NOT LISTED FOR SALE

404 E Walnut St Lodi, CA 95240

Downtown Lodi Neighborhood

Estimated Value: $284,000 - $558,000

4 Beds
2 Baths
1,255 Sq Ft
$291/Sq Ft Est. Value

Last Sold October 13, 2017

Last sale price $195,000 $155 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,114/month

36 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • 1-Story Property

About This Home

As of October 2017

Great opportunity to purchase a duplex with below market rents. This is a perfect property for an investor. Property needs work. Property is being sold-as.

Last Agent to Sell the Property

Michael Carouba

Michael Carouba, Broker License #01339289 Listed on: 08/24/2017

Last Buyer's Agent

Jason Spence

Century 21 Select Real Estate License #01759959

Century 21 Select Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,523

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Composition Roof

Additional Features

  • 1-Story Property
  • 5,523 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity gas grounds care sewer trash collection water
  • Assessor Parcel Number 043-130-11

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1965
  • Architectural Style: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal,Free Standing Gas Range
  • Flooring: Carpet,Laminate

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: See Remarks
  • Listing Price: 215000.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage,Street

Utilities

  • Utilities: Cable Connected,Dish Antenna
  • Cooling: Central,Window Unit(s)
  • Heating: Central,Wall Furnace

Condo/Co-op/Association

  • Association Features: Other
  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning Description: residential
  • Lot Size Acres: 0.1268
  • Lot Size Sq Ft: 5523

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Grounds Care,Sewer,Trash Collection,Water
  • Total # Leasable: 2

Multi Family

  • Income Includes: See Remarks
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 1
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 043-130-11

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2017
Closed on
Oct 10, 2017
Sold by
Bahadar Haleema
Bought by
Khan Mohammad Ifran
Seller's Agent
Michael Carouba
Michael Carouba, Broker
Buyer's Agent
Jason Spence
Century 21 Select Real Estate
List Price
$215,000
Sold Price
$195,000
Premium/Discount to List
-$20,000
-9.3%
Current Estimated Value
$364,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,917
Avg. Annual Appreciation
7.93%

Purchase Details

Listed on
Aug 24, 2017
Closed on
Oct 6, 2017
Sold by
Duran Pedro and Duran Kathryn Renee
Bought by
Duran Dominic Carl
Seller's Agent
Michael Carouba
Michael Carouba, Broker
Buyer's Agent
Jason Spence
Century 21 Select Real Estate
List Price
$215,000
Sold Price
$195,000
Premium/Discount to List
-$20,000
-9.3%

Purchase Details

Closed on
Jun 6, 2010
Sold by
The Fifth County Fund Lp
Bought by
Carouba Michael Nicola and Carouba Lana Michelle

Purchase Details

Closed on
May 12, 2010
Sold by
Santos Alice and Barajas Jaime Javier
Bought by
The Fifth County Fund Lp

Purchase Details

Closed on
Dec 4, 2009
Sold by
Santos Alice and Barojas Jaime Javier
Bought by
Clairvoyant Strategies Llc

Purchase Details

Closed on
Oct 25, 2005
Sold by
Santos Alice
Bought by
Santos Alice and Barajas Jamie Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 21, 2005
Sold by
Santos Alice
Bought by
Santos Celso and Santos Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 3, 2002
Sold by
Maisch Maurice R and Maisch Winnie A
Bought by
Santos Celso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2001
Sold by
Maisch Maurice R and Maisch Winnie A
Bought by
Maisch Maurice R and Maisch Winnie A

Purchase Details

Closed on
Jan 29, 1997
Sold by
Ella Mohr
Bought by
Maisch Maurice R and Maisch Winnie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Ifran -- Old Republic Title Company
Khan Mohammad Ifran $195,000 Old Republic Title Company
Duran Dominic Carl -- Old Republic Title Company
Carouba Cole Francis -- Old Republic Title Company
Carouba Michael Nicola $135,000 Old Republic Title Company
The Fifth County Fund Lp $77,400 None Available
Clairvoyant Strategies Llc -- None Available
Santos Alice -- Fidelity Natl Title Ins Co
Santos Celso -- --
Barajas Jaime Javier -- Fidelity Natl Title Ins Co
Santos Alice -- Fidelity Natl Title Ins Co
Santos Celso $110,000 Alliance Title Company
Santos Celso -- Alliance Title Company
Maisch Maurice R -- --
Maisch Maurice R $40,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santos Alice $300,000
Previous Owner Santos Alice $300,000
Previous Owner Santos Celso $99,000
Previous Owner Maisch Maurice R $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2017 10/13/17 Sold $195,000 -9.3% $155 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
08/24/2017 08/24/17 For Sale $215,000 -- $171 / 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 $2,429 $221,872 $79,646 $142,226
2024 $2,363 $217,523 $78,085 $139,438
2023 $2,330 $213,258 $76,554 $136,704
2022 $2,278 $209,077 $75,053 $134,024
2021 $2,319 $204,979 $73,582 $131,397
2020 $2,259 $202,878 $72,828 $130,050
2019 $1,617 $144,638 $63,640 $80,998
2018 $1,594 $141,803 $62,393 $79,410
2017 $1,559 $139,023 $61,170 $77,853
2016 $1,462 $136,298 $59,971 $76,327
2014 $1,425 $131,623 $57,914 $73,709
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Michael Carouba

    Michael Carouba, Broker

    (209) 327-7700

    6 Total Sales

    Michael Carouba
    Section Image
  • Jason Spence

    Buyer's Agent in 2017

    Jason Spence

    Century 21 Select Real Estate

    (209) 914-0485

    5 in this area

    117 Total Sales

    Jason Spence
    Section Image
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Map

Source: MetroList

MLS Number: 17054941

MetroList

APN: 043-130-11

California San Joaquin County Lodi 95240 Downtown Lodi

404 E Walnut St, Lodi, CA

Not Listed for Sale

MultiFamily

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