NOT LISTED FOR SALE

13638 Estero Cir Tustin, CA 92780

4 Beds
2 Baths
4,406 Sq Ft
0.28 Acres

Last Sold October 28, 2016

Last sale price $1,360,000 $309 Per Sq Ft

8 Days on Market

About This Home

As of October 2016

13638 Estero Circle is a large turnkey four-plex located on the corner of a quiet cul-de-sac street, within walking distance to Old Town Tustin. The property consists of 3 - 2 Bedroom / 1.5 Bathroom Townhomes, and 1 – Single Story 2 Bedroom / 1.5 Bathroom Unit. Situated behind the open fields of Lambert Elementary School, the location is very quiet and highly sought after. Please drive by only, and do not disturb the tenants. Recent improvements include; a complete re-pipe, vinyl windows and significant improvements made to the Single Story 2 Bedroom / 1.5 Bathroom Unit in front. Situated in the heart of Tustin, the units offer a combination of small-town life mixed with big-city opportunities. Nestled in scenic heart of Orange County, California, Tustin boasts a population of more than 78,000 residents median household income of $77,827. The median price of a condo within a structure of 5 or more units is approximately $375,000, creating a high barrier to entry for residents desiring to live in the well located city. Due to the great location and high barrier-to-entry economics, Tustin is one of the strongest rental markets in Southern California.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 08/25/2016

Last Buyer's Agent

David Sanford

David Sanford, Broker License #00826382

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Cul-De-Sac
  • Front Yard

Home Design

  • 4,406 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 4661
  • Assessor Parcel Number 50017108

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Insurance Expense $1,861
  • Trash Expense $586
  • Water Sewer Expense $1,650
  • New Taxes Expense $15,751
  • Gross Income $7,165
  • Net Operating Income $58,486

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1650.00
  • Property Type: Residential Income
  • Parcel Number: 50017108
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 308.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 586.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard
  • Lot Size Sq Ft: 12023.00
  • Price Per Lot Square Foot: 109.37

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 7165.00
  • Gross Scheduled Income: 85980.00
  • Insurance Expense: 1861.00
  • Net Operating Income: 58486.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26428.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15751.00
  • Tax Lot: 7
  • Tax Tract Number: 4661

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $1,360,000 +3.4% $309 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $1,315,000 -- $298 / 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 $17,928 $1,578,393 $1,421,493 $156,900
2024 $17,928 $1,547,445 $1,393,621 $153,824
2023 $17,488 $1,517,103 $1,366,295 $150,808
2022 $17,222 $1,487,356 $1,339,505 $147,851
2021 $16,880 $1,458,193 $1,313,241 $144,952
2020 $16,792 $1,443,242 $1,299,776 $143,466
2019 $16,386 $1,414,944 $1,274,291 $140,653
2018 $16,121 $1,387,200 $1,249,304 $137,896
2017 $15,842 $1,360,000 $1,224,807 $135,193
2016 $10,035 $818,497 $658,519 $159,978
2015 $10,251 $806,203 $648,628 $157,575
2014 $9,998 $790,411 $635,922 $154,489
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16187725

California Regional Multiple Listing Service (CRMLS)

APN: 500-171-08