NOT LISTED FOR SALE

3445 Spring St Paso Robles, CA 93446

Estimated Value: $785,579 - $1,148,000

8 Beds
4 Baths
2,972 Sq Ft
$325/Sq Ft Est. Value

Last Sold September 28, 2012

Last sale price $330,000 $111 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $5,424/month

350 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • Paved or Partially Paved Lot
  • Paso Robles High School Rated A-
  • Central Vacuum
  • 2-minute walk to Uptown Family Park

About This Home

As of September 2012

Marketing Remarks: Great Investment property - 4 plex - 2 upstairs - 2 downstairs - 2 bedroom - 1 bath per unit. Each unit is metered separately for gas & electric. Lawn & Garden area. Conveniently located, just a few blocks from churches, schools, food mart and public transportation.

Last Agent to Sell the Property

Margret Purkiss

License #01848509 Listed on: 09/05/2011

Last Buyer's Agent

Bill Nelson

Realty One, Inc. License #01301845

Realty One, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 8,538 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,972 Sq Ft Home
  • Central Vacuum

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • Parking Available
  • On-Site Parking

Additional Features

  • Exterior Lighting
  • Forced Air Heating and Cooling System

Community Details

  • 4 Units
  • Net Operating Income $21,075

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 008031023

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Subdivision Name Other: PR City Limits West(120)
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 008031023
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Vacuum Central
  • Levels: Two
  • Price Per Square Foot: 111.04

Exterior Features

  • Foundation: Slab
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Utilities: Phone Connected
  • Laundry: Yes
  • Heating Type: Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Level with Street, Paved
  • Lot Size Sq Ft: 8538.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 9.13
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 0.1900 Acres
  • Net Operating Income: 21075.00
  • Number Of Units Total: 4
  • Operating Expense: 20539.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2011
Closed on
Sep 2, 2012
Sold by
Elsea Barbara A
Bought by
Condon Geoffrey B and Condon Bernadine S
Seller's Agent
Margret Purkiss
Buyer's Agent
Bill Nelson
Realty One, Inc.
List Price
$390,000
Sold Price
$330,000
Premium/Discount to List
-$60,000
-15.38%
Current Estimated Value
$966,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$636,895
Avg. Annual Appreciation
8.42%
Original Mortgage
$200,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2000
Sold by
Sims Harold F and Sims Myra K
Bought by
Harold & Kathryn Sims 2000 Trust

Purchase Details

Closed on
Dec 15, 1999
Sold by
Smith John R and House Wanda Lilac
Bought by
Sims Harold F and Sims Myra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.83%

Purchase Details

Closed on
Aug 26, 1998
Sold by
Radford Darrell F and Radford Milene F
Bought by
Smith John R and House Wanda Lilac

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
6.91%
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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Purchase History

Date Buyer Sale Price Title Company
Condon Geoffrey B $330,000 Fidelity National Title Co
Harold & Kathryn Sims 2000 Trust -- --
Sims Harold F $250,000 Chicago Title Co
Smith John R $169,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Condon Geoffrey B $200,000
Previous Owner Sims Harold F $180,000
Previous Owner Smith John R $87,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2012 09/28/12 Sold $330,000 -15.4% $111 / Sq Ft
08/20/2012 08/20/12 Pending -- -- --
09/05/2011 09/05/11 For Sale $390,000 -- $131 / 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 $4,429 $406,360 $123,138 $283,222
2024 $4,357 $398,393 $120,724 $277,669
2023 $4,357 $390,582 $118,357 $272,225
2022 $4,292 $382,925 $116,037 $266,888
2021 $4,219 $375,417 $113,762 $261,655
2020 $4,161 $371,569 $112,596 $258,973
2019 $4,103 $364,285 $110,389 $253,896
2018 $4,047 $357,143 $108,225 $248,918
2017 $3,805 $350,141 $106,103 $244,038
2016 $3,731 $343,276 $104,023 $239,253
2015 $3,717 $338,121 $102,461 $235,660
2014 $3,587 $331,498 $100,454 $231,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PR179916

California Regional Multiple Listing Service (CRMLS)

APN: 008-031-023