NOT LISTED FOR SALE

37037 Locust St Newark, CA 94560

Newark Area

Estimated Value: $658,000 - $905,000

4 Beds
3 Baths
1,851 Sq Ft
$422/Sq Ft Est. Value

Sale Details

Date Sold: January 30, 2015

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

Est. 54% increase in value since last sale

Current estimated payment $4,916 / mo

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

6,273 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2020
Sold by
Bought by
Current Estimated Value
$781,500

Purchase Details

Listed on
Dec 10, 2014
Closed on
Jan 21, 2015
Sold by
Bought by
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
3.82%

Purchase Details

Closed on
Feb 18, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 2004
Sold by
Bought by

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
0.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 12, 2002
Sold by
Bought by

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
0.0651%

Purchase Details

Closed on
May 29, 1998
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$508,000 First American Title Company
$556,025 First American Title Ins Co
$470,000 Ticor Title Company Of Ca
-- --
-- Fidelity National Title Ins
-- Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $515,000
Previous Owner $423,000
Previous Owner $116,280
Previous Owner $120,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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