512 E Lugonia Ave Redlands, CA 92374
North Redlands NeighborhoodEstimated Value: $1,049,208 - $1,235,000
9
Beds
7
Baths
4,006
Sq Ft
$289/Sq Ft
Est. Value
Highlights
- Laundry Room
- Central Air
- Level Lot
- Citrus Valley High School Rated A
About This Home
As of December 2018Very nice "Covington Style" four unit apartment building. Owners style front unit with 3 bedrooms, 2 bathrooms and a fireplace in the living room. There are also two 2 bedroom, 2 bathroom units and one 2 bedroom, 1 bathroom unit. All units are currently rented. The building has a laundry room and each unit has a 1 car garage plus additional parking. One unit has a deck. The roof was replaced two years ago. HOA dues are $360. a month for the entire building and includes trash dumpster rental and pickup, normal gardening, periodic security patrols and sets aside reserves to maintain the asphalt behind the buildings.
Last Agent to Sell the Property
CENTURY 21 LOIS LAUER REALTY License #01150194 Listed on: 09/24/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,182
Year Built
- Built in 1981
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Level Lot
- Front Yard Sprinklers
HOA Fees
- $360 Monthly HOA Fees
Parking
- 4 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
- Assigned Parking
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 4,006 Sq Ft Home
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Central Air
- Air Source Heat Pump
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 10141
- Assessor Parcel Number 0167264050000
Community Details
Overview
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 2 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $781
- Fuel Expense $2,435
- Insurance Expense $2,010
- Other Expense $5,820
- Water Sewer Expense $2,558
- New Taxes Expense $3,895
- Operating Expense $17,499
- Gross Income $38,601
- Net Operating Income $38,601
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 24, 2018
Closed on
Oct 24, 2018
Sold by
Nicks Ricky C and Nicks Christina Maris
Bought by
Patel Ashish V and Patel Anjana Virendra
Seller's Agent
Mike Syrett
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Azhar Sabir
Shamoon Sikora, Broker
List Price
$739,900
Sold Price
$705,000
Premium/Discount to List
-$34,900
-4.72%
Total Days on Market
51
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
$452,552
Avg. Annual Appreciation
7.87%
Original Mortgage
$512,000
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 12, 2002
Sold by
Countrywide Home Loans Inc
Bought by
Nicks Ricky C and Nicks Christina Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,100
Interest Rate
7.37%
Purchase Details
Closed on
Apr 30, 2002
Sold by
Petty James S and Petty Margaret R
Bought by
Countrywide Home Loans Inc
Purchase Details
Closed on
Sep 30, 1999
Sold by
Ocean Place Llc
Bought by
Petty James S and Petty Margaret R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
8%
Purchase Details
Closed on
Jul 22, 1999
Sold by
Mathews Scott
Bought by
Ocean Place Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
9.55%
Purchase Details
Closed on
Jun 7, 1999
Sold by
Pan American Bank Fsb
Bought by
Matthews Scott
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
9.55%
Purchase Details
Closed on
Dec 16, 1998
Sold by
Whitmore Jerrold W
Bought by
Pan American Bank Fsb
Purchase Details
Closed on
Mar 31, 1998
Sold by
Vre Mountain View Associates Ltd
Bought by
Whitmore Jerrold
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
9.88%
Purchase Details
Closed on
Mar 25, 1998
Sold by
Whitmore Laurence
Bought by
Whitmore Jerrold
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
9.88%
Purchase Details
Closed on
May 18, 1994
Purchase Details
Closed on
May 17, 1994
Sold by
Vre Mountain View Associates Ltd
Similar Homes in Redlands, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Ashish V | $705,000 | Ticor Title | |
| Nicks Ricky C | $241,000 | Landsafe Title | |
| Countrywide Home Loans Inc | $189,000 | Landsafe Title | |
| Petty James S | $335,000 | Gateway Title Company | |
| Ocean Place Llc | -- | Provident Title Company | |
| Matthews Scott | $163,000 | Chicago Title Co | |
| Pan American Bank Fsb | $226,878 | Chicago Title | |
| Whitmore Jerrold | -- | American Title | |
| Whitmore Jerrold | -- | American Title | |
| -- | -- | Orange Coast Title Co | |
| -- | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Ashish V | $501,000 | |
| Previous Owner | Patel Ashish V | $512,000 | |
| Previous Owner | Nicks Ricky C | $282,000 | |
| Previous Owner | Nicks Ricky C | $297,500 | |
| Previous Owner | Nicks Ricky C | $100,000 | |
| Previous Owner | Nicks Ricky C | $244,000 | |
| Previous Owner | Nicks Ricky C | $196,100 | |
| Previous Owner | Petty James S | $247,500 | |
| Previous Owner | Matthews Scott | $130,400 | |
| Previous Owner | Whitmore Jerrold | $265,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2018 12/18/18 | Sold | $705,000 | -4.7% | $176 / Sq Ft |
| 11/14/2018 11/14/18 | Pending | -- | -- | -- |
| 09/24/2018 09/24/18 | For Sale | $739,900 | -- | $185 / Sq Ft |
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 | $9,182 | $771,019 | $153,110 | $617,909 |
| 2023 | $9,171 | $755,901 | $150,108 | $605,793 |
| 2022 | $9,039 | $741,080 | $147,165 | $593,915 |
| 2021 | $9,204 | $726,549 | $144,279 | $582,270 |
| 2020 | $9,067 | $719,100 | $142,800 | $576,300 |
| 2019 | $8,815 | $705,000 | $140,000 | $565,000 |
| 2018 | $3,949 | $312,043 | $25,457 | $286,586 |
| 2017 | $3,917 | $305,925 | $24,958 | $280,967 |
| 2016 | $3,874 | $299,927 | $24,469 | $275,458 |
| 2015 | $3,846 | $295,421 | $24,101 | $271,320 |
| 2014 | $3,778 | $289,634 | $23,629 | $266,005 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Syrett
Seller's Agent in 2018
Mike Syrett
CENTURY 21 LOIS LAUER REALTY
(909) 748-7045
7 in this area
47 Total Sales
-
Azhar Sabir
Buyer's Agent in 2018
Azhar Sabir
Shamoon Sikora, Broker
(714) 448-4300
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV18232839
APN: 0167-264-05
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