NOT LISTED FOR SALE

725 Lambert Way Turlock, CA 95380

Estimated Value: $632,000 - $654,446

8 Beds
4 Baths
3,360 Sq Ft
$191/Sq Ft Est. Value

Last Sold February 25, 2021

Last sale price $540,000 $161 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,923/month

12 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Central Heating
  • John H. Pitman High School Rated A-
  • Double Pane Windows
  • 1-Story Property

About This Home

As of February 2021

One of Turlock's best investment fourplex (2 separate buildings) properties with long term tenants who would like to stay! Single story units with all 4 units leased, freshly painted outside with all new exterior lights, central air and heat, 4 covered carports in back of units plus 3 other open spaces, community laundry facilities for the units. Gross yearly rents total $40,320 and rents are low for the area.

Last Agent to Sell the Property

Verdia Howard

Weeks Real Estate License #00638590 Listed on: 11/11/2020

Last Buyer's Agent

Clarissa Azevedo

EXIT Realty Consultants License #01908579

EXIT Realty Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,148

Year Built

  • Built in 1984

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 061-040-003-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • Insurance Expense $1,560
  • Operating Expense $5,700
  • Net Operating Income $27,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,148

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1984
  • Architectural Style: Contemporary
  • Stories: 1
  • Number of Two Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Flooring: Carpet,Tile,Linoleum/Vinyl
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Lap Siding
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,Transfer Disclosure Statement
  • Foundation: Slab
  • Listing Price: 549000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport,Street

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association Features: Public Trans Nearby,Separate Laundry Facility,Yard Space
  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: PD-48
  • Lot Size Acres: 0.2000
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 4

Multi Family

  • Gross Income: 40320
  • Operating Expense: 5700
  • Income Includes: See Remarks
  • Insurance Expense: 1560
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 061-040-003-000
  • Current RE Taxes: 5148
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Feb 22, 2021
Sold by
Paik Li Na
Bought by
Klair Kris K and The Success Trust
Seller's Agent
Verdia Howard
Weeks Real Estate
Buyer's Agent
Clarissa Azevedo
EXIT Realty Consultants
List Price
$549,000
Sold Price
$540,000
Premium/Discount to List
-$9,000
-1.64%
Current Estimated Value
$643,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,223
Avg. Annual Appreciation
4.23%
Original Mortgage
$405,000
Outstanding Balance
$363,878
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$289,214

Purchase Details

Listed on
Sep 18, 2017
Closed on
Jan 4, 2018
Sold by
Hernandez Emest and Hernandez Kelley
Bought by
Palk Li Na
Seller's Agent
Daniel Del Real
PMZ Real Estate
Buyer's Agent
Verdia Howard
Weeks Real Estate
List Price
$449,900
Sold Price
$445,000
Premium/Discount to List
-$4,900
-1.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%

Purchase Details

Closed on
May 13, 2016
Sold by
Hernandez Consulting Firm Inc
Bought by
Hernandez Ernest and Hernandez Kelley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
May 7, 2015
Closed on
Jun 11, 2015
Sold by
Eisenhut John C and Eisenhut Cynthia K
Bought by
Hernandez Consulting Inc
Seller's Agent
Jane Johnsen
Century 21 Select Real Estate
Buyer's Agent
Daniel Del Real
PMZ Real Estate
List Price
$300,000
Sold Price
$250,000
Premium/Discount to List
-$50,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.81%
Original Mortgage
$156,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 2010
Sold by
Wells Fargo Bank Na
Bought by
Eisenhut John C and Eisenhut Cynthia K

Purchase Details

Closed on
Aug 21, 2010
Sold by
Smith Smith J and Smith Delhart B
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 21, 2006
Sold by
Searls Robert
Bought by
Smith Charles B

Purchase Details

Closed on
Jun 28, 2005
Sold by
Smith Smith J and Smith Delhart B
Bought by
Searls Robert

Purchase Details

Closed on
Dec 14, 2004
Sold by
Delhart B L
Bought by
Smith Smith J and Smith Delhart B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2001
Sold by
Smith J D
Bought by
Dehart B L

Purchase Details

Closed on
Aug 29, 2000
Sold by
Smith J D
Bought by
Delhart B L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
8.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2000
Sold by
Delhart B L
Bought by
Smith J D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
8.2%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Searls Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,250
Interest Rate
6.94%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 19, 1999
Sold by
Riazi and Minoo
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jan 5, 1999
Sold by
Riazi and Minou
Bought by
Americas Wholesale Lender
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
Klair Kris K $540,000 North American Title Ins Co
Palk Li Na $445,000 Stewart Title Of California
Hernandez Ernest -- First American Title Company
Hernandez Consulting Inc $250,000 First American Title Company
Eisenhut John C $155,000 Fidelity Natl Title Co Of Ca
Wells Fargo Bank Na $141,602 Accommodation
Smith Charles B -- Fidelity National Title
Searls Robert -- Fidelity National Title
Smith Smith J -- Fidelity National Title
Dehart B L -- First American Title Ins Co
Delhart B L -- First American Title Ins Co
Smith J D -- First American Title Co
Smith J D -- First American Title Co
Searls Robert $99,000 First American Title Ins Co
Countrywide Home Loans Inc $80,000 First American Title Ins Co
Americas Wholesale Lender -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klair Kris K $405,000
Previous Owner Hernandez Ernest $225,000
Previous Owner Smith Smith J $226,000
Previous Owner Searls Robert $125,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold $540,000 -1.6% $161 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $549,000 +23.4% $163 / Sq Ft
01/05/2018 01/05/18 Sold $445,000 -1.1% $132 / Sq Ft
11/28/2017 11/28/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $449,900 +80.0% $134 / Sq Ft
06/26/2015 06/26/15 Sold $250,000 -16.7% $74 / Sq Ft
06/04/2015 06/04/15 Pending -- -- --
05/07/2015 05/07/15 For Sale $300,000 -- $89 / 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 $6,156 $573,051 $84,896 $488,155
2023 $6,147 $561,816 $83,232 $478,584
2022 $6,070 $550,800 $81,600 $469,200
2021 $5,181 $467,772 $56,237 $411,535
2020 $5,146 $462,977 $55,661 $407,316
2019 $5,060 $453,900 $54,570 $399,330
2018 $3,667 $322,523 $37,454 $285,069
2017 $3,581 $316,200 $36,720 $279,480
2016 $2,740 $253,812 $50,762 $203,050
2015 $1,797 $165,228 $47,969 $117,259
2014 -- $161,993 $47,030 $114,963
Source: Public Records

Agents Affiliated with this Home

  • Verdia Howard

    Seller's Agent in 2021

    Verdia Howard

    Weeks Real Estate

    (209) 524-7901

    23 Total Sales

    Verdia Howard
    Section Image
  • Clarissa Azevedo

    Buyer's Agent in 2021

    Clarissa Azevedo

    EXIT Realty Consultants

    (209) 535-2754

    192 Total Sales

    Clarissa Azevedo
    Section Image
  • Daniel Del Real

    Seller's Agent in 2018

    Daniel Del Real

    PMZ Real Estate

    (209) 750-7019

    914 Total Sales

    Daniel Del Real
    Section Image
  • Indalecio Del Real

    Seller Co-Listing Agent in 2018

    Indalecio Del Real

    PMZ Real Estate

    (209) 527-2010

    149 Total Sales

    Indalecio Del Real
    Section Image

  • J

    Seller's Agent in 2015

    Jane Johnsen

    Century 21 Select Real Estate

    (209) 404-4594

    8 Total Sales

    Jane Johnsen
    Section Image
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Map

Source: MetroList

MLS Number: 20067549

MetroList

APN: 061-40-03

California Stanislaus County Turlock 95380

725 Lambert Way, Turlock, CA

This home is located at 725 Lambert Way, Turlock, CA 95380 since 11 November 2020 and is currently estimated at $643,223, approximately $191 per square foot. This property was built in 1984. 725 Lambert Way is a home located in Stanislaus County with nearby schools including Crowell Elementary School, Marvin A. Dutcher Middle School, and Turlock Junior 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.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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