NOT LISTED FOR SALE

520 Commercial Ave Ridgecrest, CA 93555

Estimated Value: $255,464 - $313,000

6 Beds
4 Baths
2,106 Sq Ft
$133/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $227,500 $108 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,845/month

4 Days on Market

Highlights

  • Landscaped
  • Two cooling system units
  • Carpet
  • Burroughs High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

Income property Triplex fully rented with lots of room to grow. The front unit is a 3 bed 2 bath. This unit has had the same tenant for over 15 years. Unit B is a 1 bed 1 bath unit that has laminate flooring. Unit c is 2 bed 1 bath with tile flooring. There is also a 2 car garage that is attached to the property that no tenants are currently renting.

Last Agent to Sell the Property

Timothy Jacobs

TNT Western Homes Inc. License #1468735 Listed on: 04/15/2021

Last Buyer's Agent

Timothy Jacobs

TNT Western Homes Inc. License #1468735 Listed on: 04/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,186

Year Built

  • Built in 1968

Lot Details

  • 6,970 Sq Ft Lot
  • Landscaped

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Stucco Exterior

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Roof Mounted Cooling System
  • Heating System Mounted To A Wall or Window
  • Master Meter
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Oven or Range
  • Washer and Dryer Hookup

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 080-041-41

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,186

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Additional Assessor Parcel Numbers: 080-041-41
  • Directions To Property: Sunland to commercial
  • Property Sub Type: Triplex, Income Property
  • Prop. Type: Multi Family
  • Property Type: Multi-Family Building
  • OFFICELIST_STATE: CA
  • Year Built: 1968
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Oven/Range, Refrigerator, W/D Hookups, Water Heater
  • Total Bathrooms: 4
  • Lower Floor 1 Bedrooms: 6
  • Interior Amenities: Flooring- Linoleum, Flooring- Carpet
  • Listing Area: North East

Exterior Features

  • Exterior Construction: Stucco
  • Exterior Features: Curb & Gutter, Landscape- Partial
  • Flood Zone: 0.2 PCT
  • Foundation: Slab on Grade
  • Roof Type: Composition
  • Swimming Pool Description: No-Pool

Utilities

  • Cooling: Central Air, Dual Pack, Evaporative, On Roof
  • Heating: Forced Air/Central, Wall Heater
  • Utilities: Water: IWVWD, Power: On Meter, Natural Gas: Hooked-up, Sewer: Hooked-up

Condo/Co-op/Association

  • Units In Building: 3

Lot Info

  • Lot Size: 0.16
  • Zoning: Res, Triplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Apr 30, 2021
Sold by
Peoples Eric and Peoples Stephanie
Bought by
Guillory Robert A and Guillory Juliana G
Seller's Agent
Timothy Jacobs
TNT Western Homes Inc.
Buyer's Agent
Timothy Jacobs
TNT Western Homes Inc.
List Price
$235,000
Sold Price
$227,500
Premium/Discount to List
-$7,500
-3.19%
Current Estimated Value
$280,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,366
Avg. Annual Appreciation
5.92%
Original Mortgage
$170,625
Outstanding Balance
$155,051
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$136,159

Purchase Details

Closed on
Jan 15, 2020
Sold by
L & E Properties Llc
Bought by
Peoples Eric and Peoples Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2018
Sold by
Peoples Eric and Peoples Stephanie
Bought by
L & E Properties Llc

Purchase Details

Closed on
Oct 27, 2015
Sold by
Mei Lobin Richard Michael and Mei Hung Chao
Bought by
Peoples Eric and Peoples Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2014
Sold by
Zurn Jared M
Bought by
Mei Lobin Richard Michael and Mei Hung Chao

Purchase Details

Closed on
May 17, 2012
Sold by
Knight Sandra A and Sandra A Knight 2006 Trust
Bought by
Zurn Jared M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,188
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 4, 2006
Sold by
Knight Sandra April
Bought by
Knight Sandra A and Sandra A Knight 2006 Trust

Purchase Details

Closed on
Feb 22, 1995
Sold by
Gmac Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Dec 22, 1994
Sold by
Jorgenson Dale O and Jorgenson Betty N
Bought by
Gmac Mtg Corp Of Pa
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
Guillory Robert A $227,500 First American Title Company
Peoples Eric -- Usa National Title Co
L & E Properties Llc -- None Available
Peoples Eric $125,000 Placer Title Company
Mei Lobin Richard Michael $110,000 Placer Title Company
Zurn Jared M $100,000 Placer Title Company
Knight Sandra A -- None Available
Hud -- World Title Company
Gmac Mtg Corp Of Pa $77,718 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guillory Robert A $170,625
Previous Owner Peoples Eric $129,500
Previous Owner Peoples Eric $93,750
Previous Owner Zurn Jared M $98,188
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $227,500 -3.2% $108 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $235,000 -- $112 / Sq Ft
Source: Southern Sierra MLS

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 $4,186 $246,251 $43,296 $202,955
2024 $4,072 $241,424 $42,448 $198,976
2023 $4,072 $236,691 $41,616 $195,075
2022 $3,989 $232,050 $40,800 $191,250
2021 $2,803 $136,703 $21,872 $114,831
2020 $2,711 $135,302 $21,648 $113,654
2019 $2,682 $135,302 $21,648 $113,654
2018 $2,650 $130,050 $20,808 $109,242
2017 $2,644 $127,500 $20,400 $107,100
2016 $2,556 $125,000 $20,000 $105,000
2015 $2,394 $112,197 $20,399 $91,798
2014 $1,992 $100,453 $15,068 $85,385
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Timothy Jacobs

    TNT Western Homes Inc.

    (760) 384-8884

    62 in this area

    79 Total Sales

    Timothy Jacobs
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Map

Source: Southern Sierra MLS

MLS Number: 2600572

APN: 080-041-41-00-2

California Kern County Ridgecrest 93555

520 Commercial Ave, Ridgecrest, CA

This home is located at 520 Commercial Ave, Ridgecrest, CA 93555 since 15 April 2021 and is currently estimated at $280,866, approximately $133 per square foot. This property was built in 1968. 520 Commercial Ave is a home located in Kern County with nearby schools including Gateway Elementary School, James Monroe Middle School, and Burroughs High School.

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