NOT LISTED FOR SALE

37037 Locust St Newark, CA 94560

Estimated Value: $677,000 - $1,117,000

4 Beds
3 Baths
1,851 Sq Ft
$485/Sq Ft Est. Value

Last Sold January 30, 2015

Last sale price $508,000 $274 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,412/month

33 Days on Market

Highlights

  • Balcony
  • Bungalow
  • Ceiling Fan
  • 2 Car Detached Garage
  • Tile Flooring
  • Washer and Dryer

About This Home

As of January 2015

Great investment opportunity in this Newark triplex!! Fannie Mae owned. Live in one and rent the other two! One 2-bdrm unit and two 1-bdrm units. Laminate/tile floors, double pane windows, 2-car garage/1 carport, backyard. Needs TLC. Unit B is a burned unit. Close to Dumbarton Bridge/Hwy 880.

Last Agent to Sell the Property

Rowena Frick

Excel Realty & Mortgage Inc License #01521447 Listed on: 12/10/2014

Last Buyer's Agent

Dietrich Brandt

Dietrich Realty License #01873762

Property Details

Home Type

  • Multi-Family

Year Built

  • 1917

Lot Details

  • 6,273 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Detached Garage
  • 1 Carport Space

Home Design

  • Triplex
  • Bungalow
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,851 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer

Flooring

  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $19,200

Community Details

Overview

  • 1,851 Sq Ft Building

Building Details

  • Maintenance Expense $4,681
  • Utility Expense $1,000
  • Operating Expense $10,750
  • Gross Income $17,280

Property Details

Home Type

Multi-Family

Year Built

1917

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Triplex
  • Style: Bungalow
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1851
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1917

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 1851
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Carport, Detached Garage
  • Carport Min: 1

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1440
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6250.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 20.83

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Maintenance: 4681
  • Expenses Total: 10750
  • Expenses Utility: 1000
  • Income Annual Gross: 17280.00
  • Income Annual Rental: 19200
  • Income Gross Scheduled: 19200
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Vacancy Factor
  • Tenant Expenses: Maintenance, Services - Sewer, Services - Trash Removal
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2020
Sold by
Mehdizadeh Molouk
Bought by
Mehdizadeh Molouk and Faramarzi Mohanmed Reza
Current Estimated Value
$897,000

Purchase Details

Listed on
Dec 10, 2014
Closed on
Jan 21, 2015
Sold by
Fannie Mae
Bought by
Mehdizadeh Molouk
Seller's Agent
Rowena Frick
Excel Realty & Mortgage Inc
Buyer's Agent
Dietrich Brandt
Dietrich Realty
List Price
$399,900
Sold Price
$508,000
Premium/Discount to List
$108,100
27.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%

Purchase Details

Closed on
Feb 18, 2011
Sold by
Barraza Nancy A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 25, 2004
Sold by
Rogoff Betty E and Rogoff Family 1998 Trust
Bought by
Barraza Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2003
Sold by
Rogoff Betty E
Bought by
Rogoff Betty E and Rogoff Family 1998 Trust

Purchase Details

Closed on
Aug 12, 2002
Sold by
Rogoff Barry A and Rogoff Betty E
Bought by
Rogoff Barry A and Rogoff Betty E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,280
Interest Rate
6.51%

Purchase Details

Closed on
May 29, 1998
Sold by
Rogoff Betty E
Bought by
Rogoff Barry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.1%
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
Mehdizadeh Molouk -- None Available
Mehdizadeh Molouk $508,000 First American Title Company
Federal National Mortgage Association $556,025 First American Title Ins Co
Barraza Nancy A $470,000 Ticor Title Company Of Ca
Rogoff Betty E -- --
Rogoff Barry A -- Fidelity National Title Ins
Rogoff Barry A -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barraza Nancy A $423,000
Previous Owner Rogoff Barry A $116,280
Previous Owner Rogoff Barry A $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2015 01/30/15 Sold $508,000 +27.0% $274 / Sq Ft
01/12/2015 01/12/15 Pending -- -- --
12/10/2014 12/10/14 For Sale $399,900 -- $216 / 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 $9,216 $681,545 $300,452 $381,093
2024 $9,216 $668,184 $294,562 $373,622
2023 $8,941 $655,084 $288,787 $366,297
2022 $8,793 $642,240 $283,125 $359,115
2021 $8,581 $629,650 $277,575 $352,075
2020 $8,371 $623,196 $274,730 $348,466
2019 $8,258 $610,981 $269,345 $341,636
2018 $8,128 $599,004 $264,065 $334,939
2017 $7,922 $587,258 $258,887 $328,371
2016 $7,121 $515,746 $253,812 $261,934
2015 $5,221 $351,780 $105,534 $246,246
2014 $5,069 $344,888 $103,466 $241,422
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rowena Frick

    Excel Realty & Mortgage Inc

  • Dietrich Brandt

    Buyer's Agent in 2015

    Dietrich Brandt

    Dietrich Realty

    (831) 227-0471

    Dietrich Brandt
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Map

Source: MLSListings

MLS Number: ML81444701

MLSListings

APN: 092-0125-006-00

California Alameda County Newark 94560

37037 Locust St, Newark, CA

Not Listed for Sale

MultiFamily

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