NOT LISTED FOR SALE

Estimated Value: $1,104,000 - $1,428,513

5 Beds
4 Baths
2,116 Sq Ft
$569/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2023

Last sale price $1,090,000 $515 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,886 / mo

24 Days on Market

Highlights

  • Golf Course Community
  • All Bedrooms Downstairs
  • Wooded Lot
  • Fremont Elementary School Rated A
  • Property is near park
  • Wood Flooring

About This Home

As of February 2023

Classic Spanish Tri-Plex on the edge of Belmont Heights. This quiet street ends into a greenbelt park. Owners are local and property shows pride of ownership. 2 units at the front each offering 1 bedroom and 1 bathroom with street parking. The large rear unit offers 3 bedrooms, 2 bathrooms with French doors to a deck & secluded back yard. Detached 2 car garage and 2 parking spaces plus 2 large storage units & laundry shared by all 3 units. Great location! Live in the spacious 3 bedroom unit and offset your mortgage payment with rental income OR, it’s a fantastic investment property opportunity! Actual addresses are 733, 735 and 737 Belmont Ave. Please do not contact tenants. Submit all offers subject to interior inspection. Sellers are motivated.

Last Agent to Sell the Property

Douglas Freeman

Arbor Real Estate Group License #01077434 Listed on: 12/27/2022

Last Buyer's Agent

Diana Veloz

DIANA VELOZ, BROKER License #01257943

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,469 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Chain Link Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Wooded Lot
  • Private Yard
  • Lawn
  • Garden
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway Level

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • 2,116 Sq Ft Home
  • Triplex
  • Bungalow
  • Asphalt Roof

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Source of electricity is unknown
  • Phone Available
  • Cable TV Available

Additional Features

  • Gas Range
  • Accessible Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 19
  • Tax Tract Number 3457
  • Assessor Parcel Number 7254021021

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,320
  • Maintenance Expense $480
  • Trash Expense $360
  • Water Sewer Expense $612
  • Operating Expense $3,372
  • Gross Income $300
  • Net Operating Income $52,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

5,469 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 612.00
  • Zoning: LBR3S
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7254021021
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 515.12
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood, Park/Greenbelt
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Paved, Driveway Level, Garage, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Electric: Electricity - Unknown, Standard
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Golf, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Garden, Landscaped, Lawn, Level with Street, Rectangular Lot, Park Nearby, Treed Lot, Walkstreet, Yard
  • Lot Size Sq Ft: 5469.00
  • Lot Size Acres: 0.1256

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 300.00
  • Gross Scheduled Income: 54720.00
  • Insurance Expense: 1320.00
  • Lot Size Area: 5469.0000 Square Feet
  • Maintenance Expense: 480.00
  • Net Operating Income: 52320.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Actual Rent: 4560.00
  • Total Expenses: 3372.00

Tax Info

  • Tax Census Tract: 5770.00
  • Tax Lot: 19
  • Tax Tract Number: 3457

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2022
Closed on
Jan 26, 2023
Sold by
Smet Smith Family Trust and Smet Regine
Bought by
Seller's Agent
Douglas Freeman
Arbor Real Estate Group
Buyer's Agent
Diana Veloz
DIANA VELOZ, BROKER
List Price
$1,283,000
Sold Price
$1,090,000
Premium/Discount to List
-$193,000
-15.04%
Views
19
Current Estimated Value
$1,203,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,628
Avg. Annual Appreciation
2.82%
Original Mortgage
$817,500
Outstanding Balance
$783,192
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$420,436

Purchase Details

Closed on
Dec 4, 2012
Sold by
Smet Regine and Smith Paul Robert
Bought by
Smet Regine and Smith Paul Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2011
Sold by
Smet Regine and Smith Paul Robert
Bought by
Smet Regine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2009
Sold by
Smet Regine and Smith Paul Robert
Bought by
Smet Regine

Purchase Details

Closed on
May 8, 2006
Sold by
Bell Catherine Rose
Bought by
Smith Paul Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 23, 2003
Sold by
Sibille Ashley E
Bought by
Bell Catherine Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.83%

Purchase Details

Closed on
Jul 2, 2001
Sold by
Greening Gary and Greening Mechelle K
Bought by
Bell Catherine Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,680
Interest Rate
7.21%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Recreation Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,090,000 Lawyers Title
Smet Regine -- First American Title Company
Smet Regine -- First American Title Company
Smet Regine -- First American Title Company
Smet Regine -- Accommodation
Smet Regine -- None Available
Smith Paul Robert $760,000 Wrt
Bell Catherine Rose $190,000 Provident Title Company
Bell Catherine Rose $325,000 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $817,500
Closed Angel Padilla Jr Revocable Trust $817,500
Previous Owner Smet Regine $585,000
Previous Owner Smet Regine $594,000
Previous Owner Smith Paul Robert $608,000
Previous Owner Bell Catherine Rose $590,400
Previous Owner Bell Catherine Rose $455,000
Previous Owner Bell Catherine Rose $60,000
Previous Owner Bell Catherine Rose $380,000
Previous Owner Bell Catherine Rose $316,680
Previous Owner Bell Catherine Rose $316,680
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/14/2023 02/14/23 Sold $1,090,000 -15.0% $515 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
12/27/2022 12/27/22 For Sale $1,283,000 -- $606 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,937 $1,156,716 $753,457 $403,259
2025 $14,937 $1,134,036 $738,684 $395,352
2024 $14,309 $1,111,800 $724,200 $387,600
2023 $12,930 $998,260 $656,753 $341,507
2022 $12,134 $978,687 $643,876 $334,811
2021 $11,898 $959,498 $631,251 $328,247
2019 $11,728 $931,041 $612,529 $318,512
2018 $11,389 $912,786 $600,519 $312,267
2016 $10,475 $877,344 $577,201 $300,143
2015 $10,049 $864,166 $568,531 $295,635
2014 $9,974 $847,239 $557,395 $289,844
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22259780

California Regional Multiple Listing Service (CRMLS)

APN: 7254-021-021

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