NOT LISTED FOR SALE

Estimated Value: $481,000 - $662,000

3 Beds
3 Baths
2,393 Sq Ft
$251/Sq Ft Est. Value

Sale Details

Date Sold: August 26, 2014

Last sale price $266,000 $111 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $3,704 / mo

167 Days on Market

About This Home

As of August 2014

Rare opportunity- Multiple units. Great income potential. Needs some TLC.

Last Agent to Sell the Property

Joe Schembri

Coldwell Banker Realty License #00890599 Listed on: 02/21/2014

Coldwell Banker Realty

Last Buyer's Agent

Iztaccuauhtl Gonzalez

Anahuak Realty And Loans License #01376783

Property Details

Home Type

  • Multi-Family

Year Built

  • 1923

Lot Details

  • 6,273

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,393 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $22,800
  • The owner pays for garbage
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,393 Sq Ft Building

Building Details

  • Maintenance Expense $3,000
  • Trash Expense $1,064
  • Operating Expense $5,972
  • Gross Income $22,572

Property Details

Home Type

Multi-Family

Year Built

1923

Lot Details

6,273 Sq Ft Lot

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 111.16
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2393
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 2393
  • Stories: 1
  • Laundry: 220 Volt Outlet, In Some Units
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6250.00
  • Lot Size Area Min Search: 6250.00
  • Maximum Lot Size: 6250.00

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 11.32

Multi Family

  • Expense Maintenance: 3000
  • Expenses Total: 5972
  • Expense Trash: 1064
  • Income Annual Gross: 22572.00
  • Income Annual Rental: 22800
  • Income Gross Scheduled: 22800
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Fee - Property Tax
  • Owner Pays: Garbage
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 228
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2014
Closed on
Aug 20, 2014
Sold by
Smith Walters Darlene A and The Ollie Asberry Revocable Tr
Bought by
Smith Earl James
Seller's Agent
Joe Schembri
Coldwell Banker Realty
Buyer's Agent
Iztaccuauhtl Gonzalez
Anahuak Realty And Loans
List Price
$280,000
Sold Price
$266,000
Premium/Discount to List
-$14,000
-5%
Current Estimated Value
$601,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,464
Avg. Annual Appreciation
7.23%
Original Mortgage
$212,800
Outstanding Balance
$162,320
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$439,144

Purchase Details

Closed on
Jan 24, 2007
Sold by
Asberry Ollie B and Smith Ollie Blanch
Bought by
Asberry Ollie B and Ollie Asberry Revocable Trust
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
Smith Earl James $266,000 Fidelity National Title Co
Asberry Ollie B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Earl James $212,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2014 08/26/14 Sold $266,000 -5.0% $111 / Sq Ft
08/07/2014 08/07/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $280,000 -- $117 / Sq Ft
Source: MLSListings

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 $6,440 $319,681 $95,904 $223,777
2024 $6,440 $313,414 $94,024 $219,390
2023 $6,629 $307,268 $92,180 $215,088
2022 $6,334 $301,244 $90,373 $210,871
2021 $12,877 $295,338 $88,601 $206,737
2020 $5,826 $292,311 $87,693 $204,618
2019 $5,505 $286,582 $85,974 $200,608
2018 $5,390 $280,964 $84,289 $196,675
2017 $5,144 $275,455 $82,636 $192,819
2016 $4,925 $270,055 $81,016 $189,039
2015 $4,894 $266,000 $79,800 $186,200
2014 $1,962 $54,802 $25,601 $29,201
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81405454

MLSListings

APN: 044-4962-001-00

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