NOT LISTED FOR SALE

4584 S Terrace Ave Lakeport, CA 95453

Estimated Value: $515,000 - $825,629

11 Beds
6 Baths
4,915 Sq Ft
$136/Sq Ft Est. Value

Last Sold January 03, 2014

Last sale price $376,100 $77 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,114/month

30 Days on Market

Highlights

  • No HOA
  • Clear Lake High School Rated A-
  • Rectangular Lot

About This Home

As of January 2014

5 Unit Apartment building in North Lakeport. Four units are 2 bed, 1 bath. One unit is 3+2. Single car garage is a plus, with a separate Laundry room. Each unit has a covered parking area, with actual walk in storage. Units have baseboard heaters with thermostat controls. All Dual Pane Windows. Underground Utilities. Walk to the Lake just down the street. Very close to Hospital. Mature neighborhood. All units are currently rented.

Last Agent to Sell the Property

Heather Fisher

Better Homes & Gardens - Wine Country Group License #01225791 Listed on: 11/18/2013

Better Homes & Gardens - Wine Country Group

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,586

Year Built

  • Built in 1983

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Rectangular Lot
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 5 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,915 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, HVAC maintenance
  • Assessor Parcel Number 0291212900

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $2,130
  • Trash Expense $1,560
  • Water Sewer Expense $3,048
  • New Taxes Expense $4,368
  • Gross Income $3,515
  • Net Operating Income $30,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,586

Year Built

Built in 1983

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3048.00
  • Property Type: Residential Income
  • Parcel Number: 0291212900
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 76.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 1560.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12673.00
  • Lot Size Acres: 0.2910

Rental Info

  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1315
  • Electric Expense: 480.00
  • Gross Income: 3515.00
  • Gross Scheduled Income: 42180.00
  • Insurance Expense: 2130.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12673.0000 Square Feet
  • Net Operating Income: 30594.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Other Income Description: garage avail- not curr. rented
  • Rent Control: No
  • Total Actual Rent: 3515.00

Tax Info

  • New Taxes Expense: 4368.00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2013
Closed on
Dec 26, 2013
Sold by
Alman Larry I
Bought by
Arata Ronald J
Seller's Agent
Heather Fisher
Better Homes & Gardens - Wine Country Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$375,000
Sold Price
$376,100
Premium/Discount to List
$1,100
0.29%
Current Estimated Value
$669,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,557
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Jun 27, 2003
Sold by
Alman Larry I and Alman Katri A
Bought by
Alman Larry I
Source: Public Records

Range of Values:

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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
Arata Ronald J $376,500 First American Title Company
Alman Larry I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arata Ronald J $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2014 01/03/14 Sold $376,100 +0.3% $77 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
11/18/2013 11/18/13 For Sale $375,000 -- $76 / 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
2024 $5,586 $451,995 $90,132 $361,863
2023 $5,483 $443,133 $88,365 $354,768
2022 $5,387 $434,445 $86,633 $347,812
2021 $5,339 $425,928 $84,935 $340,993
2020 $5,175 $421,562 $84,065 $337,497
2019 $5,706 $413,297 $82,417 $330,880
2018 $4,595 $405,194 $80,801 $324,393
2017 $4,573 $397,250 $79,217 $318,033
2016 $4,479 $389,462 $77,664 $311,798
2015 -- $383,613 $76,498 $307,115
2014 -- $336,139 $60,322 $275,817
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2014

    Heather Fisher

    Better Homes & Gardens - Wine Country Group

    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,802 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC13233571

California Regional Multiple Listing Service (CRMLS)

APN: 029-121-290-000

California Lake County Lakeport 95453

4584 S Terrace Ave, Lakeport, CA

This home is located at 4584 S Terrace Ave, Lakeport, CA 95453 since 18 November 2013 and is currently estimated at $669,657, approximately $136 per square foot. This property was built in 1983. 4584 S Terrace Ave is a home located in Lake County with nearby schools including Lakeport Elementary School, Terrace Middle School, and Clear Lake 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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