NOT LISTED FOR SALE

7440 Tierra Way Fair Oaks, CA 95628

Estimated Value: $554,263 - $642,000

4 Beds
4 Baths
2,126 Sq Ft
$291/Sq Ft Est. Value

Last Sold December 05, 2018

Last sale price $380,000 $179 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,885/month

3 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property

About This Home

As of December 2018

2 bedroom, 2 full bath duplex. Great income potential. Please do not disturb tenants. Both long term tenants would love to stay. Both on month to month contracts at this point.

Last Agent to Sell the Property

David Olcomendy

Intero Real Estate Services License #01937539 Listed on: 11/13/2018

Intero Real Estate Services

Co-Listed By

Ed Gatejen

Dwell Real Estate License #00881827

Last Buyer's Agent

Reed Block

Reed Block Realty License #01238049

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,164

Year Built

  • 1977

Lot Details

  • 6,534

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Utilities

  • Central Heating
  • 220 Volts

Additional Features

  • 1-Story Property
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity water
  • Assessor Parcel Number 242-0520-019-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,164

Year Built

1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built Details: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Oven,Free Standing Electric Range,Gas Water Heater
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 375000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 1
  • Covered Parking Spaces: 1
  • Garage Spaces: 2
  • Parking Features: Garage,Street,1+ Space Per Unit
  • Total Parking Spaces: 2

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Ceiling Fan(s),Central
  • Electric: 220 Volts
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units
  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD-10
  • Lot Size Acres: 0.1500
  • Lot Size Sq Ft: 6534

Rental Info

  • Tenant Pays: Cable TV,Electricity,Water
  • Total # Leasable: 2

Multi Family

  • Gross Income: 24000
  • Income Includes: Rent Only
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 242-0520-019-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2018
Closed on
Nov 21, 2018
Sold by
Small Kathleen R and Durant Michael
Bought by
Strassburg Donald and Donald E Strassburg Family Tru
Seller's Agent
David Olcomendy
Intero Real Estate Services
Buyer's Agent
Reed Block
Reed Block Realty
List Price
$375,000
Sold Price
$380,000
Premium/Discount to List
$5,000
1.33%
Total Days on Market
3
Current Estimated Value
$617,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,816
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Apr 26, 2005
Sold by
Boudreau Robert H and Robert H Boudreau Revocable Tr
Bought by
Durant Michael and Small Kathleen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
5.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 29, 1999
Sold by
Boudreau Robert H
Bought by
Boudreau Robert H and The Robert H Boudreau Revocabl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
7.1%

Purchase Details

Closed on
Apr 19, 1999
Sold by
Orsak Leonard E and Orsak Marjorie L
Bought by
Boudreau Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
7.1%
Source: Public Records

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Range of Values:

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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
Strassburg Donald $380,000 Cornerstone Title Company
Durant Michael $484,000 Chicago Title Co
Boudreau Robert H -- --
Boudreau Robert H $133,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Durant Michael R $100,000
Previous Owner Durant Michael $257,000
Previous Owner Boudreau Robert H $115,000
Previous Owner Boudreau Robert H $93,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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
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

Agents Affiliated with this Home

  • David Olcomendy

    Seller's Agent in 2018

    David Olcomendy

    Intero Real Estate Services

    (916) 616-5998

    19 Total Sales

    David Olcomendy
    Section Image
  • Ed Gatejen

    Seller Co-Listing Agent in 2018

    Ed Gatejen

    Dwell Real Estate

    (916) 320-9713

    61 Total Sales

    Ed Gatejen
    Section Image
  • Reed Block

    Buyer's Agent in 2018

    Reed Block

    Reed Block Realty

    (916) 266-1575

    4 in this area

    171 Total Sales

    Reed Block
    Section Image
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Map

Source: MetroList

MLS Number: 18072523

MetroList

APN: 242-0520-019

California Sacramento County Fair Oaks 95628

7440 Tierra Way, Fair Oaks, CA

This home is located at 7440 Tierra Way, Fair Oaks, CA 95628 since 13 November 2018 and is currently estimated at $617,816, approximately $290 per square foot. This property was built in 1977. 7440 Tierra Way is a home located in Sacramento County with nearby schools including Albert Schweitzer Elementary School, John Barrett Middle School, and Del Campo 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.

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