Seller's Agent in 2020
Terry Moore
ACI Apartments
(619) 889-1031
33 Total Sales
1528 Montecito Rd Ramona, CA 92065
Ramona Area
13
Beds
13
Baths
16,576
Sq Ft
1.52
Acre 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2020
Closed on
Sep 20, 2020
Sold by
Bought by
Seller's Agent
Terry Moore
ACI Apartments
Buyer's Agent
Eliel Guerrero
Millennium Financial & Realty
List Price
$4,250,000
Sold Price
$3,635,000
Premium/Discount to List
-$615,000
-14.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,475,000
Interest Rate
0.029%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 3, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,855,000
Interest Rate
0.0365%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Dec 28, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,540,000
Interest Rate
0.0327%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 29, 1999
Sold by
Bought by
Purchase Details
Closed on
Feb 25, 1999
Sold by
Bought by
Purchase Details
Closed on
Oct 22, 1991
Sold by
Bought by
Purchase Details
Closed on
Jul 12, 1991
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,635,000 | Chicago Title Company | ||
| $2,640,000 | Chicago Title Company | ||
| $2,200,000 | Chicago Title Company | ||
| -- | None Available | ||
| -- | Chicago Title Co | ||
| -- | -- | ||
| $900,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,475,000 | ||
| Previous Owner | $1,855,000 | ||
| Previous Owner | $1,540,000 | ||
| Previous Owner | $150,000 | ||
| Previous Owner | $1,005,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $61,966 | $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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