$165,000
SOLD APR 23, 2013
-- Bed
-- Bath
2,400 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$69 Per Sq Ft

15% Below List Price

64 Days on Market

About This Home

As of June 2015

Duplex in Riverside, Needs Lot of Repairs. Buyer to check with city for possible violations. Property needs 203k, Cash or Conventional Loan. Unpermitted Additions in the property.

Last Agent to Sell the Property

Vincent Cervantes

Freedom Homes License #00922870 Listed on: 01/08/2013

Last Buyer's Agent

Rolando Lopez

Freedom Homes License #01791685

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,047

Year Built

  • Built in 1976

Parking

  • 2 Parking Spaces

Home Design

  • 2,400 Sq Ft Home

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1
  • Assessor Parcel Number 155381011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $1,200
  • New Taxes Expense $2,959
  • Gross Income $500
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,047

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 10.26
  • Property Type: Residential Income
  • Parcel Number: 155381011
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 68.75

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Central

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 500.00
  • Gross Multiplier: 8.13
  • Gross Scheduled Income: 24000.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 20000.00
  • 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: 400.00
  • Other Expense Description: 00
  • Vacancy Allowance Rate: 25.00

Tax Info

  • New Taxes Expense: 2959.00
  • Tax Area: 9010
  • Tax Lot: 11
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2015
Closed on
May 22, 2015
Sold by
Cocasey Llc
Bought by
Bailey David and Bailey Cristen Stier
Seller's Agent
Christine Lee
LEE & COMPANY
Buyer's Agent
Aaron Marin
SAN MARINO REALTY
List Price
$438,500
Sold Price
$417,000
Premium/Discount to List
-$21,500
-4.9%
Current Estimated Value
$747,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,289
Avg. Annual Appreciation
5.94%
Original Mortgage
$312,750
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2014
Sold by
Kan Alan and Kwok Heidi
Bought by
Cocasey Llc

Purchase Details

Listed on
Jul 15, 2013
Closed on
Aug 8, 2013
Sold by
Guardado Rodolfo and Guardado Reina
Bought by
Kan Alan and Kwok Heidi
Seller's Agent
Rolando Lopez
Freedom Homes
Buyer's Agent
Diana YangLuo
AMDJ Realty, Inc.
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$234,500
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2013
Closed on
Mar 15, 2013
Sold by
Navarro Antonio S
Bought by
Guardado Rodolfo and Guardado Reina
Seller's Agent
Vincent Cervantes
Freedom Homes
Buyer's Agent
Rolando Lopez
Freedom Homes
List Price
$195,000
Sold Price
$165,000
Premium/Discount to List
-$30,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
757.23%

Purchase Details

Closed on
Nov 17, 2003
Sold by
Navarro Antonio and Navarro Guadalupe
Bought by
Navarro Antonio S and Navarro Guadalupe B
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 Type Sale Price Title Company
Grant Deed $417,000 First American Title Company
Grant Deed -- None Available
Grant Deed $350,000 Lawyers Title
Grant Deed $165,000 Old Republic Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $357,500 New Conventional
Closed $312,750 New Conventional
Previous Owner $234,500 New Conventional
Previous Owner $320,000 Stand Alone First
Previous Owner $211,500 New Conventional
Previous Owner $150,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2015 06/25/15 Sold $417,000 -4.9% $174 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
05/09/2015 05/09/15 For Sale $438,500 0.0% $183 / Sq Ft
08/16/2014 08/16/14 Rented $1,300 0.0% --
08/16/2014 08/16/14 For Rent $1,300 -3.7% --
11/30/2013 11/30/13 Rented $1,350 +22.7% --
11/09/2013 11/09/13 Under Contract -- -- --
09/06/2013 09/06/13 For Rent $1,100 0.0% --
08/28/2013 08/28/13 Sold $350,000 0.0% $146 / Sq Ft
08/05/2013 08/05/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $350,000 +112.1% $146 / Sq Ft
04/23/2013 04/23/13 Sold $165,000 -15.4% $69 / Sq Ft
03/13/2013 03/13/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $195,000 -- $81 / 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 $6,047 $894,158 $108,160 $785,998
2023 $6,047 $481,701 $103,961 $377,740
2022 $5,597 $472,257 $101,923 $370,334
2021 $5,504 $462,998 $99,925 $363,073
2020 $5,416 $458,252 $98,901 $359,351
2019 $5,346 $449,267 $96,962 $352,305
2018 $5,272 $440,459 $95,062 $345,397
2017 $5,174 $431,824 $93,199 $338,625
2016 $5,089 $423,358 $91,372 $331,986
2015 $4,308 $356,992 $61,198 $295,794
2014 -- $350,000 $60,000 $290,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1206425

California Regional Multiple Listing Service (CRMLS)

APN: 155-381-011