NOT LISTED FOR SALE

37451 Cherry St Newark, CA 94560

Estimated Value: $1,598,000 - $1,899,000

8 Beds
4 Baths
3,368 Sq Ft
$515/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $1,725,000 $512 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,071/month

35 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Wall Furnace

About This Home

As of July 2024

Four units on large 9k+ lot, large two bedroom one bath units, all units clean and updated. Strong current rental income. Units downstairs have large private yards, unit upstairs have nice balconies. Long term owner who has taken care of building and has great tenants.

Last Agent to Sell the Property

Scott Kilpatrick

Compass License #01271912 Listed on: 05/30/2024

Compass

Last Buyer's Agent

Chee Lee

Re/Max Accord License #01361559

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,607

Year Built

  • 1966

Lot Details

  • 9,322 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,368 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Unassigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $110,400
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $4,000
  • Maintenance Expense $2,000
  • Utility Expense $1,800
  • Operating Expense $31,093
  • Gross Income $111,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,607

Year Built

1966

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Fourplex
  • Age: 58
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3368
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Living Sq Ft: 3368
  • Stories: 2
  • Flooring: Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Unassigned Spaces
  • Carport Min: 4

Utilities

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

Schools

  • School District: Newark Unified
  • Elementary School: Birch Grove Intermediate
  • Middle School: Newark Junior High
  • High School: Newark Memorial High
  • High School: 27017
  • Elementary School: 38050
  • Middle School: 27035

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2140
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9322.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9322.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 15.96
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 4000
  • Expense Landscape: 1800
  • Expense Maintenance: 2000
  • Expenses Total: 31093
  • Expenses Utility: 1800
  • Income Annual Gross: 111360.00
  • Income Annual Rental: 110400
  • Income Gross Scheduled: 111360
  • Income Includes: Laundry, Rents
  • Income Other: 960
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Capital Improvements, Services - Gardener, Services - Trash Removal, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 5, 2024
Sold by
Ascension Trust and Troche Danita
Bought by
Wang Songtao and Li Jia
Seller's Agent
Scott Kilpatrick
Compass
Buyer's Agent
Chee Lee
Re/Max Accord
List Price
$1,850,000
Sold Price
$1,725,000
Premium/Discount to List
-$125,000
-6.76%
Views
16
Current Estimated Value
$1,735,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,779
Avg. Annual Appreciation
0.48%

Purchase Details

Closed on
Sep 8, 2023
Sold by
Troche Danita A
Bought by
Ascension Trust and Troche

Purchase Details

Closed on
Nov 15, 2011
Sold by
Troche Danita and Polvorosa Julian P
Bought by
Troche Danita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2007
Sold by
Polvorosa Julian and Polvorosa Isabel
Bought by
Polvorosa Julian P and Polvorosa Isabel G

Purchase Details

Closed on
Jan 23, 2007
Sold by
Troche Danita and Polvorosa Julian
Bought by
Troche Danita and Polvorosa Julian

Purchase Details

Closed on
Aug 2, 2001
Sold by
Epley Gerald G and Epley Jean E
Bought by
Troche Danita and Polvorosa Julian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
7.74%

Purchase Details

Closed on
Sep 23, 1998
Sold by
Epley Gerald G and Epley J E
Bought by
Epley Gerald G and Epley Jean E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.79%
Source: Public Records

Range of Values:

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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
Wang Songtao $1,725,000 First American Title
Ascension Trust -- None Listed On Document
Troche Danita $210,000 Chicago Title Company
Polvorosa Julian P -- None Available
Troche Danita -- None Available
Troche Danita $600,000 American Title Co
Epley Gerald G -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Troche Danita $420,000
Previous Owner Troche Danita $412,000
Previous Owner Epley Gerald G $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2024 07/11/24 Sold $1,725,000 -2.9% $512 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/19/2024 06/19/24 Price Changed $1,777,000 -3.9% $528 / Sq Ft
05/30/2024 05/30/24 For Sale $1,850,000 -- $549 / 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 $11,607 $1,725,000 $517,500 $1,207,500
2024 $11,607 $788,490 $236,547 $551,943
2023 $11,233 $773,033 $231,910 $541,123
2022 $11,011 $757,875 $227,362 $530,513
2021 $10,776 $743,018 $222,905 $520,113
2020 $10,360 $735,403 $220,621 $514,782
2019 $10,226 $720,987 $216,296 $504,691
2018 $10,058 $706,854 $212,056 $494,798
2017 $9,799 $692,998 $207,899 $485,099
2016 $9,681 $679,412 $203,823 $475,589
2015 $9,642 $669,210 $200,763 $468,447
2014 $9,389 $656,104 $196,831 $459,273
Source: Public Records

Agents Affiliated with this Home

  • Scott Kilpatrick

    Seller's Agent in 2024

    Scott Kilpatrick

    Compass

    (650) 868-0738

    1 in this area

    20 Total Sales

    Scott Kilpatrick
    Section Image

  • C

    Buyer's Agent in 2024

    Chee Lee

    Re/Max Accord

See All Agents

Map

Source: MLSListings

MLS Number: ML81967617

MLSListings

APN: 092-0075-002-06

California Alameda County Newark 94560

37451 Cherry St, Newark, CA

This home is located at 37451 Cherry St, Newark, CA 94560 since 30 May 2024 and is currently estimated at $1,735,779, approximately $515 per square foot. This property was built in 1966. 37451 Cherry St is a home located in Alameda County with nearby schools including Birch Grove Intermediate School, Newark Junior High School, and Newark Memorial High School.

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