K
Seller's Agent in 2023
Kim Scott
Kurt W. Tiedt
(951) 837-8212
2 in this area
8 Total Sales
501 Courier Ave Unit A-D Redlands, CA 92374
North Redlands NeighborhoodEstimated Value: $1,072,005 - $1,198,000
9
Beds
8
Baths
4,006
Sq Ft
$281/Sq Ft
Est. Value
Highlights
- Laundry Room
- Central Heating and Cooling System
- Front Yard
- Citrus Valley High School Rated A
About This Home
As of March 2023Great 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.
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,501
Avg. Annual Appreciation
7.40%
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
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
Average Home Value in this Area
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
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 |
|---|---|---|---|---|
| 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
-
Kim Scott
-
Cristian Camargo
Buyer's Agent in 2023
Cristian Camargo
Realty ONE Group Homelink
(909) 953-8300
4 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG23016338
APN: 0167-264-07
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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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