NOT LISTED FOR SALE

Estimated Value: $524,000 - $680,000

6 Beds
4 Baths
1,900 Sq Ft
$315/Sq Ft Est. Value

Last Sold July 21, 2015

Last sale price $356,000 $187 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,777/month

25 Days on Market

Highlights

  • Deck
  • Central Heating and Cooling System
  • 1-Story Property
  • No HOA

About This Home

As of July 2015

INCREDIBLE INVESTMENT OPPORTUNITY located in desirable area of Citrus Heights! Duplex containing near-identical 3 bedroom 2 bathroom units with separate single car garages and individually fenced back yards. Huge front yard on very private street. Both units recently vacated for cleaning, maintenance, painting and preparation for sale. These units rent at $1,300 each with ease. Est. Pro forma CAP Rate of 6.7% with $7,500 annual pre-tax income immediately achievable. Great for live-in owners too!

Last Agent to Sell the Property

Trevor Martin

Land Catchers Investments License #01450714 Listed on: 02/27/2015

Last Buyer's Agent

Trevor Martin

Land Catchers Investments License #01450714 Listed on: 02/27/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,242

Year Built

  • Built in 1963

Lot Details

  • 10,001

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Additional Features

  • 1-Story Property
  • Deck
  • 10,001 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity sewer trash collection water
  • Assessor Parcel Number 211-0490-042-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units
  • Insurance Expense $850
  • Operating Expense $5,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,242

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1963
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Gas Oven,Dishwasher,Free Standing Gas Range,Free Standing Refrigerator,Microwave
  • Other Equipment: None
  • Flooring: Laminate,Tile

Exterior Features

  • Construction Materials: Lap Siding,Wood
  • Disclosures/Documents: None
  • Listing Price: 369000.00
  • Patio And Porch Features: Uncovered Deck
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Garage,Street,1+ Space Per Unit

Utilities

  • Cooling: Central
  • Heating: Central
  • Laundry Features: Washer/Dryer

Condo/Co-op/Association

  • Association Features: Decking,RV/Boat Storage,Yard Space
  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD5
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10001

Rental Info

  • Tenant Pays: Cable TV,Electricity,Sewer,Trash Collection,Water
  • Total # Leasable: 2

Multi Family

  • Gross Income: 31464
  • Operating Expense: 5380
  • Income Includes: Other
  • Existing Lease Type: See Remarks
  • Insurance Expense: 850
  • Number of Units: 2
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 211-0490-042-0000
  • Current RE Taxes: 2242

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2015
Closed on
Jul 14, 2015
Sold by
Andrews Kevin B and Andrews Maryna
Bought by
Martin George William and Martin Patricia
Seller's Agent
Trevor Martin
Land Catchers Investments
Buyer's Agent
Trevor Martin
Land Catchers Investments
List Price
$369,000
Sold Price
$356,000
Premium/Discount to List
-$13,000
-3.52%
Total Days on Market
25
Current Estimated Value
$599,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,017
Avg. Annual Appreciation
5.42%
Original Mortgage
$267,000
Outstanding Balance
$210,435
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$388,582

Purchase Details

Closed on
Mar 21, 2014
Sold by
Andrews Kevin
Bought by
Andrews Kevin B and Andrews Maryna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2007
Sold by
Andrews Kevin and Andrews Maryna
Bought by
Andrews Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,600
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2003
Sold by
Mr Investment Corp
Bought by
Andrews Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,900
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2003
Sold by
Samchuk Rusian and 7220 Sylvan Grove Way Land Tru
Bought by
Mr Investment Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,900
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2002
Sold by
Burdick Kenneth C and Burdick Barbara
Bought by
Samchuk Rusian and 7220 Sylvan Grove Way Land Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.51%

Purchase Details

Closed on
May 7, 2002
Sold by
Fratis Norman F and Fratis Rita R
Bought by
Burdick Kenneth C and Burdick Barbara

Purchase Details

Closed on
Jul 17, 2000
Sold by
Burdick Ken and Burdick Barbara
Bought by
Burdick Kenneth C and Burdick Barbara
Source: Public Records

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Range of Values:

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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
Martin George William $356,000 Placer Title Company
Andrews Kevin B -- First American Title Company
Andrews Kevin -- First American Title Co
Andrews Kevin $360,000 Financial Title Company
Mr Investment Corp -- --
Samchuk Rusian $130,000 Stewart Title
Burdick Kenneth C -- Stewart Title
Burdick Kenneth C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin George William $267,000
Previous Owner Andrews Kevin B $305,000
Previous Owner Andrews Kevin $332,600
Previous Owner Andrews Kevin B $326,250
Previous Owner Andrews Kevin B $50,000
Previous Owner Andrews Kevin $323,900
Previous Owner Samchuk Rusian $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2015 07/21/15 Sold $356,000 -3.5% $187 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $369,000 -- $194 / 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
2024 $4,968 $413,163 $123,018 $290,145
2023 $4,842 $405,062 $120,606 $284,456
2022 $4,817 $397,121 $118,242 $278,879
2021 $4,737 $389,335 $115,924 $273,411
2020 $4,648 $385,344 $114,736 $270,608
2019 $4,555 $377,789 $112,487 $265,302
2018 $4,503 $370,382 $110,282 $260,100
2017 $4,458 $363,120 $108,120 $255,000
2016 $4,164 $356,000 $106,000 $250,000
2015 $2,873 $245,817 $61,454 $184,363
2014 $2,733 $234,112 $58,528 $175,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 15012115

MetroList

APN: 211-0490-042