NOT LISTED FOR SALE

Estimated Value: $429,000 - $554,000

4 Beds
2 Baths
1,948 Sq Ft
$243/Sq Ft Est. Value

Last Sold June 01, 2015

Last sale price $184,500 $95 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $2,730/month

60 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property
  • Lincoln High School Rated A-

About This Home

As of June 2015

Rare opportunity to own good quality units at this price. Both units are low maintenance, good condition, and are occupied by qualified tenants. To be sold as is. Current property management willing to continue services.

Last Agent to Sell the Property

James Stepken

Dick Stepken, Realtor License #00813793 Listed on: 02/19/2015

Last Buyer's Agent

Juanita Horta

RE/MAX Grupe Gold License #01241359

RE/MAX Grupe Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,951

Year Built

  • Built in 1968

Lot Details

  • 6,090 Sq Ft Lot

Parking

  • 2 Car Garage
  • 1 Parking Space Included

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,650
  • Tenant pays for rent only
  • Assessor Parcel Number 081-270-35

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,951

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1968
  • Architectural Style: Ranch
  • Stories: 1
  • Number of Two Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven,Free Standing Electric Range,Free Standing Gas Oven,Free Standing Gas Range
  • Flooring: Carpet,Laminate

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts
  • Listing Price: 190000.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Utilities Expenses: 2439

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units
  • Association: No

Schools

  • Senior High School District: Lincoln Unified

Lot Info

  • Zoning Description: R
  • Lot Size Acres: 0.1398
  • Lot Size Sq Ft: 6090

Rental Info

  • Tenant Pays: Rent Only
  • Total Deposit: 1650
  • Total # Leasable: 2

Multi Family

  • Gross Income: 18420
  • Income Includes: Rent Only
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 081-270-35

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2015
Closed on
May 22, 2015
Sold by
Shen Pingkwei Abe and Chou Chingju Daisy
Bought by
Clark Jesse L and Clark Jesse L
Seller's Agent
James Stepken
Dick Stepken, Realtor
Buyer's Agent
Juanita Horta
RE/MAX Grupe Gold
List Price
$169,500
Sold Price
$184,500
Premium/Discount to List
$15,000
8.85%
Current Estimated Value
$473,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,119
Avg. Annual Appreciation
9.51%
Original Mortgage
$147,600
Outstanding Balance
$113,541
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$360,078

Purchase Details

Closed on
Nov 16, 2010
Sold by
Reddy Barbara
Bought by
Shen Pingkwei Abe and Chou Chingju Daisy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
Jones Lawrence Lee and Jones Rosalind S
Bought by
Reddy Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 7, 2004
Sold by
Jones Lawrence Lee and Jones Rosalind S
Bought by
Jones Lawrence Lee and Jones Rosalind S

Purchase Details

Closed on
Feb 14, 2001
Sold by
Goodwin Margaret L Tr and Goodwin Revocable T Margaret L
Bought by
Jones Lawrence Lee and Jones Rosalind Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.89%
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
Clark Jesse L $184,500 North American Title Co Inc
Shen Pingkwei Abe $135,000 Placer Title Company
Reddy Barbara -- Alliance Title Co
Jones Lawrence Lee -- --
Jones Lawrence Lee $135,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Jesse L $147,600
Previous Owner Shen Pingkwei Abe $94,500
Previous Owner Reddy Barbara $320,000
Previous Owner Jones Lawrence Lee $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2015 06/01/15 Sold $184,500 +8.8% $95 / Sq Ft
04/20/2015 04/20/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $169,500 -- $87 / 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 $2,951 $221,731 $67,299 $154,432
2024 $2,896 $217,384 $65,980 $151,404
2023 $2,878 $213,123 $64,687 $148,436
2022 $2,811 $208,945 $63,419 $145,526
2021 $2,778 $204,849 $62,176 $142,673
2020 $2,777 $202,750 $61,539 $141,211
2019 $2,740 $198,776 $60,333 $138,443
2018 $2,685 $194,879 $59,150 $135,729
2017 $2,637 $191,059 $57,991 $133,068
2016 $2,614 $187,314 $56,854 $130,460
2014 -- $141,092 $31,354 $109,738
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 15010032

MetroList

APN: 081-270-35