NOT LISTED FOR SALE

902 W 40th St San Bernardino, CA 92407

Estimated Value: $488,000 - $493,758

4 Beds
2 Baths
1,372 Sq Ft
$358/Sq Ft Est. Value

Last Sold June 06, 2018

Last sale price $280,000 $204 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,051/month

209 Days on Market

Highlights

  • Koi Pond
  • Property is near public transit
  • Corner Lot
  • Cajon High School Rated A-
  • Bonus Room
  • No HOA

About This Home

As of June 2018

HUGE PRICE REDUCTION FOR QUICK SALE!!! Excellent opportunity to own two beautiful units in San Bernardino. One unit consists of 3 bedrooms and one bath. The other unit is a one bedroom and bath. Both in excellent condition. Newer roof and updated windows. Great location for those wishing to run their business and live in the other unit. Close to shops, public transportation and schools. Each unit has their own A/C unit and electric meter. Great income potential

Last Agent to Sell the Property

Manuel Agosto

CASA CENTRAL REALTY License #01317813 Listed on: 06/14/2017

Last Buyer's Agent

Matthew Guerra

KW Executive License #02022646

KW Executive

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,513

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 10,700 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Corner Lot
  • Rectangular Lot
  • Drip System Landscaping
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,372 Sq Ft Home
  • Family Room
  • Bonus Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Conventional Septic

Additional Features

  • Koi Pond
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 2834
  • Assessor Parcel Number 0265241200000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $348
  • Water Sewer Expense $600
  • New Taxes Expense $2,192
  • Operating Expense $4,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,513

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 600.00
  • Zoning: CG
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0265241200000
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 204.08
  • Room Type: Bonus Room, Family Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: Koi Pond
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Conventional Septic
  • Trash Expense: 348.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Sprinklers Drip System
  • Lot Size Sq Ft: 10700.00

Multi Family

  • Insurance Expense: 1000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 4140.00

Tax Info

  • New Taxes Expense: 2192.00
  • Tax Census Tract: 45.07
  • Tax Lot: 13
  • Tax Tract Number: 2834

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2021
Sold by
Carmen Gonzalez Maria Del
Bought by
Jay Jay Revocable Living Trust
Current Estimated Value
$490,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
2.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2021
Sold by
Gonzalez Maria Del Carmen and Aaebono Maribel Terry
Bought by
Gonzalez Maria Del Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
2.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 14, 2017
Closed on
May 31, 2018
Sold by
Ibarra Juan and Ibarra Monica
Bought by
Gonzalez Maria Del Carmen and Anchondo Maribel Terry
Seller's Agent
Manuel Agosto
CASA CENTRAL REALTY
Buyer's Agent
Matthew Guerra
KW Executive
List Price
$310,000
Sold Price
$280,000
Premium/Discount to List
-$30,000
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Original Mortgage
$274,928
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 13, 2013
Closed on
Jun 29, 2013
Sold by
Gable William J
Bought by
Ibarra Juan and Ibarra Monica
Seller's Agent
ADELE HARGRAVE
KELLER WILLIAMS REALTY
Buyer's Agent
Manuel Agosto
CASA CENTRAL REALTY
List Price
$225,000
Sold Price
$165,000
Premium/Discount to List
-$60,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%
Original Mortgage
$162,011
Interest Rate
4.25%
Mortgage Type
FHA
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
Jay Jay Revocable Living Trust -- None Listed On Document
Gonzalez Maria Del Carmen -- First American Title Company
Gonzalez Maria Del Carmen $280,000 Old Republic Title
Ibarra Juan $165,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gonzalez Maria Del Carmen $272,000
Previous Owner Gonzalez Maria Del Carmen $274,928
Previous Owner Ibarra Juan $180,000
Previous Owner Ibarra Juan $162,011
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2018 06/06/18 Sold $280,000 -3.4% $204 / Sq Ft
01/09/2018 01/09/18 Pending -- -- --
11/25/2017 11/25/17 Price Changed $290,000 -6.5% $211 / Sq Ft
06/14/2017 06/14/17 For Sale $310,000 +87.9% $226 / Sq Ft
08/01/2013 08/01/13 Sold $165,000 0.0% $116 / Sq Ft
06/21/2013 06/21/13 Pending -- -- --
05/30/2013 05/30/13 Price Changed $165,000 -5.7% $116 / Sq Ft
05/03/2013 05/03/13 Price Changed $175,000 -12.1% $123 / Sq Ft
04/10/2013 04/10/13 Price Changed $199,000 -5.2% $140 / Sq Ft
03/30/2013 03/30/13 Price Changed $210,000 -6.7% $148 / Sq Ft
03/13/2013 03/13/13 For Sale $225,000 -- $158 / 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 $4,513 $355,621 $133,638 $221,983
2024 $4,513 $348,648 $131,018 $217,630
2023 $4,619 $341,812 $128,449 $213,363
2022 $4,410 $335,109 $125,930 $209,179
2021 $3,977 $294,330 $99,862 $194,468
2020 $3,987 $291,312 $98,838 $192,474
2019 $3,869 $285,600 $96,900 $188,700
2018 $2,332 $177,766 $43,094 $134,672
2017 $2,261 $174,280 $42,249 $132,031
2016 $2,193 $170,863 $41,421 $129,442
2015 $2,229 $168,297 $40,799 $127,498
2014 $2,167 $32,996 $8,809 $24,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17136113

California Regional Multiple Listing Service (CRMLS)

APN: 0265-241-20