NOT LISTED FOR SALE

Estimated Value: $1,296,000 - $1,834,000

4 Beds
3 Baths
1,870 Sq Ft
$856/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $1,600,000 $856 Per Sq Ft

Current estimated payment $10,043/month

16 Days on Market

Highlights

  • Golf Course Community
  • Property is near park
  • Lawn
  • Fremont Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of July 2022

Excellent Belmont Heights location, Two homes on a large lot (45' x 150'), plus a detached Studio Apartment, with 2 Car Detached Garage. The Front house is a 2 Bedroom, 1 Bath Unit, fully renovated with completely remodeled kitchen, new cabinetry, and granite countertops, tiled backsplash, tastefully remodeled bathroom, with quality fixtures and ceramic tile, upgraded electrical, copper plumbing re-pipe, new hardwood floors, all newer dual pane windows. Newer appliances, refrigerator, stove, & dishwasher. This large 6,736 sqft lot provides a nice yard between the two homes. The back house is a 2 bedroom, 1 bath home, with completely remodeled kitchen and bath, upgraded electrical, copper plumbing. hardwood floors, and newer dual pane windows. The Studio Apartment, has a quaint living area, small kitchen and a 3/4 bath. There is a pull down ladder to a loft area for the bed. Front house has laundry hookups in the garage, back house & studio apartment share an outdoor laundry facility. Upgraded electrical panel w/ 4 meters.

Last Agent to Sell the Property

John Lindberg

Re/Max R. E. Specialists License #01010112 Listed on: 05/26/2022

Re/Max R. E. Specialists

Co-Listed By

Jamee Lindberg

Re/Max R. E. Specialists License #01107487

Last Buyer's Agent

Brennan Rose

Arbor Real Estate License #02025222

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,717

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 6,736 Sq Ft Lot
  • Lot Dimensions are 45x150
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Rectangular Lot
  • Gentle Sloping Lot
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Interior Block Wall
  • Composition Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,870 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Storage
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Satellite Dish

Additional Features

  • Rain Gutters
  • Two Homes on a Lot
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 9 / 1
  • Tax Tract Number 5776
  • Assessor Parcel Number 7250016009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $2,856
  • Other Expense $5,717
  • Pest Control $648
  • Water Sewer Expense $1,620
  • Operating Expense $11,201
  • Gross Income $73,800
  • Net Operating Income $61,123

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,717

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.80
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 1620.00
  • Zoning: LBR1N
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 2856.00
  • Parcel Number: 7250016009
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Attic Fan, Block Walls, Ceiling Fan(s), Copper Plumbing Full, Pull Down Stairs to Attic, Storage
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 855.61
  • Room Type: Laundry
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Combination, Raised, Slab
  • Other Structures: Two On A Lot
  • Exterior Features: Rain Gutters, Satellite Dish
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Ice Maker, Refrigerator
  • Electric: Standard
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Outside, Washer Hookup
  • Pest Control Expense: 648.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Gentle Sloping, Lawn, Lot 6500-9999, Rectangular Lot, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size: 45x150
  • Lot Size Sq Ft: 6736.00
  • Lot Size Acres: 0.1546

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average Studio Area: 200 Square Feet
  • Electric Expense: 360.00
  • Gross Income: 73800.00
  • Gross Operating Income: 72324.00
  • Gross Scheduled Income: 73800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6736.0000 Square Feet
  • Net Operating Income: 61123.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11201.00
  • Other Expense: 5717.00
  • Other Expense Description: taxes
  • Rent Control: Yes
  • Total Actual Rent: 6150.00
  • Total Expenses: 11201.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5776.06
  • Tax Lot: 9
  • Tax Tract Number: 5776
  • Tax Annual Amount: 5717.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 17, 2022
Sold by
Scales Donald L and Scales Christine M
Bought by
Savage Ventures I Llc
Seller's Agent
John Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Brennan Rose
Arbor Real Estate
List Price
$1,595,000
Sold Price
$1,600,000
Premium/Discount to List
$5,000
0.31%
Current Estimated Value
$1,601,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,201
Avg. Annual Appreciation
0.02%
Original Mortgage
$1,120,000
Outstanding Balance
$1,048,454
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$552,747

Purchase Details

Closed on
Jun 19, 2015
Sold by
Scales Donald L and Scales Christine M
Bought by
Scales Donald L and Scales Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 1999
Sold by
Dimario Theda R and The Theda R Dimario Revocable
Bought by
Scales Don and Scales Christie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
6.79%

Purchase Details

Closed on
May 9, 1996
Sold by
Dimario Theda R
Bought by
Dimario Theda R and The Theda R Dimario Revocable
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Savage Ventures I Llc $1,600,000 Fidelity National Title
Scales Donald L -- Equity Title Company
Scales Don $300,000 North American Title Co
Dimario Theda R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Savage Ventures I Llc $1,120,000
Previous Owner Scales Donald L $472,500
Previous Owner Scales Don $274,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $1,600,000 +0.3% $856 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $1,595,000 -- $853 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,742 $1,664,640 $1,082,016 $582,624
2024 $20,742 $1,632,000 $1,060,800 $571,200
2023 $20,400 $1,600,000 $1,040,000 $560,000
2022 $5,836 $450,554 $348,633 $101,921
2021 $5,717 $441,721 $341,798 $99,923
2020 $5,703 $437,193 $338,294 $98,899
2019 $5,637 $428,621 $331,661 $96,960
2018 $5,417 $420,217 $325,158 $95,059
2016 $4,984 $403,902 $312,533 $91,369
2015 $4,786 $397,836 $307,839 $89,997
2014 -- $390,044 $301,809 $88,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22112627

California Regional Multiple Listing Service (CRMLS)

APN: 7250-016-009

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