NOT LISTED FOR SALE

6016 Rye Way Carmichael, CA 95608

Estimated Value: $499,480 - $607,000

4 Beds
2 Baths
1,664 Sq Ft
$327/Sq Ft Est. Value

Last Sold December 24, 2020

Last sale price $390,000 $234 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,267/month

163 Days on Market

Highlights

  • No HOA
  • 1 Car Garage
  • 1-Story Property
  • Double Pane Windows

About This Home

As of December 2020

Duplex, fresh exterior paint. Roof is a few years old. Each unit is a 2 bedroom, 1 bath. Monthly rent increasing to $1200 in December for both units (section 8 approved). Potential rent of $2,400 monthly. Tenant pays for electric + gas and owner pays for water, sewer, trash. Both units on month to month leases. Long term tenants.

Last Agent to Sell the Property

Vanessa Amador

PMZ Real Estate License #01979967 Listed on: 05/27/2020

PMZ Real Estate

Last Buyer's Agent

Roger Qutami

Excel Realty Inc. License #01749289

Excel Realty Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 236-0252-005-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1963
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Gas Water Heater
  • Flooring: Carpet,Laminate,Tile
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts
  • Listing Price: 400000.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 1
  • Parking Features: Garage
  • Total Parking Spaces: 2

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: See Remarks
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: DPLX
  • Lot Size Acres: 0.1400
  • Lot Size Sq Ft: 6098

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 236-0252-005-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Dec 11, 2020
Sold by
Grand Toor Inc
Bought by
Saeed Mohammed Mohammed and Ai Samaraee Reem
Seller's Agent
Vanessa Amador
PMZ Real Estate
Buyer's Agent
Roger Qutami
Excel Realty Inc.
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Current Estimated Value
$543,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,870
Avg. Annual Appreciation
6.86%
Original Mortgage
$292,500
Outstanding Balance
$260,283
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$283,587

Purchase Details

Closed on
May 1, 2020
Sold by
Vannguyen Hung
Bought by
Grand Toor Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2004
Sold by
Meinzer Jan and Meinzer Janell L
Bought by
Vannguyen Hung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2004
Sold by
Phung Bich Thuan T
Bought by
Vannguyen Hung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1999
Sold by
Terry N Meinzer Family Trust and Terry N
Bought by
Meinzer Jan N and Meinzer Janell L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
3.35%

Purchase Details

Closed on
Mar 10, 1998
Sold by
Terry N Meinzer Family Trust and Terry N
Bought by
Meinzer Terry N and Meinzer Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.02%
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
Saeed Mohammed Mohammed $390,000 North American Title Co Inc
Grand Toor Inc $330,000 North American Title Company
Vannguyen Hung $322,500 Alliance Title Company
Vannguyen Hung -- Alliance Title Company
Meinzer Jan N $107,000 North American Title Guarant
Meinzer Terry N -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saeed Mohammed Mohammed $292,500
Previous Owner Grand Toor Inc $295,500
Previous Owner Vannguyen Hung $125,000
Previous Owner Meinzer Jan N $85,600
Previous Owner Meinzer Terry N $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2020 12/24/20 Sold $390,000 -2.5% $234 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
10/29/2020 10/29/20 Price Changed $400,000 0.0% $240 / Sq Ft
10/29/2020 10/29/20 For Sale $400,000 -9.1% $240 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
09/26/2020 09/26/20 Price Changed $439,950 0.0% $264 / Sq Ft
09/26/2020 09/26/20 For Sale $439,950 +12.8% $264 / Sq Ft
09/06/2020 09/06/20 Off Market $390,000 -- --
08/13/2020 08/13/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $424,950 +9.0% $255 / Sq Ft
07/21/2020 07/21/20 Off Market $390,000 -- --
06/08/2020 06/08/20 Price Changed $424,950 -2.3% $255 / Sq Ft
05/27/2020 05/27/20 For Sale $435,000 -- $261 / 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 $5,010 $422,148 $135,304 $286,844
2024 $5,010 $413,871 $132,651 $281,220
2023 $4,931 $405,756 $130,050 $275,706
2022 $4,832 $397,800 $127,500 $270,300
2021 $4,753 $390,000 $125,000 $265,000
2020 $3,990 $330,000 $132,682 $197,318
2019 $4,033 $333,794 $125,172 $208,622
2018 $3,874 $317,900 $119,212 $198,688
2017 $3,624 $294,353 $110,382 $183,971
2016 $3,228 $275,097 $103,161 $171,936
2015 $3,027 $254,720 $95,520 $159,200
2014 $2,829 $238,056 $89,271 $148,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20030095

MetroList

APN: 236-0252-005