NOT LISTED FOR SALE

1401 E M St Wilmington, CA 90744

Estimated Value: $691,000 - $751,000

5 Beds
3 Baths
1,548 Sq Ft
$467/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $595,000 $384 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,457/month

99 Days on Market

About This Home

As of April 2021

Wow.. Very Nice 2 Unit property with great curb appeal that has been remodeled. The front unit offers 2 bedrooms 1 bathroom and has been completely renovated with new kitchen cabinets with quartz countertops, new flooring through out, with additional storage space in the attic. The back unit offers 3 bedrooms and 2 bathrooms with a new wall heater and completely remodeled bathrooms. The property is located on the east side of Wilmington sitting on a large lot with a huge driveway and back yard. The waterfront Promenade project construction is underway and scheduled to be completed in 2021. Perfect time to own a duplex income property in the city of Wilmington. Hurry this property will not last long on the market.

Last Agent to Sell the Property

George Ruiz

VIP RE Firm License #01781774 Listed on: 12/17/2020

Last Buyer's Agent

George Ruiz

VIP RE Firm License #01781774 Listed on: 12/17/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 4,819 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • 1,548 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 543
  • Tax Tract Number 543
  • Assessor Parcel Number 7425019029

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 7425019029
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 384.37

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4819.00
  • Lot Size Acres: 0.1106

Multi Family

  • Lot Size Area: 4819.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2946.20
  • Tax Lot: 543
  • Tax Tract Number: 0543

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2019
Sold by
Sussman Allen Zachary and Sussman Suzanne Lynn
Bought by
Fennell Angel
Current Estimated Value
$722,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,034
Outstanding Balance
$424,850
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$297,894

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%

Purchase Details

Listed on
Jul 18, 2016
Closed on
Sep 19, 2016
Sold by
Luna Creek Realty Llc
Bought by
Sussman Allen Zachary and Sussman Suzanne Lynne
Seller's Agent
Armando Mendoza
West Shores Realty, Inc.
Buyer's Agent
Gabriela Bermudez
Las Lomas Realty, Inc.
List Price
$279,000
Sold Price
$279,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%

Purchase Details

Listed on
Jul 18, 2016
Closed on
Aug 17, 2016
Sold by
Coastal Holdings Llc
Bought by
Luna Creek Realty Llc
Seller's Agent
Armando Mendoza
West Shores Realty, Inc.
Buyer's Agent
Gabriela Bermudez
Las Lomas Realty, Inc.
List Price
$279,000
Sold Price
$279,000

Purchase Details

Listed on
May 31, 2016
Closed on
Jun 7, 2016
Sold by
Sedillo Eddie
Bought by
Coastal Holdings Llc
Seller's Agent
Gordon Inman
Keller Williams Realty
Buyer's Agent
Gordon Inman
Keller Williams Realty
List Price
$259,000
Sold Price
$220,000
Premium/Discount to List
-$39,000
-15.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.64%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 13, 1996
Sold by
Sedillo Eddie
Bought by
Sedillo Eddie and Eddie Sedillo Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fennell Angel $495,000 Provident Title Company
Tegel -- --
Sussman Allen Zachary -- Fidelity National Title Co
Luna Creek Realty Llc $279,000 Fidelity National Title Co
Coastal Holdings Llc $220,000 Fidelity National Title Co
Sedillo Eddie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fennell Angel $486,034
Previous Owner Tegel --
Previous Owner Coastal Holdings Llc $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2021 04/28/21 Sold $595,000 +3.5% $384 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $574,900 0.0% $371 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
12/17/2020 12/17/20 For Sale $574,900 +106.1% $371 / Sq Ft
08/23/2016 08/23/16 Sold $279,000 +26.8% $180 / Sq Ft View Prior Sale
07/26/2016 07/26/16 Pending -- -- --
07/18/2016 07/18/16 Sold $220,000 -21.1% $142 / Sq Ft View Prior Sale
07/18/2016 07/18/16 For Sale $279,000 +7.7% $180 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $259,000 -- $167 / 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 $8,045 $644,045 $432,972 $211,073
2024 $7,946 $631,418 $424,483 $206,935
2023 $7,796 $619,038 $416,160 $202,878
2022 $7,439 $606,900 $408,000 $198,900
2021 $6,231 $500,128 $353,626 $146,502
2020 $6,291 $495,000 $350,000 $145,000
2019 $3,759 $290,271 $208,080 $82,191
2018 $3,667 $284,580 $204,000 $80,580
2016 $771 $44,837 $21,832 $23,005
2015 $763 $44,165 $21,505 $22,660
2014 $787 $43,301 $21,084 $22,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20259606

California Regional Multiple Listing Service (CRMLS)

APN: 7425-019-029