NOT LISTED FOR SALE

Estimated Value: $719,001 - $845,000

4 Beds
3 Baths
2,400 Sq Ft
$331/Sq Ft Est. Value

Last Sold April 15, 2020

Last sale price $525,000 $219 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,669/month

324 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Cooling System Mounted To A Wall/Window
  • Wood Fence
  • 1-Story Property

About This Home

As of April 2020

4 plex ** 2 buildings with laundry facilities. Separate electric and gas meters. Ample parking for all tenants, with new fencing . Dual pane windows and one unit has storage shed included. Right across the street from the new Grand Terrace High School

Last Agent to Sell the Property

Lydia Thompson

RE/MAX HORIZON License #01308557 Listed on: 04/15/2019

RE/MAX HORIZON

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,306

Year Built

  • Built in 1990

Lot Details

  • 9,450 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Level Lot

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1
  • Assessor Parcel Number 255021013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $300
  • Water Sewer Expense $1,920
  • Operating Expense $2,220
  • Gross Income $41,688
  • Net Operating Income $41,688

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,306

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1920.00
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 255021013
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 218.75

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Septic Type Unknown
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 9450.00
  • Lot Size Acres: 0.2169

Multi Family

  • Gross Income: 41688.00
  • Gross Scheduled Income: 41688.00
  • Lot Size Area: 9450.0000 Square Feet
  • Net Operating Income: 41688.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Rent Control: No
  • Total Expenses: 2220.00

Tax Info

  • Tax Census Tract: 423.00
  • Tax Lot: 3
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2019
Closed on
Apr 9, 2020
Sold by
Gambetta Marianela
Bought by
Gambetta Daniel E
Seller's Agent
Lydia Thompson
RE/MAX HORIZON
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%
Current Estimated Value
$756,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,715
Avg. Annual Appreciation
7.61%
Original Mortgage
$387,750
Outstanding Balance
$343,711
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$431,996

Purchase Details

Listed on
Apr 15, 2019
Closed on
Mar 12, 2020
Sold by
Lacher Ralph
Bought by
Gambetta Daniel E
Seller's Agent
Lydia Thompson
RE/MAX HORIZON
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,750
Outstanding Balance
$343,711
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$431,996

Purchase Details

Closed on
Sep 12, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lacher Ralph

Purchase Details

Closed on
Jun 28, 2011
Sold by
Cervates Lourdes M
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 23, 2005
Sold by
Barajas Salvador
Bought by
Cervantes Lourdes M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 10, 2005
Sold by
Rey Victor G
Bought by
Cervantes Lourdes M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 14, 2003
Sold by
Derey Lucina Garcia
Bought by
Rey Victor G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
4.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2003
Sold by
Rivas Jose
Bought by
Rey Victor G and Derey Lucina Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
4.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 1995
Sold by
Sandoval Rafael M
Bought by
Rivas Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,376
Interest Rate
7.48%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 1995
Sold by
Rivas Eleazar
Bought by
Rivas Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,376
Interest Rate
7.48%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 1995
Sold by
Sandoval Maria A
Bought by
Sandoval Rafael M

Purchase Details

Closed on
Mar 13, 1995
Sold by
Sherwood Max Alan and Sherwood Judith Ann
Bought by
Federal Nationwide Mtg Corp
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
Gambetta Daniel E -- Fnt Ie
Gambetta Daniel E $525,000 Fidelity National Title Co
Lacher Ralph $187,000 Lsi Title Company
Federal Home Loan Mortgage Corporation $187,000 Accommodation
Cervantes Lourdes M -- North American Title Company
Cervantes Lourdes M $500,000 North American Title Company
Rey Victor G -- Chicago Title Co
Rey Victor G $205,000 Chicago Title Co
Rivas Jose $60,000 Old Republic Title Company
Rivas Jose -- Old Republic Title Company
Sandoval Rafael M -- Commonwealth Land Title Co
Sandoval Rafael M $120,000 Commonwealth Land Title Co
Federal Nationwide Mtg Corp $100,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gambetta Daniel E $387,750
Previous Owner Cervantes Lourdes M $405,000
Previous Owner Cervantes Lourdes M $81,000
Previous Owner Cervantes Lourdes M $75,000
Previous Owner Cervantes Lourdes M $375,000
Previous Owner Rey Victor G $184,500
Previous Owner Rivas Jose $119,376
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2020 04/15/20 Sold $525,000 -4.5% $219 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $550,000 +4.8% $229 / Sq Ft
08/05/2019 08/05/19 Off Market $525,000 -- --
07/05/2019 07/05/19 For Sale $550,000 +4.8% $229 / Sq Ft
07/01/2019 07/01/19 Off Market $525,000 -- --
06/26/2019 06/26/19 Price Changed $619,000 0.0% $258 / Sq Ft
06/26/2019 06/26/19 For Sale $619,000 +17.9% $258 / Sq Ft
05/20/2019 05/20/19 Off Market $525,000 -- --
05/09/2019 05/09/19 Price Changed $649,900 -3.7% $271 / Sq Ft
04/15/2019 04/15/19 For Sale $675,000 -- $281 / 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 $6,306 $574,159 $158,577 $415,582
2023 $6,306 $551,866 $152,420 $399,446
2022 $6,139 $541,046 $149,432 $391,614
2021 $6,032 $530,438 $146,502 $383,936
2020 $2,533 $214,760 $55,122 $159,638
2019 $2,487 $210,550 $54,042 $156,508
2018 $2,440 $206,423 $52,984 $153,439
2017 $2,398 $202,377 $51,946 $150,431
2016 $2,250 $198,410 $50,928 $147,482
2015 $2,221 $195,432 $50,164 $145,268
2014 $2,202 $191,605 $49,182 $142,423
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19085093

California Regional Multiple Listing Service (CRMLS)

APN: 255-021-013