NOT LISTED FOR SALE

220 Cedar Ct Montebello, CA 90640

Estimated Value: $639,495 - $833,000

4 Beds
2 Baths
1,185 Sq Ft
$630/Sq Ft Est. Value

Last Sold December 25, 2012

Last sale price $312,000 $263 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $4,396/month

34 Days on Market

About This Home

As of December 2012

2 UNITS. 3 BED 1 BATH HOUSE AND 1 BED STUDIO OVER GARAGE. NEW FLOORING, NEW BATHROOMS, NEW KITCHEN WITH GRANITE COUNTERS, NEW INTERIOR PAINT, AND NEW FIXTURES. THE ENTIRE PROPERTY IS NEWLY PANTED AND LANDSCAPED. TWO 1 CAR GARAGES.

Last Agent to Sell the Property

Ryan Lusk

First Team Real Estate License #01882596 Listed on: 10/27/2012

First Team Real Estate

Last Buyer's Agent

Enrique Zapata

Mark 1 Real Estate, Inc. License #01714280

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 3,232

Parking

  • 4 Parking Spaces

Home Design

  • 1,185 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 3,232 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 3880
  • Assessor Parcel Number 6350007019

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $40
  • Gross Income $2,800
  • Net Operating Income $32,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 10.92
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 6350007019
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 263.29

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3232.00
  • Lot Size Acres: 0.0740

Multi Family

  • Electric Expense: 40.00
  • Gross Income: 2800.00
  • Gross Multiplier: 8.90
  • Gross Scheduled Income: 33600.00
  • Net Operating Income: 32640.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 960.00

Tax Info

  • Tax Area: 6330
  • Tax Lot: 6
  • Tax Tract Number: 3880

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2012
Closed on
Nov 30, 2012
Sold by
Reme Holdings Llc
Bought by
Holguin Margarita
Seller's Agent
Ryan Lusk
First Team Real Estate
Buyer's Agent
Enrique Zapata
Mark 1 Real Estate, Inc.
List Price
$299,000
Sold Price
$312,000
Premium/Discount to List
$13,000
4.35%
Current Estimated Value
$746,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,374
Avg. Annual Appreciation
6.88%
Original Mortgage
$306,348
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 11, 2011
Closed on
Aug 28, 2012
Sold by
Ceron Jose David and Ceron Blanca Ivone
Bought by
Reme Holdings Llc
Seller's Agent
Javier Sanchez
RE/MAX CHAMPIONS
Buyer's Agent
Andy Carter
Fiv Realty Co
List Price
$220,000
Sold Price
$228,000
Premium/Discount to List
$8,000
3.64%

Purchase Details

Closed on
Oct 7, 1997
Sold by
Washington Mutual Bank Fa
Bought by
Ceron Jose David and Ceron Blanca Ivone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,450
Interest Rate
7.36%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 1996
Sold by
Payes Wilfredo R and Hernandez Mario C
Bought by
American Svgs Bank Fa and American Svgs Bank
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
Holguin Margarita $312,000 Fidelity National Title Co
Reme Holdings Llc $228,000 Fnt Ie
Ceron Jose David $135,000 Investors Title Company
American Svgs Bank Fa $160,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holguin Margarita $306,348
Previous Owner Ceron Jose David $133,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/25/2012 12/25/12 Sold $312,000 +4.3% $263 / Sq Ft
11/30/2012 11/30/12 Pending -- -- --
10/27/2012 10/27/12 For Sale $299,000 +31.1% $252 / Sq Ft
10/12/2012 10/12/12 Sold $228,000 0.0% $192 / Sq Ft View Prior Sale
10/12/2012 10/12/12 Sold $228,000 +3.6% $192 / Sq Ft View Prior Sale
04/11/2012 04/11/12 Pending -- -- --
04/11/2012 04/11/12 Pending -- -- --
03/29/2012 03/29/12 Price Changed $220,000 0.0% $186 / Sq Ft
03/29/2012 03/29/12 For Sale $220,000 +2.3% $186 / Sq Ft
11/14/2011 11/14/11 Pending -- -- --
08/11/2011 08/11/11 For Sale $215,000 -21.8% $181 / Sq Ft
07/16/2011 07/16/11 For Sale $275,000 -- $232 / 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 $6,200 $384,192 $261,054 $123,138
2024 $6,200 $376,660 $255,936 $120,724
2023 $6,163 $369,275 $250,918 $118,357
2022 $5,952 $362,036 $245,999 $116,037
2021 $5,725 $354,938 $241,176 $113,762
2020 $5,589 $351,300 $238,704 $112,596
2019 $5,435 $344,413 $234,024 $110,389
2018 $5,496 $337,661 $229,436 $108,225
2016 $5,275 $324,551 $220,528 $104,023
2015 $5,014 $319,677 $217,216 $102,461
2014 $4,954 $313,416 $212,962 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Ryan Lusk

    Seller's Agent in 2012

    Ryan Lusk

    First Team Real Estate

    (562) 438-1132

    15 Total Sales

    Ryan Lusk
    Section Image
  • Javier Sanchez

    Seller's Agent in 2012

    Javier Sanchez

    RE/MAX

    (909) 949-0605

    54 Total Sales

    Javier Sanchez
    Section Image
  • Enrique Zapata

    Buyer's Agent in 2012

    Enrique Zapata

    Mark 1 Real Estate, Inc.

    (562) 841-8229

    45 Total Sales

    Enrique Zapata
    Section Image
  • Andy Carter

    Buyer's Agent in 2012

    Andy Carter

    Fiv Realty Co

    (818) 437-9152

    1 in this area

    130 Total Sales

    Andy Carter
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S716271

California Regional Multiple Listing Service (CRMLS)

APN: 6350-007-019

California Los Angeles County Montebello 90640

220 Cedar Ct, Montebello, CA

Not Listed for Sale

MultiFamily

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