Sold for $340,000

Listed by: Coldwell Banker Borrego • Kerry Christenson • 619-552-9872

Bought with: Coldwell Banker Borrego

$340,000

3125-31 Borrego Springs Rd, Borrego Springs, CA 92004

4beds

4baths

2,112sqft

Quadruplex

Built in 1966

-- sqft lot

$413,400 Zestimate^®

$161/sqft

$2,583 Estimated rent

Home value

$413,400

$360,000 - $471,000

$2,583/mo

Zestimate^® history

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$2,297/mo

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$2,297/mo

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What's special

Newer split systems

Fantastic 4 unit property below $500k in the beautiful community of Borrego Springs! All units are 1 bedroom 1 bath. This is ideal situation for investor or live full or part time while paying for itself. The existing property was recently acquired and two of the units have been remodeled and leased to show the substantial increase in income. The two other units can be remodeled for an increase in rent. New septic system has been installed, each unit has 100 amp panels and all have newer split systems for energy efficient cooling/heating. Over a half acre lot. Beautiful views of the mountains and easy bike ride to Borrego Springs, Christmas Circle. Buyer to verify all. Seller may carry.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Appliances

Laundry: None

Features

Has fireplace: No
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 2,112
Total interior livable area: 2,112 sqft

Property

Parking

Total spaces: 4
Parking features: Carport
Carport spaces: 4

Features

Entry location: door
Pool features: None

Lot

Size: 0.53 Acres
Features: Level

Details

Parcel number: 1982510500
Zoning: Multi Family Residential
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

Year built: 1966

Utilities & green energy

Water: Public

Community & HOA

Community

Features: Rural

Location

Region: Borrego Springs

Financial & listing details

Price per square foot: $161/sqft
Tax assessed value: $353,736
Date on market: 3/15/2023
Listing terms: Cash,Conventional,1031 Exchange

Price history

Date	Event	Price
10/31/2023	Sold	$340,000-13.9%$161/sqft
Source: CRMLS #NDP2301917 Report a problem
7/25/2023	Contingent	$395,000$187/sqft
Source: CRMLS #NDP2301917 Report a problem
7/25/2023	Listed for sale	$395,000$187/sqft
Source: CRMLS #NDP2301917 Report a problem
7/25/2023	Contingent	$395,000$187/sqft
Source: CRMLS #NDP2301917 Report a problem
5/13/2023	Price change	$395,000-20.2%$187/sqft
Source: CRMLS #NDP2301917 Report a problem
3/16/2023	Listed for sale	$495,000+175%$234/sqft
Source: CRMLS #NDP2301917 Report a problem
10/27/2022	Sold	$180,000-7.7%$85/sqft
Source: SDMLS #220017778 Report a problem
9/9/2022	Pending sale	$195,000$92/sqft
Source: SDMLS #220017778 Report a problem
8/26/2022	Listed for sale	$195,000+11.4%$92/sqft
Source: SDMLS #220017778 Report a problem
7/20/2022	Listing removed	--
Source: SDMLS #220017778 Report a problem
7/10/2022	Listed for sale	$175,000+75.9%$83/sqft
Source: SDMLS #220017778 Report a problem
11/23/1994	Sold	$99,500$47/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$353,736 +2%
2025	$3,959 +2.1%	$346,800 +2%
2024	$3,878 +79.1%	$340,000 +88.9%
2023	$2,165 +12.1%	$180,000 +14.3%
2022	$1,931 +1.6%	$157,462 +2%
2021	$1,901 +0.3%	$154,376 +1%
2020	$1,896 +23.9%	$152,794 +2%
2019	$1,530 -12.2%	$149,799 +2%
2018	$1,744 +1.9%	$146,863 +2%
2017	$1,712 +2.2%	$143,984 +2%
2016	$1,675 +1.3%	$141,161 +1.5%
2015	$1,653 +2%	$139,041 +2%
2014	$1,621	$136,318 +0.5%
2013	--	$135,703 +2%
2012	--	$133,043 +2%
2011	--	$130,435 +0.8%
2010	--	$129,462 -0.2%
2009	--	$129,770 +2%
2008	--	$127,226