NOT LISTED FOR SALE

Estimated Value: $606,000 - $741,000

5 Beds
3 Baths
1,744 Sq Ft
$394/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $309,000 $177 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $4,165/month

29 Days on Market

About This Home

As of June 2013

***STANDARD SALE*** Excellent Opportunity to Purchase a Duplex Income Property! ***Large Square Footage...county records shows 1744 sq ft on a 5086 sq ft Lot! ***Both units have just been REMODELED w/ ***Brand New GRANITE! ***Brand New CABINETS!!! ***Brand New Stainless Steel Appliances! ***Brand New Paint!! ***Brand New Carpet!! One unit is estimated to rent at $1500.00/month & the other is estimated to rent at $1200.00/month for a total of $2700.00 or more each month for an ANNUAL est INCOME OF $32400.00 or More...Year After Year of steady income! Close to Great Schools & Parks!! Excellent freeway access for commuting. Quick Response to all offers. Hurry, will sell fast!***

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 05/01/2013

Last Buyer's Agent

James Ruiz

OPTION ONE REALTY & INVESTMENT License #01415230

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,060

Year Built

  • Built in 1940

Lot Details

  • 5,086 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 1,744 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 219
  • Tax Tract Number 6631
  • Assessor Parcel Number 6042018001

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,060

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 6042018001
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 177.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5086.00
  • Lot Size Acres: 0.1170

Multi Family

  • Gross Income: 2700.00
  • Gross Scheduled Income: 32400.00
  • Lot Size Area: 5086.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 219
  • Tax Tract Number: 6631
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2013
Closed on
Jun 18, 2013
Sold by
Flowers Garry Albert
Bought by
Flowers Avis Noreen Paredes
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
James Ruiz
OPTION ONE REALTY & INVESTMENT
List Price
$323,000
Sold Price
$309,000
Premium/Discount to List
-$14,000
-4.33%
Current Estimated Value
$686,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,958
Avg. Annual Appreciation
6.79%
Original Mortgage
$303,403
Outstanding Balance
$219,024
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$467,934

Purchase Details

Listed on
May 1, 2013
Closed on
May 31, 2013
Sold by
Rancho Horizon Llc
Bought by
Flowers Avis Noreen Paredes
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
James Ruiz
OPTION ONE REALTY & INVESTMENT
List Price
$323,000
Sold Price
$309,000
Premium/Discount to List
-$14,000
-4.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,403
Outstanding Balance
$219,024
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$467,934

Purchase Details

Closed on
Jan 11, 2013
Sold by
Richardson Annie Lee
Bought by
Rancho Horizon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.33%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 8, 2004
Sold by
Shaw Eloise
Bought by
Richardson Annie Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Flowers Avis Noreen Paredes -- Ticor Title Riverside
Flowers Avis Noreen Paredes $309,000 Ticor Title Riverside
Rancho Horizon Llc $206,500 Accommodation
Richardson Annie Lee $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flowers Avis Noreen Pared $40,410
Open Flowers Avis Noreen Paredes $303,403
Previous Owner Rancho Horizon Llc $5,000,000
Previous Owner Richardson Annie Lee $357,500
Previous Owner Richardson Annie Lee $280,000
Closed Richardson Annie Lee $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $309,000 -4.3% $177 / Sq Ft
05/30/2013 05/30/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $323,000 -- $185 / 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 $5,060 $380,502 $246,282 $134,220
2024 $5,060 $373,042 $241,453 $131,589
2023 $4,968 $365,728 $236,719 $129,009
2022 $4,751 $358,558 $232,078 $126,480
2021 $4,686 $351,528 $227,528 $124,000
2020 $4,727 $347,924 $225,195 $122,729
2019 $4,551 $341,103 $220,780 $120,323
2018 $4,459 $334,415 $216,451 $117,964
2016 $4,249 $321,431 $208,047 $113,384
2015 $4,186 $316,603 $204,922 $111,681
2014 $4,204 $310,402 $200,908 $109,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13078952

California Regional Multiple Listing Service (CRMLS)

APN: 6042-018-001