NOT LISTED FOR SALE

501 S University St Redlands, CA 92374

South Redlands Neighborhood

Estimated Value: $830,881 - $894,000

2 Beds
1 Bath
2,430 Sq Ft
$356/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $725,000 $298 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,313/month

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back Yard
  • Redlands Senior High School Rated A
  • Wall Furnace
  • 1-Story Property

About This Home

As of October 2021

Great Triplex next to Redlands High School and two blocks from the University of Redlands and close to downtown and shopping/restaurants. All units are 2 bed, 1 bath with private rear yards and each unit has a carport and washer/dryer hookups. Each cozy unit has a large kitchen with wood cabinets and a fireplace. There is lots of light in the living room and there are two good sized bedrooms. There is a bath with shower in tub. The exterior has a rear yard for each unit along with their own carport and storage. Gas and electric are separately metered. Homes are 2 blocks from the new train station going into the university. Great opportunity!

Last Agent to Sell the Property

Gabby Taylor

RE/MAX ADVANTAGE License #01382495 Listed on: 09/03/2021

RE/MAX ADVANTAGE

Last Buyer's Agent

Karen Urrutia

LIGHTHOUSE REALTY ASSOC INC License #01401508

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,956

Year Built

  • Built in 1954

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Back Yard

Home Design

  • Triplex

Interior Spaces

  • 2,430 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / 32
  • Assessor Parcel Number 0173121170000
  • $583 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,246
  • Trash Expense $1,644
  • Water Sewer Expense $2,604
  • Operating Expense $6,639
  • Gross Income $34,200
  • Net Operating Income $26,001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,956

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Price Per Unit: 241667
  • Property Attached: Yes
  • Water Sewer Expenses: 2604.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 0173121170000
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 298.35

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1644.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 11600.00
  • Lot Size Acres: 0.2663

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 34200.00
  • Gross Operating Income: 34200.00
  • Gross Scheduled Income: 34200.00
  • Insurance Expense: 1246.00
  • Lot Size Area: 11600.0000 Square Feet
  • Net Operating Income: 26001.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6639.00
  • Rent Control: No
  • Total Expenses: 6639.00

Tax Info

  • Tax Block: 32
  • Tax Census Tract: 84.03
  • Tax Lot: 7
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 583.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2021
Closed on
Sep 21, 2021
Sold by
Clayton Livingston Josephine and Clayton Josephine Livingston
Bought by
Espinoza Martha Jamileth and The Espinoza Family Trust
Seller's Agent
Gabby Taylor
RE/MAX ADVANTAGE
Buyer's Agent
Karen Urrutia
LIGHTHOUSE REALTY ASSOC INC
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$863,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,970
Avg. Annual Appreciation
4.47%
Original Mortgage
$543,750
Outstanding Balance
$494,772
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$369,198

Purchase Details

Closed on
Aug 26, 2020
Sold by
Livingston James L and Clayton Livingston Josephine
Bought by
Clayton Livingston Josephine

Purchase Details

Closed on
Jul 15, 2003
Sold by
Livingston Josephine and Clayton Josephine
Bought by
Livingston James L and Livingston Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 1996
Sold by
Livingston James
Bought by
Clayton Josephine

Purchase Details

Closed on
Mar 15, 1996
Sold by
Stokes Sidney A and Stokes Serene R
Bought by
Clayton Josephine

Purchase Details

Closed on
Feb 26, 1996
Sold by
Cranna James S and Stokes Stacey E
Bought by
Stokes Sidney A and Stokes Serene R
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
Espinoza Martha Jamileth $725,000 Ticor Title Company Of Ca
Clayton Livingston Josephine -- None Available
Livingston James L -- Orange Coast Title
Clayton Josephine -- Fidelity National Title Ins
Clayton Josephine -- Fidelity National Title Ins
Stokes Sidney A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinoza Martha Jamileth $543,750
Previous Owner Livingston James L $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2021 10/18/21 Sold $725,000 0.0% $298 / Sq Ft
09/03/2021 09/03/21 For Sale $725,000 -- $298 / 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 $8,956 $769,376 $153,875 $615,501
2024 $8,956 $754,290 $150,858 $603,432
2023 $8,945 $739,500 $147,900 $591,600
2022 $8,816 $725,000 $145,000 $580,000
2021 $2,627 $202,585 $53,716 $148,869
2020 $2,589 $200,508 $53,165 $147,343
2019 $2,518 $196,577 $52,123 $144,454
2018 $2,457 $192,723 $51,101 $141,622
2017 $2,437 $188,944 $50,099 $138,845
2016 $2,410 $185,240 $49,117 $136,123
2015 $2,393 $182,457 $48,379 $134,078
2014 $2,351 $178,883 $47,431 $131,452
Source: Public Records

Agents Affiliated with this Home

  • Gabby Taylor

    Seller's Agent in 2021

    Gabby Taylor

    RE/MAX

    (909) 633-3714

    9 in this area

    67 Total Sales

    Gabby Taylor
    Section Image
  • Karen Urrutia

    Buyer's Agent in 2021

    Karen Urrutia

    LIGHTHOUSE REALTY ASSOC INC

    (909) 906-0114

    2 in this area

    62 Total Sales

    Karen Urrutia
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21194328

California Regional Multiple Listing Service (CRMLS)

APN: 0173-121-17

California San Bernardino County Redlands 92374 South Redlands

501 S University St, Redlands, CA

This home is located at 501 S University St, Redlands, CA 92374 since 03 September 2021 and is currently estimated at $863,970, approximately $355 per square foot. This property was built in 1954. 501 S University St is a home located in San Bernardino County with nearby schools including Kingsbury Elementary School, Moore Middle School, and Redlands Senior 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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