NOT LISTED FOR SALE

Estimated Value: $1,218,000 - $1,470,000

8 Beds
4 Baths
4,452 Sq Ft
$309/Sq Ft Est. Value

Sale Details

Date Sold: July 20, 2016

Last sale price $805,000 $181 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $8,459 / mo

34 Days on Market

Highlights

  • Victorian Architecture
  • No HOA
  • 3-minute walk to Alkali Flat/La Valentina

About This Home

As of July 2016

Stunning 4plex in the Alkali Flat area of downtown Sacramento. Each apartment is a 2 Bdrm, 1 Ba w/ over 1,100 sq ft per unit * Formal living & dining rooms. Wood floors - built-ins in dining rooms - Inside Laundry in each unit. (4) additional storage rooms in basement area. (1) off street parking space available * GRM = 13.52 and Cap Rate is 4.71 on current rents. Rents are low for the size and amenities offered. Perfect for an owner occupied owner.

Last Agent to Sell the Property

Brian McMartin

McMartin Realty License #00997069 Listed on: 04/28/2016

Last Buyer's Agent

Sam Choe

Real Estate Portfolio,Inc. License #00905430

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,480

Year Built

  • Built in 1906

Lot Details

  • 3,049

Home Design

  • Quadruplex
  • Victorian Architecture
  • Composition Roof

Parking

  • 1 Open Parking Space
  • 1 Parking Space Included

Additional Features

  • 2-Story Property
  • 3,049 Sq Ft Lot
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity rent only see remarks
  • Assessor Parcel Number 002-0122-015-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • 3 Units Leased Month-To-Month
  • Insurance Expense $1,909
  • Operating Expense $19,733

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,480

Year Built

Built in 1906

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1906
  • Architectural Style: Victorian
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Oven,Dishwasher,Free Standing Refrigerator,Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Wood,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Lap Siding
  • Disclosures/Documents: See Remarks
  • Listing Price: 850000.00
  • Patio And Porch Features: Uncovered Deck,Varies by Unit
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 1
  • Parking Features: Street,Varies by Unit,1-Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),Varies by Unit,See Remarks
  • Heating: Electric,See Remarks

Condo/Co-op/Association

  • Association Features: Extra Storage,Laundry Hook-Up in Units,Varies By Unit
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-3A
  • Lot Size Acres: 0.0700
  • Lot Size Sq Ft: 3049

Rental Info

  • Tenant Pays: Electricity,Rent Only,See Remarks
  • Total # Leasable: 1

Multi Family

  • Operating Expense: 19733
  • Income Includes: Parking
  • Existing Lease Type: See Remarks
  • Insurance Expense: 1909
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Number of Vacant Units: 1
  • Units Furnished: None
  • Gross Income Multiplier: 13.520

Tax Info

  • Assessor Parcel Number: 002-0122-015-0000
  • Current RE Taxes: 2480

MLS Schools

  • School District (County): Sacramento

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2016
Sold by
Bought by
Current Estimated Value
$1,375,165

Purchase Details

Listed on
Apr 28, 2016
Closed on
Jul 15, 2016
Sold by
Bought by
Seller's Agent
Brian McMartin
McMartin Realty
Buyer's Agent
Sam Choe
Real Estate Portfolio,Inc.
List Price
$850,000
Sold Price
$805,000
Premium/Discount to List
-$45,000
-5.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$603,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2016
Closed on
Jul 11, 2016
Sold by
Bought by
Seller's Agent
Brian McMartin
McMartin Realty
Buyer's Agent
Sam Choe
Real Estate Portfolio,Inc.
List Price
$850,000
Sold Price
$805,000
Premium/Discount to List
-$45,000
-5.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 11, 2002
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- Fidelity National Title Co
$805,000 Fidelity National Title Co
-- Fidelity Natl Title Co Of Ca
-- Fidelity Natl Title Co Of Ca
-- Fidelity National Title Comp
-- Fidelity National Title Comp
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $603,750
Previous Owner $291,000
Previous Owner $290,000
Previous Owner $311,500
Previous Owner $181,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/20/2016 07/20/16 Sold $805,000 -5.3% $181 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $850,000 -- $191 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,591 $952,948 $285,290 $667,658
2025 $11,591 $934,264 $279,697 $654,567
2024 $11,430 $915,946 $274,213 $641,733
2023 $11,163 $897,987 $268,837 $629,150
2022 $10,975 $880,380 $263,566 $616,814
2021 $10,465 $863,119 $258,399 $604,720
2020 $10,543 $854,270 $255,750 $598,520
2019 $10,322 $837,521 $250,736 $586,785
2018 $10,056 $821,100 $245,820 $575,280
2017 $9,919 $805,000 $241,000 $564,000
2016 $2,519 $176,604 $42,042 $134,562
2015 $2,480 $173,952 $41,411 $132,541
2014 $2,424 $170,545 $40,600 $129,945
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16025948

MetroList

APN: 002-0122-015

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