NOT LISTED FOR SALE

705 Bidwell St Folsom, CA 95630

Folsom Area
4 Beds
4 Baths
2,344 Sq Ft
0.54 Acre Lot

Sale Details

Date Sold: June 19, 2015

Last sale price $1,195,000 $510 Per Sq Ft

36 Days on Market

About This Home

As of June 2015

* DO NOT DISTURB TENANTS - CONTACT LISTING AGENT***Rare Folsom Multi-Family Opportunity Near Historic Downtown and Light Rail Station, huge employers nearby including Wal Mart and Intel. Income has grown 10% or more annually over last 3 years, with stable occupancy near 97% in this supply constrained market. Thirty year ownership shows extremely well with new storage shed and ample parking.

Last Agent to Sell the Property

Gabe Gardner

Marcus & Millichap Real Estate License #01937972 Listed on: 04/13/2015

Last Buyer's Agent

Gabe Gardner

Marcus & Millichap Real Estate License #01937972 Listed on: 04/13/2015

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.54

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Parking

  • 10 Open Parking Spaces
  • 1 Parking Space Included

Additional Features

  • 23,644 Sq Ft Lot
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity rent only
  • Assessor Parcel Number 071-0190-051-0000

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 12 Leased Units
  • 12 Units Leased Month-To-Month
  • Operating Expense $39,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.54 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1959
  • Levels: MultiSplit
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Oven,Built-In Electric Range,Disposal,Free Standing Electric Oven
  • Other Equipment: Water Cond Equipment Leased,Varies by Unit
  • Flooring: Carpet,Laminate,Tile,Varies by Unit,Linoleum/Vinyl
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Brick Veneer,Frame,Stucco,Vinyl Siding,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 1188000.00
  • Patio And Porch Features: Varies by Unit
  • Roof: Flat,See Remarks

Garage/Parking

  • Open Parking Spaces: 10
  • Parking Features: Guest Parking Available,Street,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Varies By Unit
  • Utilities: Cable Connected
  • Cooling: Ceiling Fan(s),Wall Unit(s),Window Unit(s),Varies by Unit
  • Heating: Baseboard,Varies by Unit

Condo/Co-op/Association

  • Association Features: Barbeque,Extra Storage,Manager's Office,Separate Laundry Facility,Yard Space,Varies By Unit
  • Association: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning Description: R-3
  • Lot Size Acres: 0.5428
  • Lot Size Sq Ft: 23644

Rental Info

  • Tenant Pays: Electricity,Rent Only
  • Total # Leasable: 12

Multi Family

  • Operating Expense: 39100
  • Income Includes: Laundry,Rent Only
  • Number of Leased Units: 12
  • Number of Month to Month Units: 12
  • Number of Units: 12
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 071-0190-051-0000

MLS Schools

  • School District (County): Sacramento

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

Listed on
Apr 13, 2015
Closed on
Jun 8, 2015
Sold by
Bought by
Seller's Agent
Gabe Gardner
Marcus & Millichap Real Estate
Buyer's Agent
Gabe Gardner
Marcus & Millichap Real Estate
List Price
$1,188,000
Sold Price
$1,195,000
Premium/Discount to List
$7,000
0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,750
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jun 1, 2015
Sold by
Bought by
Seller's Agent
Gabe Gardner
Marcus & Millichap Real Estate
Buyer's Agent
Gabe Gardner
Marcus & Millichap Real Estate
List Price
$1,188,000
Sold Price
$1,195,000
Premium/Discount to List
$7,000
0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,750
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 13, 2015
Closed on
May 29, 2015
Sold by
Bought by
Seller's Agent
Gabe Gardner
Marcus & Millichap Real Estate
Buyer's Agent
Gabe Gardner
Marcus & Millichap Real Estate
List Price
$1,188,000
Sold Price
$1,195,000
Premium/Discount to List
$7,000
0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,750
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 13, 2009
Sold by
Bought by
Source: Public Records

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
$1,195,000 Placer Title Company
-- Placer Title Company
-- None Available
-- None Available
-- None Available
-- None Available
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 $875,000
Closed $776,750
Previous Owner $287,500
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
06/19/2015 06/19/15 Sold $1,195,000 +0.6% $510 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $1,188,000 -- $507 / Sq Ft
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
2025 $1,589 $57,320 $2,000 $55,320
2024 $1,089 $34,050 $2,000 $32,050
2023 $1,164 $34,050 $2,000 $32,050
2022 $1,214 $34,050 $2,000 $32,050
2021 $1,214 $34,050 $2,000 $32,050
2020 $1,214 $34,050 $2,000 $32,050
2019 $1,214 $33,240 $2,000 $31,240
2018 $1,239 $33,240 $2,000 $31,240
2017 $1,576 $33,240 $2,000 $31,240
2015 -- $36,760 $2,000 $34,760
2014 -- $36,760 $2,000 $34,760
2013 -- $36,760 $2,000 $34,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 15022752

MetroList
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