NOT LISTED FOR SALE

Estimated Value: $587,000 - $708,002

6 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold August 16, 2021

Last sale price $675,000

Est. 5% decrease in value since last sale

Current estimated payment $4,215/month

30 Days on Market

Highlights

  • Gated Community
  • 0.25 Acre Lot
  • No HOA
  • Downtown View
  • Contemporary Architecture
  • Covered Patio or Porch

About This Home

As of August 2021

Remodeled & Custom Designed. This small community of Four units are completely set back behind an electronic gate. all Tenants LOVE their community. Enclosed breezeway offers a Private entry way for 3 units 2 upstairs/1 DOWN Unit enters thru a privacy gate covered patio & front entry to a darling apartment. Sliding glass door access to the patio. Upstairs units have privacy balconies. Interiors completely renovated several years ago including granite, cabinets, ceiling fans, appliances & baths. Guest parking & behind-the-gate private parking for all tenants to create more security. Call for information on who to contact at city of Stockton for adding 2 adu possibilities to the Large vacant lot 39X61 at the back. OR Create landscaping & park area or extra parking, This is an investment you would never want to sell. A wonderful four-flex to have in your portfolio Why not try VA or FHA finance

Last Agent to Sell the Property

Nita Bennett

Bennett Realtors License #00846466 Listed on: 06/15/2021

Co-Listed By

Shelly Sherman

Bennett Realtors License #01164605

Last Buyer's Agent

Carolyn McConnell

Coldwell Banker Realty License #00694292

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,438

Year Built

  • Built in 1983

Lot Details

  • 0.25 Acre Lot
  • Irregular Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Window Screens
  • Tile Flooring
  • Downtown Views

Kitchen

  • Free-Standing Electric Oven
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 137-190-31

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Units Leased Month-To-Month
  • Insurance Expense $1,616
  • Maintenance Expense $2,115
  • Operating Expense $3,340
  • Net Operating Income $32,011

Additional Features

  • Coin Laundry
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,438

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1983
  • Architectural Style: Contemporary
  • Levels: Two
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Dishwasher, Free Standing Electric Oven, Free Standing Electric Range
  • Flooring: Tile
  • Price Per Square Foot: 172.19
  • Window Features: Dual Pane Full, Window Coverings, Window Screens, Varies by Unit

Exterior Features

  • Construction Materials: Frame
  • Disclosures/Documents: Natural Hazard Disclosure Available, Preliminary Title Report
  • Foundation: Slab
  • Listing Price: 675000.00
  • Lot Features: Shape Irregular, Other
  • Patio And Porch Features: Balcony/Deck, Covered Patio
  • View Description: City, Downtown

Garage/Parking

  • Open Parking Spaces: 6
  • Parking Features: Off Street, Uncovered, Guest Parking Available
  • Total Parking Spaces: 6
  • Guest Spaces: 2

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector, Unguarded Gate
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, Cable Available
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area
  • Water Source: Public
  • Utilities Expenses: 5580

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: 0000
  • Irrigation: Other
  • Lot Size Acres: 0.2525
  • Lot Size Sq Ft: 10999

Rental Info

  • Tenant Pays: Electricity
  • Lease Deposit: 4750
  • Total # Leasable: 4

Multi Family

  • Gross Income: 53100
  • Operating Expense: 3340
  • Income Includes: Coin Operated Equipment,Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 1616
  • Maintenance Expense: 2115
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None
  • One Bedroom Annual Occupancy: 100
  • Two Bedroom Annual Occupancy: 100
  • One Bedrooms Occupied: 2
  • Two Bedrooms Occupied: 2
  • 1 Bedroom Rent Range: $900-$1150
  • Two Bedroom Rent Range: $1150-$1200

Tax Info

  • Assessor Parcel Number: 137-190-31
  • Current RE Taxes: 8438
  • County Transfer Tax Rate: 1.10
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2024
Sold by
Cruz Jesse L and Moreno Vivian T
Bought by
Jesse Cruz And Vivian Moreno Living Trust and Cruz
Current Estimated Value
$639,805

Purchase Details

Listed on
Jun 15, 2021
Closed on
Aug 9, 2021
Sold by
5 Star Or Llc
Bought by
Cruz Jesse L and Moreno Vivian T
Seller's Agent
Nita Bennett
Bennett Realtors
Buyer's Agent
Carolyn McConnell
Coldwell Banker Realty
List Price
$725,000
Sold Price
$675,000
Premium/Discount to List
-$50,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.73%
Original Mortgage
$506,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2011
Sold by
Jpmorgan Chase Bank Na
Bought by
5 Star Or Llc

Purchase Details

Closed on
Sep 4, 2007
Sold by
Gregory Walter and Gregory Sherri
Bought by
Chase Home Finance Llc

Purchase Details

Closed on
Oct 20, 2006
Sold by
Stoute Patrick
Bought by
The Genesis Project

Purchase Details

Closed on
Jul 9, 2002
Sold by
Gregory Walter
Bought by
Stoute Patrick

Purchase Details

Closed on
Apr 4, 1997
Sold by
Hill Howard W and Hill Katherine
Bought by
Chase Mtg Services Inc and Chase Manhattan Mtg Corp
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Jesse Cruz And Vivian Moreno Living Trust -- None Listed On Document
Cruz Jesse L $675,000 Old Republic Title Company
5 Star Or Llc $102,000 First American Title Company
Chase Home Finance Llc $110,942 Accommodation
The Genesis Project -- None Available
Stoute Patrick $115,000 --
Chase Mtg Services Inc $119,659 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cruz Jesse L $506,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $675,000 -6.9% --
07/15/2021 07/15/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $725,000 -- --
Source: MetroList

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
2024 $8,748 $702,270 $213,282 $488,988
2023 $1,795 $132,842 $24,625 $108,217
2022 $1,689 $130,239 $24,143 $106,096
2021 $1,624 $127,686 $23,670 $104,016
2020 $1,654 $126,378 $23,428 $102,950
2019 $1,648 $123,901 $22,969 $100,932
2018 $1,617 $121,472 $22,519 $98,953
2017 $1,535 $119,091 $22,078 $97,013
2016 $1,560 $116,756 $21,645 $95,111
2014 $1,479 $112,750 $20,902 $91,848
Source: Public Records

Agents Affiliated with this Home

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Source: MetroList

MLS Number: 221068516

MetroList

APN: 137-190-31