NOT LISTED FOR SALE
22 Beds
1 Bath
8,200 Sq Ft
2.29 Acres

Last Sold February 01, 2018

Last sale price $4,150,000 $506 Per Sq Ft

71 Days on Market

Highlights

  • 2.29 Acre Lot
  • Engineered Wood Flooring
  • Fenced Yard
  • Petaluma Junior High School Rated A-

About This Home

As of February 2018

Holly Heights Village! 11 - 2 bed/1 bath units with excellent cash flow and upside potential. 5 detached houses and 3 duplexes. The houses on Holly Heights Dr. have an attached one-car garage & each duplex side has a covered car-port. Each unit has an oversized, fenced yard- note the useable property beyond the fenced yards. Consistent occupancy. Potential for family compound/group use. There is a tentative map for an 8 lot sub-division.

Last Agent to Sell the Property

Daphne Peterson

Keller Williams Realty License #01084804 Listed on: 09/26/2017

Keller Williams Realty

Co-Listed By

Shanna Ponce

Inactive Office License #01819753

Last Buyer's Agent

Deb Cheda

Livxplore Real Estate & Lifest License #01237719

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 2.29 Acre Lot
  • Fenced Yard

Parking

  • 5 Car Garage
  • 6 Carport Spaces

Home Design

  • 8,200 Sq Ft Home
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Tar and Gravel Roof

Flooring

  • Engineered Wood
  • Carpet

Laundry

  • Laundry in unit

Utilities

  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 019-070-044-000

Community Details

Overview

  • 8 Buildings
  • 11 Units

Building Details

  • Gross Income $296,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

5

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Directions To Property: From Downtown Petaluma, head West on Bodega Ave. Front house is 998 Bodega at Holly Heights.
  • Lot Size Acres: 2.2900
  • CapRate: 4.90
  • Actual or Scheduled: Actual
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet, LVYN, Simulated Wood
  • Price Per Square Foot: 506.10
  • Square Footage: 8200
  • NumberOfBuildings: 8

Exterior Features

  • Foundation: Concrete Perimeter, Pillar/Post/Pier
  • Roof: Shingle, Tar/Gravel
  • ExteriorFeatures: Fenced Yard, Yard Space

Garage/Parking

  • Parking Features: Carport
  • Carport Spaces: 6
  • Garage Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: PGEE
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: In Each Unit
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 019-070-044-000
  • Lot Size Sq Ft: 99752

Rental Info

  • TenantPays: Cable TV, Electricity, Gas, Trash Collection

Building Info

  • Year Built: 1966

Multi Family

  • Two Bedroom Rent Range: $2100 to $2400
  • NumberOfUnitsTotal: 11

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2018 02/01/18 Sold $4,150,000 0.0% $506 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
09/26/2017 09/26/17 For Sale $4,150,000 +76.6% $506 / Sq Ft
11/30/2015 11/30/15 Sold $2,350,000 0.0% $287 / Sq Ft View Prior Sale
10/30/2015 10/30/15 Pending -- -- --
09/01/2015 09/01/15 For Sale $2,350,000 -- $287 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $49,867 $4,721,987 $1,877,416 $2,844,571
2024 $49,867 $4,629,400 $1,840,604 $2,788,796
2023 $49,867 $4,538,628 $1,804,514 $2,734,114
2022 $48,765 $4,449,636 $1,769,132 $2,680,504
2021 $47,834 $4,362,390 $1,734,444 $2,627,946
2020 $48,217 $4,317,660 $1,716,660 $2,601,000
2019 $47,613 $4,233,000 $1,683,000 $2,550,000
2018 $28,009 $2,444,940 $572,220 $1,872,720
2017 $27,415 $2,397,000 $561,000 $1,836,000
2016 $26,798 $2,350,000 $550,000 $1,800,000
2015 $3,554 $299,980 $147,990 $151,990
2014 $3,537 $294,105 $145,092 $149,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21722873

Bay Area Real Estate Information Services (BAREIS)

APN: 019-070-044