NOT LISTED FOR SALE

17200 Newhope St Unit 125 Fountain Valley, CA 92708

Estimated Value: $656,000 - $820,000

3 Beds
3 Baths
1,612 Sq Ft
1986 Built

Last Sold July 13, 2018

Last sale price $520,000 $323 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,630/month

9 Days on Market

Highlights

  • Community Pool
  • Community Barbecue Grill
  • Landscaped
  • Laundry Room
  • Tile Flooring
  • Space Heater

About This Home

As of July 2018

A rare find! Excellent investment opportunity for this lower level duplex condominium. Each unit is in very good condition. 2 bedroom, 1.75 bath on one side and 1 bedroom 1 bath on the other side. The two bedroom unit has it's own full-sized laundry room with cabinetry. Tile and laminate flooring, mirrored wall, ceiling fan, trash compactor, tiled back splash in kitchen. Gated community with covered parking and lots of open parking space. Community pool, spa, barbecue, tot lot and fenced dog park. Option to join the Los Caballeros Racquet & Sports Club - This unique combination is like a community within a community - Cafe, hair salon, masseuse, pro shop, sports village with multiple pools, including and Olympic-sized pool, spas, tennis, indoor basketball, racquetball, and volleyball. Gymnasiums, child care, aerobics, Zumba, cycling, aqua classes, yoga, pilates, physical therapy, wet and dry sauna and so much more. Close to Freeways shopping and restaurants.

Last Agent to Sell the Property

Wade Wright

Wade Wright, Broker License #00990129 Listed on: 05/22/2018

Wade Wright, Broker

Last Buyer's Agent

Wade Wright

Wade Wright, Broker License #00990129 Listed on: 05/22/2018

Wade Wright, Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,624

Year Built

  • Built in 1986

Lot Details

  • Two or More Common Walls
  • Landscaped

Interior Spaces

  • 1,612 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Trash Compactor

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Space Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 93878283

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Building Details

  • 2 Leased Units
  • Insurance Expense $370
  • Maintenance Expense $500
  • New Taxes Expense $6,326
  • Operating Expense $10,290
  • Gross Income $36,540
  • Net Operating Income $24,808

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,624

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Other Phone Description: Wade Wright
  • Other Phone Number: 949.365.4411
  • Property Attached: Yes
  • Subdivision Name Other: Los Caballeros (LCAB)
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 93878283
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 322.58

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Trash Compactor
  • Heating Type: Space Heater
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue
  • Association Fee: 355.88
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 1612.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 36540.00
  • Gross Multiplier: 14.75
  • Gross Scheduled Income: 37740.00
  • Insurance Expense: 370.00
  • Maintenance Expense: 500.00
  • Net Operating Income: 24808.00
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10290.00
  • Operating Expense Percent: 27.27
  • Rent Control: No
  • Total Actual Rent: 3145.00
  • Total Expenses: 10290.00
  • Vacancy Allowance: 2642
  • Vacancy Allowance Rate: 7.00

Tax Info

  • New Taxes Expense: 6326.00
  • Tax Census Tract: 992.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2018
Closed on
Jun 4, 2018
Sold by
Kossack David H
Bought by
Ford Jason D and Ford Cindy C
Seller's Agent
Wade Wright
Wade Wright, Broker
Buyer's Agent
Wade Wright
Wade Wright, Broker
List Price
$539,000
Sold Price
$520,000
Premium/Discount to List
-$19,000
-3.53%
Current Estimated Value
$748,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,443
Avg. Annual Appreciation
5.27%
Original Mortgage
$416,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2013
Sold by
Kossack Rod S
Bought by
Kossack David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
3.29%
Mortgage Type
Purchase Money Mortgage
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
Ford Jason D $520,000 First American Title
Kossack David H $92,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ford Jason D $410,000
Closed Ford Jason D $416,000
Previous Owner Kossack David H $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $520,000 -3.5% $323 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $539,000 -- $334 / 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 $6,624 $580,066 $456,853 $123,213
2024 $6,624 $568,693 $447,895 $120,798
2023 $6,502 $557,543 $439,113 $118,430
2022 $6,363 $546,611 $430,503 $116,108
2021 $6,300 $535,894 $422,062 $113,832
2020 $6,215 $530,400 $417,735 $112,665
2019 $6,094 $520,000 $409,544 $110,456
2018 $3,698 $303,667 $187,602 $116,065
2017 $3,649 $297,713 $183,923 $113,790
2016 $3,493 $291,876 $180,317 $111,559
2015 $3,444 $287,492 $177,608 $109,884
2014 $3,360 $281,861 $174,129 $107,732
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18119889

California Regional Multiple Listing Service (CRMLS)

APN: 938-782-83