NOT LISTED FOR SALE

Estimated Value: $1,011,000 - $1,264,000

10 Beds
7 Baths
4,114 Sq Ft
$283/Sq Ft Est. Value

Last Sold December 05, 2012

Last sale price $383,000 $93 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $6,544/month

81 Days on Market

Highlights

  • Balcony
  • Security Service
  • Central Heating
  • Citrus Valley High School Rated A
  • Tile Flooring
  • Maintained Community

About This Home

As of December 2012

'Excellent Investment Opportunity'. Professionally maintained and managed property. All unites are in great condition. Each unit is inspected every 6-months.HOA pays for 24-hour security and trash removal

Last Agent to Sell the Property

Robert Davenport

Lexxel Funding Corporation License #01117456 Listed on: 08/26/2012

Last Buyer's Agent

Robert Davenport

Lexxel Funding Corporation License #01117456 Listed on: 08/26/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.26

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 4,114 Sq Ft Home
  • Fireplace Features Masonry

Kitchen

  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Utilities

  • Central Heating
  • 220 Volts

Additional Features

  • Balcony
  • 0.26 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167263090000

Community Details

Overview

  • 4 Units
  • Maintained Community

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $1,080
  • Maintenance Expense $3,600
  • Pest Control $420
  • Water Sewer Expense $1,980
  • New Taxes Expense $3,969
  • Gross Income $3,220
  • Net Operating Income $28,071

Security

  • Security Service

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 7.33
  • View: No
  • Water Sewer Expenses: 1980.00
  • Property Type: Residential Income
  • Parcel Number: 0167263090000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Flooring: Carpet, Tile
  • Appliances: No
  • Fireplace Features: Masonry
  • Levels: Two
  • Price Per Square Foot: 93.10

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Electric Cooking, Disposal, Range Hood, Cooktop
  • Electric: 220 Volts
  • Heating Type: Central
  • Pest Control Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Maintenance Grounds, Security
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 11191.00
  • Lot Size Acres: 0.2570

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 3220.00
  • Gross Multiplier: 9.75
  • Gross Scheduled Income: 39300.00
  • Insurance Expense: 1080.00
  • Maintenance Expense: 3600.00
  • Net Operating Income: 28071.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Operating Expense: 11229.00
  • Total Actual Rent: 38640.00

Tax Info

  • New Taxes Expense: 3969.00
  • Tax Lot: 15
  • Tax Tract Number: 10141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2012
Closed on
Jan 2, 2013
Sold by
Lexxell Funding Corporation
Bought by
Suarez Miguel Angel and Suarez Leticia
Seller's Agent
Robert Davenport
Lexxel Funding Corporation
Buyer's Agent
Robert Davenport
Lexxel Funding Corporation
List Price
$383,000
Sold Price
$383,000
Current Estimated Value
$1,163,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$780,000
Avg. Annual Appreciation
8.84%
Original Mortgage
$292,276
Outstanding Balance
$204,451
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$958,549

Purchase Details

Closed on
Aug 29, 2012
Sold by
Davenport Robert
Bought by
Lexxel Funding Corporation

Purchase Details

Closed on
Mar 9, 2012
Sold by
Lexxel Funding Corporation
Bought by
Davenport Robert

Purchase Details

Closed on
Jun 8, 2010
Sold by
Davenport Robert
Bought by
Lexxel Corporation

Purchase Details

Closed on
May 18, 2010
Sold by
Beck Christine and Beck Christine R
Bought by
Davenport Robert

Purchase Details

Closed on
May 10, 2010
Sold by
Proctor Martin
Bought by
Davenport Robert

Purchase Details

Closed on
Jul 31, 2006
Sold by
Sparticus 5 Llc
Bought by
Proctor Martin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
6.44%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 24, 2002
Sold by
Homeside Lending Inc
Bought by
Perez Christopher A and Perez Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,080
Interest Rate
6.25%

Purchase Details

Closed on
May 29, 2002
Sold by
Eugene Dr John and Eugene Karyl
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Dec 14, 1999
Sold by
Latham Terrence N and Latham Maryla S
Bought by
Eugene Dr John and Eugene Karyl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
7.82%

Purchase Details

Closed on
Oct 6, 1999
Sold by
Pan American Bank
Bought by
Latham Terrernce N

Purchase Details

Closed on
Sep 10, 1999
Sold by
Loughnane Patrick V
Bought by
Pan American Bank Fsb

Purchase Details

Closed on
Aug 4, 1997
Sold by
Loughnane Maeve
Bought by
Loughnane Patrick V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
9.25%

Purchase Details

Closed on
Feb 9, 1997
Sold by
Smith Natasha K
Bought by
Smith Rico
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Suarez Miguel Angel $383,000 Ticor Title
Lexxel Funding Corporation -- Accommodation
Davenport Robert -- Ticor Title
Lexxel Corporation -- Ticor Title
Davenport Robert -- Chicago Title Company
Davenport Robert $225,000 Chicago Title Company
Proctor Martin A $684,000 Fnt
Sparticus 5 Llc -- Fnt
Perez Christopher A $273,000 Lawyers Title Company
Homeside Lending Inc $245,000 Fidelity National Title
Eugene Dr John $335,000 Gateway Title Company
Latham Terrernce N $165,000 Chicago Title Co
Pan American Bank Fsb $221,400 American Title
Loughnane Patrick V -- Chicago Title Co
Smith Rico -- Orange Coast Title
Smith Rico -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suarez Miguel Angel $292,276
Previous Owner Sparticus 5 Llc $68,400
Previous Owner Proctor Martin A $513,000
Previous Owner Perez Christopher A $218,080
Previous Owner Eugene Dr John $251,250
Previous Owner Loughnane Patrick V $221,250
Closed Loughnane Patrick V $14,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2012 12/05/12 Sold $383,000 0.0% $93 / Sq Ft
11/15/2012 11/15/12 Pending -- -- --
08/26/2012 08/26/12 For Sale $383,000 -- $93 / Sq Ft
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 $5,556 $471,639 $98,515 $373,124
2024 $5,556 $462,391 $96,583 $365,808
2023 $5,550 $453,324 $94,689 $358,635
2022 $5,471 $444,435 $92,832 $351,603
2021 $5,569 $435,721 $91,012 $344,709
2020 $5,488 $431,253 $90,079 $341,174
2019 $5,336 $422,797 $88,313 $334,484
2018 $5,205 $414,506 $86,581 $327,925
2017 $5,162 $406,378 $84,883 $321,495
2016 $5,104 $398,410 $83,219 $315,191
2015 $5,067 $392,426 $81,969 $310,457
2014 $4,977 $384,739 $80,363 $304,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S709997

California Regional Multiple Listing Service (CRMLS)

APN: 0167-263-09