NOT LISTED FOR SALE

Estimated Value: $1,508,275

3 Beds
2 Baths
1,653 Sq Ft
$912/Sq Ft Est. Value

Last Sold May 25, 2016

Last sale price $789,000 $477 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $9,197/month

40 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Forced Air Heating System
  • Heinz Kaiser Elementary School Rated A
  • Laundry Room
  • 2 Car Garage

About This Home

As of May 2016

Huge 40K price reduction!!! Seller wants this property sold! Amazing duplex for investor or owner occupant. A short bike ride from the Ocean and Back Bay. Located in the highly desirable East Side of Costa Mesa. 2 Units with no shared walls. Front house is a single level 2 bed one 1 bath home in great shape. The back unit is a 1 bed 1 bath located above the two car garage. Lot size is 3,750 sqft. Great freeway access, around the corner from Mother's Market. Property is "Grandfathered" in. Zoning is R2-HD and the property is legal nonconforming.

Last Agent to Sell the Property

Brandon Svihl

Vista Real Estate Corp. License #01492279 Listed on: 04/07/2016

Last Buyer's Agent

Rob Brandon

License #01879120

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,270

Year Built

  • Built in 1961

Lot Details

  • 3,750 Sq Ft Lot
  • Lot Dimensions are 30x125
  • Property fronts an alley
  • No Common Walls
  • Block Wall Fence

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Raised Foundation
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,653 Sq Ft Home
  • Open Floorplan
  • Laminate Flooring
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 633
  • Assessor Parcel Number 42545208

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Water Sewer Expense $500
  • New Taxes Expense $8,000
  • Gross Income $4,000
  • Net Operating Income $41,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,270

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Range, and Range Hood Vent
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Eastside South (ESCM)
  • Water Sewer Expenses: 500.00
  • Property Type: Residential Income
  • Parcel Number: 42545208
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 477.31

Exterior Features

  • Foundation: Raised
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition, Shingle, Tar/Gravel
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Two Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood
  • Heating Type: Central, Forced Air, Natural Gas, Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Size: 30x125
  • Lot Size Sq Ft: 3750.00
  • Price Per Lot Square Foot: 210.40

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 653
  • Average2 Bed Area: 1000
  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 41100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6900.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Lot: 35
  • Tax Tract Number: 633.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2022
Sold by
Unknown
Bought by
Tipre Christopher Michael and Tipre Avery T
Current Estimated Value
$1,508,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,947
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2016
Closed on
Apr 27, 2016
Sold by
Ferrante William
Bought by
Tipre Christopher Michael
Seller's Agent
Brandon Svihl
Vista Real Estate Corp.
Buyer's Agent
Rob Brandon
List Price
$829,500
Sold Price
$789,000
Premium/Discount to List
-$40,500
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$78,900
Interest Rate
3.64%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 2011
Sold by
Karl Theodor and Karl John Peter
Bought by
Ferrante William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2010
Sold by
Karl Theodor
Bought by
Karl Theodor and Karl John Peter

Purchase Details

Closed on
Jul 27, 2007
Sold by
Schmid Peter L
Bought by
Schmid Peter L
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 Buyer Sale Price Title Company
Tipre Christopher Michael -- Mortgage Connect
Tipre Christopher Michael $789,000 Lawyers Title
Ferrante William $400,000 Orange Coast Title
Karl Theodor -- None Available
Karl John Peter -- None Available
Karl Theodor -- None Available
Schmid Peter L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tipre Christopher Michael $564,947
Previous Owner Tipre Christopher Michael $350,000
Previous Owner Tipre Christopher Michael $78,900
Previous Owner Tipre Christopher Michael $631,200
Previous Owner Ferrante William $291,000
Previous Owner Ferrante William $303,000
Previous Owner Ferrante William $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2016 05/25/16 Sold $789,000 -4.9% $477 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $829,500 -- $502 / 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
2025 $11,270 $934,010 $665,293 $268,717
2024 $11,270 $915,697 $652,248 $263,449
2023 $10,889 $897,743 $639,459 $258,284
2022 $10,538 $880,141 $626,921 $253,220
2021 $10,202 $862,884 $614,629 $248,255
2020 $10,076 $854,037 $608,327 $245,710
2019 $9,856 $837,292 $596,399 $240,893
2018 $9,656 $820,875 $584,705 $236,170
2017 $9,497 $804,780 $573,240 $231,540
2016 $5,389 $416,669 $304,222 $112,447
2015 $5,339 $410,411 $299,653 $110,758
2014 $5,226 $402,372 $293,783 $108,589
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16056446

California Regional Multiple Listing Service (CRMLS)

APN: 425-452-08