NOT LISTED FOR SALE

Estimated Value: $1,130,000 - $1,470,000

3 Beds
3 Baths
1,928 Sq Ft
$672/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $1,250,000 $648 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,680/month

23 Days on Market

Highlights

  • Traditional Architecture
  • Separate Outdoor Workshop
  • Laundry Room
  • Stanford Middle School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

About This Home

As of March 2022

Rarely on the market, a highly sought after triplex in Artcraft Manor. A large oversized lot in a terrific location. Three spacious 1 bedroom, 1 bath units, private patios, 3 single car garages, plus one extra parking spot. Large bonus/utility room with coin operated common laundry and lots of additional storage space. This bonus room provides an opportunity for conversion to an ADU that would come with its own parking spot. Two of the units have been completely renovated. The windows have been upgraded, the plumbing was re-piped with copper (partial) and the drains were upgraded (partial). The property had new stucco, and new garage doors installed approximately 10 years ago.

Last Agent to Sell the Property

Jamee Lindberg

Re/Max R. E. Specialists License #01107487 Listed on: 01/04/2022

Re/Max R. E. Specialists

Co-Listed By

John Lindberg

Re/Max R. E. Specialists License #01010112

Last Buyer's Agent

Thomas Hoehn

RE/MAX College Park Realty License #01811407

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,470

Year Built

  • Built in 1943

Lot Details

  • 8,179 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Sprinklers on Timer
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Open Parking Space
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,928 Sq Ft Home
  • 1-Story Property
  • Utility Room
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Separate Outdoor Workshop

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 11674
  • Assessor Parcel Number 7219008007

Community Details

Overview

  • 3 Units
  • Artcraft Manor Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $2,934
  • Other Expense $7,470
  • Trash Expense $240
  • Water Sewer Expense $1,092
  • Operating Expense $14,136
  • Gross Income $56,220
  • Net Operating Income $40,434

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,470

Year Built

Built in 1943

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 3.10
  • Price Per Unit: 431667
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: No
  • Water Sewer Expenses: 1092.00
  • Zoning: LBR3T
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 7219008007
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 648.34
  • Room Type: Utility Room

Exterior Features

  • Foundation: Raised
  • Other Structures: Workshop
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Microwave, Refrigerator
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 8179.00
  • Lot Size Acres: 0.1878

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 56220.00
  • Gross Operating Income: 54570.00
  • Gross Scheduled Income: 56220.00
  • Insurance Expense: 2934.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 8179.0000 Square Feet
  • Net Operating Income: 40434.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 14136.00
  • Other Expense: 7470.00
  • Other Expense Description: prop tax
  • Rent Control: Yes
  • Total Actual Rent: 4585.00
  • Total Expenses: 14136.00
  • Vacancy Allowance: 1650

Tax Info

  • Tax Census Tract: 5750.01
  • Tax Lot: 19
  • Tax Tract Number: 11674
  • Tax Annual Amount: 7470.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2022
Closed on
Jan 20, 2022
Sold by
King Geoffrey S and King Catherine N
Bought by
Giakoumis Vicky
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Thomas Hoehn
RE/MAX College Park Realty
List Price
$1,295,000
Sold Price
$1,250,000
Premium/Discount to List
-$45,000
-3.47%
Total Days on Market
23
Current Estimated Value
$1,296,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,076
Avg. Annual Appreciation
1.12%
Original Mortgage
$937,500
Outstanding Balance
$876,858
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$419,218

Purchase Details

Listed on
Mar 3, 2012
Closed on
Apr 9, 2012
Sold by
Amer Tony I
Bought by
King Geoffrey S and King Catherine N
Seller's Agent
Tony Amer
TM Real Estate Brokers
Buyer's Agent
Renee Massey
USA Direct Realty
List Price
$549,900
Sold Price
$495,000
Premium/Discount to List
-$54,900
-9.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%
Original Mortgage
$346,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2010
Sold by
Navy Federal Credit Union
Bought by
Amer Tony I and Ajrab Amer Marina R

Purchase Details

Closed on
Aug 12, 2009
Sold by
Cooper Kevin L
Bought by
Navy Federal Credit Union

Purchase Details

Closed on
Nov 10, 2005
Sold by
Cooper Kevin
Bought by
Cooper Kevin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2004
Sold by
Cooper Kevin L
Bought by
Cooper Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
8.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2004
Sold by
Parker Rachel P
Bought by
Cooper Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
8.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 17, 1997
Sold by
Roper Robert E
Bought by
Roper Robert E and The Robert E Roper Trust
Source: Public Records

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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
Giakoumis Vicky $1,250,000 Fidelity National Title
King Geoffrey S $495,000 Chicago Title Company
Amer Tony I $382,000 Chicago Title Company
Navy Federal Credit Union $228,477 Accommodation
Cooper Kevin L -- Chicago Title Company
Cooper Kevin -- Ticor Title Company
Cooper Kevin $420,000 Ticor Title Company
Roper Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giakoumis Vicky $937,500
Previous Owner King Geoffrey S $346,500
Previous Owner King Geoffrey S $346,500
Previous Owner Cooper Kevin L $75,000
Previous Owner Cooper Kevin L $200,000
Previous Owner Cooper Kevin L $350,000
Previous Owner Cooper Kevin $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $1,250,000 -3.5% $648 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $1,295,000 +161.6% $672 / Sq Ft
05/16/2012 05/16/12 Sold $495,000 -10.0% $257 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
03/03/2012 03/03/12 For Sale $549,900 -- $285 / 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
2024 $16,842 $1,300,500 $884,340 $416,160
2023 $16,561 $1,275,000 $867,000 $408,000
2022 $7,645 $585,878 $414,259 $171,619
2021 $7,489 $574,391 $406,137 $168,254
2019 $7,384 $557,356 $394,092 $163,264
2018 $7,094 $546,428 $386,365 $160,063
2016 $6,530 $525,212 $371,363 $153,849
2015 $6,272 $517,324 $365,785 $151,539
2014 $6,239 $507,191 $358,620 $148,571
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22000909

California Regional Multiple Listing Service (CRMLS)

APN: 7219-008-007