NOT LISTED FOR SALE

Estimated Value: $803,000 - $926,000

4 Beds
2 Baths
1,596 Sq Ft
$545/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $534,000 $335 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,336/month

10 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • 1-Story Property

About This Home

As of October 2018

Cotton Street Apartments are comprised of two identical two bed/one bath units, built in 1971 and is situated on large 11,144 sq. ft. lot. Each unit has it's own yard. These units are perfect for tenants with pets. Easy to maintain and has an additional lot in the rear with great possibilities. Owner can live in one unit and rent the other. Lots of off street parking. Great investment.

Last Agent to Sell the Property

Benjamin Biggs

LPT Realty,Inc License #02016327 Listed on: 09/02/2018

LPT Realty,Inc

Co-Listed By

Jeff Discher

eXp Realty of Southern California, Inc. License #01400184

Last Buyer's Agent

Betty Lombrozo

Berkshire Hathaway HomeServices California Properties License #01111802

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,208

Year Built

  • Built in 1971

Lot Details

  • Partially Fenced Property
  • Level Lot

Parking

  • RV Potential

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Separate Water Meter

Community Details

  • 2 Units
  • Net Operating Income $12,600

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 541-451-23-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,208

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: C st.
  • Neighborhood: Chollas View
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 1971
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Available
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: SAN DIEGO

Lot Info

  • Lot Size: .25 to .5 AC
  • Topography: Level
  • Assessor Parcel Number: 541-451-23-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 12600
  • Annual Expense Actual: 5400
  • Gross Rent Multiplier Actual: 29.3
  • Gross Rent Multiplier Projected: 13.2
  • Gross Sched Income Actual: 18000
  • Gross Sched Income Projected: 38880
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2018
Closed on
Oct 3, 2018
Sold by
Dively Holly Jeanne and Rodriguez Marcos Normar
Bought by
Gonzalez Alberto Zarate and Gonzalez Jessica Verenice
Seller's Agent
Benjamin Biggs
LPT Realty,Inc
Buyer's Agent
Betty Lombrozo
Berkshire Hathaway HomeServices California Properties
List Price
$529,000
Sold Price
$534,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$869,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,028
Avg. Annual Appreciation
6.25%
Original Mortgage
$524,327
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Listed on
May 30, 2017
Closed on
Jul 14, 2017
Sold by
Platt Unique and Geisenhainer Urs
Bought by
Dively Holly Jeanne Marie and Rodriguez Marcos Nomar
Seller's Agent
Diana Peters
Acre Investment Real Estate
Buyer's Agent
Benjamin Biggs
LPT Realty,Inc
List Price
$480,000
Sold Price
$465,000
Premium/Discount to List
-$15,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Original Mortgage
$474,997
Interest Rate
3.9%
Mortgage Type
VA

Purchase Details

Listed on
Oct 31, 2015
Closed on
Nov 13, 2015
Sold by
Bartel Steven M and Bartel Evelyn
Bought by
Platt Unique and Geisenhainer Urs
Seller's Agent
Vanessa Bell
AARE
Buyer's Agent
Vanessa Bell
AARE
List Price
$359,900
Sold Price
$359,000
Premium/Discount to List
-$900
-0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.09%
Original Mortgage
$269,925
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1998
Sold by
Judith Bartel
Bought by
Bartel Steven M and Bartel Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.73%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gonzalez Alberto Zarate $534,000 First American Title Company
Dively Holly Jeanne Marie $465,000 Chicago Title Company
Platt Unique $360,000 Ticor Title San Diego
Bartel Steven M -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Alberto Zarate $524,651
Closed Gonzalez Alberto Zarate $524,327
Previous Owner Dively Holly Jeanne Marie $474,997
Previous Owner Platt Unique $269,925
Previous Owner Bartel Steven M $34,500
Previous Owner Bartel Steven M $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold $534,000 +0.9% $335 / Sq Ft
09/13/2018 09/13/18 Pending -- -- --
09/02/2018 09/02/18 For Sale $529,000 +13.8% $331 / Sq Ft
08/08/2017 08/08/17 Sold $465,000 +4.5% $291 / Sq Ft
07/06/2017 07/06/17 Pending -- -- --
06/25/2017 06/25/17 Price Changed $445,000 -3.3% $279 / Sq Ft
06/20/2017 06/20/17 Price Changed $460,000 -2.1% $288 / Sq Ft
06/09/2017 06/09/17 Price Changed $470,000 -2.1% $294 / Sq Ft
05/30/2017 05/30/17 For Sale $480,000 +33.7% $301 / Sq Ft
12/18/2015 12/18/15 Sold $359,000 -0.3% $41 / Sq Ft
11/08/2015 11/08/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $359,900 -- $41 / Sq Ft
Source: San Diego MLS

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 $7,208 $595,681 $240,154 $355,527
2024 $7,208 $584,002 $235,446 $348,556
2023 $7,048 $572,552 $230,830 $341,722
2022 $6,861 $561,326 $226,304 $335,022
2021 $6,814 $550,320 $221,867 $328,453
2020 $6,732 $544,679 $219,593 $325,086
2019 $6,612 $534,000 $215,288 $318,712
2018 $5,413 $465,000 $187,470 $277,530
2017 $4,326 $367,097 $147,999 $219,098
2016 $4,256 $359,900 $145,098 $214,802
2015 $1,072 $88,699 $35,760 $52,939
2014 $1,056 $86,962 $35,060 $51,902
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 180049265

San Diego MLS

APN: 541-451-23