M
Seller's Agent in 2018
Michael Bertelli
United States Management Group
12072 Preston St Grand Terrace, CA 92313
Estimated Value: $568,000 - $754,000
5
Beds
4
Baths
2,000
Sq Ft
$312/Sq Ft
Est. Value
Highlights
- No Units Above
- Private Yard
- Laundry Room
- RV Access or Parking
- No HOA
- 1 Car Garage
About This Home
As of December 2018A large L shaped lot with a Park like setting with charm and personality! Lot A is accessed on Preston, and Unit B is assessed off Palm. Talk about investment property look at all the options you will have with this great lot.
This property is currently a duplex in a terrific, location property could use a face lift. Unit "A" is 3 bedrooms 1 3/4-bathroom, front room and small family room vinyl, carpet floors, 2 window A/Cs and dual sided wall heater plus a breezeway into single car garage and W/D hookups.
Unit B is accessed from Palm and is a two bedroom, 1 1/2 bath with indoor laundry and window A/C.
Preliminary City approval has been completed to build a three or possible four unit condos on the property, or keep them in the current configuration with two units. Both Units currently rented, possibilities are endless, have your choice Live in one and rent the other,
Live in one and have a great in-law unit with their own driveway and entrance
Build three or possible four new units.
Keep both as rentals. Good renters would like to stay.
Being sold AS IS condition, No FHA. Buyer may need to assist with 1031 exchange. Please do not disturb Tenants! 24 hour notice needed for showing
Last Agent to Sell the Property
Michael Bertelli
United States Management Group License #01755685 Listed on: 09/01/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,028
Year Built
- Built in 1955
Lot Details
- 0.27 Acre Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Level Lot
- Private Yard
- Lawn
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
- Parking Available
- Private Parking
- Front Facing Garage
- Gravel Driveway
- Unpaved Parking
- RV Access or Parking
Home Design
- Property Attached
Interior Spaces
- 2,000 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Gas And Electric Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, telephone
- Tax Lot 0276
- Tax Tract Number 276
- Assessor Parcel Number 0276202400000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $1,188
- Gardener Expense $720
- Insurance Expense $1,184
- Trash Expense $1,292
- Water Sewer Expense $917
- New Taxes Expense $3,750
- Operating Expense $9,051
- Net Operating Income $17,529
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2018
Closed on
Nov 29, 2018
Sold by
Adams Shawn and Adams Robin
Bought by
Arellano Jesus and Arellano Soledad
Seller's Agent
Michael Bertelli
United States Management Group
Buyer's Agent
Alejandra Santacruz
Town & Country Real Estate
List Price
$375,000
Sold Price
$372,000
Premium/Discount to List
-$3,000
-0.8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,420
Avg. Annual Appreciation
7.61%
Original Mortgage
$99,000
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 1, 2013
Sold by
Adams Shawn and Adams Robin
Bought by
Shawn & Robin Adams Family Trust
Purchase Details
Listed on
Sep 27, 2012
Closed on
Oct 4, 2012
Sold by
Parks Lori L
Bought by
Adams Shawn and Adams Robin
Seller's Agent
Susan Tedrow
SUSAN TEDROW REAL ESTATE, INC.
Buyer's Agent
Jaime Becerra
Re/Max Partners
List Price
$220,000
Sold Price
$225,000
Premium/Discount to List
$5,000
2.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.11%
Original Mortgage
$130,000
Interest Rate
3.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 9, 2006
Sold by
Parkes Kevin J
Bought by
Parkes Lori L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,500
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Sep 24, 2003
Sold by
Armstrong Lula Vivan
Bought by
Parkes Kevin J and Parkes Lori L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 14, 1996
Sold by
Armstrong Herman H and Armstrong Vivan
Bought by
Armstrong Herman H and Armstrong Lula Vivan
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arellano Jesus | $372,000 | Lawyers Title | |
| Shawn & Robin Adams Family Trust | -- | Netco Title | |
| Adams Shawn | $225,000 | Ticor Title Compapny | |
| Parkes Lori L | -- | Community Title Company | |
| Parkes Kevin J | $214,000 | Stewart Title | |
| Armstrong Herman H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Arellano Jesus | $104,000 | |
| Closed | Arellano Jesus | $99,000 | |
| Previous Owner | Adams Shawn | $130,000 | |
| Previous Owner | Parkes Lori L | $197,500 | |
| Previous Owner | Parkes Kevin J | $192,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/08/2018 12/08/18 | Sold | $372,000 | -0.8% | $186 / Sq Ft |
| 10/24/2018 10/24/18 | Pending | -- | -- | -- |
| 10/09/2018 10/09/18 | For Sale | $375,000 | 0.0% | $188 / Sq Ft |
| 10/03/2018 10/03/18 | Pending | -- | -- | -- |
| 09/01/2018 09/01/18 | For Sale | $375,000 | +66.7% | $188 / Sq Ft |
| 11/27/2012 11/27/12 | Sold | $225,000 | +2.3% | $113 / Sq Ft |
| 10/02/2012 10/02/12 | Pending | -- | -- | -- |
| 09/27/2012 09/27/12 | For Sale | $220,000 | -- | $111 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $3,028 | $247,706 | $56,295 | $191,411 |
| 2024 | $3,028 | $242,849 | $55,191 | $187,658 |
| 2023 | $3,029 | $238,087 | $54,109 | $183,978 |
| 2022 | $2,981 | $233,419 | $53,048 | $180,371 |
| 2021 | $3,033 | $228,842 | $52,008 | $176,834 |
| 2020 | $3,040 | $379,440 | $76,500 | $302,940 |
| 2019 | $5,000 | $372,000 | $75,000 | $297,000 |
| 2018 | $3,183 | $243,507 | $50,865 | $192,642 |
| 2017 | $3,071 | $238,733 | $49,868 | $188,865 |
| 2016 | $3,149 | $234,052 | $48,890 | $185,162 |
| 2015 | $3,048 | $230,537 | $48,156 | $182,381 |
| 2014 | $2,942 | $226,021 | $47,213 | $178,808 |
Source: Public Records
Agents Affiliated with this Home
-
-
Alejandra Santacruz
Buyer's Agent in 2018
Alejandra Santacruz
Town & Country Real Estate
(909) 473-9000
1 in this area
105 Total Sales
-
Susan Tedrow
Seller's Agent in 2012
Susan Tedrow
SUSAN TEDROW REAL ESTATE, INC.
(909) 225-3888
20 in this area
47 Total Sales
-
Jaime Becerra
Buyer's Agent in 2012
Jaime Becerra
RE/MAX
(951) 515-0817
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18164584
APN: 0276-202-40
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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