NOT LISTED FOR SALE

42 E 2nd St Tracy, CA 95376

Estimated Value: $662,871

6 Beds
5 Baths
2,615 Sq Ft
$253/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $340,000 $130 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $3,869/month

51 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 2-minute walk to MacDonald Park
  • Cottage

About This Home

As of May 2015

Great Investment Opportunity to create Positive Cash Flow. Multiple Units on Huge corner lot of approximately 11,400 square feet. Main House (#42) features 3 bedrooms, 2 full bathrooms, fireplace, laundry room and spacious kitchen. The 3 additional units (#30 #32 #34) each feature recent re-roofing, 1 bedroom, 1 bathroom, kitchen,living room. Nice gated common yard. This property has an abundance of potential. Great location walk to downtown!

Last Agent to Sell the Property

Laura Silva-Paulo

Laura L. Silva-Paulo,Broker License #01290401 Listed on: 01/22/2015

Last Buyer's Agent

Laura Silva-Paulo

Laura L. Silva-Paulo,Broker License #01290401 Listed on: 01/22/2015

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.26

Parking

  • 1 Parking Space Included

Home Design

  • Quadruplex
  • Cottage
  • Composition Roof

Additional Features

  • 1-Story Property
  • 0.26 Acre Lot
  • No Cooling

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 235-130-49

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 2 Vacant Units
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Year Built Details: Unknown
  • Number of Three Bedroom Units: 1
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: None
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,Whole House Inspection Available,None
  • Listing Price: 350000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Street,1 Space Per Unit

Utilities

  • Cooling: None
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Varies By Unit
  • Association: No

Schools

  • Senior High School District: Tracy Unified

Lot Info

  • Zoning Description: MDR
  • Lot Size Acres: 0.2617
  • Lot Size Sq Ft: 11400

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Income Includes: Rent Only
  • Number of Month to Month Units: 2
  • Number of Units: 4
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 235-130-49

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2015
Closed on
Apr 28, 2015
Sold by
Nelson Evelyn I and The Loggins Family Living Trus
Bought by
The Lourenco Family Trust and Lourenco Nelly A
Seller's Agent
Laura Silva-Paulo
Laura L. Silva-Paulo,Broker
Buyer's Agent
Laura Silva-Paulo
Laura L. Silva-Paulo,Broker
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Current Estimated Value
$662,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,871
Avg. Annual Appreciation
6.46%
Original Mortgage
$238,000
Outstanding Balance
$183,679
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$479,192

Purchase Details

Closed on
Apr 11, 1994
Sold by
Loggins Allen and Loggins Melva
Bought by
Loggins Allen and Loggins Melva
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Lourenco Family Trust $340,000 Old Republic Title Company
Loggins Allen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Lourenco Family Trust $238,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2015 05/01/15 Sold $340,000 -2.9% $130 / Sq Ft
03/13/2015 03/13/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $350,000 -- $134 / 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 $4,746 $408,620 $144,218 $264,402
2024 $4,374 $400,609 $141,391 $259,218
2023 $4,307 $392,755 $138,619 $254,136
2022 $4,220 $385,054 $135,901 $249,153
2021 $4,171 $377,505 $133,237 $244,268
2020 $4,144 $373,635 $131,871 $241,764
2019 $4,079 $366,310 $129,286 $237,024
2018 $4,011 $359,128 $126,751 $232,377
2017 $3,812 $352,087 $124,266 $227,821
2016 $3,858 $345,185 $121,830 $223,355
2015 $631 $52,420 $7,139 $45,281
2014 -- $51,393 $6,999 $44,394
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 15004218

MetroList

APN: 235-130-49