NOT LISTED FOR SALE

36705 Cherry St Newark, CA 94560

Estimated Value: $1,273,000 - $1,466,000

5 Beds
4 Baths
2,500 Sq Ft
$545/Sq Ft Est. Value

Last Sold June 11, 2014

Last sale price $685,000 $274 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $8,225/month

64 Days on Market

About This Home

As of June 2014

Nice triplex in Newark CA. One completely remodeled unit with new flooring,countertops, bathroom. New paint on exterior. Shows very nicely. Great location close to 880 and easy access to the Silicon Valley.

Last Agent to Sell the Property

Eric Gunderson

Cornish & Carey Commercial License #01909218 Listed on: 03/25/2014

Last Buyer's Agent

Jack Jweinat

BHHS Drysdale Properties License #01807077

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,605

Year Built

  • 1952

Lot Details

  • 7,536

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $34,200
  • The owner pays for garbage, water

Community Details

Overview

  • 3 Units
  • 2,500 Sq Ft Building

Building Details

  • Gardener Expense $500
  • Insurance Expense $1,100
  • Maintenance Expense $1,000
  • Utility Expense $860
  • Trash Expense $1,000
  • Operating Expense $13,600
  • Gross Income $32,490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,605

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Triplex
  • Age: 62
  • Inspections Reports: Geological/Flood, Pest Control
  • Sale Price Per Sq Ft: 274.00
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2500
  • Stories: 2
  • Laundry: Gas Hookup, In Garage
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Off-Street Parking, Carport

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Newark Unified

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7515.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7515.00
  • Lot Size Area Min Search: 7515.00
  • Maximum Lot Size: 7515.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.41

Multi Family

  • Expense Insurance: 1100
  • Expense Landscape: 500
  • Expense Maintenance: 1000
  • Expenses Total: 13600
  • Expenses Utility: 860
  • Expense Trash: 1000
  • Expense Water Sewer: 500
  • Income Annual Gross: 32490.00
  • Income Annual Rental: 34200
  • Income Gross Scheduled: 34200
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 1710
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2014
Closed on
Jun 9, 2014
Sold by
The Donna M Perez Trust
Bought by
Sakhizada Zemarai and Sakhizada Shukria
Seller's Agent
Eric Gunderson
Cornish & Carey Commercial
Buyer's Agent
Jack Jweinat
BHHS Drysdale Properties
List Price
$720,000
Sold Price
$685,000
Premium/Discount to List
-$35,000
-4.86%
Current Estimated Value
$1,363,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$678,650
Avg. Annual Appreciation
6.28%

Purchase Details

Closed on
Feb 28, 2000
Sold by
Perez Donna M
Bought by
The Donna M Perez Trust
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
Sakhizada Zemarai $685,000 Old Republic Title Company
The Donna M Perez Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2014 06/11/14 Sold $685,000 -4.9% $274 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $720,000 -- $288 / Sq Ft
Source: MLSListings

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 $11,605 $851,517 $367,743 $483,774
2024 $11,605 $834,824 $360,534 $474,290
2023 $11,252 $818,458 $353,466 $464,992
2022 $11,058 $802,412 $346,536 $455,876
2021 $10,805 $786,685 $339,744 $446,941
2020 $10,492 $778,620 $336,261 $442,359
2019 $10,352 $763,358 $329,670 $433,688
2018 $10,187 $748,395 $323,208 $425,187
2017 $9,927 $733,724 $316,872 $416,852
2016 $9,697 $709,338 $310,659 $398,679
2015 $9,661 $698,686 $305,994 $392,692
2014 $2,185 $80,203 $33,801 $46,402
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81409509

MLSListings

APN: 092-0029-004-02