NOT LISTED FOR SALE

5218 Martin Luther King jr Blvd Sacramento, CA 95820

South Oak Park Neighborhood

Estimated Value: $261,111 - $566,000

0.53 Acre
$642,034 Price per Acre
23,087 Sq Ft Lot

Last Sold August 28, 2019

Last sale price $185,000

Est. 84% increase in value since last sale

Current estimated payment $2,032/month

31 Days on Market

About This Lot

As of August 2019

CALLING ALL INVESTORS!!! ZONED R-2B-R Lot located South of South Oak Park and Fruit Ridge Manor. Make sure buyer does due diligence prior to making an offer. Property has potential for multi-unit land development.

Last Agent to Sell the Property

Heather Johnson

Real Broker License #01957905 Listed on: 05/05/2019

Real Broker

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,309

Lot Details

  • 0.53 Acre Lot
  • Possible uses of the property include Residential,Single Family
  • Property is zoned R-2B-R

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 022-0290-008-0000

Property Details

Property Type

Land

Est. Annual Taxes

$2,309

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Lot
  • Primary Residence: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: CC&Rs,Restaurant Nearby,Survey Required,None
  • Horse Property: No
  • Listing Price: 185000.00
  • Lot Features: Curb(s),Gutter(s),Paved,Public Trans Nearby,Shape Regular,Sidewalk(s)
  • Road Surface Type: Paved
  • Additional Living Units: No

Utilities

  • Sewer: Special Requirements
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning: R-2B-R
  • Crops: None
  • Current Use: Multi-Family,Vacant
  • Development Status: Map Required
  • Zoning Description: Residential
  • Irrigation: Public District
  • Lot Size Acres: 0.5300
  • Lot Size Sq Ft: 23087
  • Possible Use: Residential,Single Family

Multi Family

  • Income Includes: Land

Tax Info

  • Assessor Parcel Number: 022-0290-008-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2019
Closed on
Aug 21, 2019
Sold by
Vazquez Jose Bonifacio
Bought by
St Hope Development Company
Seller's Agent
Heather Johnson
Real Broker
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%
Current Estimated Value
$340,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,278
Avg. Annual Appreciation
10.62%
Original Mortgage
$185,000
Outstanding Balance
$163,050
Interest Rate
3.8%
Mortgage Type
Commercial
Estimated Equity
$177,228

Purchase Details

Closed on
Mar 29, 2019
Sold by
County Of Sacramento
Bought by
Vazquez Jose Bonifacio

Purchase Details

Closed on
Oct 22, 2018
Sold by
Pazkat Maliheh and Pazkat Maliheh S
Bought by
Jbwc Properties Ca Llc

Purchase Details

Closed on
Nov 23, 2008
Sold by
Warren Stafford M and Warren Diane M
Bought by
Pakzat Maliheh H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2008
Sold by
Dezham Hassan
Bought by
Pakzat Maliheh H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2003
Sold by
Pascual David and Pascual Elizabeth
Bought by
Warren Stafford M and Warren Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2003
Sold by
Gale Patricia
Bought by
Gale Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
5.97%

Purchase Details

Closed on
Dec 18, 2000
Sold by
Invesco 1980-3
Bought by
Hogan Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.81%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
St Hope Development Company $185,000 Orange Coast Ttl Co Of Nocal
Vazquez Jose Bonifacio $93,100 None Available
Jbwc Properties Ca Llc -- None Available
Pakzat Maliheh H -- First American Title Ins Co
Pakzat Maliheh H -- First American Title Ins Co
Warren Stafford M $1,210,000 Stewart Title
Pascual David -- Stewart Title
Gale Mark -- North American Title Company
Pascual David $925,000 North American Title Company
Hogan Charles J $400,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open St Hope Development Company $185,000
Previous Owner Pakzat Maliheh H $552,000
Previous Owner Pascual David $850,000
Previous Owner Pascual David $535,000
Previous Owner Hogan Charles J $393,750
Previous Owner Hogan Charles J $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2019 08/28/19 Sold $185,000 0.0% --
06/05/2019 06/05/19 Pending -- -- --
05/30/2019 05/30/19 Price Changed $185,000 -7.5% --
05/29/2019 05/29/19 Price Changed $200,000 +2.6% --
05/24/2019 05/24/19 Price Changed $195,000 -2.5% --
05/05/2019 05/05/19 For Sale $200,000 -- --
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 $2,309 $202,323 $202,323 --
2024 $2,309 $198,356 $198,356 --
2023 $2,255 $194,467 $194,467 $0
2022 $2,506 $190,654 $190,654 $0
2021 $2,485 $186,916 $186,916 $0
2020 $2,411 $185,000 $185,000 $0
2019 $2,261 $107,181 $107,181 $0
2018 $4,864 $115,000 $115,000 $0
2017 $1,523 $101,000 $101,000 $0
2016 $8,585 $101,000 $101,000 $0
2015 $12,173 $95,000 $95,000 $0
2014 $31,482 $196,100 $58,300 $137,800
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2019

    Heather Johnson

    Real Broker

    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Member

    Non-MLS Office

See All Agents

Map

Source: MetroList

MLS Number: 19029915

MetroList

APN: 022-0290-008

California Sacramento County Sacramento 95820 South Oak Park

5218 Martin Luther King jr Blvd, Sacramento, CA

This home is located at 5218 Martin Luther King jr Blvd, Sacramento, CA 95820 since 05 May 2019 and is currently estimated at $340,278. 5218 Martin Luther King jr Blvd is a home located in Sacramento County with nearby schools including Oak Ridge Elementary School, California Middle, and C. K. McClatchy High.

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.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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