P
Seller's Agent in 2016
Pamela Hester
Hester Realty
228 Backus Ave Pasadena, CA 91107
East Pasadena NeighborhoodEstimated Value: $1,013,000 - $1,451,000
4
Beds
2
Baths
1,510
Sq Ft
$823/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Spanish Architecture
- Double Pane Windows
- Pasadena High School Rated A
- Lawn
- Crown Molding
About This Home
As of January 2016Excellent investment opportunity! Two separate units on a lot in East Pasadena. Both units are 2 Bed / 1 Bath and feature copper plumbing, dual pane windows, hardwood floors, separate yards, and upgraded kitchens and bathrooms. Each has it's own address, parking, washer/dryer, and utilities - only water is shared. The Del Mar Home is approx. 980sf and the Backus house is approx. 530sf.
Last Agent to Sell the Property
Pamela Hester
Hester Realty License #01511797 Listed on: 11/20/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,356
Year Built
- Built in 1924
Lot Details
- 5,838 Sq Ft Lot
- No Common Walls
- Landscaped
- Lawn
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
Home Design
- Spanish Architecture
- Combination Foundation
- Composition Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 1,510 Sq Ft Home
- 1-Story Property
- Crown Molding
- Ceiling Fan
- Double Pane Windows
- Family Room with Fireplace
- Wood Flooring
Kitchen
- Gas Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Gas Dryer Hookup
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
- Gas Water Heater
- Sewer Paid
- Cable TV Available
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 18
- Tax Tract Number 201
- Assessor Parcel Number 5755008011
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $780
- Insurance Expense $900
- Maintenance Expense $800
- Pest Control $480
- Water Sewer Expense $2,160
- New Taxes Expense $5,100
- Gross Income $3,800
- Net Operating Income $35,380
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2015
Closed on
Dec 8, 2015
Sold by
Hester Jacob A and Hester Pamela L
Bought by
Lee Tim Chao
Seller's Agent
Pamela Hester
Hester Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$749,000
Sold Price
$744,000
Premium/Discount to List
-$5,000
-0.67%
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
$494,510
Avg. Annual Appreciation
5.50%
Original Mortgage
$635,896
Interest Rate
3.9%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 13, 2012
Sold by
Hester Jacob A and Hester Pamela L
Bought by
Hester Jacob A and Hester Pamela L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,045
Interest Rate
3.84%
Mortgage Type
VA
Purchase Details
Closed on
Jan 26, 2006
Sold by
Costantino Nicholas John and Costantino Rebecca Jeanne
Bought by
Hester Jacob and Hester Pamela
Purchase Details
Closed on
Feb 4, 2004
Sold by
Fajardo Numeriano D and Fajardo Julia Y
Bought by
Hester Jacob and Hester Pamela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Lee Tim Chao | $744,000 | First American Title | |
| Hester Jacob A | -- | First American Title Company | |
| Hester Jacob | -- | None Available | |
| Hester Jacob | $385,000 | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lee Tim Chao | $603,000 | |
| Closed | Lee Tim Ghao | $595,000 | |
| Closed | Lee Tim Chaq | $605,000 | |
| Closed | Lee Tim Chao | $635,896 | |
| Previous Owner | Hester Jacob A | $491,000 | |
| Previous Owner | Hester Jacob A | $501,045 | |
| Previous Owner | Hester Jacob | $100,000 | |
| Previous Owner | Hester Jacob | $308,000 | |
| Previous Owner | Fajardo Numeriano D | $132,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2016 01/20/16 | Sold | $744,000 | -0.7% | $493 / Sq Ft |
| 11/29/2015 11/29/15 | Pending | -- | -- | -- |
| 11/20/2015 11/20/15 | For Sale | $749,000 | -- | $496 / 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 | $10,356 | $880,738 | $615,572 | $265,166 |
| 2024 | $10,356 | $863,469 | $603,502 | $259,967 |
| 2023 | $10,096 | $846,539 | $591,669 | $254,870 |
| 2022 | $9,752 | $829,941 | $580,068 | $249,873 |
| 2021 | $9,360 | $813,669 | $568,695 | $244,974 |
| 2020 | $8,993 | $805,327 | $562,864 | $242,463 |
| 2019 | $9,014 | $789,537 | $551,828 | $237,709 |
| 2018 | $9,159 | $774,057 | $541,008 | $233,049 |
| 2016 | $5,731 | $462,391 | $263,022 | $199,369 |
| 2015 | $5,668 | $455,447 | $259,072 | $196,375 |
| 2014 | $5,481 | $446,527 | $253,998 | $192,529 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2016
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,780 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC15250154
APN: 5755-008-011
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