NOT LISTED FOR SALE

Estimated Value: $1,087,003 - $1,271,000

6 Beds
4 Baths
2,700 Sq Ft
$438/Sq Ft Est. Value

Last Sold January 08, 2016

Last sale price $630,000 $233 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $7,268/month

81 Days on Market

Highlights

  • Gated Parking
  • Property is Fully Fenced
  • 1-Story Property
  • Cul-De-Sac
  • Level Lot

About This Home

As of January 2016

Own for as little as $1675/mo with 3.5% down! CHEAPER THAN RENT! 6% CAP RATE. RENTS ARE ACTUAL NOT PROJECTED! Huge cash flow $4275/mo! Remodeled duplex on a quiet cul de sac street, #134 is 3bed/2 baths with private patio. #136 is 3/2 w/ attached office or 4th bedroom, plus a huge finished 600 square foot workshop (man cave), & very large private back yard. Huge 10,000sf lot. Each has new kitchen w/ granite counter tops, new cabinets, SS appliances, laminate wood flooring, travertine stone, upgraded baths & fixtures, mirrored wardrobe doors & skylights, W/D hook ups.

Last Agent to Sell the Property

Linda Pasas

Pasas Properties License #01148603 Listed on: 09/11/2015

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,832

Year Built

  • Built in 1958

Lot Details

  • Cul-De-Sac
  • Property is Fully Fenced
  • Level Lot

Parking

  • Gated Parking

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for sewer, trash, cable TV, electricity, gas/propane
  • Assessor Parcel Number 619-250-44-00

Community Details

Overview

  • 2 Units
  • Glenhaven Community

Building Details

  • Net Operating Income $47,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,832

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: 1ST
  • Neighborhood: CHULA VISTA
  • Supplement: Each has new kitchen w/ granite counter tops, new cabinets, SS appliances, laminate wood flooring, travertine stone, upgraded baths & fixtures, mirrored wardrobe doors & skylights, W/D hook ups.
  • Miscellaneous: Value in Land
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: Gated

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Glenhaven
  • Community: CHULA VISTA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Cul-De-Sac
  • Topography: Level
  • Assessor Parcel Number: 619-250-44-00
  • Land Use Code: 2
  • Map Code Column: E
  • Map Code Page: 1330
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Sewer, Trash, Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 47700
  • Annual Expense Actual: 3900
  • Gross Rent Multiplier Actual: 13.19
  • Gross Sched Income Actual: 51600
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2016
Sold by
Gifford Michael D and Ginsberg Benjamin P
Bought by
Gifford Michael D and Ginsberg Benjamin P
Current Estimated Value
$1,183,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$376,020
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$797,985

Purchase Details

Listed on
Sep 11, 2015
Closed on
Dec 8, 2015
Sold by
Alchemy Homes Llc
Bought by
Gifford Michael D and Ginsberg Benjamin P
Seller's Agent
Linda Pasas
Pasas Properties
Buyer's Agent
Non-Member Default
Default Non-Member Office
List Price
$669,000
Sold Price
$630,000
Premium/Discount to List
-$39,000
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$472,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2014
Sold by
Alchemy Homes Llc
Bought by
Alchemy Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.23%
Mortgage Type
Unknown

Purchase Details

Listed on
Nov 13, 2013
Closed on
Dec 5, 2013
Sold by
Carter Julie
Bought by
Alchemy Homes Llc
Seller's Agent
Mark Scott
Coldwell Banker West
Buyer's Agent
Linda Pasas
Pasas Properties
List Price
$295,000
Sold Price
$295,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.55%

Purchase Details

Closed on
Mar 10, 2006
Sold by
Lott Wesley B
Bought by
Lott Wesley Bryan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gifford Michael D -- Accommodation
Gifford Michael D -- Lawyers Title Sd
Gifford Michael D $630,000 Chicago Title Company Sd
Alchemy Homes Llc -- Ticor Title
Alchemy Homes Llc $295,000 Chicago Title Company
Lott Wesley Bryan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gifford Michael D $470,000
Closed Gifford Michael D $472,500
Previous Owner Alchemy Homes Llc $50,000
Previous Owner Alchemy Homes Llc $310,000
Previous Owner Alchemy Homes Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2016 01/08/16 Sold $630,000 -5.8% $233 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $669,000 +126.8% $248 / Sq Ft
12/12/2013 12/12/13 Sold $295,000 0.0% $123 / Sq Ft
11/25/2013 11/25/13 Pending -- -- --
11/13/2013 11/13/13 For Sale $295,000 -- $123 / Sq Ft
Source: San Diego MLS

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 $11,832 $821,637 $455,056 $366,581
2024 $11,832 $805,528 $446,134 $359,394
2023 $10,669 $789,735 $437,387 $352,348
2022 $10,342 $774,251 $428,811 $345,440
2021 $10,306 $759,070 $420,403 $338,667
2020 $9,787 $751,288 $416,093 $335,195
2019 $8,309 $668,558 $407,935 $260,623
2018 $8,191 $655,450 $399,937 $255,513
2017 $8,162 $642,599 $392,096 $250,503
2016 $3,788 $305,480 $186,395 $119,085
2015 $3,792 $300,893 $183,596 $117,297
2014 $3,574 $295,000 $180,000 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 150049929

San Diego MLS

APN: 619-250-44