D
Seller's Agent in 2021
Dave Korte
Mak Home Realty & Inv
(714) 996-0887
1 in this area
9 Total Sales
131 Malvern Ave Fullerton, CA 92832
Golden Hills NeighborhoodEstimated Value: $1,415,000 - $1,909,000
6
Beds
4
Baths
2,840
Sq Ft
$606/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- 1-Story Property
- Golden Hill Elementary School Rated A-
- Forced Air Heating System
About This Home
As of October 2021Rare 3 Unit Fullerton vintage home with a unique blend of original charm and designer upgrades. This home is near the heart of downtown Fullerton, just a 2 min walk away from shopping, great dining, entertainment, and the Fullerton Transportation Center. The curb appeal of this home is picture perfect: located on an old-growth, tree-lined street with sought-after craftsman architecture, and a large front porch. This rare find boast the highest pro-forma return of any recent 3 unit in Fullerton. Appealing to Investors or owner occupied owners that want to off-set their monthly expenses with rental income.
Last Agent to Sell the Property
Mak Home Realty & Inv License #01343196 Listed on: 05/13/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,153
Year Built
- Built in 1929
Lot Details
- 6,970 Sq Ft Lot
- 1 Common Wall
- Front and Back Yard Sprinklers
- Density is 6-10 Units/Acre
Parking
- 2 Open Parking Spaces
- 4 Car Garage
- Parking Available
Home Design
- Triplex
Interior Spaces
- 2,840 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Suburban Location
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, security, telephone
- Legal Lot and Block 20 / 2
- Tax Tract Number 337
- Assessor Parcel Number 03220414
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Malvern Creek Subdivision
Building Details
- 3 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Gardener Expense $960
- Insurance Expense $2,400
- Trash Expense $800
- Water Sewer Expense $4,000
- Operating Expense $6,720
- Gross Income $88,800
- Net Operating Income $82,080
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2021
Closed on
Aug 30, 2021
Sold by
Sowers Richard E and Sowers Patricia L
Bought by
Padilla Angel and Angel Padilla Jr Revocable Tru
Seller's Agent
Dave Korte
Mak Home Realty & Inv
Buyer's Agent
Diana Veloz
Confirmed Properties
List Price
$1,600,000
Sold Price
$1,400,500
Premium/Discount to List
-$199,500
-12.47%
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
$319,732
Avg. Annual Appreciation
4.41%
Original Mortgage
$980,000
Outstanding Balance
$901,390
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$755,145
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 |
|---|---|---|---|
| Padilla Angel | $1,400,500 | Wfg National Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Padilla Angel | $980,000 | |
| Previous Owner | Sowers Richard E | $402,000 | |
| Previous Owner | Sowers Richard E | $417,000 | |
| Previous Owner | Sowers Richard E | $533,850 | |
| Previous Owner | Sowers Richard E | $100,000 | |
| Previous Owner | Sowers Richard E | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2021 10/06/21 | Sold | $1,400,500 | -12.5% | $493 / Sq Ft |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- |
| 05/13/2021 05/13/21 | For Sale | $1,600,000 | -- | $563 / 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 | $15,153 | $1,457,080 | $1,242,072 | $215,008 |
| 2024 | $15,153 | $1,370,000 | $1,163,340 | $206,660 |
| 2023 | $15,078 | $1,144,000 | $937,340 | $206,660 |
| 2022 | $15,606 | $1,400,500 | $1,193,840 | $206,660 |
| 2021 | $5,333 | $447,303 | $255,162 | $192,141 |
| 2020 | $5,303 | $442,717 | $252,546 | $190,171 |
| 2019 | $5,170 | $434,037 | $247,594 | $186,443 |
| 2018 | $5,093 | $425,527 | $242,739 | $182,788 |
| 2017 | $5,010 | $417,184 | $237,980 | $179,204 |
| 2016 | $4,908 | $409,004 | $233,313 | $175,691 |
| 2015 | $4,774 | $402,861 | $229,809 | $173,052 |
| 2014 | $4,638 | $394,970 | $225,307 | $169,663 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Korte
-
Diana Veloz
Buyer's Agent in 2021
Diana Veloz
Confirmed Properties
(626) 833-8383
1 in this area
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21101816
APN: 032-204-14
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.
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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