NOT LISTED FOR SALE

Estimated Value: $444,000 - $737,000

6 Beds
3 Baths
2,163 Sq Ft
$289/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $650,000 $301 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,980/month

11 Days on Market

Highlights

  • Solar Power System
  • Craftsman Architecture
  • Security Gate
  • Lathrop High School Rated A-
  • Double Pane Windows
  • Tile Flooring

About This Home

As of July 2021

Good investment opportunity 2 houses on one lot, great for income!! The main house features three bedrooms, two bathrooms, an inside laundry room, and tile flooring throughout. The 2nd back house features three bedrooms, one bathroom, an inside laundry area, and a great room. There are also two separate patios, RV parking, and a Vivint solar system for both units. And walking distance to Libby Lane park. These Duplex units won't last!

Last Agent to Sell the Property

Ernesto Martinez

Intero Real Estate Services License #01957648 Listed on: 06/09/2021

Intero Real Estate Services

Last Buyer's Agent

Saul Alcazar Pena

eXp Realty of California Inc License #02109742

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,062

Year Built

  • 1976

Lot Details

  • 6,504 Sq Ft Lot
  • Security Fence

Home Design

  • Duplex
  • Craftsman Architecture
  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,163 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Security Gate

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Parking

  • 3 Parking Spaces
  • 2 Carport Spaces
  • No Garage

Additional Features

  • Solar Power System
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $40,800
  • Renewal Option

Community Details

Overview

  • 2,163 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $500
  • Insurance Expense $120
  • Maintenance Expense $300
  • Utility Expense $200
  • Trash Expense $400
  • Operating Expense $1,520
  • Gross Income $39,984

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,062

Year Built

1976

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Craftsman, Traditional
  • Age: 45
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2163
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Kitchen: Cooktop - Gas, Garbage Disposal, Oven - Gas, Refrigerator
  • Living Sq Ft: 2163
  • Stories: 1
  • Security: Security Fence
  • Flooring: Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Common Parking Area, No Garage, Parking Area
  • Carport Min: 2

Utilities

  • Cooling System: Ceiling Fan, Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Security Gate

Schools

  • School District: Manteca Unified

Lot Info

  • Lot Acres: 0.1493
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6505.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6505.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month, Renewal Option
  • Gross Rent Multiplier: 14.46
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities, Solar
  • Expense Insurance: 120
  • Expense Landscape: 500
  • Expense Maintenance: 300
  • Expenses Total: 1520
  • Expenses Utility: 200
  • Expense Trash: 400
  • Income Annual Gross: 39984.00
  • Income Annual Rental: 40800
  • Income Gross Scheduled: 40800
  • Income Includes: Laundry, Lease, Parking
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Rent/Lease, Maintenance - Repair
  • Tenant Expenses: All Expenses, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 15, 2021
Sold by
Negrete Luis Armando Garcia and Negret Miguel Angel
Bought by
Pena Jorge Alcazar and Alvarez Yesenia Ramos
Seller's Agent
Ernesto Martinez
Intero Real Estate Services
Buyer's Agent
Saul Alcazar Pena
eXp Realty of California Inc
List Price
$590,000
Sold Price
$650,000
Premium/Discount to List
$60,000
10.17%
Current Estimated Value
$625,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,133
Avg. Annual Appreciation
-0.89%
Original Mortgage
$552,500
Outstanding Balance
$501,538
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$124,329

Purchase Details

Closed on
Jan 2, 2020
Sold by
Negrete Luis Armando Garcia
Bought by
Negrete Luis Armando Garcia and Negrete Miguel Angel Sosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,666
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 26, 2019
Sold by
Garcia Katia Rosella
Bought by
Negrete Luis Armando Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,666
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Listed on
May 15, 2017
Closed on
Aug 29, 2017
Sold by
Dickinson Elizabeth
Bought by
Negrete Luis Armando Garcia and Garcia Katia Rosella
Seller's Agent
Catina Ortega
PMZ Real Estate
Buyer's Agent
John Scott
Scott Keys Properties
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$380,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2000
Sold by
Clapp John I
Bought by
Dickinson Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,195
Interest Rate
8.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1997
Sold by
Hart Boardman Donald and Hart Carol A
Bought by
Clapp John I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,940
Interest Rate
7.49%
Mortgage Type
VA

Purchase Details

Closed on
Aug 30, 1995
Sold by
Boardman Carol A and Mullins Carol A
Bought by
Boardman Donald Hart and Boardman Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 1995
Sold by
Mullins Everett C
Bought by
Boardman Carol A and Mullins Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
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
Pena Jorge Alcazar $650,000 Fidelity National Title Co
Negrete Luis Armando Garcia -- Fidelity Natl Ttl Stockton
Negrete Luis Armando Garcia -- Fidelity Natl Ttl Stockton
Negrete Luis Armando Garcia $400,000 North American Title Co Inc
Dickinson Elizabeth $115,000 Chicago Title Co
Clapp John I $97,000 Chicago Title Co
Clapp John I -- Chicago Title Co
Boardman Donald Hart -- Old Republic Title Company
Boardman Carol A -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pena Jorge Alcazar $552,500
Previous Owner Negrete Luis Armando Garcia $382,666
Previous Owner Negrete Luis Armando Garcia $380,000
Previous Owner Dickinson Elizabeth $63,195
Previous Owner Clapp John I $98,940
Previous Owner Boardman Donald Hart $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2021 07/30/21 Sold $650,000 +10.2% $301 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $590,000 +47.5% $273 / Sq Ft
09/18/2017 09/18/17 Sold $400,000 -3.6% $185 / Sq Ft View Prior Sale
07/06/2017 07/06/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $415,000 -- $192 / Sq Ft
Source: MLSListings

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 $8,062 $689,785 $159,181 $530,604
2024 $7,953 $676,260 $156,060 $520,200
2023 $7,812 $663,000 $153,000 $510,000
2022 $7,723 $650,000 $150,000 $500,000
2021 $5,205 $420,470 $68,326 $352,144
2020 $5,008 $416,160 $67,626 $348,534
2019 $4,944 $408,000 $66,300 $341,700
2018 $4,857 $400,000 $65,000 $335,000
2017 $3,060 $244,508 $39,728 $204,780
2016 $2,990 $239,714 $38,949 $200,765
2014 $2,801 $231,490 $37,613 $193,877
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81848184

MLSListings

APN: 196-430-08