NOT LISTED FOR SALE

5429 Marconi Ave Carmichael, CA 95608

Carmichael Town Center Neighborhood

Estimated Value: $889,000 - $1,583,000

2.3 Acres
$501,580 Price per Acre
100,188 Sq Ft Lot

Last Sold July 06, 2023

Last sale price $980,000 $889 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,005/month

62 Days on Market

Highlights

  • 2.3 Acre Lot
  • No HOA
  • Level Lot
  • Rio Americano High School Rated A-

About This Lot

As of July 2023

Colliers is seeking a qualified developer to acquire this unique 2.3 acre (100,187 SF) development site zoned RD-40/ RD-10 which allows for a dense two/three-story multifamily development. The subject property currently has a 1,102 SF single family home on-site that could be generating nearly $1,800-$2,000 while the next owner works through the entitlement process. The suggested use for this site would be to build out a 70-75 unit affordable or market rate multifamily site per the allowable zoning.

Last Agent to Sell the Property

Matthew Sarro

Collier's International License #01942991 Listed on: 01/25/2023

Last Buyer's Agent

Jayshree Borole

Real Estate Source Inc License #02075267

Real Estate Source Inc

Property Details

Property Type

  • Land

Lot Details

  • 2.3 Acre Lot
  • Level Lot
  • Possible uses of the property include Residential
  • Property is zoned RD-40 RD-1, Multi-Residential

Additional Homes

  • Residence on Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 272-0140-021

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Lot
  • Primary Residence: Other
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Other Structures: Residence
  • Horse Property: No
  • Listing Price: 1001870.00
  • Lot Features: Other
  • Road Frontage: City Street, Other
  • Topography: Level
  • View Description: Other
  • Additional Living Units: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Public, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning: RD-40 RD-1
  • Crops: None
  • Current Use: Multi-Family
  • Development Status: See Remarks
  • Zoning Description: Multi-Residential
  • Irrigation: None
  • Lot Size Acres: 2.3000
  • Lot Size Sq Ft: 100188.00
  • Possible Use: Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Income Includes: None

Tax Info

  • Assessor Parcel Number: 272-0140-021
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
Jun 21, 2023
Sold by
Sarkar Hem Prabha
Bought by
Sarkar Sanjib
Seller's Agent
Matthew Sarro
Collier's International
Buyer's Agent
Jayshree Borole
Real Estate Source Inc
List Price
$1,001,870
Sold Price
$980,000
Premium/Discount to List
-$21,870
-2.18%
Views
42
Current Estimated Value
$1,153,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,635
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Oct 1, 2012
Sold by
County Of Sacramento
Bought by
Moberly Jamoa Athena and Caruso Jason

Purchase Details

Closed on
Jan 27, 2011
Sold by
Palmer Marcia Moberly and Moberly Jamoa Athena
Bought by
Moberly Jamoa Athena and Caruso Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 3, 2003
Sold by
Moberly Violet Farr and Moberly Violet F
Bought by
Moberly Violet Farr
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
Sarkar Sanjib -- Placer Title
Levin Artour -- Placer Title
Ramakrishnan Kandappar -- Placer Title
Borole Bhushan -- Placer Title
Borole Bhushan $980,000 Placer Title
Moberly Jamoa Athena -- None Available
Moberly Jamoa Athena -- None Available
Moberly Violet Farr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moberly Jamoa Athena $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2023 07/06/23 Sold $980,000 -2.2% $889 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $1,001,870 -- $909 / 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 $12,164 $967,572 $967,572 --
2024 $12,164 $999,600 $948,600 $51,000
2023 $4,049 $325,383 $277,063 $48,320
2022 $3,971 $319,004 $271,631 $47,373
2021 $3,906 $312,750 $266,305 $46,445
2020 $3,835 $309,544 $263,575 $45,969
2019 $3,760 $303,475 $258,407 $45,068
2018 $3,676 $297,526 $253,341 $44,185
2017 $3,683 $291,693 $248,374 $43,319
2016 $3,446 $285,974 $243,504 $42,470
2015 $3,434 $281,680 $239,847 $41,833
2014 $3,366 $276,163 $235,149 $41,014
Source: Public Records

Agents Affiliated with this Home

  • Matthew Sarro

    Seller's Agent in 2023

    Matthew Sarro

    Collier's International

    (916) 616-5267

    1 in this area

    66 Total Sales

    Matthew Sarro
    Section Image
  • Jayshree Borole

    Buyer's Agent in 2023

    Jayshree Borole

    Real Estate Source Inc

    (916) 761-2954

    1 in this area

    6 Total Sales

    Jayshree Borole
    Section Image
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Map

Source: MetroList

MLS Number: 223005829

MetroList

APN: 272-0140-021

California Sacramento County Carmichael 95608 Carmichael Town Center

5429 Marconi Ave, Carmichael, CA

Not Listed for Sale

Lots

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