NOT LISTED FOR SALE
4 Beds
3 Baths
2,461 Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: January 24, 2017

Last sale price $500,000 $203 Per Sq Ft

88 Days on Market

Highlights

  • 0.5 Acre Lot
  • Tile Flooring
  • Level Lot
  • Cottage
  • Guest Parking
  • 1-Story Property

About This Home

As of January 2017

Three rental units. Upside potential to increase the rental income with improvements to the units. Live in one and rent the other two units, or rent all three! Large level parcel (21736 square feet). The units are located at the front of the parcel and the rear portion is flat and usable. The front building is a duplex, each unit in this building includes one bedroom and one bathroom The rear detached unit includes two bedrooms and one bathroom.

Last Agent to Sell the Property

Sean Pate

Christie's International Real Estate Sereno License #01160202 Listed on: 09/19/2016

Last Buyer's Agent

Adrian Lopez

Windermere Valley Properties License #02000744

Windermere Valley Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1937

Lot Details

  • 21,736 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Cottage
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,461 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Parking

  • 10 Parking Spaces
  • No Garage
  • Covered Parking
  • Guest Parking

Utilities

  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $39,180

Community Details

Overview

  • 2,461 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $840
  • Operating Expense $3,598
  • Gross Income $39,180

Property Details

Home Type

Multi-Family

Year Built

1937

Lot Details

0.5 Acres

Listing Details

  • Zoning: R-1-6
  • Subclass: Triplex
  • Style: Cottage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2461
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Interior Features

  • Living Sq Ft: 2461
  • Stories: 1
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 10
  • Garage Parking Features: Common Parking Area, Guest / Visitor Parking, No Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.4990
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 21736.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 21736.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.76
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Gas Meters, Public Utilities
  • Expense Insurance: 840
  • Expenses Total: 3598
  • Income Annual Gross: 39180.00
  • Income Annual Rental: 39180
  • Income Gross Scheduled: 39180
  • Income Includes: Rents
  • Meters: Master Electric, Master Water, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities
  • Tenant Expenses: Services - Trash Removal, Utilities - Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2016
Closed on
Jan 11, 2017
Sold by
Bought by
Seller's Agent
Sean Pate
Christie's International Real Estate Sereno
Buyer's Agent
Adrian Lopez
Windermere Valley Properties
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
0.0413%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 22, 2003
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500,000 First American Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $375,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/24/2017 01/24/17 Sold $500,000 -7.2% $203 / Sq Ft
12/17/2016 12/17/16 Pending -- -- --
11/14/2016 11/14/16 Price Changed $539,000 -2.0% $219 / Sq Ft
09/19/2016 09/19/16 For Sale $550,000 -- $223 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,028 $580,293 $359,782 $220,511
2023 $8,757 $557,760 $345,811 $211,949
2022 $8,472 $546,823 $339,030 $207,793
2021 $8,133 $536,101 $332,383 $203,718
2020 $7,971 $530,604 $328,974 $201,630
2019 $7,764 $520,200 $322,524 $197,676
2018 $7,578 $510,000 $316,200 $193,800
2017 $3,093 $98,934 $28,606 $70,328
2016 $2,945 $96,994 $28,045 $68,949
2015 $2,758 $95,537 $27,624 $67,913
2014 $2,665 $93,666 $27,083 $66,583
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81615148

MLSListings

APN: 049-221-02

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