NOT LISTED FOR SALE

Estimated Value: $440,000 - $742,000

4 Beds
2 Baths
1,714 Sq Ft
$338/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $310,000 $181 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,552/month

109 Days on Market

About This Home

As of July 2016

If you love rural living, this is the place for you! Two single family homes on a lot. Established shaded landscaping and charming fireplace in the living room. Surprisingly well laid out floor plan offers an appealing sense of space. Private yards for each home.
Solid investment property-live in one, rent out the other. Close proximity to freeway. Each house has 2 bedrooms, one bath, 857 square feet. Detached garages, 2 spaces each, plus a long driveway for additional parking. Residential investment properties in Riverside County are in great demand.
BEWARE OF DOGS AT FRONT HOUSE. Do not disturb tenants.

Last Agent to Sell the Property

Heike Mcinally

ACCESS BROKERAGE CORP. License #01273358 Listed on: 02/05/2016

Last Buyer's Agent

Connie Meeks

COLDWELL BANKER REALTY License #01961616

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,853

Year Built

  • Built in 1945

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Rural Setting
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,714 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 70
  • Assessor Parcel Number 170120023

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $1,845
  • Net Operating Income $18,033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,853

Year Built

Built in 1945

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 170120023
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 180.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 11.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 37.46
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 1845.00
  • Gross Scheduled Income: 22140.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 18033.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: No
  • Vacancy Allowance: 5

Tax Info

  • Tax Lot: 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2016
Closed on
Jun 1, 2016
Sold by
Stephens Jeffry W
Bought by
Roseti Daniel Joseph and Rosett Denise
Seller's Agent
Heike Mcinally
ACCESS BROKERAGE CORP.
Buyer's Agent
Connie Meeks
COLDWELL BANKER REALTY
List Price
$335,000
Sold Price
$310,000
Premium/Discount to List
-$25,000
-7.46%
Current Estimated Value
$579,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,996
Avg. Annual Appreciation
7.48%
Original Mortgage
$125,000
Outstanding Balance
$59,721
Interest Rate
3.64%
Mortgage Type
Commercial
Estimated Equity
$530,996
Source: Public Records

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Range of Values:

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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
Roseti Daniel Joseph $310,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roseti Daniel Joseph $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2016 07/12/16 Sold $310,000 -7.5% $181 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $335,000 -- $195 / 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
2023 $3,853 $345,807 $78,085 $267,722
2022 $3,789 $339,027 $76,554 $262,473
2021 $3,762 $332,380 $75,053 $257,327
2020 $3,729 $328,973 $74,284 $254,689
2019 $3,907 $322,524 $72,828 $249,696
2018 $3,900 $316,200 $71,400 $244,800
2017 $3,488 $310,000 $70,000 $240,000
2016 $881 $76,015 $15,777 $60,238
2015 $870 $74,875 $15,541 $59,334
2014 $812 $73,411 $15,238 $58,173
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16025457

California Regional Multiple Listing Service (CRMLS)

APN: 170-120-023