NOT LISTED FOR SALE

231 S Grape St Escondido, CA 92025

Central Escondido Neighborhood

Estimated Value: $865,000 - $957,478

5 Beds
2 Baths
2,106 Sq Ft
$439/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2023

Last sale price $850,000 $404 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,737 / mo

6 Days on Market

About This Home

As of February 2023

This stylish, midcentury-modern duplex located in the historic district of Escondido is a great opportunity for both investors and owner-occupant alike. The two bedroom unit has just been completely remodeled and is currently rented out at market rents, providing a steady income stream. It boasts a brand new kitchen with shaker cabinets, stainless-steel appliances, as well as a renovated bathroom. The three bedroom unit (also updated) is ready for you to move in and make it your own, OR you can continue to rent it out for additional income. The units feature wood-look and tile flooring, ample natural light, an open floor plan great views, and a gated parking area. The location of this property is unbeatable, with easy access to local shops, restaurants, and entertainment in the heart of Old Escondido. This property offers the perfect combination of vintage charm and modern updates and must be seen to be fully appreciated. Don't miss out on this rare opportunity to own a piece of Escondido's history.

Last Agent to Sell the Property

J.C. Agajanian

eXp Realty of California, Inc. License #01397607 Listed on: 01/26/2023

eXp Realty of California, Inc.

Co-Listed By

Spencer Smock

eXp Realty of California, Inc. License #02143853

Last Buyer's Agent

Michelle Tran

Professional Realty Services License #01967080

Professional Realty Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 8,230 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Units
  • Net Operating Income $55,140

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 229-492-08-00

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

8,230 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Market Area: North County
  • Cross Street: 3rd Ave
  • Neighborhood: Escondido
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Community: EAST ESCONDIDO

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 229-492-08-00
  • Estimated Lot Sq Ft: 8230

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 55140
  • Gross Rent Multiplier Actual: 16.0
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Feb 9, 2023
Sold by
Bought by
Seller's Agent
J.C. Agajanian
eXp Realty of California, Inc.
Buyer's Agent
Michelle Tran
Professional Realty Services
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Views
40
Current Estimated Value
$925,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,370
Avg. Annual Appreciation
2.64%
Original Mortgage
$637,500
Outstanding Balance
$616,092
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$309,278

Purchase Details

Closed on
Dec 14, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,226
Interest Rate
3.95%
Mortgage Type
VA

Purchase Details

Closed on
Dec 13, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,226
Interest Rate
3.95%
Mortgage Type
VA

Purchase Details

Closed on
May 6, 2015
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 14, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

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

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 Fidelity National Title
-- First American Title Company
$665,000 First American Title Company
-- Corinthian Title Company Inc
$364,000 Fidelity National Title Co
$420,963 Lsi
-- Multiple
$525,000 Multiple
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $637,500
Previous Owner $641,226
Previous Owner $291,200
Previous Owner $105,000
Previous Owner $420,000
Previous Owner $420,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $850,000 -5.5% $404 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $899,000 -- $427 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,913 $884,338 $418,894 $465,444
2024 $9,913 $866,999 $410,681 $456,318
2023 $8,295 $727,270 $344,494 $382,776
2022 $8,208 $713,011 $337,740 $375,271
2021 $8,075 $699,031 $331,118 $367,913
2020 $8,028 $691,864 $327,723 $364,141
2019 $7,834 $678,299 $321,298 $357,001
2018 $7,617 $665,000 $314,999 $350,001
2017 $42 $393,510 $186,399 $207,111
2016 $4,449 $385,795 $182,745 $203,050
2015 $4,537 $397,815 $240,438 $157,377
2014 -- $350,000 $35,000 $315,000
Source: Public Records

Agents Affiliated with this Home

  • J.C. Agajanian

    Seller's Agent in 2023

    J.C. Agajanian

    eXp Realty of California, Inc.

    (619) 369-2915

    3 in this area

    85 Total Sales

    J.C. Agajanian
    Section Image
  • Spencer Smock

    Seller Co-Listing Agent in 2023

    Spencer Smock

    eXp Realty of California, Inc.

    (619) 508-9969

    2 in this area

    43 Total Sales

    Spencer Smock
    Section Image
  • Michelle Tran

    Buyer's Agent in 2023

    Michelle Tran

    Professional Realty Services

    (760) 917-0264

    5 in this area

    71 Total Sales

    Michelle Tran
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230001312

San Diego MLS

APN: 229-492-08

California San Diego County Escondido 92025 Central Escondido

231 S Grape St, Escondido, CA

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