NOT LISTED FOR SALE

Estimated Value: $794,000 - $869,000

8 Beds
4 Baths
3,376 Sq Ft
$246/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $615,000 $182 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,806/month

88 Days on Market

About This Home

As of December 2019

Great opportunity for investors, great income property 4 units.Each unit 2bd/1ba with good size of WIC in quiet excellent area close to freeways,restaurants and many retail shops.current rent is below the market,great potential to raise the rent.Great tenants that pay rent on time, and want to stay.HOA $260 covers trash,landscape maint,watering and HOA mang.Total rent=3920,laundary room for all tenants. Hurry submit offer before it's too late!!!

Last Agent to Sell the Property

Parveen Ahmed

Sterling Royal Real Estate License #02007942 Listed on: 07/19/2019

Sterling Royal Real Estate

Last Buyer's Agent

Howard Hayes

Sun Valley Real Estate License #01950286

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,731

Year Built

  • Built in 1963

Lot Details

  • 2,875

HOA Fees

  • $260 Monthly HOA Fees

Home Design

  • Quadruplex
  • Split Level Home
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • City Views

Additional Features

  • 2,875 Sq Ft Lot
  • 220 Volts

Listing and Financial Details

  • Tenant pays for electricity gas rent only
  • Assessor Parcel Number 228-0620-009-0000

Community Details

Overview

  • 4 Units
  • Madison Place Owners Association, Phone Number (916) 537-2407

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,731

Year Built

Built in 1963

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1963
  • Levels: MultiSplit
  • Stories: 2
  • Number of Two Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Refrigerator,Gas Water Heater
  • Flooring: Carpet,Laminate,Tile
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stone,Stucco
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available,Rental/Lease Agmts,Transfer Disclosure Statement
  • Foundation: Slab
  • Listing Price: 629000.00
  • Roof: Composition
  • View Description: City

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s),Window Unit(s)
  • Electric: 220 Volts
  • Heating: Natural Gas,Wall Furnace
  • Laundry Features: Washer/Dryer Owned,Washer/Dryer
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Separate Laundry Facility,Yard Space
  • Association Fee: 260
  • Association Fee Frequency: Monthly
  • Association Name: Madison Place Owners Association
  • Association Phone: (916) 537-2407
  • Association: Yes

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: RD30
  • Lot Size Acres: 0.0660
  • Lot Size Sq Ft: 2875

Rental Info

  • Tenant Pays: Electricity,Gas,Rent Only
  • Total # Leasable: 4

Multi Family

  • Gross Income: 47040
  • Income Includes: Rent Only
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 4
  • Units Furnished: None
  • Gross Income Multiplier: 0.078

Tax Info

  • Assessor Parcel Number: 228-0620-009-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Dec 10, 2019
Sold by
Rydhan Mohammad Farooq and Rydhan Mumtaz Farooq
Bought by
Green Keisha
Seller's Agent
Parveen Ahmed
Sterling Royal Real Estate
Buyer's Agent
Howard Hayes
Sun Valley Real Estate
List Price
$649,000
Sold Price
$615,000
Premium/Discount to List
-$34,000
-5.24%
Current Estimated Value
$829,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,667
Avg. Annual Appreciation
5.34%
Original Mortgage
$676,500
Outstanding Balance
$600,128
Interest Rate
3.7%
Mortgage Type
Construction
Estimated Equity
$229,539

Purchase Details

Listed on
Oct 19, 2016
Closed on
Nov 14, 2016
Sold by
Khatri Jitendra J and Khatri Alpa J
Bought by
Rydhan Mohammad Farooq and Rydhan Mumtaz Farooq
Seller's Agent
Ron Benning
LPT Realty, Inc
Buyer's Agent
Parveen Ahmed
Sterling Royal Real Estate
List Price
$349,000
Sold Price
$349,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.27%

Purchase Details

Closed on
Oct 17, 2008
Sold by
U S Bank National Association
Bought by
Khatri Jitendra J and Khatri Alpa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,367
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2008
Sold by
Jerge Mike and Jerge Veronica
Bought by
U S Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,367
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2004
Sold by
Chappell Gerald L and Dryden Gary W
Bought by
Jerge Mike and Jerge Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Green Keisha $615,000 Fidelity National Title Co
Rydhan Mohammad Farooq $349,000 Chicago Title Company
Khatri Jitendra J $224,500 First American Title Company
U S Bank Na $270,000 Fatco
Jerge Mike $400,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Keisha $676,500
Previous Owner Khatri Jitendra J $168,367
Previous Owner Jerge Mike $447,000
Previous Owner Jerge Mike $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $615,000 -2.2% $182 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
09/06/2019 09/06/19 Price Changed $629,000 -1.6% $186 / Sq Ft
08/19/2019 08/19/19 Price Changed $639,000 -1.5% $189 / Sq Ft
07/19/2019 07/19/19 For Sale $649,000 +86.0% $192 / Sq Ft
11/16/2016 11/16/16 Sold $349,000 0.0% $99 / Sq Ft
10/25/2016 10/25/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $349,000 -- $99 / 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 $12,731 $672,586 $204,465 $468,121
2024 $12,731 $659,399 $200,456 $458,943
2023 $11,238 $646,471 $196,526 $449,945
2022 $9,963 $633,796 $192,673 $441,123
2021 $8,874 $621,370 $188,896 $432,474
2020 $7,082 $615,000 $186,960 $428,040
2019 $4,217 $363,098 $110,381 $252,717
2018 $4,006 $355,979 $108,217 $247,762
2017 $4,110 $349,000 $106,096 $242,904
2016 $3,012 $250,193 $76,145 $174,048
2015 $2,829 $246,436 $75,002 $171,434
2014 $2,886 $241,609 $73,533 $168,076
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MetroList

MLS Number: 19050337

MetroList

APN: 228-0620-009