NOT LISTED FOR SALE

16614 Virginia Ave Paramount, CA 90723

Estimated Value: $727,000 - $887,000

3 Beds
2 Baths
1,350 Sq Ft
$610/Sq Ft Est. Value

Last Sold November 22, 2013

Last sale price $350,000 $259 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $4,830/month

35 Days on Market

Highlights

  • No HOA
  • Back Yard
  • 1-Story Property
  • Wall Furnace

About This Home

As of November 2013

Wonderful opportunity for your First Time Homebuyer. Buyer can live in one of these homes and rent the other. Extra income property!

Last Agent to Sell the Property

Maria Sanchez

Williams Realty Group, Inc. License #01290835 Listed on: 09/18/2013

Last Buyer's Agent

Margie Camacho

Century 21 Jervis & Associates License #00980855

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,768

Year Built

  • Built in 1954

Lot Details

  • 7,998 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 2 / 86
  • Tax Tract Number 12406
  • Assessor Parcel Number 7103029022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $576
  • Water Sewer Expense $1,800
  • Net Operating Income $12,642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,768

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: Cell
  • Other Phone Number: 951-285-4883
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: PAR2
  • Property Type: Residential Income
  • Parcel Number: 7103029022
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 259.26

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 576.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7998.00
  • Lot Size Acres: 0.1840

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 18360.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7998.0000 Square Feet
  • Net Operating Income: 12642.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5718.00
  • Rent Control: No
  • Total Actual Rent: 1530.00

Tax Info

  • Tax Block: 86
  • Tax Lot: 2
  • Tax Tract Number: 12406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2013
Closed on
Oct 19, 2013
Sold by
Smith John Robert and Smith Margaret A
Bought by
Smith Margaret A
Seller's Agent
Maria Sanchez
Williams Realty Group, Inc.
Buyer's Agent
Margie Camacho
Century 21 Jervis & Associates
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Current Estimated Value
$823,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,600
Avg. Annual Appreciation
6.68%
Original Mortgage
$343,660
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 18, 2013
Closed on
Oct 6, 2013
Sold by
Smith Margaret A
Bought by
Galindo Isaias and Galindo Rosa Lidia
Seller's Agent
Maria Sanchez
Williams Realty Group, Inc.
Buyer's Agent
Margie Camacho
Century 21 Jervis & Associates
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 21, 2006
Sold by
Smith Margaret A
Bought by
Smith Margaret A and Smith John R
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Galindo Isaias $350,000 Chicago Title Company
Smith Margaret A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galindo Isaias $343,660
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2013 11/22/13 Sold $350,000 -6.7% $259 / Sq Ft
09/29/2013 09/29/13 Pending -- -- --
08/25/2013 08/25/13 For Sale $375,000 -- $278 / 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 $5,768 $429,040 $257,425 $171,615
2024 $5,768 $420,628 $252,378 $168,250
2023 $5,663 $412,381 $247,430 $164,951
2022 $5,514 $404,296 $242,579 $161,717
2021 $5,389 $396,370 $237,823 $158,547
2020 $5,272 $392,307 $235,385 $156,922
2019 $5,516 $384,616 $230,770 $153,846
2018 $5,086 $377,076 $226,246 $150,830
2016 $4,571 $362,435 $217,461 $144,974
2015 $4,314 $356,992 $214,195 $142,797
2014 $4,788 $350,000 $210,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13173180

California Regional Multiple Listing Service (CRMLS)

APN: 7103-029-022