Seller's Agent in 2016
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
3 in this area
60 Total Sales
227 W Sunkist St Ontario, CA 91762
Downtown Ontario NeighborhoodEstimated Value: $946,000 - $1,178,000
8
Beds
4
Baths
3,396
Sq Ft
$322/Sq Ft
Est. Value
About This Home
As of August 2016The Sunkist/Palm property is located in Ontario on a corner lot between Sunkist Street and Palm Avenue. The buildings sit on a 7,379 square foot lot consisting of 1 single family residence, 1 duplex, and 1 bedroom rental units. The units feature a diverse mix of a 1 bedroom/1 bathroom, 2 bedroom/1 bathroom, and 3 bedroom/1 bathroom house built in 1931 with unit size ranging from 360 to 1,476 square feet.
The buildings feature upgrades such as new windows, exterior doors, security doors, insulation, and AC/Heater systems. They are also individually metered for gas and electricity, with individual hot water heaters. This property is an ideal investment for buyers looking for a 1031 exchange opportunity or those who would like a long-term investment property that will consistently provide a stable income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,674
Year Built
- Built in 1963
Lot Details
- 7,379 Sq Ft Lot
- 1 Common Wall
- Density is 21-25 Units/Acre
Parking
- 2 Car Garage
- On-Street Parking
Home Design
- 3,396 Sq Ft Home
- Split Level Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 1600
- Assessor Parcel Number 1049265010000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,334
- Trash Expense $3,450
- Water Sewer Expense $3,450
- New Taxes Expense $6,962
- Gross Income $4,175
- Net Operating Income $28,144
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2016
Closed on
Aug 12, 2016
Sold by
Chou Emily Chia Yu
Bought by
Duong Arthor
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$625,000
Sold Price
$615,000
Premium/Discount to List
-$10,000
-1.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,185
Avg. Annual Appreciation
6.87%
Original Mortgage
$461,250
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 8, 2016
Closed on
Jul 11, 2016
Sold by
Norman Edward H
Bought by
Duong Arthor
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$625,000
Sold Price
$615,000
Premium/Discount to List
-$10,000
-1.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 25, 2010
Sold by
Norman Edward H
Bought by
Norman Edward H and Norman Elizabeth G
Purchase Details
Closed on
Mar 19, 2002
Sold by
Norman Edward H and Norman Elizabeth G
Bought by
Norman Edward H and Norman Elizabeth G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.85%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Duong Arthor | -- | First American Title Ins Co | |
| Duong Arthor | $615,000 | First American Title Ins Co | |
| Norman Edward H | -- | None Available | |
| Norman Edward H | -- | Chicago Title | |
| Norman Edward H | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Duong Arthor | $427,000 | |
| Previous Owner | Duong Arthor | $461,250 | |
| Previous Owner | Norman Edward H | $189,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2016 08/31/16 | Sold | $615,000 | -1.6% | $181 / Sq Ft |
| 07/10/2016 07/10/16 | Pending | -- | -- | -- |
| 07/08/2016 07/08/16 | For Sale | $625,000 | -- | $184 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,674 | $713,759 | $110,255 | $603,504 |
| 2024 | $7,674 | $699,764 | $108,093 | $591,671 |
| 2023 | $7,458 | $686,044 | $105,974 | $580,070 |
| 2022 | $7,360 | $672,592 | $103,896 | $568,696 |
| 2021 | $7,314 | $659,404 | $101,859 | $557,545 |
| 2020 | $7,186 | $652,643 | $100,815 | $551,828 |
| 2019 | $7,124 | $639,846 | $98,838 | $541,008 |
| 2018 | $7,026 | $627,300 | $96,900 | $530,400 |
| 2017 | $6,774 | $615,000 | $95,000 | $520,000 |
| 2016 | $2,180 | $199,944 | $28,564 | $171,380 |
| 2015 | $2,165 | $196,941 | $28,135 | $168,806 |
| 2014 | $2,098 | $193,083 | $27,584 | $165,499 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV16148913
APN: 1049-265-01
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