NOT LISTED FOR SALE

402 E Elm St Lodi, CA 95240

Downtown Lodi Neighborhood

Estimated Value: $543,000 - $548,000

6 Beds
5 Baths
3 Sq Ft
$181,833/Sq Ft Est. Value

Last Sold July 31, 2015

Last sale price $240,000 $80,000 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,944/month

59 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • 3-minute walk to Hale Park
  • No HOA
  • Tile Flooring

About This Home

As of July 2015

Great opportunity for your investor. Nice 4 plex with good income. One of the Best Income Producing Properties for sale in Lodi. $ 2,350 Rent per month income!!!!!!!!!!!!!!

Last Agent to Sell the Property

Rose Marie Mendonca

PMZ Real Estate License #00556474 Listed on: 04/28/2015

PMZ Real Estate

Last Buyer's Agent

Jason Spence

Century 21 Select Real Estate License #01759959

Century 21 Select Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 1932

Lot Details

  • 3,315 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector
  • Gas Cooktop

Utilities

  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable tv electricity gas sewer trash collection water
  • Assessor Parcel Number 043-114-01

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,001

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1932
  • Architectural Style: Contemporary
  • Stories: 2
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Cook Top
  • Flooring: Tile
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,See Remarks
  • Listing Price: 273950.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Street

Utilities

  • Security: Smoke Detector
  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),See Remarks
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: See Remarks
  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning Description: R4
  • Lot Size Acres: 0.0761
  • Lot Size Sq Ft: 3315

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Sewer,Trash Collection,Water
  • Total # Leasable: 4

Multi Family

  • Gross Income: 28000
  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 043-114-01

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2015
Closed on
Jul 28, 2015
Sold by
Khan Mohammad Dawood and The Mohammad Dawood Khan Revoc
Bought by
Khan Mohammad Khaled and The Mohammad Khaled Khan Revoc
Seller's Agent
Rose Marie Mendonca
PMZ Real Estate
Buyer's Agent
Jason Spence
Century 21 Select Real Estate
List Price
$349,000
Sold Price
$240,000
Premium/Discount to List
-$109,000
-31.23%
Current Estimated Value
$545,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,500
Avg. Annual Appreciation
8.34%
Original Mortgage
$180,000
Outstanding Balance
$141,328
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$404,172

Purchase Details

Closed on
Aug 23, 2011
Sold by
Khan Mohammad Dawood
Bought by
Khan Mohammad Dawood and Mohammad Dawood Khan Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2010
Sold by
Khan Mohammed Dawood and Khan Mohammad Dawood
Bought by
Khan Mohammad Dawood and Mohammad Dawood Khan Revocable

Purchase Details

Closed on
Dec 1, 2008
Sold by
Khan Rehana Dawood
Bought by
Khan Mohammed Dawood

Purchase Details

Closed on
Mar 26, 1998
Sold by
Home Svgs Of America Fsb
Bought by
Khan Mohammad Dawood and Khan Rehana Dawood

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.06%

Purchase Details

Closed on
Aug 6, 1997
Sold by
David Didio
Bought by
Home Svgs Of America Fsb
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
Khan Mohammad Khaled $240,000 Old Republic Title Company
Khan Mohammad Dawood -- Chicago Title Company
Khan Mohammad Dawood -- Placer Title Company
Khan Mohammad Dawood -- None Available
Khan Mohammed Dawood -- None Available
Khan Mohammad Dawood $55,000 Central Valley Title Company
Home Svgs Of America Fsb $63,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Mohammad Khaled $180,000
Closed Khan Mohammad Dawood $112,000
Closed Khan Mohammad Dawood $44,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2015 07/31/15 Sold $240,000 -31.2% $80,000 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
04/26/2015 04/26/15 For Sale $349,000 -- $116,333 / Sq Ft
Source: MetroList

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 $1,001 $87,811 $55,881 $31,930
2024 $975 $86,090 $54,786 $31,304
2023 $960 $84,403 $53,712 $30,691
2022 $939 $82,749 $52,659 $30,090
2021 $955 $81,127 $51,627 $29,500
2020 $931 $80,296 $51,098 $29,198
2019 $914 $78,723 $50,097 $28,626
2018 $901 $77,180 $49,115 $28,065
2017 $882 $75,667 $48,152 $27,515
2016 $828 $74,184 $47,208 $26,976
2015 $820 $73,070 $46,499 $26,571
2014 -- $71,638 $45,588 $26,050
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rose Marie Mendonca

    PMZ Real Estate

    Section Image
  • Jason Spence

    Buyer's Agent in 2015

    Jason Spence

    Century 21 Select Real Estate

    (209) 914-0485

    4 in this area

    112 Total Sales

    Jason Spence
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 15026464

MetroList

APN: 043-114-01

California San Joaquin County Lodi 95240 Downtown Lodi

402 E Elm St, Lodi, CA

This home is located at 402 E Elm St, Lodi, CA 95240 since 28 April 2015 and is currently estimated at $545,500, approximately $181,833 per square foot. This property was built in 1932. 402 E Elm St is a home located in San Joaquin County with nearby schools including Lawrence Elementary School, Millswood Middle School, and Lodi High 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.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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