NOT LISTED FOR SALE

Estimated Value: $428,000 - $556,000

7 Beds
6 Baths
2,945 Sq Ft
$167/Sq Ft Est. Value

Last Sold May 05, 2016

Last sale price $258,500 $88 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,970/month

24 Days on Market

Highlights

  • A-Frame Home
  • Double Pane Windows
  • 1-Story Property
  • No HOA
  • Central Heating and Cooling System

About This Home

As of May 2016

Great opportunity for turnkey investment. Large triplex, all are currently rented. Located in Lodi Unified School district. Each unit features master bedroom with bath ,fireplace,central Heat/Air, indoor laundry hookups and a 1 car garage.Tenants pay all utilities and with a possible Cap rate of 9% you cant go wrong.

Last Agent to Sell the Property

Efren Rivera

PMZ Real Estate License #01725501 Listed on: 03/11/2016

PMZ Real Estate

Co-Listed By

Darrell Isaacs

Genesis Real Estate Group License #00556614

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,492

Year Built

  • Built in 1980

Lot Details

  • 7,000

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • A-Frame Home
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Additional Features

  • 7,000 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity gas sewer trash collection water
  • Assessor Parcel Number 078-380-30

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,492

Year Built

Built in 1980

Lot Details

0

Parking

3

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1980
  • Architectural Style: A-Frame
  • Stories: 1
  • Number of Two Bedroom Units: 2
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet,Tile
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Lap Siding
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 269900.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Garage,1 Space Per Unit

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning Description: R-3
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000

Rental Info

  • Tenant Pays: Electricity,Gas,Sewer,Trash Collection,Water
  • Total # Leasable: 3

Multi Family

  • Gross Income: 28200
  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 078-380-30

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2016
Closed on
Apr 27, 2016
Sold by
Gogineni Narasimha R
Bought by
Boun Sam B and Boun Sokun T
Seller's Agent
Efren Rivera
PMZ Real Estate
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$269,900
Sold Price
$258,500
Premium/Discount to List
-$11,400
-4.22%
Current Estimated Value
$491,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,169
Avg. Annual Appreciation
7.07%
Original Mortgage
$180,950
Outstanding Balance
$146,204
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$341,902

Purchase Details

Listed on
Aug 13, 2013
Closed on
Oct 29, 2013
Sold by
Gogineni Manikyamba
Bought by
Gogineni Narasimha R
Seller's Agent
David Renison
Renison Realty
List Price
$179,000
Sold Price
$175,000
Premium/Discount to List
-$4,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.89%
Original Mortgage
$131,250
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2009
Sold by
Miles Clement and Miles Josephine
Bought by
Miles Clement and Miles Josephine
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
Boun Sam B $258,500 Old Republic Title Company
Gogineni Narasimha R -- Old Republic Title Company
Gogineni Narasimha R $175,000 Oldc Republic Title Compay
Miles Clement -- None Available
Miles Clement -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boun Sam B $180,950
Previous Owner Gogineni Narasimha R $131,250
Previous Owner Miles Clement G $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2016 05/05/16 Sold $258,500 -4.2% $88 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $269,900 +54.2% $92 / Sq Ft
11/06/2013 11/06/13 Sold $175,000 -2.2% --
10/03/2013 10/03/13 Pending -- -- --
08/13/2013 08/13/13 For Sale $179,000 -- --
Source: MetroList

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
2024 $3,492 $300,006 $98,648 $201,358
2023 $3,451 $294,124 $96,714 $197,410
2022 $3,292 $288,358 $94,818 $193,540
2021 $3,368 $282,705 $92,959 $189,746
2020 $3,288 $279,807 $92,006 $187,801
2019 $3,212 $274,321 $90,202 $184,119
2018 $3,155 $268,943 $88,434 $180,509
2017 $3,081 $263,670 $86,700 $176,970
2016 $2,052 $181,218 $36,244 $144,974
2015 $2,054 $178,496 $35,699 $142,797
2014 $2,022 $175,000 $35,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16014335

MetroList

APN: 078-380-30