NOT LISTED FOR SALE

Estimated Value: $1,538,000 - $5,082,387

8 Beds
5 Baths
3,540 Sq Ft
$848/Sq Ft Est. Value

Last Sold December 10, 2019

Last sale price $1,533,333 $433 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $17,679/month

2 Days on Market

Highlights

  • 0.29 Acre Lot
  • Glenmoor Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of December 2019

37506 Wilburn place offers an outstanding unit mix consisting of a single one-bedroom unit, two two-bedroom/one-bath units and a single three-bedroom/two-bath unit. Wilburn Place is a quiet cul-de-sac within Fremont's desirable Centerville neighborhood. The building is situated on approximately quarter-acre lots. Residents of Wilburn Place have access to amenities such as individual car ports, onsite laundry rooms, and additional street parking. Additionally, the property feature a large terrace area for residents to enjoy. Investors, potential buyers, and residents will quickly realize the value of the fourplex excellent central location relative to the Bay Area and Silicon Valley. The subject properties are located in close proximity to the 880 freeway as well as being in very close proximity to mass transit options such as the Fremont Amtrak Train Station (> 1 mile away), Fremont BART station (> 3 miles away), and Warm Springs/South Fremont BART station (>8 miles away).

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 08/26/2019

Co-Listed By

Chris Saiz

Marcus & Millichap License #01850380

Last Buyer's Agent

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 08/26/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,614

Year Built

  • 1964

Lot Details

  • 0.29 Acre Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,540 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Total Actual Rent $81,180
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $498
  • Insurance Expense $1,865
  • Maintenance Expense $3,000
  • Manager Expense $3,876
  • Other Expense $3,958
  • Utility Expense $5,446
  • Trash Expense $1,130
  • Operating Expense $39,846
  • Gross Income $81,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,614

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: RG19
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3540
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3540
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Carport, On Street
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.2888
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12582.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12582.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 19.34
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1865
  • Expense Landscape: 498
  • Expense Maintenance: 3000
  • Expense Management: 3876
  • Expenses Other: 3958
  • Expenses Total: 39846
  • Expenses Utility: 5446
  • Expense Trash: 1130
  • Income Annual Gross: 81180.00
  • Income Annual Rental: 81180
  • Income Gross Scheduled: 81180
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2020
Sold by
875 Woodside Llc
Bought by
37506 Wilburn Place Llc
Current Estimated Value
$3,002,462

Purchase Details

Listed on
Aug 26, 2019
Closed on
Dec 3, 2019
Sold by
Brenzel James R
Bought by
875 Woodside Llc
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Robert Johnston
Marcus & Millichap
List Price
$1,570,000
Sold Price
$1,533,333
Premium/Discount to List
-$36,667
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.11%
Original Mortgage
$1,073,100
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2013
Sold by
Brenzel James R and Brenzel Mical A
Bought by
Propert Brenzel James R

Purchase Details

Closed on
Jan 16, 2002
Sold by
Brenzel James R
Bought by
Brenzel James R and Brenzel Mical A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.11%

Purchase Details

Closed on
Sep 17, 1998
Sold by
Brenzel Mical A
Bought by
Brenzel James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.88%

Purchase Details

Closed on
Jan 10, 1994
Sold by
Brenzel James R
Bought by
Brenzel James R and Brenzel Mical A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,200
Interest Rate
7.16%
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
37506 Wilburn Place Llc $3,300,000 First American Title Company
875 Woodside Llc $1,533,000 First American Title Company
Propert Brenzel James R -- None Available
Brenzel James R -- Old Republic Title Company
Brenzel James R -- North American Title Co
Brenzel James R -- Old Republic Title Menlo Par
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 875 Woodside Llc $1,073,100
Previous Owner Brenzel James R $240,000
Previous Owner Brenzel James R $65,000
Previous Owner Brenzel James R $192,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2019 12/10/19 Sold $1,533,333 -2.3% $433 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/26/2019 08/26/19 For Sale $1,570,000 -- $444 / 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 $22,614 $1,804,488 $574,155 $1,230,333
2024 $22,614 $1,769,112 $562,899 $1,206,213
2023 $21,970 $1,734,430 $551,864 $1,182,566
2022 $21,639 $1,700,424 $541,044 $1,159,380
2021 $21,140 $1,667,094 $530,439 $1,136,655
2020 $19,649 $1,533,000 $525,000 $1,008,000
2019 $5,362 $306,609 $221,530 $85,079
2018 $5,213 $300,598 $217,187 $83,411
2017 $5,079 $294,704 $212,929 $81,775
2016 $4,968 $288,927 $208,755 $80,172
2015 $4,898 $284,587 $205,619 $78,968
2014 $4,801 $279,013 $201,592 $77,421
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81766088

MLSListings

APN: 501-0551-024-00