$445,000
SOLD JAN 5, 2018

725 Lambert Way Turlock, CA 95380

8 Beds
4 Baths
3,360 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$132 Per Sq Ft

1% Below List Price

74 Days on Market

Highlights

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

About This Home

As of February 2021

Great investment opportunity in Turlock! 4 units all leased at $750/month $36,000 gross rents. Central Heat and Air. Majority of units have been renovated. Close to FWY and schools. Take a look at video tour for campus drone view.

Last Agent to Sell the Property

Daniel Del Real

PMZ Real Estate License #01423976 Listed on: 09/18/2017

PMZ Real Estate

Co-Listed By

Indalecio Del Real

PMZ Real Estate License #01745071

Last Buyer's Agent

Verdia Howard

Weeks Real Estate License #00638590

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,156

Year Built

  • Built in 1984

Parking

  • 1 Parking Space Included

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Carbon Monoxide Detectors
  • Free-Standing Gas Range

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,156

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: Free Standing Gas Range
  • Other Equipment: None
  • Flooring: Carpet,Tile
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Lap Siding
  • Disclosures/Documents: CC&Rs,Transfer Disclosure Statement,See Remarks
  • Listing Price: 449900.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: See Remarks
  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: SFR 1
  • Lot Size Acres: 0.2000
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Gross Income: 36000
  • Income Includes: Laundry,Rent Only,See Remarks
  • Existing Lease Type: See Remarks
  • 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

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 Type Sale Price Title Company
Grant Deed $540,000 North American Title Ins Co
Grant Deed $445,000 Stewart Title Of California
Grant Deed -- First American Title Company
Grant Deed $250,000 First American Title Company
Grant Deed $155,000 Fidelity Natl Title Co Of Ca
Trustee Deed $141,602 Accommodation
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed -- Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed -- First American Title Ins Co
Grant Deed -- First American Title Ins Co
Grant Deed -- First American Title Co
Grant Deed -- First American Title Co
Grant Deed $99,000 First American Title Ins Co
Trustee Deed $80,000 First American Title Ins Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 New Conventional
Previous Owner $225,000 Commercial
Previous Owner $226,000 Commercial
Previous Owner $125,250 Construction
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

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Map

Source: MetroList

MLS Number: 17060057

MetroList

APN: 061-40-03