NOT LISTED FOR SALE

Estimated Value: $827,000 - $1,074,000

4 Beds
4 Baths
1,977 Sq Ft
$502/Sq Ft Est. Value

Last Sold November 26, 2019

Last sale price $850,000 $430 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,428/month

83 Days on Market

Highlights

  • Granite Countertops
  • Tandem Parking
  • Tile Flooring
  • Santa Rosa High School Rated A-
  • Walk-In Closet
  • Washer and Dryer

About This Home

As of November 2019

Here's a great property in a great location! 4 well-maintained units with great rental history. Centrally located near the Jr College & downtown for easy commutes makes this popular with tenants. In front, the 2-bedroom/1 bath house has large double-pained windows, inside laundry, garage, and fenced front & back yards. The legal triplex in the rear has two 1-bedrooms and 1 studio apartment. Each apartment has a private patio, 2 off-street parking spaces, & a storage closet in the carport.

Last Listed By

Debra Alexander

David Lyng Real Estate License #01765931 Listed on: 08/01/2019

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,661

Year Built

  • 1974

Lot Details

  • 7,331 Sq Ft Lot

Parking

  • 1 Car Garage
  • 6 Carport Spaces
  • Tandem Parking
  • On-Street Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 1,977 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Granite Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $61,580

Community Details

Overview

  • 1,977 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,317
  • Maintenance Expense $3,978
  • Manager Expense $4,137
  • Utility Expense $1,752
  • Operating Expense $20,878
  • Gross Income $61,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,661

Year Built

1974

Lot Details

0

Parking

1

Listing Details

  • Zoning: CITYSR
  • Subclass: Fourplex
  • Age: 45
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Countertop - Formica, Countertop - Granite
  • Living Sq Ft: 1977
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Attached Garage, Carport, On Street, Tandem Parking
  • Carport Min: 6

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Santa Rosa High

Lot Info

  • Lot Acres: 0.1683
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7332.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7332.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 13.80
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1317
  • Expense Landscape: 720
  • Expense Maintenance: 3978
  • Expense Management: 4137
  • Expenses Total: 20878
  • Expenses Utility: 1752
  • Income Annual Gross: 61580.00
  • Income Annual Rental: 61580
  • Income Gross Scheduled: 61580
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Maintenance - Repair, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2019
Closed on
Dec 19, 2019
Sold by
Tenir Llc
Bought by
Jjad Llc
Seller's Agent
Debra Alexander
David Lyng Real Estate
Buyer's Agent
Mark Vieira
Vieira Investments, Inc
List Price
$915,000
Sold Price
$850,000
Premium/Discount to List
-$65,000
-7.1%
Total Days on Market
83
Current Estimated Value
$992,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,596
Avg. Annual Appreciation
4.29%

Purchase Details

Listed on
Aug 1, 2019
Closed on
Nov 18, 2019
Sold by
Morgan Alex A and Alexander Debra M
Bought by
Tenir Llc
Seller's Agent
Debra Alexander
David Lyng Real Estate
Buyer's Agent
Mark Vieira
Vieira Investments, Inc
List Price
$915,000
Sold Price
$850,000
Premium/Discount to List
-$65,000
-7.1%

Purchase Details

Closed on
Jun 7, 2007
Sold by
Morgan Alex A and Alexander Debra M
Bought by
Morgan Alex A and Alexander Debra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,800
Interest Rate
6.37%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 11, 2005
Sold by
Morgan Alex A and Alexander Debra M
Bought by
Morgan Alex A and Alexander Debra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
1.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 14, 2003
Sold by
Sakai Egi Dennis and Sakai Egi Mitsuko
Bought by
Morgan Alex A and Alexander Debra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2001
Sold by
Burton Nancy J
Bought by
Sakai Egi Dennis and Sakai Egi Mitsuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
8.47%

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
Jjad Llc $860,822 Old Republic Titte Company
Tenir Llc $850,000 Old Republic Title Company
Morgan Alex A -- First American Title Company
Morgan Alex A -- First American Title Company
Morgan Alex A -- First American Title Co
Morgan Alex A $616,818 Chicago Title Co
Sakai Egi Dennis $475,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jjad Llc $419,426
Previous Owner Morgan Alex A $440,600
Previous Owner Morgan Alex A $486,800
Previous Owner Morgan Alex A $450,000
Previous Owner Morgan Alex A $348,000
Previous Owner Sakai Egi Dennis $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2019 11/26/19 Sold $850,000 0.0% $430 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
10/22/2019 10/22/19 Price Changed $849,990 -2.9% $430 / Sq Ft
10/10/2019 10/10/19 Price Changed $874,990 -4.4% $443 / Sq Ft
09/26/2019 09/26/19 For Sale $915,000 0.0% $463 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $915,000 0.0% $463 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/01/2019 08/01/19 Price Changed $915,000 -99.9% $463 / Sq Ft
08/01/2019 08/01/19 For Sale $915,000,000 -- $462,822 / Sq Ft
Source: MLSListings

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
2023 $10,661 $904,361 $357,399 $546,962
2022 $9,848 $886,630 $350,392 $536,238
2021 $9,729 $869,246 $343,522 $525,724
2020 $9,072 $804,459 $227,503 $576,956
2019 $9,025 $788,687 $223,043 $565,644
2018 $8,975 $773,223 $218,670 $554,553
2017 $7,722 $663,000 $187,000 $476,000
2016 $7,089 $600,000 $170,000 $430,000
2015 $6,945 $597,000 $169,000 $428,000
2014 $6,552 $588,000 $166,000 $422,000
Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81762850

MLSListings

APN: 180-460-049