NOT LISTED FOR SALE

Estimated Value: $798,000 - $1,165,000

4 Beds
4 Baths
2,948 Sq Ft
$326/Sq Ft Est. Value

Last Sold February 19, 2014

Last sale price $427,000 $145 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $5,528/month

32 Days on Market

About This Home

As of February 2014

Vintage fourplex near the heart of downtown Redlands. Nicely maintained heritage building.Tenants pay all the utilities. Unit 1 is the largest, over 1000 square feet. Unit two is a small single, less than 500 square feet.Unit three is a one bedroom 1 bath and Unit 4 is a one bedroom 1 bath. Expenses are $1408 year for insurance, $1728 for repairs and $2947 for management. This is owned by a non profit that benefits veterans. There is an on site manager.

Last Agent to Sell the Property

Rita Shaw

Shaw Real Estate Brokers License #00666305 Listed on: 02/06/2014

Last Buyer's Agent

Ulysses Lepe

Foster Hamilton Real Estate License #01124213

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 8,960 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Parking Spaces

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Suburban Location
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for trash collection, water
  • Tax Lot 4
  • Tax Tract Number 12
  • Assessor Parcel Number 0171221200000

Community Details

Overview

  • 4 Units
  • No HOA

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,408
  • Other Expense $2,947
  • Trash Expense $1,728
  • New Taxes Expense $5,422
  • Gross Income $3,070
  • Net Operating Income $30,756

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: multi
  • Property Type: Residential Income
  • Parcel Number: 0171221200000
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1728.00
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: No HOA
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Utilities - Overhead
  • Lot Size Sq Ft: 8960.00
  • Lot Size Acres: 0.2060

Rental Info

  • Tenant Pays: Trash Collection, Water

Multi Family

  • Gross Income: 3070.00
  • Gross Scheduled Income: 36840.00
  • Insurance Expense: 1408.00
  • Lot Size Area: 8960.0000 Square Feet
  • Net Operating Income: 30756.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 507.00
  • Other Expense: 2947.00
  • Other Expense Description: Manageme
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5422.00
  • Tax Lot: 4
  • Tax Tract Number: 12
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2021
Sold by
Affinity Property Investments Llc
Bought by
Oronoz James
Current Estimated Value
$960,049

Purchase Details

Closed on
Mar 30, 2021
Sold by
Oronoz James
Bought by
Affinity Property Investments Llc

Purchase Details

Listed on
Feb 6, 2014
Closed on
Feb 14, 2014
Sold by
Center For Life Enrichment
Bought by
Affinity Property Investments Llc
Seller's Agent
Rita Shaw
Shaw Real Estate Brokers
Buyer's Agent
Ulysses Lepe
Foster Hamilton Real Estate
List Price
$427,000
Sold Price
$427,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$127,000
Interest Rate
4.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2009
Sold by
Cardwell William E
Bought by
Center For Life Enrichment

Purchase Details

Closed on
Nov 19, 2007
Sold by
Christian Family Llc
Bought by
Cardwell William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2007
Sold by
Christian Peggy A
Bought by
Christian Family Llc
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

Date Buyer Sale Price Title Company
Oronoz James -- First American Title Company
Affinity Property Investments Llc -- First American Title Company
Oronoz James -- First American Title Company
Affinity Property Investments Llc $427,000 Fidelity National Title Co
Center For Life Enrichment -- Civic Center Title Services
Cardwell William E $725,000 Lawyers
Christian Family Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Affinity Property Investments Llc $127,000
Previous Owner Cardwell William E $590,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2014 02/19/14 Sold $427,000 0.0% $145 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
01/11/2014 01/11/14 For Sale $427,000 -- $145 / 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 $6,157 $523,812 $165,492 $358,320
2024 $6,157 $513,541 $162,247 $351,294
2023 $6,150 $503,472 $159,066 $344,406
2022 $6,062 $493,600 $155,947 $337,653
2021 $6,172 $483,921 $152,889 $331,032
2020 $6,081 $478,959 $151,321 $327,638
2019 $5,913 $469,568 $148,354 $321,214
2018 $5,767 $460,361 $145,445 $314,916
2017 $5,719 $451,334 $142,593 $308,741
2016 $5,655 $442,484 $139,797 $302,687
2015 $7,075 $551,816 $267,872 $283,944
2014 $6,948 $541,007 $262,625 $278,382
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV14007192

California Regional Multiple Listing Service (CRMLS)

APN: 0171-221-20