NOT LISTED FOR SALE

37023 Locust St Newark, CA 94560

Estimated Value: $1,080,000 - $1,353,000

5 Beds
2 Baths
1,770 Sq Ft
$686/Sq Ft Est. Value

Last Sold October 19, 2015

Last sale price $658,000 $372 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $7,452/month

47 Days on Market

About This Home

As of October 2015

The units will be open for viewing this Sunday 9/13 form 11-3PM.

Last Agent to Sell the Property

Tram Bui

Foothill Estates License #01346877 Listed on: 08/02/2015

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,859

Year Built

  • 1963

Lot Details

  • 5,009

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,770 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $35,400
  • 6 to 10 Year Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Operating Expense $9,832
  • Gross Income $36,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,859

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Age: 52
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1770
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 1770
  • Stories: 2

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, On Street

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Newark Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 6-10 Years Lease, Month To Month
  • Gross Rent Multiplier: 17.83
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Maintenance: 2000
  • Expenses Total: 9832
  • Income Annual Gross: 36400.00
  • Income Annual Rental: 35400
  • Income Gross Scheduled: 36400
  • Income Includes: Rents
  • Income Other: 1000
  • Meters: Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Loan - Principle & Interest, Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2017
Sold by
Wu Justin and Wu Emory Lee
Bought by
Zhou Jiehui and Cheng Xin
Current Estimated Value
$1,214,463

Purchase Details

Listed on
Aug 2, 2015
Closed on
Oct 13, 2015
Sold by
Sandoval Patricia and Patricia Sandoval Living Trust
Bought by
Wu Justin and Wu Emory Lee
Seller's Agent
Tram Bui
Foothill Estates
Buyer's Agent
RECIP
Out of Area Office
List Price
$649,000
Sold Price
$658,000
Premium/Discount to List
$9,000
1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%
Original Mortgage
$526,400
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2005
Sold by
Sandoval Patricia
Bought by
Patricia Sandoval Living Trust

Purchase Details

Closed on
Oct 31, 2003
Sold by
Rodriguez Fortino and Rodriguez Theresa S
Bought by
Sandoval Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1998
Sold by
Joshi Ramesh L and Joshi Sudha R
Bought by
Rodriguez Fortino and Rodriguez Theresa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.66%

Purchase Details

Closed on
Jun 1, 1995
Sold by
Joshi Ramesh L and Joshi Sudha R
Bought by
Joshi Ramesh L and Joshi Sudha R
Source: Public Records

Range of Values:

Collateral Analytics

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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
Zhou Jiehui $805,000 First American Title Company
Wu Justin $658,000 Old Republic Title Company
Patricia Sandoval Living Trust -- --
Sandoval Patricia $485,000 Alliance Title Company
Rodriguez Fortino $250,000 Commonwealth Land Title Co
Joshi Ramesh L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wu Justin $526,400
Previous Owner Sandoval Patricia $388,000
Previous Owner Rodriguez Fortino $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2015 10/19/15 Sold $658,000 +1.4% $372 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
08/02/2015 08/02/15 For Sale $649,000 -- $367 / 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 $11,859 $934,250 $301,745 $632,505
2024 $11,859 $915,936 $295,830 $620,106
2023 $11,528 $897,977 $290,030 $607,947
2022 $11,368 $880,371 $284,343 $596,028
2021 $11,100 $863,112 $278,769 $584,343
2020 $10,890 $854,266 $275,912 $578,354
2019 $10,737 $837,522 $270,504 $567,018
2018 $10,576 $821,100 $265,200 $555,900
2017 $8,739 $671,160 $244,800 $426,360
2016 $8,648 $658,000 $240,000 $418,000
2015 $7,640 $573,734 $172,120 $401,614
2014 $6,634 $495,000 $148,500 $346,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tram Bui

    Foothill Estates

    (510) 673-3924

    6 Total Sales

    Tram Bui
    Section Image

  • R

    Buyer's Agent in 2015

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81498243

MLSListings

APN: 092-0125-002-03

California Alameda County Newark 94560

37023 Locust St, Newark, CA

This home is located at 37023 Locust St, Newark, CA 94560 since 02 August 2015 and is currently estimated at $1,214,463, approximately $686 per square foot. This property was built in 1963. 37023 Locust St is a home located in Alameda County with nearby schools including August Schilling Elementary School, Newark Junior High School, and Newark Memorial High School.

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