NOT LISTED FOR SALE

Estimated Value: $1,572,000 - $2,494,871

8 Beds
5 Baths
3,540 Sq Ft
$600/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $1,650,000 $466 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $13,056/month

13 Days on Market

About This Home

As of March 2020

37543 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. The subject property is in a quiet cul-de-sac within Fremonts desirable Centerville neighborhood. Residents of Wilburn Place have access to amenities such as individual carports, onsite laundry rooms and additional street parking. Additionally, the property features a large terrace area for residents to enjoy. Fremont is home to many employers including Facebook, Tesla Motors, Thermo Fischer Scientific, Lam Research, Hewlett-Packard, Kaiser Permanente, Washington Hospital and Western Digital. Residents will find no shortage of shopping destinations with Class A retail hubs such as Pacific Commons, The Fremont Hub and the newly renovated Newpark Mall in neighboring Newark all within a convenient distance from the subject properties.

Last Agent to Sell the Property

Adam Levin

Marcus & Millichap License #01462752 Listed on: 01/17/2020

Co-Listed By

Robert Johnston

Marcus & Millichap License #01853816

Last Buyer's Agent

Sophie Shen

SV Capital Group Inc. License #01837259

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,614

Year Built

  • 1964

Lot Details

  • 10,001 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $100,860
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $4,200
  • Insurance Expense $1,741
  • Maintenance Expense $2,000
  • Other Expense $449
  • Utility Expense $5,800
  • Operating Expense $35,762
  • Gross Income $97,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,614

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R3-23
  • 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: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.2296
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10001.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10001.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.84
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1741
  • Expense Landscape: 4200
  • Expense Maintenance: 2000
  • Expenses Other: 449
  • Expenses Total: 35762
  • Expenses Utility: 5800
  • Income Annual Gross: 97834.00
  • Income Annual Rental: 100860
  • Income Gross Scheduled: 100860
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Contract Services, Fee - Property Tax, Insurance, Maintenance - Repair, Utilities
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2020
Closed on
Feb 25, 2020
Sold by
875 Woodside Llc
Bought by
Muthuramalingam Shanmugam and Venkateswaran Sumathi
Seller's Agent
Adam Levin
Marcus & Millichap
Buyer's Agent
Sophie Shen
SV Capital Group Inc.
List Price
$1,698,000
Sold Price
$1,650,000
Premium/Discount to List
-$48,000
-2.83%
Current Estimated Value
$2,123,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,718
Avg. Annual Appreciation
4.56%
Original Mortgage
$990,000
Outstanding Balance
$876,786
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,246,932

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
Adam Levin
Marcus & Millichap
List Price
$1,575,000
Sold Price
$1,539,000
Premium/Discount to List
-$36,000
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.36%
Original Mortgage
$1,077,300
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
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
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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
Muthuramalingam Shanmugam $1,650,000 First American Title Company
875 Woodside Llc $1,539,000 First American Title Company
Propert Brenzel James R -- None Available
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
Open Muthuramalingam Shanmugam $990,000
Previous Owner 875 Woodside Llc $1,077,300
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 Prior Sale
03/02/2020 03/02/20 Sold $1,650,000 -2.8% $466 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $1,698,000 +10.3% $480 / Sq Ft
12/10/2019 12/10/19 Sold $1,539,000 -2.3% $435 / Sq Ft View Prior Sale
08/29/2019 08/29/19 Pending -- -- --
08/26/2019 08/26/19 For Sale $1,575,000 -- $445 / 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 $541,346 $1,263,142
2024 $22,614 $1,769,113 $530,734 $1,238,379
2023 $21,970 $1,734,430 $520,329 $1,214,101
2022 $21,639 $1,700,423 $510,127 $1,190,296
2021 $21,140 $1,667,093 $500,128 $1,166,965
2020 $19,718 $1,539,000 $500,000 $1,039,000
2019 $6,416 $399,314 $308,308 $91,006
2018 $6,277 $391,486 $302,264 $89,222
2017 $6,116 $383,811 $296,338 $87,473
2016 $5,990 $376,286 $290,528 $85,758
2015 $5,908 $370,635 $286,165 $84,470
2014 $5,795 $363,377 $280,561 $82,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81779497

MLSListings

APN: 501-0551-020-00