NOT LISTED FOR SALE

Estimated Value: $624,000 - $749,000

4 Beds
4 Baths
2,119 Sq Ft
$312/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $620,000 $293 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,937/month

6 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • Carpet
  • Central Heating and Cooling System
  • Laundry Facilities
  • 1-Story Property

About This Home

As of July 2024

Rare investment opportunity in the highly desirable rental community of Carmichael. Premier unit mix of two bedroom/two bath with two car garage on both sides! One unit has been completely remodeled with new kitchen/baths including cabinets, granite, appliances, and durable laminate flooring. Each unit has laundry hook ups and cental heat and air. Don't miss out on this long-term investment opportunity. Both units occupied Do Not Disturb Tenants

Last Agent to Sell the Property

Dean Bagneschi

eXp Realty of California Inc. License #01471790 Listed on: 06/05/2024

eXp Realty of California Inc.

Last Buyer's Agent

Ali Hashemi

Legacy Real Estate License #01225983

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Home Design

  • Duplex
  • Concrete Foundation
  • Slab Foundation
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,119 Sq Ft Home
  • 1-Story Property
  • Carbon Monoxide Detectors
  • Built-In Electric Range

Flooring

  • Carpet
  • Laminate

Utilities

  • Central Heating and Cooling System
  • 220 Volts

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 236-0360-016-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Net Lease

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Duplex
  • Year Built: 1974
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Range
  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 292.59
  • Square Footage: 2119.00

Exterior Features

  • Construction Materials: Stucco, Wood
  • Disclosures/Documents: None
  • Foundation: Slab, Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 649900.00
  • Lot Features: Sidewalk
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Open Parking Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 8.00

Utilities

  • Security: Carbon Mon Detector
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: Washer/Dryer Owned
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R2
  • Irrigation: Irrigation Available, Public District
  • Lot Size Acres: 0.2000
  • Lot Size Sq Ft: 8712.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Number of Leased Units: 2
  • Number of Units: 2
  • Gross Income Multiplier: 13.000

Tax Info

  • Assessor Parcel Number: 236-0360-016-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2024
Closed on
Jul 2, 2024
Sold by
Schardt Revocable Trust and Schardt Robert M
Bought by
Bahram Raad Living Trust and Raad
Seller's Agent
Dean Bagneschi
eXp Realty of California Inc.
Buyer's Agent
Ali Hashemi
Legacy Real Estate
List Price
$649,900
Sold Price
$620,000
Premium/Discount to List
-$29,900
-4.6%
Views
17
Current Estimated Value
$660,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,592
Avg. Annual Appreciation
4.44%
Original Mortgage
$335,000
Outstanding Balance
$330,435
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$330,157

Purchase Details

Closed on
Sep 19, 2023
Sold by
Schardt Kathleen D and Schardt Robert M
Bought by
Schardt Revocable Trust and Schardt

Purchase Details

Listed on
Apr 11, 2019
Closed on
May 8, 2019
Sold by
Ralph Richard Van Hine Rlt
Bought by
Schardt Kathleen D and Schardt Robert M
Seller's Agent
Che Canyon
Century 21 Select Real Estate
Buyer's Agent
Dean Bagneschi
eXp Realty of California Inc.
List Price
$420,000
Sold Price
$433,000
Premium/Discount to List
$13,000
3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$324,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2017
Sold by
Hine Ralph R Van
Bought by
Vanhine Ralph R and The Ralph Richard Van Hine Rev

Purchase Details

Closed on
Jul 27, 2004
Sold by
Zimmerman David and Zimmerman Carolyn
Bought by
Vanhine Ralph R

Purchase Details

Closed on
Jun 2, 2003
Sold by
Zeliff Jeffrey A and Scott Jane M
Bought by
Zimmerman David and Zimmerman Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2000
Sold by
Jue Arthur T and Jue Keely K
Bought by
Zeliff Jeffrey A and Scott Jane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
7.86%
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
Bahram Raad Living Trust $620,000 Old Republic Title Company
Schardt Revocable Trust -- None Listed On Document
Schardt Kathleen D $433,000 Chicago Title Company
Vanhine Ralph R -- None Available
Vanhine Ralph R $400,000 North American Title Co
Zimmerman David $300,000 Placer Title Company
Zeliff Jeffrey A $197,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bahram Raad Living Trust $335,000
Previous Owner Schardt Kathleen D $324,750
Previous Owner Zimmerman David $240,000
Previous Owner Zeliff Jeffrey A $157,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2024 07/15/24 Sold $620,000 -4.6% $293 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $649,900 +50.1% $307 / Sq Ft
05/13/2019 05/13/19 Sold $433,000 +3.1% $204 / Sq Ft View Prior Sale
04/15/2019 04/15/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $420,000 -- $198 / 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 $5,716 $619,990 $149,990 $470,000
2024 $5,716 $470,264 $160,764 $309,500
2023 $5,572 $461,044 $157,612 $303,432
2022 $5,543 $452,005 $154,522 $297,483
2021 $5,452 $443,143 $151,493 $291,650
2020 $5,352 $438,600 $149,940 $288,660
2019 $5,784 $474,825 $149,942 $324,883
2018 $5,718 $465,515 $147,002 $318,513
2017 $5,663 $456,388 $144,120 $312,268
2016 $5,293 $447,441 $141,295 $306,146
2015 $4,914 $415,816 $131,309 $284,507
2014 $4,677 $396,015 $125,056 $270,959
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224060480

MetroList

APN: 236-0360-016