NOT LISTED FOR SALE
1 Bed
3 Baths
1,350 Sq Ft
4,760 Sq Ft Lot

Sale Details

Date Sold: June 18, 2018

Last sale price $350,000 $259 Per Sq Ft

2 Days on Market

Highlights

  • No Units Above
  • All Bedrooms Downstairs
  • Lawn
  • Redlands Senior High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of June 2018

Welcome to 722 E. State Street! This charming 3 unit victorian is a perfect investment to add to your portfolio or a first time investor. This is a well-positioned triplex located within blocks to charming downtown Redlands, minutes to University of Redlands, and adjacent to Redlands High School. This building has very little turnover and easy to rent out. The unit mix consists of TWO (2) studios/1 bath and ONE(1) 1 bedroom/1 bath. The front studio has refinished hardwood floors, new kitchen cabinets with granite counter tops, new tile in both kitchen and bath, new interior paint throughout. The back studio has new laminate flooring throughout and recently upgraded bath. The 1 bedroom unit has updated bamboo flooring and newer interior paint throughout. There is room for parking in the rear of the property for each unit. The city of Redlands has many surrounding amenities and a high demand for renters. This property is very easy to manage and maintain.

Last Agent to Sell the Property

Jacob Abeelen

T.N.G. Real Estate Consultants License #01973535 Listed on: 04/30/2018

T.N.G. Real Estate Consultants

Co-Listed By

James Oronoz

Circa Properties, Inc. License #02056694

Last Buyer's Agent

Sandra Rice

Better Homes & Gardens R.E. Champions License #01459651

Better Homes & Gardens R.E. Champions
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 4,760 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Lawn

Home Design

  • Triplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,350 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Neighborhood Views

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 9594
  • Assessor Parcel Number 0171089120000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,898
  • Water Sewer Expense $1,317
  • New Taxes Expense $2,510
  • Operating Expense $6,325
  • Gross Income $28,745
  • Net Operating Income $22,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

4,760 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1317.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0171089120000
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Laminate, Wood
  • Levels: One
  • Price Per Square Foot: 259.26
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Rectangular Lot, Level, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 4760.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 28745.00
  • Gross Scheduled Income: 28745.00
  • Insurance Expense: 1898.00
  • Net Operating Income: 22420.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6325.00
  • Rent Control: No
  • Total Actual Rent: 2535.00
  • Total Expenses: 6325.00

Tax Info

  • New Taxes Expense: 2510.00
  • Tax Census Tract: 81.00
  • Tax Lot: 15
  • Tax Tract Number: 9594

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 30, 2018
Closed on
May 6, 2018
Sold by
Bought by
Seller's Agent
Jacob Abeelen
T.N.G. Real Estate Consultants
Buyer's Agent
Sandra Rice
Better Homes & Gardens R.E. Champions
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%

Purchase Details

Listed on
Mar 31, 2016
Closed on
Nov 2, 2016
Sold by
Bought by
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.78%
Original Mortgage
$145,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
3.5%

Purchase Details

Closed on
Dec 17, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
3.5%

Purchase Details

Closed on
Dec 8, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
3.5%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Redlands, CA

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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
$350,000 First American Title Company
$285,000 Stewart Title Of Ca Inc
-- Accommodation
-- None Available
-- Gateway Title Company
-- Gateway Title Company
-- Gateway Title Company
$80,000 Gateway Title Company
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
Previous Owner $145,000
Previous Owner $105,000
Previous Owner $115,000
Previous Owner $80,000
Previous Owner $64,000
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 Prior Sale
06/18/2018 06/18/18 Sold $350,000 0.0% $259 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $349,900 +22.8% $259 / Sq Ft
12/21/2016 12/21/16 Sold $285,000 -4.7% $211 / Sq Ft View Prior Sale
11/30/2016 11/30/16 Price Changed $299,000 0.0% $221 / Sq Ft
11/30/2016 11/30/16 For Sale $299,000 -3.5% $221 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
09/16/2016 09/16/16 Price Changed $310,000 -5.8% $230 / Sq Ft
03/31/2016 03/31/16 For Sale $329,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $5,010 $406,205 $110,255 $295,950
2025 $5,010 $398,240 $108,093 $290,147
2024 $4,681 $390,432 $105,974 $284,458
2023 $4,676 $382,776 $103,896 $278,880
2022 $4,609 $375,271 $101,859 $273,412
2021 $4,692 $367,913 $99,862 $268,051
2020 $4,623 $364,140 $98,838 $265,302
2019 $4,495 $357,000 $96,900 $260,100
2018 $3,658 $290,700 $86,700 $204,000
2017 $3,628 $105,947 $39,730 $66,217
2016 $1,393 $103,870 $38,951 $64,919
2015 $1,384 $102,310 $38,366 $63,944
2014 $1,360 $100,305 $37,614 $62,691
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18098051

California Regional Multiple Listing Service (CRMLS)

APN: 0171-089-12

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