NOT LISTED FOR SALE

3987 E State Hwy 20 Nice, CA 95464

Estimated Value: $818,876

5 Beds
4 Baths
4,200 Sq Ft
$195/Sq Ft Est. Value

Last Sold November 20, 2015

Last sale price $487,300 $116 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,978/month

103 Days on Market

Highlights

  • Beach Front
  • 0.8 Acre Lot
  • No HOA
  • Lake View
  • Wood Burning Stove
  • Cottage

About This Home

As of November 2015

This is a MONEY MAKER! Fully occupied and well maintained! This property consists of 8 units total;including five 2bd/1ba cottages, one 1bd/1ba cottage, a fully remodeled 1010 sq.ft 2bd/1ba main house (could be owners unit) and a studio apartment below main house.....plus coin operated laundry facility. All units on separate meters.The property is .8 acres with 78' of lakefront on the shores of Clearlake. Property is on sewer with water provided by private well. All cottages have new roofs, paint, flooring and plumbing fixtures.Owner/contractor has made many improvements over the last few years. This Lakefront property is located directly next to Worldmark timeshare resort. Clearlake is a very popular Northern California outdoor recreational destination with great fishing, hiking, biking, and boating. Just 2 hours north of the San Francisco Bay Area, Clearlake benefits from the robust Bay Area economy and is becoming a very attractive investment alternative for Bay Area Investors. Current gross monthly revenue $5,775 per month. .

Last Agent to Sell the Property

Jackie Shipley

Realty 360 License #00888716 Listed on: 08/03/2015

Realty 360

Last Buyer's Agent

Jackie Shipley

Realty 360 License #00888716 Listed on: 08/03/2015

Realty 360

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,595

Year Built

  • Built in 1947

Lot Details

  • 0.8 Acre Lot
  • Beach Front
  • Lake Front
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Garden
  • Density is 6-10 Units/Acre

Property Views

  • Lake
  • Mountain
  • Hills

Home Design

  • Cottage
  • Split Level Home
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,200 Sq Ft Home
  • Wood Burning Stove
  • Blinds
  • Living Room with Fireplace
  • Electric Cooktop

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 24 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Well

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 0321822100

Community Details

Overview

  • No Home Owners Association
  • 8 Buildings
  • 8 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 10 Separate Electric Meters
  • Electric Expense $500
  • Insurance Expense $3,500
  • Maintenance Expense $2,400
  • Pest Control $1,400
  • Professional Management Expense $5,160
  • Trash Expense $1,360
  • Water Sewer Expense $1,245
  • New Taxes Expense $6,000
  • Gross Income $5,375
  • Net Operating Income $47,135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,595

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 8.50
  • Professional Management Expense: 5160.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1245.00
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 0321822100
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room, Wood Stove Insert
  • Levels: Multi/Split
  • Price Per Square Foot: 116.02
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab, Raised
  • View: Hills, Lake, Mountain(s)
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Heating Type: Electric
  • Laundry Features: Community, Dryer Included, Washer Included
  • Pest Control Expense: 1400.00
  • Trash Expense: 1360.00
  • Water Source: Well
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Lot Features: 6-10 Units/Acre, Garden
  • Lot Size Sq Ft: 35023.00
  • Price Per Lot Square Foot: 13.91
  • Lot Size Acres: 0.8040

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 410
  • Average2 Bed Area: 1010
  • Average Studio Area: 220
  • Electric Expense: 500.00
  • Gross Income: 5375.00
  • Gross Scheduled Income: 69300.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 35023.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 47135.00
  • Number Of Separate Electric Meters: 10
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number Wall A C: 8
  • Number With Disposal: 1
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 22165.00
  • Other Income Description: $400 Laundry income
  • Rent Control: No
  • Total Actual Rent: 5375.00
  • Waterfront Features: Beach Front, Lake Front

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2017
Sold by
Gerhardt John D
Bought by
Gerhardt John D
Current Estimated Value
$818,876

Purchase Details

Listed on
Aug 3, 2015
Closed on
Nov 3, 2015
Sold by
Shipley William L and Shipley Jacqueline M
Bought by
Gerhardt John D
Seller's Agent
Jackie Shipley
Realty 360
Buyer's Agent
Jackie Shipley
Realty 360
List Price
$550,000
Sold Price
$487,300
Premium/Discount to List
-$62,700
-11.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%

Purchase Details

Closed on
Dec 23, 2012
Sold by
Labrie Roy
Bought by
Shipley William L and Shipley Jacqueline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
3.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 19, 2012
Sold by
Labrie Roy G
Bought by
Labrie Roy

Purchase Details

Closed on
Aug 11, 2011
Sold by
Angell Heidi
Bought by
Labrie Roy G
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
Gerhardt John D -- None Available
Gerhardt John D $487,500 First American Title Company
Shipley William L $350,000 Fidelity Natl Title Co Of Ca
Labrie Roy -- None Available
Labrie Roy G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open John D Gerhardt Revocable Trus $100,000
Previous Owner Shipley William L $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2015 11/20/15 Sold $487,300 -11.4% $116 / Sq Ft
08/01/2015 08/01/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $550,000 0.0% $131 / Sq Ft
05/06/2013 05/06/13 Rented $675 0.0% --
05/06/2013 05/06/13 Under Contract -- -- --
04/29/2013 04/29/13 For Rent $675 -- --
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
2024 $6,595 $565,546 $232,114 $333,432
2023 $6,336 $554,458 $227,563 $326,895
2022 $6,505 $543,587 $223,101 $320,486
2021 $6,360 $532,929 $218,727 $314,202
2020 $6,056 $527,466 $216,485 $310,981
2019 $6,135 $517,125 $212,241 $304,884
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jackie Shipley

    Realty 360

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC15082632

California Regional Multiple Listing Service (CRMLS)

APN: 032-182-210-000

California Lake County Nice 95464

3987 E State Hwy 20, Nice, CA

This home is located at 3987 E State Hwy 20, Nice, CA 95464 since 03 August 2015 and is currently estimated at $818,876, approximately $194 per square foot. This property was built in 1947. 3987 E State Hwy 20 is a home located in Lake County with nearby schools including Upper Lake Middle School, Upper Lake High School, and Westlake Seventh-day Adventist School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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