NOT LISTED FOR SALE

16761 E Buena Vista Ave Unit 1-3 Orange, CA 92865

Estimated Value: $1,042,000 - $2,164,000

10 Beds
9 Baths
5,088 Sq Ft
$334/Sq Ft Est. Value

Last Sold May 17, 2018

Last sale price $1,665,000 $327 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $10,635/month

9 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Rectangular Lot
  • Villa Park High School Rated A
  • 7 Car Garage
  • 5-minute walk to Eisenhower Park and Lake

About This Home

As of May 2018

This is a meticulously built craftsman home with a detached duplex (Three separate living spaces on one lot). The property currently offers a generous monthly income as all three spaces are rented on a month-to-month basis with long-term tenants. The overall property offers expansive views and ample parking, including (3) garage parking spaces attached to the house and each apartment has an attached - direct access two-car garage. Inside, residents find high-end finishes and fixtures throughout, abundant natural light in nearly every room and tastefully designed open interior spaces. The property currently produces $102,600 in gross annual income. See YouTube video tour by searching the property address.

Last Agent to Sell the Property

Michael Sacks

Coldwell Banker Realty License #01945984 Listed on: 04/11/2018

Coldwell Banker Realty

Last Buyer's Agent

Bob Walz

New Dimension Investment Prop License #00640512

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,032

Year Built

  • Built in 2005

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 7 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • 5,088 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 762
  • Assessor Parcel Number 36036113

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $2,500
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $18,700
  • Operating Expense $29,555
  • Gross Income $102,600
  • Net Operating Income $72,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,032

Year Built

Built in 2005

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • CapRate: 4.30
  • Property Attached: Yes
  • Subdivision Name Other: Orange Hill (ORHL)
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 36036113
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 327.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 9148.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 102600.00
  • Gross Multiplier: 16.46
  • Gross Operating Income: 101574.00
  • Gross Scheduled Income: 102600.00
  • Insurance Expense: 2500.00
  • Net Operating Income: 72019.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 29555.00
  • Operating Expense Percent: 28.80
  • Rent Control: No
  • Total Expenses: 29555.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 18700.00
  • Tax Lot: 8
  • Tax Tract Number: 0762.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2018
Closed on
May 21, 2018
Sold by
Shaffer Aaron and Shaffer Mercedes
Bought by
Shaffer Aaron and Shaffer Mercedes
Seller's Agent
Michael Sacks
Coldwell Banker Realty
Buyer's Agent
Bob Walz
New Dimension Investment Prop
List Price
$1,689,000
Sold Price
$1,665,000
Premium/Discount to List
-$24,000
-1.42%
Current Estimated Value
$1,696,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,864
Avg. Annual Appreciation
0.25%
Original Mortgage
$701,251
Outstanding Balance
$603,064
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$1,093,800

Purchase Details

Listed on
Apr 11, 2018
Closed on
Apr 20, 2018
Sold by
Matigian Lee Levon and Matigian Sheri L
Bought by
Shaffer Aaron and Shaffer Mercedes
Seller's Agent
Michael Sacks
Coldwell Banker Realty
Buyer's Agent
Bob Walz
New Dimension Investment Prop
List Price
$1,689,000
Sold Price
$1,665,000
Premium/Discount to List
-$24,000
-1.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,251
Outstanding Balance
$603,064
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$1,093,800

Purchase Details

Closed on
Jun 17, 2005
Sold by
Matigian Sheri L and Fishel Sheri L
Bought by
Matigian Lee Levon and Matigian Sheri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2002
Sold by
Kitselman Kent M and Kitselman Nancy D
Bought by
Fishel Sheri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 1998
Sold by
Kitselman Kent M and Kitselman Nancy D
Bought by
Kitselman Kent M and Kitselman Nancy D
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Shaffer Aaron -- None Available
Shaffer Aaron $1,665,000 Chicago Title
Matigian Lee Levon -- Lawyers Title Co
Fishel Sheri L $275,000 Southland Title Corporation
Kitselman Kent M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaffer Aaron $701,251
Previous Owner Matigian Lee Levon $750,000
Previous Owner Fishel Sheri L $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2018 05/17/18 Sold $1,665,000 -1.4% $327 / Sq Ft
04/11/2018 04/11/18 For Sale $1,689,000 -- $332 / 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 $21,032 $1,894,484 $888,518 $1,005,966
2024 $21,032 $1,857,338 $871,096 $986,242
2023 $20,564 $1,820,920 $854,016 $966,904
2022 $20,163 $1,785,216 $837,270 $947,946
2021 $19,605 $1,750,212 $820,853 $929,359
2020 $19,424 $1,732,266 $812,436 $919,830
2019 $19,183 $1,698,300 $796,505 $901,795
2018 $13,541 $1,159,763 $151,329 $1,008,434
2017 $12,995 $1,137,023 $148,362 $988,661
2016 $12,748 $1,114,729 $145,453 $969,276
2015 $12,563 $1,097,985 $143,268 $954,717
2014 $12,298 $1,076,477 $140,461 $936,016
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Sacks

    Coldwell Banker Realty

    Section Image
  • Bob Walz

    Buyer's Agent in 2018

    Bob Walz

    New Dimension Investment Prop

    (714) 393-8060

    1 in this area

    9 Total Sales

    Bob Walz
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18082520

California Regional Multiple Listing Service (CRMLS)

APN: 360-361-13

California Orange County Orange 92865

16761 E Buena Vista Ave Unit 1-3, Orange, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes