NOT LISTED FOR SALE

Estimated Value: $1,144,000 - $1,218,000

5 Beds
3 Baths
2,347 Sq Ft
$505/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $779,000 $332 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,455/month

17 Days on Market

Highlights

  • Filtered Pool
  • Furnished
  • Converted Garage
  • Wood Flooring
  • Granite Countertops
  • Open to Family Room

About This Home

As of July 2014

This home is located at 2232 E Olmstead Way, Anaheim, CA 92806 since 13 June 2014 and is currently estimated at $1,185,934, approximately $505 per square foot. This property was built in 1966. 2232 E Olmstead Way is a home located in Orange County with nearby schools including Benito Juarez Elementary School, South Junior High School, and Katella High School.

Last Listed By

Keith Powers

Alta Realty Group CA, Inc License #01940642 Listed on: 06/13/2014

Alta Realty Group CA, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,561

Year Built

  • Built in 1966

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac
  • Privacy Fence
  • Block Wall Fence
  • Sprinkler System

Parking

  • 2 Car Garage
  • Converted Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Three Garage Doors
  • Driveway

Home Design

  • Turnkey
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 2,347 Sq Ft Home
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Storage

Kitchen

  • Open to Family Room
  • Electric Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Filtered Pool
  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Saltwater Pool
  • Pool Cover
  • Pool Tile

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Cable TV Expense $2,208
  • Electric Expense $5,769
  • Gardener Expense $1,570
  • Insurance Expense $2,760
  • Maintenance Expense $11,793
  • Other Expense $4,887
  • Pest Control $384
  • Pool Expense $2,335
  • Professional Management Expense $8,777
  • Supplies Expense $4,504
  • New Taxes Expense $9,180
  • Gross Income $11,990
  • Net Operating Income $86,810

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 5611
  • Assessor Parcel Number 25304130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,561

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • CapRate: 11.30
  • Professional Management Expense: 8777.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 4504.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1570.00
  • Parcel Number: 25304130
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Furnished, Granite Counters, Recessed Lighting, Storage
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room, Gas Starter
  • Levels: Two
  • Price Per Square Foot: 331.91
  • Spa Features: Heated, In Ground, Private
  • Window Features: Blinds, Drapes
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Foundation: Slab
  • Fencing: Block, Privacy
  • Pool Expense: 2335.00
  • Pool Features: Pool Cover, Filtered, Gas Heat, In Ground, Private, Salt Water, Tile
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Converted Garage, Concrete, Driveway, Built-In Storage, Garage - Three Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Freezer, Disposal, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Pest Control Expense: 384.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Cul-De-Sac, Sprinkler System
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Cable TV Expense: 2208.00
  • Electric Expense: 5769.00
  • Gross Income: 11990.00
  • Gross Scheduled Income: 164250.00
  • Insurance Expense: 2760.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 11793.00
  • Net Operating Income: 86810.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 57079.00
  • Other Expense: 4887.00
  • Other Expense Description: Mkt/Fees
  • Rent Control: No
  • Total Actual Rent: 143889.00
  • Vacancy Allowance: 20361

Tax Info

  • New Taxes Expense: 9180.00
  • Tax Lot: 29
  • Tax Tract Number: 5611
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2014
Closed on
Jun 27, 2014
Sold by
J & N Price Enterprises Llc
Bought by
Patel Dharmendra A and Patel Shalini
Seller's Agent
Keith Powers
Alta Realty Group CA, Inc
Buyer's Agent
Keith Powers
Alta Realty Group CA, Inc
List Price
$765,000
Sold Price
$779,000
Premium/Discount to List
$14,000
1.83%
Total Days on Market
17
Current Estimated Value
$1,185,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,934
Avg. Annual Appreciation
3.97%
Original Mortgage
$465,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2011
Sold by
Price Joseph T
Bought by
J & N Price Enterprises Llc

Purchase Details

Closed on
Apr 1, 2011
Sold by
Broderick Joseph A
Bought by
Price Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,958
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 9, 2010
Sold by
Buenrostro Rafael and Buenrostro Maria
Bought by
Broderick Joseph A and Buenrostro Family Protective Trust

Purchase Details

Closed on
Sep 7, 2010
Sold by
Buenrostro Rafael and Buenrostro Maria
Bought by
Buenrostro Rafael and Buenrostro Maria

Purchase Details

Closed on
Jan 20, 2010
Sold by
Rogers Linda K
Bought by
Buenrostro Rafael and Buenrostro Maria

Purchase Details

Closed on
Apr 7, 2009
Sold by
Buenrostro Rafael and Buenrostro Maria
Bought by
Rogers Linda K and The 2232 East Olmstead Way Land Trust

Purchase Details

Closed on
Oct 4, 2004
Sold by
Cook Lillian May
Bought by
Buenrostro Rafael and Buenrostro Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Patel Dharmendra A $779,000 Title 365
J & N Price Enterprises Llc -- None Available
Price Joseph $475,000 California Counties Title Co
Broderick Joseph A $430,000 Chicago Title Company
Buenrostro Rafael -- None Available
Buenrostro Rafael -- None Available
Rogers Linda K -- None Available
Buenrostro Rafael $610,000 First American Title Co
Cook Lillian May -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Dharmendra A $407,000
Closed Patel Dharmendra A $450,000
Closed Patel Dharmendra A $465,000
Previous Owner Price Joseph $462,958
Previous Owner Buenrostro Rafael $585,000
Previous Owner Buenrostro Rafael $117,000
Previous Owner Buenrostro Rafael $488,000
Closed Buenrostro Rafael $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $779,000 +1.8% $332 / Sq Ft
06/13/2014 06/13/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $765,000 -- $326 / 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
2024 $10,561 $925,306 $735,554 $189,752
2023 $10,344 $907,163 $721,131 $186,032
2022 $10,221 $889,376 $706,991 $182,385
2021 $10,165 $864,938 $693,129 $171,809
2020 $10,126 $856,070 $686,022 $170,048
2019 $9,813 $839,285 $672,571 $166,714
2018 $9,608 $822,829 $659,383 $163,446
2017 $9,221 $806,696 $646,454 $160,242
2016 $9,198 $790,879 $633,779 $157,100
2015 $9,121 $779,000 $624,259 $154,741
2014 $5,670 $496,433 $341,692 $154,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14108968

California Regional Multiple Listing Service (CRMLS)

APN: 253-041-30