NOT LISTED FOR SALE

Estimated Value: $1,022,764 - $1,289,000

9 Beds
5 Baths
4,477 Sq Ft
$268/Sq Ft Est. Value

Last Sold February 24, 2015

Last sale price $490,000 $109 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $6,847/month

Highlights

  • Cooling Available
  • Central Heating
  • Front Yard
  • Redlands East Valley High School Rated A-
  • Carpet

About This Home

As of February 2015

Large 4 Plex in Redlands! Great value for this 4,477 Square Foot Four Unit Building compared to replacement cost! The building offers 4 large units including an "Covington Style" 3 Bedroom, 2.5 Bathroom unit, and 3 Spacious 2 Bedroom Units. Each unit either has a patio or balcony. All units are rented. Current rents are low for the area and could be increased in the future. The property is fenced for extra security and offers 7 Carport spots and several open spots for extra parking. 4 Unit buildings are eligible for conventional 1-4 unit financing at today's current low interest rates to make this an even more attractive investment than larger complexes. This Building does not have any HOA dues or restrictions like the similar aged Mountain View 4Plex buildings just one block away!!!!!!

Last Agent to Sell the Property

Kurt Tiedt

Kurt W. Tiedt License #01167589 Listed on: 11/24/2014

Last Buyer's Agent

Linda Snawder

CENTURY 21 EXPERIENCE License #01852077

CENTURY 21 EXPERIENCE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Front Yard

Home Design

  • Composition Roof

Interior Spaces

  • 4,477 Sq Ft Home
  • Carpet
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 9 Parking Spaces
  • 7 Carport Spaces

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 9801
  • Assessor Parcel Number 0169106340000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $730
  • Gardener Expense $1,560
  • Insurance Expense $1,500
  • Maintenance Expense $2,800
  • Trash Expense $2,506
  • Water Sewer Expense $2,450
  • New Taxes Expense $5,800
  • Gross Income $3,464
  • Net Operating Income $24,139

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 2450.00
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 0169106340000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Price Per Square Foot: 109.45

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 7.00
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 2506.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 12688.00
  • Lot Size Acres: 0.2910

Multi Family

  • Electric Expense: 730.00
  • Gross Income: 3464.00
  • Gross Scheduled Income: 42768.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12688.0000 Square Feet
  • Maintenance Expense: 2800.00
  • Net Operating Income: 24139.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17346.00
  • Rent Control: No
  • Total Actual Rent: 3464.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5800.00
  • Tax Lot: 4
  • Tax Tract Number: 9801
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2014
Sold by
Sidhu Satinder P S and Sidhu Kuljit
Bought by
Vandermeulen Brian
Current Estimated Value
$1,200,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,124
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2006
Sold by
Sidhu Satinder Ps and Sidhu Kuljit K
Bought by
Sidhu Md Satinder P S and Sidhu Kuljit

Purchase Details

Closed on
Aug 30, 2005
Sold by
Khoury Raid
Bought by
Sidhu Satinder Ps and Sidhu Kuljit K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 3, 2003
Sold by
Khoury Raid M and Khoury Raid
Bought by
Khoury Raid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,200
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2003
Sold by
Khoury Khaled
Bought by
Khoury Raid M and The Raid & Nada Khoury 2001 Re

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,200
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2002
Sold by
Franklin Credit Management Corp
Bought by
Khoury Khaled

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.99%

Purchase Details

Closed on
Nov 20, 2001
Sold by
Spearman Laneicia
Bought by
Franklin Credit Management Corp

Purchase Details

Closed on
Sep 18, 2001
Sold by
Spearman Laneicia
Bought by
Smith Lawrence W

Purchase Details

Closed on
Apr 6, 1998
Sold by
Hoyt Deanna R
Bought by
Spearman Laneicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
9.99%

Purchase Details

Closed on
Feb 21, 1997
Sold by
Federal National Mortgage Association
Bought by
Hoyt Deanna R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
7.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 29, 1996
Sold by
Henry John L and Henry Mary E
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
Vandermeulen Brian $490,000 Fidelity National Title Co
Sidhu Md Satinder P S -- None Available
Sidhu Satinder Ps $675,000 Fidelity National Title Co
Khoury Raid -- Fidelity National Title
Khoury Raid M -- --
Khoury Khaled $220,000 Chicago Title Co
Khoury Khaled -- Chicago Title Co
Franklin Credit Management Corp $154,158 First American Title Co
Smith Lawrence W -- --
Spearman Laneicia $240,000 Chicago Title Co
Hoyt Deanna R $90,000 Chicago Title Co
Federal National Mortgage Association $112,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vandermeulen Brian $481,124
Previous Owner Sidhu Satinder Ps $506,250
Previous Owner Khoury Raid $242,200
Previous Owner Khoury Khaled $176,000
Previous Owner Spearman Laneicia $216,000
Previous Owner Hoyt Deanna R $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2015 02/24/15 Sold $490,000 +1.0% $109 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
11/24/2014 11/24/14 For Sale $485,000 -- $108 / 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 $6,907 $588,906 $144,222 $444,684
2024 $6,907 $577,359 $141,394 $435,965
2023 $6,899 $566,039 $138,622 $427,417
2022 $6,800 $554,940 $135,904 $419,036
2021 $6,923 $544,059 $133,239 $410,820
2020 $6,821 $538,481 $131,873 $406,608
2019 $6,632 $527,922 $129,287 $398,635
2018 $6,468 $517,571 $126,752 $390,819
2017 $6,414 $507,423 $124,267 $383,156
2016 $6,343 $497,473 $121,830 $375,643
2015 $4,770 $368,800 $83,500 $285,300
2014 $4,169 $320,700 $72,600 $248,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14247950

California Regional Multiple Listing Service (CRMLS)

APN: 0169-106-34