NOT LISTED FOR SALE

3444 Park St Paso Robles, CA 93446

Estimated Value: $722,000 - $1,079,000

3 Beds
3 Baths
3,276 Sq Ft
$269/Sq Ft Est. Value

Last Sold September 27, 2018

Last sale price $550,000 $168 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,136/month

82 Days on Market

Highlights

  • Property is near park
  • Private Yard
  • Laundry Room
  • Paso Robles High School Rated A-
  • Double Pane Windows
  • Central Heating and Cooling System

About This Home

As of September 2018

Calling All Investors! If you've been looking for a QUALITY multi-family property, you won't find one much nicer than this 10 year old DUPLEX! Each of the two 3 bedroom, 2.5 bath units offers 1,600+ SqFt of well designed living space, with plenty of storage and ground level backyards. From the slab granite counters in the kitchen and bathrooms to the recessed can lighting, these feel more like upscale condos than a typical duplex! Both units (mirror image) offer a nicely appointed, galley style kitchen, adjacent dining area, and a HUGE living room with a slider out to the fenced backyards. Two storage closets, a 1/2 bath, and laundry facilities in the fully finished single car garage (with garage door openers) complete the lower level of these units, while 3 bedrooms and 2 baths are found upstairs. The master bedroom features a large walk-in closet opposite the private bath! As you can tell, this is NOT your average, poorly maintained duplex! The small association of 18 total units shares in the landscape and parking lot maintenance, as well as on-site lighting for added convenience and safety of the tenants. And thanks to the shared maintenance, managing this building is a breeze! Current rents are $1,500 for each unit - which leaves some room for increase if desired. And in this building, each tenant pays their own water/sewer! Don't let this one get past you - quality properties like this don't come along often! (age and unit square footage per tax records)

Last Agent to Sell the Property

Scott Ehrke

GUIDE Real Estate License #01012637 Listed on: 03/16/2018

GUIDE Real Estate

Last Buyer's Agent

Michele Smith

eXp Realty of California, Inc. License #01143667

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 4,842 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Private Yard
  • Lawn

Parking

  • 1 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Garage Door Opener

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,276 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Property is near park
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, telephone, water
  • Assessor Parcel Number 008041048

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $3,000
  • Trash Expense $300
  • New Taxes Expense $6,000
  • Operating Expense $9,300
  • Gross Income $36,000
  • Net Operating Income $26,700

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

4,842 Sq Ft Lot

Parking

1

Listing Details

  • Inclusions: Built-in appliances, refrigerators, garage door openers
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: PR City Limits West(120)
  • Zoning: R4
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 008041048
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 167.89
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level, Park Nearby, Yard
  • Lot Size Sq Ft: 4842.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Telephone, Water

Multi Family

  • Average3 Bed Area: 1638 Square Feet
  • Gross Income: 36000.00
  • Gross Multiplier: 16.52
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 3000.00
  • Net Operating Income: 26700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 9300.00
  • Rent Control: No
  • Total Expenses: 9300.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 101.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2018
Closed on
Aug 24, 2018
Sold by
Taylor Walter L and Davis Byron Wayne
Bought by
North Paso Llc
Seller's Agent
Scott Ehrke
GUIDE Real Estate
Buyer's Agent
Michele Smith
eXp Realty of California, Inc.
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%
Current Estimated Value
$879,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,973
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Feb 20, 2008
Sold by
Liu Joan E
Bought by
Taylor Walter L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
North Paso Llc $550,000 First American Title Co
Taylor Walter L -- First American Title Co
Davis Byron Wayne -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Byron Wayne $513,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2018 09/27/18 Sold $550,000 -7.6% $168 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $595,000 -- $182 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,687 $613,532 $306,766 $306,766
2024 $6,578 $601,502 $300,751 $300,751
2023 $6,578 $589,708 $294,854 $294,854
2022 $6,480 $578,146 $289,073 $289,073
2021 $6,370 $566,810 $283,405 $283,405
2020 $6,283 $561,000 $280,500 $280,500
2019 $6,194 $550,000 $275,000 $275,000
2018 $6,540 $577,196 $253,966 $323,230
2017 $6,150 $565,880 $248,987 $316,893
2016 $5,705 $525,000 $220,000 $305,000
2015 $5,001 $455,000 $200,000 $255,000
2014 $4,437 $320,000 $140,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS18061455

California Regional Multiple Listing Service (CRMLS)

APN: 008-041-048

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