5370 Palma Ave Atascadero, CA 93422
Estimated Value: $1,197,851 - $1,312,000
8
Beds
4
Baths
3,516
Sq Ft
$359/Sq Ft
Est. Value
Highlights
- Laundry Room
- Forced Air Heating System
- 5-minute walk to Mid State Scare / the Haunt
About This Home
As of June 2023Seller Financing Opportunity. You've waited for the right investment and wallah here's the 4 plex that works for your seller financed purchase or tax exchange! Unit number 4 located upstairs is now rented for $1650 monthly. Unit number three will be available to show soon and with be rented at $1750 per month minimum. Professionally managed 4 plex about 900 square feet each two-bedroom one bath unit. Coin operated laundry room on premises
Last Agent to Sell the Property
Home Masters Realty License #01194435 Listed on: 10/31/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,027
Year Built
- Built in 1974
Lot Details
- 0.25 Acre Lot
- No Common Walls
- Lot Sloped Down
Home Design
- Quadruplex
Interior Spaces
- 8 Bedrooms
- 3,516 Sq Ft Home
- 2-Story Property
- Laundry Room
Utilities
- Forced Air Heating System
Listing and Financial Details
- Legal Lot and Block 43 / RA
- Assessor Parcel Number 029312026
- $1 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $500
- Gardener Expense $1,620
- Insurance Expense $1,200
- Trash Expense $1,600
- Water Sewer Expense $1,680
- New Taxes Expense $12,000
- Operating Expense $18,650
- Gross Income $76,188
- Net Operating Income $57,236
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 31, 2022
Closed on
May 25, 2023
Sold by
Paul And Sherri Masters Living Trust
Bought by
Sierra Pacific Trust
Seller's Agent
Paul Masters
Home Masters Realty
Buyer's Agent
Paul Masters
Home Masters Realty
List Price
$1,186,500
Sold Price
$1,152,300
Premium/Discount to List
-$34,200
-2.88%
Total Days on Market
200
Views
144
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,663
Avg. Annual Appreciation
4.76%
Original Mortgage
$952,300
Outstanding Balance
$931,981
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$331,982
Purchase Details
Listed on
Apr 12, 2016
Closed on
Jul 7, 2016
Sold by
Nelson Richard A
Bought by
Masters Paul A and Masters Sherri J
Seller's Agent
Kathleen Hustace
Century 21 Masters
Buyer's Agent
Kathleen Hustace
Century 21 Masters
List Price
$625,000
Sold Price
$577,000
Premium/Discount to List
-$48,000
-7.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$346,000
Interest Rate
3.54%
Mortgage Type
New Conventional
Similar Home in Atascadero, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sierra Pacific Trust | $1,152,500 | Fidelity National Title | |
| Masters Paul A | $577,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sierra Pacific Trust | $952,300 | |
| Previous Owner | Masters Paul A | $346,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/08/2023 06/08/23 | Sold | $1,152,300 | -3.5% | $328 / Sq Ft |
| 05/19/2023 05/19/23 | Pending | -- | -- | -- |
| 03/30/2023 03/30/23 | Price Changed | $1,193,600 | +0.8% | $339 / Sq Ft |
| 01/18/2023 01/18/23 | Price Changed | $1,183,600 | -0.2% | $337 / Sq Ft |
| 10/31/2022 10/31/22 | For Sale | $1,186,500 | +105.6% | $337 / Sq Ft |
| 07/27/2016 07/27/16 | Sold | $577,000 | -7.7% | $164 / Sq Ft |
| 05/30/2016 05/30/16 | Pending | -- | -- | -- |
| 04/12/2016 04/12/16 | For Sale | $625,000 | -- | $178 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,027 | $1,175,040 | $357,000 | $818,040 |
| 2023 | $9,027 | $643,652 | $278,879 | $364,773 |
| 2022 | $8,661 | $631,032 | $273,411 | $357,621 |
| 2021 | $8,287 | $618,659 | $268,050 | $350,609 |
| 2020 | $8,019 | $612,316 | $265,302 | $347,014 |
| 2019 | $7,703 | $600,310 | $260,100 | $340,210 |
| 2018 | $7,445 | $588,540 | $255,000 | $333,540 |
| 2017 | $7,313 | $577,000 | $250,000 | $327,000 |
| 2016 | $4,466 | $327,558 | $152,349 | $175,209 |
| 2015 | $4,410 | $322,639 | $150,061 | $172,578 |
| 2014 | $4,091 | $316,320 | $147,122 | $169,198 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Masters
P
Seller's Agent in 2023
Paul Masters
Home Masters Realty
(805) 878-0796
30 Total Sales
-
Kathleen Hustace
Seller's Agent in 2016
Kathleen Hustace
Century 21 Masters
(805) 459-6436
18 Total Sales
-
Seller Co-Listing Agent in 2016
Greg Malik
Malik Real Estate Group, Inc.
(805) 466-2540
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI22232126
APN: 029-312-026
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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