NOT LISTED FOR SALE
8 Beds
4 Baths
3,000 Sq Ft
0.94 Acre Lot

Sale Details

Date Sold: February 28, 2017

Last sale price $1,060,000 $353 Per Sq Ft

62 Days on Market

Highlights

  • 0.94 Acre Lot
  • Laundry Facilities
  • 1-Story Property
  • No HOA

About This Home

As of February 2017

5 duplexes & 1 cottage, 3 garages and a separate laundry building on 2 parcels totaling 1.68 acres. Older units that have been updated and well maintained. Each unit has a fenced yard. There are 9 units on the front lot and a single duplex on the rear lot. The City of Manteca has indicated the property is zoned Medium Density Residential and an additional 6-11 units could be built on the back parcel. Low vacancy and good income make these units a unique opportunity for the investor.

Last Agent to Sell the Property

Steve Reid

Keller Williams Realty License #00482297 Listed on: 10/04/2016

Keller Williams Realty

Last Buyer's Agent

Sheri Pritchett

Cornerstone Real Estate Group License #01304006

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.94

Parking

  • 1 Parking Space Included

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • 41,160 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 223-120-07

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 11 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Leased Units
  • Operating Expense $36,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0.94 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1946
  • Stories: 1
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,See Remarks
  • Listing Price: 1150000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Guest Parking Available,Varies by Unit,1+ Space Per Unit

Utilities

  • Cooling: Varies by Unit
  • Heating: Varies by Unit
  • Laundry Features: Washer/Dryer Owned

Condo/Co-op/Association

  • Association Features: Manager's Office,Yard Space,Varies By Unit,See Remarks
  • Association: No

Schools

  • Senior High School District: Manteca Unified

Lot Info

  • Zoning Description: Medium Density Residential
  • Lot Size Acres: 0.9449
  • Lot Size Sq Ft: 41160

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 11

Multi Family

  • Operating Expense: 36950
  • Income Includes: Coin Operated Equipment,Laundry
  • Number of Leased Units: 11
  • Number of Units: 11
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 223-120-07

MLS Schools

  • School District (County): San Joaquin

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2016
Closed on
Feb 22, 2017
Sold by
Bought by
Seller's Agent
Steve Reid
Keller Williams Realty
Buyer's Agent
Sheri Pritchett
Cornerstone Real Estate Group
List Price
$1,150,000
Sold Price
$1,060,000
Premium/Discount to List
-$90,000
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,000
Interest Rate
0.0412%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 4, 2016
Closed on
Feb 7, 2017
Sold by
Bought by
Seller's Agent
Steve Reid
Keller Williams Realty
Buyer's Agent
Sheri Pritchett
Cornerstone Real Estate Group
List Price
$1,150,000
Sold Price
$1,060,000
Premium/Discount to List
-$90,000
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,000
Interest Rate
0.0412%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
0.0574%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
0.0617%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 1, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
0.0617%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 1999
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Company
$1,060,000 First American Title Company
-- Ticor Title Company Of Ca
-- Ticor Title Company Of Ca
-- Old Republic Title Co
-- --
$369,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $721,000
Closed $689,000
Previous Owner $682,500
Previous Owner $154,000
Previous Owner $20,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/28/2017 02/28/17 Sold $1,060,000 -7.8% $353 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
10/04/2016 10/04/16 For Sale $1,150,000 -- $383 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2020 $9,444 $854,272 $143,263 $711,009
2019 $9,323 $837,522 $140,454 $697,068
2018 $9,201 $821,100 $137,700 $683,400
2017 $6,728 $594,135 $343,006 $251,129
2016 $6,568 $582,485 $336,280 $246,205
2014 $4,849 $450,000 $175,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16065079

MetroList
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