NOT LISTED FOR SALE

21176 Teepee Rd Apple Valley, CA 92307

High Desert Neighborhood

Estimated Value: $338,362 - $531,000

7 Beds
4 Baths
2,400 Sq Ft
$181/Sq Ft Est. Value

Last Sold December 13, 2016

Last sale price $260,000 $108 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,638/month

31 Days on Market

About This Home

As of December 2016

"Turn Key Triplex in a very desirable bedroom community of Apple Valley near Brewster Park, a solid working class neighborhood, rental demand is especially strong, as quality units are limited. The owner has rehabbed all 3 units, new windows, floors, bathrooms and kitchens. It offers a Cap Rate of 8.2% as is at full price. Property won't last submit offers today.

The Victor Valley has a population of 410,000 and is compromised of four cities including the Town of Apple Valley, City of Victorville, City of Hesperia and the City of Adelanto. Adelanto is located in the Riverside-San Bernardino-Ontario MSA

Last Agent to Sell the Property

Jason Lamoreaux

COLDWELL BANKER COMMERCIAL RE License #01461062 Listed on: 06/16/2016

COLDWELL BANKER COMMERCIAL RE

Last Buyer's Agent

Jeanine Bianes-Bueno

Elevate Real Estate Agency License #01839003

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.62 Acre Lot
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • 2,400 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 0440024030000

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Valley

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $21,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Property Type: Residential Income
  • Parcel Number: 0440024030000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 108.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 27000.00
  • Price Per Lot Square Foot: 9.63

Multi Family

  • Gross Scheduled Income: 32880.00
  • Net Operating Income: 21372.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 11508.00
  • Rent Control: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2016
Closed on
Nov 3, 2016
Sold by
Karavardanyan Grant
Bought by
Garcia Salvador and Garcia Araceli
Seller's Agent
Jason Lamoreaux
COLDWELL BANKER COMMERCIAL RE
Buyer's Agent
Jeanine Bianes-Bueno
Elevate Real Estate Agency
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$433,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,341
Avg. Annual Appreciation
5.75%
Original Mortgage
$255,290
Outstanding Balance
$205,276
Interest Rate
3.47%
Mortgage Type
FHA
Estimated Equity
$228,065

Purchase Details

Closed on
Jun 3, 2016
Sold by
Karavardanyan Grant
Bought by
Karavardanyan Grant and Hovakimyan Ruzanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2015
Sold by
Hovakimyan Ruzanna
Bought by
Karavardanyan Grant

Purchase Details

Closed on
May 19, 2015
Sold by
Iriye Aimee
Bought by
Karavardanyan Grant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.01%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garcia Salvador $260,000 First American Title Company
Karavardanyan Grant -- Lawyers Title
Karavardanyan Grant -- Fidelity National Title
Karavardanyan Grant $150,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Salvador $255,290
Previous Owner Karavardanyan Grant $161,000
Previous Owner Karavardanyan Grant $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2016 12/13/16 Sold $260,000 0.0% $108 / Sq Ft
06/16/2016 06/16/16 For Sale $260,000 -- $108 / 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 $4,051 $301,754 $23,211 $278,543
2024 $3,690 $295,837 $22,756 $273,081
2023 $3,654 $290,036 $22,310 $267,726
2022 $3,598 $284,349 $21,873 $262,476
2021 $3,517 $278,773 $21,444 $257,329
2020 $3,473 $275,914 $21,224 $254,690
2019 $3,408 $270,504 $20,808 $249,696
2018 $3,326 $265,200 $20,400 $244,800
2017 $3,279 $260,000 $20,000 $240,000
2016 $1,887 $150,000 $20,000 $130,000
2015 $2,165 $138,955 $30,614 $108,341
2014 $3,149 $136,233 $30,014 $106,219
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jason Lamoreaux

    COLDWELL BANKER COMMERCIAL RE

    Section Image

  • J

    Buyer's Agent in 2016

    Jeanine Bianes-Bueno

    Elevate Real Estate Agency

    (951) 941-3333

    8 Total Sales

    Jeanine Bianes-Bueno
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16130084

California Regional Multiple Listing Service (CRMLS)

APN: 0440-024-03

California San Bernardino County Apple Valley 92307 High Desert

21176 Teepee Rd, Apple Valley, CA

Not Listed for Sale

MultiFamily

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