NOT LISTED FOR SALE

Estimated Value: $1,204,000 - $1,267,000

2 Beds
2 Baths
1,113 Sq Ft
$1,107/Sq Ft Est. Value

Last Sold May 11, 2017

Last sale price $819,000 $736 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,659/month

7 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • 2 Car Direct Access Garage
  • Naples Bayside Academy Rated A
  • Corner Lot
  • Laundry Room

About This Home

As of May 2017

Fantastic price on this charming duplex in the center of Belmont Shore. Its location on one of only two tree-lined streets in the neighborhood as well as its proximity to the bay and ocean make it very desirable to tenants. The building consists of one-bedroom, one bathroom units that bring in $2,900 per month. In addition to the Spanish façade, the property boasts 1920's vintage details such as hardwood floors, architectural ceilings, dressing area in one of the units, a relaxing front porch and private outdoor space per unit. Each unit also has its own laundry area and access to the small garages, which provide ample storage space. There is also the ability to park a car in front of the garages for the tenants when needed.

Last Agent to Sell the Property

Kendra Miller

Keller Williams Coastal Prop. License #01396646 Listed on: 03/16/2017

Keller Williams Coastal Prop.

Last Buyer's Agent

Kendra Miller

Keller Williams Coastal Prop. License #01396646 Listed on: 03/16/2017

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,959

Year Built

  • Built in 1924

Lot Details

  • 2,460 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1,113 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dressing Area
  • Jack-and-Jill Bathroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside
  • Stacked Washer and Dryer

Additional Features

  • Urban Location
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247010001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $240
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $2,640
  • Gross Income $34,800
  • Net Operating Income $32,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,959

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2S
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 240.00
  • Parcel Number: 7247010001
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 735.85
  • Room Type: Dressing Area, Jack & Jill

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: In Garage, Outside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2460.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Other

Multi Family

  • Gross Income: 34800.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 32160.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2640.00
  • Rent Control: No
  • Total Actual Rent: 2900.00
  • Total Expenses: 2640.00

Tax Info

  • Tax Census Tract: 5773.00
  • Tax Lot: 1
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Mar 24, 2017
Sold by
Chee Alan W and Chee Paula J
Bought by
Bailey Steven L and Balley Susan W
Seller's Agent
Kendra Miller
Keller Williams Coastal Prop.
Buyer's Agent
Kendra Miller
Keller Williams Coastal Prop.
List Price
$849,000
Sold Price
$819,000
Premium/Discount to List
-$30,000
-3.53%
Current Estimated Value
$1,232,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,247
Avg. Annual Appreciation
5.03%
Original Mortgage
$543,000
Interest Rate
4.14%
Mortgage Type
New Conventional
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
Bailey Steven L $819,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Steven L $543,000
Previous Owner Chee Alan W $287,500
Previous Owner Chee Alan W $100,000
Previous Owner Chee Alan W $300,000
Previous Owner Chee Alan W $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2017 05/11/17 Sold $819,000 -3.5% $736 / Sq Ft
03/16/2017 03/16/17 For Sale $849,000 -- $763 / 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 $11,959 $950,512 $812,407 $138,105
2024 $11,959 $931,876 $796,478 $135,398
2023 $11,758 $913,605 $780,861 $132,744
2022 $11,029 $895,692 $765,550 $130,142
2021 $10,819 $878,131 $750,540 $127,591
2019 $10,664 $852,087 $728,280 $123,807
2018 $10,383 $835,380 $714,000 $121,380
2016 $2,785 $217,155 $161,484 $55,671
2015 $2,677 $213,894 $159,059 $54,835
2014 $2,667 $209,705 $155,944 $53,761
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17055950

California Regional Multiple Listing Service (CRMLS)

APN: 7247-010-001