NOT LISTED FOR SALE

Estimated Value: $557,175 - $910,000

6 Beds
4 Baths
3,550 Sq Ft
$219/Sq Ft Est. Value

Last Sold January 19, 2018

Last sale price $575,000 $162 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,000/month

63 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • 4-minute walk to Charlie Jensen Park
  • Covered patio or porch

About This Home

As of January 2018

Huge 3br/2ba units w/private upstairs master suites. Large lot in desirable area. Rents way below market. Market-rate rents Cap Rate of 6%. Or Live in one and rent the other. One unit updated 2013 w/new kitchen, etc. Two 2-car garages; one oversized. Private backyards. Corner units. Great investment with a ton of upside. Listing agent is owner/seller

Last Listed By

Robert Oakes

Casillas Real Estate License #02016605 Listed on: 09/06/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,010

Year Built

  • Built in 1961

Lot Details

  • 0.32

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Covered patio or porch
  • 0.32 Acre Lot

Listing and Financial Details

  • Security Deposit $1,000
  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 029-0131-011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month
  • Insurance Expense $1,000
  • Operating Expense $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,010

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1961
  • Architectural Style: Ranch
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2014

Interior Features

  • Appliances: Built-In Electric Oven,Dishwasher,Disposal,Electric Cook Top,Free Standing Gas Range,Free Standing Refrigerator,Microwave,Self/Cont Clean Oven,Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Wood,Linoleum/Vinyl
  • Window Features: Dual Pane Partial,Window Coverings

Exterior Features

  • Construction Materials: Brick,Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 580000.00
  • Patio And Porch Features: Covered Patio
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Connected
  • Cooling: Central,Window Unit(s)
  • Heating: Natural Gas
  • Laundry Features: Washer/Dryer Owned,Washer/Dryer
  • Utilities Expenses: 3000

Condo/Co-op/Association

  • Association Features: Extra Storage,Laundry Hook-Up in Units,Yard Space,Varies By Unit
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-1-EA
  • Lot Size Acres: 0.3200
  • Lot Size Sq Ft: 13939

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total Deposit: 1000
  • Total # Leasable: 2

Multi Family

  • Gross Income: 33360
  • Operating Expense: 12000
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 1000
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 029-0131-011

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 4, 2024
Sold by
Wilson Joan Elizabeth
Bought by
Wilson Rhonda J
Total Days on Market
63
Current Estimated Value
$776,044

Purchase Details

Closed on
Jun 28, 2024
Sold by
Wilson Michael L and Wilson Rhonda J
Bought by
Wilson Family Trust and Wilson

Purchase Details

Listed on
Sep 6, 2017
Closed on
Jan 16, 2018
Sold by
Oakes Robert E
Bought by
Wilson Michael and Wilson Rhonda
Seller's Agent
Robert Oakes
Casillas Real Estate
Buyer's Agent
Robert Oakes
Casillas Real Estate
List Price
$615,000
Sold Price
$575,000
Premium/Discount to List
-$40,000
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.33%
Original Mortgage
$564,585
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 2010
Sold by
Oakes Robert E
Bought by
Oakes Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2008
Sold by
Citibank Na
Bought by
Oakes Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2008
Sold by
Toro Martha E
Bought by
Citibank Na

Purchase Details

Closed on
May 18, 2007
Sold by
Meckley Mary M
Bought by
Toro Martha E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,300
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2007
Sold by
Granados Simon
Bought by
Toro Martha E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,300
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 1995
Sold by
Meckley Robert K and Meckley Mary M
Bought by
Meckley Robert K and Meckley Mary M

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
Wilson Family Trust -- None Listed On Document
Wilson Michael $575,000 Placer Title Company
Oakes Robert E -- Fidelity National Title Co
Oakes Robert E $365,000 Security Union Title
Citibank Na $386,000 None Available
Toro Martha E $597,000 Placer Title Company
Toro Martha E -- Placer Title Company
Meckley Robert K -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Michael $549,454
Previous Owner Wilson Michael $564,585
Previous Owner Oakes Robert E $282,000
Previous Owner Oakes Robert E $295,000
Previous Owner Oakes Robert E $292,000
Previous Owner Toro Martha E $537,300
Previous Owner Meckley Mary M $420,000
Previous Owner Meckley Robert K $75,100
Previous Owner Meckley Robert K $337,500
Previous Owner Meckley Robert K $247,500
Previous Owner Meckley Robert K $20,000
Previous Owner Meckley Robert K $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2018 01/19/18 Sold $575,000 -6.5% $162 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $615,000 -- $173 / Sq Ft
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 $8,010 $641,418 $167,325 $474,093
2023 $5,970 $628,843 $164,045 $464,798
2022 $5,976 $616,514 $160,829 $455,685
2021 $5,691 $604,426 $157,676 $446,750
2020 $5,759 $598,230 $156,060 $442,170
2019 $5,015 $586,500 $153,000 $433,500
2018 $5,222 $413,088 $90,538 $322,550
2017 $5,149 $404,989 $88,763 $316,226
2016 $5,020 $397,049 $87,023 $310,026
2015 $4,944 $391,086 $85,716 $305,370
2014 $4,745 $383,426 $84,037 $299,389
Source: Public Records

Agents Affiliated with this Home

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Source: MetroList

MLS Number: 17057465

MetroList

APN: 029-0131-011