NOT LISTED FOR SALE

Estimated Value: $894,653 - $1,128,000

2 Beds
1 Bath
3,058 Sq Ft
$315/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $490,000 $160 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $5,819/month

18 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Central Heating
  • Citrus Valley High School Rated A

About This Home

As of April 2016

Single Story Four Unit Apartment Building with no HOA involved like the surrounding buildings. All four units have separate gas and electric meters. Each unit features 2 bedrooms, 1 bath, updated kitchens, private back yard with outdoor laundry hookups. Carport and exterior storage closet. New roof in 2014, new paving in 2014, and building as painted in 2015. Convenient location near downtown and the University of Redlands. Call or email broker for a marketing package.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 03/01/2016

Last Buyer's Agent

Don Kemper

Circa Properties, Inc. License #01982712

Circa Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,805

Year Built

  • Built in 1962

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,058 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 65
  • Tax Tract Number 2445
  • Assessor Parcel Number 0167271200000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,000
  • Other Expense $1,200
  • Professional Management Expense $2,150
  • Water Sewer Expense $2,386
  • New Taxes Expense $6,243
  • Gross Income $3,400
  • Net Operating Income $25,061

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,805

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Professional Management Expense: 2150.00
  • Property Attached: No
  • Water Sewer Expenses: 2386.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 0167271200000
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 160.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 11000.00
  • Price Per Lot Square Foot: 44.55
  • Lot Size Acres: 0.2530

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3400.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 11000.0000 Square Feet
  • Net Operating Income: 25061.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13699.00
  • Other Expense: 1200.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Vacancy Allowance: 2040
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6243.00
  • Tax Lot: 65
  • Tax Tract Number: 2445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2020
Sold by
Wightman Derick Jonathon and Wightman Huyen Duong
Bought by
Wightman Derick Jonathon and Wightman Huyen Duong
Current Estimated Value
$963,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$415,905
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$564,377

Purchase Details

Listed on
Mar 1, 2016
Closed on
Apr 25, 2016
Sold by
Samarin Michael and Samarin Elaine
Bought by
Wightman Derick and Wightman Huyen
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Don Kemper
Circa Properties, Inc.
List Price
$499,500
Sold Price
$490,000
Premium/Discount to List
-$9,500
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$392,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2012
Closed on
Jul 23, 2012
Sold by
Kreissig Dieter A and Kreissig Petrina
Bought by
Samarin Michael and Samarin Elaine
Seller's Agent
Dan Bushman
Coastline Real Estate Grp, Inc
Buyer's Agent
Nathan Diones
REGIONCY REAL ESTATE
List Price
$275,000
Sold Price
$280,500
Premium/Discount to List
$5,500
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.04%

Purchase Details

Closed on
Dec 17, 2001
Sold by
Brown Madonna
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 25, 2000
Sold by
Blue Diamond Unlimited Inc
Bought by
Brown Madonna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.67%

Purchase Details

Closed on
Dec 6, 1999
Sold by
Centex Home Equity Corp
Bought by
Mitchell George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,664
Interest Rate
7.96%

Purchase Details

Closed on
Aug 4, 1999
Sold by
Waite Maureen
Bought by
Centex Home Equity Corp

Purchase Details

Closed on
Jul 9, 1998
Sold by
Federal National Mortgage Association
Bought by
Carroll Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
11.6%

Purchase Details

Closed on
Jul 6, 1998
Sold by
Carroll Donald
Bought by
Waite Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
11.6%

Purchase Details

Closed on
May 26, 1998
Sold by
Salinas Ricardo A
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
11.6%
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
Wightman Derick Jonathon -- Wfg National Title Co Of Ca
Wightman Derick $490,000 Stewart Title Of Ca Inc
Samarin Michael $280,500 Stewart Title
Federal National Mortgage Association $193,238 First American Title Ins Co
Brown Madonna $285,000 Fidelity National Title
Blue Diamond Unlimited Inc -- Fidelity National Title
Mitchell George $145,000 Fidelity National Title Co
Centex Home Equity Corp $175,000 Benefit Land Title Ins Co
Carroll Donald $118,000 Chicago Title Co
Waite Maureen $272,000 First Southwestern Title Co
Federal National Mortgage Association $106,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wightman Derick Jonathon $560,000
Closed Wightman Derick $392,000
Previous Owner Brown Madonna $228,000
Previous Owner Mitchell George $135,664
Previous Owner Waite Maureen $217,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2016 04/29/16 Sold $490,000 -1.9% $160 / Sq Ft
03/19/2016 03/19/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $499,500 +78.1% $163 / Sq Ft
08/01/2012 08/01/12 Sold $280,500 +2.0% $92 / Sq Ft
07/13/2012 07/13/12 Pending -- -- --
06/28/2012 06/28/12 For Sale $275,000 -- $90 / 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 $6,805 $580,059 $118,379 $461,680
2024 $6,805 $568,685 $116,058 $452,627
2023 $6,797 $557,534 $113,782 $443,752
2022 $6,700 $546,602 $111,551 $435,051
2021 $6,821 $535,885 $109,364 $426,521
2020 $6,721 $530,391 $108,243 $422,148
2019 $6,534 $519,992 $106,121 $413,871
2018 $6,373 $509,796 $104,040 $405,756
2017 $6,320 $499,800 $102,000 $397,800
2016 $3,772 $291,786 $83,219 $208,567
2015 $3,745 $287,403 $81,969 $205,434
2014 $3,678 $281,773 $80,363 $201,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV16042878

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-20