NOT LISTED FOR SALE

Estimated Value: $671,000 - $861,336

4 Beds
4 Baths
2,640 Sq Ft
$300/Sq Ft Est. Value

Last Sold July 16, 2013

Last sale price $375,000 $142 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $4,976/month

41 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • Level Lot
  • Tile Flooring

About This Home

As of July 2013

***EXCELLENT INVESTMENT OPPORTUNITY***2 LARGE UNITS***LIVE IN ONE RENT THE OTHER***2 LARGE BEDROOMS/2 FULL BATHS/1 CAR parking space PER UNIT + 2 LARGE BEDROOMS/2 FULL BATHS/1 CAR parking Space***NEWER ROOF*** BACK YARD ***SOME LIGHT REMODELING DONE ***

Last Agent to Sell the Property

Jose Romero

Plaza Real Estate License #01208961 Listed on: 05/10/2013

Last Buyer's Agent

Steve Belluomini

Corcoran Icon Properties License #00818204

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,035

Year Built

  • 1960

Lot Details

  • 3,485

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Flooring

  • Carpet
  • Tile

Parking

  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Deck
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $33,000
  • The owner pays for garbage, water
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,640 Sq Ft Building

Building Details

  • Insurance Expense $1,200
  • Trash Expense $1,080
  • Operating Expense $8,928
  • Gross Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,035

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 53
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 142.05
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2640
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Refrigerator
  • Living Sq Ft: 2640
  • Stories: 2
  • Laundry: 220 Volt Outlet, Gas Hookup
  • Flooring: Carpet - Area, Tile, Carpet

Exterior Features

  • Roof: Shingle, Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Uncovered Parking, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace, Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Oakland Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 3500.00
  • Lot Size Area Min Search: 3500.00
  • Maximum Lot Size: 3500.00

Rental Info

  • Existing Lease Term(s): Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 11.18

Multi Family

  • Expense Insurance: 1200
  • Expenses Total: 8928
  • Expense Trash: 1080
  • Expense Water Sewer: 2640
  • Income Annual Gross: 33000.00
  • Income Annual Rental: 33000
  • Income Gross Scheduled: 33000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Insurance
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2013
Closed on
Jun 21, 2013
Sold by
Correa Carlos G and Correa Maria
Bought by
Cheng Kwokming James and Cheng Greta Carmen
Seller's Agent
Jose Romero
Plaza Real Estate
Buyer's Agent
Steve Belluomini
Corcoran Icon Properties
List Price
$369,000
Sold Price
$375,000
Premium/Discount to List
$6,000
1.63%
Current Estimated Value
$791,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,834
Avg. Annual Appreciation
6.35%
Original Mortgage
$281,250
Outstanding Balance
$204,046
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$587,788

Purchase Details

Closed on
Mar 28, 2011
Sold by
Correa Carlos G
Bought by
Correa Carlos G and Correa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2003
Sold by
Correa Carlos G and Correa Carmen M
Bought by
Correa Carlos G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 21, 2003
Sold by
Correa Maria
Bought by
Correa Carlos G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.97%
Mortgage Type
Credit Line Revolving
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
Cheng Kwokming James $375,000 Chicago Title Company
Correa Carlos G -- Old Republic Title Company
Correa Carlos G -- Commonwealth Land Title
Correa Carlos G -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Kwokming James $281,250
Previous Owner Correa Carlos G $75,000
Previous Owner Correa Carlos G $60,000
Previous Owner Correa Carlos G $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2013 07/16/13 Sold $375,000 +1.6% $142 / Sq Ft
06/20/2013 06/20/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $369,000 -- $140 / 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 $8,035 $459,678 $137,903 $321,775
2024 $8,035 $450,667 $135,200 $315,467
2023 $8,349 $441,831 $132,549 $309,282
2022 $8,032 $433,170 $129,951 $303,219
2021 $7,559 $424,680 $127,404 $297,276
2020 $7,474 $420,325 $126,097 $294,228
2019 $7,116 $412,087 $123,626 $288,461
2018 $6,970 $404,010 $121,203 $282,807
2017 $6,672 $396,090 $118,827 $277,263
2016 $6,428 $388,323 $116,497 $271,826
2015 $6,392 $382,491 $114,747 $267,744
2014 $6,879 $375,000 $112,500 $262,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81316002

MLSListings

APN: 032-2063-016-00