NOT LISTED FOR SALE
6 Beds
2 Baths
1,760 Sq Ft
5,998 Sq Ft Lot

Sale Details

Date Sold: January 5, 2018

Last sale price $970,000 $551 Per Sq Ft

12 Days on Market

Highlights

  • Washer and Dryer
  • Vinyl Flooring
  • 1-Story Property
  • Independence High School Rated A-

About This Home

As of January 2018

Unbelievable cash flowing duplex! Long term tenants. One side section 8 renters with year lease, one side month to month with long term tenant. New roof 2017. New wall heaters 2017. 2016-2017 other upgrades include new laminate floors, dual pane windows, most kitchen cabinets, bathroom updates, sinks, granite counter tops, backsplash, paint, etc. $5600 gross monthly rental income!!! Less than 5 miles from potential upcoming Google campus!

Last Agent to Sell the Property

John Belveal

Belveal Properties License #01895212 Listed on: 11/07/2017

Last Buyer's Agent

Alan Khoo

JODI Group License #01247884

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 5,998 Sq Ft Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,760 Sq Ft Home
  • 1-Story Property
  • Electric Oven
  • Washer and Dryer

Flooring

  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $67,200
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,100
  • Maintenance Expense $2,000
  • Utility Expense $704
  • Trash Expense $797
  • Operating Expense $11,724
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

5,998 Sq Ft Lot

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1760
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Oven Range - Electric
  • Living Sq Ft: 1760
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.14
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1100
  • Expense Maintenance: 2000
  • Expenses Total: 11724
  • Expenses Utility: 704
  • Expense Trash: 797
  • Income Annual Gross: 67200.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

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

Listed on
Nov 7, 2017
Closed on
Jan 3, 2018
Sold by
Bought by
Seller's Agent
John Belveal
Belveal Properties
Buyer's Agent
Alan Khoo
JODI Group
List Price
$950,000
Sold Price
$970,000
Premium/Discount to List
$20,000
2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2017
Closed on
Dec 13, 2017
Sold by
Bought by
Seller's Agent
John Belveal
Belveal Properties
Buyer's Agent
Alan Khoo
JODI Group
List Price
$950,000
Sold Price
$970,000
Premium/Discount to List
$20,000
2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2017
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2017
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
$360,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2015
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
$225,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$970,000 Old Republic Title Co
-- Old Republic Title Co
-- None Available
-- Old Republic Title Company
$300,000 Old Republic Title Company
-- None Available
-- --
-- --
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
Open $630,348
Closed $650,000
Closed $656,250
Previous Owner $360,000
Previous Owner $225,000
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
01/05/2018 01/05/18 Sold $970,000 +2.1% $551 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
11/07/2017 11/07/17 For Sale $950,000 -- $540 / Sq Ft
Source: MLSListings

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 $16,809 $1,125,763 $661,531 $464,232
2025 $16,476 $1,103,690 $648,560 $455,130
2024 $16,476 $1,082,050 $635,844 $446,206
2023 $16,165 $1,060,834 $623,377 $437,457
2022 $15,847 $1,040,034 $611,154 $428,880
2021 $15,303 $1,019,642 $599,171 $420,471
2020 $14,993 $1,009,188 $593,028 $416,160
2019 $14,574 $989,400 $581,400 $408,000
2018 $8,611 $520,200 $353,736 $166,464
2017 $8,624 $510,000 $346,800 $163,200
2016 $2,423 $49,716 $17,343 $32,373
2015 $2,389 $48,970 $17,083 $31,887
2014 $1,500 $48,012 $16,749 $31,263
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81684139

MLSListings

APN: 481-30-011

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