NOT LISTED FOR SALE

8179 Ilex St Fontana, CA 92335

Estimated Value: $407,000 - $929,000

12 Beds
8 Baths
3,381 Sq Ft
$200/Sq Ft Est. Value

Last Sold July 24, 2017

Last sale price $950,000 $281 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $3,889/month

3 Days on Market

Highlights

  • No HOA
  • Summit High School Rated A-
  • Laundry Room

About This Home

As of July 2017

Property consists of six (plus) SFR on four separate parcels. Actual square footage is greater than that listed. There are also two other un-permitted garage conversions and several other outbuildings. There is also a 5th wheel trailer garage. Two of the SFR are located on Chestnut St (13380 & 13390). DO NOT DISTURB TENANTS OR ENTER PROPERTY. THE ARE TWO MEAN DOGS THAT HAVE FULL RUN OF PROPERTY.

Last Agent to Sell the Property

Mike Fill

SIERRA REALTY FONTANA INC License #01355750 Listed on: 06/19/2017

Last Buyer's Agent

Mike Fill

SIERRA REALTY FONTANA INC License #01355750 Listed on: 06/19/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,746

Year Built

  • Built in 1950

Lot Details

  • 2.3 Acre Lot
  • No Common Walls
  • Rural Setting
  • 0229052230000,0229052050000,0229052040000

Parking

  • 4 Car Garage

Home Design

  • 3,381 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 331
  • Tax Tract Number 22
  • Assessor Parcel Number 0229052240000

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 6 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $3,750
  • Insurance Expense $1,200
  • Trash Expense $1,140
  • Water Sewer Expense $840
  • New Taxes Expense $12,500
  • Operating Expense $20,150
  • Gross Income $79,200
  • Net Operating Income $56,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,746

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 840.00
  • Property Type: Residential Income
  • Parcel Number: 0229052240000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 280.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Trash Expense: 1140.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 0229052230000,0229052050000,0229052040000
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 100200.00

Multi Family

  • Electric Expense: 3750.00
  • Gross Income: 79200.00
  • Gross Operating Income: 75240.00
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 56430.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 6
  • Operating Expense: 18810.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Expenses: 20150.00
  • Vacancy Allowance: 3960
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Lot: 331
  • Tax Tract Number: 22.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2021
Sold by
Group V San Bernardino Lp
Bought by
Group Xiv Properties Lp
Current Estimated Value
$676,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,372,500
Outstanding Balance
$6,743,326
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
-$6,066,650

Purchase Details

Closed on
Sep 30, 2021
Sold by
Group V San Bernardino Lp
Bought by
Group Xiv Properties Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,372,500
Outstanding Balance
$6,743,326
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
-$6,066,650

Purchase Details

Listed on
Jun 19, 2017
Closed on
Jun 27, 2017
Sold by
Noehren Steven Alan
Bought by
Group V San Bernardino Lp
Seller's Agent
Mike Fill
SIERRA REALTY FONTANA INC
Buyer's Agent
Mike Fill
SIERRA REALTY FONTANA INC
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.03%

Purchase Details

Closed on
Oct 24, 2014
Sold by
Noehren Roberta J
Bought by
Noehren Family Trust

Purchase Details

Closed on
Jan 29, 2002
Sold by
Noehren Clarence
Bought by
Noehren Clarence A and Noehren Roberta J
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
Group Xiv Properties Lp -- Orange Coast Title
Group Xiv Properties Lp -- Orange Coast Title Co
Group V San Bernardino Lp $950,000 Chicago Title
Noehren Family Trust -- None Available
Noehren Clarence A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Group Xiv Properties Lp $7,372,500
Closed Group Xiv Properties Lp $372,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2017 07/24/17 Sold $950,000 -4.5% $281 / Sq Ft
06/20/2017 06/20/17 For Sale $995,000 +4.7% $294 / Sq Ft
06/19/2017 06/19/17 Off Market $950,000 -- --
06/19/2017 06/19/17 For Sale $995,000 -- $294 / 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 $3,746 $318,590 $159,295 $159,295
2024 $3,746 $312,344 $156,172 $156,172
2023 $3,661 $306,220 $153,110 $153,110
2022 $4,801 $300,216 $150,108 $150,108
2021 $3,174 $294,330 $147,165 $147,165
2020 $3,166 $291,312 $145,656 $145,656
2019 $3,070 $285,600 $142,800 $142,800
2018 $3,117 $280,000 $140,000 $140,000
2017 $764 $66,678 $33,339 $33,339
2016 $751 $65,370 $32,685 $32,685
2015 $742 $64,388 $32,194 $32,194
2014 $743 $63,126 $31,563 $31,563
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17138710

California Regional Multiple Listing Service (CRMLS)

APN: 0229-052-24