NOT LISTED FOR SALE

Estimated Value: $688,156 - $817,000

4 Beds
2 Baths
1,815 Sq Ft
$415/Sq Ft Est. Value

Last Sold February 07, 2022

Last sale price $625,000 $344 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,751/month

5 Days on Market

Highlights

  • Peek-A-Boo Views
  • Granite Countertops
  • Ductless Heating Or Cooling System
  • Redlands East Valley High School Rated A-
  • Double Pane Windows
  • Laundry Room

About This Home

As of February 2022

This completely renovated duplex needs new owner! With everything new all you need to do is move in! Units have great rental potential with location so close to Downtown Redlands and all that it has to offer! New shopping center with Sprouts, many restaurants, and the new train coming in! The building has all new windows, flooring, light fixtures, cabinets, counter tops and bathrooms. Some plumbing and electrical has been redone as needed. New paint inside and out with exterior laundry hook ups to share. There is access to property from the back alley as well. Plans to convert the garage into an ADU have been submitted to the city and are waiting approval. Whether owner occupied or investment this property is ready to go! Don't miss the only duplex on the market in Redlands!

Last Agent to Sell the Property

MARK CLEVELAND

UNIVERSITY REALTY INC. License #01897447 Listed on: 12/21/2021

Last Buyer's Agent

Joanna Trujillo

ELEVATE REAL ESTATE AGENCY License #02026486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,704

Year Built

  • Built in 1910

Lot Details

  • 6,144 Sq Ft Lot
  • 1 Common Wall
  • Front Yard Sprinklers
  • Sprinklers on Timer

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,815 Sq Ft Home
  • Double Pane Windows
  • Blinds
  • Vinyl Flooring
  • Peek-A-Boo Views

Kitchen

  • Gas Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Rain Gutters

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 3 / 7
  • Tax Tract Number 42
  • Assessor Parcel Number 0169042140000
  • $171 per year additional tax assessments

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
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,500
  • Operating Expense $13,900
  • Gross Income $45,600
  • Net Operating Income $32,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,704

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.35
  • Price Per Unit: 299500
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0169042140000
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 344.35
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Raised
  • View: Peek-A-Boo
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Ductless
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 6144.00
  • Lot Size Acres: 0.1410

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6144.0000 Square Feet
  • Net Operating Income: 32100.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 13500.00
  • Rent Control: No
  • Total Expenses: 13900.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Block: 7
  • Tax Census Tract: 80.02
  • Tax Lot: 3
  • Tax Tract Number: 042
  • TaxOtherAnnualAssessmentAmount: 171.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
Jan 4, 2022
Sold by
Dustin Miracle
Bought by
Mangum Jepal
Seller's Agent
MARK CLEVELAND
UNIVERSITY REALTY INC.
Buyer's Agent
Joanna Trujillo
ELEVATE REAL ESTATE AGENCY
List Price
$599,000
Sold Price
$625,000
Premium/Discount to List
$26,000
4.34%
Current Estimated Value
$754,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,039
Avg. Annual Appreciation
4.47%
Original Mortgage
$579,466
Outstanding Balance
$536,229
Interest Rate
3.11%
Estimated Equity
$193,324

Purchase Details

Closed on
Aug 2, 2021
Sold by
Bear Flag Homes Llc
Bought by
Miracle Dustin
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
Mangum Jepal $625,000 Lawyers Title
Miracle Dustin $365,000 Lawyers Title Company
Bear Flag Homes Llc $225,000 National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mangum Jepal $579,466
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2022 02/07/22 Sold $625,000 +4.3% $344 / Sq Ft
12/26/2021 12/26/21 Pending -- -- --
12/21/2021 12/21/21 For Sale $599,000 -- $330 / 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 $7,704 $706,095 $191,017 $515,078
2024 $7,704 $650,250 $187,272 $462,978
2023 $7,695 $637,500 $183,600 $453,900
2022 $4,456 $365,000 $100,000 $265,000
2021 $530 $42,582 $5,391 $37,191
2020 $522 $42,146 $5,336 $36,810
2019 $508 $41,319 $5,231 $36,088
2018 $496 $40,508 $5,128 $35,380
2017 $491 $39,713 $5,027 $34,686
2016 $484 $38,934 $4,928 $34,006
2015 $480 $38,349 $4,854 $33,495
2014 $471 $37,598 $4,759 $32,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21267250

California Regional Multiple Listing Service (CRMLS)

APN: 0169-042-14