NOT LISTED FOR SALE

845 W Olive St Colton, CA 92324

Estimated Value: $581,000 - $767,000

5 Beds
3 Baths
2,384 Sq Ft
$285/Sq Ft Est. Value

Last Sold April 24, 2015

Last sale price $270,000 $113 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $4,281/month

43 Days on Market

Highlights

  • 0.35 Acre Lot
  • Wood Flooring
  • Double Pane Windows
  • Mountain View
  • Two Homes on a Lot
  • Evaporated cooling system

About This Home

As of April 2015

Two on a lot!! Awesome investment opportunity. Live in One Rent the Other. This is a great house, in great shape, located in a great neighborhood. Close to schools, freeways and shopping. The main house is 3 bedrooms - 2 baths, has dual pane windows throughout, wood flooring, large multi-purpose room (non permitted) unlimited possibilities for your enjoyment.

Back house is 2 bedroom, 1 bathroom, complete kitchen and large living area and separate laundry room.

Property is fully fenced. Each home has separate yard with sprinkler systems and mature trees

Last Agent to Sell the Property

ELLIE DOMINGUEZ

Coast to Coast Real Estate Inv License #01270843 Listed on: 02/02/2015

Last Buyer's Agent

Ricardo Ponce

PONCE & PONCE REALTY, INC License #01356147

PONCE & PONCE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,949

Year Built

  • Built in 1949

Lot Details

  • 0.35 Acre Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence

Interior Spaces

  • 2,384 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Family Room
  • Living Room
  • Storage
  • Mountain Views

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 6 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Wall Furnace
  • 220 Volts in Kitchen
  • Conventional Septic

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 64017
  • Assessor Parcel Number 0274111100000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $1,000
  • Trash Expense $500
  • Water Sewer Expense $540
  • Gross Income $2,000
  • Net Operating Income $22,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,949

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 540.00
  • Property Type: Residential Income
  • Parcel Number: 0274111100000
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Storage
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 113.26
  • Room Type: Family Room, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Two On A Lot
  • View: Mountain(s)
  • Fencing: Block, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal
  • Electric: 220 Volts in Kitchen
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Individual Room
  • Sewer: Conventional Septic
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15300.00
  • Lot Size Acres: 0.3510

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 2000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 15300.0000 Square Feet
  • Net Operating Income: 22500.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1500.00
  • Rent Control: No

Tax Info

  • Tax Lot: 33
  • Tax Tract Number: 64017
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2018
Sold by
Barrera Paul
Bought by
Demoss Francisco
Current Estimated Value
$661,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,171
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 2, 2015
Closed on
Mar 6, 2015
Sold by
Lucas Margaret Marie and Knowlton Margaret Marie
Bought by
Barrera Paul
Seller's Agent
ELLIE DOMINGUEZ
Coast to Coast Real Estate Inv
Buyer's Agent
Ricardo Ponce
PONCE & PONCE REALTY, INC
List Price
$260,000
Sold Price
$270,000
Premium/Discount to List
$10,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$265,109
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 10, 2008
Sold by
Knowlton Margaret Marie and Knowlton Margaret M
Bought by
Knowlton Margaret Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,500
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2002
Sold by
Knowlton Margaret M and Lucas Margaret M
Bought by
Knowlton Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,300
Interest Rate
5.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 25, 2000
Sold by
Lucas Robert G
Bought by
Lucas Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Interest Rate
8.16%

Purchase Details

Closed on
Jun 29, 1999
Sold by
Knowlton Stephen
Bought by
Lucas Margaret M
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
Demoss Francisco $377,000 Chicago Title Inland Empire
Barrera Paul $270,000 Fidelity National Title Co
Knowlton Margaret Marie -- United Title Company
Knowlton Margaret M -- American
Lucas Margaret M -- Old Republic Title
Lucas Margaret M -- --
Lucas Robert G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demoss Francisco $376,758
Closed Demoss Francisco $373,545
Closed Demoss Francisco $370,171
Previous Owner Barrera Paul $265,109
Previous Owner Knowlton Margaret Marie $150,600
Previous Owner Knowlton Margaret Marie $155,500
Previous Owner Knowlton Margaret M $135,000
Previous Owner Knowlton Margaret M $47,300
Previous Owner Knowlton Margaret M $76,700
Previous Owner Lucas Margaret M $75,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2015 04/24/15 Sold $270,000 +3.8% $113 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
01/06/2015 01/06/15 For Sale $260,000 -- $109 / 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 $7,949 $663,000 $198,900 $464,100
2024 $7,949 $650,000 $195,000 $455,000
2023 $5,175 $404,220 $123,303 $280,917
2022 $5,838 $396,294 $120,885 $275,409
2021 $5,926 $388,524 $118,515 $270,009
2020 $5,611 $384,540 $117,300 $267,240
2019 $5,076 $377,000 $115,000 $262,000
2018 $3,737 $285,192 $57,038 $228,154
2017 $3,606 $279,600 $55,920 $223,680
2016 $3,697 $274,118 $54,824 $219,294
2015 $856 $70,686 $13,187 $57,499
2014 $815 $69,302 $12,929 $56,373
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15002994

California Regional Multiple Listing Service (CRMLS)

APN: 0274-111-10