NOT LISTED FOR SALE

Estimated Value: $1,471,000 - $1,794,267

5 Beds
3 Baths
2,065 Sq Ft
$778/Sq Ft Est. Value

Last Sold July 22, 2015

Last sale price $926,000 $448 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $9,583/month

6 Days on Market

Highlights

  • Craftsman Architecture
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Lowell Elementary School Rated A-
  • Cathedral Ceiling
  • Lawn

About This Home

As of July 2015

Two wonderful Craftsman homes on a large lot in Belmont Heights. The property is located adjacent to Belmont Shore, but does not have the parking congestion. The front house #206 has 3 bedrooms & 1.75 baths and is approximately 1390 sq. ft. The highlight of this home is the huge living room with a vaulted ceiling, two walls of windows and a working fireplace. The kitchen features a separate eating area, stove/oven, built in microwave, dishwasher and refrigerator. Hardwood floors throughout home. Two of the bedrooms have direct access to the backyard and one is a master. The backyard patio is expansive and ready for your personal touches. The back house #208 is a 2 bedroom & 1 bath and is approximately 680 sq. ft. and has two patios. The front patio is covered and sits off one bedroom. The back patio is very large, private and has a side yard for storage and a place to garden. The interior is pure Craftsman with hardwood floors and boxed windows & doors. The kitchen has a stove/oven & dishwasher. Separate gas & electric meters and front house has central heat. One car garage has 2 washer & dryer hookups and is currently used for storage. One parking space behind garage. The property is move in ready!

Last Agent to Sell the Property

Scott Underwood

Meadowbrook Realty License #00999539 Listed on: 06/10/2015

Last Buyer's Agent

Tyler Rogina

Compass License #01925584

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,899

Year Built

  • Built in 1920

Lot Details

  • 6,978 Sq Ft Lot
  • Lot Dimensions are 55 x 127
  • Property fronts an alley
  • No Common Walls
  • West Facing Home
  • Block Wall Fence
  • Landscaped
  • Level Lot
  • Lawn

Parking

  • 1 Car Garage

Home Design

  • Craftsman Architecture
  • Raised Foundation
  • Composition Roof
  • Clapboard

Interior Spaces

  • 2,065 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Gas Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Fireplace in Patio

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 017 / 018
  • Tax Tract Number 7256
  • Assessor Parcel Number 7256018017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,000
  • Gross Income $5,275
  • Net Operating Income $45,535

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,899

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.80
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7256018017
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: French Doors
  • Fireplace Features: Bath, Electric, Family Room, Gas, Gas Starter, Kitchen, Living Room, Master Bedroom, Patio
  • Levels: One
  • Price Per Square Foot: 448.43
  • Room Type: All Bedrooms Down, Foyer, Master Bedroom

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Clapboard

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
  • Heating Type: Central, Fireplace(s), Natural Gas
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Lot Features: Lawn, Landscaped, Level with Street
  • Lot Size: 55 x 127
  • Lot Size Sq Ft: 6978.00
  • Price Per Lot Square Foot: 132.70
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 680
  • Average3 Bed Area: 1390
  • Gross Income: 5275.00
  • Gross Multiplier: 14.67
  • Gross Scheduled Income: 63300.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6978.0000 Square Feet
  • Net Operating Income: 45535.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 14600.00
  • Rent Control: No
  • Total Actual Rent: 2275.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Block: 018
  • Taxes Percent: 1.25
  • Tax Lot: 017
  • Tax Tract Number: 7256
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2015
Closed on
Jun 29, 2015
Sold by
Wells Georgette J
Bought by
Dittu Faisal
Seller's Agent
Scott Underwood
Meadowbrook Realty
Buyer's Agent
Tyler Rogina
Compass
List Price
$929,000
Sold Price
$926,000
Premium/Discount to List
-$3,000
-0.32%
Current Estimated Value
$1,606,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$680,567
Avg. Annual Appreciation
5.51%
Original Mortgage
$400,000
Outstanding Balance
$313,522
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$1,293,045

Purchase Details

Closed on
Dec 22, 2011
Sold by
Wells Georgette J and Wells Georgette
Bought by
Wells Georgette J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2005
Sold by
Staudinger Del W
Bought by
Wells Georgette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$699,093
Interest Rate
5.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Staudinger Glenna
Bought by
Staudinger Del W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2004
Sold by
Jeppson Michael R
Bought by
Staudinger Del W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Dittu Faisal $926,000 Chicago Title
Wells Georgette J -- Lawyers Title
Wells Georgette $1,127,000 Equity Title Company
Staudinger Del W -- New Century Title Company
Staudinger Del W $830,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dittu Faisal $400,000
Previous Owner Wells Georgette J $640,000
Previous Owner Wells Georgette $699,093
Previous Owner Staudinger Del W $622,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2015 07/22/15 Sold $926,000 -0.3% $448 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $929,000 -- $450 / 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 $13,899 $1,096,188 $710,274 $385,914
2024 $13,899 $1,074,696 $696,348 $378,348
2023 $13,670 $1,053,625 $682,695 $370,930
2022 $12,830 $1,032,966 $669,309 $363,657
2021 $12,584 $1,012,713 $656,186 $356,527
2020 $12,551 $1,002,330 $649,458 $352,872
2019 $12,405 $982,677 $636,724 $345,953
2018 $11,911 $963,410 $624,240 $339,170
2016 $10,955 $926,000 $600,000 $326,000
2015 $11,181 $965,000 $411,000 $554,000
2014 $11,312 $965,000 $411,000 $554,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15125354

California Regional Multiple Listing Service (CRMLS)

APN: 7256-018-017