NOT LISTED FOR SALE

Estimated Value: $1,087,000 - $1,544,000

2 Beds
2 Baths
3,348 Sq Ft
$373/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $995,000 $297 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,496/month

11 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 3-minute walk to Oceano Dunes State Vehicular Recreation Area
  • Arroyo Grande High School Rated A-

About This Home

As of August 2021

Four townhouse apartments each with 2 bedrooms and full bath upstairs, living-room, 1/2 bath and kitchen down-stairs. Rear patio with covered area for laundry. Building has been recently tented and all pest work completed. Water is individually metered. Drive by only please do not disturb the tenants. Interior inspection only with accepted offer. Buyer to verify all.

Last Agent to Sell the Property

Mark London

Asset Management Service License #00589098 Listed on: 06/24/2021

Last Buyer's Agent

Ryan Benson

Peak Properties License #01949307

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • 3,348 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Parking Available
  • Driveway
  • Uncovered Parking
  • On-Site Parking

Location

  • Suburban Location

Utilities

  • Sewer Assessments
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 22 / 26
  • Assessor Parcel Number 062089022

Community Details

Overview

  • 4 Units
  • Oceano Subdivision

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $130
  • Gardener Expense $1,060
  • Insurance Expense $959
  • Maintenance Expense $5,740
  • Trash Expense $1,218
  • Water Sewer Expense $1,225
  • Operating Expense $10,332
  • Gross Income $57,360
  • Net Operating Income $47,028

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Inclusions: Stoves
  • Property Attached: Yes
  • Subdivision Name Other: Oceano(350)
  • Water Sewer Expenses: 1225.00
  • Zoning: RMF
  • Property Type: Residential Income
  • Gardener Expense: 1060.00
  • Parcel Number: 062089022
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 297.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, On Site, Uncovered

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer, Sewer Assessments, Sewer Paid
  • Trash Expense: 1218.00
  • 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, Rectangular Lot
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 130.00
  • Gross Income: 57360.00
  • Gross Scheduled Income: 57360.00
  • Insurance Expense: 959.00
  • Lot Size Area: 7000.0000 Square Feet
  • Maintenance Expense: 5740.00
  • Net Operating Income: 47028.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 10332.00
  • Rent Control: No
  • Total Expenses: 10332.00

Tax Info

  • Tax Block: 26
  • Tax Census Tract: 122.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jul 15, 2021
Sold by
Hinchman Dawn and Dawn Hinchman Survivors Trust
Bought by
Robertson Mike Thomas and Robertson Frances Jane
Seller's Agent
Mark London
Asset Management Service
Buyer's Agent
Ryan Benson
Peak Properties
List Price
$1,150,000
Sold Price
$995,000
Premium/Discount to List
-$155,000
-13.48%
Current Estimated Value
$1,247,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,432
Avg. Annual Appreciation
5.25%
Original Mortgage
$495,000
Outstanding Balance
$448,445
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$798,987

Purchase Details

Closed on
Feb 23, 2016
Sold by
Hinchman Dawn
Bought by
Hinchman Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2013
Sold by
Hinchman Dawn
Bought by
Hinchman Dawn

Purchase Details

Closed on
Sep 29, 2010
Sold by
Smith Raymond
Bought by
Hinchman Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2007
Sold by
Smith Raymond R and Hrabe Debra L
Bought by
Smith Raymond

Purchase Details

Closed on
Oct 14, 1999
Sold by
Nicocia John and Nicocia Cheryl
Bought by
Smith Raymond R and Brabe Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,700
Interest Rate
7.96%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Robertson Mike Thomas $995,000 Fidelity National Title Co
Hinchman Dawn -- First American Title Company
Hinchman Dawn -- First American Title Company
Hinchman Dawn -- None Available
Hinchman Dawn $460,000 First American Title Company
Smith Raymond -- None Available
Smith Raymond R $245,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robertson Mike Thomas $495,000
Previous Owner Hinchman Dawn $417,000
Previous Owner Hinchman Dawn $345,000
Previous Owner Smith Raymond R $183,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold $995,000 0.0% $297 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
07/01/2021 07/01/21 Price Changed $995,000 -13.5% $297 / Sq Ft
06/24/2021 06/24/21 For Sale $1,150,000 -- $343 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,148 $1,055,901 $451,013 $604,888
2024 $12,022 $1,035,198 $442,170 $593,028
2023 $12,022 $1,014,900 $433,500 $581,400
2022 $11,859 $995,000 $425,000 $570,000
2021 $7,149 $544,452 $207,126 $337,326
2020 $7,081 $538,871 $205,003 $333,868
2019 $7,039 $528,306 $200,984 $327,322
2018 $6,875 $517,948 $197,044 $320,904
2017 $6,686 $507,793 $193,181 $314,612
2016 $6,280 $497,838 $189,394 $308,444
2015 $5,265 $490,361 $186,550 $303,811
2014 $5,071 $480,756 $182,896 $297,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21137214

California Regional Multiple Listing Service (CRMLS)

APN: 062-089-022