NOT LISTED FOR SALE

5005 Palma Ave Atascadero, CA 93422

Estimated Value: $1,242,000 - $1,507,000

8 Beds
4 Baths
4,140 Sq Ft
$330/Sq Ft Est. Value

Last Sold January 18, 2018

Last sale price $815,000 $197 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,558/month

8 Days on Market

Highlights

  • No Units Above
  • Traditional Architecture
  • No HOA
  • Open Floorplan
  • Corner Lot
  • Neighborhood Views

About This Home

As of January 2018

A great investment opportunity located on the Northeast side of Atascadero. Located on the corner of San Jacinto and Palma, each of the four units has 2 bedrooms, 1 bath, separate laundry hookups, private patios and a single car garage (except #1 which has 2 single garages). There is also additional onsite parking. Each kitchen has a pantry. Appliances other than stoves belong to the tenants. Square footage ranges from 977 - 1122. This property has been well cared for and is fully rented with long term tenants. Owner financing with 25% down payment. Information not verified.

Last Agent to Sell the Property

Abbie Woodward

BHGRE HAVEN PROPERTIES License #00866353 Listed on: 11/13/2017

BHGRE HAVEN PROPERTIES

Co-Listed By

John Cribb

BHGRE HAVEN PROPERTIES License #00979401

Last Buyer's Agent

Irene Turnbull

Turnbull Properties License #00932030

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,416

Year Built

  • Built in 1985

Lot Details

  • 0.43 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Northeast Facing Home
  • Wood Fence
  • Fence is in average condition
  • Corner Lot
  • Rectangular Lot

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Up Slope from Street
  • Driveway Up Slope From Street
  • Parking Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Tile Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,140 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas and Electric Range
  • Range Hood
  • Tile Countertops
  • Formica Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 029301036

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,180
  • Maintenance Expense $9,072
  • Supplies Expense $422
  • Trash Expense $1,166
  • Water Sewer Expense $1,133
  • New Taxes Expense $10,188
  • Operating Expense $23,271
  • Gross Income $44,675
  • Net Operating Income $24,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,416

Year Built

Built in 1985

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: ATNortheast(10)
  • Supplies Expense: 422.00
  • View: Yes
  • Water Sewer Expenses: 1133.00
  • Zoning: MF10
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 029301036
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Open Floorplan, Pantry, Tile Counters, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 196.86
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Concrete Perimeter
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Asphalt, Driveway Up Slope From Street, Garage Faces Front, Garage - Single Door, Garage Door Opener, Parking Space
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Gas Water Heater, Range Hood
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1166.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Rectangular Lot, Up Slope from Street
  • Lot Size Sq Ft: 18696.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 44675.00
  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 2180.00
  • Maintenance Expense: 9072.00
  • Net Operating Income: 24600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 24000.00
  • Rent Control: No
  • Total Actual Rent: 4050.00
  • Total Expenses: 23271.00

Tax Info

  • New Taxes Expense: 10188.00
  • Tax Census Tract: 125.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2018
Sold by
Turnbull Irene and The Turnbull Living Trust
Bought by
Turnbull Irene and The Irene Turnbull Revocable L
Current Estimated Value
$1,373,995

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 15, 2017
Sold by
Kellett Laurence E and Kellett Kenneth E
Bought by
Kellett Kenneth E and Kellett Darience F K
Seller's Agent
Abbie Woodward
BHGRE HAVEN PROPERTIES
Buyer's Agent
Irene Turnbull
Turnbull Properties
List Price
$815,000
Sold Price
$815,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$611,250
Outstanding Balance
$515,822
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$851,815

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 5, 2017
Sold by
Kellett Kenneth E and Kellett Darlene F
Bought by
Turnbull Irene and Irene Turnbull Living Trust
Seller's Agent
Abbie Woodward
BHGRE HAVEN PROPERTIES
Buyer's Agent
Irene Turnbull
Turnbull Properties
List Price
$815,000
Sold Price
$815,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,250
Outstanding Balance
$515,822
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$851,815

Purchase Details

Closed on
Aug 30, 2013
Sold by
Kellett Kenneth E and Kellett Darlene F
Bought by
Kellett Kenneth E and Kellett Darlene F
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
Turnbull Irene -- None Available
Kellett Kenneth E $407,500 First American Title Co
Turnbull Irene $815,000 First American Title Co
Kellett Kenneth E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turnbull Irene $611,250
Previous Owner Kellett Kenneth E $96,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2018 01/18/18 Sold $815,000 0.0% $197 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
11/13/2017 11/13/17 For Sale $815,000 -- $197 / 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
2025 $12,416 $927,326 $398,238 $529,088
2024 $12,411 $909,144 $390,430 $518,714
2023 $12,411 $891,319 $382,775 $508,544
2022 $11,918 $873,843 $375,270 $498,573
2021 $11,412 $856,710 $367,912 $488,798
2020 $11,051 $847,926 $364,140 $483,786
2019 $10,623 $831,300 $357,000 $474,300
2018 $5,778 $421,234 $108,839 $312,395
2017 $5,684 $412,975 $106,705 $306,270
2016 $5,591 $404,878 $104,613 $300,265
2015 $5,521 $398,797 $103,042 $295,755
2014 $5,127 $390,986 $101,024 $289,962
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP17256219

California Regional Multiple Listing Service (CRMLS)

APN: 029-301-036