NOT LISTED FOR SALE

1240 E Locust Ave Orange, CA 92867

Estimated Value: $988,059 - $1,246,000

2 Beds
2.5 Baths
850 Sq Ft
$1,255/Sq Ft Est. Value

Highlights

  • New Construction
  • Neighborhood Views
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property

About This Home

As of March 2024

New Construction Home! Newly built ADU located in Orange near shopping and schools. Includes new laminate flooring, new paint, Brand new kitchen with stainless steel appliances. Large bedrooms with closets. Water and Trash included. A must see home

Last Agent to Rent the Property

Jeremy Wayland

Lionheart Pride Brokerage Phone: 714-745-7318 License #01388205 Listed on: 01/16/2024

Last Renter's Agent

Joe Perez

Ricci Realty License #01233253

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 6,322 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 850 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Security Deposit $2,795
  • Rent includes gardener, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 1/16/24
  • Tax Lot 57
  • Tax Tract Number 2663
  • Assessor Parcel Number 37550231

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Limit on the number of pets
  • Pet Deposit $250

Property Details

Home Type

Multi-Family

Year Built

Built in 2024 | New Construction

Lot Details

0

Rental Info

  • Cashiers Check: Pet Deposit, Security Deposit
  • Available Date: 2024-01-16
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 250
  • Deposit Security: 2795
  • Furnished: Unfurnished
  • Pets Allowed: Number Limit
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Duplex
  • Property Attached: No
  • View: Yes
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 37550231
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 850.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3.17
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6322.00
  • Lot Size Acres: 0.1451

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 6322.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 762.06
  • Tax Lot: 57
  • Tax Tract Number: 2663

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2022
Sold by
Meyer Paula E
Bought by
Oto 316 Llc
Current Estimated Value
$1,066,515

Purchase Details

Closed on
Dec 14, 2021
Sold by
Cleland Bradley J
Bought by
Cleland Paula E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2020
Sold by
Cleland Bradley
Bought by
Meyer Paula E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2020
Sold by
Rdfn Ventures Inc
Bought by
Meyer Paula E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2019
Sold by
Armstrong Eva Maria
Bought by
Rdfn Ventures Inc

Purchase Details

Closed on
Jun 15, 2006
Sold by
Armstrong Eva Maria
Bought by
Armstrong Eva Maria and Eva Maria Armstrong Separate Property Tr

Purchase Details

Closed on
Aug 15, 2001
Sold by
Armstrong Eva Maria
Bought by
Armstrong Eva Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.21%

Purchase Details

Closed on
Jul 6, 2000
Sold by
Armstrong Eva Maria
Bought by
Armstrong Eva Maria and Eva Maria Armstrong Separate Property Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Oto 316 Llc -- None Listed On Document
Cleland Paula E -- Lawyers Title
Cleland Paula E -- Lawyers Title
Meyer Paula E -- Ticor Title San Diego Branch
Meyer Paula E $650,000 Ticor Title San Diego Branch
Rdfn Ventures Inc $585,000 Ticor Title San Diego Branch
Armstrong Eva Maria -- None Available
Armstrong Eva Maria -- American Title Co
Armstrong Eva Maria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cleland Paula E $392,000
Previous Owner Meyer Paula E $295,000
Previous Owner Armstrong Eva Maria $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2024 03/21/24 Rented $2,695 0.0% --
02/13/2024 02/13/24 Under Contract -- -- --
02/12/2024 02/12/24 Price Changed $2,695 -3.6% $3 / Sq Ft
01/16/2024 01/16/24 For Rent $2,795 -- --
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 $7,909 $844,894 $568,697 $276,197
2024 $7,909 $696,930 $557,546 $139,384
2023 $7,590 $683,265 $546,614 $136,651
2022 $7,444 $669,868 $535,896 $133,972
2021 $7,236 $656,734 $525,388 $131,346
2020 $6,488 $585,000 $528,251 $56,749
2019 $1,077 $75,098 $39,387 $35,711
2018 $1,060 $73,626 $38,615 $35,011
2017 $1,023 $72,183 $37,858 $34,325
2016 $1,005 $70,768 $37,116 $33,652
2015 $988 $69,705 $36,558 $33,147
2014 $966 $68,340 $35,842 $32,498
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Wayland

    Landlord's Agent in 2024

    Jeremy Wayland

    Lionheart Pride

    (714) 745-7318

    21 in this area

    46 Total Sales

    Jeremy Wayland
    Section Image
  • Joe Perez

    Tenant's Agent in 2024

    Joe Perez

    Ricci Realty

    (714) 244-0045

    1 in this area

    18 Total Sales

    Joe Perez
    Section Image

  • J

    Tenant's Agent in 2024

    Joseph Pereira

    Cal State Realty Services

    (925) 406-9036

    1 in this area

    14 Total Sales

    Joseph Pereira
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24009283

California Regional Multiple Listing Service (CRMLS)

APN: 375-502-31

California Orange County Orange 92867

1240 E Locust Ave, Orange, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes