NOT LISTED FOR SALE

Estimated Value: $389,463 - $830,000

0.11 Acre
$4,772,952 Price per Acre
4,870 Sq Ft Lot

Last Sold August 12, 2021

Last sale price $375,000

Est. 44% increase in value since last sale

Current estimated payment $3,487/month

85 Days on Market

About This Lot

As of August 2021

Create and customize your own dream home in the heart of East Sacramento! Sutter Park is a new community built on the former site of Sutter Memorial Hospital. 685 Old Burns Way is a 4,896 sq. ft. corner lot with 2,961 sq. ft. buildable area (2434 sq. ft. lot coverage.) Zoned for residential or multi-residential, this lot can accommodate a three-story home and/or a duplex. East Sacramento is a highly desirable neighborhood known for being peaceful and quiet with great walkability. The Sutter Park community features great proximity to schools, shopping, transportation, and entertainment in Sacramento's thriving midtown area. Take advantage of this unique opportunity to build part of Sacramento's future!

Last Agent to Sell the Property

Noelle McCrea

Realty ONE Group Complete License #02040652 Listed on: 05/03/2021

Realty ONE Group Complete

Last Buyer's Agent

Penni Elmore

Windermere Signature Properties Downtown License #01136807

Windermere Signature Properties Downtown

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,524

Lot Details

  • 4,870 Sq Ft Lot
  • Corner Lot
  • Possible uses of the property include Residential
  • Property is zoned R1-A, Residential,Multi-Residential

HOA Fees

  • $124 Monthly HOA Fees

Community Details

  • Association fees include 0
  • Sutter Park Association
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 004-0360-050-0000

Property Details

Property Type

Land

Est. Annual Taxes

$4,524

Lot Details

0

HOA Fees

$124 per month

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Horse Property: No
  • Listing Price: 375000.00
  • Lot Features: Corner
  • Road Frontage: None
  • Additional Living Units: No

Utilities

  • Sewer: Public Sewer
  • Utilities: All Public, Cable TBD, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 124
  • Association Fee Frequency: Monthly
  • Association Fee Includes: 0
  • Association Name: Sutter Park
  • Association: Yes

Association/Amenities

  • Mandatory Association: Yes

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning: R1-A
  • Crops: See Remarks
  • Current Use: Residential
  • Development Status: Building Site Cleared, Design Review Required, Improvements Complete
  • Zoning Description: Residential,Multi-Residential
  • Irrigation: None
  • Lot Size Acres: 0.1118
  • Lot Size Sq Ft: 4870
  • Possible Use: Residential

Multi Family

  • Income Includes: None

Tax Info

  • Assessor Parcel Number: 004-0360-050-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
Abe Calvin Riki
Bought by
Chavez Ruben
Current Estimated Value
$540,738

Purchase Details

Listed on
Dec 26, 2020
Closed on
Feb 3, 2021
Sold by
Black Label Development Inc
Bought by
Abe Calvin Riki
Seller's Agent
Cristine Wade
Keller Williams Realty
Buyer's Agent
Noelle McCrea
Realty ONE Group Complete
List Price
$349,000
Sold Price
$354,000
Premium/Discount to List
$5,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.16%

Purchase Details

Closed on
Sep 25, 2020
Sold by
Sutter Park Development Co Llc
Bought by
Black Label Development Inc

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
2.9%
Mortgage Type
Commercial
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
Chavez Ruben $375,000 Placer Title Company
Abe Calvin Riki $354,000 Chicago Title Company
Black Label Development Inc $310,000 Stewart Title Of Sacramento
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Black Label Development Inc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $375,000 0.0% --
07/27/2021 07/27/21 Pending -- -- --
07/08/2021 07/08/21 For Sale -- -- --
05/18/2021 05/18/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $375,000 +5.9% --
02/05/2021 02/05/21 Sold $354,000 +1.4% --
01/16/2021 01/16/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $349,000 0.0% --
01/06/2021 01/06/21 Pending -- -- --
12/26/2020 12/26/20 For Sale $349,000 -- --
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 $4,524 $397,953 $397,953 --
2024 $4,524 $390,150 $390,150 --
2023 $4,418 $382,500 $382,500 $0
2022 $4,345 $375,000 $375,000 $0
2021 $3,492 $310,000 $310,000 $0
2020 $1,727 $148,920 $148,920 $0
2019 $1,670 $146,000 $146,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221045039

MetroList

APN: 004-0360-050