NOT LISTED FOR SALE

Estimated Value: $4,143,454

1 Acre
$4,160,094 Price per Acre
43,386 Sq Ft Lot

Last Sold July 31, 2013

Last sale price $1,900,000

Est. 118% increase in value since last sale

Current estimated payment $26,976/month

251 Days on Market

About This Lot

As of July 2013

A rarely corner lot of vacant land; which is situated on a major street as Westminster Avenue and closed to Brookhurst Street, it's in the heard of a little Saigon town; closed to shopping center, supermarkets, restaurants and retail stores which have attracted and creative class during the last decade. Strongly advised interesting buyers to verify and investigate with City and County due to it's discrepancy lot size between the County Assessor (consists of a parcel approx 43,395 square feet) and Plot map (approx 36,000 sqft); zoning and land use (Single Family Residence or Commercial ).

Last Agent to Sell the Property

Tran Ho

Long Coast Realty License #01428273 Listed on: 11/21/2012

Last Buyer's Agent

Anh Tran Nguyen

Long Coast Realty License #01014785

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $54,889

Lot Details

  • 1 Acre Lot
  • Property is zoned C-1

Utilities

  • Electricity Not Available

Listing and Financial Details

  • Legal Lot and Block 13 / 2
  • Tax Tract Number 856
  • Assessor Parcel Number 09916228

Property Details

Property Type

Land

Est. Annual Taxes

$54,889

Lot Details

0

Listing Details

  • Assessments: Yes
  • Survey: Buyer Pays
  • View: No
  • Zoning: C-1
  • Property Type: Land
  • Parcel Number: 09916228
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 43.78

Utilities

  • Utilities: Electricity Not Available
  • Water Well: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Current Geological: No
  • Lot Size Sq Ft: 43395.00
  • Lot Size Acres: 0.9960

Multi Family

  • Lot Size Area: 43395.0000 Square Feet

Tax Info

  • Tax Area: 18202
  • Tax Block: 2
  • Tax Lot: 13
  • Tax Tract Number: 856

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2016
Sold by
Nguyen Hung
Bought by
Wellpark Inc
Current Estimated Value
$4,143,454

Purchase Details

Closed on
Apr 22, 2014
Sold by
Nguyen Hung
Bought by
City Of Garden Grove

Purchase Details

Listed on
Nov 21, 2012
Closed on
Jul 30, 2013
Bought by
Nguyen Hung
Seller's Agent
Tran Ho
Long Coast Realty
Buyer's Agent
Anh Tran Nguyen
Long Coast Realty
List Price
$2,000,000
Sold Price
$1,900,000
Premium/Discount to List
-$100,000
-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
6.52%
Original Mortgage
$1,332,000
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 22, 2002
Sold by
Tantardini Janice L and Rae Georgiana Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
6.28%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 1999
Sold by
Ragsdale Lucille M
Bought by
Tantardini Janice L and Rae Georgiana
Source: Public Records

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
Wellpark Inc -- None Available
City Of Garden Grove -- None Available
Nguyen Hung $1,900,000 Lawyers Title
-- $1,600,000 Orange Coast Title Company
Tantardini Janice L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Hung $1,370,000
Previous Owner Nguyen Hung $1,332,000
Previous Owner Association Of Vietnamese Buddhists Nun $625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2013 07/31/13 Sold $1,900,000 -5.0% --
07/30/2013 07/30/13 Pending -- -- --
11/21/2012 11/21/12 For Sale $2,000,000 -- --
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
2025 $54,889 $4,374,739 $2,329,140 $2,045,599
2024 $54,889 $4,288,960 $2,283,470 $2,005,490
2023 $53,861 $4,204,863 $2,238,696 $1,966,167
2022 $52,708 $4,122,415 $2,194,800 $1,927,615
2021 $52,153 $4,041,584 $2,151,765 $1,889,819
2020 $51,459 $4,000,143 $2,129,701 $1,870,442
2019 $50,485 $3,921,709 $2,087,942 $1,833,767
2018 $49,482 $3,844,813 $2,047,002 $1,797,811
2017 $48,808 $3,769,425 $2,006,865 $1,762,560
2016 $46,407 $3,695,515 $1,967,515 $1,728,000
2015 $36,381 $3,137,962 $1,937,962 $1,200,000
2014 $21,825 $1,900,000 $1,900,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P841704

California Regional Multiple Listing Service (CRMLS)

APN: 099-162-28