NOT LISTED FOR SALE

540 Forrest Ave Lodi, CA 95240

North Lodi Neighborhood

Estimated Value: $471,000 - $540,000

3 Beds
3 Baths
600 Sq Ft
$857/Sq Ft Est. Value

Last Sold December 19, 2017

Last sale price $300,000 $500 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,000/month

85 Days on Market

Highlights

  • Contemporary Architecture
  • Covered Patio or Porch
  • 1-Story Property
  • No HOA

About This Home

As of December 2017

Ideal setup live in one side and rent the other Spacious 2 bdrm 1.5 bath potential 3 bdrm w/ no closet cathedral ceilings builtin bookshelves fireplace Cent H/A Large 1 bdrm 1 ba separated by carport from main building wall heat/air long term tenants

Last Agent to Sell the Property

Gloria Tovar

RE/MAX Grupe Gold License #00714908 Listed on: 07/26/2017

RE/MAX Grupe Gold

Last Buyer's Agent

Heath Adams

eXp Realty of California Inc. License #01915205

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,647

Year Built

  • Built in 1959

Lot Details

  • 7,653

Parking

  • 1 Parking Space Included

Home Design

  • Duplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Carbon Monoxide Detectors

Additional Features

  • Covered Patio or Porch
  • 7,653 Sq Ft Lot
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable tv electricity sewer trash collection water
  • Assessor Parcel Number 039-340-27

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,647

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1959
  • Architectural Style: Contemporary
  • Stories: 1
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Range,Free Standing Gas Range
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Block,Frame,See Remarks
  • Disclosures/Documents: CC&Rs,None
  • Listing Price: 315000.00
  • Patio And Porch Features: Covered Patio
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector
  • Utilities: Cable Connected
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central,Natural Gas,Wall Furnace

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning Description: RES-Income
  • Lot Size Acres: 0.1757
  • Lot Size Sq Ft: 7653

Rental Info

  • Tenant Pays: Cable TV,Electricity,Sewer,Trash Collection,Water

Multi Family

  • Gross Income: 19440
  • Income Includes: Rent Only
  • Existing Lease Type: Other
  • Number of Month to Month Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 039-340-27

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2017
Closed on
Dec 8, 2017
Sold by
Fehrman Louis L
Bought by
Yeats Kevin Nicholas Pratt and Yeats Krystal Kathleen
Seller's Agent
Gloria Tovar
RE/MAX Grupe Gold
Buyer's Agent
Heath Adams
eXp Realty of California Inc.
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%
Current Estimated Value
$514,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,142
Avg. Annual Appreciation
7.10%
Original Mortgage
$294,566
Outstanding Balance
$247,999
Interest Rate
3.94%
Mortgage Type
FHA
Estimated Equity
$266,143

Purchase Details

Closed on
May 7, 2008
Sold by
Fehrman Louis L
Bought by
Fehrman Louis L
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
Yeats Kevin Nicholas Pratt $300,000 Old Republic Title Company
Fehrman Louis L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeats Kevin Nicholas Pratt $294,566
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2017 12/19/17 Sold $300,000 -14.0% $500 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
07/26/2017 07/26/17 For Sale $349,000 -- $582 / Sq Ft
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 $3,647 $341,344 $113,781 $227,563
2024 $3,546 $334,651 $111,550 $223,101
2023 $3,495 $328,090 $109,363 $218,727
2022 $3,416 $321,658 $107,219 $214,439
2021 $3,476 $315,352 $105,117 $210,235
2020 $3,385 $312,120 $104,040 $208,080
2019 $3,316 $306,000 $102,000 $204,000
2018 $729 $63,633 $17,451 $46,182
2017 $713 $62,386 $17,109 $45,277
2016 $670 $61,163 $16,773 $44,390
2014 $652 $59,065 $16,198 $42,867
Source: Public Records

Agents Affiliated with this Home

  • Gloria Tovar

    Seller's Agent in 2017

    Gloria Tovar

    RE/MAX

    (209) 608-1851

    3 in this area

    22 Total Sales

    Gloria Tovar
    Section Image

  • H

    Buyer's Agent in 2017

    Heath Adams

    eXp Realty of California Inc.

    Section Image
  • Shana Gates

    Buyer Co-Listing Agent in 2017

    Shana Gates

    Real Broker

    (310) 746-6232

    89 Total Sales

    Shana Gates
    Section Image
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Map

Source: MetroList

MLS Number: 17047425

MetroList

APN: 039-340-27

California San Joaquin County Lodi 95240 North Lodi

540 Forrest Ave, Lodi, CA

This home is located at 540 Forrest Ave, Lodi, CA 95240 since 26 July 2017 and is currently estimated at $514,142, approximately $856 per square foot. This property was built in 1959. 540 Forrest Ave is a home located in San Joaquin County with nearby schools including Lakewood Elementary School, Millswood Middle School, and Lodi High School.

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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