NOT LISTED FOR SALE

38939 Vineland St Cherry Valley, CA 92223

Estimated Value: $325,025 - $856,000

5 Beds
4 Baths
2,921 Sq Ft
$171/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $240,000 $82 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,903/month

3 Days on Market

Highlights

  • 0.59 Acre Lot
  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • Brookside Elementary School Rated 9+
  • No HOA
  • Living Room

About This Home

As of November 2020

This Cherry Valley duplex sits on a little over half an acre and is set back from the street, adding to its privacy. The first unit is a 3BR/2BA, second unit is a 2BR/1.5BA. Each unit has its own 2 car carport. New leech lines installed on septic Feb. 2020. There are long term tenants in place, this duplex is priced according to its condition. Property is need of many repairs and is being sold as-is. This is a rare and great opportunity for a cash investor looking for an upside potential.

Last Agent to Sell the Property

Escrow Joe

RE/MAX ADVANTAGE License #01332311 Listed on: 09/01/2020

RE/MAX ADVANTAGE

Last Buyer's Agent

ELIZABETH MIFFLETON

KELLER WILLIAMS REALTY License #01973075

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,368

Year Built

  • Built in 1962

Lot Details

  • 0.59 Acre Lot
  • 1 Common Wall
  • Rural Setting
  • Chain Link Fence
  • Level Lot

Home Design

  • Duplex
  • Major Repairs Completed
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 2,921 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Utility Room
  • Laundry Room
  • Mountain Views
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Conventional Septic

Listing and Financial Details

  • Legal Lot and Block 1 / 7
  • Tax Tract Number 438
  • Assessor Parcel Number 405120027

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,200
  • Fuel Expense $1,020
  • Insurance Expense $1,000
  • Trash Expense $264
  • Water Sewer Expense $264
  • Operating Expense $6,748
  • Gross Income $24,000
  • Net Operating Income $17,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,368

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 264.00
  • Zoning: R-A-1
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 405120027
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 82.16
  • Room Type: Kitchen, Living Room, Utility Room

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Trash Expense: 264.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 25700.00
  • Lot Size Acres: 0.5900

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 4200.00
  • Fuel Expense: 1020.00
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 25700.0000 Square Feet
  • Net Operating Income: 17252.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6748.00
  • Rent Control: No
  • Total Actual Rent: 2000.00
  • Total Expenses: 6748.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 438.11
  • Tax Lot: 1
  • Tax Tract Number: 438

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Sep 29, 2020
Sold by
Guerriero Carrie and Guerriero Family Revocable Liv
Bought by
Conant Kenneth and Conant Jennifer
Seller's Agent
Escrow Joe
RE/MAX ADVANTAGE
Buyer's Agent
ELIZABETH MIFFLETON
KELLER WILLIAMS REALTY
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$498,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,506
Avg. Annual Appreciation
15.78%
Original Mortgage
$269,900
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2011
Sold by
Guerriero Nathan and Guerriero Grace
Bought by
Guerriero Nathan D and Guerriero Family Revocable Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Conant Kenneth $240,000 Fidelity National Title
Guerriero Nathan D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Conant Kenneth $269,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $240,000 -4.0% $82 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $250,000 -- $86 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,368 $259,781 $81,181 $178,600
2023 $3,368 $249,696 $78,030 $171,666
2022 $3,316 $244,800 $76,500 $168,300
2021 $3,253 $240,000 $75,000 $165,000
2020 $1,062 $75,304 $9,471 $65,833
2019 $1,817 $73,829 $9,286 $64,543
2018 $1,808 $72,382 $9,104 $63,278
2017 $1,024 $70,964 $8,926 $62,038
2016 $1,546 $69,573 $8,751 $60,822
2015 $1,276 $68,529 $8,620 $59,909
2014 $1,317 $67,189 $8,452 $58,737
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV20178080

California Regional Multiple Listing Service (CRMLS)

APN: 405-120-027