NOT LISTED FOR SALE

130 S Hewes St Orange, CA 92869

Orange Area
Studio
-- Baths
10,057 Sq Ft
0.45 Acre Lot

Sale Details

Date Sold: November 5, 2018

Last sale price $4,500,000 $447 Per Sq Ft

165 Days on Market

Highlights

  • 19,689 Sq Ft lot
  • Central Heating and Cooling System
  • 22 Car Garage
  • El Modena High School Rated A-

About This Home

As of November 2018

Encore at Hewes is a 12-unit Active Adult (55+) multifamily community in Orange, California. Constructed in 2017, the property was developed and owned by the current ownership and is located in a strong rental market, at the intersection of East Chapman and Hewes Street. All units feature one-bedroom with den layouts with condominium quality floor plans, granite countertops, central heat and air conditioning and washer/dryer hookups. This opportunity presents an investor to acquire a new construction, pride of ownership asset in a desirable submarket in the heart of Orange County. Additional amenities include a furnished clubhouse with gourmet kitchen, beautifully landscaped courtyard and a fitness center. Encore at Hewes is located in the affluent area of the Orange Foothills near many shopping centers and restaurants. The property is also minutes away from the 55 and 22 Freeways, Old Towne Orange, Chapman University and Irvine Regional Park. No rent control.

Last Agent to Sell the Property

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 12/04/2017

Last Buyer's Agent

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 12/04/2017

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 0.45

Parking

  • 22 Car Garage

Interior Spaces

  • 10,057 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Additional Features

  • 19,689 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 392-181-21

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0.45 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10057
  • Stories: 2
  • Year Built: 2017
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Dishwasher, Garbage Disposal
  • Price Per S Q F T: 496.67

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 22

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 0
  • Assessed Land Value: 950000
  • Assessor Parcel Number: 392-181-21
  • Geocode Override: No
  • Lot Size Area: 19689

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.85
  • Number Of Units: 12
  • Type Of Units: Apartments

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2017
Closed on
Sep 24, 2018
Sold by
Encore Hewes Llc
Bought by
Seller's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
Buyer's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
List Price
$4,995,000
Sold Price
$4,500,000
Premium/Discount to List
-$495,000
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,590,000
Outstanding Balance
$2,211,308
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2016
Sold by
Smrs Properties Llc
Bought by
Encore Hewes Llc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Rich Howard
Bought by
Smrs Properties Llc

Purchase Details

Closed on
Jul 21, 2005
Sold by
Miller America
Bought by
Miller Marvin

Purchase Details

Closed on
Aug 28, 2002
Sold by
Miller Robert and Miller America
Bought by
Miller Robert and Miller America

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2002
Sold by
Miller Robert L and Miller America T
Bought by
Robert L & America T Miller Revocable Tr
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,650,000 First American Title Ins Co
Encore Hewes Llc $950,000 First American Title Company
Smrs Properties Llc -- Lawyers Title
Miller Marvin -- Orange Coast Title
Miller Robert -- American Title Co
Robert L & America T Miller Revocable Tr -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $250,000
Open Marlon Ltd $2,590,000
Closed Marlon Ltd $2,590,000
Previous Owner Encores Hewes Llc $2,450,000
Previous Owner Encore Hewes Llc $2,000,000
Previous Owner Miller Robert $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/05/2018 11/05/18 Sold $4,500,000 -9.9% $447 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
12/04/2017 12/04/17 For Sale $4,995,000 -- $497 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $56,516 $5,120,231 $2,275,660 $2,844,571
2025 $56,516 $5,019,835 $2,231,039 $2,788,796
2024 $55,267 $4,921,407 $2,187,293 $2,734,114
2023 $54,043 $4,824,909 $2,144,405 $2,680,504
2022 $52,994 $4,730,303 $2,102,357 $2,627,946
2021 $51,517 $4,637,552 $2,061,134 $2,576,418
2020 $51,042 $4,590,000 $2,040,000 $2,550,000
2019 $50,403 $4,500,000 $2,000,000 $2,500,000
2018 $28,452 $2,411,529 $969,000 $1,442,529
2017 $9,833 $950,000 $950,000 $0
2016 $8,408 $812,200 $812,200 $0
2015 $8,287 $800,000 $800,000 $0
2014 $7,726 $747,126 $747,126 $0
Source: Public Records

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Map

Source: The MLS

MLS Number: 17-294038

The MLS

APN: 392-181-21

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