NOT LISTED FOR SALE

726 Chestnut Ave Redlands, CA 92373

South Redlands Neighborhood

Estimated Value: $769,000 - $869,000

14 Beds
9 Baths
6,100 Sq Ft
$132/Sq Ft Est. Value

Last Sold February 01, 2017

Last sale price $638,888 $105 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,832/month

19 Days on Market

About This Home

As of February 2017

GREAT MONEY MAKER!!
Well Maintained, Recently replace floors, paint inside and outside the building, new stairs, all units rented, low vacancy, garages and car ports, few units in this area, close to high school and elementary schools. Easy access to freeway, close to main street, Beaumont av. Excellent condition. Is a must see!!!
for savvy investors or real estate group. Sellers has completed various upgrades this year.

Last Agent to Sell the Property

LUZ BERNAL

RICH COSNER & ASSOCIATES License #01270399 Listed on: 10/14/2016

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,238

Year Built

  • Built in 1945

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 6,100 Sq Ft Home

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 9 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 14629
  • Assessor Parcel Number 418043007

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Professional Management Expense $960
  • Trash Expense $804
  • Water Sewer Expense $1,500
  • New Taxes Expense $4,434
  • Operating Expense $9,198
  • Gross Income $56,202
  • Net Operating Income $56,202

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,238

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • CapRate: 8.00
  • Professional Management Expense: 960.00
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 418043007
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 104.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 804.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10019.00

Multi Family

  • Gross Income: 56202.00
  • Gross Scheduled Income: 65400.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 56202.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 9198.00
  • Rent Control: No
  • Total Expenses: 9198.00

Tax Info

  • New Taxes Expense: 4434.00
  • Tax Census Tract: 83.02
  • Tax Lot: 12
  • Tax Tract Number: 14629

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2011
Sold by
Greene Frank and Greene Sheri
Bought by
Greene Frank Lee and Greene Sheri C
Current Estimated Value
$806,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2011
Sold by
Greenway Mary Beth
Bought by
Greene Frank and Greene Sheri
Source: Public Records

Range of Values:

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Average Value
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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
Greene Frank Lee -- Chicago Title Company
Greene Frank $345,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greene Sheri C $347,000
Closed Greene Frank Lee $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2017 02/01/17 Sold $638,888 -3.2% $105 / Sq Ft
11/30/2016 11/30/16 Price Changed $660,000 +3.1% $108 / Sq Ft
11/02/2016 11/02/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $639,888 -- $105 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $5,238 $457,970 $125,607 $332,363
2024 $5,238 $448,990 $123,144 $325,846
2023 $5,230 $440,186 $120,729 $319,457
2022 $5,153 $431,555 $118,362 $313,193
2021 $5,245 $423,093 $116,041 $307,052
2020 $5,166 $418,755 $114,851 $303,904
2019 $5,020 $410,544 $112,599 $297,945
2018 $4,893 $402,494 $110,391 $292,103
2017 $4,850 $394,601 $108,226 $286,375
2016 $4,794 $386,864 $106,104 $280,760
2015 $4,757 $381,053 $104,510 $276,543
2014 $4,669 $373,589 $102,463 $271,126
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    LUZ BERNAL

    RICH COSNER & ASSOCIATES

  • Prashant Sampat

    Buyer's Agent in 2017

    Prashant Sampat

    Pacific Avenue Realty

    (562) 841-0227

    6 in this area

    222 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16732776

California Regional Multiple Listing Service (CRMLS)

APN: 0175-071-08

California San Bernardino County Redlands 92373 South Redlands

726 Chestnut Ave, Redlands, CA

This home is located at 726 Chestnut Ave, Redlands, CA 92373 since 14 October 2016 and is currently estimated at $806,602, approximately $132 per square foot. This property was built in 1945. 726 Chestnut Ave is a home located in San Bernardino County with nearby schools including Kingsbury Elementary School, Cope Middle School, and Redlands Senior 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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