Seller's Agent in 2020
Terry Moore
ACI Apartments
(619) 889-1031
37 Total Sales
1528 Montecito Rd Ramona, CA 92065
13
Beds
13
Baths
16,576
Sq Ft
1.52
Acres Lot
About This Home
As of September 2020DRAMATIC PRICE REDUCTION! Property across the street is also available by same owners. Many investors would buy both buildings and use one manager for both assets. Landings and fascia have been upgraded. Installing new windows and upgrading kitchen or bath might boost rents $100/month. Patio fences were replaced. Private balconies and private fenced yards are appreciated by tenants. Gated access for vehicles and people provide tenants extra peace of mind. The parking lot is in a flood zone, but the buildings are not. Terry Moore, real estate licensee, is part owner of this asset. Sellers have upgraded many units on turnover. Future repairs and maintenance costs may be less than history. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment. (Buyer posts that extra money for first year and then gets remainder back after first year.)
Last Buyer's Agent
Eliel Guerrero
Millennium Financial & Realty License #01362897
Property Details
Home Type
- Multi-Family
Lot Details
- 1.52
Home Design
- Composition Roof
Interior Spaces
- 13 Bedrooms
- 16,576 Sq Ft Home
- 2-Story Property
Flooring
- Wall to Wall Carpet
- Tile
Parking
- 32 Parking Spaces
- Parking Available
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Additional Features
- Heated Pool
- Number of ADU Units: 1
Listing and Financial Details
- Total Actual Rent $27,415
Community Details
Overview
- 3 Buildings
- 20 Units
Building Details
- 20 Leased Units
- Operating Expense $167,450
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2020 09/30/20 | Sold | $3,635,000 | -1.7% | $219 / Sq Ft |
| 07/17/2020 07/17/20 | Price Changed | $3,699,000 | -5.0% | $223 / Sq Ft |
| 07/15/2020 07/15/20 | Pending | -- | -- | -- |
| 05/07/2020 05/07/20 | Price Changed | $3,895,000 | -6.1% | $235 / Sq Ft |
| 03/03/2020 03/03/20 | Price Changed | $4,150,000 | -2.4% | $250 / Sq Ft |
| 02/12/2020 02/12/20 | For Sale | $4,250,000 | -- | $256 / Sq Ft |
Source: San Diego MLS
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 | $61,111 | $3,934,640 | $2,164,864 | $1,769,776 |
| 2024 | $61,111 | $3,857,491 | $2,122,416 | $1,735,075 |
| 2023 | $56,454 | $3,781,854 | $2,080,800 | $1,701,054 |
| 2022 | $59,628 | $3,707,700 | $2,040,000 | $1,667,700 |
| 2021 | $59,009 | $3,635,000 | $2,000,000 | $1,635,000 |
| 2020 | $50,810 | $2,857,618 | $1,298,917 | $1,558,701 |
| 2019 | $49,786 | $2,801,588 | $1,273,449 | $1,528,139 |
| 2018 | $48,646 | $2,746,656 | $1,248,480 | $1,498,176 |
| 2017 | $48,067 | $2,692,800 | $1,224,000 | $1,468,800 |
| 2016 | $43,099 | $2,288,517 | $1,040,235 | $1,248,282 |
| 2015 | $41,798 | $2,254,142 | $1,024,610 | $1,229,532 |
| 2014 | $40,427 | $2,209,988 | $1,004,540 | $1,205,448 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Moore
-
E
Buyer's Agent in 2020
Eliel Guerrero
Millennium Financial & Realty
Map
Source: San Diego MLS
MLS Number: 200007234
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