NOT LISTED FOR SALE
8 Beds
5 Baths
2,560 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: December 20, 2021

Last sale price $870,000 $340 Per Sq Ft

11 Days on Market

About This Home

As of December 2021

Best deal in town! 172-196 Locust is a fantastic investment opportunity located near the new Vista Hill Community Park. The property is a triplex consisting of one 2bed/1bath unit and two 3bed/2ba units. There is plenty of off street parking in the back as well as a fenced off front yard area. Current rents are below market rent , allowing the new owner an even greater return. Don't let this deal pass you by!

Last Agent to Sell the Property

Jake Stanfill

North Coast Commercial, Inc. License #01914043 Listed on: 11/03/2021

Last Buyer's Agent

Sean Poudrier

Coldwell Banker Realty License #01932326

Coldwell Banker Realty
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Property Details

Home Type

  • Apartment

Lot Details

  • 5,227

Property Details

Home Type

Apartment

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Sub Type: Triplex
  • Number of Three Bedroom Units: 2
  • CapRate: 4.99
  • Directions: Southbound: San Felipe road south, west on Fourth St, north on Locust Ave, property on the west side of the street. Northbound: San Benito St north, west on Fourth St, north on Locust Ave, property on west side of the street.
  • Professional Management Expense: 3564
  • Building Stories: 2
  • Year Built Details: Unknown
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Free Standing Gas Oven, Disposal
  • Flooring: Tile, Vinyl, Wood
  • Number Of Buildings: 2
  • Stories: 2
  • Window Features: Dual Pane Full

Exterior Features

  • Exterior Features: Fenced Yard
  • Foundation Details: Concrete, Slab
  • Construction Type: Concrete, Stucco
  • Lot Features: Corner

Garage/Parking

  • Parking Features: Off Street, Carport
  • Total Parking Spaces: 6.00

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Floor Furnace
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Security: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: All Electric
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Other

Lot Info

  • Lot Size Sq Ft: 5401.00
  • Zoning Description: R-3

Rental Info

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

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Annual Gross Income: 61200
  • Income Includes: Rent Only
  • Insurance Expense: 1000
  • Maintenance Expense: 1000
  • Number Of Units Leased: 3
  • Number of Month to Month Units: 3
  • Number Of Units Total: 3

MLS Schools

  • School District (County): San Benito

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
6.94%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 3, 2021
Closed on
Dec 1, 2021
Sold by
Bought by
Seller's Agent
Jake Stanfill
North Coast Commercial, Inc.
Buyer's Agent
Sean Poudrier
Coldwell Banker Realty
List Price
$795,000
Sold Price
$870,000
Premium/Discount to List
$75,000
9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$783,000
Interest Rate
3.09%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Lawyers Title
$1,250,000 First American Title
$870,000 First American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $892,500
Closed $720,000
Previous Owner $423,000
Previous Owner $783,000
Previous Owner $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/20/2021 12/20/21 Sold $870,000 +9.4% $340 / Sq Ft
11/14/2021 11/14/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $795,000 -- $311 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,583 $1,242,359 $426,074 $816,285
2023 $15,583 $1,250,000 $420,000 $830,000
2022 $10,880 $870,000 $350,000 $520,000
2021 $944 $72,500 $11,743 $60,757
2020 $949 $71,758 $11,623 $60,135
2019 $923 $70,352 $11,396 $58,956
2018 $903 $68,973 $11,173 $57,800
2017 $892 $67,621 $10,954 $56,667
2016 $825 $66,296 $10,740 $55,556
2015 $818 $65,301 $10,579 $54,722
2014 $771 $64,023 $10,372 $53,651
Source: Public Records

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Map

Source: MetroList

MLS Number: 221136904

MetroList
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