NOT LISTED FOR SALE
10 Beds
1 Bath
-- Sq Ft
0.59 Acre Lot

Sale Details

Date Sold: September 1, 2016

Last sale price $1,025,000 $0 Per Sq Ft

11 Days on Market

About This Home

As of September 2016

Rare opportunity to own a 10 unit apartment in Grass Valley. Convenient location near shopping, schools and public transportation. Ample off street parking with 2 assigned spaces per unit , plus guest parking. 100% rented with upside potential as rents are below market rate. All units are 2 bedroom with central heat and air conditioning. The building is in good condition with new paint and repairs completed. Roof is approximately 7 years old. Onsite laundry facility with owner owned coin operated machines. Additional storage area for tenants.

Last Agent to Sell the Property

Randall Casto

Core Real Estate Brokerage License #01221138 Listed on: 07/08/2016

Last Buyer's Agent

Danielle Sosnowski

Re/Max Gold License #01957043

Re/Max Gold
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 25,700 Sq Ft Lot

Parking

  • 1 Parking Space Included

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Window Treatments

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 29-270-07-000

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Units Leased Month-To-Month
  • Operating Expense $33,617
  • Net Operating Income $56,935

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.59 Acres

Listing Details

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

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Range,Free Standing Refrigerator
  • Flooring: Carpet,Linoleum/Vinyl
  • Price Per Square Foot: 105.45
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame,Wood
  • Disclosures/Documents: Rental/Lease Agmts
  • Listing Price: 1049000.00
  • Patio And Porch Features: Uncovered Deck,Uncovered Patio
  • Roof: Composition
  • View Description: Other

Garage/Parking

  • Parking Features: Guest Parking Available,Open,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Cooling: Central
  • Heating: Central,Natural Gas
  • Laundry Features: Washer/Dryer Owned,Washer/Dryer
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Barbeque,Decking,Extra Storage,Public Trans Nearby,Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Nevada Joint Union

Lot Info

  • Zoning Description: Multi-Family
  • Lot Size Acres: 0.5900
  • Lot Size Sq Ft: 25700

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 10

Multi Family

  • Operating Expense: 33617
  • Income Includes: Coin Operated Equipment,Rent Only
  • Number of Leased Units: 10
  • Number of Month to Month Units: 10
  • Number of Units: 10
  • Units Furnished: None
  • Gross Income Multiplier: 11.350

Tax Info

  • Assessor Parcel Number: 29-270-07-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Nevada

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2016
Sold by
Bought by

Purchase Details

Listed on
Jul 8, 2016
Closed on
Aug 15, 2016
Sold by
Bought by
Seller's Agent
Randall Casto
Core Real Estate Brokerage
Buyer's Agent
Danielle Sosnowski
Re/Max Gold
List Price
$1,049,000
Sold Price
$1,025,000
Premium/Discount to List
-$24,000
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$755,000
Outstanding Balance
$586,896
Interest Rate
3.45%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 22, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
8.2%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grass Valley, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$1,025,000 Placer Title Company
-- --
$500,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $755,000
Previous Owner $174,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $1,025,000 -2.3% --
07/19/2016 07/19/16 Pending -- -- --
07/08/2016 07/08/16 For Sale $1,049,000 -- --
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,294 $1,213,384 $355,136 $858,248
2025 $13,021 $1,189,593 $348,173 $841,420
2024 $12,716 $1,166,269 $341,347 $824,922
2023 $12,716 $1,143,402 $334,654 $808,748
2022 $12,602 $1,120,984 $328,093 $792,891
2021 $12,203 $1,099,005 $321,660 $777,345
2020 $12,194 $1,087,737 $318,362 $769,375
2019 $11,698 $1,066,410 $312,120 $754,290
2018 $11,653 $1,045,500 $306,000 $739,500
2017 $11,199 $1,025,000 $300,000 $725,000
2016 $7,527 $636,434 $222,751 $413,683
2015 $6,904 $626,876 $219,406 $407,470
2014 $6,804 $614,598 $215,109 $399,489
Source: Public Records

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Map

Source: MetroList

MLS Number: 16603386

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