NOT LISTED FOR SALE

8861 Lance Ave Orangevale, CA 95662

Estimated Value: $479,000 - $643,000

4 Beds
2 Baths
1,586 Sq Ft
$358/Sq Ft Est. Value

Last Sold August 23, 2017

Last sale price $415,000 $262 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,449/month

64 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property
  • Pershing Elementary School Rated A-

About This Home

As of August 2017

Extremely rare, fully renovated duplex in Orangevale. Turn-key investment property with a functional layout on a large lot that is centrally located to great schools and shopping amenities. Great long-term tenants on both sides.

Last Agent to Sell the Property

B.J. Erickson

HomeSmart ICARE Realty License #01717012 Listed on: 05/25/2017

HomeSmart ICARE Realty

Last Buyer's Agent

Lawrence Hemsley

Realty Point License #01802624

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.38

Parking

  • 2 Car Garage
  • 1 Parking Space Included

Home Design

  • Duplex
  • Composition Roof

Additional Features

  • 1-Story Property
  • 0.38 Acre Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 253-0113-006-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2,400 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Architectural Style: A-Frame,Tract
  • Stories: 1
  • Year Built Details: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Free Standing Electric Range,Microwave
  • Flooring: Tile,Wood
  • Window Features: Dual Pane Full,Window Coverings

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts,Transfer Disclosure Statement
  • Listing Price: 419900.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage,Street,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Fire Alarm
  • Utilities: Cable Available,Internet Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD5
  • Lot Size Acres: 0.3800
  • Lot Size Sq Ft: 16553

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2400
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 253-0113-006-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2020
Sold by
Shah Tejas and Shah Bijal
Bought by
Shah Tejas and Shah Bijal
Current Estimated Value
$568,402

Purchase Details

Closed on
Jun 25, 2020
Sold by
Shah Tejas B and Shah Tejas
Bought by
Shah Tejas B and Shah Bijal R

Purchase Details

Listed on
May 25, 2017
Closed on
Aug 11, 2017
Sold by
Jones Kyle
Bought by
Shah Tejas and Shah Bijal
Seller's Agent
B.J. Erickson
HomeSmart ICARE Realty
Buyer's Agent
Lawrence Hemsley
Realty Point
List Price
$424,900
Sold Price
$415,000
Premium/Discount to List
-$9,900
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Original Mortgage
$270,300
Outstanding Balance
$185,831
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$382,571

Purchase Details

Listed on
Jun 26, 2013
Closed on
Aug 27, 2013
Sold by
Duggin Christopher A and Caskey Jamie K
Bought by
Jones Kyle
Seller's Agent
Steve/Woody Woodfill
Windermere Signature Properties Elk Grove
Buyer's Agent
B.J. Erickson
HomeSmart ICARE Realty
List Price
$238,000
Sold Price
$220,000
Premium/Discount to List
-$18,000
-7.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.24%
Original Mortgage
$165,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2007
Sold by
Caskey Matthew
Bought by
Caskey Jamie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 12, 2000
Sold by
Norwood Tallmadge F and Norwood Susan M
Bought by
Duggin Christopher A and Duggin Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,083
Interest Rate
8.2%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Shah Tejas -- None Available
Shah Tejas B -- First American Title Ins Co
Shah Tejas $415,000 Placer Title Company
Jones Kyle $220,000 Placer Title Company
Caskey Jamie K -- Alliance Title Company
Duggin Christopher A -- Alliance Title Company
Duggin Christopher A $138,000 North American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Tejas $270,300
Previous Owner Jones Kyle $165,000
Previous Owner Duggin Christopher A $30,000
Previous Owner Duggin Christopher A $137,083
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2017 08/23/17 Sold $415,000 -2.3% $262 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $424,900 +93.1% $268 / Sq Ft
08/29/2013 08/29/13 Sold $220,000 -7.6% $139 / Sq Ft View Prior Sale
08/12/2013 08/12/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $238,000 -- $150 / Sq Ft
Source: MetroList

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 $5,654 $472,194 $102,402 $369,792
2024 $5,654 $462,937 $100,395 $362,542
2023 $5,512 $453,861 $98,427 $355,434
2022 $5,484 $444,963 $96,498 $348,465
2021 $5,395 $436,239 $94,606 $341,633
2020 $5,296 $431,766 $93,636 $338,130
2019 $5,191 $423,300 $91,800 $331,500
2018 $5,132 $415,000 $90,000 $325,000
2017 $2,946 $232,371 $73,935 $158,436
2016 $2,758 $227,816 $72,486 $155,330
2015 $2,712 $224,395 $71,398 $152,997
2014 $2,657 $220,000 $70,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    B.J. Erickson

    HomeSmart ICARE Realty

    (916) 502-3546

    1 Total Sale

    B.J. Erickson
    Section Image
  • Lawrence Hemsley

    Buyer's Agent in 2017

    Lawrence Hemsley

    Realty Point

    (916) 533-1216

    38 Total Sales

    Lawrence Hemsley
    Section Image

  • S

    Seller's Agent in 2013

    Steve/Woody Woodfill

    Lyon Real Estate

See All Agents

Map

Source: MetroList

MLS Number: 17031595

MetroList

APN: 253-0113-006

California Sacramento County Orangevale 95662

8861 Lance Ave, Orangevale, CA

Not Listed for Sale

MultiFamily

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