NOT LISTED FOR SALE

2003 Chorro St San Luis Obispo, CA 93401

Estimated Value: $831,000 - $1,061,000

2 Beds
2 Baths
1,200 Sq Ft
$783/Sq Ft Est. Value

Last Sold May 04, 2012

Last sale price $430,000 $358 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $5,405/month

2 Days on Market

Highlights

  • Corner Lot
  • Laguna Middle School Rated A
  • Laundry Room

About This Home

As of May 2012

Marketing Remarks: Delightful Old Town SLO Cottage duplex on South end of Chorro St under canopy of gracious jacaranda tree. Charming units! 1-bdrm unit is spacious with wood floors, entry area, generous kitchen, full bath with period freestanding tub, built-ins, laundry room and large 1-car garage. Attached studio has bath, full kitchen, walk-in closet. The units share an enclosed backyard. Bonus: Garage has 100 sq ft. carpeted hobby room/office attached (power but no heat).

Last Agent to Sell the Property

Dawna Davies

Davies Co. Real Estate License #01152951 Listed on: 04/02/2012

Last Buyer's Agent

Lindsey Harn

Christie's International Real Estate Sereno License #01868098

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,852

Year Built

  • Built in 1920

Lot Details

  • 4,008 Sq Ft Lot
  • Corner Lot

Home Design

  • 1,200 Sq Ft Home
  • Raised Foundation
  • Shingle Roof

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Covered Parking
  • On-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Net Operating Income $22,942

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Assessor Parcel Number 003747003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,852

Year Built

Built in 1920

Lot Details

0

Listing Details

  • CapRate: 5.40
  • Zoning: R,RMF
  • Property Type: Residential Income
  • Parcel Number: 003747003
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 358.33

Exterior Features

  • Foundation: Raised
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, Street

Utilities

  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4008.00
  • Lot Size Acres: 0.0900

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Lot Size Area: 0.0900 Acres
  • Net Operating Income: 22942.00
  • Number Of Units Total: 2
  • Operating Expense: 6758.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2020
Sold by
Adema Cora A and Adema Henry John
Bought by
Adema Henry John and Adema Cora Anne
Current Estimated Value
$939,290

Purchase Details

Closed on
Dec 31, 2014
Sold by
Adema Henry John and Adema Cora A
Bought by
Adema Cora A and Adema Henry John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,900
Outstanding Balance
$226,877
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$712,413

Purchase Details

Listed on
Apr 2, 2012
Closed on
Apr 26, 2012
Sold by
Adema Cora A
Bought by
Adema Henry John
Seller's Agent
Dawna Davies
Davies Co. Real Estate
Buyer's Agent
Lindsey Harn
Christie's International Real Estate Sereno
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$301,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2012
Closed on
Apr 16, 2012
Sold by
Zink Andrew Baird and Eicher Carolyn Joanne
Bought by
Adema Henry John and Adema Cora A
Seller's Agent
Dawna Davies
Davies Co. Real Estate
Buyer's Agent
Lindsey Harn
Christie's International Real Estate Sereno
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Zink Andrew Baird and Eicher Carolyn Joanne
Bought by
Zink Andrew Baird and Eicher Carolyn Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2007
Sold by
Zink Andrew B and Eicher Carolyn J
Bought by
Zink Andrew Baird and Eicher Carolyn Joanne

Purchase Details

Closed on
Jun 21, 2000
Sold by
Eicher Carolyn J
Bought by
Zink Andrew B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,750
Interest Rate
8.58%

Purchase Details

Closed on
Nov 4, 1994
Sold by
Stager Gene and Johnson Ernest
Bought by
Zink Andrew B and Zink Karen K

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
9.08%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Adema Henry John -- None Available
Adema Cora A -- Fidelity National Title Co
Adema Henry John -- First American Title Company
Adema Cora A -- First American Title Company
Adema Henry John $430,000 First American Title Company
Zink Andrew Baird -- First American Title Company
Zink Andrew Baird -- First American Title Company
Zink Andrew Baird -- None Available
Zink Andrew B -- Chicago Title Co
Zink Andrew B $188,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adema Cora A $294,900
Closed Adema Henry John $301,000
Previous Owner Zink Andrew Baird $270,000
Previous Owner Zink Andrew B $165,750
Previous Owner Zink Andrew B $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2012 05/04/12 Sold $430,000 +1.2% $358 / Sq Ft
04/04/2012 04/04/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $425,000 -- $354 / 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 $5,852 $540,092 $345,408 $194,684
2024 $5,746 $529,503 $338,636 $190,867
2023 $5,746 $519,122 $331,997 $187,125
2022 $5,386 $508,944 $325,488 $183,456
2021 $5,300 $498,965 $319,106 $179,859
2020 $5,246 $493,849 $315,834 $178,015
2019 $5,191 $484,167 $309,642 $174,525
2018 $5,090 $474,674 $303,571 $171,103
2017 $4,990 $465,368 $297,619 $167,749
2016 $4,892 $456,244 $291,784 $164,460
2015 $4,817 $449,392 $287,402 $161,990
2014 $4,424 $440,590 $281,773 $158,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SL185177

California Regional Multiple Listing Service (CRMLS)

APN: 003-747-003