NOT LISTED FOR SALE

Estimated Value: $1,315,000

3 Beds
2 Baths
3,600 Sq Ft
$365/Sq Ft Est. Value

Last Sold March 08, 2019

Last sale price $1,299,000 $361 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,654/month

44 Days on Market

Highlights

  • 2.25 Acre Lot
  • No HOA
  • Central Heating
  • Alta Loma Junior High Rated A-
  • Foothills
  • 1-Story Property

About This Home

As of March 2019

2.25 prime acres in north Rancho Cucamonga. This property has 4 structures on it. 2 houses which have been split in 1/2 and are now serving as duplexes. a former garage which has been turned into a duplex and a barn type structure being used for storage. The scheduled gross rent from the 7 tenants is $6,725 / mo. A test fit tract map has been laid out showing 2 of the 4 structures being retained and an additional 6 lots being sub-divided. a full package showing the tract map is available on LoopNet Drainage and sewer capacity appear to be planned into the cul-de-sac to the south. Huber Pl could be extended from the south to give access. As land (not considering any value given to the structures), the property is priced at $577 / acre, a fair value for north R. Cuc as is supported by recent comps. The existing income could be collected while a tract map was processed. the owner pays utilities which run about $1,625 / mo add $273 for insurance and $1,200 for taxes and the rentals should net about $3,400 / mo giving a 2.6% return while the map is processed. The structures need work and the sale is "as is, where is" no warranties or guarantees of any kind. No termite clearance will be offered.

Last Listed By

Lee Spence

DAUM COMMERCIAL RE SERVICES License #00954487 Listed on: 08/01/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $184,858

Year Built

  • Built in 1954

Lot Details

  • 2.25 Acre Lot
  • No Common Walls
  • Irregular Lot

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 001
  • Tax Tract Number 1
  • Assessor Parcel Number 0202061490000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 6 Units
  • Foothills

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $19,500
  • Fuel Expense $4,176
  • Insurance Expense $3,276
  • Maintenance Expense $2,400
  • Trash Expense $636
  • Water Sewer Expense $1,848
  • New Taxes Expense $14,418
  • Operating Expense $46,200
  • Gross Income $81,000
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$184,858

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Other Phone Description: Lee's cell
  • Other Phone Number: 909 969-8800
  • Property Attached: No
  • Water Sewer Expenses: 1848.00
  • Property Type: Residential Income
  • Parcel Number: 0202061490000
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 360.83

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Unknown
  • Trash Expense: 636.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 98010.00
  • Lot Size Acres: 2.2500

Multi Family

  • Electric Expense: 19500.00
  • Fuel Expense: 4176.00
  • Gross Income: 81000.00
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 3276.00
  • Lot Size Area: 98010.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 34800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 6
  • Operating Expense: 46200.00
  • Rent Control: Yes
  • Total Expenses: 46200.00

Tax Info

  • New Taxes Expense: 14418.00
  • Tax Census Tract: 20.15
  • Tax Lot: 001
  • Tax Rate: 1.11
  • Tax Tract Number: 001
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2005
Sold by
Fisher Brian J and Fisher Brian
Bought by
Fisher Brian J
Total Days on Market
44
Current Estimated Value
$1,315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$174,270
Interest Rate
5.56%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 18, 2003
Sold by
Dutton Debra D
Bought by
Dutton Debra D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2001
Sold by
City Of Hope
Bought by
Fisher Brian

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
6.91%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Fisher Brian J -- Investors Title Co Newportbc
Dutton Debra D -- First American
Fisher Brian $215,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fisher Brian J $320,000
Closed Dutton Debra D $412,500
Closed Dutton Debra D $225,000
Closed Fisher Brian $172,000
Previous Owner Dutton Debra D $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2019 03/08/19 Sold $1,299,000 -0.1% $361 / Sq Ft
09/14/2017 09/14/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $1,299,999 -- $361 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $184,858 $16,855,540 $5,521,839 $11,333,701
2023 $180,678 $16,525,040 $5,413,568 $11,111,472
2022 $180,236 $16,201,020 $5,307,420 $10,893,600
2021 $127,242 $11,203,354 $5,203,354 $6,000,000
2020 $57,947 $5,253,000 $4,182,000 $1,071,000
Source: Public Records

Agents Affiliated with this Home

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Map

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