NOT LISTED FOR SALE

486 Richlee Dr Campbell, CA 95008

4 Beds
2 Baths
1,568 Sq Ft
6,621 Sq Ft Lot

Last Sold January 04, 2017

Last sale price $950,000 $606 Per Sq Ft

5 Days on Market

Highlights

  • Ground Level Unit
  • Ceramic Countertops
  • Level Lot
  • 2 Car Detached Garage
  • Tile Flooring
  • 1-Story Property

About This Home

As of January 2017

Fantastic opportunity to pick up a great rental property in a premium location. Very long term tenants on month to month. the rents are WAY below market and there is some deferred maintenance. The upside is awesome. fix/dd/combine units. a little creativity and the ROI gets really strong

Last Agent to Sell the Property

Brad Mortensen

Intero Real Estate Services License #00892723 Listed on: 11/25/2016

Intero Real Estate Services

Last Buyer's Agent

James Roberts

Coldwell Banker Residential Brokerage License #00938018

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Year Built

  • 1954

Lot Details

  • 6,621 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Ceramic Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Location

  • Ground Level Unit

Utilities

  • Wall Furnace
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $3,360

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gross Income $3,360

Property Details

Home Type

Multi-Family

Year Built

1954

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-M
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1568
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Kitchen: Countertop - Ceramic, Oven Range - Gas
  • Living Sq Ft: 1568
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Detached Garage, On Street, Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Community Sewer / Septic

Lot Info

  • Lot Description: Grade - Level, Ground Floor
  • Lot Acres: 0.1520
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6600.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 275.30
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 3360.00
  • Income Annual Rental: 3360
  • Income Gross Scheduled: 3360
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Miscellaneous/Other
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2017 01/04/17 Sold $950,000 +2.7% $606 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
11/25/2016 11/25/16 For Sale $925,000 -- $590 / Sq Ft
Source: MLSListings

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 $14,045 $1,102,552 $812,407 $290,145
2024 $14,045 $1,080,934 $796,478 $284,456
2023 $13,852 $1,059,740 $780,861 $278,879
2022 $13,776 $1,038,961 $765,550 $273,411
2021 $13,528 $1,018,590 $750,540 $268,050
2020 $13,177 $1,008,147 $742,845 $265,302
2019 $12,993 $988,380 $728,280 $260,100
2018 $12,590 $969,000 $714,000 $255,000
2017 $12,412 $950,000 $700,000 $250,000
2016 $1,764 $75,876 $24,762 $51,114
2015 $1,882 $74,738 $24,391 $50,347
2014 $1,732 $73,275 $23,914 $49,361
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brad Mortensen

    Intero Real Estate Services

    Section Image

  • J

    Buyer's Agent in 2017

    James Roberts

    Coldwell Banker Residential Brokerage

    Section Image
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Map

Source: MLSListings

MLS Number: ML81632604

MLSListings

APN: 288-12-017

California Santa Clara County Campbell 95008

486 Richlee Dr, Campbell, CA

Not Listed for Sale

MultiFamily

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