NOT LISTED FOR SALE

723 23rd St Paso Robles, CA 93446

Estimated Value: $1,015,000 - $1,150,000

10 Beds
4 Baths
3,696 Sq Ft
$293/Sq Ft Est. Value

Last Sold December 16, 2014

Last sale price $547,500 $148 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $6,331/month

149 Days on Market

Highlights

  • Laundry Room
  • Storage
  • Central Vacuum
  • Paso Robles High School Rated A-
  • Forced Air Heating and Cooling System
  • Paved or Partially Paved Lot

About This Home

As of December 2014

Marketing Remarks: Great Location close to shopping and schools. Easy access to freeway. Long term tenants who would like to stay. Each unit is 2 bed 1 full bath. Each unit has lock down storage off of carports. Leased Coin Operated Laundry on site. These units have large living rooms, Breakfast Bar, Large full Bath. Each unit is over 900 SQFT.You can walk to Flamson Middle School, Georgia Brown, Smart and final, eatery, and downtown and much more. Easy to rent and desirable location.

Last Agent to Sell the Property

Donald Benson

Independent Real Estate Broker License #00369868 Listed on: 05/19/2014

Last Buyer's Agent

Pedro Plascencia

Country Real Estate License #01878543

Country Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,501 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Tar and Gravel Roof

Interior Spaces

  • 10 Bedrooms
  • 3,696 Sq Ft Home
  • Central Vacuum
  • Storage

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • Parking Available
  • Covered Parking
  • On-Site Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $45,240

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 008171006

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

7,501 Sq Ft Lot

Listing Details

  • CapRate: 4.80
  • Subdivision Name Other: PR City Limits East(110)
  • Zoning: OTHR
  • Property Type: Residential Income
  • Parcel Number: 008171006
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage, Vacuum Central
  • Levels: Two
  • Price Per Square Foot: 148.13

Exterior Features

  • Foundation: Slab
  • Roof: Shingle, Tar/Gravel

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, On Site

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Community
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street, Paved
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Operating Income: 45240.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 0.1700 Acres
  • Number Of Units Total: 4
  • Operating Expense: 14296.00
  • Vacancy Allowance Rate: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2014
Closed on
Nov 5, 2014
Sold by
Eshelby Robert Ray and Finley Bret M
Bought by
Peterson David T and Peterson Gloria R
Seller's Agent
Donald Benson
Independent Real Estate Broker
Buyer's Agent
Pedro Plascencia
Country Real Estate
List Price
$599,999
Sold Price
$547,500
Premium/Discount to List
-$52,499
-8.75%
Current Estimated Value
$1,113,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,498
Avg. Annual Appreciation
6.26%
Original Mortgage
$410,200
Outstanding Balance
$134,059
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$947,064

Purchase Details

Closed on
Aug 13, 2014
Sold by
Finley Bret Moses
Bought by
Finley Bret M and Finley Debra A

Purchase Details

Closed on
Jun 3, 2014
Sold by
Finley Robert Lee
Bought by
Finley Robert Lee and Finley Pamelia Louise

Purchase Details

Closed on
Feb 1, 2013
Sold by
Finley Bret M
Bought by
Finley Bret Moses and Eschelby Robert Ray

Purchase Details

Closed on
Feb 10, 2003
Sold by
Finley Vida Lee
Bought by
Finley Vida Lee and Finley Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Peterson David T $547,500 First American Title Company
Finley Bret M -- None Available
Finley Robert Lee -- None Available
Finley Robert Lee -- None Available
Finley Bret Moses -- None Available
Finley Vida Lee -- --
Finley Vida Lee -- --
Finley Vida Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson David T $410,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2014 12/16/14 Sold $547,500 -8.7% $148 / Sq Ft
10/15/2014 10/15/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $599,999 -- $162 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,172 $658,006 $240,367 $417,639
2024 $7,055 $645,104 $235,654 $409,450
2023 $7,055 $632,456 $231,034 $401,422
2022 $6,950 $620,055 $226,504 $393,551
2021 $6,831 $607,898 $222,063 $385,835
2020 $6,739 $601,666 $219,787 $381,879
2019 $6,643 $589,870 $215,478 $374,392
2018 $6,553 $578,304 $211,253 $367,051
2017 $6,161 $566,965 $207,111 $359,854
2016 $6,041 $555,849 $203,050 $352,799
2015 $6,018 $547,500 $200,000 $347,500
2014 $4,546 $420,028 $125,056 $294,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PR1044267

California Regional Multiple Listing Service (CRMLS)

APN: 008-171-006

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