NOT LISTED FOR SALE

7131 Palm Ave Fair Oaks, CA 95628

Estimated Value: $575,000 - $644,000

6 Beds
4 Baths
2,168 Sq Ft
$279/Sq Ft Est. Value

Last Sold July 30, 2018

Last sale price $415,000 $191 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,666/month

4 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of July 2018

Calling all investors!! Greatly Priced Duplex in Fair Oaks! Both units are 3 bedroom and 2 baths - 2 car garages! With excellent renters in place!! Come see this beauty and you won't want to miss this opportunity for cash flow! Submit an offer today!

Last Agent to Sell the Property

Nicholas Sharp

Waterman Real Estate License #01960207 Listed on: 06/14/2018

Last Buyer's Agent

Amir Cackovic

eXp Realty of California Inc. License #01484623

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,501

Lot Details

  • 0.29 Acre Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • 220 Volts

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 239-0193-024-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,501

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built Details: Unknown
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Range,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 379000.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units
  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD-10
  • Lot Size Acres: 0.2927
  • Lot Size Sq Ft: 12750

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Gross Income: 29400
  • Income Includes: Rent Only
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 239-0193-024-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2018
Closed on
Jul 26, 2018
Sold by
Quickezsale Llc
Bought by
Finko Anton
Seller's Agent
Nicholas Sharp
Waterman Real Estate
Buyer's Agent
Amir Cackovic
eXp Realty of California Inc.
List Price
$379,000
Sold Price
$415,000
Premium/Discount to List
$36,000
9.5%
Current Estimated Value
$605,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,065
Avg. Annual Appreciation
6.06%
Original Mortgage
$353,175
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2018
Sold by
Revo Spiers Iii Arthur Chester and Revo Arthur Chester Spiers Iii
Bought by
Quickezsale Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2000
Sold by
Spiers Arthur Chester
Bought by
Iii Spiers Iii Arthur Chester and Iii Arthur Chester Springs

Purchase Details

Closed on
Oct 9, 1998
Sold by
Spiers Katharine
Bought by
Spiers Arthur Chester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,632
Interest Rate
6.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 13, 1997
Sold by
Spiers Katharine
Bought by
Spiers Family Revocable Living 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
Finko Anton $415,500 North American Title Company
Quickezsale Llc $315,000 North American Title Company
Iii Spiers Iii Arthur Chester -- --
Spiers Arthur Chester $60,000 --
Spiers Family Revocable Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finko Anton $353,175
Previous Owner Quickezsale Llc $250,000
Previous Owner Spiers Arthur Chester $59,632
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $415,000 +9.5% $191 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $379,000 -- $175 / Sq Ft
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 $5,501 $463,493 $185,397 $278,096
2024 $5,501 $454,406 $181,762 $272,644
2023 $5,414 $445,498 $178,199 $267,299
2022 $5,306 $436,763 $174,705 $262,058
2021 $5,218 $428,200 $171,280 $256,920
2020 $5,121 $423,810 $169,524 $254,286
2019 $5,018 $415,500 $166,200 $249,300
2018 $2,836 $232,142 $12,254 $219,888
2017 $2,809 $227,591 $12,014 $215,577
2016 $2,624 $223,129 $11,779 $211,350
2015 $2,623 $219,779 $11,603 $208,176
2014 $2,569 $215,475 $11,376 $204,099
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nicholas Sharp

    Waterman Real Estate

    Section Image
  • Amir Cackovic

    Buyer's Agent in 2018

    Amir Cackovic

    eXp Realty of California Inc.

    (916) 601-5245

    8 in this area

    169 Total Sales

    Amir Cackovic
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 18040063

MetroList

APN: 239-0193-024

California Sacramento County Fair Oaks 95628

7131 Palm Ave, Fair Oaks, CA

This home is located at 7131 Palm Ave, Fair Oaks, CA 95628 since 14 June 2018 and is currently estimated at $605,065, approximately $279 per square foot. 7131 Palm Ave is a home located in Sacramento County with nearby schools including Charles Peck Elementary School, Will Rogers Middle School, and Del Campo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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