NOT LISTED FOR SALE

Estimated Value: $405,631

2 Beds
1 Bath
899 Sq Ft
$451/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2022

Last sale price $375,000 $417 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,474 / mo

2 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.26 Acre Lot
  • Wall Furnace
  • Paso Robles High School Rated A-
  • Laundry Room
  • 5-minute walk to San Miguel Community Park

About This Home

As of September 2022

Looking for the next great investment? Well, here it is! This great property offers endless possibilities for the right savvy buyer or investor. This property is currently a residential rental property with 2 bedrooms and one bathroom situated on a commercial lot. So with the right plans and vision, this high-visibility property would be a great location for a new business in the growing city of San Miguel, CA. As San Miguel continues to grow, your business can begin to establish a strong presence in the community. This location can't get any better as you will have freeway visibility, alley access for deliveries, and possibly a drive through and you will be amongst many successful local businesses at this busy intersection. Don't wait too long, as this property has lots of potential and won't last long! The highest and best use for the property may be Commercial, so please confirm with your agent and county regarding your plans for the development of this property.

Last Agent to Sell the Property

Gerson Mendez

RE/MAX Parkside Real Estate License #01882316 Listed on: 07/26/2022

RE/MAX Parkside Real Estate

Co-Listed By

Guadalupe Mendez

RE/MAX Parkside Real Estate License #01892897

Last Buyer's Agent

John Walker

W Property Group License #01879971

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 11,450 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Density is up to 1 Unit/Acre

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Unpaved Parking

Home Design

  • 899 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Propane Dryer Hookup

Utilities

  • Wall Furnace
  • Propane

Listing and Financial Details

  • Assessor Parcel Number 021322003
  • $1,955 per year additional tax assessments

Community Details

Overview

  • 2 Buildings

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Water Meter
  • Insurance Expense $393
  • Trash Expense $360
  • Water Sewer Expense $2,252
  • Operating Expense $3,005
  • Net Operating Income $13,195

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0.26 Acres

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2252.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 021322003
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 417.13
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Unpaved
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Propane, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Propane Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11450.00
  • Lot Size Acres: 0.2629

Multi Family

  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 393.00
  • Lot Size Area: 11450.0000 Square Feet
  • Net Operating Income: 13195.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 3005.00
  • Rent Control: No
  • Total Expenses: 3005.00

Tax Info

  • Tax Census Tract: 100.16
  • TaxOtherAnnualAssessmentAmount: 1955.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2022
Closed on
Aug 3, 2022
Sold by
Alberto E Rodriguez Revocable Trust
Bought by
Martinez Octavio Garcia and Garcia Reyna
Seller's Agent
Gerson Mendez
RE/MAX Parkside Real Estate
Buyer's Agent
John Walker
W Property Group
List Price
$375,000
Sold Price
$375,000
Views
6
Current Estimated Value
$405,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,631
Avg. Annual Appreciation
2.22%
Original Mortgage
$300,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2008
Sold by
Rodriguez Alberto
Bought by
Rodriguez Alberto E

Purchase Details

Closed on
Dec 22, 2004
Sold by
Roth Albert A
Bought by
Roth Albert A

Purchase Details

Closed on
Aug 26, 1999
Sold by
Schmitz Lynne
Bought by
Schmitz Andrew J and Schmitz Lynne B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 1999
Sold by
Schmitz Andrew A and Schmitz Lynne B
Bought by
Roth Albert A and Rodriguez Alberto Estrada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martinez Octavio Garcia $375,000 Fidelity National Title
Rodriguez Alberto E -- None Available
Rodriguez Alberto -- None Available
Roth Albert A -- None Available
Rodriguez Alberto E -- None Available
Schmitz Andrew J -- Fidelity National Title Co
Roth Albert A $68,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Octavio Garcia $300,000
Previous Owner Roth Albert A $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2022 09/28/22 Sold $375,000 0.0% $417 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/26/2022 07/26/22 For Sale $375,000 -- $417 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,055 $390,150 $228,888 $161,262
2024 $4,059 $382,500 $224,400 $158,100
2023 $4,059 $375,000 $220,000 $155,000
2022 $1,992 $170,277 $108,889 $61,388
2021 $1,955 $166,939 $106,754 $60,185
2020 $1,936 $165,228 $105,660 $59,568
2019 $1,900 $161,989 $103,589 $58,400
2018 $1,865 $158,813 $101,558 $57,255
2017 $1,925 $155,700 $99,567 $56,133
2016 $1,863 $152,648 $97,615 $55,033
2015 $1,831 $150,356 $96,149 $54,207
2014 $1,765 $147,412 $94,266 $53,146
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS22162451

California Regional Multiple Listing Service (CRMLS)

APN: 021-322-003

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