NOT LISTED FOR SALE

231 E Dexter St Covina, CA 91723

Estimated Value: $721,968 - $1,033,000

4 Beds
2 Baths
1,582 Sq Ft
$571/Sq Ft Est. Value

Last Sold December 04, 2018

Last sale price $660,000 $417 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,490/month

21 Days on Market

Highlights

  • Laundry Room
  • South Hills High School Rated A-
  • Back and Front Yard

About This Home

As of December 2018

Great two on a lot in the heart of Covina! Front unit features two bedrooms and one bathroom, large laundry room with utility sink, oak cabinetry and a large room/office. It has a separate yard, a deep driveway for additional parking, plus a 2-car detached garage. The rear unit has a separate entrance from the alley way, it features two bedrooms and one bath, all white cabinets, large laundry room with ample space for storage, yard area and carport. There are separate electric, gas and water meters. Located just a few minutes from Downtown Covina, restaurants, entertainment and shopping. These units are a great investment for a first time investor or a seasoned investor seeking solid returns. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.

Last Agent to Sell the Property

The Mark and Al Team

CENTURY 21 MASTERS License #00914322 Listed on: 09/20/2018

CENTURY 21 MASTERS

Last Buyer's Agent

Robert Cofer

CENTURY 21 MASTERS License #01947262

CENTURY 21 MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 8,718 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • 1 Carport Space

Home Design

  • 1,582 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4692
  • Assessor Parcel Number 8445017018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $80
  • Insurance Expense $1,600
  • Maintenance Expense $1,500
  • Trash Expense $632
  • New Taxes Expense $8,112
  • Operating Expense $11,924
  • Gross Income $30,076
  • Net Operating Income $30,076

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.60
  • Property Attached: No
  • Zoning: CVR3-RD1250*
  • Property Type: Residential Income
  • Gardener Expense: 80.00
  • Parcel Number: 8445017018
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 417.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Trash Expense: 632.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8718.00
  • Lot Size Acres: 0.2001

Multi Family

  • Gross Income: 30076.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 8718.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 30076.00
  • 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: 11924.00
  • Rent Control: No
  • Total Expenses: 11924.00

Tax Info

  • New Taxes Expense: 8112.00
  • Tax Census Tract: 4061.02
  • Tax Lot: 8
  • Tax Tract Number: 4692

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2018
Closed on
Nov 19, 2018
Sold by
Moore Danielle E
Bought by
Da Xing Zhao Thomas and Tang Aileen An Fang
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Robert Cofer
CENTURY 21 MASTERS
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Current Estimated Value
$903,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,992
Avg. Annual Appreciation
4.52%

Purchase Details

Closed on
Apr 28, 2017
Sold by
Moore Danielle E
Bought by
Moore Danielle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2017
Sold by
Brown David L
Bought by
Moore Danielle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2003
Sold by
The Clara L Moore Revocable Living Trust
Bought by
Moore Danielle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.72%

Purchase Details

Closed on
Aug 14, 2000
Sold by
Moore Clara L
Bought by
Moore Clara L and The Clara L Moore Revocable Li
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Da Xing Zhao Thomas $660,000 Chicago Title Company
Moore Danielle E -- First American Title Company
Moore Danielle E -- First American Title Company
Moore Danielle E $250,000 United Title Company
Moore Clara L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Danielle E $300,000
Previous Owner Moore Danielle E $200,000
Closed Moore Danielle E $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2018 12/04/18 Sold $660,000 0.0% $417 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
10/05/2018 10/05/18 Off Market $660,000 -- --
09/20/2018 09/20/18 For Sale $650,000 -- $411 / 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 $9,153 $736,237 $446,205 $290,032
2024 $9,153 $721,802 $437,456 $284,346
2023 $9,022 $707,650 $428,879 $278,771
2022 $8,905 $693,775 $420,470 $273,305
2021 $8,778 $680,173 $412,226 $267,947
2020 $8,661 $673,200 $408,000 $265,200
2019 $8,580 $660,000 $400,000 $260,000
2018 $1,241 $58,335 $37,894 $20,441
2016 $1,159 $56,072 $36,423 $19,649
2015 $1,131 $55,230 $35,876 $19,354
2014 -- $54,149 $35,174 $18,975
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18229104

California Regional Multiple Listing Service (CRMLS)

APN: 8445-017-018