NOT LISTED FOR SALE

Estimated Value: $570,000 - $587,000

4 Beds
2 Baths
1,910 Sq Ft
$303/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $505,000 $264 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,668/month

13 Days on Market

About This Home

As of October 2021

Don't miss out on this nice duplex located in desirable Rosemont Downs. The duplex is located on a corner and features a 2 bedroom, 1 bath with 2 car garage and a 2 bedroom, 1 bath, 1 car garage. There has been some updating to the larger right-hand unit including an updated kitchen and bathroom. The right-hand unit also has a good size yard and covered patio. The HVAC unit on the left side unit was replaced about 5 years ago. Average Market rents in this neighborhood are $1545 for a 2-bedroom unit (see attached rent analysis). The larger unit will be delivered vacant. Current GRM is 14.42 @ Market rents the unit would deliver a 13.34 GRM. The current tenants each pay half for water too (this is not reflected in the income numbers presented).

Last Agent to Sell the Property

Ron Benning

LPT Realty, Inc License #01058898 Listed on: 08/19/2021

LPT Realty, Inc

Last Buyer's Agent

Ron Benning

LPT Realty, Inc License #01058898 Listed on: 08/19/2021

LPT Realty, Inc

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,127

Year Built

  • 1976

Lot Details

  • 8,712

Parking

  • 2

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,127

Year Built

1976

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Sub Type: Duplex
  • Number of Two Bedroom Units: 2
  • Architectural Style: Ranch
  • Directions: 50 to Watt south, east on Kiefer, south on Westporter to address
  • Lot Size: 96X86x80x20x68
  • Building Stories: 1
  • Subdivision Name: Rosemont Downs
  • Special Features: None
  • Stories: 1
  • Year Built: 1976

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Electric Oven
  • Price Per Square Foot: 273.71
  • Flooring: Carpet, Tile, Laminate, Varies by Unit
  • Interior Amenities: Vaulted Ceiling(s)
  • Number Of Buildings: 1
  • Stories: 1
  • Window Features: Window Screens

Exterior Features

  • Roof: Composition
  • Exterior Features: Fenced Yard
  • Foundation Details: Slab
  • Property Condition: Varies by Unit
  • View: City
  • Construction Type: Frame, Wood
  • Disclosures: Environmental Hazards Report
  • Lot Features: Corner
  • Patio And Porch Features: Covered Patio, Varies by Unit

Garage/Parking

  • Parking Features: Garage
  • Covered Parking Spaces: 3
  • Garage Spaces: 2
  • Open Parking Spaces: 3
  • Total Parking Spaces: 6

Utilities

  • Cooling: Central
  • Heating: Central
  • Separate Meters: Electricity,Gas
  • Electric: 220 Volts
  • Laundry Features: Washer/Dryer Hookups
  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: City
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Folsom-Cordova

Lot Info

  • Lot Size Sq Ft: 8725
  • Zoning Description: rd-10

Rental Info

  • Owner Occupied Units: 1
  • Total # Leasable: 2
  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Water

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 2
  • Two Bedroom Rent Range: $1325-$1545
  • Annual Gross Income: 34320
  • Income Includes: Rent Only,Other
  • Number of Month to Month Units: 1
  • Number Of Units Total: 2
  • Number Of Units Furnished: None

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Oct 7, 2021
Sold by
Goode Gerald W
Bought by
Bradley Xavier L and Bradley Lacy A
Seller's Agent
Ron Benning
LPT Realty, Inc
Buyer's Agent
Ron Benning
LPT Realty, Inc
List Price
$495,000
Sold Price
$505,000
Premium/Discount to List
$10,000
2.02%
Current Estimated Value
$579,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,412
Avg. Annual Appreciation
5.27%
Original Mortgage
$490,943
Outstanding Balance
$449,633
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$164,904

Purchase Details

Closed on
Oct 16, 2002
Sold by
Meadows Jim M
Bought by
Goode Gerald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,689
Interest Rate
6.09%

Purchase Details

Closed on
May 1, 1996
Sold by
Meadows Brenda and Meadows Colleen
Bought by
Meadows Jim M
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
Bradley Xavier L $500,000 Fidelity National Title Co
Bradley Xavier L $500,000 Fidelity National Title Co
Goode Gerald W $211,000 North American Title Company
Meadows Jim M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradley Xavier L $490,943
Closed Bradley Xavier L $490,943
Previous Owner Goode Gerald W $100,000
Previous Owner Godde Gerald W $85,000
Previous Owner Goode Gerald W $252,000
Previous Owner Goode Gerald W $189,689
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Off Market $505,000 -- --
10/29/2021 10/29/21 Sold $505,000 0.0% $264 / Sq Ft
10/16/2021 10/16/21 Off Market $505,000 -- --
10/01/2021 10/01/21 Off Market $505,000 -- --
09/01/2021 09/01/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $495,000 -- $259 / 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 $6,127 $530,603 $127,344 $403,259
2024 $6,127 $520,200 $124,848 $395,352
2023 $5,982 $510,000 $122,400 $387,600
2022 $5,880 $500,000 $120,000 $380,000
2021 $3,198 $282,307 $46,822 $235,485
2020 $3,224 $279,413 $46,342 $233,071
2019 $3,153 $273,935 $45,434 $228,501
2018 $3,068 $268,565 $44,544 $224,021
2017 $3,024 $263,300 $43,671 $219,629
2016 $2,915 $258,138 $42,815 $215,323
2015 $2,776 $245,814 $40,769 $205,045
2014 $2,593 $231,900 $38,461 $193,439
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221104575

MetroList

APN: 074-0113-012