NOT LISTED FOR SALE

Estimated Value: $611,013 - $847,000

8 Beds
4 Baths
3,200 Sq Ft
$225/Sq Ft Est. Value

Last Sold July 11, 2013

Last sale price $280,000 $88 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $4,254/month

4 Days on Market

About This Home

As of July 2013

Calling all smart real estate investors! This updated fourplex brings you an excellent investment opportunity. This fully rented property is turn-key and ready to go. You'll be making money as soon as you close escrow! Recent updates in all units include: laminate tongue and groove wood flooring, new light fixtures, travertine tile kitchen floors, paint, formica counter tops, disposals and a new asphalt parking lot. Plus the units rent easily & the expenses are low. Pls do not disturb tenants.

Last Agent to Sell the Property

Peter Scott

Scott Realty License #01472227 Listed on: 05/29/2013

Last Buyer's Agent

Peter Scott

Scott Realty License #01472227 Listed on: 05/29/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,895

Year Built

  • Built in 1962

Lot Details

  • 0.33

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Additional Features

  • 2-Story Property
  • 0.33 Acre Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 228-0372-032-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,895

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1962
  • Stories: 2
  • Number of Two Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Gas Range,Disposal
  • Flooring: Laminate,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 265000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Open

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Laundry Features: Washer/Dryer Owned,Washer/Dryer

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD20
  • Lot Size Acres: 0.3300
  • Lot Size Sq Ft: 14375

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 4

Multi Family

  • Gross Income: 30480
  • Income Includes: Laundry
  • Number of Leased Units: 4
  • Number of Month to Month Units: 2
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 228-0372-032-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2013
Closed on
Jul 18, 2013
Sold by
Purewal Sarabjit
Bought by
Dsp Equities Llc
Seller's Agent
Peter Scott
Scott Realty
Buyer's Agent
Peter Scott
Scott Realty
List Price
$265,000
Sold Price
$280,000
Premium/Discount to List
$15,000
5.66%
Current Estimated Value
$721,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,253
Avg. Annual Appreciation
8.12%
Original Mortgage
$206,250
Outstanding Balance
$150,119
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$571,903

Purchase Details

Listed on
May 29, 2013
Closed on
Jul 5, 2013
Sold by
Monty Greenwich Llc
Bought by
Purewal Sarabjit
Seller's Agent
Peter Scott
Scott Realty
Buyer's Agent
Peter Scott
Scott Realty
List Price
$265,000
Sold Price
$280,000
Premium/Discount to List
$15,000
5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Outstanding Balance
$150,119
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$571,903

Purchase Details

Closed on
Jan 30, 2012
Sold by
Scalia Todd J
Bought by
Monty Greenwich Llc

Purchase Details

Closed on
Feb 8, 2010
Sold by
The Bank Of New York Mellon
Bought by
Scalia Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,930
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 2009
Sold by
Kumar Adish and Kumar Sharita
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 15, 2007
Sold by
Kumar Adish and Kumar Sharita
Bought by
Kumar Adish and Kumar Sharita

Purchase Details

Closed on
Jan 12, 2005
Sold by
Kumar Sharita and Kumar Adish
Bought by
Kumar Adish and Kumar Sharita

Purchase Details

Closed on
Sep 4, 2002
Sold by
Moore Arlon A
Bought by
Kumar Adish and Kumar Sharita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
5.25%

Purchase Details

Closed on
Sep 1, 2000
Sold by
Moore Kira
Bought by
Moore Arlon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,800
Interest Rate
8.13%

Purchase Details

Closed on
May 29, 1996
Sold by
Federal National Mortgage Association
Bought by
Thickens Richard Wold and Thickens Quinlan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,300
Interest Rate
8.09%

Purchase Details

Closed on
Jan 25, 1996
Sold by
Ibanez Carlos N and Ibanez Juanita R
Bought by
Federal National Mortgage Association
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
Dsp Equities Llc -- None Available
Purewal Sarabjit $280,000 Stewart Title Sac
Monty Greenwich Llc -- None Available
Scalia Todd $167,000 Landsafe Title
The Bank Of New York Mellon $159,750 None Available
Kumar Adish -- None Available
Kumar Adish -- New Century Title Co
Kumar Adish $355,000 Fidelity National Title Co
Moore Arlon A -- Fidelity National Title Co
Moore Arlon A $132,000 Fidelity National Title Co
Thickens Richard Wold $78,000 Fidelity National Title Co
Federal National Mortgage Association $91,200 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Purewal Sarabjit $206,250
Previous Owner Scalia Todd $152,930
Previous Owner Kumar Adish $390,000
Previous Owner Kumar Adish $266,250
Previous Owner Moore Arlon A $118,800
Previous Owner Thickens Richard Wold $108,000
Previous Owner Thickens Richard Wold $66,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2013 07/11/13 Sold $280,000 +5.7% $88 / Sq Ft
06/02/2013 06/02/13 Pending -- -- --
05/29/2013 05/29/13 For Sale $265,000 -- $83 / 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 $3,895 $343,229 $61,288 $281,941
2024 $3,895 $336,500 $60,087 $276,413
2023 $3,923 $329,903 $58,909 $270,994
2022 $3,693 $323,435 $57,754 $265,681
2021 $3,683 $317,094 $56,622 $260,472
2020 $3,651 $313,844 $56,042 $257,802
2019 $3,603 $307,692 $54,944 $252,748
2018 $3,424 $301,660 $53,867 $247,793
2017 $3,512 $295,746 $52,811 $242,935
2016 $3,514 $289,948 $51,776 $238,172
2015 $3,303 $285,594 $50,999 $234,595
2014 $3,368 $280,000 $50,000 $230,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 13030094

MetroList

APN: 228-0372-032