$420,000
SOLD MAY 17, 2017

1190 Fair Oaks Ave Arroyo Grande, CA 93420

10 Beds
-- Bath
1,460 Sq Ft
5,449 Sq Ft Lot

Recently Sold

$288 Per Sq Ft

20% Below List Price

51 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • Arroyo Grande High School Rated A-

About This Home

As of December 2018

Marketing Remarks: Looking for a home with a guest unit? Well here it is, in beautiful Arroyo Grande. This 3 bedroom 2 bath home comes with an additional, permitted studio in the back with an attached 2 car garage. Located within the HARLOE ELEMENTARY school boundary and within walking distance to transit services. What an incredible investment opportunity! This home is perfect for a buyer willing to get their hands dirty. Please contact your Realtor to make an appointment!

Last Agent to Sell the Property

Faye Ogden

Century 21 Masters-Arroyo Grande License #00611759 Listed on: 01/28/2017

Century 21 Masters-Arroyo Grande

Co-Listed By

Jose Vela

805 Real Estate, Inc. License #01978976

Last Buyer's Agent

Dustin Pires

Triad Real Estate Group License #01928515

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,730

Year Built

  • Built in 1940

Lot Details

  • 5,449 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • 1,460 Sq Ft Home
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 10 Bedrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • Parking Available
  • On-Street Parking
  • On-Site Parking

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $22,800

Listing and Financial Details

  • Tenant pays for gas, water, trash collection, electricity, cable TV
  • Assessor Parcel Number 077182023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,730

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Subdivision Name Other: West of 101(1000)
  • Zoning: R
  • Property Type: Residential Income
  • Parcel Number: 077182023
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 287.67

Exterior Features

  • Foundation: Raised, Slab
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Street, On Site

Utilities

  • Utilities: Cable Available
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Washer Hookup

Condo/Co-op/Association

  • Community Features: Sidewalks, Curbs

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5449.00

Rental Info

  • Tenant Pays: Gas, Water, Trash Collection, Electricity, Cable TV

Multi Family

  • Gross Operating Income: 22800.00
  • Number Of Units Total: 2
  • Operating Expense: 2000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2018
Closed on
Nov 8, 2018
Sold by
Harman Eric and Harman Christina
Bought by
Dungan Donna J and Donna Dungan Trust
Seller's Agent
Dustin Pires
Triad Real Estate Group
Buyer's Agent
Matt Sansone
Compass
List Price
$649,000
Sold Price
$590,000
Premium/Discount to List
-$59,000
-9.09%
Current Estimated Value
$947,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,480
Avg. Annual Appreciation
7.44%
Original Mortgage
$390,000
Outstanding Balance
$346,259
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$604,021

Purchase Details

Listed on
Jan 28, 2017
Closed on
Mar 31, 2017
Sold by
Harman Susan
Bought by
Harman Larry
Seller's Agent
Faye Ogden
Century 21 Masters-Arroyo Grande
Buyer's Agent
Dustin Pires
Triad Real Estate Group
List Price
$525,000
Sold Price
$420,000
Premium/Discount to List
-$105,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.34%
Original Mortgage
$399,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 28, 2017
Closed on
Mar 29, 2017
Sold by
Carrasco Ignacio and Simmons Columba
Bought by
Harman Eric and Harman Christina
Seller's Agent
Faye Ogden
Century 21 Masters-Arroyo Grande
Buyer's Agent
Dustin Pires
Triad Real Estate Group
List Price
$525,000
Sold Price
$420,000
Premium/Discount to List
-$105,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2005
Sold by
Peterson Stanley C and Peterson Jill D
Bought by
Carrasco Ignacio and Carrasco Columba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,800
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 28, 2004
Sold by
Gregory Luann Jean
Bought by
Peterson Stanley C and Peterson Jill D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2001
Sold by
Dollinger John Allan and Dollinger Carol Denise
Bought by
Gregory Luann Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,300
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 3, 1997
Sold by
Dollinger John Allan and Dollinger John Allen
Bought by
Dollinger John Allan and Dollinger Carol Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.16%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Grant Deed $590,000 First American Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $420,000 Fidelity National Title Co
Grant Deed $489,000 First American Title Co
Grant Deed $405,000 Fidelity Title Company
Grant Deed $255,000 First American Title
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $390,000 New Conventional
Previous Owner $399,000 Commercial
Previous Owner $97,800 Credit Line Revolving
Previous Owner $391,200 Commercial
Previous Owner $324,000 Commercial
Previous Owner $270,000 Commercial
Previous Owner $226,649 FHA
Previous Owner $223,300 FHA
Previous Owner $108,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2018 12/07/18 Sold $590,000 -1.5% $404 / Sq Ft
11/05/2018 11/05/18 Pending -- -- --
09/13/2018 09/13/18 Price Changed $599,000 -4.8% $410 / Sq Ft
08/03/2018 08/03/18 Price Changed $629,000 -3.1% $431 / Sq Ft
06/08/2018 06/08/18 For Sale $649,000 +54.5% $445 / Sq Ft
05/17/2017 05/17/17 Sold $420,000 0.0% $288 / Sq Ft
05/17/2017 05/17/17 Sold $420,000 -11.4% $288 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/18/2017 03/18/17 Pending -- -- --
03/02/2017 03/02/17 Price Changed $474,000 0.0% $325 / Sq Ft
03/02/2017 03/02/17 Price Changed $474,000 -5.0% $325 / Sq Ft
02/02/2017 02/02/17 Price Changed $499,000 0.0% $342 / Sq Ft
02/02/2017 02/02/17 Price Changed $499,000 -5.0% $342 / Sq Ft
01/28/2017 01/28/17 For Sale $525,000 0.0% $360 / Sq Ft
01/28/2017 01/28/17 For Sale $525,000 0.0% $360 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
12/14/2016 12/14/16 Price Changed $525,000 -4.4% $360 / Sq Ft
11/29/2016 11/29/16 For Sale $549,000 -- $376 / 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
2024 $6,730 $645,248 $328,093 $317,155
2023 $6,730 $632,597 $321,660 $310,937
2022 $6,628 $620,194 $315,353 $304,841
2021 $6,616 $608,034 $309,170 $298,864
2020 $6,540 $601,800 $306,000 $295,800
2019 $6,493 $590,000 $300,000 $290,000
2018 $4,751 $428,400 $280,500 $147,900
2017 $5,040 $460,000 $320,000 $140,000
2016 $4,556 $432,000 $303,000 $129,000
2015 $4,350 $410,000 $288,000 $122,000
2014 $4,276 $410,000 $288,000 $122,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI1074585

California Regional Multiple Listing Service (CRMLS)

APN: 077-182-023