NOT LISTED FOR SALE

Stockton, CA 95203

Downtown Stockton Neighborhood

Estimated Value: $344,000 - $391,292

2 Beds
2 Baths
1,412 Sq Ft
$262/Sq Ft Est. Value

Last Sold April 20, 2021

Last sale price $315,000 $223 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,255/month

Highlights

  • City View
  • Floor Furnace
  • 1-Story Property
  • No HOA

About This Home

As of April 2021

Calling all Investors! Excellent investment opportunity with fully occupied duplex with long term tenants. Residents would LOVE to stay! This darling 1920's era duplex is located in a neighborhood amidst many single family homes, close to prestigious UOP with tree lined streets. Each home has 1 bedroom and 1 bath and each unit equipped with own laundry space and has detached garage with plenty of parking. Easy access to I-5. Do not disturb occupants. Due to Covid 19, interior showing will be arranged once offer is accepted.

Last Agent to Sell the Property

Margaret Lunde

Apple Real Estate Group Inc License #01944208 Listed on: 02/24/2021

Co-Listed By

Lorie Gardner

Apple Real Estate Group Inc License #01874319

Last Buyer's Agent

Veronica Ramirez Alba

HomeSmart PV and Associates License #01939663

HomeSmart PV and Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,600

Year Built

  • Built in 1923

Lot Details

  • 5,049 Sq Ft Lot

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Window Screens
  • City Views
  • Free-Standing Gas Oven
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Security Deposit $1,100
  • Assessor Parcel Number 135-430-27

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month
  • Insurance Expense $854
  • Maintenance Expense $1,200
  • Professional Management Expense $1,560
  • Net Operating Income $15,378

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,600

Year Built

Built in 1923

Lot Details

5,049 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Duplex
  • Year Built: 1923
  • Architectural Style: Ranch
  • Levels: One
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven
  • Flooring: Carpet,Linoleum
  • Basement: Unfinished
  • Window Features: Window Screens

Exterior Features

  • Construction Materials: Frame,Lap Siding,Wood Siding
  • Disclosures/Documents: Preliminary Title Report,Rental/Lease Agmts,Seller Property Questionnaire,Estoppel Certificate,Structural Pest Control Report,Transfer Disclosure Statement,Natural Hazard Disclosure Available
  • Foundation: Concrete,Raised
  • Listing Price: 275000.00
  • Lot Features: Corner,Sidewalk
  • Roof: Composition
  • View Description: City

Garage/Parking

  • Open Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Detached,Street,Garage
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Mon Detector,Double Strapped Water Heater,Smoke Detector
  • Sewer: Sewer Connected,Public Sewer
  • Utilities: Natural Gas Connected
  • Cooling: Window Unit(s)
  • Electric: 220 Volts
  • Heating: Floor Furnace
  • Laundry Features: In Each Unit,Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No
  • Floors: 1

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: R-2
  • Irrigation: None
  • Lot Size Acres: 0.1159
  • Lot Size Sq Ft: 5049

Rental Info

  • Total Deposit: 1100
  • Lease Deposit: 1100
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 854
  • Maintenance Expense: 1200
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • One Bedrooms Occupied: 2
  • Gross Income Multiplier: 13.355

Tax Info

  • Assessor Parcel Number: 135-430-27
  • Current RE Taxes: 1600
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2021
Closed on
Apr 15, 2021
Sold by
Marquez Cristina
Bought by
Ospina Andres
Seller's Agent
Margaret Lunde
Apple Real Estate Group Inc
Buyer's Agent
Veronica Ramirez Alba
HomeSmart PV and Associates
List Price
$275,000
Sold Price
$315,000
Premium/Discount to List
$40,000
14.55%
Current Estimated Value
$369,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,323
Avg. Annual Appreciation
3.31%
Original Mortgage
$236,250
Outstanding Balance
$213,305
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$156,018
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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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
Ospina Andres -- First American Title
Ospina Andres $315,000 Allied Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ospina Andres $236,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2021 04/20/21 Sold $315,000 +14.5% $223 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $275,000 -- $195 / Sq Ft
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 $4,263 $340,963 $81,181 $259,782
2024 $4,196 $334,279 $79,590 $254,689
2023 $4,102 $327,726 $78,030 $249,696
2022 $4,004 $321,300 $76,500 $244,800
2021 $1,569 $126,453 $49,980 $76,473
2020 $1,599 $125,157 $49,468 $75,689
2019 $1,592 $122,704 $48,499 $74,205
2018 $1,563 $120,299 $47,549 $72,750
2017 $1,481 $117,941 $46,617 $71,324
2016 $1,508 $115,628 $45,703 $69,925
2014 $1,432 $90,000 $22,000 $68,000
Source: Public Records

Agents Affiliated with this Home

  • Margaret Lunde

    Seller's Agent in 2021

    Margaret Lunde

    Apple Real Estate Group Inc

    (916) 690-1530

    1 in this area

    11 Total Sales

    Margaret Lunde
    Section Image

  • L

    Seller Co-Listing Agent in 2021

    Lorie Gardner

    Apple Real Estate Group Inc

    Section Image
  • Veronica Ramirez Alba

    Buyer's Agent in 2021

    Veronica Ramirez Alba

    HomeSmart PV and Associates

    (209) 923-3246

    2 in this area

    63 Total Sales

    Veronica Ramirez Alba
    Section Image
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Source: MetroList

MLS Number: 221009004

MetroList

APN: 135-430-27

California San Joaquin County Stockton 95203

Downtown Stockton

Not Listed for Sale

MultiFamily

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