NOT LISTED FOR SALE

Estimated Value: $923,000 - $1,009,000

8 Beds
6 Baths
4,420 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $925,000 $209 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,411/month

14 Days on Market

Highlights

  • Community Pool
  • Side by Side Parking
  • 7 Car Garage
  • Lincoln High School Rated A-
  • Central Heating and Cooling System
  • 3-minute walk to Fritz Grupe Park

About This Home

As of June 2022

These opportunities do not come often. Add to your portfolio a unique, 4425 sq. ft., income producing triplex located in the desirable Lincoln Village West and Lincoln Unified School District. This property boasts three spacious, well-maintained units, each with attached garages and private backyards. Close to parks, schools, shopping and conveniently situated for commuters, this property has it all.

Last Agent to Sell the Property

Daniel McNamara

Partners Real Estate License #01941943 Listed on: 03/31/2022

Partners Real Estate

Last Buyer's Agent

Juan Corzantes

Alta Realty Group CA License #01269065

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,727

Year Built

  • Built in 1979

Lot Details

  • 8,930 Sq Ft Lot

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • 7 Car Garage
  • 7 Open Parking Spaces
  • Side by Side Parking

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 100-300-10

Community Details

Overview

  • Association fees include 0
  • 3 Units
  • Mandatory home owners association

Recreation

  • Community Pool

Building Details

  • 1 Leased Unit
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,727

Year Built

Built in 1979

Lot Details

0

HOA Fees

$75 per month

Parking

7

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Triplex
  • Stories: 2
  • Year Built: 1979
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Varies by Unit
  • Price Per Square Foot: 209.04

Exterior Features

  • Construction Materials: Wood, Wood Siding
  • Foundation: Slab
  • Listing Price: 899000.00
  • Lot Features: Shape Regular
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 7.00
  • Garage Spaces: 7.00
  • Parking Features: Attached, Side-by-Side, Garage, Uncovered, Varies by Unit
  • Total Parking Spaces: 14.00

Utilities

  • Security: Varies By Unit
  • Sewer: In & Connected, Public Sewer
  • Utilities: Cable Available, Natural Gas Connected, City, Internet Available
  • Cooling: Central
  • Heating: Central
  • Laundry Features: In Each Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Pool
  • Association Fee: 900
  • Association Fee Frequency: Annually
  • Association Fee Includes: 0
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Mandatory Association: Yes

Schools

  • Senior High School District: Lincoln Unified

Lot Info

  • Zoning Description: R
  • Irrigation: Public District, Meter on Site, See Remarks
  • Lot Size Acres: 0.2050
  • Lot Size Sq Ft: 8930.00

Rental Info

  • Total # Leasable: 3

Multi Family

  • Gross Income: 66840
  • Income Includes: Rent Only
  • Number of Leased Units: 1
  • Number of Month to Month Units: 2
  • Number of Units: 3
  • Two Bedrooms Occupied: 1
  • Three Bedrooms Occupied: 2
  • Gross Income Multiplier: 13.380

Tax Info

  • Assessor Parcel Number: 100-300-10
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2024
Sold by
Brown Shirley F
Bought by
Delta Community Developers Corp
Current Estimated Value
$983,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Outstanding Balance
$618,699
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$361,483
Source: Public Records

Range of Values:

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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
Delta Community Developers Corp $975,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delta Community Developers Corp $622,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $925,000 +2.9% $209 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $899,000 -- $203 / 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
2024 $11,727 $962,370 $187,272 $775,098
2023 $11,665 $943,500 $183,600 $759,900
2022 $6,060 $470,830 $140,567 $330,263
2021 $5,987 $461,599 $137,811 $323,788
2020 $5,986 $456,866 $136,398 $320,468
2019 $5,360 $400,000 $100,000 $300,000
2018 $5,349 $400,000 $100,000 $300,000
2017 $5,340 $400,000 $100,000 $300,000
2016 $4,581 $330,000 $100,000 $230,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222038081

MetroList

APN: 100-300-10