4724 South Terrace Avenue

Lakeport, CA 95453

$720,000
Last Sold Price
6
Beds
5
Baths
2,350 Sq. Ft.
$306 / Sq. Ft.
2,350
Sq. Ft.
$306
per Sq. Ft.

Description

This property has great potential and is in excellent condition. Located in North Lakeport with views of the lake and mountains. It has been remodeled, and updated. It is close to town and stores. The property sits on over a acre and is across the street from the lake. There are THREE homes on the parcel all are move-in ready and in for extended family or tenants. The main house is a 4 bedrooms, 3 bath home. The second home is a 2 bedroom, 1 bath home with a covered deck for your outdoor enjoyment....This property has great potential and is in excellent condition. Located in North Lakeport with views of the lake and mountains. It has been remodeled, and updated. It is close to town and stores. The property sits on over a acre and is across the street from the lake. There are THREE homes on the parcel all are move-in ready and in for extended family or tenants. The main house is a 4 bedrooms, 3 bath home. The second home is a 2 bedroom, 1 bath home with a covered deck for your outdoor enjoyment. The third home is attached to the main house and is a 1 bedroom, 1 bath apartment. There is a 3 car garage and plenty of parking even for an RV. There is approximate 1/2 acre of level, R3 zoned vacant lot on Lakeshore Blvd....perfect for
building up tp twenty more rental units. It is also close to the Hospital for your convenience. Come take a look, beautiful location.
  1. Listed by Phylis Swegle • DRE #01450702 • Brokerage DRE #01521602 • Country Air Properties

Property Details for 4724 South Terrace Avenue

Architectural Style
Craftsman
Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2350
Assessor Parcel Number
029311100000

Location

Listing Courtesy of Country Air Properties, Phylis Swegle, DRE #01450702

Sold By Sereno, Lori Lowe, DRE #01827215

Add your commute
LISTING UPDATED: 07/05/2023 05:17 AM

Property Details for 4724 South Terrace Avenue

StatusClosed
MLS #LC22000895
Days on Compass318
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1982
Lot Size1.10 AC / 47,916 SF
CountyLake County

Location

Listing Courtesy of Country Air Properties, Phylis Swegle, DRE #01450702

Sold By Sereno, Lori Lowe, DRE #01827215

Add your commute

Building Information for 4724 South Terrace Avenue

Stories1Residences-Year Built1982Building Size-Lot Size1.10 AC / 47,916 SF

Payment Calculator

$4,341 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,929

Property Taxes

$412

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4724 South Terrace Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $45,000
  • Gross Scheduled Income: $45,000
  • Net Operating Income: $26,285
  • Current Financing: Private
  • Financing: Seller Financing
Expense Details
  • Operating Expense: $18,715
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $3,000
Tax / Assessment Info
  • Tax Census Tract: 3.00
  • CFD/Mello-Roos Fee: $4,667
  • Tax Lot: 5,6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Park, Watersports, Mountainous
Property / Structure Info
Interior Features
  • Appliances: Electric Range
  • Equipment: Inside
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Flooring: Vinyl
Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Asphalt, Stucco
  • Exterior Construction: Asphalt, Stucco
  • Exterior: Stucco
  • Exterior Features: Awning(s), Rain Gutters
  • Waterfront Features: Across the Road from Lake/Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public, Well
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public, Well
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Carport, Driveway
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Carport, Driveway, Gravel, Driveway Level, Garage Faces Front
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $26,400
  • Unit Type Total Rent: $26,400
  • Unit Type Pro Forma: 24456
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $10,200
  • Unit Type Total Rent: $10,200
  • Unit Type Pro Forma: 8256
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,400
  • Unit Type Total Rent: $8,400
  • Unit Type Pro Forma: 6456
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 4724 South Terrace Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4724 South Terrace Avenue

Taxable ValueLand$142,173Additions$262,473Total$404,646
Tax Record2023$4,944 ($412 / month)
Home Facts
Baths3.5Total Finished SqFt2,350 SqFtAbove Grade Finished SqFt2,350 SqFtLot Size50,529 SqFtStyleMulti-Family Dwelling (2-4)Year Built1982ZoningR3CountyLAKEAPN029-311-100-000Fireplace TypeHas Fireplace

Schools near 4724 South Terrace Avenue

This home is within Lakeport Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 8
Public - 9 to 12
Public - 6 to 10
Rating
School
Distance
Lakeport Elementary School
PublicK to 3

Terrace School
Public4 to 8

Clear Lake High School
Public9 to 12

Lakeport Community Day School
Public6 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Country Air Properties, Phylis Swegle, DRE #01450702

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.