NOT LISTED FOR SALE

5401 Gibbons Dr Carmichael, CA 95608

Oakvale Neighborhood

Estimated Value: $516,009 - $592,000

4 Beds
2 Baths
1,934 Sq Ft
$282/Sq Ft Est. Value

Last Sold May 02, 2014

Last sale price $290,000 $150 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,175/month

8 Days on Market

Highlights

  • No HOA
  • Cottage
  • Central Heating
  • Winston Churchill Middle School Rated A-
  • Double Pane Windows
  • 2 Car Garage

About This Home

As of May 2014

Great Investment! Duplex in a cozy neighborhood near schools, parks & large well established single family homes! Strong Rental Income of $22,920 Annually! Previously owner occupied w/quality updating & maintenance. Renovated Kitchen w/high end appliances. Both units have newer int & ext paint, flooring & dual pane windows throughout, central heat/air, garages w/ electric openers & large back yards. Property Mgmt Ready! See more upgrades attached! Call for an appointment & start building wealth!

Last Agent to Sell the Property

Suzanne Rentz

KW Sac Metro License #01001059 Listed on: 04/10/2014

Co-Listed By

Kelly Medina

NewVision Realty Group License #01390531

Last Buyer's Agent

Craig Diez

RE/MAX Gold Sierra Oaks License #01019930

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,457

Year Built

  • Built in 1965

Lot Details

  • 8,120

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Cottage
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Carbon Monoxide Detectors

Additional Features

  • 8,120 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Security Deposit $2,500
  • Tenant pays for cable tv electricity gas other
  • Assessor Parcel Number 258-0191-030-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $900
  • Operating Expense $3,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,457

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1965
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Appliances: Built-In Electric Oven,Built-In Electric Range,Disposal,Free Standing Electric Oven,Free Standing Electric Range,Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Laminate
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Brick,Lap Siding,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,Transfer Disclosure Statement,Other
  • Listing Price: 283888.00
  • Patio And Porch Features: Covered Patio,Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Security: Carbon Mon Detector
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Extra Storage,Laundry Hook-Up in Units,Yard Space
  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD10
  • Lot Size Acres: 0.1864
  • Lot Size Sq Ft: 8120

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Other
  • Total Deposit: 2500
  • Total # Leasable: 2

Multi Family

  • Operating Expense: 3900
  • Income Includes: Rent Only
  • Insurance Expense: 900
  • Number of Leased Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 258-0191-030-000
  • Current RE Taxes: 2457

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2014
Closed on
Apr 29, 2014
Sold by
Doll Nicholls Karin
Bought by
Passat Omar F and Abdulahad Najwa J
Seller's Agent
Suzanne Rentz
KW Sac Metro
Buyer's Agent
Craig Diez
RE/MAX Gold Sierra Oaks
List Price
$283,888
Sold Price
$290,000
Premium/Discount to List
$6,112
2.15%
Current Estimated Value
$545,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,002
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
Feb 26, 2010
Sold by
U S Bank National Association
Bought by
Doll Nicholls Karin

Purchase Details

Closed on
Jan 21, 2010
Sold by
Sahle Senait and Teklemichael Hadas
Bought by
U S Bank National Association

Purchase Details

Closed on
May 5, 2005
Sold by
Teklemicheal Tadesse
Bought by
Sahle Senait

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
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2005
Sold by
Teklemichael Tadesse
Bought by
Sahle Senait and Teklemicheal Hadas

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
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2003
Sold by
Teklemichael Hadas
Bought by
Teklemichael Hadas and Teklemichael Tadesse

Purchase Details

Closed on
Jun 13, 2003
Sold by
Romero Marcia M and Darone Alice J
Bought by
Teklemichael Hadas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2000
Sold by
Darone Romero Marcia M and Darone Alice J
Bought by
Romero Marcia M and Darone Alice J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.86%

Purchase Details

Closed on
Jun 11, 1999
Sold by
Allan Robert L and Allan Cheryl H
Bought by
Romero Maricia M and Darone Alice J

Purchase Details

Closed on
Jun 10, 1999
Sold by
Romero John A
Bought by
Romero Marcia M and Darone Alice J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Passat Omar F $290,000 Chicago Title Company
Doll Nicholls Karin $200,000 Fidelity National Title Co
U S Bank National Association $197,100 First American Title Ins Co
Sahle Senait -- Commonwealth Land Title Co
Sahle Senait -- --
Teklemichael Hadas -- First American Title Co
Teklemichael Hadas $272,000 Fidelity National Title Co
Romero Marcia M -- Chicago Title Co
Romero Maricia M $147,500 Chicago Title Co
Romero Marcia M -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sahle Senait $300,000
Previous Owner Sahle Senait $300,000
Previous Owner Teklemichael Hadas $231,200
Previous Owner Romero Marcia M $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2014 05/02/14 Sold $290,000 +2.2% $150 / Sq Ft
04/18/2014 04/18/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $283,888 -- $147 / 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 $4,239 $355,489 $122,581 $232,908
2024 $4,239 $348,520 $120,178 $228,342
2023 $4,132 $341,687 $117,822 $223,865
2022 $4,110 $334,988 $115,512 $219,476
2021 $4,042 $328,421 $113,248 $215,173
2020 $3,975 $325,054 $112,087 $212,967
2019 $3,896 $318,682 $109,890 $208,792
2018 $3,851 $312,435 $107,736 $204,699
2017 $3,814 $306,310 $105,624 $200,686
2016 $3,564 $300,304 $103,553 $196,751
2015 $3,511 $295,794 $101,998 $193,796
2014 $2,513 $210,490 $63,178 $147,312
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Suzanne Rentz

    KW Sac Metro

  • K

    Seller Co-Listing Agent in 2014

    Kelly Medina

    NewVision Realty Group

  • Craig Diez

    Buyer's Agent in 2014

    Craig Diez

    RE/MAX

    (916) 425-5884

    4 in this area

    115 Total Sales

    Craig Diez
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Map

Source: MetroList

MLS Number: 14021194

MetroList

APN: 258-0191-030

California Sacramento County Carmichael 95608 Oakvale

5401 Gibbons Dr, Carmichael, CA

Not Listed for Sale

MultiFamily

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