NOT LISTED FOR SALE

1962 Arnold Way Alpine, CA 91901

Estimated Value: $876,000 - $983,000

3 Beds
2 Baths
2,132 Sq Ft
$430/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $800,000 $375 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,637/month

1 Day on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating

About This Home

As of August 2023

AMAZING OPPORTUNITY TO OWN AN INCOME PRODUCING PROPERTY RIGHT IN THE HEART OF ALPINE! 2 airconditioned units with 3 bedrooms 2 bath each. You could live in one and rent the other, thus making the American dream of home ownership much more affordable! The unit below has been going through many upgrades. New laminate floors, new granite countertops, new stove, new dishwasher, and bathroom remodel. Each unit with a fire place for those cold and/or romantic nights. The building has a newer roof and dual pane windows. The bottom unit has a newer tankless water heater. Both units have washer and dryer hookups. The property has an ample cemented lot. 2 spaces are assigned to each unit. Close to shopping, bus stop, and restaurants. A MUST SEE!!! BRING YOUR BUYERS, THEY WILL LOVE THIS PROPERTY!

Last Agent to Sell the Property

Emma Leos

Coldwell Banker West License #01355182 Listed on: 07/31/2023

Coldwell Banker West

Last Buyer's Agent

Voltaire Lepe

eXp Realty of California, Inc. License #01422464

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 7,182 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 2,132 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 403-220-44-00
  • Tax Tract Number 51012
  • Assessor Parcel Number 4032204400

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $500
  • Insurance Expense $2,050
  • Trash Expense $1,800
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,610
  • Operating Expense $42,896
  • Gross Income $42,896
  • Net Operating Income $29,104

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.04
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: Duplex 2 Any 1991
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4032204400
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 790
  • Price Per Square Foot: 375.23

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7182.00
  • Lot Size Acres: 0.1649

Multi Family

  • Fuel Expense: 500.00
  • Gross Income: 42896.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 2050.00
  • Lot Size Area: 7182.0000 Square Feet
  • Net Operating Income: 29104.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 42896.00
  • Rent Control: No
  • Total Actual Rent: 2200.00
  • Total Expenses: 42896.00

Tax Info

  • New Taxes Expense: 6610.00
  • Tax Lot: 403-220-44-00
  • Tax Tract Number: 51012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2024
Sold by
Alexander Pierre
Bought by
Pierre Paris Alexander Trust and Alexander
Current Estimated Value
$916,255

Purchase Details

Listed on
Jul 31, 2023
Closed on
Aug 8, 2023
Sold by
Castillo Adam and Castillo Guadalupe Green
Bought by
Alexander Pierre
Seller's Agent
Emma Leos
Coldwell Banker West
Buyer's Agent
Voltaire Lepe
eXp Realty of California, Inc.
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$600,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2019
Sold by
Guardalupe Green Trust
Bought by
Castillo Adam and Castillo Guadalupe Green

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2006
Sold by
Waters Juana Z
Bought by
Green Guadalupe

Purchase Details

Closed on
Nov 16, 2006
Sold by
Green Guadalupe
Bought by
Green Guadalupe

Purchase Details

Closed on
May 3, 2002
Sold by
Strand Clifford
Bought by
Green Guadalupe C and Waters Juana Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,750
Interest Rate
7.12%

Purchase Details

Closed on
Jan 3, 2000
Sold by
Hutchinson Casey
Bought by
Seashore Investment Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,543
Interest Rate
7.96%

Purchase Details

Closed on
Dec 16, 1999
Sold by
Seashore Investment Company
Bought by
Hutchinson Casey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,543
Interest Rate
7.96%

Purchase Details

Closed on
Jun 26, 1999
Sold by
Dinesh Vithalani
Bought by
Seashore Investment Company

Purchase Details

Closed on
Apr 4, 1997
Sold by
Vithalani Divya
Bought by
Vithalani Dinesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 1997
Sold by
Silverthorn William E and Silverthorn Debra G
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Aug 5, 1991
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Pierre Paris Alexander Trust -- None Listed On Document
Alexander Pierre $800,000 Ticor Title
Castillo Adam -- Corinthian Title Company
Green Guadalupe -- None Available
Green Guadalupe -- None Available
Green Guadalupe C $337,000 Commonwealth Land Title Co
Seashore Investment Company -- Commonwealth Land Title Co
Hutchinson Casey $300,000 Commonwealth Land Title Co
Seashore Investment Company $250,000 Commonwealth Land Title Co
Vithalani Dinesh -- Old Republic Title Company
Vithalani Dinesh $187,500 Old Republic Title Company
Home Svgs Of America Fsb $111,000 Fidelity National Title Ins
-- $181,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander Pierre $600,000
Previous Owner Castillo Adam $454,000
Previous Owner Green Guadalupe C $252,750
Previous Owner Seashore Investment Company $15,543
Previous Owner Hutchinson Casey $195,000
Previous Owner Vithalani Dinesh $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2023 08/28/23 Sold $800,000 -5.8% $375 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $849,000 -- $398 / 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 $10,194 $816,000 $459,000 $357,000
2024 $10,194 $800,000 $450,000 $350,000
2023 $6,707 $478,501 $191,398 $287,103
2022 $6,610 $469,120 $187,646 $281,474
2021 $6,776 $459,922 $183,967 $275,955
2020 $6,432 $455,207 $182,081 $273,126
2019 $6,309 $446,282 $178,511 $267,771
2018 $6,110 $437,532 $175,011 $262,521
2017 $510 $428,954 $171,580 $257,374
2016 $5,696 $420,544 $168,216 $252,328
2015 $5,657 $414,228 $165,690 $248,538
2014 $5,535 $406,115 $162,445 $243,670
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2303688

California Regional Multiple Listing Service (CRMLS)

APN: 403-220-44