NOT LISTED FOR SALE

Estimated Value: $481,031 - $616,000

1 Bed
1 Bath
1,280 Sq Ft
$429/Sq Ft Est. Value

Last Sold February 11, 2016

Last sale price $245,000 $191 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $3,271/month

23 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Rectangular Lot
  • Redlands Senior High School Rated A
  • Central Heating and Cooling System
  • Front Yard

About This Home

As of February 2016

Well maintained duplex near downtown and University of Redlands. Quaint building with 2 one bedroom apartments. Cute front porch. Each unit has a living room, bedroom, bath, kitchen and indoor stackable laundry. Duplex addresses are 700 & 702 E. State St, Redlands

Last Agent to Sell the Property

Ann Bryan

CENTURY 21 LOIS LAUER REALTY License #00638244 Listed on: 11/25/2015

CENTURY 21 LOIS LAUER REALTY

Last Buyer's Agent

VIVIAN NG

Re/Max Elite Realty License #01943761

Re/Max Elite Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,405

Year Built

  • Built in 1930

Lot Details

  • 4,760 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 2 Parking Spaces

Home Design

  • 1,280 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Bedrooms Down
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 0171089070000

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $600
  • Water Sewer Expense $900
  • New Taxes Expense $3,437
  • Gross Income $1,500
  • Net Operating Income $11,863

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,405

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 0171089070000
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 191.41
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, In Closet
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: Front Yard, Level, Rectangular Lot
  • Lot Size Sq Ft: 4760.00
  • Price Per Lot Square Foot: 51.47
  • Lot Size Acres: 0.1090

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 640
  • Gross Income: 1500.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 4760.0000 Square Feet
  • Net Operating Income: 11863.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6137.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3437.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2019
Sold by
Tsang Yin Yue
Bought by
1999 Yin Yue Tsang Revocable Trust
Current Estimated Value
$549,258

Purchase Details

Listed on
Nov 25, 2015
Closed on
Dec 18, 2015
Sold by
Allard Martin W and Allard Ramie A
Bought by
Tsang Yin Yue and The 1999 Yin Yue Tsang Revocab
Seller's Agent
Ann Bryan
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
VIVIAN NG
Re/Max Elite Realty
List Price
$275,000
Sold Price
$245,000
Premium/Discount to List
-$30,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$150,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2003
Sold by
Dolid Paul Alan
Bought by
Allard Martin W and Allard Ramie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2002
Sold by
Dolid Paul Alan
Bought by
Dolid Paul Alan

Purchase Details

Closed on
Mar 15, 2001
Sold by
Jacobson Eric L
Bought by
Jacobson Eric L and Eric L Jacobson Trust
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
1999 Yin Yue Tsang Revocable Trust -- None Available
Tsang Yin Yue $245,000 Fidelity National Title
Allard Martin W $155,000 Orange Coast Title
Dolid Paul Alan -- --
Jacobson Eric L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsang Yin Yue $150,000
Previous Owner Allard Martin W $121,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2016 02/11/16 Sold $245,000 -10.9% $191 / Sq Ft
12/18/2015 12/18/15 Pending -- -- --
11/25/2015 11/25/15 For Sale $275,000 -- $215 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,405 $290,031 $87,603 $202,428
2024 $3,405 $284,344 $85,885 $198,459
2023 $3,402 $278,769 $84,201 $194,568
2022 $3,353 $273,303 $82,550 $190,753
2021 $3,414 $267,944 $80,931 $187,013
2020 $3,363 $265,196 $80,101 $185,095
2019 $3,270 $259,996 $78,530 $181,466
2018 $3,189 $254,898 $76,990 $177,908
2017 $3,163 $249,900 $75,480 $174,420
2016 $2,392 $186,164 $45,641 $140,523
2015 $2,375 $183,367 $44,955 $138,412
2014 $2,333 $179,775 $44,074 $135,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15252816

California Regional Multiple Listing Service (CRMLS)

APN: 0171-089-07