NOT LISTED FOR SALE

Estimated Value: $651,358 - $925,000

2 Beds
2 Baths
1,962 Sq Ft
$414/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $395,000 $201 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,843/month

15 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • 4 Car Direct Access Garage
  • Redlands East Valley High School Rated A-
  • No HOA
  • Living Room

About This Home

As of November 2015

EXTRAORDINARY 2 Unit property situated perfectly in Redlands! This property is unique as each unit lives like a single family residence; the units are only connected at the garages. Each property includes 2 large bedrooms, 2 full baths, a direct access 2 car garage with laundry hook ups, and a PRIVATE yard! This is easily a prime investment property because of the proximity to the University of Redlands and Downtown Redlands. And, this is a GREAT OPPORTUNITY to live in one unit and rent the other!!! The large lot of this property offers each unit to have great front and back yards. As you enter into each unit, you experience the open and naturally bright living room. Open to the living room is the dining room and spacious kitchen. Maximizing your privacy, down the hall are two very LARGE BEDROOMS!!! The backyards offer a great patio area that leads to surprisingly large backyards for ample outdoor spaces to enjoy. With dual pane vinyl windows and sliding doors, newer A/C and heating units, upgraded flooring, and a tile roof, this is a property that is TURN KEY and MOVE IN READY! This property is one of a kind and will be very highly sought after! Hurry and make this incredible property yours today!

Last Agent to Sell the Property

Jerry Stapp

EXP REALTY OF CALIFORNIA INC License #01060705 Listed on: 09/19/2015

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

Rita Shaw

Shaw Real Estate Brokers License #00666305

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,451

Year Built

  • Built in 1980

Lot Details

  • 9,840 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Back Yard

Parking

  • 4 Car Direct Access Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 1,962 Sq Ft Home
  • Living Room

Kitchen

  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 84
  • Assessor Parcel Number 0170071010000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,680
  • Insurance Expense $1,197
  • Trash Expense $720
  • Water Sewer Expense $1,200
  • Gross Income $2,780
  • Net Operating Income $27,843

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,451

Year Built

Built in 1980

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 0170071010000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 201.33
  • Room Type: All Bedrooms Down, Living Room, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Range Hood
  • Heating Type: Central
  • Laundry Features: In Garage
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Back Yard, Yard
  • Lot Size Sq Ft: 9840.00
  • Price Per Lot Square Foot: 40.14
  • Lot Size Acres: 0.2260

Multi Family

  • Average2 Bed Area: 981
  • Electric Expense: 1680.00
  • Gross Income: 2780.00
  • Gross Scheduled Income: 33360.00
  • Insurance Expense: 1197.00
  • Lot Size Area: 9840.0000 Square Feet
  • Net Operating Income: 27843.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5517.00
  • Rent Control: No

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 84.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2015
Closed on
Nov 4, 2015
Sold by
Huizar Victor and Limo Joseph
Bought by
Reyes Andrew
Seller's Agent
Jerry Stapp
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Rita Shaw
Shaw Real Estate Brokers
List Price
$399,900
Sold Price
$395,000
Premium/Discount to List
-$4,900
-1.23%
Current Estimated Value
$811,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,840
Avg. Annual Appreciation
7.64%
Original Mortgage
$387,845
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 19, 2015
Closed on
Oct 8, 2015
Sold by
Huizar Victor
Bought by
Huizar Victor and Limo Joseph
Seller's Agent
Jerry Stapp
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Rita Shaw
Shaw Real Estate Brokers
List Price
$399,900
Sold Price
$395,000
Premium/Discount to List
-$4,900
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,845
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 29, 2011
Sold by
Willow Vista Rentals Llc
Bought by
Huizar Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,017
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2010
Sold by
Ocegueda Noe
Bought by
Willow Vista Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 9, 2003
Sold by
Baum Ellen R
Bought by
Ocegueda Noe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
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
Reyes Andrew $395,000 Lawyers Title
Huizar Victor -- Lawyers Title
Limo Joseph -- Lawyers Title
Huizar Victor $236,000 Fidelity National Title
Willow Vista Rentals Llc $157,500 Fidelity National Title
Ocegueda Noe $260,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Andrew $51,500
Open Reyes Andrew $424,450
Closed Reyes Andrew $360,000
Closed Reyes Andrew $387,845
Previous Owner Huizar Victor $222,251
Previous Owner Huizar Victor $229,558
Previous Owner Huizar Victor $230,017
Previous Owner Willow Vista Rentals Llc $0
Previous Owner Ocegueda Noe $282,000
Previous Owner Ocegueda Noe $208,000
Closed Ocegueda Noe $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2015 11/30/15 Sold $395,000 -1.2% $201 / Sq Ft
10/04/2015 10/04/15 Pending -- -- --
09/19/2015 09/19/15 For Sale $399,900 -- $204 / 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 $5,451 $467,600 $136,137 $331,463
2024 $5,451 $458,432 $133,468 $324,964
2023 $5,444 $449,443 $130,851 $318,592
2022 $5,366 $440,630 $128,285 $312,345
2021 $5,463 $431,991 $125,770 $306,221
2020 $5,382 $427,561 $124,480 $303,081
2019 $5,232 $419,177 $122,039 $297,138
2018 $5,102 $410,958 $119,646 $291,312
2017 $5,059 $402,900 $117,300 $285,600
2016 $5,002 $395,000 $115,000 $280,000
2015 $3,234 $251,576 $52,234 $199,342
2014 $3,176 $246,648 $51,211 $195,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15207415

California Regional Multiple Listing Service (CRMLS)

APN: 0170-071-01