NOT LISTED FOR SALE

Estimated Value: $1,740,000 - $2,690,000

3 Beds
4 Baths
2,284 Sq Ft
$1,068/Sq Ft Est. Value

Last Sold January 07, 2020

Last sale price $1,400,000 $613 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $15,006/month

43 Days on Market

Highlights

  • Private Dock Site
  • Across the Road from Lake or Ocean
  • Laundry Room
  • Agnes L. Smith Elementary Rated A-
  • Home fronts a canal
  • Wood Fence

About This Home

As of January 2020

Rare waterfront Duplex with 40 Foot Boat Dock. Upstairs unit consists of 2 Bedrooms and 2 Bathrooms and inside laundry. Kitchen and family room have water views. This unit also has a rooftop deck. Downstairs unit consists of 1 Bedroom 2 Baths, deck on the water, laundry, remodeled kitchen and direct garage access. Enjoy a short walk across PCH to one of California's most beautiful beaches. A property like this does not come up very often.

Last Agent to Sell the Property

Jerry Jervis

Seven Gables Real Estate License #01185627 Listed on: 10/23/2019

Seven Gables Real Estate

Last Buyer's Agent

Edward Eyerman

Trusted Realty Group License #01784016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,800

Year Built

  • Built in 1979

Lot Details

  • 2,614 Sq Ft Lot
  • Home fronts a canal
  • No Common Walls
  • Wood Fence
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 2,284 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Private Dock Site
  • Docks

Location

  • Across the Road from Lake or Ocean
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 312
  • Tax Tract Number 21
  • Assessor Parcel Number 17853230

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Water Sewer Expense $800
  • New Taxes Expense $18,612
  • Operating Expense $21,612
  • Gross Income $65,499
  • Net Operating Income $43,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,800

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Sunset Beach (SUNB)
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Parcel Number: 17853230
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 612.96

Exterior Features

  • Exterior Features: Dock Private
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 65499.00
  • Gross Scheduled Income: 65499.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 43499.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 21612.00
  • Rent Control: No
  • Total Expenses: 21612.00
  • Waterfront Features: Across the Road from Lake/Ocean, Canal Front, Includes Dock

Tax Info

  • New Taxes Expense: 18612.00
  • Tax Block: 312
  • Tax Census Tract: 995.13
  • Tax Lot: 1
  • Tax Tract Number: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2019
Closed on
Dec 28, 2019
Sold by
Jervis Jerry and Jervis Tamara
Bought by
Waterman Emily Jameson and Waterman Thomas W
Seller's Agent
Jerry Jervis
Seven Gables Real Estate
Buyer's Agent
Edward Eyerman
Trusted Realty Group
List Price
$1,489,000
Sold Price
$1,400,000
Premium/Discount to List
-$89,000
-5.98%
Current Estimated Value
$2,448,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,048,509
Avg. Annual Appreciation
10.45%
Original Mortgage
$1,120,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2004
Sold by
Stitt John M and Stitt Julia T
Bought by
Jervis Jerry and Jervis Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2002
Sold by
Stitt John M and Stitt Julia T
Bought by
Stitt John M and Stitt Julia T

Purchase Details

Closed on
Jul 18, 2001
Sold by
Jernigan Paul L and Jernigan Virginia M
Bought by
Stitt John M and Stitt Julia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
7.09%
Mortgage Type
Seller Take Back
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
Waterman Emily Jameson $1,400,000 Chicago Title Company
Jervis Jerry $1,020,000 Chicago Title Company
Stitt John M -- --
Stitt John M $715,000 South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson David Robert $2,080,000
Closed Waterman Emily Jameson $250,000
Closed Waterman Emily Jameson $1,120,000
Previous Owner Jervis Jerry $1,012,500
Previous Owner Jervis Jerry $816,000
Previous Owner Stitt John M $572,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2020 01/07/20 Sold $1,400,000 -2.7% $613 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
11/21/2019 11/21/19 Price Changed $1,439,000 -3.4% $630 / Sq Ft
10/23/2019 10/23/19 For Sale $1,489,000 -- $652 / 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 $17,800 $1,533,809 $1,327,402 $206,407
2024 $17,800 $1,503,735 $1,301,375 $202,360
2023 $17,119 $1,474,250 $1,275,857 $198,393
2022 $16,698 $1,445,344 $1,250,841 $194,503
2021 $16,400 $1,417,004 $1,226,314 $190,690
2020 $15,469 $1,326,046 $1,142,746 $183,300
2019 $15,288 $1,300,046 $1,120,340 $179,706
2018 $15,064 $1,274,555 $1,098,372 $176,183
2017 $14,876 $1,249,564 $1,076,835 $172,729
2016 $14,235 $1,225,063 $1,055,720 $169,343
2015 $14,012 $1,206,662 $1,039,862 $166,800
2014 $13,735 $1,183,026 $1,019,493 $163,533
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19249660

California Regional Multiple Listing Service (CRMLS)

APN: 178-532-30