NOT LISTED FOR SALE
6 Beds
4 Baths
2,872 Sq Ft
1.35 Acre Lot

Sale Details

Date Sold: November 2, 2016

Last sale price $2,640,000 $919 Per Sq Ft

33 Days on Market

Highlights

  • 1.35 Acre Lot
  • Contemporary Architecture
  • Community Pool
  • Deck
  • No HOA

About This Home

As of November 2016

This property is located in North Stockton on a main thoroughfare, The Palms apartment offers quiet, gracious living from which you may enjoy the peaceful, lush landscaping neighborhood. And , you will be surrounded by friendly neighbors.

Nearby are Hammer-Ranch and Lincoln shopping Center, Sherwood Mall and many other excellent stores for your shopping convenience. A 5 minute drive to Delta College and UOP. Close to I- 5 freeway.

This spacious apartment's outstanding features include:

* Water, sewer and trash removal included
* Dishwasher
* AC available
* Laundry on site
* Pool


To see the apartment please call :
Michaela
Metzger Management Co.
1044 Rivara Rd. Suite 110A
Stockton Ca. 95207

Last Agent to Sell the Property

James Quessenberry

Northwind Commercial Inc License #01264498 Listed on: 07/20/2016

Last Buyer's Agent

James Quessenberry

Northwind Commercial Inc License #01264498 Listed on: 07/20/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,497

Year Built

  • Built in 1962

Lot Details

  • 1.35

Home Design

  • Contemporary Architecture
  • Flat Roof Shape

Parking

  • 4 Open Parking Spaces
  • 1 Parking Space Included
  • 31 Covered Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Additional Features

  • 2-Story Property
  • Deck
  • 1.35 Acre Lot

Listing and Financial Details

  • Tenant pays for rent only
  • Assessor Parcel Number 081-121-01

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 33 Units

Recreation

  • Community Pool

Building Details

  • 33 Leased Units
  • 33 Units Leased Month-To-Month
  • Insurance Expense $6,600
  • Operating Expense $154,322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,497

Year Built

Built in 1962

Lot Details

1.35 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1962
  • Architectural Style: Contemporary
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Oven,Built-In Electric Range,Dishwasher,Disposal,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: See Remarks
  • Listing Price: 2750000.00
  • Patio And Porch Features: Uncovered Deck
  • Roof: Flat

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 31
  • Parking Features: 1+ Space Per Unit

Utilities

  • Security: See Remarks
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Pool
  • Association: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: Apt
  • Lot Size Acres: 1.3494
  • Lot Size Sq Ft: 58780

Rental Info

  • Tenant Pays: Rent Only
  • Total # Leasable: 33

Multi Family

  • Operating Expense: 154322
  • Income Includes: Laundry,Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 6600
  • Number of Leased Units: 33
  • Number of Month to Month Units: 33
  • Number of Units: 33
  • Units Furnished: None
  • Gross Income Multiplier: 8.300

Tax Info

  • Assessor Parcel Number: 081-121-01
  • Current RE Taxes: 35497

MLS Schools

  • School District (County): San Joaquin

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
Jul 20, 2016
Closed on
Oct 28, 2016
Sold by
Bought by
Seller's Agent
James Quessenberry
Northwind Commercial Inc
Buyer's Agent
James Quessenberry
Northwind Commercial Inc
List Price
$2,750,000
Sold Price
$2,640,000
Premium/Discount to List
-$110,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 22, 2012
Closed on
Nov 27, 2012
Sold by
Bought by
Seller's Agent
James Quessenberry
Northwind Commercial Inc
Buyer's Agent
James Quessenberry
Northwind Commercial Inc
List Price
$1,900,000
Sold Price
$1,415,000
Premium/Discount to List
-$485,000
-25.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.20%
Original Mortgage
$1,000,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2012
Sold by
Bought by

Purchase Details

Closed on
May 2, 2012
Sold by
Bought by

Purchase Details

Closed on
May 14, 1997
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,640,000 Old Republic Title Company
-- Placer Title Company
-- None Available
-- None Available
-- --
-- --
-- --
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 $3,200,000
Closed $1,980,000
Previous Owner $1,000,000
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 Prior Sale
07/18/2026 07/18/26 Off Market $1,400 -- --
05/26/2026 05/26/26 For Rent $1,400 0.0% --
12/07/2025 12/07/25 Off Market $1,400 -- --
07/02/2025 07/02/25 Price Changed $1,400 -12.5% $2 / Sq Ft
07/02/2025 07/02/25 For Rent $1,600 0.0% --
11/02/2016 11/02/16 Sold $2,640,000 -4.0% $919 / Sq Ft
08/21/2016 08/21/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $2,750,000 +94.3% $958 / Sq Ft
11/30/2012 11/30/12 Sold $1,415,000 -25.5% $494 / Sq Ft View Prior Sale
11/13/2012 11/13/12 Pending -- -- --
08/21/2012 08/21/12 For Sale $1,900,000 -- $663 / Sq Ft
Source: MetroList

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
2025 $38,183 $3,063,941 $974,889 $2,089,052
2024 $37,581 $3,003,865 $955,774 $2,048,091
2023 $36,742 $2,944,967 $937,034 $2,007,933
2022 $36,116 $2,887,223 $918,661 $1,968,562
2021 $34,706 $2,830,612 $900,649 $1,929,963
2020 $35,380 $2,801,588 $891,414 $1,910,174
2019 $35,243 $2,746,656 $873,936 $1,872,720
2018 $34,592 $2,692,800 $856,800 $1,836,000
2017 $32,769 $2,640,000 $840,000 $1,800,000
2016 $18,981 $1,456,322 $416,092 $1,040,230
2014 $17,981 $1,406,356 $401,816 $1,004,540
Source: Public Records

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Map

Source: MetroList

MLS Number: 16046956

MetroList
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