NOT LISTED FOR SALE

Estimated Value: $1,002,000 - $1,218,000

8 Beds
8 Baths
3,910 Sq Ft
$278/Sq Ft Est. Value

Last Sold April 07, 2015

Last sale price $530,200 $136 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $7,637/month

63 Days on Market

Highlights

  • Private Pool
  • Mountain View
  • Tennis Courts
  • Smiley Elementary School Rated A-
  • Property is near park
  • Resident Manager or Management On Site

About This Home

As of April 2015

Back up offers encouraged. Subject to cancellation of existing escrow. Excellent opportunity for the "hands off" type of investor. Four unit apartment building within the coveted "Brookside Park". The building offers two, 2 bed 2 bath, town home style units with attached garages and laundry hookups. The other two, 2 bed 2 bath units have their own garages and community laundry within the building. Professionally managed community in a resort like setting with 6 swimming pools, 3 spas, tennis court and basketball court. Monthly management fee includes insurance, water, trash, grounds keeping (Pools, Tennis-Courts, Spas included), landscaping, and leasing fees. Located close to public schools, Loma Linda University Medical Center, the Veterans Hospital, University of Redlands and ESRI.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 12/15/2014

Last Buyer's Agent

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 12/15/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 10,010 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Density is 16-20 Units/Acre

HOA Fees

  • $1,340 Monthly HOA Fees

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Property Attached
  • Entry on the 2nd floor
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,910 Sq Ft Home
  • 2-Story Property
  • Gas and Electric Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Private Pool
  • Outdoor Grill
  • Rain Gutters

Location

  • Property is near park
  • Urban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 234
  • Tax Tract Number 3454
  • Assessor Parcel Number 0293201300000

Community Details

Overview

  • Master Insurance
  • 4 Units

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Sport Court
  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Professional Management Expense $16,080
  • New Taxes Expense $6,863
  • Gross Income $4,500
  • Net Operating Income $27,157

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,340 per month

Parking

6

Listing Details

  • Professional Management Expense: 16080.00
  • Property Attached: Yes
  • Subdivision Name Other: Brookside Park
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 0293201300000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 135.60

Exterior Features

  • Exterior Features: Barbecue Private, Rain Gutters
  • View: Mountain(s), Neighborhood
  • Fencing: Wood
  • Pool Features: Community
  • Pool Private: Yes
  • Roof: Rolled/Hot Mop
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Heating Type: Central
  • Laundry Features: Community, In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Barbecue, Call for Rules, Dues Paid Monthly, Electricity, Gas, Insurance, Management, Pet Rules, Picnic Area, Pool, Sewer, Sport Court, Tennis Court(s), Trash, Utilities, Water
  • Association Fee: 1340.00
  • Association Fee Frequency: Monthly
  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: 16-20 Units/Acre, Landscaped, Park Nearby
  • Lot Size Sq Ft: 10010.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4500.00
  • Gross Scheduled Income: 54000.00
  • Lot Size Area: 10010.0000 Square Feet
  • Net Operating Income: 27157.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24143.00
  • Rent Control: No
  • Total Actual Rent: 4500.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6863.00
  • Tax Lot: 234
  • Tax Tract Number: 3454
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2014
Closed on
Mar 19, 2015
Sold by
Sharman Jerry W
Bought by
The Buchignani Trust
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Nathan Diones
REGIONCY REAL ESTATE
List Price
$550,000
Sold Price
$530,200
Premium/Discount to List
-$19,800
-3.6%
Current Estimated Value
$1,085,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$554,974
Avg. Annual Appreciation
6.87%
Original Mortgage
$393,000
Outstanding Balance
$301,331
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$783,843

Purchase Details

Closed on
May 21, 2004
Sold by
Shah Manoj and Shah Vandana
Bought by
Sharman Jerry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2003
Sold by
Shah Manoj and Shah Vandana
Bought by
Shah Manoj and Shah Vandana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2003
Sold by
Shin Hyun Back
Bought by
Shah Manoj and Shah Vandana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2002
Sold by
Shin Jung Sook
Bought by
Shin Hyun Back

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.99%

Purchase Details

Closed on
Oct 3, 2002
Sold by
Kanayan William and Kanayan Elizabeth
Bought by
Shin Hyung Back

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Buchignani Trust $530,500 Stewart Title Company
Sharman Jerry W $550,000 Chicago Title Company
Shah Manoj -- --
Shah Manoj $445,000 Atc
Shin Hyun Back -- First American
Shin Hyung Back $355,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Buchignani Trust $393,000
Previous Owner Sharman Jerry W $285,000
Previous Owner Shah Manoj $333,750
Previous Owner Shin Hyung Back $284,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2015 04/07/15 Sold $530,200 -3.6% $136 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
12/15/2014 12/15/14 For Sale $550,000 -- $141 / 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 $7,463 $637,222 $127,396 $509,826
2024 $7,463 $624,727 $124,898 $499,829
2023 $7,455 $612,477 $122,449 $490,028
2022 $7,348 $600,468 $120,048 $480,420
2021 $7,481 $588,694 $117,694 $471,000
2020 $7,371 $582,657 $116,487 $466,170
2019 $7,166 $571,232 $114,203 $457,029
2018 $6,988 $560,032 $111,964 $448,068
2017 $6,930 $549,051 $109,769 $439,282
2016 $6,853 $538,286 $107,617 $430,669
2015 $7,940 $620,502 $98,585 $521,917
2014 $7,797 $608,347 $96,654 $511,693
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV14258455

California Regional Multiple Listing Service (CRMLS)

APN: 0293-201-30