NOT LISTED FOR SALE

701 40th St Richmond, CA 94805

North & East Neighborhood

Estimated Value: $849,501 - $1,011,000

4 Beds
4 Baths
2,430 Sq Ft
$380/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $965,000 $397 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,408/month

9 Days on Market

Highlights

  • Downtown View
  • Corner Lot
  • Attached Garage
  • Updated Kitchen
  • No HOA
  • 3-minute walk to Solano Playlot

About This Home

As of December 2021

Very well maintained, pride of ownership 4-Plex in convenient location. Access to BART, schools, freeways, public transportation, Ferry Park, hospital and downtown. Side-by-side units with updated kitchen, stoves, refrigerators, microwaves, and baths, in-unit laundry room (hookups). Individual garages with additional parking. Separately PG&E metered and sewer compliant. Fully occupied with paying on time tenants. Below market rents. Excellent opportunity!

Last Agent to Sell the Property

Jan Orsi-McCullough

Better Homes Realty License #00824246 Listed on: 11/01/2021

Better Homes Realty

Last Buyer's Agent

Doris De Leon

Mardel Realty & Loans Inc. License #01294590

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Front Yard

Home Design

  • Quadruplex
  • Stucco

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Attached Garage
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Downtown Views
  • Updated Kitchen
  • Washer and Dryer Hookup

Community Details

  • No Home Owners Association
  • 2,430 Sq Ft Building
  • Contra Costa Association
  • Grand View Terra Subdivision

Listing and Financial Details

  • Assessor Parcel Number 518020012

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Year Built: 1948
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Subdivision Name: GRAND VIEW TERRA
  • Directions: Barrett to 40th
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Partial Carpeting, Tile
  • Basement: None
  • Appliances: Gas Water Heater
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: Updated Baths, Updated Kitchen, Storage

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • View: Downtown
  • View: Yes
  • Construction Type: Stucco
  • Exterior Features: Front Yard

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Enclosed, Garage, Off Street

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Cooling: No Air Conditioning
  • Laundry Features: Gas Dryer Hookup, Laundry Room, Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: CONTRA COSTA
  • Association: No

Schools

  • Senior High School District: West Contra Costa (510) -231-1100

Lot Info

  • Lot Size Sq Ft: 5000
  • Parcel Number: 518020012
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Dec 7, 2021
Sold by
Townsend F David F and Townsend Mary Jo
Bought by
Hom John and Hom Virginia Y
Seller's Agent
Jan Orsi-McCullough
Better Homes Realty
Buyer's Agent
Doris De Leon
Mardel Realty & Loans Inc.
List Price
$995,500
Sold Price
$965,000
Premium/Discount to List
-$30,500
-3.06%
Current Estimated Value
$923,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,125
Avg. Annual Appreciation
-1.05%

Purchase Details

Closed on
Mar 12, 2021
Sold by
Townsend F David F and Townsend Mary Jo
Bought by
Townsend F David F and Townsend Mary Jo

Purchase Details

Closed on
Dec 17, 2020
Sold by
Kennedy Townsend F and Kennedy Mary Jo
Bought by
Townsend Frank David and Townsend Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2013
Sold by
Townsend F David
Bought by
Townsend F David and Townsend Mary Jo Kennedy

Purchase Details

Closed on
May 19, 2006
Sold by
Townsend F David
Bought by
Townsend F David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hom John $965,000 Old Republic Title Company
Townsend F David F -- None Available
Townsend Frank David -- Mortgage Information Svcs In
Townsend F David -- None Available
Townsend F David -- Financial Title Company
Townsend F David -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Townsend Frank David $366,000
Previous Owner Townsend F David $455,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $965,000 -- --
12/10/2021 12/10/21 Sold $965,000 -3.1% $397 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $995,500 -- $410 / Sq Ft
Source: Contra Costa Association of REALTORS®

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 $19,334 $1,024,064 $636,724 $387,340
2024 $18,474 $1,003,986 $624,240 $379,746
2023 $18,474 $984,300 $612,000 $372,300
2022 $18,082 $965,000 $600,000 $365,000
2021 $10,264 $426,470 $150,654 $275,816
2019 $9,588 $413,823 $146,187 $267,636
2018 $9,216 $405,710 $143,321 $262,389
2017 $8,947 $397,756 $140,511 $257,245
2016 $8,755 $389,957 $137,756 $252,201
2015 $8,623 $384,100 $135,687 $248,413
2014 $8,260 $360,000 $127,100 $232,900
Source: Public Records

Agents Affiliated with this Home

  • Jan Orsi-McCullough

    Seller's Agent in 2021

    Jan Orsi-McCullough

    Better Homes Realty

    (510) 541-5776

    1 in this area

    29 Total Sales

    Jan Orsi-McCullough
    Section Image

  • D

    Buyer's Agent in 2021

    Doris De Leon

    Mardel Realty & Loans Inc.

    (510) 289-5103

    1 in this area

    23 Total Sales

    Doris De Leon
    Section Image
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Map

Source: Contra Costa Association of REALTORS®

MLS Number: 40972901

Contra Costa Association of REALTORS®

APN: 518-020-012-2

California Contra Costa County Richmond 94805 North & East

701 40th St, Richmond, CA

Not Listed for Sale

MultiFamily

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