NOT LISTED FOR SALE

416 E Lugonia Ave Redlands, CA 92374

North Redlands Neighborhood

Estimated Value: $1,028,757 - $1,242,000

9 Beds
7 Baths
4,006 Sq Ft
$296/Sq Ft Est. Value

Last Sold August 07, 2018

Last sale price $697,000 $174 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,321/month

59 Days on Market

About This Home

As of August 2018

This home is located at 416 E Lugonia Ave, Redlands, CA 92374 since 01 June 2018 and is currently estimated at $1,186,439, approximately $296 per square foot. This property was built in 1981. 416 E Lugonia Ave is a home located in San Bernardino County with nearby schools including Lugonia Elementary School, Moore Middle School, and Citrus Valley High School.

Last Agent to Sell the Property

Kurt Tiedt

Kurt W. Tiedt License #01167589 Listed on: 06/01/2018

Last Buyer's Agent

Drake Martin

COLDWELL BANKER TOWN & COUNTRY License #01914793

COLDWELL BANKER TOWN & COUNTRY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167264020000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $900
  • Insurance Expense $1,850
  • Other Expense $4,320
  • Water Sewer Expense $3,800
  • New Taxes Expense $7,600
  • Operating Expense $19,500
  • Gross Income $600
  • Net Operating Income $26,482

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$360 per month

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3800.00
  • Property Type: Residential Income
  • Parcel Number: 0167264020000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 173.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12180.00

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 900.00
  • Gross Income: 600.00
  • Gross Operating Income: 45982.00
  • Gross Scheduled Income: 46920.00
  • Insurance Expense: 1850.00
  • Laundry Income: 600.00
  • Net Operating Income: 26482.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19500.00
  • Other Expense: 4320.00
  • Other Expense Description: HOA Dues
  • Rent Control: No
  • Total Actual Rent: 3860.00
  • Total Expenses: 19500.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 7600.00
  • Tax Census Tract: 80.02
  • Tax Lot: 2
  • Tax Tract Number: 10141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2020
Sold by
Thornberg Christopher F
Bought by
Thornberg Christopher F
Current Estimated Value
$1,186,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Outstanding Balance
$460,090
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$726,349

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 20, 2018
Sold by
Yamamoto Leah R
Bought by
Thornberg Christopher F
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Drake Martin
COLDWELL BANKER TOWN & COUNTRY
List Price
$725,000
Sold Price
$697,000
Premium/Discount to List
-$28,000
-3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$522,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jun 21, 2018
Sold by
Hippoze Bulk Investments Llc
Bought by
Thornberg Christopher F
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Drake Martin
COLDWELL BANKER TOWN & COUNTRY
List Price
$725,000
Sold Price
$697,000
Premium/Discount to List
-$28,000
-3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2011
Sold by
Sparticus 5 Llc
Bought by
Hippoze Bulk Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2006
Sold by
Ramirez Marco A and Ramirez Bertha A
Bought by
Ramirez Marco Antonio and Ramirez Bertha Alicia

Purchase Details

Closed on
Dec 27, 2002
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ramirez Marco A and Ramirez Bertha A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,920
Interest Rate
5.96%

Purchase Details

Closed on
May 28, 2002
Sold by
Petty James S and Petty Margaret R
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 27, 1999
Sold by
Ocean Place Llc
Bought by
Petty James S and Petty Margaret R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.96%

Purchase Details

Closed on
Apr 22, 1999
Sold by
Smith Rico L
Bought by
Ocean Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.96%

Purchase Details

Closed on
Jun 25, 1997
Sold by
Smith Natasha K
Bought by
Smith Rico L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
7.91%

Purchase Details

Closed on
May 13, 1997
Sold by
Harris Carl
Bought by
Smith Rico L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
7.91%

Purchase Details

Closed on
Oct 3, 1994
Sold by
Barker Scott J
Bought by
Vre Mountain View Associates Ltd

Purchase Details

Closed on
May 19, 1994
Sold by
Vre Mountain View Associates Ltd
Bought by
Barker Scott J

Purchase Details

Closed on
May 18, 1994
Sold by
Barker Kathy L
Bought by
Barker Scott J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thornberg Christopher F -- Old Republic Title Company
Thornberg Christopher F -- Old Republic Title Company
Thornberg Christopher F -- Fidelity National Title Co
Thornberg Christopher F $697,000 Fidelity National Title Co
Hippoze Bulk Investments Llc $133,000 None Available
Sparticus 5 Llc -- None Available
Ramirez Marco Antonio -- None Available
Ramirez Marco A $280,000 Equity Title Company
Federal Home Loan Mortgage Corporation $239,391 United Title
Petty James S $330,000 Gateway Title Company
Ocean Place Llc $161,000 United Title
Smith Rico L -- American Title
Smith Rico L $295,000 American Title
Vre Mountain View Associates Ltd -- --
Barker Scott J -- Orange Coast Title Co
Barker Scott J -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thornberg Christopher F $517,500
Previous Owner Thornberg Christopher F $522,750
Previous Owner Sparticus 5 Llc $60,000
Previous Owner Hippoze Bulk Investments Llc $198,007
Previous Owner Ramirez Marco A $223,920
Previous Owner Petty James S $231,000
Previous Owner Smith Rico L $221,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2018 08/07/18 Sold $697,000 -3.9% $174 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $725,000 -- $181 / 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 $9,079 $777,516 $156,172 $621,344
2024 $9,079 $762,271 $153,110 $609,161
2023 $9,069 $747,325 $150,108 $597,217
2022 $8,938 $732,672 $147,165 $585,507
2021 $9,101 $718,305 $144,279 $574,026
2020 $8,966 $710,940 $142,800 $568,140
2019 $8,716 $697,000 $140,000 $557,000
2018 $4,603 $365,394 $44,157 $321,237
2017 $4,565 $358,229 $43,291 $314,938
2016 $4,514 $351,205 $42,442 $308,763
2015 $4,482 $345,929 $41,804 $304,125
2014 $4,402 $339,153 $40,985 $298,168
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kurt Tiedt

    Kurt W. Tiedt

    (951) 278-0700

    10 Total Sales

    Kurt Tiedt
    Section Image
  • Drake Martin

    Buyer's Agent in 2018

    Drake Martin

    COLDWELL BANKER TOWN & COUNTRY

    (951) 675-1644

    5 Total Sales

    Drake Martin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18183528

California Regional Multiple Listing Service (CRMLS)

APN: 0167-264-02

California San Bernardino County Redlands 92374 North Redlands

416 E Lugonia Ave, Redlands, CA

Not Listed for Sale

MultiFamily

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