NOT LISTED FOR SALE

Estimated Value: $876,000 - $1,024,746

5 Beds
4 Baths
2,211 Sq Ft
$433/Sq Ft Est. Value

Last Sold January 11, 2013

Last sale price $382,500 $173 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $5,507/month

183 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Siding
  • No Heating

About This Home

As of January 2013

Standard Sale. Two Units 2/2 and 2/2 with a total of 2211 Sqft on a 8419 SqFt lot. Three Garages. There is a large third illegal unit attached to the detached garage but the city had the owner take out the appliances. The front unit is two story and the back unit is one story. This is a very large lot. Oversized. The neighborhood is all residential and very quiet. Wide street with mature trees. Good neighborhood.

Last Agent to Sell the Property

Sindy Verdugo

RE/MAX College Park Realty License #00696172 Listed on: 06/27/2012

RE/MAX College Park Realty

Last Buyer's Agent

Jim Spathos

24 Hour Real Estate License #01296368

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 8,420

Parking

  • 3 Parking Spaces

Home Design

  • 2,211 Sq Ft Home
  • Cape Cod Architecture
  • Wood Siding
  • Stucco

Additional Features

  • 8,420 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 1432
  • Assessor Parcel Number 7202019021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $4,602
  • Gross Income $925
  • Net Operating Income $9,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 2.57
  • View: No
  • Water Sewer Expenses: 600.00
  • Architectural Style: Cape Cod
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7202019021
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 173.00

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8420.00
  • Lot Size Acres: 0.1930

Multi Family

  • Gross Income: 925.00
  • Gross Multiplier: 34.68
  • Gross Scheduled Income: 11100.00
  • Net Operating Income: 9900.00
  • 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: 1200.00
  • Total Actual Rent: 11100.00

Tax Info

  • New Taxes Expense: 4602.00
  • Tax Area: 5501
  • Tax Lot: 35
  • Tax Tract Number: 1432

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2012
Closed on
Jan 11, 2013
Sold by
Frousakis Vicky
Bought by
Frousakis Gus N
Seller's Agent
Sindy Verdugo
RE/MAX College Park Realty
Buyer's Agent
Jim Spathos
24 Hour Real Estate
List Price
$449,000
Sold Price
$382,500
Premium/Discount to List
-$66,500
-14.81%
Current Estimated Value
$956,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,937
Avg. Annual Appreciation
7.31%

Purchase Details

Closed on
Oct 22, 2012
Sold by
Hanna Sands Sally L
Bought by
Frousakis Gus N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,250
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Hanna Sands Sally L and Hanna Sally L
Bought by
Sands Norman G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 1994
Sold by
Hanna Sally L
Bought by
Hanna Sally L

Purchase Details

Closed on
Feb 22, 1994
Sold by
Young Jack M and Young Jeanette E
Bought by
Young Jack M

Purchase Details

Closed on
Nov 29, 1993
Sold by
Young Jack M and Young Jeanette E
Bought by
Young Jack M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,500
Interest Rate
7.09%
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
Frousakis Gus N -- Pacific Coast Title Company
Frousakis Gus N $362,000 Pacific Coast Title Company
Sands Norman G -- Lawyers Title
Hanna Sally L -- --
Young Jack M -- --
Young Jack M -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frousakis Gus N $239,250
Previous Owner Sands Norman G $41,500
Previous Owner Young Jack M $79,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2013 01/11/13 Sold $382,500 -14.8% $173 / Sq Ft
12/27/2012 12/27/12 Pending -- -- --
06/27/2012 06/27/12 For Sale $449,000 -- $203 / 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 $6,124 $445,765 $221,651 $224,114
2024 $6,124 $437,025 $217,305 $219,720
2023 $6,019 $428,457 $213,045 $215,412
2022 $5,664 $420,057 $208,868 $211,189
2021 $5,436 $411,822 $204,773 $207,049
2019 $5,360 $399,608 $198,700 $200,908
2018 $5,112 $391,773 $194,804 $196,969
2016 $4,696 $376,562 $187,241 $189,321
2015 $4,511 $370,907 $184,429 $186,478
2014 $4,487 $363,643 $180,817 $182,826
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P826842

California Regional Multiple Listing Service (CRMLS)

APN: 7202-019-021