$720,000
SOLD AUG 8, 2013

1502 E Adams Ave Orange, CA 92867

4 Beds
4 Baths
2,700 Sq Ft
8,635 Sq Ft Lot

Recently Sold

$267 Per Sq Ft

10% Below List Price

56 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • No HOA
  • 3 Car Garage

About This Home

As of February 2022

Duplex at great corner location with two separate addresses - 1502 E. Adams and 1119 N. Lincoln. Within walking distance of shopping and restaurants, 1.5 miles from The Village at Orange. Exterior and interior in excellent condition. Beautiful front yard and garden. Existing tenants to keep, if you want them!

Last Agent to Sell the Property

Richard Heaton

Suncoast Riviera Realty License #00832241 Listed on: 04/02/2013

Last Buyer's Agent

Michele Brewbaker

Fitzpatrick Real Estate Co. License #01916734

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,572

Year Built

  • Built in 1966 | Remodeled

Lot Details

  • 8,635 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Propane

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 4206
  • Assessor Parcel Number 37541509

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $960
  • Insurance Expense $900
  • Trash Expense $480
  • Water Sewer Expense $2,400
  • Operating Expense $4,740
  • Gross Income $3,700
  • Net Operating Income $39,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,572

Year Built

Built in 1966 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2400.00
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 37541509
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 266.67

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Propane, Sewer Connected
  • Heating: Yes
  • Heating Type: Forced Air
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8635.00
  • Lot Size Acres: 0.1980

Multi Family

  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 900.00
  • Lot Size Area: 8635.0000 Square Feet
  • Net Operating Income: 39660.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 4740.00
  • Rent Control: No
  • Total Expenses: 4740.00

Tax Info

  • Tax Lot: 40
  • Tax Tract Number: 4206
  • Tax Annual Amount: 6572.00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Navala Investment Llc
Bought by
City Of Orange
Total Days on Market
56
Current Estimated Value
$1,394,577

Purchase Details

Listed on
Jan 5, 2022
Closed on
Mar 18, 2022
Sold by
Armando Navarrete-Gomez Diego and Armando Joedi
Bought by
Navala Investment Llc
Seller's Agent
John Fitzpatrick
Fitzpatrick Real Estate Co.
Buyer's Agent
Anna Aguirre
Taurus Realty Group
List Price
$1,195,000
Sold Price
$1,200,000
Premium/Discount to List
$5,000
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$900,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2022
Closed on
Jan 11, 2022
Sold by
Dzida Steven J and Dzida Maria C
Bought by
Navarrete-Gomez Diego Armando and Larrondo Joeli
Seller's Agent
John Fitzpatrick
Fitzpatrick Real Estate Co.
Buyer's Agent
Anna Aguirre
Taurus Realty Group
List Price
$1,195,000
Sold Price
$1,200,000
Premium/Discount to List
$5,000
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2013
Closed on
Jul 17, 2013
Sold by
Norred Matthew W
Bought by
Dzida Steven J and Dzida Maria C
Seller's Agent
Richard Heaton
Suncoast Riviera Realty
Buyer's Agent
Michele Brewbaker
Fitzpatrick Real Estate Co.
List Price
$800,000
Sold Price
$720,000
Premium/Discount to List
-$80,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$493,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2006
Sold by
Norred Matthew W and Norred Marion H
Bought by
Norred Matthew W and Norred Marion H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2006
Sold by
Markum James G and Markum Judith L
Bought by
Norred Matthew W and Norred Marion H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 1997
Sold by
Millard Theodore E and Millard Sondra K
Bought by
Millard Sondra K
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 Type Sale Price Title Company
Deed -- --
Grant Deed -- Accommodation/Courtesy Recordi
Grant Deed $1,200,000 Chicago Title
Grant Deed $720,000 First American Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $760,000 United Independent Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $900,000 New Conventional
Previous Owner $900,000 New Conventional
Previous Owner $401,000 New Conventional
Previous Owner $485,000 New Conventional
Previous Owner $493,500 New Conventional
Previous Owner $40,000 Unknown
Previous Owner $608,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $1,200,000 +0.4% $444 / Sq Ft
01/05/2022 01/05/22 For Sale $1,195,000 +66.0% $443 / Sq Ft
08/08/2013 08/08/13 Sold $720,000 -10.0% $267 / Sq Ft
05/28/2013 05/28/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $800,000 -- $296 / 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
2024 $14,647 $1,309,570 $1,068,925 $240,645
2023 $13,188 $1,200,000 $1,047,966 $152,034
2022 $9,293 $831,710 $684,297 $147,413
2021 $9,034 $815,402 $670,879 $144,523
2020 $8,951 $807,042 $664,000 $143,042
2019 $8,838 $791,218 $650,980 $140,238
2018 $8,704 $775,704 $638,215 $137,489
2017 $8,343 $760,495 $625,701 $134,794
2016 $8,182 $745,584 $613,433 $132,151
2015 $8,063 $734,385 $604,219 $130,166
2014 $7,892 $720,000 $592,383 $127,617
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13056989

California Regional Multiple Listing Service (CRMLS)

APN: 375-415-09