NOT LISTED FOR SALE

431 Morrison Ave Sacramento, CA 95838

West Del Paso Heights Neighborhood

Estimated Value: $545,000 - $679,000

8 Beds
4 Baths
2,748 Sq Ft
$226/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $400,000 $146 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,777/month

4 Days on Market

Highlights

  • A-Frame Home
  • Furnished
  • No HOA

About This Home

As of August 2018

Fully rented fourplex all 2 bed / 1 bath. These units are furnished, rented by the room ($870/apt average, $435 per bedroom) near public transportation, walk to Dollar General and very close to I-80. Rents are very low for the area - big upside potential on a low maintenance property.

Last Agent to Sell the Property

Gregory Coltrin

Coltrin Real Estate License #01325243 Listed on: 06/12/2018

Last Buyer's Agent

Mark Andren

Mark Thomas Andren, Broker License #01139092

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,970

Year Built

  • Built in 1963

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Quadruplex
  • A-Frame Home
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Furnished
  • Window Treatments

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,600
  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 250-0061-022-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Masters Subdivision

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • Insurance Expense $772
  • Operating Expense $17,077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,970

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1963
  • Architectural Style: A-Frame
  • Stories: 2
  • Subdivision: Masters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Flooring: Varies by Unit
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 409000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: 1 Space Per Unit
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Varies by Unit
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Leased
  • Utilities Expenses: 7686

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Twin Rivers Unified

Lot Info

  • Zoning Description: M-1-Li
  • Lot Size Acres: 0.1300
  • Lot Size Sq Ft: 5663

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total Deposit: 1600
  • Total # Leasable: 4

Multi Family

  • Gross Income: 23482
  • Operating Expense: 17077
  • Income Includes: Laundry,Rent Only
  • Insurance Expense: 772
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: All Units

Tax Info

  • Assessor Parcel Number: 250-0061-022-0000
  • Current RE Taxes: 1970

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2019
Sold by
Hunt Jennifer
Bought by
Dennis Daniel
Current Estimated Value
$603,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,200
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 12, 2018
Closed on
Aug 17, 2018
Sold by
Coltrin Richard L and Fish Ranch Trust
Bought by
Hunt Jennifer
Seller's Agent
Gregory Coltrin
Coltrin Real Estate
Buyer's Agent
Mark Andren
Mark Thomas Andren, Broker
List Price
$409,000
Sold Price
$400,000
Premium/Discount to List
-$9,000
-2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%
Original Mortgage
$280,000
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 27, 2010
Sold by
Saeparn Ying and Saeparn Joe
Bought by
The Fish Ranch Established December 05 2

Purchase Details

Closed on
Jun 28, 2005
Sold by
Saeparn Ying
Bought by
Saeparn Joe and Saeparn Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1997
Sold by
Hunt Thomas M and Hunt Isabel M
Bought by
Hunt Thomas M

Purchase Details

Closed on
Jul 19, 1996
Sold by
Hunt Thomas M and Hunt Susan L
Bought by
Hunt Thomas M and Hunt Isabel M

Purchase Details

Closed on
Oct 11, 1995
Sold by
Ficovich Zorka and Ficovich Antone
Bought by
Federal National Mortgage Association
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
Dennis Daniel -- Accommodation
Hunt Jennifer $399,000 Orange Coast Title Company O
The Fish Ranch Established December 05 2 $130,000 Orange Coast Title Lender Se
Saeparn Joe -- Alliance Title Company
Hunt Thomas M -- --
Hunt Thomas M $90,000 --
Federal National Mortgage Association $108,059 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dennis Daniel $476,000
Closed Dennis Daniel $291,200
Closed Dennis Daniel $291,550
Previous Owner Dennis Daniel $280,000
Previous Owner Hunt Jennifer $279,300
Previous Owner Hunt Jennifer $279,300
Previous Owner Saeparn Joe $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2018 08/24/18 Sold $400,000 -2.2% $146 / Sq Ft
06/16/2018 06/16/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $409,000 -- $149 / 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 $5,696 $446,202 $157,509 $288,693
2024 $5,696 $437,454 $154,421 $283,033
2023 $5,716 $428,878 $151,394 $277,484
2022 $5,402 $420,470 $148,426 $272,044
2021 $5,375 $412,226 $145,516 $266,710
2020 $5,318 $408,000 $144,024 $263,976
2019 $5,248 $400,000 $141,200 $258,800
2018 $1,946 $119,263 $42,088 $77,175
2017 $1,970 $116,925 $41,263 $75,662
2016 $1,902 $114,633 $40,454 $74,179
2015 $1,808 $112,912 $39,847 $73,065
2014 $1,834 $110,701 $39,067 $71,634
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gregory Coltrin

    Coltrin Real Estate

  • M

    Buyer's Agent in 2018

    Mark Andren

    Mark Thomas Andren, Broker

  • Mark Andrade

    Buyer's Agent in 2018

    Mark Andrade

    MAE Capital Real Estate and Loan

    (916) 698-5626

    17 Total Sales

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Map

Source: MetroList

MLS Number: 18039239

MetroList

APN: 250-0061-022

California Sacramento County Sacramento 95838 West Del Paso Heights

431 Morrison Ave, Sacramento, CA

This home is located at 431 Morrison Ave, Sacramento, CA 95838 since 12 June 2018 and is currently estimated at $620,142, approximately $225 per square foot. This property was built in 1963. 431 Morrison Ave is a home located in Sacramento County with nearby schools including Del Paso Heights Elementary School, Martin Luther King Jr. Technology Academy, and Grant Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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