NOT LISTED FOR SALE

Estimated Value: $942,000 - $1,125,000

2 Beds
2 Baths
880 Sq Ft
$1,163/Sq Ft Est. Value

Last Sold May 08, 2012

Last sale price $370,000 $420 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $5,897/month

49 Days on Market

About This Home

As of May 2012

Easy to rent duplex in the heart of South Park. Each unit is a mirror of the other; both having 1 bed/1bath, a living room, a kitchen and a large private enclosed patio. Laminate floors in both, blinds in both, fridge and oven/range in both. The property is zoned GH-CC which allows for commercial use and for the possibility of living in one side and having an office or shop in the other. Please excuse the mess . . . we are currently adding washer/dryer to both units and painting the exterior. This property rents very quickly. With the enclosed private patio, the laminate floors and the close proximity to Grape St dog park these units are able to charge higher $/sq ft to pet owners.

Last Agent to Sell the Property

Jeff Larabee

Larabee Real Estate License #01708883 Listed on: 02/10/2012

Last Buyer's Agent

Joan Selby

Compass License #01345683

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,608

Year Built

  • 1948

Lot Details

  • Property is Fully Fenced
  • Sprinklers on Timer

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 539-154-06-00

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Net Operating Income $23,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,608

Year Built

1948

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Grape
  • Neighborhood: South Park
  • Supplement: This property rents very quickly. With the enclosed private patio, the laminate floors and the close proximity to Grape St dog park these units are able to charge higher $/sq ft to pet owners.
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Exterior Features

  • Fencing: Full
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: NORTH PARK

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Irrigation: Automatic
  • Lot Size: 1-3,999 SF
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 539-154-06-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 23000
  • Annual Expense Actual: 3000
  • Gross Rent Multiplier Actual: 14.3
  • Gross Sched Income Actual: 26400
  • Gross Sched Income Projected: 26400
  • Number Of Buildings: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2012
Sold by
Amos Patricia S
Bought by
Amos Patricia S
Total Days on Market
49
Current Estimated Value
$1,023,104

Purchase Details

Listed on
Feb 10, 2012
Closed on
Apr 3, 2012
Sold by
Cousins Larry Michael and Cousins Sydney Louise
Bought by
Amos Patricia S
Seller's Agent
Jeff Larabee
Larabee Real Estate
Buyer's Agent
Joan Selby
Compass
List Price
$379,000
Sold Price
$370,000
Premium/Discount to List
-$9,000
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$255,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2006
Sold by
Cousins Larry and Cousins Sydney
Bought by
Cousins Larry Michael and Cousins Sydney Louise

Purchase Details

Closed on
Mar 20, 2006
Sold by
Cousins Larry and Cousins Sydney
Bought by
Cousins Larry Michael and Cousins Sydney Louise

Purchase Details

Closed on
Dec 26, 2005
Sold by
Larabee Dale R and Larabee Diane
Bought by
1997 Dale R Larabee & Diane S Larabee Re

Purchase Details

Closed on
Oct 11, 2005
Sold by
Kramer Loren and Kramer Stephanie
Bought by
Cousins Larry and Cousins Sydney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 13, 2003
Sold by
Horn Jeb
Bought by
Kramer Loren and Kramer Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Interest Rate
5.25%

Purchase Details

Closed on
Mar 18, 2002
Sold by
Jardine Jeffrey S
Bought by
Horn Jeb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.78%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 28, 1998
Sold by
Franklin William H and Franklin Emma J
Bought by
Jardine Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,608
Interest Rate
6.86%
Mortgage Type
FHA
Source: Public Records

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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
Amos Patricia S -- None Available
Amos Patricia S $365,000 California Title Company
Cousins Larry Michael -- None Available
Cousins Larry Michael -- Chicago Title Co
1997 Dale R Larabee & Diane S Larabee Re -- Chicago Title Co
Cousins Larry $480,000 Chicago Title Co
Kramer Loren $355,000 --
Horn Jeb $260,000 Commerce Title Company
Jardine Jeffrey S $98,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amos Patricia Stone $222,000
Closed Amos Patricia S $255,000
Previous Owner Cousins Larry $384,000
Previous Owner Kramer Loren $319,500
Previous Owner Horn Jeb $208,000
Previous Owner Jardine Jeffrey S $49,000
Previous Owner Jardine Jeffrey S $95,608
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2012 05/08/12 Sold $370,000 -2.4% $420 / Sq Ft
03/30/2012 03/30/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $379,000 -- $431 / Sq Ft
Source: San Diego MLS

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
2024 $5,608 $449,458 $215,494 $233,964
2023 $5,480 $440,646 $211,269 $229,377
2022 $5,335 $432,007 $207,127 $224,880
2021 $5,296 $423,537 $203,066 $220,471
2020 $5,231 $419,195 $200,984 $218,211
2019 $5,139 $410,977 $197,044 $213,933
2018 $4,807 $402,920 $193,181 $209,739
2017 $4,692 $395,021 $189,394 $205,627
2016 $4,617 $387,277 $185,681 $201,596
2015 $4,549 $381,460 $182,892 $198,568
2014 $4,478 $373,989 $179,310 $194,679
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 120007722

San Diego MLS

APN: 539-154-06