NOT LISTED FOR SALE

Estimated Value: $1,574,778 - $1,639,000

9 Beds
9 Baths
6,183 Sq Ft
$258/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $1,565,000 $253 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,842/month

121 Days on Market

Highlights

  • 0.36 Acre Lot
  • Midcentury Modern Architecture
  • Vaulted Ceiling
  • Pioneer Elementary School Rated A
  • Deck
  • No HOA

About This Home

As of October 2022

Instant equity! Property includes three nearly identical units 2,061 square feet EACH. Units are 3 bedroom, 2.5 bath, loft, vaulted ceilings, 2 car garage with laundry, and yard. Each unit has primary en suite bedroom/bathroom on the ground floor. Property is located in South Davis and backs to Pioneer Park - adjacent to Pioneer Elementary. Excellent freeway access and nearby Nugget market, Starbucks, and restaurants. This property has the feeling of three homes rather than a multi-family property. Appraised in June for $1,950,000 with current monthly rents of $9,300. Roof, hvac, pest and City Repairs complete.

Last Agent to Sell the Property

Lori Prizmich

RE/MAX Gold Davis License #01501948 Listed on: 05/23/2022

RE/MAX Gold Davis

Last Buyer's Agent

Meraj Khan

Better Homes and Gardens RE Reliance License #01465802

Better Homes and Gardens RE Reliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,870

Year Built

  • Built in 1987

Lot Details

  • 0.36 Acre Lot
  • Fenced Yard
  • Level Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Triplex
  • Midcentury Modern Architecture
  • Planned Development
  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 068-032-002-000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,870

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Planned Unit Develop
  • Property Subtype 1: Triplex
  • Stories: 2
  • Year Built: 1987
  • Architectural Style: Mid-Century
  • Levels: Two
  • Stories: 2
  • Number of Three Bedroom Units: 3
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
  • Interior Amenities: Vaulted Ceiling(s)
  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 234.95
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame, Wood
  • Disclosures/Documents: Pest Control Report Clear, Preliminary Title Report, Disclosure Package Available, Roof Inspection, Seller Property Questionnaire, Fireplace Inspection, Furnace Inspection, Structural Pest Control Report, Transfer Disclosure Statement
  • Exterior Features: Fenced Yard
  • Foundation: Concrete, Slab
  • Listing Price: 1535000.00
  • Lot Features: Other
  • Patio And Porch Features: Uncovered Deck, Uncovered Patio
  • Roof: Composition
  • Topography: Level

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking Features: Garage
  • Total Parking Spaces: 6.00
  • Independent Parking Spaces: 2

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected, Public Sewer
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts
  • Heating: Central, Fireplace(s)
  • Laundry Features: In Each Unit, Laundry Closet, Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Davis Unified

Lot Info

  • Zoning Description: PD
  • Irrigation: Public District, None
  • Lot Size Acres: 0.3600
  • Lot Size Sq Ft: 15682.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Lease Term: Written Agreements
  • Lease Deposit: 4200
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 2
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 068-032-002-000
  • Current RE Taxes: 8870
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Yolo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2023
Sold by
Gandra Jnanedar Reddy and Gandra Uma Chejeti
Bought by
Reddy Family Trust
Current Estimated Value
$1,596,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Outstanding Balance
$1,033,764
Interest Rate
5.5%
Mortgage Type
Construction
Estimated Equity
$562,829

Purchase Details

Listed on
May 23, 2022
Closed on
Oct 12, 2022
Sold by
Bradshaw Terese and Bradshaw Paul R
Bought by
Reddy Family Trust
Seller's Agent
Lori Prizmich
RE/MAX Gold Davis
Buyer's Agent
Meraj Khan
Better Homes and Gardens RE Reliance
List Price
$1,980,000
Sold Price
$1,565,000
Premium/Discount to List
-$415,000
-20.96%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.61%
Original Mortgage
$1,074,500
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2018
Sold by
Bradshaw Paul and Bradshaw Terese
Bought by
Hornung Richard and Hornung Robin

Purchase Details

Closed on
May 17, 2001
Sold by
Ravano Robert
Bought by
Bradshaw Paul R and Bradshaw Terese

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,000
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reddy Family Trust -- None Listed On Document
Gandra Jnanedar Reddy -- None Listed On Document
Reddy Family Trust $1,535,000 Placer Title
Hornung Richard -- North American Title Company
Bradshaw Paul R $472,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gandra Jnanedar Reddy $1,070,000
Previous Owner Reddy Family Trust $1,074,500
Previous Owner Bradshaw Paul R $354,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $1,565,000 -1.9% $253 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
09/15/2022 09/15/22 Price Changed $1,595,000 -5.9% $258 / Sq Ft
08/19/2022 08/19/22 Price Changed $1,695,000 -5.6% $274 / Sq Ft
08/14/2022 08/14/22 Price Changed $1,795,000 -5.3% $290 / Sq Ft
06/22/2022 06/22/22 Price Changed $1,895,000 -4.3% $306 / Sq Ft
05/23/2022 05/23/22 For Sale $1,980,000 -- $320 / Sq Ft
Source: MetroList

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 $18,917 $1,597,014 $416,160 $1,180,854
2023 $18,917 $1,535,000 $400,000 $1,135,000
2022 $9,077 $670,191 $198,783 $471,408
2021 $8,870 $657,051 $194,886 $462,165
2020 $8,729 $650,315 $192,888 $457,427
2019 $8,379 $637,564 $189,106 $448,458
2018 $7,809 $625,064 $185,399 $439,665
2017 $7,650 $612,809 $181,764 $431,045
2016 $7,572 $600,794 $178,200 $422,594
2015 $7,313 $591,771 $175,524 $416,247
2014 $7,313 $580,180 $172,086 $408,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222067368

MetroList

APN: 068-032-002-000