NOT LISTED FOR SALE

Estimated Value: $674,000 - $793,000

4 Beds
2 Baths
1,980 Sq Ft
$360/Sq Ft Est. Value

Last Sold May 29, 2018

Last sale price $435,000 $220 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,336/month

6 Days on Market

About This Home

As of May 2018

Location!!!!Location!!! Location!!!! Excellent investment opportunity for those who want positive cash flow, beautiful duplex in a very quiet area in riverside!!! near to California Baptist University and Galleria at Tyler!!! Property has been upgraded with new flooring throughout!!! Front yard is fully landscaped and perfectly green!!!!fresh interior and exterior paint!!! both units are in excellent condition!!! Both units are 2 bedroom 1 bath and 1 car garage access to the garage is thru the apartment parking in the back!!! Buyer and buyer's agent to verify all aspect of the property.

Last Agent to Sell the Property

Oscar Duran

MARCO VIDAL, BROKER License #01362230 Listed on: 04/11/2018

Last Buyer's Agent

Fred O'Connor

MCINTOSH REAL ESTATE License #00390615

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,399

Year Built

  • Built in 1964

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Sprinkler System

Parking

  • 2 Car Garage

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 1111
  • Tax Tract Number 111111
  • Assessor Parcel Number 233091003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $800
  • Insurance Expense $850
  • Professional Management Expense $1,200
  • Trash Expense $480
  • Water Sewer Expense $1,250
  • Operating Expense $5,382
  • Gross Income $31,200
  • Net Operating Income $25,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,399

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 1200.00
  • Property Attached: No
  • Water Sewer Expenses: 1250.00
  • Zoning: R2
  • Property Type: Residential Income
  • Gardener Expense: 800.00
  • Parcel Number: 233091003
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 219.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 8276.00

Multi Family

  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 850.00
  • Net Operating Income: 25818.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5382.00
  • Rent Control: No
  • Total Expenses: 5382.00

Tax Info

  • Tax Census Tract: 316.01
  • Tax Lot: 1111
  • Tax Tract Number: 111111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2018
Closed on
Apr 18, 2018
Sold by
Betancourt Carlos and Betancourt Jenny
Bought by
Connor Barry Lee O and Welch Tina E
Seller's Agent
Oscar Duran
MARCO VIDAL, BROKER
Buyer's Agent
Fred O'Connor
MCINTOSH REAL ESTATE
List Price
$435,000
Sold Price
$435,000
Current Estimated Value
$713,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,124
Avg. Annual Appreciation
7.06%
Original Mortgage
$326,250
Outstanding Balance
$195,062
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$518,062

Purchase Details

Closed on
Oct 31, 2016
Sold by
Shelley Ronald Lynn
Bought by
Betancourt Carlos and Betancourt Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
4.03%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 3, 2006
Sold by
Shelley Ronald L
Bought by
Shelley Ronald Lynn
Source: Public Records

Range of Values:

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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
Connor Barry Lee O $435,000 Fidelity National Title Co
Betancourt Carlos $350,000 First American Title
Shelley Ronald Lynn -- None Available
Shelley Ronald L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connor Barry Lee O $326,250
Previous Owner Betancourt Carlos $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2018 05/29/18 Sold $435,000 0.0% $220 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
04/11/2018 04/11/18 For Sale $435,000 +24.3% $220 / Sq Ft
01/10/2017 01/10/17 Sold $350,000 0.0% $177 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
12/29/2016 12/29/16 For Sale $350,000 0.0% $177 / Sq Ft
10/28/2016 10/28/16 Pending -- -- --
09/17/2016 09/17/16 For Sale $350,000 -- $177 / 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 $5,399 $494,951 $85,335 $409,616
2023 $5,399 $475,733 $82,022 $393,711
2022 $5,277 $466,406 $80,414 $385,992
2021 $5,207 $457,262 $78,838 $378,424
2020 $5,168 $452,574 $78,030 $374,544
2019 $5,071 $443,700 $76,500 $367,200
2018 $4,076 $357,000 $102,000 $255,000
2017 $1,765 $150,146 $28,673 $121,473
2016 $1,655 $147,203 $28,111 $119,092
2015 $1,631 $144,994 $27,690 $117,304
2014 $1,615 $142,156 $27,149 $115,007
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18082332

California Regional Multiple Listing Service (CRMLS)

APN: 233-091-003