NOT LISTED FOR SALE

501 Courier Ave Unit A-D Redlands, CA 92374

North Redlands Neighborhood

Estimated Value: $1,098,395 - $1,202,000

9 Beds
8 Baths
4,006 Sq Ft
$288/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $962,500 $240 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,709/month

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Front Yard
  • Citrus Valley High School Rated A

About This Home

As of March 2023

Great opportunity to own a 4-Plex with long-term tenants, good cash-flow and room to increase rents. The property consists of 4 spacious units, (1) 3-bedoomr/2-bath and (3) 2-bedroom/2-bath. Central location in Redlands, very close to University of Redlands and downtown. Each unit comes with a 1-car garage for the tenants convenience. There is also on-site laundry room that represents an additional revenue stream for the owner.

Last Agent to Sell the Property

Kim Scott

Kurt W. Tiedt License #01370177 Listed on: 04/03/2023

Last Buyer's Agent

Cristian Camargo

Realty ONE Group Homelink License #02052757

Realty ONE Group Homelink

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,657

Year Built

  • Built in 1981

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Front Yard

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Planned Development

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 32
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167264070000

Community Details

Overview

  • 4 Units
  • Mountain View Association

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $409
  • Fuel Expense $2,654
  • Pest Control $600
  • Professional Management Expense $1,266
  • Water Sewer Expense $3,169
  • Operating Expense $7,498
  • Gross Income $1,126
  • Net Operating Income $16,397

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,657

Year Built

Built in 1981

Lot Details

0

HOA Fees

$570 per month

Parking

4

Listing Details

  • Other Phone Description: Kim Scott
  • Other Phone Number: 9518378212
  • Price Per Unit: 250000
  • Professional Management Expense: 1266.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3169.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0167264070000
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 240.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 570.00
  • Association Fee Frequency: Monthly
  • Association Name: Mountain View
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 12180.00
  • Lot Size Acres: 0.2796
  • Latitude Manual: 34.06929200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 409.00
  • Fuel Expense: 2654.00
  • Gross Income: 1126.00
  • Gross Scheduled Income: 62244.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1126.00
  • Lot Size Area: 12180.0000 Square Feet
  • Net Operating Income: 16397.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 45847.00
  • Rent Control: No
  • Total Expenses: 7498.00

Tax Info

  • Tax Lot: 32
  • Tax Tract Number: 10141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Mar 9, 2023
Sold by
Trummeter Family Trust
Bought by
Rac Investments Llc
Seller's Agent
Kim Scott
Kurt W. Tiedt
Buyer's Agent
Cristian Camargo
Realty ONE Group Homelink
List Price
$1,000,000
Sold Price
$962,500
Premium/Discount to List
-$37,500
-3.75%
Current Estimated Value
$1,126,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,073
Avg. Annual Appreciation
6.47%

Purchase Details

Closed on
Jun 15, 2011
Sold by
Trummeter Robert
Bought by
Trummeter Robert J and Scott Trummetter Kimberly C

Purchase Details

Closed on
Jun 26, 2001
Sold by
Childs Antonio
Bought by
Nationscredit Financial Services Corp

Purchase Details

Closed on
Jan 4, 2000
Sold by
Blue Diamond Unlimited Inc
Bought by
Childs Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,976
Interest Rate
7.72%

Purchase Details

Closed on
Oct 13, 1999
Sold by
Martin Michael
Bought by
Johnson Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,451
Interest Rate
7.82%

Purchase Details

Closed on
Feb 9, 1999
Sold by
Ocwen Federal Bank Fsb
Bought by
Martin Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,030
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 1998
Sold by
Prato Maria S
Bought by
Ocwen Federal Bank Fsb

Purchase Details

Closed on
Jun 10, 1998
Sold by
Prato Maria S
Bought by
Sierralta Victor A

Purchase Details

Closed on
Dec 4, 1997
Sold by
Harris Carl
Bought by
Prato Maria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
7.31%

Purchase Details

Closed on
Nov 13, 1997
Sold by
Prato Fabian A
Bought by
Prato Maria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
7.31%

Purchase Details

Closed on
Oct 31, 1995
Sold by
Barker Scott J
Bought by
Vre Mountain View Associates Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.97%

Purchase Details

Closed on
Sep 27, 1995
Sold by
Vre Mountain View Associates Ltd
Bought by
Barber Scott J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.97%

Purchase Details

Closed on
Sep 26, 1995
Sold by
Barker Kathy L
Bought by
Barker Scott J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.97%

Purchase Details

Closed on
Jul 20, 1994
Sold by
Barker Kathy L
Bought by
Barker Scott J
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Rac Investments Llc $962,500 --
Trummeter Robert J -- None Available
Nationscredit Financial Services Corp $189,900 American Title
Childs Antonio $339,000 First American Title Ins Co
Blue Diamond Unlimited -- First American Title Ins Co
Johnson Roy $182,000 Chicago Title Co
Martin Michael $146,000 Chicago Title Co
Ocwen Federal Bank Fsb $139,826 Fidelity National Title Ins
Sierralta Victor A -- First Southwestern Title
Prato Maria S $295,000 American Title Ins Co
Prato Maria S -- American Title
Vre Mountain View Associates Ltd -- --
Barber Scott J -- Orange Coast Title
Barker Scott J -- Orange Coast Title
Barker Scott J -- Orange Coast Title Co
Barker Scott J -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trummeter Robert J $175,800
Previous Owner Trummeter Robert $205,000
Previous Owner Childs Antonio $320,976
Previous Owner Johnson Roy $179,451
Previous Owner Martin Michael $145,030
Previous Owner Prato Maria S $221,250
Previous Owner Barber Scott J $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2023 04/03/23 For Sale $1,000,000 +3.9% $250 / Sq Ft
03/23/2023 03/23/23 Sold $962,500 -- $240 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
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 $11,657 $1,001,385 $197,676 $803,709
2024 $11,657 $981,750 $193,800 $787,950
2023 $4,669 $379,678 $88,034 $291,644
2022 $4,602 $557,545 $107,220 $450,325
2021 $4,685 $364,935 $84,616 $280,319
2020 $4,617 $361,193 $83,748 $277,445
2019 $4,489 $354,111 $82,106 $272,005
2018 $4,380 $347,168 $80,496 $266,672
2017 $4,343 $340,361 $78,918 $261,443
2016 $4,295 $333,688 $77,371 $256,317
2015 $4,264 $328,676 $76,209 $252,467
2014 $4,189 $322,238 $74,716 $247,522
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kim Scott

    Kurt W. Tiedt

    (951) 837-8212

    2 in this area

    8 Total Sales

    Section Image
  • Cristian Camargo

    Buyer's Agent in 2023

    Cristian Camargo

    Realty ONE Group Homelink

    (909) 953-8300

    4 in this area

    17 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG23016338

California Regional Multiple Listing Service (CRMLS)

APN: 0167-264-07

California San Bernardino County Redlands 92374 North Redlands

501 Courier Ave Unit A-D, Redlands, CA

This home is located at 501 Courier Ave Unit A-D, Redlands, CA 92374 since 03 April 2023 and is currently estimated at $1,154,099, approximately $288 per square foot. This property was built in 1981. 501 Courier Ave Unit A-D is a home located in San Bernardino County with nearby schools including Lugonia Elementary School, Moore Middle School, and Citrus Valley 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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