NOT LISTED FOR SALE

3486 Lakeshore Blvd Nice, CA 95464

Estimated Value: $166,000 - $292,000

4 Beds
6 Baths
678 Sq Ft
$338/Sq Ft Est. Value

Last Sold August 24, 2016

Last sale price $450,000 $664 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $1,318/month

102 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Carpet
  • No HOA

About This Home

As of August 2016

TURN KEY RENTAL PROPERTY!!! 9 UNITS PLUS A LARGE BARN and additional building with laundry room and storage lockers. 7 units have been rebuilt from foundation up. Barn is ready to be renovated as a rental or call it your primary residence. Centrally located in a great area of Nice
near new Casino and Wineries. This is definitely a money maker so don't delay while prices are still low. The lake is across the street and
property is close to shopping and Marina.

Last Agent to Sell the Property

Kathy McGuire

Luxe Places International Realty License #1403033 Listed on: 08/09/2016

Luxe Places International Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 0.34 Acre Lot
  • Property fronts a county road
  • Two or More Common Walls
  • Rural Setting

Parking

  • 15 Parking Spaces

Home Design

  • 678 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Private Water Source

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 03225357,58.59

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $200
  • Insurance Expense $3,000
  • Maintenance Expense $2,100
  • Professional Management Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,828
  • Gross Income $3,119
  • Net Operating Income $25,190

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2000.00
  • Property Attached: Yes
  • Road Frontage Type: County Road
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 03225357,58.59
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 663.72
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1200.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Community Features: Rural

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15000.00
  • Price Per Lot Square Foot: 30.00
  • Lot Size Acres: 0.3440

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 200.00
  • Gross Income: 3119.00
  • Gross Scheduled Income: 37429.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 15000.0000 Square Feet
  • Maintenance Expense: 2100.00
  • Net Operating Income: 25190.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 8
  • Operating Expense: 12238.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3828.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2017
Sold by
Greenhalgh John B
Bought by
Greenhalgh John B
Current Estimated Value
$229,000

Purchase Details

Listed on
Aug 9, 2016
Closed on
Aug 12, 2016
Sold by
Olof Jack O and Olof Ann L
Bought by
Marshall Greenhalgh John and Marshall Andrew William
Seller's Agent
Kathy McGuire
Luxe Places International Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$469,000
Sold Price
$450,000
Premium/Discount to List
-$19,000
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.96%
Original Mortgage
$337,500
Outstanding Balance
$267,940
Interest Rate
3.41%
Mortgage Type
Commercial
Estimated Equity
-$38,940

Purchase Details

Listed on
Feb 26, 2012
Closed on
Jan 4, 2013
Sold by
Herbert Colin and Herbert Katherine I
Bought by
Olof Eric J and Olof Cynthia E
Seller's Agent
Denise Marino
RE/MAX Gold Lake County
Buyer's Agent
Kathy McGuire
Luxe Places International Realty
List Price
$339,000
Sold Price
$299,000
Premium/Discount to List
-$40,000
-11.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.96%

Purchase Details

Closed on
Jun 14, 2010
Sold by
Herbert Charles
Bought by
Herbert Charles R and Herbert Katherine I

Purchase Details

Closed on
May 11, 2009
Sold by
Kalaveras Sally Rae
Bought by
Herbert Charles and Herbert Colin

Purchase Details

Closed on
Jan 7, 2008
Sold by
Herbert Charles and Herbert Colin
Bought by
Kalaveras Sally Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,609
Interest Rate
6.07%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 26, 2007
Sold by
Burger Eric Douglas
Bought by
Herbert R Cordell

Purchase Details

Closed on
Mar 7, 2005
Sold by
Burger Eric Douglas
Bought by
Burger Eric Douglas
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
Greenhalgh John B -- None Available
Marshall Greenhalgh John $450,000 Fidelity National Title Co
Olof Eric J -- Fidelity Natl Title Co Of Ca
Olof Eric J $299,000 Fidelity Natl Title Co Of Ca
Herbert Charles R -- None Available
Herbert Charles $225,000 First American Title Ins Co
Kalaveras Sally Rae $355,000 First American Title Company
Herbert R Cordell $325,000 Fidelity Natl Title Co Of Ca
Burger Eric Douglas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marshall Greenhalgh John $337,500
Previous Owner Kalaveras Sally Rae $354,609
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2016 08/24/16 Sold $450,000 -4.1% $664 / Sq Ft
08/09/2016 08/09/16 Price Changed $469,000 0.0% $692 / Sq Ft
08/09/2016 08/09/16 For Sale $469,000 0.0% $692 / Sq Ft
02/25/2016 02/25/16 For Sale $469,000 +56.9% $692 / Sq Ft
01/11/2013 01/11/13 Sold $299,000 -11.8% $441 / Sq Ft View Prior Sale
10/31/2012 10/31/12 Pending -- -- --
02/26/2012 02/26/12 For Sale $339,000 -- $500 / 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 $1,467 $127,658 $87,041 $40,617
2024 $1,482 $125,156 $85,335 $39,821
2023 $1,424 $122,703 $83,662 $39,041
2022 $1,462 $120,298 $82,022 $38,276
2021 $1,430 $117,940 $80,414 $37,526
2020 $1,363 $116,732 $79,590 $37,142
2019 $1,380 $114,444 $78,030 $36,414
2018 $1,255 $112,200 $76,500 $35,700
2017 $1,226 $110,000 $75,000 $35,000
2016 $829 $71,772 $57,211 $14,561
2015 $818 $70,695 $56,352 $14,343
2014 $806 $68,281 $57,776 $10,505
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC16041727

California Regional Multiple Listing Service (CRMLS)

APN: 032-253-580-000