NOT LISTED FOR SALE

511 Courier Ave Redlands, CA 92374

North Redlands Neighborhood

Estimated Value: $1,098,943 - $1,188,000

9 Beds
8 Baths
3,880 Sq Ft
$298/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $962,500 $248 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,675/month

5 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 4 Car Garage
  • Citrus Valley High School Rated A
  • Central Heating and Cooling System

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: 02/22/2023

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

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Lawn

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,880 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 6
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167264060000

Community Details

Overview

  • 4 Units
  • Mountain View Association

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $409
  • Fuel Expense $3,105
  • Insurance Expense $2,788
  • Maintenance Expense $9,995
  • Pest Control $883
  • Professional Management Expense $1,266
  • Water Sewer Expense $5,043
  • Operating Expense $13,494
  • Gross Income $66,036
  • Net Operating Income $52,542

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 Number: 4242326266
  • Price Per Unit: 250000
  • Professional Management Expense: 1266.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5043.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0167264060000
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 248.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 883.00
  • 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
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 12600.00
  • Lot Size Acres: 0.2893
  • Latitude Manual: 34.06925400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 409.00
  • Fuel Expense: 3105.00
  • Gross Income: 66036.00
  • Gross Scheduled Income: 66036.00
  • Insurance Expense: 2788.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12600.0000 Square Feet
  • Maintenance Expense: 9995.00
  • Net Operating Income: 52542.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13494.00
  • Rent Control: No
  • Total Actual Rent: 66036.00
  • Total Expenses: 13494.00

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 10141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Mar 3, 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%
Views
25
Current Estimated Value
$1,125,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,210
Avg. Annual Appreciation
6.25%

Purchase Details

Closed on
Feb 6, 2013
Sold by
Trummeter Robert J and Scott Trummeter Kimberly C
Bought by
Trummeter Robert J and Scott Trummeter Kimberly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,239
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2011
Sold by
Scott Kimberly C and Scott Trummeter Kimberly C
Bought by
Trummeter Robert J and Scott Trummeter Kimberly C

Purchase Details

Closed on
Aug 7, 2002
Sold by
Ramirez Erika
Bought by
Scott Kimberly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.51%

Purchase Details

Closed on
Nov 30, 2001
Sold by
Flagstar Bank Fsb
Bought by
Ramirez Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,966
Interest Rate
6.85%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 10, 2001
Sold by
Choe Alice Y and Choe George K
Bought by
Flagstar Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
7.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 6, 1999
Sold by
Grey Eagle Inc
Bought by
Choe George K and Choe Alice K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.24%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 22, 1999
Sold by
Amresco Residential Properties Inc
Bought by
Grey Eagle Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.92%

Purchase Details

Closed on
Mar 15, 1999
Sold by
Prato Maria S
Bought by
Amresco Residential Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.92%

Purchase Details

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

Purchase Details

Closed on
Dec 17, 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
7.16%

Purchase Details

Closed on
May 18, 1994
Source: Public Records

Range of Values:

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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 -- Ticor Title Co Of California
Trummeter Robert J -- None Available
Scott Kimberly C $285,000 American Title Co
Ramirez Erika $190,000 New Century Title Company
Flagstar Bank Fsb $267,291 North American Title Co
Choe George K $330,000 United Title
Grey Eagle Inc $160,000 United Title
Amresco Residential Properties Inc $150,000 Benefit Land Title Ins Co
Sierralta Victor A -- First Southwestern Title Co
Prato Maria S -- American Title
Prato Maria S $295,000 American Title
Harris Carl $295,000 American Title
-- -- Orange Coast Title Co
-- -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trummeter Robert J $198,239
Previous Owner Scott Kimberly $230,000
Previous Owner Hernandez Arturo $299,250
Previous Owner Scott Kimberly C $228,000
Previous Owner Ramirez Erika $186,966
Previous Owner Choe Alice Y $49,500
Previous Owner Grey Eagle Inc $57,000
Previous Owner Choe George K $247,500
Previous Owner Grey Eagle Inc $177,000
Previous Owner Prato Maria S $221,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold $962,500 -3.8% $248 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $1,000,000 -- $258 / 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 $11,657 $1,001,385 $197,676 $803,709
2024 $11,657 $981,750 $193,800 $787,950
2023 $4,873 $396,751 $118,330 $278,421
2022 $4,804 $388,972 $116,010 $272,962
2021 $4,890 $381,345 $113,735 $267,610
2020 $4,818 $377,435 $112,569 $264,866
2019 $4,686 $370,035 $110,362 $259,673
2018 $4,571 $362,779 $108,198 $254,581
2017 $4,533 $355,665 $106,076 $249,589
2016 $4,483 $348,691 $103,996 $244,695
2015 $4,451 $343,453 $102,434 $241,019
2014 $4,371 $336,725 $100,427 $236,298
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: IG23017235

California Regional Multiple Listing Service (CRMLS)

APN: 0167-264-06

California San Bernardino County Redlands 92374 North Redlands

511 Courier Ave, Redlands, CA

This home is located at 511 Courier Ave, Redlands, CA 92374 since 22 February 2023 and is currently estimated at $1,155,486, approximately $297 per square foot. This property was built in 1981. 511 Courier Ave 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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