$599,000
$16K PRICE DROP

7440 Tierra Way Fair Oaks, CA 95628

Estimated payment $3,739/month

Total Views 2,624
4 Beds
4 Baths
2,127 Sq Ft
$282 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Fenced Yard
  • 2 Car Garage
  • No HOA
  • Central Heating and Cooling System
  • Wood Siding

About This Home

Investors. This is your chance to own an income property in Fair Oaks. This duplex features two beds, two baths, oversized one car garage, and separate back yards on each side, plus fireplaces. New roof, newer HVAC, and water heaters. One side has some updates and the other is original. Income is consistent and both tenants would like to stay.

Listing Agent

Reed Block

Reed Block Realty License #01238049 Listed on: 07/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,164

Year Built

  • Built in 1976

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Traditional Architecture
  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,127 Sq Ft Home
  • 1-Story Property

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • 220 Volts
  • Natural Gas Connected
  • Property is located within a water district
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 242-0520-019-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,164

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Flats
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1976
  • Architectural Style: Ranch, Traditional
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Electric Range
  • Flooring: Carpet, Laminate, Linoleum
  • Price Per Square Foot: 281.62
  • Square Footage: 2127.00

Exterior Features

  • Construction Materials: Concrete, Frame, Wood, Wood Siding
  • Exterior Features: Fenced Yard
  • Foundation: Slab, Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 599000.00
  • Lot Features: Curbs/Gutters, Sidewalk
  • New Construction: No
  • Pool: No
  • Property Condition: Varies by Unit
  • Roof: Composition
  • Spa: No
  • Topography: Level,Level
  • View Description: Other

Garage/Parking

  • Open Parking Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Water District, Public
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning: RD-10
  • Irrigation: Irrigation Connected
  • Lot Size Acres: 0.1500
  • Lot Size Sq Ft: 6534.00

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 2
  • Number of Leased Units: 2
  • Number of Units: 2
  • Number Of2 Bedrooms Occupied: 2

Tax Info

  • Assessor Parcel Number: 242-0520-019-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,164 $423,891 $145,015 $278,876
2024 $5,164 $415,580 $142,172 $273,408
2023 $5,014 $407,433 $139,385 $268,048
2022 $4,995 $399,445 $136,652 $262,793
2021 $4,899 $391,614 $133,973 $257,641
2020 $4,829 $387,600 $132,600 $255,000
2019 $4,707 $380,000 $130,000 $250,000
2018 $4,695 $468,300 $194,173 $274,127
2017 $5,445 $437,665 $181,471 $256,194
2016 $4,811 $405,246 $168,029 $237,217
2015 $4,799 $405,246 $168,029 $237,217
2014 $4,699 $397,300 $164,734 $232,566
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Price Changed $599,000 -2.6% $282 / Sq Ft
07/18/2025 07/18/25 For Sale $615,000 +61.8% $289 / Sq Ft
12/05/2018 12/05/18 Sold $380,000 +1.3% $179 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/13/2018 11/13/18 For Sale $375,000 -- $176 / Sq Ft
Source: MetroList

Purchase History

Date Type Sale Price Title Company
Grant Deed $380,000 Cornerstone Title Company
Grant Deed $484,000 Chicago Title Co
Interfamily Deed Transfer -- --
Grant Deed $133,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Credit Line Revolving
Previous Owner $257,000 Fannie Mae Freddie Mac
Previous Owner $115,000 Unknown
Previous Owner $93,100 No Value Available
Source: Public Records

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Source: MetroList

MLS Number: 225095315

MetroList

APN: 242-0520-019