NOT LISTED FOR SALE

Estimated Value: $458,000 - $635,000

3 Beds
2 Baths
2,040 Sq Ft
$281/Sq Ft Est. Value

Sale Details

Date Sold: September 10, 2021

Last sale price $370,000 $181 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,404 / mo

67 Days on Market

About This Home

As of September 2021

Opportunity awaits to own a duplex in the growing community of San Miguel. The first unit is a 2bed/1bath with new flooring and countertops. The 2nd unit is a 1bed/1bath. Rentals have consistent income with almost no vacancy. Gross Rents total $ 27,600/year. Great opportunity for an investment property or 1031 exchange. Offered at $425,000. Call for an appointment today!

Last Agent to Sell the Property

Stacie Roberts

Ormonde Real Estate License #01452578 Listed on: 05/21/2021

Co-Listed By

JoAnn Wall

JoAnn Wall, Broker License #02030465

Last Buyer's Agent

Gerson Mendez

RE/MAX Parkside Real Estate License #01882316

RE/MAX Parkside Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Density is 2-5 Units/Acre

Home Design

  • 2,040 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 021192022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $609
  • Trash Expense $528
  • Water Sewer Expense $2,160
  • New Taxes Expense $2,683
  • Operating Expense $5,980
  • Gross Income $27,600
  • Net Operating Income $21,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 2160.00
  • Zoning: RSF
  • Property Type: Residential Income
  • Parcel Number: 021192022
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 181.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 528.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 27600.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 609.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 21620.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5980.00
  • Rent Control: No
  • Total Expenses: 5980.00

Tax Info

  • New Taxes Expense: 2683.00
  • Tax Census Tract: 100.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Aug 30, 2021
Sold by
Coalwell Brendan
Bought by
Gray David and Alvarez Saundra
Seller's Agent
Stacie Roberts
Ormonde Real Estate
Buyer's Agent
Gerson Mendez
RE/MAX Parkside Real Estate
List Price
$425,000
Sold Price
$370,000
Premium/Discount to List
-$55,000
-12.94%
Current Estimated Value
$573,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,865
Avg. Annual Appreciation
10.03%
Original Mortgage
$277,500
Outstanding Balance
$252,504
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$321,361

Purchase Details

Closed on
Jul 30, 2014
Sold by
Coalwell Kacy A
Bought by
Coalwell Brendan

Purchase Details

Closed on
Apr 7, 2014
Sold by
Elmore Jeffrey R and Coalwell Brenda
Bought by
Coalwell Brendan
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
Gray David $370,000 First American Title Company
Coalwell Brendan -- Fidelity National Title Co
Coalwell Brendan -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray David $277,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2021 09/10/21 Sold $370,000 -7.5% $181 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
06/16/2021 06/16/21 Price Changed $400,000 -5.9% $196 / Sq Ft
05/21/2021 05/21/21 For Sale $425,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,081 $392,646 $212,241 $180,405
2024 $4,007 $384,948 $208,080 $176,868
2023 $4,007 $377,400 $204,000 $173,400
2022 $4,099 $370,000 $200,000 $170,000
2021 $2,710 $244,649 $81,133 $163,516
2020 $2,683 $242,142 $80,302 $161,840
2019 $2,630 $237,395 $78,728 $158,667
2018 $2,578 $232,741 $77,185 $155,556
2017 $2,528 $228,178 $75,672 $152,506
2016 $2,159 $200,000 $60,000 $140,000
2015 $1,942 $180,000 $40,000 $140,000
2014 $1,866 $176,000 $39,000 $137,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS21108306

California Regional Multiple Listing Service (CRMLS)

APN: 021-192-022

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