NOT LISTED FOR SALE

Estimated Value: $931,000 - $2,198,000

6 Beds
11 Baths
3,142 Sq Ft
$522/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $1,490,000 $474 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,026/month

459 Days on Market

Highlights

  • Traditional Architecture
  • Private Yard
  • Fireplace
  • Petaluma Junior High School Rated A-
  • Detached Garage
  • Accessible Kitchen

About This Home

As of July 2019

Income, Location, Charm! Located in one of Petaluma's most desirable neighborhoods, this prime multi-unit opportunity is ideal for the owner/user as well as investor. Property is composed of a charming 2 bed/ 1 bath bungalow in the front and a 2 bed/ 1.5 bath townhouse style duplex in the rear. All units feature garages, generous backyards, ample parking and indoor laundry. Just a few blocks from McNear Park & downtown Petaluma.

Last Agent to Sell the Property

David Rendino

RE/MAX Marketplace License #01252035 Listed on: 04/16/2018

RE/MAX Marketplace

Last Buyer's Agent

Steve Dick

Wine Country Fine Homes License #01202897

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.26 Acre Lot
  • Private Yard

Parking

  • Detached Garage

Home Design

  • Triplex
  • Traditional Architecture
  • Cottage
  • Concrete Foundation
  • Composition Roof

Interior Spaces

  • 6 Bedrooms
  • 3,142 Sq Ft Home
  • Fireplace
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Additional Features

  • Accessible Kitchen
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 008-211-022-000

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Gross Income $108,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Triplex
  • Directions To Property: Petaluma Blvd St to I St to 7th St.
  • Lot Size Acres: 0.2583
  • CapRate: 5.50
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Cottage, Traditional
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, OVFR
  • Accessibility Features: Accessible Kitchen
  • Price Per Square Foot: 474.22
  • Square Footage: 3142
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • ExteriorFeatures: Yard Space

Garage/Parking

  • Parking Features: CAR3, Detached, Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Fireplace(s)
  • Laundry Features: In Each Unit, Washer/Dryer Hookups

Lot Info

  • Assessor Parcel Number: 008-211-022-000
  • Lot Size Sq Ft: 11252

Building Info

  • Year Built: 1979

Multi Family

  • NumberOfUnitsTotal: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Jul 24, 2019
Sold by
607 Seventh St Lp
Bought by
Mizany Commercial Properties Llc
Seller's Agent
David Rendino
RE/MAX Marketplace
Buyer's Agent
Steve Dick
Wine Country Fine Homes
List Price
$1,490,000
Sold Price
$1,490,000
Current Estimated Value
$1,640,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,796
Avg. Annual Appreciation
1.50%

Purchase Details

Listed on
Sep 13, 2017
Closed on
Dec 27, 2017
Sold by
Kadami Enterprises Lp
Bought by
607 Seventh St Lp
Seller's Agent
Timo Rivetti
Navigate Real Estate
Buyer's Agent
David Rendino
RE/MAX Marketplace
List Price
$1,185,000
Sold Price
$1,185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%

Purchase Details

Listed on
Sep 13, 2017
Closed on
Oct 30, 2017
Sold by
Mulvihill Dennis J and Mulvihill Denise M
Bought by
Kadami Enterprises Lp
Seller's Agent
Timo Rivetti
Navigate Real Estate
Buyer's Agent
David Rendino
RE/MAX Marketplace
List Price
$1,185,000
Sold Price
$1,185,000

Purchase Details

Closed on
Apr 25, 2003
Sold by
Silverman Barry N
Bought by
Mulvihill Dennis J and Mulvihill Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,300
Interest Rate
5.72%

Purchase Details

Closed on
Feb 7, 2003
Sold by
Silverman Barry
Bought by
Silverman Barry N and The Barry Neil Silverman Revoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.76%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 6, 2003
Sold by
Silverman Barry N and Barry Neil Silverman Revocable
Bought by
Silverman Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.76%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 29, 1999
Sold by
Silverman Barry Neil
Bought by
Silverman Barry N and Barry Neil Silverman Revocable

Purchase Details

Closed on
Jan 27, 1999
Sold by
Silverman Barry N and Barry Neil Silverman Revocable
Bought by
Silverman Barry Neil

Purchase Details

Closed on
Nov 27, 1996
Sold by
Barella John E and Barella Andrea
Bought by
Silverman Barry N and Barry Neil Silverman Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,205
Interest Rate
7.76%

Purchase Details

Closed on
Aug 16, 1995
Sold by
Silverman Barry Neil
Bought by
Silverman Barry N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.63%

Purchase Details

Closed on
Aug 8, 1995
Sold by
Silverman Barry N
Bought by
Silverman Barry N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.63%

Purchase Details

Closed on
Jul 6, 1995
Sold by
Silverman Barry N
Bought by
Silverman Barry N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.63%

Purchase Details

Closed on
Apr 5, 1994
Sold by
Silverman Barry N and Short Eric P
Bought by
Silverman Barry N and Short Eric P

Purchase Details

Closed on
Jan 19, 1994
Sold by
Mcsweeney Timothy and Mcsweeney Carole
Bought by
Silverman Barry N

Purchase Details

Closed on
Dec 28, 1993
Sold by
Durenberger David Christain
Bought by
Silverman Barry N
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
Mizany Commercial Properties Llc $1,490,000 First American Title Co
607 Seventh St Lp -- None Available
Kadami Enterprises Lp $1,185,000 Old Republic Title Company
Mulvihill Dennis J $850,000 North Bay Title Company
Silverman Barry N -- Financial Title Co
Silverman Barry -- Financial Title Co
Silverman Barry N -- --
Silverman Barry Neil -- Old Republic Title
Silverman Barry N $170,000 Sonoma Title Guaranty Compan
Silverman Barry N -- --
Silverman Barry Neil -- Old Republic Title Company
Silverman Barry N -- --
Silverman Barry N -- Sonoma Title Guaranty Compan
Silverman Barry N -- --
Silverman Barry N -- --
Silverman Barry N -- --
Silverman Barry N -- --
Silverman Barry N -- --
Silverman Barry N -- --
Silverman Barry N -- Sonoma Title Guaranty Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mulvihill Dennis J $499,300
Previous Owner Silverman Barry $75,000
Previous Owner Silverman Barry N $236,205
Previous Owner Silverman Barry N $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2019 07/26/19 Sold $1,490,000 0.0% $474 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
04/16/2018 04/16/18 For Sale $1,490,000 +25.7% $474 / Sq Ft
10/31/2017 10/31/17 Sold $1,185,000 0.0% $377 / Sq Ft View Prior Sale
10/26/2017 10/26/17 Pending -- -- --
09/13/2017 09/13/17 For Sale $1,185,000 -- $377 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $17,360 $1,629,528 $651,811 $977,717
2024 $17,360 $1,597,578 $639,031 $958,547
2023 $17,360 $1,566,253 $626,501 $939,752
2022 $16,921 $1,535,543 $614,217 $921,326
2021 $16,600 $1,505,435 $602,174 $903,261
2020 $16,745 $1,490,000 $596,000 $894,000
2019 $13,711 $1,208,700 $484,500 $724,200
2018 $13,658 $1,185,000 $475,000 $710,000
2017 $11,512 $998,347 $623,968 $374,379
2016 $9,720 $844,000 $528,000 $316,000
2015 $6,278 $540,000 $338,000 $202,000
2014 $6,370 $540,000 $338,000 $202,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21809055

Bay Area Real Estate Information Services (BAREIS)

APN: 008-211-022