NOT LISTED FOR SALE

Estimated Value: $549,000 - $626,000

7 Beds
6 Baths
3,200 Sq Ft
$186/Sq Ft Est. Value

Last Sold November 19, 2019

Last sale price $398,000 $124 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,669/month

3 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Central Heating and Cooling System
  • Lincoln High School Rated A-

About This Home

As of November 2019

RARE- Triplex in Lincoln Schools! Long term tenants, between 2-5 years, really want to stay. Owner has upgraded units over their recent ownership and made EZ care living/maintenance a focus. Laminate and decorator tile flooring. Management available.

Last Agent to Sell the Property

Darrell Isaacs

Genesis Real Estate Group License #00556614 Listed on: 05/22/2019

Last Buyer's Agent

Rick Jeffrey

Reliance Real Estate, Inc License #01192259

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,541

Year Built

  • Built in 1977

Lot Details

  • 7,601

Home Design

  • Triplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Free-Standing Electric Range

Additional Features

  • 7,601 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 097-510-15

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,541

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1977
  • Architectural Style: Contemporary
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range
  • Other Equipment: None
  • Flooring: Laminate,Tile

Exterior Features

  • Construction Materials: Frame,Vinyl Siding,See Remarks
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,See Remarks
  • Listing Price: 407888.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Garage,Guest Parking Available

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units
  • Association: No

Schools

  • Senior High School District: Linden Unified

Lot Info

  • Zoning Description: triplex
  • Lot Size Acres: 0.1745
  • Lot Size Sq Ft: 7601

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 3

Multi Family

  • Gross Income: 28200
  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 097-510-15
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2019
Sold by
Hughes John R and Hughes Ma Karina
Bought by
Lee Kenneth and Zhu Jing
Current Estimated Value
$585,755

Purchase Details

Closed on
Sep 14, 2011
Sold by
Kormen Douglas and Kormen Staci
Bought by
Hughes John R and Hughes Ma Karina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 1999
Sold by
Kormen Douglas and Zimmerman Marc
Bought by
Kormen Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,275
Interest Rate
7.56%

Purchase Details

Closed on
Dec 2, 1997
Sold by
Geary William G
Bought by
Kormen Douglas and Zimmerman Marc
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
Lee Kenneth $398,000 North American Title Concord
Hughes John R $130,000 Stewart Title Of California
Kormen Douglas -- Alliance Title Company
Kormen Douglas -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hughes John R $97,500
Previous Owner Kormen Douglas $358,870
Previous Owner Kormen Douglas $276,000
Previous Owner Kormen Douglas $227,500
Previous Owner Kormen Douglas $15,000
Previous Owner Kormen Douglas $29,152
Previous Owner Kormen Douglas $137,275
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2019 11/19/19 Sold $398,000 -2.4% $124 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $407,888 -- $127 / 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 $5,541 $435,267 $65,617 $369,650
2023 $5,506 $426,733 $64,331 $362,402
2022 $5,377 $418,367 $63,070 $355,297
2021 $5,312 $410,165 $61,834 $348,331
2020 $5,311 $405,960 $61,200 $344,760
2019 $2,391 $146,376 $45,038 $101,338
2018 $2,337 $143,506 $44,155 $99,351
2017 $2,301 $140,693 $43,290 $97,403
2016 $2,283 $137,934 $42,441 $95,493
2014 $2,239 $133,202 $40,985 $92,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 19035109

MetroList

APN: 097-510-15