Ayman I $724,500 Chicago Title
Khera Gurpreet -- Chicago Title Company
Khera Gurpreet -- Chicago Title Company
Kp Investments Llc $325,000 Orange Coast Title Company O
Shimon Gary C $400,000 Alliance Title Company
Ching Kenneth L $105,000 Stewart Title
World Food Bank $82,500 Stewart Title
Hud -- Fidelity National Title Ins
Norwest Mtg Inc $140,286 Fidelity National Title Ins
Continental Gardens Homeowners Assn $5,171 First American Title Ins Co
Hamilton Dennis $127,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sudhanshu Rajvaida $660,000
Previous Owner Alaaraj Ayman I $465,000
Previous Owner Khera Gurpreet $306,000
Previous Owner Kp Investments Llc $292,500
Previous Owner Shimon Gary C $184,000
Previous Owner Ching Kenneth L $171,000
Previous Owner Ching Kenneth L $117,250
Previous Owner Hamilton Dennis $125,614
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $880,000 -2.1% $359 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $899,000 0.0% $367 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $899,000 +24.0% $367 / Sq Ft
05/14/2021 05/14/21 Sold $724,900 0.0% $220 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $724,900 +123.0% $220 / Sq Ft
09/01/2017 09/01/17 Sold $325,000 0.0% $105 / Sq Ft
08/17/2017 08/17/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $325,000 -- $105 / 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 $10,844 $915,551 $274,665 $640,886
2024 $10,844 $897,600 $269,280 $628,320
2023 $9,140 $753,457 $208,080 $545,377
2022 $10,295 $738,684 $204,000 $534,684
2021 $4,167 $341,632 $105,117 $236,515
2020 $4,089 $338,130 $104,040 $234,090
2019 $4,007 $331,500 $102,000 $229,500
2018 $3,961 $325,000 $100,000 $225,000
2017 $5,903 $480,407 $120,098 $360,309
2016 $5,220 $445,820 $111,453 $334,367
2015 $4,956 $416,655 $104,162 $312,493
2014 $4,949 $416,655 $104,162 $312,493
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 223020550

MetroList

APN: 258-0212-058