NOT LISTED FOR SALE

Estimated Value: $832,000 - $1,084,474

5 Beds
3 Baths
2,036 Sq Ft
$475/Sq Ft Est. Value

Last Sold April 18, 2014

Last sale price $540,000 $265 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,880/month

62 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Arroyo High School Rated A-

About This Home

As of April 2014

Excellent Investment Opportunity - First time on the market in over 40+ years. This property has been extremely well maintained. Front Unit offers 3 bedrooms and 2 full baths with private fenced-front yard. Laundry hook-ups are located inside. Middle unit features 2 bedrooms and 3/4 bath with upgraded kitchen-newer cabinets and granite counters. Separate laundry room is located at rear of unit. Middle unit also has a private, fenced rear yard. There is a third building that is permitted as a laundry/playroom, but is currently tenant occupied. This is a studio-type space with private fenced area as well. Buyer to satisfy themselves and verify all information. All units are tenant occupied.

Last Agent to Sell the Property

Wendy Gruber

Seven Gables Real Estate License #01798822 Listed on: 12/17/2013

Seven Gables Real Estate

Co-Listed By

Vicky Hansen

Seven Gables Real Estate License #00696228

Last Buyer's Agent

Wendy Gruber

Seven Gables Real Estate License #01798822 Listed on: 12/17/2013

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,197

Year Built

  • Built in 1933

Lot Details

  • 9,550 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,036 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 8276
  • Assessor Parcel Number 8568021009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,362
  • Trash Expense $914
  • Water Sewer Expense $780
  • Gross Income $3,600
  • Net Operating Income $40,144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,197

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Assessments: Yes
  • Ad Number: 6262211600
  • Other Phone Description: Agent Cell
  • Other Phone Number: 6262211600
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 780.00
  • Zoning: R1
  • Property Type: Residential Income
  • Parcel Number: 8568021009
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 265.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Individual Room
  • Trash Expense: 914.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 9550.00
  • Lot Size Acres: 0.2190

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1362.00
  • Lot Size Area: 9550.0000 Square Feet
  • Net Operating Income: 40144.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3056.00
  • Rent Control: No

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 8276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2013
Closed on
Feb 18, 2014
Sold by
Belen Marta N and Marta N Belen Living Trust
Bought by
Vuong Dudley and Vuong Lilian
Seller's Agent
Wendy Gruber
Seven Gables Real Estate
Buyer's Agent
Wendy Gruber
Seven Gables Real Estate
List Price
$580,000
Sold Price
$540,000
Premium/Discount to List
-$40,000
-6.9%
Current Estimated Value
$967,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,369
Avg. Annual Appreciation
5.19%
Original Mortgage
$324,000
Interest Rate
5.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Vuong Dudley $545,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vuong Dudley $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2014 04/18/14 Sold $540,000 -6.9% $265 / Sq Ft
02/17/2014 02/17/14 Pending -- -- --
12/17/2013 12/17/13 For Sale $580,000 -- $285 / 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 $9,197 $661,951 $465,821 $196,130
2024 $9,197 $648,973 $456,688 $192,285
2023 $9,016 $636,249 $447,734 $188,515
2022 $8,682 $623,774 $438,955 $184,819
2021 $8,799 $611,545 $430,349 $181,196
2020 $8,774 $605,276 $425,937 $179,339
2019 $8,978 $593,409 $417,586 $175,823
2018 $8,759 $581,775 $409,399 $172,376
2016 $8,403 $559,186 $393,502 $165,684
2015 $8,308 $550,788 $387,592 $163,196
2014 $1,410 $65,344 $20,570 $44,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13248795

California Regional Multiple Listing Service (CRMLS)

APN: 8568-021-009