NOT LISTED FOR SALE

Estimated Value: $525,000 - $638,000

3 Beds
3 Baths
1,579 Sq Ft
$368/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $618,500 $392 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,748/month

88 Days on Market

Highlights

  • Evaporated cooling system
  • Laundry Room
  • 1-Story Property
  • Mariposa Elementary School Rated A-
  • Central Heating

About This Home

As of March 2023

This property is perfect for new or experienced multifamily investors or even a First Time Home Buyer looking to live in one unit and rent out the other! The front house features three bedrooms, two bathrooms and a laundry room. The main bedroom has its own bathroom. This unit features a beautiful recently remodeled kitchen with granite counter-tops, tile back splash, cherry wood cabinets, & carpet flooring through out the home. The back ADU unit is a NEWLY constructed Studio with brand new laminate flooring, new counter-tops & cabinets, in unit washer & dryer hook ups, & fresh paint. Also the Owner has approved Plans for a second ADU known as a JDU garage conversion, which can be given upon request. This property is conveniently located near the 10 freeway, University of Redlands and this home is also within walking distance to Downtown Redlands, which hosts an array of different restaurants, weekly Market Nights, Orange Groves, historic sites, and local parks!

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 10/31/2022

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 10/31/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,400 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,579 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 8 / B
  • Tax Tract Number 8
  • Assessor Parcel Number 0169063060000
  • $780 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $780
  • Water Sewer Expense $780
  • Operating Expense $3,060
  • Gross Income $43,140
  • Net Operating Income $40,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 780.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0169063060000
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 391.70

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6400.00
  • Lot Size Acres: 0.1469

Multi Family

  • Gross Income: 43140.00
  • Gross Scheduled Income: 43140.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6400.0000 Square Feet
  • Net Operating Income: 40080.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3060.00
  • Rent Control: No
  • Total Expenses: 3060.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 80.04
  • Tax Lot: 8
  • Tax Tract Number: 8
  • TaxOtherAnnualAssessmentAmount: 780.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Feb 1, 2023
Sold by
Patel Family Trust
Bought by
Brown Charlie
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$649,000
Sold Price
$618,500
Premium/Discount to List
-$30,500
-4.7%
Views
138
Current Estimated Value
$580,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,915
Avg. Annual Appreciation
-2.21%
Original Mortgage
$556,650
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2021
Sold by
Patel Bimal and Patel Shefali
Bought by
Patel Bimal V and Patel Shefali

Purchase Details

Listed on
Oct 20, 2017
Closed on
Mar 24, 2018
Sold by
Villegas Andrew and Villegas Ana
Bought by
Patel Bimal and Patel Shefali
Seller's Agent
Edward Rodarte
PAK HOME REALTY
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$274,999
Sold Price
$280,000
Premium/Discount to List
$5,001
1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$224,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2016
Closed on
Feb 23, 2016
Sold by
Trinity Redevelopment Inc
Bought by
Villegas Andrew and Villegas Ana
Seller's Agent
Manuel Badiola
MONACO REALTY
Buyer's Agent
Louana Salcedo
RE/MAX MASTERS
List Price
$225,000
Sold Price
$238,000
Premium/Discount to List
$13,000
5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$217,948
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 30, 2015
Closed on
Oct 1, 2015
Sold by
Fannie Mae
Bought by
Trinity Redevelopment Inc
Seller's Agent
William Morris
Innovate Realty, Inc.
Buyer's Agent
Al Mejia
Al Mejia Real Estate
List Price
$152,000
Sold Price
$165,000
Premium/Discount to List
$13,000
8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
162.22%

Purchase Details

Closed on
Nov 14, 2014
Sold by
Hammontree Bobbie D
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brown Charlie $618,500 Priority Title
Patel Bimal V -- None Available
Patel Bimal $280,000 First American Title Company
Villegas Andrew $238,000 Wfg Title Company Of Ca
Trinity Redevelopment Inc $165,000 Wfg Title Company Of Ca
Federal National Mortgage Association $220,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Charlie $556,650
Previous Owner Patel Bimal $224,000
Previous Owner Villegas Andrew $217,948
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2023 03/27/23 Sold $618,500 -4.7% $392 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
10/31/2022 10/31/22 For Sale $649,000 0.0% $411 / Sq Ft
06/27/2022 06/27/22 Rented $2,200 0.0% --
06/10/2022 06/10/22 For Rent $2,200 0.0% --
04/20/2018 04/20/18 Sold $280,000 0.0% $246 / Sq Ft View Prior Sale
02/12/2018 02/12/18 Pending -- -- --
02/05/2018 02/05/18 Price Changed $280,000 +1.8% $246 / Sq Ft
10/20/2017 10/20/17 For Sale $274,999 +15.5% $241 / Sq Ft
02/26/2016 02/26/16 Sold $238,000 +5.8% $209 / Sq Ft View Prior Sale
01/20/2016 01/20/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $225,000 +36.4% $198 / Sq Ft
10/09/2015 10/09/15 Sold $165,000 +8.6% $145 / Sq Ft View Prior Sale
09/10/2015 09/10/15 Pending -- -- --
08/30/2015 08/30/15 For Sale $152,000 -- $133 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,008 $643,487 $192,474 $451,013
2024 $7,476 $630,870 $188,700 $442,170
2023 $3,993 $328,221 $91,866 $236,355
2022 $3,657 $300,217 $90,065 $210,152
2021 $3,724 $294,330 $88,299 $206,031
2020 $3,668 $291,312 $87,394 $203,918
2019 $3,566 $285,600 $85,680 $199,920
2018 $3,080 $247,616 $74,285 $173,331
2017 $3,055 $242,760 $72,828 $169,932
2016 $2,108 $165,000 $50,000 $115,000
2015 $2,502 $195,000 $59,000 $136,000
2014 -- $92,959 $8,881 $84,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22223981

California Regional Multiple Listing Service (CRMLS)

APN: 0169-063-06