NOT LISTED FOR SALE
2 Beds
2 Baths
985 Sq Ft
4.51 Acre Lot

Sale Details

Date Sold: February 24, 2023

Last sale price $3,850,000 $3,909 Per Sq Ft

47 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Side by Side Parking
  • Union Mine High School Rated A-
  • Cul-De-Sac
  • Landscaped

About This Home

As of February 2023

575 Racquet Way is a newly constructed 12-unit Apartment property sitting on a 4.51 Acre Lot. The additional land is zoned multifamily and entitled for an additional 24 units. Plans are included in the sale. The current unit mix consists of 12, 2bedroom/2bathroom 980 SF apartment units and the plans for the new construction mirrors the existing site. Please Call, email or text me for a marketing package.

Last Agent to Sell the Property

Matthew Sarro

Collier's International License #01942991 Listed on: 12/01/2022

Last Buyer's Agent

Alek Vasiliu

Banyan Properties License #02104137

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • 4.51 Acre Lot
  • Cul-De-Sac
  • Landscaped
  • Corner Lot

Home Design

  • Slab Foundation
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring

Parking

  • 12 Parking Spaces
  • Side by Side Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Propane

Listing and Financial Details

  • Assessor Parcel Number 051-461-067

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 8 Units Leased Month-To-Month
  • Net Operating Income $155,683

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

4.51 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Class A Building
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 2021
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl

Exterior Features

  • Construction Materials: Concrete, Stucco, Other
  • Foundation: Slab
  • Listing Price: 4100000.00
  • Lot Features: Corner, Cul-De-Sac, Landscape Back, Landscape Front

Garage/Parking

  • Parking Features: Off Street, Side-by-Side
  • Total Parking Spaces: 12.00

Utilities

  • Security: Varies By Unit
  • Sewer: Sewer Connected
  • Utilities: Propane, Electric
  • Cooling: Central
  • Heating: Central, Other
  • Laundry Features: Washer/Dryer Owned
  • Water Source: Meter on Site, Other

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: El Dorado Union High

Lot Info

  • Zoning Description: MFR
  • Irrigation: Irrigation Available
  • Lot Size Acres: 4.5100
  • Lot Size Sq Ft: 196456.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Lease/Month to Month Mix
  • Total # Leasable: 12

Multi Family

  • Income Includes: Other
  • Number of Leased Units: 12
  • Number of Month to Month Units: 8
  • Number of Units: 12

Tax Info

  • Assessor Parcel Number: 051-461-067
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): El Dorado

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
02/24/2023 02/24/23 Sold $3,850,000 -6.1% $3,909 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
12/01/2022 12/01/22 For Sale $4,100,000 -- $4,162 / Sq Ft
Source: MetroList

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222145392

MetroList
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