NOT LISTED FOR SALE

Estimated Value: $346,000 - $374,000

5 Beds
2 Baths
1,882 Sq Ft
$193/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $355,000 $189 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,279/month

10 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • Neighborhood Views
  • Fishing
  • No HOA
  • Hiking Trails

About This Home

As of April 2022

Investment opportunities like this don’t come along every day! The owners have put in time, energy and money to improve this property.
The inside of both units were redone including the flooring, paint, plumbing and lighting. The front unit had some new siding windows installed last year. The front unit has a central heat and air unit, an open living room to the kitchen, 3 bedrooms, 1 bathroom, and a laundry room. The back unit has a newer mini split heating and air system with 24,000 BTU, remodeled kitchen with newer cabinets, countertops, and backsplash. The back unit contains 2 bedrooms and 1 bathroom with a small closet cut out for a stackable washer and dryer. The front unit is accessed off of Thermalito Ave and the back unit is accessed off of 7th Street both having driveway parking and some street parking as well. The exterior has a newer coat of paint and much of the wood rot has already been taken care of. The back unit has newer fencing around it providing more privacy and yard space. Pro forma rent is $1500 for the front unit and $1200 for the back unit. Add a solid property to your portfolio today!

Last Agent to Sell the Property

Dominick Townsend

People's Choice Brokers License #01993200 Listed on: 03/14/2022

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,156

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • Property fronts a county road
  • 1 Common Wall
  • Rural Setting

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,882 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Neighborhood Views
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Parking Available
  • Uncovered Parking

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 22 / 52
  • Assessor Parcel Number 031246005000
  • $186 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Community Lake
  • Foothills
  • Mountainous Community
  • Valley

Recreation

  • Golf Course Community
  • Fishing
  • Hiking Trails

Building Details

  • Insurance Expense $1,200
  • Trash Expense $432
  • Water Sewer Expense $864
  • New Taxes Expense $4,182
  • Operating Expense $8,370
  • Gross Income $30,264
  • Net Operating Income $21,894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,156

Year Built

Built in 1947 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.76
  • Price Per Unit: 175000
  • Property Attached: Yes
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 864.00
  • Zoning: AR
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 031246005000
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 188.63

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central, Ductless
  • Laundry Features: Individual Room, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 432.00
  • Water Source: Public
  • Cooling: Central Air, Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Fishing, Foothills, Golf, Hiking, Lake, Mountainous, Rural, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7405.20
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Operating Income: 30264.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 0.1700 Acres
  • Maintenance Percent: 3.00
  • Net Operating Income: 21894.00
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 8370.00
  • Rent Control: No
  • Total Expenses: 8370.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4182.00
  • Tax Block: 52
  • Tax Census Tract: 37.00
  • Tax Lot: 22
  • TaxOtherAnnualAssessmentAmount: 186.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 15, 2022
Sold by
Cuevas Juan
Bought by
Cuevas Juan and Torres Bayola Torres
Seller's Agent
Dominick Townsend
People's Choice Brokers
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Current Estimated Value
$362,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,800
Avg. Annual Appreciation
2.09%
Original Mortgage
$337,250
Outstanding Balance
$316,251
Interest Rate
3.76%
Estimated Equity
$64,650

Purchase Details

Closed on
Jan 17, 2020
Sold by
Newcomb Hannah and Scruby Hannah
Bought by
Vasquez Mario and Vasquez Claire

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
3.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 20, 2010
Sold by
Scruby David M and Scruby David M
Bought by
Scruby Hannah

Purchase Details

Closed on
Jan 13, 2010
Sold by
Paul Padgett Emma Maria and Paul John
Bought by
Scruby Hannah

Purchase Details

Closed on
Nov 9, 2009
Sold by
Sickels Billy Lewis and Bonheim Alice
Bought by
Padgett Emma Maria and Stanton Yvonne H

Purchase Details

Closed on
Sep 22, 2008
Sold by
Sickels Billy Lewis
Bought by
Sickels Billy Lewis and Bonheim Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2006
Sold by
Scruby David M and Scruby Vickie L
Bought by
Sickels Billy Lewis

Purchase Details

Closed on
Apr 7, 2004
Sold by
Scruby David M and Scruby Vickie L
Bought by
Scruby David Max

Purchase Details

Closed on
Mar 20, 2001
Sold by
Wilson Phillip L
Bought by
Scruby David M and Scruby Vickie L

Purchase Details

Closed on
Dec 31, 1997
Sold by
Manning Ana Teresa and Manning Rodney Orland
Bought by
Wilson Phillip L
Source: Public Records

Range of Values:

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Average Value
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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
Cuevas Juan -- New Title Company Name
Cuevas Juan -- New Title Company Name
Cuevas Juan $355,000 New Title Company Name
Vasquez Mario $209,000 Mid Valley Title & Escrow Co
Scruby Hannah -- Mid Valley Title & Escrow Co
Scruby Hannah $36,000 Mid Valley Title & Escrow Co
Padgett Emma Maria $33,713 First American Title Company
Sickels Billy Lewis -- Mid Valley Title & Escrow Co
Sickels Billy Lewis $229,500 None Available
Scruby David Max -- --
Scruby David M -- Mid Valley Title & Escrow Co
Wilson Phillip L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuevas Juan $337,250
Closed Cuevas Juan $337,250
Previous Owner Vasquez Mario $189,000
Previous Owner Sickels Billy Lewis $30,000
Previous Owner Wilson Phillip L $49,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $355,000 +1.4% $189 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $350,000 -- $186 / 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 $4,156 $376,727 $127,344 $249,383
2024 $4,156 $369,342 $124,848 $244,494
2023 $4,098 $362,100 $122,400 $239,700
2022 $2,423 $215,386 $87,597 $127,789
2021 $2,397 $211,164 $85,880 $125,284
2020 $1,362 $118,021 $23,601 $94,420
2019 $1,344 $115,708 $23,139 $92,569
2018 $1,295 $113,440 $22,686 $90,754
2017 $1,249 $111,217 $22,242 $88,975
2016 $1,237 $109,037 $21,806 $87,231
2015 $1,170 $107,400 $21,479 $85,921
2014 $1,182 $105,297 $21,059 $84,238
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22051202

California Regional Multiple Listing Service (CRMLS)

APN: 031-246-005-000