NOT LISTED FOR SALE

Estimated Value: $1,142,049

8 Beds
3 Baths
3,078 Sq Ft
$371/Sq Ft Est. Value

Sale Details

Date Sold: September 9, 2021

Last sale price $950,000 $309 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,452 / mo

151 Days on Market

Highlights

  • Property is near park
  • Gentle Sloping Lot
  • 3-minute walk to Mid State Scare / the Haunt
  • No HOA

About This Home

As of September 2021

Rare opportunity to purchase a property that can immediately generate cash flow with the added potential bonus of future multifamily expansion. Over a half-acre of land that is zoned MF20 this property may be improved with up to a 10-unit multifamily development. The modern medical office building and a charming home located on the property both generate rental income. The two office spaces are each approxamently 1,200 SF and share a common waiting room and outdoor break area. The property has plenty of off-street parking to accommodate patients and guest. Between the potential cash flow and further development this is an opportunity you don't want to miss.

Last Agent to Sell the Property

Jeff Landon

Keller Williams Central Coast License #01915835 Listed on: 02/24/2021

Keller Williams Central Coast

Last Buyer's Agent

Jean Ponek

Ponek Real Estate Group License #01384713

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 23,335 Sq Ft Lot
  • No Common Walls
  • Gentle Sloping Lot

Home Design

  • 3,078 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry in unit
  • Property is near park

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 3 / LA
  • Assessor Parcel Number 029252005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Atnortheast Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • New Taxes Expense $12,144
  • Operating Expense $17,144
  • Gross Income $56,700
  • Net Operating Income $48,865

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.54 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: ATNortheast(10)
  • Zoning: MF20
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 029252005
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 308.64

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Park Nearby
  • Lot Size Sq Ft: 23335.00
  • Lot Size Acres: 0.5357

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 56700.00
  • Gross Operating Income: 56700.00
  • Gross Scheduled Income: 56700.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 23335.0000 Square Feet
  • Net Operating Income: 48865.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 17144.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12144.00
  • Tax Block: LA
  • Tax Census Tract: 125.02
  • Tax Lot: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2024
Sold by
Bought by
Current Estimated Value
$1,142,049

Purchase Details

Listed on
Feb 24, 2021
Closed on
Aug 9, 2021
Sold by
Bought by
Seller's Agent
Jeff Landon
Keller Williams Central Coast
Buyer's Agent
Jean Ponek
Ponek Real Estate Group
List Price
$1,059,000
Sold Price
$950,000
Premium/Discount to List
-$109,000
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.78%

Purchase Details

Closed on
Oct 23, 2017
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Atascadero, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$950,000 First American Title Company
-- None Available
-- First American Title Company
-- None Available
$649,000 Fidelity Title Company
-- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $490,000
Previous Owner $487,500
Previous Owner $101,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/09/2021 09/09/21 Sold $950,000 -4.9% $309 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
06/16/2021 06/16/21 Price Changed $999,000 -5.7% $325 / Sq Ft
02/24/2021 02/24/21 For Sale $1,059,000 -- $344 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,245 $1,028,309 $541,216 $487,093
2025 $13,296 $1,008,147 $530,604 $477,543
2024 $13,291 $988,380 $520,200 $468,180
2023 $13,291 $969,000 $510,000 $459,000
2022 $12,787 $950,000 $500,000 $450,000
2021 $10,411 $761,393 $505,614 $255,779
2020 $9,631 $753,587 $500,430 $253,157
2019 $9,284 $738,812 $490,618 $248,194
2018 $8,995 $724,327 $480,999 $243,328
2017 $8,833 $710,125 $471,568 $238,557
2016 $8,674 $696,202 $462,322 $233,880
2015 $8,553 $685,745 $455,378 $230,367
2014 $8,435 $725,000 $75,000 $650,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21038889

California Regional Multiple Listing Service (CRMLS)

APN: 029-252-005

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