NOT LISTED FOR SALE

1131 Mahar Ave Wilmington, CA 90744

Estimated Value: $747,000 - $915,902

4 Beds
3 Baths
2,600 Sq Ft
$321/Sq Ft Est. Value

Last Sold November 14, 2018

Last sale price $550,000 $212 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,004/month

146 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • 2-minute walk to Greenbelt Park
  • Front Yard

About This Home

As of November 2018

This well maintained property features two separate homes on a lot. The front house, which is 1131 Mahar Ave, is a two bedroom and 2 bath home with an attached den that could be used as a third bedroom. This spacious 1224 sq. ft. house has a separate living room, dining room and a large kitchen. There is a two-car attached garage with laundry hookups. The back house, 1133 Mahar Ave, is a two bedroom, one bath home that was built in 1987. This two-level house features 1376 sq. ft. of living space. The main level features a large living room and an open floor plan kitchen with granite counter tops. There are two bedrooms and a full bathroom upstairs. One of the bedrooms has a balcony that overlooks the back yard. The property features plenty of off-street parking in the large backyard driveway. This property is located on a wide street just across from Wilmington Park Elementary School.

Last Agent to Sell the Property

Andrew Flores

Keller Williams Palos Verdes License #01237020 Listed on: 05/01/2018

Keller Williams Palos Verdes

Last Buyer's Agent

Patricia Williams

Circle Real Estate License #01730845

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,545

Year Built

  • Built in 1911

Lot Details

  • 5,999 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 8
  • Tax Tract Number 8
  • Assessor Parcel Number 7425031012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,545

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7425031012
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 211.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5999.00
  • Lot Size Acres: 0.1377

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Lot Size Area: 5999.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2946.20
  • Tax Lot: 8
  • Tax Tract Number: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2024
Sold by
Corvero Bobby
Bought by
Corvero Family Trust and Corvero
Current Estimated Value
$834,226

Purchase Details

Listed on
May 1, 2018
Closed on
Oct 22, 2018
Sold by
Corvero Leticia Marie
Bought by
Corvero Bobby
Seller's Agent
Andrew Flores
Keller Williams Palos Verdes
Buyer's Agent
Patricia Williams
Circle Real Estate
List Price
$585,000
Sold Price
$550,000
Premium/Discount to List
-$35,000
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$540,038
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
May 1, 2018
Closed on
Sep 25, 2018
Sold by
Rosales Valentine and Rosales Martha G
Bought by
Corvero Bobby
Seller's Agent
Andrew Flores
Keller Williams Palos Verdes
Buyer's Agent
Patricia Williams
Circle Real Estate
List Price
$585,000
Sold Price
$550,000
Premium/Discount to List
-$35,000
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,038
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%
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
Corvero Family Trust -- None Listed On Document
Corvero Bobby -- Wfg Title Company
Corvero Bobby $550,000 Wfg Title Company
Tegel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corvero Bobby $540,038
Previous Owner Tegel --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2018 11/14/18 Sold $550,000 0.0% $212 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
08/30/2018 08/30/18 Price Changed $550,000 -6.0% $212 / Sq Ft
05/01/2018 05/01/18 For Sale $585,000 -- $225 / 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 $7,545 $613,530 $446,205 $167,325
2024 $7,545 $601,501 $437,456 $164,045
2023 $7,402 $589,708 $428,879 $160,829
2022 $7,063 $578,146 $420,470 $157,676
2021 $6,965 $566,811 $412,226 $154,585
2020 $7,031 $561,000 $408,000 $153,000
2019 $6,758 $550,000 $400,000 $150,000
2018 $2,116 $152,063 $19,365 $132,698
2016 $1,996 $146,161 $18,614 $127,547
2015 $1,970 $143,967 $18,335 $125,632
2014 $1,990 $141,148 $17,976 $123,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV18100663

California Regional Multiple Listing Service (CRMLS)

APN: 7425-031-012