NOT LISTED FOR SALE

Estimated Value: $437,000 - $662,000

9 Beds
6 Baths
3,696 Sq Ft
$149/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $279,000 $75 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,226/month

76 Days on Market

Highlights

  • No HOA
  • Lincoln High School Rated A-
  • Central Heating

About This Home

As of May 2016

Fantastic investment opportunity! Fully occupied triplex. all units are spacious 3 bed / 2 bath and 1,232 sq. ft with nice laminate and tile flooring and all have garages and newer AC units. Total of 3,696 sq. ft. - try and find another property this size under $300k!Good location on a cul-de-sac, walking distance to elementary school and Swenson Park; close to Starbucks and shopping mall.

Last Agent to Sell the Property

Gabriel Witkin Sr

Real Estate Source Inc License #01429432 Listed on: 10/28/2015

Real Estate Source Inc

Last Buyer's Agent

Beth Campigli

Innovative Realty License #01446238

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,334

Year Built

  • Built in 1978

Lot Details

  • 7,662

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Tile Roof

Interior Spaces

  • 2-Story Property
  • Electric Cooktop

Additional Features

  • 7,662 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for sewer trash collection water
  • Assessor Parcel Number 097-510-08

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,334

Year Built

Built in 1978

Lot Details

0

Parking

3

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1978
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Cook Top
  • Other Equipment: None
  • Flooring: Carpet,Laminate,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 270900.00
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Garage,1 Space Per Unit

Utilities

  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Lincoln Unified

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.1759
  • Lot Size Sq Ft: 7662

Rental Info

  • Tenant Pays: Sewer,Trash Collection,Water
  • Total # Leasable: 3

Multi Family

  • Gross Income: 37440
  • Income Includes: Rent Only
  • Number of Leased Units: 2
  • Number of Units: 3
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 097-510-08

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Karadi Kiran V and Subbaraya Padmarani
Bought by
Karadi Kiran V and Subbaraya Padmarani
Current Estimated Value
$525,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Outstanding Balance
$373,436
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$175,459

Purchase Details

Listed on
Oct 28, 2015
Closed on
Apr 21, 2016
Sold by
Wati Susila
Bought by
Karadi Kiran V and Subbaraya Padmarani
Seller's Agent
Gabriel Witkin Sr
Real Estate Source Inc
Buyer's Agent
Beth Campigli
Innovative Realty
List Price
$299,900
Sold Price
$279,000
Premium/Discount to List
-$20,900
-6.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$209,250
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2002
Sold by
Watts Roger D and Watts Greer
Bought by
Wati Susila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.37%

Purchase Details

Closed on
Feb 11, 2002
Sold by
Nazzaro David A and Nazzaro Jane
Bought by
Watts Roger D and Watts Greer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.46%

Purchase Details

Closed on
Nov 20, 1996
Sold by
Huey Mary A
Bought by
Nazzaro David A and Nazzaro Jane
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
Karadi Kiran V -- Wfg National Title Company
Karadi Kiran V $279,000 Fidelity National Title Co
Wati Susila $200,000 Chicago Title Co
Watts Roger D $15,000 Fidelity National Title Co
Nazzaro David A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karadi Kiran V $402,500
Closed Karadi Kiran V $300,000
Closed Karadi Kiran V $207,000
Closed Karadi Kiran V $209,250
Previous Owner Wati Susila $140,000
Previous Owner Watts Roger D $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2016 05/03/16 Sold $279,000 -7.0% $75 / Sq Ft
01/12/2016 01/12/16 Pending -- -- --
10/28/2015 10/28/15 For Sale $299,900 -- $81 / 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
2024 $4,334 $323,795 $81,237 $242,558
2023 $4,307 $317,447 $79,645 $237,802
2022 $4,189 $311,224 $78,084 $233,140
2021 $4,141 $305,122 $76,553 $228,569
2020 $4,139 $301,995 $75,769 $226,226
2019 $4,083 $296,075 $74,284 $221,791
2018 $4,002 $290,271 $72,828 $217,443
2017 $3,931 $284,580 $71,400 $213,180
2016 $3,164 $215,000 $70,000 $145,000
2015 $3,016 $185,000 $55,500 $129,500
2014 $2,836 $185,000 $46,000 $139,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 15069892

MetroList

APN: 097-510-08