NOT LISTED FOR SALE

Estimated Value: $766,577 - $1,070,000

6 Beds
4 Baths
3,000 Sq Ft
$288/Sq Ft Est. Value

Last Sold October 24, 2017

Last sale price $460,000 $153 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $5,208/month

9 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Cul-De-Sac
  • Laundry Room
  • Wood Siding

About This Home

As of October 2017

Priced Under Market!! Next Door a Smaller Fourplex(1383 Villa) just sold for $10,000 more than subject property's asking price. Great Area of Highgrove. Upside in Rents. Clean fourplex that can be sold with 427 Devener that shares courtyard. This property has been completely upgraded throughout the tenure of the owners . Great unit mix with two 2 bed 1 bath and two 1 bed 1 bath. Large parking area for plenty of assigned parking space. Laundry room on side for added income. Separately metered for utilities. Easy to rent, manage, and maintain.

Last Agent to Sell the Property

Chad Williams

Hackett Williams, Broker License #01349225 Listed on: 08/09/2017

Last Buyer's Agent

David Covarrubias

MARCUS & MILLICHAP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,761

Year Built

  • Built in 1964

Lot Details

  • 7,190 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Density is up to 1 Unit/Acre

Home Design

  • 3,000 Sq Ft Home
  • Quadruplex
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Conventional Septic

Additional Features

  • Gas and Electric Range
  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 247081007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,875
  • Net Operating Income $25,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,761

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 5.70
  • Property Attached: Yes
  • Zoning: R-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 247081007
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 153.33

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Gas Water Heater, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac
  • Lot Size Sq Ft: 7190.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2875.00
  • Gross Multiplier: 13.00
  • Gross Operating Income: 33465.00
  • Gross Scheduled Income: 34500.00
  • Gross Spendable Income: 7387.00
  • Net Operating Income: 25433.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 8032.00
  • Operating Expense Percent: 24.00
  • Other Income Description: Expenses Estimated
  • Rent Control: No
  • Total Actual Rent: 2875.00
  • Vacancy Allowance: 1035
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 423.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2017
Closed on
Oct 10, 2017
Sold by
Williams Chad and Hackett Chris W
Bought by
Noland Clifford W
Seller's Agent
Chad Williams
Hackett Williams, Broker
Buyer's Agent
David Covarrubias
MARCUS & MILLICHAP
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Current Estimated Value
$863,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,644
Avg. Annual Appreciation
7.81%
Original Mortgage
$299,000
Outstanding Balance
$250,683
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$577,177

Purchase Details

Closed on
May 24, 2006
Sold by
Williams Kristin M
Bought by
Williams Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2006
Sold by
Patel Babubhai A and Patel Sudhaben B
Bought by
Williams Chad and Hackett Chris W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Noland Clifford W $460,000 Fidelity National Title Comp
Williams Chad -- Fidelity National Title
Hackett Chris W -- Fidelity National Title
Williams Chad $870,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noland Clifford W $299,000
Previous Owner Williams Chad $348,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2017 10/24/17 Sold $460,000 +2.2% $153 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $450,000 -- $150 / 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 $5,761 $523,396 $153,604 $369,792
2023 $5,761 $503,075 $147,641 $355,434
2022 $5,609 $493,212 $144,747 $348,465
2021 $5,511 $483,542 $141,909 $341,633
2020 $5,469 $478,584 $140,454 $338,130
2019 $5,367 $469,200 $137,700 $331,500
2018 $5,261 $460,000 $135,000 $325,000
2017 $4,600 $242,550 $57,330 $185,220
2016 $4,391 $242,550 $57,330 $185,220
2015 $2,599 $231,000 $54,600 $176,400
2014 $2,506 $220,000 $52,000 $168,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17183873

California Regional Multiple Listing Service (CRMLS)

APN: 247-081-007