NOT LISTED FOR SALE

Estimated Value: $551,000 - $591,059

4 Beds
4 Baths
2,228 Sq Ft
$256/Sq Ft Est. Value

Last Sold October 02, 2013

Last sale price $250,000 $112 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $3,411/month

2 Days on Market

Highlights

  • Property is near public transit
  • Double Pane Windows
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring
  • 2 Car Garage

About This Home

As of October 2013

Great investment opportunity with plenty of positive cash flow. 2 units, each 2/2 1,114 Sqft in excellent condition. Easy to rent with great location across from Cosumnes River College and located in Elk Grove School District. Will not last!

Last Agent to Sell the Property

Gabriel Witkin Sr

Real Estate Source Inc License #01429432 Listed on: 09/02/2013

Real Estate Source Inc

Last Buyer's Agent

Alyssa Cross

Realty ONE Group Complete License #01889056

Realty ONE Group Complete

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,645

Year Built

  • Built in 1981

Lot Details

  • 10,180

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Tile Flooring

Additional Features

  • 10,180 Sq Ft Lot
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 117-0400-060-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,645

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1981
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Range
  • Other Equipment: None
  • Flooring: Tile
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 249000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Public Trans Nearby
  • Association: No

Schools

  • Senior High School District: Elk Grove Unified

Lot Info

  • Zoning Description: R1
  • Lot Size Acres: 0.2337
  • Lot Size Sq Ft: 10180

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Gross Income: 24840
  • Income Includes: Rent Only
  • Number of Leased Units: 1
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 117-0400-060-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2013
Closed on
Sep 26, 2013
Sold by
Woodworth Michael J and Woodworth Ada A
Bought by
Washington Sharrel
Seller's Agent
Gabriel Witkin Sr
Real Estate Source Inc
Buyer's Agent
Alyssa Cross
Realty ONE Group Complete
List Price
$249,000
Sold Price
$250,000
Premium/Discount to List
$1,000
0.4%
Current Estimated Value
$567,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,376
Avg. Annual Appreciation
7.18%
Original Mortgage
$241,656
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 29, 2013
Closed on
May 22, 2013
Sold by
Collins Richard C and Collins Ruby J
Bought by
Woodworth Michael J and Woodworth Ada A
Seller's Agent
Thomas Lichtenberg
Redleaf Realty
Buyer's Agent
Thomas Lichtenberg
Redleaf Realty
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
257.91%

Purchase Details

Closed on
Apr 30, 2003
Sold by
Madrid Michael L and Madrid Tiffany M
Bought by
Madrid Land Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
5.5%

Purchase Details

Closed on
Apr 29, 2003
Sold by
Madrid Land Holdings Inc
Bought by
Collins Richard C and Collins Ruby J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
5.5%

Purchase Details

Closed on
Jan 22, 2003
Sold by
Johnson William T
Bought by
Madrid Michael L and Madrid Tiffany M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 1993
Sold by
Johnson Anne P
Bought by
Johnson William T
Source: Public Records

Range of Values:

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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
Washington Sharrel $250,000 Old Republic Title Company
Woodworth Michael J $160,000 Stewart Title Sac
Madrid Land Holdings Inc -- Fidelity National Title Co
Collins Richard C $299,000 Fidelity National Title Co
Madrid Land Holdings Inc -- Fidelity National Title Co
Madrid Michael L $270,000 Fidelity Natl Title Co Of Ca
Johnson William T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Idem Sharrel $200,000
Closed Washington Sharrel $236,291
Closed Washington Sharrel $241,656
Previous Owner Collins Richard C $332,800
Previous Owner Madrid Land Holdings Inc $219,000
Previous Owner Madrid Michael L $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2013 10/02/13 Sold $250,000 +0.4% $112 / Sq Ft
09/04/2013 09/04/13 Pending -- -- --
09/02/2013 09/02/13 For Sale $249,000 +55.6% $112 / Sq Ft
05/29/2013 05/29/13 Sold $160,000 0.0% $72 / Sq Ft
03/29/2013 03/29/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $160,000 -- $72 / 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 $3,645 $306,456 $30,641 $275,815
2024 $3,645 $300,448 $30,041 $270,407
2023 $3,545 $294,557 $29,452 $265,105
2022 $3,495 $288,782 $28,875 $259,907
2021 $3,443 $283,120 $28,309 $254,811
2020 $3,389 $280,218 $28,019 $252,199
2019 $3,327 $274,724 $27,470 $247,254
2018 $3,237 $269,338 $26,932 $242,406
2017 $3,175 $264,057 $26,404 $237,653
2016 $2,867 $258,881 $25,887 $232,994
2015 $3,955 $254,994 $25,499 $229,495
2014 $3,493 $250,000 $25,000 $225,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 13052283

MetroList

APN: 117-0400-060