NOT LISTED FOR SALE

36715 Cherry St Newark, CA 94560

Estimated Value: $1,243,000 - $1,688,000

7 Beds
3 Baths
2,628 Sq Ft
$564/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $1,110,000 $422 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,065/month

21 Days on Market

Highlights

  • Double Pane Windows
  • Fenced
  • Back Yard
  • Tile Flooring
  • Level Lot
  • 1-Story Property

About This Home

As of October 2019

TRIPLEX 1 HOUSE (REAR OF LOT) 3 BED 1 BATH 1047 SQ FT WITH BACKYARD, DUPLEX (2) 2 BED 1 BATH 880 SQ FT UNITS FRONTS CHERRY STREET WITH FRONT AND SIDE YARD. HOUSE IS RENTED. bOTH SIDES OF DUPLEX ARE VACANT

Last Agent to Sell the Property

Harry Schaedler

Your View Realty License #01222746 Listed on: 09/04/2019

Last Buyer's Agent

Maya Hsu

Keller Williams Thrive License #01271868

Keller Williams Thrive

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 9,901 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinkler System
  • Back Yard

Home Design

  • Triplex
  • Raised Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,628 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Covered Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $31,200

Community Details

Overview

  • 2,628 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $960
  • Insurance Expense $1,496
  • Manager Expense $2,184
  • Operating Expense $7,153
  • Gross Income $28,080

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: TRIPLEX
  • Subclass: Triplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2628
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Oven - Electric
  • Living Sq Ft: 2628
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space, Raised
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2273
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9900.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 41.63
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas
  • Expense Insurance: 1496
  • Expense Landscape: 960
  • Expense Management: 2184
  • Expenses Total: 7153
  • Income Annual Gross: 28080.00
  • Income Annual Rental: 31200
  • Income Gross Scheduled: 31200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2019
Closed on
Oct 14, 2019
Sold by
Cain Kathryn E and Ayala Sam L
Bought by
Chen Raymond and Lai Hoi Ying Bonnie
Seller's Agent
Harry Schaedler
Your View Realty
Buyer's Agent
Maya Hsu
Keller Williams Thrive
List Price
$1,299,000
Sold Price
$1,110,000
Premium/Discount to List
-$189,000
-14.55%
Current Estimated Value
$1,483,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,326
Avg. Annual Appreciation
4.76%

Purchase Details

Closed on
Jan 19, 1998
Sold by
Ayala Sam L and Ayala Irma B
Bought by
Ayala Sam L and Ayala Irma B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Raymond $1,110,000 Chicago Title Company
Ayala Sam L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2019 10/17/19 Sold $1,110,000 -14.5% $422 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
09/25/2019 09/25/19 For Sale $1,299,000 0.0% $494 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
09/04/2019 09/04/19 For Sale $1,299,000 -- $494 / 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 $15,704 $1,213,929 $546,815 $667,114
2024 $15,704 $1,190,130 $536,095 $654,035
2023 $15,253 $1,166,798 $525,585 $641,213
2022 $15,026 $1,143,921 $515,280 $628,641
2021 $14,670 $1,121,499 $505,180 $616,319
2020 $14,355 $1,110,000 $500,000 $610,000
2019 $2,570 $98,900 $38,683 $60,217
2018 $2,513 $96,962 $37,925 $59,037
2017 $2,446 $95,060 $37,181 $57,879
2016 $2,387 $93,196 $36,452 $56,744
2015 $2,374 $91,796 $35,904 $55,892
2014 $2,302 $89,998 $35,201 $54,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81767146

MLSListings

APN: 092-0029-005-00