NOT LISTED FOR SALE

Estimated Value: $1,383,000 - $1,986,293

-- Bed
3 Baths
2,420 Sq Ft
$689/Sq Ft Est. Value

Last Sold January 02, 2020

Last sale price $1,300,000 $537 Per Sq Ft

19 Days on Market

Highlights

  • Forced Air Heating System
  • Sequoia High School Rated A
  • 5-minute walk to Andrew Spinas Park

About This Home

As of January 2020

Investigate this Investment. Put in a little, get out a lot! 2 Properties for the price of one!! The main house has 3 bedrooms / 2 bathrooms and the other unit has 2 bedrooms / 1 bathroom. This conversion was done with permits, but it is a single family, and you have enough room to build another unit. This property is close to the new Stanford center upcoming area, in an over sized lot of 8,388 sq ft, per county records. Front unit is currently rented and rear unit is vacant.

Last Agent to Sell the Property

Hugo De Hoyos

Intero Real Estate Services License #01153534 Listed on: 10/22/2019

Intero Real Estate Services

Last Buyer's Agent

Paymon Ghafouri

Paymon Real Estate Group License #01375245

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,694

Year Built

  • 1940

Lot Details

  • 8,390 Sq Ft Lot

Home Design

  • 2,420 Sq Ft Home
  • Duplex
  • Raised Foundation
  • Shingle Roof

Parking

  • 8 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $72,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,500
  • Manager Expense $3,600
  • Operating Expense $20,100
  • Gross Income $70,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,694

Year Built

1940

Lot Details

0

Listing Details

  • Zoning: R10000
  • Subclass: Duplex
  • Age: 79
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2420
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 2420

Exterior Features

  • Foundation: Raised
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Carport, Drive Through
  • Carport Min: 2

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1926
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8388.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8388.00

Rental Info

  • Gross Rent Multiplier: 16.65
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Management: 3600
  • Expenses Total: 20100
  • Income Annual Gross: 70560.00
  • Income Annual Rental: 72000
  • Income Gross Scheduled: 72000
  • Income Includes: Rents
  • Meters: Master Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Dec 20, 2019
Sold by
Gutierrez Rosario
Bought by
Dabit Christopher R and Dabit Alex R
Seller's Agent
Hugo De Hoyos
Intero Real Estate Services
Buyer's Agent
Paymon Ghafouri
Paymon Real Estate Group
List Price
$1,199,000
Sold Price
$1,300,000
Premium/Discount to List
$101,000
8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$887,315
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2011
Sold by
Gutierrez Rosario
Bought by
Gutierrez Rosario

Purchase Details

Closed on
Jan 6, 2006
Sold by
Gutierrez Eladio and Gutierrez Rosario
Bought by
Gutierrez Eladio S and Gutierrez Rosario R
Source: Public Records

Range of Values:

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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
Dabit Christopher R $1,300,000 Fidelity National Title Co
Gutierrez Rosario -- None Available
Gutierrez Rosario -- None Available
Gutierrez Eladio S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dabit Christopher R $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2020 01/02/20 Sold $1,300,000 +8.4% $537 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $1,199,000 -- $495 / Sq Ft
Source: MLSListings

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 $18,694 $1,421,738 $1,093,645 $328,093
2023 $18,694 $1,366,531 $1,051,178 $315,353
2022 $17,452 $1,339,737 $1,030,567 $309,170
2021 $17,250 $1,313,468 $1,010,360 $303,108
2020 $5,264 $217,832 $94,709 $123,123
2019 $5,131 $213,561 $92,852 $120,709
2018 $4,860 $209,375 $91,032 $118,343
2017 $4,459 $205,271 $89,248 $116,023
2016 $4,244 $201,248 $87,499 $113,749
2015 $4,082 $198,226 $86,185 $112,041
2014 $3,981 $194,344 $84,497 $109,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81773339

MLSListings

APN: 060-059-100