NOT LISTED FOR SALE

7856 Olympic Way Fair Oaks, CA 95628

Estimated Value: $713,560 - $833,000

6 Beds
4 Baths
2,600 Sq Ft
$294/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $651,000 $250 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,750/month

3 Days on Market

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • Tile Flooring
  • No HOA
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of May 2021

Rare find! Great location in a prime area of Fair Oaks. This pride of ownership duplex features two spacious 3 bedroom 1.5 bath units, each with nearly 1300 sqft of living space. One unit was recently remodeled with new carpet, new wood-look waterproof flooring and neutral two-tone paint. Both units have granite counter tops, gas stoves, laundry hook ups, central heat/air, and newer dual pane windows. The roof was replaced in 2017. Located on a .23 acre lot, each unit has a spacious backyard and covered patio. The street is quiet with mainly single family homes in the vicinity.

Last Agent to Sell the Property

Jonathan Minerick

HomeCoin.com License #01888948 Listed on: 04/28/2021

Last Buyer's Agent

Heather Barnes

Keller Williams Realty License #01971944

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,503

Year Built

  • Built in 1971

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 242-0302-024-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,503

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Subtype Description: House(s)
  • Property Subtype 1: Duplex
  • Stories: 2
  • Year Built: 1971
  • Stories: 2
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Vinyl

Exterior Features

  • Construction Materials: Stucco, Wood Siding
  • Foundation: Slab
  • Listing Price: 619000.00
  • Lot Features: Corner
  • Patio And Porch Features: Covered Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Off Street, Garage

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: City
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Meter on Site, Public
  • Separate Meters: Electricity

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD-30 - MULTIPLE FAMILY RESIDENTIAL
  • Irrigation: None
  • Lot Size Acres: 0.2300
  • Lot Size Sq Ft: 10019

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: Varies By Unit
  • Total # Leasable: 2

Multi Family

  • Gross Income: 42624
  • Income Includes: Rent Only
  • Number of Leased Units: 2
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Three Bedrooms Occupied: 2

Tax Info

  • Assessor Parcel Number: 242-0302-024-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
May 17, 2021
Sold by
Boroumand Neal and Boroumand Laleh
Bought by
Palmer Melvin B and Palmer Joy P
Seller's Agent
Jonathan Minerick
HomeCoin.com
Buyer's Agent
Heather Barnes
Keller Williams Realty
List Price
$619,000
Sold Price
$651,000
Premium/Discount to List
$32,000
5.17%
Current Estimated Value
$764,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,390
Avg. Annual Appreciation
3.71%

Purchase Details

Listed on
Apr 2, 2019
Closed on
Apr 29, 2019
Sold by
Stevens John Richard and Stevens Nancy Ann
Bought by
Boroumand Neal and Boroumand Laleh
Seller's Agent
Nancy Nebilak
Nebilak and Associates Real Estate
Buyer's Agent
Ed Favinger
NextHome Haven Properties
List Price
$460,000
Sold Price
$467,000
Premium/Discount to List
$7,000
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.41%
Original Mortgage
$350,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2012
Sold by
Wamu Servicing Lp
Bought by
Stevens John Richard and Stevens Nancy Ann

Purchase Details

Closed on
Apr 11, 2012
Sold by
Sammut Kenneth P
Bought by
Wamu Servicing Lp

Purchase Details

Closed on
Jan 4, 2006
Sold by
Sammut Kenneth P
Bought by
Sammut Kenneth P and Sammut Sarah E

Purchase Details

Closed on
Sep 27, 2005
Sold by
Sammut Sarah E
Bought by
Sammut Kenneth P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 22, 2005
Sold by
Gillette Carl M and Gillette Martha R
Bought by
Sammut Kenneth P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Palmer Melvin B $651,000 Stewart Title Of Sacramento
Boroumand Neal $490,000 Stewart Title Of Sacramento
Stevens John Richard $278,500 Stewart Title Of Sacramento
Wamu Servicing Lp $195,500 None Available
Sammut Kenneth P -- None Available
Sammut Kenneth P -- Alliance Title Company
Sammut Kenneth P $520,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boroumand Neal $350,250
Previous Owner Sammut Kenneth P $404,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2021 05/25/21 Sold $651,000 +5.2% $250 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $619,000 +32.5% $238 / Sq Ft
04/30/2019 04/30/19 Sold $467,000 +1.5% $180 / Sq Ft View Prior Sale
04/08/2019 04/08/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $460,000 -- $178 / 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
2025 $8,503 $704,661 $162,364 $542,297
2024 $8,503 $690,845 $159,181 $531,664
2023 $8,256 $677,300 $156,060 $521,240
2022 $8,225 $664,020 $153,000 $511,020
2021 $5,983 $481,274 $113,362 $367,912
2020 $5,898 $476,340 $112,200 $364,140
2019 $3,884 $313,583 $78,817 $234,766
2018 $3,799 $307,435 $77,272 $230,163
2017 $3,761 $301,407 $75,757 $225,650
2016 $3,515 $295,498 $74,272 $221,226
2015 $3,455 $291,060 $73,157 $217,903
2014 $3,382 $285,359 $71,724 $213,635
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Minerick

    Seller's Agent in 2021

    Jonathan Minerick

    HomeCoin.com

    (888) 400-2513

    8 in this area

    6,942 Total Sales

    Jonathan Minerick
    Section Image
  • Heather Barnes

    Buyer's Agent in 2021

    Heather Barnes

    Keller Williams Realty

    (916) 869-2798

    2 in this area

    109 Total Sales

    Heather Barnes
    Section Image
  • Nancy Nebilak

    Seller's Agent in 2019

    Nancy Nebilak

    Nebilak and Associates Real Estate

    (530) 305-8976

    25 Total Sales

    Nancy Nebilak
    Section Image
  • Ed Favinger

    Buyer's Agent in 2019

    Ed Favinger

    NextHome Haven Properties

    (916) 203-1260

    27 Total Sales

    Ed Favinger
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 221041791

MetroList

APN: 242-0302-024

California Sacramento County Fair Oaks 95628

7856 Olympic Way, Fair Oaks, CA

This home is located at 7856 Olympic Way, Fair Oaks, CA 95628 since 28 April 2021 and is currently estimated at $764,390, approximately $293 per square foot. This property was built in 1971. 7856 Olympic Way is a home located in Sacramento County with nearby schools including Kingswood K-8, San Juan High School, and Saint Mel Catholic 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.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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