NOT LISTED FOR SALE

957 Cornell Ave Albany, CA 94706

Estimated Value: $1,467,316 - $1,883,000

Studio
4 Baths
-- Sq Ft
5,001 Sq Ft Lot

Last Sold March 01, 2022

Last sale price $1,625,000

Est. 1% decrease in value since last sale

Current estimated payment $10,903/month

11 Days on Market

Highlights

  • No HOA
  • Fenced Yard
  • Landscaped
  • Albany Middle School Rated A
  • 3 Car Attached Garage
  • Central Heating

About This Home

As of March 2022

Amazing investment opportunity to own a multi family home in Albany with great income potential! Great location, great schools and walking distance to Solano Shops and restaurants. The 3 units consist of a 3 bedroom, 2 bath downstairs unit with its own backyard plus 2 units upstairs that have 2 bedrooms and 1 bathroom. Each unit has its own covered garage parking plus the units have a secured on site laundry room.

Last Agent to Sell the Property

Tim Leingang

Granite Equity Group License #01801613 Listed on: 10/21/2021

Last Buyer's Agent

ROMAN FAN

KORMAN & NG License #01738033

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Parking

  • 3 Car Attached Garage

Home Design

  • Triplex
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 6526-5628

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • #4 Regents Park Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 1 Vacant Unit
  • 2 Units Leased Month-To-Month
  • Insurance Expense $1,509
  • Maintenance Expense $900
  • Professional Management Expense $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

5,000 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Flats
  • Property Subtype 1: Triplex
  • Stories: 2
  • Year Built: 1968
  • Stories: 2
  • Subdivision: #4 Regents Park
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 500.62

Exterior Features

  • Construction Materials: Frame
  • Disclosures/Documents: Disclosure Package Available, Home Inspection Report, Natural Hazard Disclosure Available, Preliminary Title Report, Seller Property Questionnaire, Sewer or Septic Report, Structural Pest Control Report, Transfer Disclosure Statement
  • Exterior Features: Fenced Yard
  • Foundation: Slab
  • Listing Price: 1450000.00
  • Lot Features: Landscape Back, Landscape Front
  • Property Condition: Original

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Security: Smoke Detector
  • Sewer: In & Connected, Public Sewer
  • Utilities: Electric
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: In Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Albany City Unified

Lot Info

  • Zoning Description: Res
  • Irrigation: Public District
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000.00

Rental Info

  • Lease Term: Month To Month
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1509
  • Maintenance Expense: 900
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 3
  • Number of Vacant Units: 1
  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 2
  • Two Bedroom Rent Range: $1995-$2000
  • Three Bedroom Rent Range: 2900

Tax Info

  • Assessor Parcel Number: 6526-5628
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Alameda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Feb 24, 2022
Sold by
Latimer Douglas Hugh and Latimer La Candance
Bought by
Lee Eugene and Lee Deanna
Seller's Agent
Tim Leingang
Granite Equity Group
Buyer's Agent
ROMAN FAN
KORMAN & NG
List Price
$1,450,000
Sold Price
$1,625,000
Premium/Discount to List
$175,000
12.07%
Current Estimated Value
$1,605,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,421
Avg. Annual Appreciation
-0.30%
Original Mortgage
$1,218,750
Outstanding Balance
$1,133,854
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$471,725

Purchase Details

Closed on
Dec 7, 2010
Sold by
Latimer Douglas and Latimer Candance
Bought by
Latimer Douglas Hugh and Latimer Candace Lee

Purchase Details

Closed on
Nov 3, 2010
Sold by
Latimer Douglas and Mary C Latimer Revocable 2003
Bought by
Latimer Douglas and Latimer Candance

Purchase Details

Closed on
Apr 3, 2003
Sold by
Latimer Mary C
Bought by
Latimer Mary C and Mary C Latimer Revocable 2003
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lee Eugene $1,625,000 Chicago Title
Latimer Douglas Hugh -- None Available
Latimer Douglas -- None Available
Latimer Mary C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Eugene $1,218,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2022 03/01/22 Sold $1,625,000 0.0% --
03/01/2022 03/01/22 Off Market $1,625,000 -- --
11/01/2021 11/01/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $1,450,000 -- --
Source: MetroList

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 $30,585 $1,724,450 $517,335 $1,207,115
2024 $30,585 $1,690,650 $507,195 $1,183,455
2023 $28,897 $1,657,500 $497,250 $1,160,250
2022 $7,841 $134,694 $58,683 $76,011
2021 $7,661 $132,054 $57,533 $74,521
2020 $7,434 $130,700 $56,943 $73,757
2019 $7,232 $128,138 $55,827 $72,311
2018 $7,073 $125,625 $54,732 $70,893
2017 $6,879 $123,162 $53,659 $69,503
2016 $6,653 $120,748 $52,607 $68,141
2015 $6,497 $118,934 $51,817 $67,117
2014 $6,858 $116,604 $50,802 $65,802
Source: Public Records

Agents Affiliated with this Home

  • Tim Leingang

    Seller's Agent in 2022

    Tim Leingang

    Granite Equity Group

    (916) 402-7152

    49 Total Sales

    Tim Leingang
    Section Image

  • R

    Buyer's Agent in 2022

    ROMAN FAN

    KORMAN & NG

See All Agents

Map

Source: MetroList

MLS Number: 221133921

MetroList

APN: 065-2656-028-00

California Alameda County Albany 94706

957 Cornell Ave, Albany, CA

Not Listed for Sale

MultiFamily

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