NOT LISTED FOR SALE

Estimated Value: $465,513 - $595,000

7 Beds
4 Baths
-- Sq Ft
9,640 Sq Ft Lot

Last Sold August 12, 2021

Last sale price $450,000

Est. 18% increase in value since last sale

Current estimated payment $3,392/month

20 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Private Yard
  • Cul-De-Sac
  • Lincoln High School Rated A-
  • No HOA
  • Fireplace

About This Home

As of August 2021

Tremendous triplex investment opportunity. 1-3br unit and 2-2br units. Fully rented at below market rents with good upside potential. Quiet cul-de-sac location. Two of the units have their own yard, plus a common yard in front. All units have a 1-car garage + 1-car driveway parking. The 3br unit is large, with a fireplace and attached garage. Washer dryer hookups in ALL units. Located in desirable Lincoln School District. DRIVE-BY ONLY. PLEASE DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Michael Derylo

Inter-Lynk Financial Services License #00586045 Listed on: 07/17/2021

Last Buyer's Agent

Van Kieu Nguyen

ArchWay Real Estate License #01406031

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,677

Year Built

  • Built in 1975

Lot Details

  • 9,640 Sq Ft Lot
  • Cul-De-Sac
  • Irregular Lot
  • Private Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Off-Street Parking

Home Design

  • Triplex
  • Midcentury Modern Architecture
  • Garden Apartment
  • Concrete Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Fire and Smoke Detector
  • Free-Standing Electric Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 075-321-06

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • 2 Units Leased Month-To-Month
  • Insurance Expense $1,270
  • Operating Expense $8,947
  • Net Operating Income $23,813

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,677

Year Built

Built in 1975

Lot Details

0

Parking

3

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Garden Apartments
  • Property Subtype 1: Triplex
  • Stories: 1
  • Year Built: 1975
  • Architectural Style: Mid-Century
  • Levels: One
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Refrigerator, Free Standing Electric Range
  • Flooring: Carpet, Tile, Vinyl, Varies by Unit
  • Price Per Square Foot: 139.19

Exterior Features

  • Construction Materials: Frame, Wood
  • Disclosures/Documents: Rental/Lease Agmts
  • Exterior Features: Yard Space
  • Foundation: Concrete
  • Listing Price: 449900.00
  • Lot Features: Cul-De-Sac, Shape Irregular
  • Patio And Porch Features: Varies by Unit, Enclosed Patio
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Off Street, Garage
  • Total Parking Spaces: 6

Utilities

  • Security: Smoke Detector
  • Sewer: In & Connected, Public Sewer
  • Utilities: All Electric, Cable Available, City, Internet Available
  • Cooling: Central
  • Heating: Central, Fireplace(s)
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Public
  • Utilities Expenses: 5000
  • Separate Meters: Electricity,Water

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Lincoln Unified

Lot Info

  • Zoning Description: R2
  • Irrigation: None
  • Lot Size Acres: 0.2213
  • Lot Size Sq Ft: 9640

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: Lease/Month to Month Mix
  • Total # Leasable: 3

Multi Family

  • Gross Income: 32760
  • Operating Expense: 8947
  • Income Includes: Rent Only
  • Insurance Expense: 1270
  • Number of Leased Units: 1
  • Number of Month to Month Units: 2
  • Number of Units: 3
  • Units Furnished: None
  • Two Bedroom Annual Occupancy: 100
  • Three Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 2
  • Three Bedrooms Occupied: 1
  • Two Bedroom Rent Range: 880-900
  • Three Bedroom Rent Range: 950

Tax Info

  • Assessor Parcel Number: 075-321-06
  • Current RE Taxes: 2677
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2021
Closed on
Aug 9, 2021
Sold by
Derylo Michael
Bought by
Nguyen Annie
Seller's Agent
Michael Derylo
Inter-Lynk Financial Services
Buyer's Agent
Van Kieu Nguyen
ArchWay Real Estate
List Price
$491,900
Sold Price
$450,000
Premium/Discount to List
-$41,900
-8.52%
Current Estimated Value
$532,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,128
Avg. Annual Appreciation
4.88%

Purchase Details

Closed on
Jul 10, 2011
Sold by
R4 Advisors Llc
Bought by
Derylo Michael

Purchase Details

Closed on
Nov 2, 2010
Sold by
Harger Bradley Leland
Bought by
R4 Advisors Llc

Purchase Details

Closed on
Mar 22, 2002
Sold by
Harger Bettina Jo
Bought by
Harger Sidney R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.99%

Purchase Details

Closed on
Mar 13, 2002
Sold by
Bacon Robert L and Harger Sidney R
Bought by
Harger Bradley Leland

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.99%

Purchase Details

Closed on
Jul 28, 2001
Sold by
Bacon Robert L
Bought by
Bacon Robert L and Harger Sidney R

Purchase Details

Closed on
Jul 28, 2000
Sold by
Bacon Robert L
Bought by
Bacon Robert L and Harger Sidney R

Purchase Details

Closed on
Nov 12, 1997
Sold by
Ross Morton J and Ross Sylvia A
Bought by
Bacon Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,792
Interest Rate
7.23%
Mortgage Type
FHA
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
Nguyen Annie $450,000 Chicago Title Company
Derylo Michael $151,000 Chicago Title Company
R4 Advisors Llc $120,000 None Available
Harger Sidney R -- Fidelity National Title Ins
Harger Bradley Leland $215,000 Fidelity National Title Co
Harger Sidney R -- Fidelity National Title Co
Bacon Robert L -- --
Bacon Robert L $140,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner R4 Advisors Llc $94,000
Previous Owner Harger Bradley Leland $95,000
Previous Owner Harger Bradley Leland $60,000
Previous Owner Harger Bradley Leland $252,000
Previous Owner Harger Bradley Leland $172,000
Previous Owner Bacon Robert L $142,792
Closed Harger Bradley Leland $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $450,000 -8.5% --
08/06/2021 08/06/21 Pending -- -- --
07/17/2021 07/17/21 For Sale $491,900 -- --
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 $5,915 $468,180 $93,636 $374,544
2023 $5,876 $459,000 $91,800 $367,200
2022 $2,723 $178,721 $53,260 $125,461
2021 $2,695 $175,217 $52,216 $123,001
2020 $2,693 $173,421 $51,681 $121,740
2019 $2,661 $170,021 $50,668 $119,353
2018 $2,603 $166,688 $49,675 $117,013
2017 $2,561 $163,420 $48,701 $114,719
2016 $2,541 $160,215 $47,746 $112,469
2014 $2,490 $154,719 $46,108 $108,611
Source: Public Records

Agents Affiliated with this Home

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Source: MetroList

MLS Number: 221086262

MetroList

APN: 075-321-06