NOT LISTED FOR SALE

600 E Lugonia Ave Redlands, CA 92374

North Redlands Neighborhood

Estimated Value: $1,094,040 - $1,234,000

9 Beds
7 Baths
4,006 Sq Ft
$299/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $799,888 $200 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,097/month

24 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • 4 Car Garage
  • Citrus Valley High School Rated A

About This Home

As of July 2020

Great Redlands 4-Plex Income Property for Sale within The Mountainview HOA Complex. Minutes away from University of Redlands. Building has been professionally managed & maintained for the past few years, with all tenants being current! Recent upgrades within the past 2 years in several of the units include newer carpet, newer tile flooring, newer paint & newer granite counter tops in unit C. Building has a prime location on Lugonia Ave & allows for easy rental marketing, highly desirable area in the complex, walking distance to shopping, transportation, & other amenities. HOA has very low dues which include scheduled weekly landscaping maintenance, trash dumpsters, trash pickup and reserves to maintain the asphalt & greenbelt areas. Asphalt maintenance behind this building was just completed 2 years ago. Each unit has central air conditioning & heating. The two downstairs units have fenced patios & the two upstairs units have decks. The building is Covington Style, front unit was designed for potential owner occupants & features approximately 1,200 Sq. Ft., 3 Bedrooms, 2 Bathrooms, a large living room w/ fireplace & noone above the unit. Second Unit w/ approximately 1,000 Sq. Ft w/ 2 bedrooms, 2 bathrooms, the third unit w/ approximately 1,000 Sq. Ft w/ 2 bedrooms, 2 bathrooms, & the fourth unit w/ 1,000 Sq. Ft w/ 2 bedrooms, 1 bathroom. Each unit comes with 1 car-garage & 3 of the units also have a carport space, & the fourth unit has an open parking space.

Last Agent to Sell the Property

Tony Nelson

SYNERGY ONE REAL ESTATE License #01131002 Listed on: 04/24/2020

Last Buyer's Agent

Tony Nelson

SYNERGY ONE REAL ESTATE License #01131002 Listed on: 04/24/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall

Parking

  • 4 Car Garage
  • Carport
  • Parking Available
  • Parking Lot
  • Assigned Parking

Home Design

  • 4,006 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 10142
  • Assessor Parcel Number 0167271340000

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units
  • Mountainview HOA

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Fuel Expense $1,220
  • Insurance Expense $1,200
  • Other Expense $4,320
  • Water Sewer Expense $4,200
  • New Taxes Expense $6,783
  • Operating Expense $12,783
  • Gross Income $62,952
  • Net Operating Income $44,779

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0167271340000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 199.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Garage, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 360.00
  • Association Name: Mountainview HOA
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11919.00
  • Lot Size Acres: 0.2736

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 1220.00
  • Gross Income: 62952.00
  • Gross Operating Income: 62952.00
  • Gross Scheduled Income: 62952.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Lot Size Area: 11919.0000 Square Feet
  • Net Operating Income: 44779.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 18203.00
  • Other Expense: 4320.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 5196.00
  • Total Expenses: 12783.00

Tax Info

  • New Taxes Expense: 6783.00
  • Tax Census Tract: 80.02
  • Tax Lot: 3
  • Tax Tract Number: 10142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2021
Sold by
Juarez Raymond D and Juarez Monica M
Bought by
Juarez Raymond D and Juarez Monica M
Current Estimated Value
$1,196,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$535,702
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$660,558

Purchase Details

Listed on
Apr 24, 2020
Closed on
Jun 12, 2020
Sold by
Oliver Myshale Terique and Myshale Terique Oliver Living
Bought by
Juarez Raymond D and Juarez Monica M
Seller's Agent
Tony Nelson
SYNERGY ONE REAL ESTATE
Buyer's Agent
Tony Nelson
SYNERGY ONE REAL ESTATE
List Price
$799,888
Sold Price
$799,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%
Original Mortgage
$599,916
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2019
Sold by
Oliver Myshale Terique
Bought by
Oliver Myshale Terique and Myshale Terique Oliver Living

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2016
Sold by
Oliver Myshale T
Bought by
Oliver Myshale Terique and The Myshale Terique Oliver Liv

Purchase Details

Listed on
Aug 17, 2015
Closed on
Sep 24, 2015
Sold by
Ahmanson Karla
Bought by
Oliver Myshale T
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Tony Nelson
SYNERGY ONE REAL ESTATE
List Price
$509,000
Sold Price
$509,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$499,780
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 16, 2005
Sold by
Charnee Llc
Bought by
Janes Chris H and Janes Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 13, 2005
Sold by
Perez Christopher A and Perez Susan M
Bought by
Charnee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 23, 2004
Sold by
Charnee Llc
Bought by
Perez Christopher A and Perez Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,500
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2003
Sold by
Perez Christopher A and Perez Susan M
Bought by
Charnee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 24, 2003
Sold by
Aurora Loan Services Inc
Bought by
Perez Christopher A and Perez Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.89%

Purchase Details

Closed on
Sep 6, 2002
Sold by
Latham Terrence
Bought by
Aurora Loan Services Inc

Purchase Details

Closed on
Jan 15, 1999
Sold by
R I C O Six Llc
Bought by
Latham Terrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.63%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 7, 1999
Sold by
Mountain Crest Llc
Bought by
R I C O Six Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.63%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 3, 1997
Sold by
Smith Natasha K
Bought by
Smith Rico L

Purchase Details

Closed on
Mar 1, 1997
Sold by
Harris Carl
Bought by
Smith Rico L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Juarez Raymond D -- Clearmark Title Company
Juarez Raymond D $800,000 Wfg Title Company
Oliver Myshale Terique -- North American Title Company
Oliver Myshale Terique -- North American Title Company
Oliver Myshale Terique -- None Available
Oliver Myshale T $509,000 Fidelity Sherman Oaks
Janes Chris H $543,000 Fidelity National Title Co
Charnee Llc -- Fidelity National Title Co
Perez Christopher A -- Fidelity National Title Co
Charnee Llc $50,000 --
Perez Christopher A $250,000 Equity Title Company
Aurora Loan Services Inc $267,512 First American Title Co
Latham Terrence $330,000 Fidelity National Title Co
R I C O Six Llc -- Fidelity National Title Co
Mountain Crest Llc $160,000 Fidelity National Title Co
Smith Rico L -- American Title
Smith Rico L $295,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juarez Raymond D $600,000
Closed Juarez Raymond D $599,916
Previous Owner Oliver Myshale Terique $485,000
Previous Owner Oliver Myshale T $499,780
Previous Owner Janes Chris H $90,000
Previous Owner Perez Christopher A $304,500
Previous Owner Charnee Llc $200,000
Previous Owner Perez Christopher A $200,000
Previous Owner Latham Terrence $155,000
Previous Owner Smith Rico L $221,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2020 07/08/20 Sold $799,888 0.0% $200 / Sq Ft
04/24/2020 04/24/20 For Sale $799,888 +57.1% $200 / Sq Ft
11/20/2015 11/20/15 Sold $509,000 0.0% $127 / Sq Ft View Prior Sale
09/12/2015 09/12/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $509,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,096 $865,825 $173,189 $692,636
2024 $10,096 $848,848 $169,793 $679,055
2023 $10,085 $832,204 $166,464 $665,740
2022 $9,939 $815,886 $163,200 $652,686
2021 $10,120 $799,888 $160,000 $639,888
2020 $6,889 $550,958 $108,243 $442,715
2019 $6,783 $540,155 $106,121 $434,034
2018 $6,615 $529,564 $104,040 $425,524
2017 $6,560 $519,180 $102,000 $417,180
2016 $6,487 $509,000 $100,000 $409,000
2015 $5,733 $445,300 $83,500 $361,800
2014 $5,008 $387,200 $72,600 $314,600
Source: Public Records

Agents Affiliated with this Home

  • Tony Nelson

    Seller's Agent in 2020

    Tony Nelson

    SYNERGY ONE REAL ESTATE

    (626) 536-2225

    140 Total Sales

    Tony Nelson
    Section Image

  • K

    Seller's Agent in 2015

    Kurt Tiedt

    Kurt W. Tiedt

    (951) 278-0700

    10 Total Sales

    Kurt Tiedt
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20079197

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-34

California San Bernardino County Redlands 92374 North Redlands

600 E Lugonia Ave, Redlands, CA

Not Listed for Sale

MultiFamily

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