NOT LISTED FOR SALE

11040 Old River School Rd Downey, CA 90241

Estimated Value: $999,304 - $1,440,000

6 Beds
5 Baths
982 Sq Ft
$1,184/Sq Ft Est. Value

Last Sold November 29, 2012

Last sale price $400,000 $407 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $6,698/month

4 Days on Market

About This Home

As of November 2012

Short sale. Three units, need work. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Julie Leverence

Foster Douglas License #01319025 Listed on: 01/06/2012

Last Buyer's Agent

Serge Gharibian

License #01126253

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 6,996 Sq Ft Lot

Home Design

  • 982 Sq Ft Home

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6249-025-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 982
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 427.70

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Lot Info

  • Assessed Improvement Value: 218810
  • Assessed Land Value: 155625
  • Assessor Parcel Number: 6249-025-001
  • Lot Size Area: 6996

Multi Family

  • Unit Type: 2106
  • Number Of Units: 3
  • Type Of Units: Attached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2013
Sold by
Rhoads Christine R and The Christine Rhoads Family Tr
Bought by
Rhoads Christine R
Current Estimated Value
$1,172,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Outstanding Balance
$302,593
Interest Rate
4.23%
Mortgage Type
Negative Amortization
Estimated Equity
$860,483

Purchase Details

Listed on
Jan 6, 2012
Closed on
Nov 26, 2012
Sold by
Rhoads Christine R
Bought by
Rhoades Christine R and Christine Rhoads Family Trust
Seller's Agent
Julie Leverence
Foster Douglas
Buyer's Agent
Serge Gharibian
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$300,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2012
Closed on
Nov 13, 2012
Sold by
Ruano Luz Elena
Bought by
Rhoads Christine R
Seller's Agent
Julie Leverence
Foster Douglas
Buyer's Agent
Serge Gharibian
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2011
Sold by
Rhoads Xyomara and Ruano Xyomara
Bought by
Ruano Luz Elena

Purchase Details

Closed on
Apr 7, 2005
Sold by
Ruano Luz Elena
Bought by
Ruano Luz Elena and Ruano Xyomara

Purchase Details

Closed on
Dec 14, 2004
Sold by
Ruano Xyomara
Bought by
Ruano Luz Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2000
Sold by
Landers Marian D
Bought by
Ruano Luz Elena and Ruano Xyomara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,476
Interest Rate
8.01%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rhoads Christine R -- North American Title
Rhoades Christine R -- Accommodation
Rhoads Christine R $400,000 North American Title Company
Ruano Luz Elena -- None Available
Ruano Luz Elena -- None Available
Ruano Luz Elena -- Fidelity National Title Co
Ruano Luz Elena $320,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhoads Christine R $407,000
Closed Rhoads Christine R $300,000
Previous Owner Ruano Luz Elena $425,000
Previous Owner Ruano Luz Elena $312,476
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2012 11/29/12 Sold $400,000 -4.8% $407 / Sq Ft
01/10/2012 01/10/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $420,000 -- $428 / Sq Ft
Source: The 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 $6,840 $492,564 $246,282 $246,282
2024 $6,702 $482,906 $241,453 $241,453
2023 $6,488 $473,438 $236,719 $236,719
2022 $6,180 $464,156 $232,078 $232,078
2021 $5,996 $455,056 $227,528 $227,528
2020 $5,909 $450,390 $225,195 $225,195
2019 $5,848 $441,560 $220,780 $220,780
2018 $5,629 $432,902 $216,451 $216,451
2016 $5,441 $416,094 $208,047 $208,047
2015 $5,364 $409,844 $204,922 $204,922
2014 $5,086 $401,816 $200,908 $200,908
Source: Public Records

Agents Affiliated with this Home

  • Julie Leverence

    Seller's Agent in 2012

    Julie Leverence

    Foster Douglas

    (818) 448-1061

    30 Total Sales

    Julie Leverence
    Section Image

  • S

    Buyer's Agent in 2012

    Serge Gharibian

  • N

    Buyer's Agent in 2012

    Non Non Member

See All Agents

Map

Source: The MLS

MLS Number: 12-573837

The MLS

APN: 6249-025-001

California Los Angeles County Downey 90241

11040 Old River School Rd, Downey, CA

Not Listed for Sale

MultiFamily

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