NOT LISTED FOR SALE

512 E Lugonia Ave Redlands, CA 92374

North Redlands Neighborhood

Estimated Value: $1,052,302 - $1,247,000

9 Beds
7 Baths
4,006 Sq Ft
$298/Sq Ft Est. Value

Last Sold December 18, 2018

Last sale price $705,000 $176 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,369/month

51 Days on Market

Highlights

  • Laundry Room
  • Central Air
  • Level Lot
  • Citrus Valley High School Rated A

About This Home

As of December 2018

Very 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

Mike Syrett

CENTURY 21 LOIS LAUER REALTY License #01150194 Listed on: 09/24/2018

CENTURY 21 LOIS LAUER REALTY

Last Buyer's Agent

Azhar Sabir

Shamoon Sikora, Broker License #01346363

Property Details

Home Type

  • Multi-Family

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$360 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2558.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0167264050000
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 175.99

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Heat Pump
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Level, Sprinklers In Front
  • Lot Size Sq Ft: 12180.00
  • Lot Size Acres: 0.2796

Multi Family

  • Electric Expense: 781.00
  • Fuel Expense: 2435.00
  • Gross Income: 38601.00
  • Gross Scheduled Income: 56100.00
  • Insurance Expense: 2010.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Lot Size Area: 12180.0000 Square Feet
  • Net Operating Income: 38601.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 17499.00
  • Other Expense: 5820.00
  • Other Expense Description: HOA/misc
  • Rent Control: No
  • Total Expenses: 17499.00

Tax Info

  • New Taxes Expense: 3895.00
  • Tax Census Tract: 80.02
  • Tax Lot: 5
  • Tax Tract Number: 10141

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%
Current Estimated Value
$1,194,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,076
Avg. Annual Appreciation
7.76%
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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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
Previous Owner Patel Ashish V $512,000
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 List to Sale Price per Sq Ft
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

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 $9,182 $786,439 $156,172 $630,267
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

    2 in this area

    42 Total Sales

    Mike Syrett
    Section Image
  • Azhar Sabir

    Buyer's Agent in 2018

    Azhar Sabir

    Shamoon Sikora, Broker

    (714) 448-4300

    36 Total Sales

    Azhar Sabir
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV18232839

California Regional Multiple Listing Service (CRMLS)

APN: 0167-264-05

California San Bernardino County Redlands 92374 North Redlands

512 E Lugonia Ave, Redlands, CA

Not Listed for Sale

MultiFamily

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