NOT LISTED FOR SALE

Estimated Value: $1,173,000 - $1,563,000

2 Beds
1 Bath
1,900 Sq Ft
$693/Sq Ft Est. Value

Last Sold August 28, 2014

Last sale price $715,000 $376 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $7,689/month

44 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • 1-Story Property
  • Laundry Room
  • Wall Furnace
  • 1-minute walk to Ketchum-Libolt Park

About This Home

As of August 2014

Cute Duplex in Costa Mesa. Dual Pane Windows,Tile Flooring, light and bright! Each unit has 2 bedrooms, 1 bath - spacious and comfortable! Front unit has large grassy area. Back unit has both a front yard and a private back yard and patio. Front unit has new roll up garage door. Washer and dryer hookups are in the kitchen. Walk to shops. New construction of homes on nearby streets. Walking distance to shops. Not far from Triangle Square, South Coast Plaza and Beaches. Property has been well maintained. See the virtual tour - far right icon below photos.

Last Agent to Sell the Property

Christina Durban

Berkshire Hathaway HomeService License #01427442 Listed on: 06/09/2014

Berkshire Hathaway HomeService

Last Buyer's Agent

Paulo Prietto

Compass License #01878796

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 33
  • Tax Tract Number 247
  • Assessor Parcel Number 42220101

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $3,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Property Type: Residential Income
  • Parcel Number: 42220101
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 376.32
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3250.00
  • Gross Scheduled Income: 39000.00
  • Lot Size Area: 7841.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: No
  • Total Actual Rent: 3250.00

Tax Info

  • Tax Lot: 33
  • Tax Tract Number: 247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2017
Sold by
Kotin Joel T and Hill Lyda Louise
Bought by
Hill Lyda
Current Estimated Value
$1,317,401

Purchase Details

Listed on
Jun 9, 2014
Closed on
Aug 11, 2014
Sold by
Kotin Allison
Bought by
Kotin Benjamin T
Seller's Agent
Christina Durban
Berkshire Hathaway HomeService
Buyer's Agent
Paulo Prietto
Compass
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%
Original Mortgage
$325,000
Outstanding Balance
$247,904
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$1,069,497

Purchase Details

Listed on
Jun 9, 2014
Closed on
Jul 24, 2014
Sold by
Kressin Janice M
Bought by
Kotin Joel T and Hill Lyda Louise
Seller's Agent
Christina Durban
Berkshire Hathaway HomeService
Buyer's Agent
Paulo Prietto
Compass
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$247,904
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$1,069,497

Purchase Details

Closed on
May 29, 2007
Sold by
Kressin Janice Marie
Bought by
Kressin Janice M

Purchase Details

Closed on
Feb 4, 1998
Sold by
Meehan Michael E
Bought by
Kressin Janice Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 1997
Sold by
Meehan Krista
Bought by
Meehan Michael E
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
Hill Lyda -- None Available
Kotin Benjamin T -- California Title Company
Kotin Joel T $715,000 California Title Company
Kressin Janice M -- None Available
Kressin Janice Marie $204,000 Chicago Title Co
Meehan Michael E -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kotin Benjamin T $325,000
Previous Owner Kressin Janice Marie $183,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2014 08/28/14 Sold $715,000 -4.7% $376 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $750,000 -- $395 / 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 $10,416 $859,319 $773,590 $85,729
2024 $10,416 $842,470 $758,421 $84,049
2023 $10,072 $825,951 $743,550 $82,401
2022 $9,774 $809,756 $728,970 $80,786
2021 $9,477 $793,879 $714,677 $79,202
2020 $9,358 $785,739 $707,349 $78,390
2019 $9,153 $770,333 $693,480 $76,853
2018 $8,967 $755,229 $679,882 $75,347
2017 $8,819 $740,421 $666,551 $73,870
2016 $8,635 $725,903 $653,481 $72,422
2015 $8,555 $715,000 $643,665 $71,335
2014 $3,789 $265,716 $182,609 $83,107
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14120561

California Regional Multiple Listing Service (CRMLS)

APN: 422-201-01