NOT LISTED FOR SALE

5005 Palma Ave Atascadero, CA 93422

Atascadero Area

Estimated Value: $1,117,000 - $1,526,000

8 Beds
4 Baths
4,140 Sq Ft
$318/Sq Ft Est. Value

Sale Details

Date Sold: January 18, 2018

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

Est. 61% increase in value since last sale

Current estimated payment $8,257 / mo

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

Year Built

  • Built in 1985

Lot Details

  • 18,696 Sq Ft 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

Amenities

  • Laundry Facilities

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

Year Built

Built in 1985

Lot Details

0.43 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2018
Sold by
Bought by
Current Estimated Value
$1,315,350

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 15, 2017
Sold by
Bought by
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
5.77%
Original Mortgage
$611,250
Interest Rate
0.0394%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 5, 2017
Sold by
Bought by
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
Interest Rate
0.0394%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2013
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$407,500 First American Title Co
$815,000 First American Title Co
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $611,250
Previous Owner $96,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Abbie Woodward

    Seller's Agent in 2018

    Abbie Woodward

    BHGRE HAVEN PROPERTIES

    (805) 440-8010

    31 Total Sales

    Abbie Woodward
    Section Image
  • John Cribb

    Seller Co-Listing Agent in 2018

    John Cribb

    BHGRE HAVEN PROPERTIES

    (805) 235-6204

    22 Total Sales

    John Cribb
    Section Image

  • I

    Buyer's Agent in 2018

    Irene Turnbull

    Turnbull Properties

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP17256219

California Regional Multiple Listing Service (CRMLS)

APN: 029-301-036

California San Luis Obispo County Atascadero 93422

5005 Palma Ave, Atascadero, CA

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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