NOT LISTED FOR SALE

Estimated Value: $984,000 - $1,375,821

8 Beds
8 Baths
3,838 Sq Ft
$293/Sq Ft Est. Value

Last Sold November 05, 2012

Last sale price $427,000 $111 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $7,810/month

7 Days on Market

Highlights

  • In Ground Spa
  • 0.36 Acre Lot
  • 1 Car Garage
  • Smiley Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of November 2012

Your first time or too busy to own investment property? This is the solution. Brookside Park has an on site property management company. This 4 plex is in a park like setting and includes 6 refreshing pools, 3 relaxing spas, tennis court, basketball court, play ground area and lush landscaping. All units have gas stoves and dishwashers. Each unit has 2 bedrooms and 2 baths with the end units being townhouses with 2 car garage and laundry hook ups. There is also a central laundry area for each building also. Close to downtown Redlands, Loma Linda University Medical Center, shopping and dining. Take advantage of the super low interest rates before they go up.

Last Agent to Sell the Property

Pixley Lewis

EXP REALTY OF CALIFORNIA INC. License #00543366 Listed on: 09/25/2012

EXP REALTY OF CALIFORNIA INC.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,180

Year Built

  • Built in 1981

Lot Details

  • 0.36

HOA Fees

  • $1,190 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • 3,838 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Pool

  • In Ground Spa
  • Private Pool

Additional Features

  • 0.36 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 10360
  • Assessor Parcel Number 0292281020000

Community Details

Overview

  • 4 Units

Recreation

  • Community Pool
  • Community Spa

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $84
  • Maintenance Expense $13,025
  • Other Expense $14,280
  • New Taxes Expense $2,504
  • Gross Income $3,873
  • Net Operating Income $16,719

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,180

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,190 per month

Parking

1

Listing Details

  • Property Type: Residential Income
  • Parcel Number: 0292281020000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 111.26
  • Spa Features: In Ground

Exterior Features

  • Pool Features: Association
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 1190.00
  • Association Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 15505.00
  • Lot Size Acres: 0.3560

Multi Family

  • Electric Expense: 84.00
  • Gross Income: 3873.00
  • Gross Scheduled Income: 46429.00
  • Lot Size Area: 15505.0000 Square Feet
  • Maintenance Expense: 13025.00
  • Net Operating Income: 16719.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 27389.00
  • Other Expense: 14280.00
  • Other Expense Description: assn due
  • Rent Control: No
  • Vacancy Allowance: 2321
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 2504.00
  • Tax Lot: 2
  • Tax Tract Number: 10360
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2012
Closed on
Oct 10, 2012
Sold by
Rao Narad P
Bought by
Tong Joseph and Tong Ines
Seller's Agent
Pixley Lewis
EXP REALTY OF CALIFORNIA INC.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$427,000
Sold Price
$427,000
Current Estimated Value
$1,122,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$695,705
Avg. Annual Appreciation
7.83%

Purchase Details

Closed on
Jan 17, 2007
Sold by
Rao Narad
Bought by
Rao Narad P and The Narad P Rao Separate Prope

Purchase Details

Closed on
Apr 15, 1998
Sold by
Home Svgs Of America Fsb
Bought by
Rao S Prahlada and Rao Narad P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.17%

Purchase Details

Closed on
Apr 18, 1997
Sold by
Steele George H and Carnie George M
Bought by
Home Svgs Of America Fsb
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
Tong Joseph $427,000 Fidelity National Title
Rao Narad P -- None Available
Rao S Prahlada $185,000 Investors Title Company
Home Svgs Of America Fsb $150,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rao Narad P $330,000
Previous Owner Rao Narad P $389,493
Previous Owner Rao Narad P $360,000
Previous Owner Rao S Prahlada $148,000
Closed Rao S Prahlada $18,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2012 11/05/12 Sold $427,000 0.0% $111 / Sq Ft
10/02/2012 10/02/12 Pending -- -- --
09/25/2012 09/25/12 For Sale $427,000 -- $111 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,180 $525,823 $104,672 $421,151
2024 $6,180 $515,513 $102,620 $412,893
2023 $6,173 $505,405 $100,608 $404,797
2022 $6,085 $495,495 $98,635 $396,860
2021 $6,195 $485,779 $96,701 $389,078
2020 $6,104 $480,797 $95,709 $385,088
2019 $5,935 $471,369 $93,832 $377,537
2018 $5,789 $462,126 $91,992 $370,134
2017 $5,740 $453,064 $90,188 $362,876
2016 $5,677 $444,181 $88,420 $355,761
2015 $5,635 $437,509 $87,092 $350,417
2014 $5,534 $428,939 $85,386 $343,553
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: E12119925

California Regional Multiple Listing Service (CRMLS)

APN: 0292-281-02