NOT LISTED FOR SALE

Estimated Value: $1,689,819 - $1,931,000

4 Beds
2 Baths
1,983 Sq Ft
$891/Sq Ft Est. Value

Last Sold September 22, 2018

Last sale price $1,330,000 $671 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $10,781/month

82 Days on Market

About This Home

As of September 2018

BIG price reduction . Don't miss this amazing fully remodeled Spanish duplex in the one and only Belmont Shore. Steps to shops, parks, and restaurants. Only 2 blocks to the beach and a short walk to the bay. True beach living.

Last Agent to Sell the Property

Andy Carter

Fiv Realty Co License #01907002 Listed on: 06/08/2018

Last Buyer's Agent

Suzanne Harrison

Seven Gables Real Estate License #01469272

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2,241 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,983 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 7
  • Assessor Parcel Number 7249021025

Community Details

Overview

  • 2 Units
  • Belmont Shore Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $1,600
  • Insurance Expense $2,400
  • Trash Expense $1,800
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Operating Expense $15,400
  • Gross Income $63,600
  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2S
  • Property Type: Residential Income
  • Parcel Number: 7249021025
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 670.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2241.00
  • Lot Size Acres: 0.0514

Multi Family

  • Electric Expense: 2400.00
  • Fuel Expense: 1600.00
  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 2241.0000 Square Feet
  • Net Operating Income: 58800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4800.00
  • Rent Control: No
  • Total Expenses: 15400.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 5774.00
  • Tax Lot: 8
  • Tax Tract Number: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2018
Closed on
Sep 10, 2018
Sold by
Billinger Robert J
Bought by
Benetatos Pinio Dovalis and The Pinio Dovalis Benetatos Revocable Tr
Seller's Agent
Andy Carter
Fiv Realty Co
Buyer's Agent
Suzanne Harrison
Seven Gables Real Estate
List Price
$1,399,900
Sold Price
$1,330,000
Premium/Discount to List
-$69,900
-4.99%
Current Estimated Value
$1,767,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,205
Avg. Annual Appreciation
3.98%

Purchase Details

Listed on
Aug 9, 2015
Closed on
Nov 4, 2015
Sold by
Silveria James Michael
Bought by
Billinger Robert J and Meezan Lynn A
Seller's Agent
Sarah Allgood
First Team Real Estate
Buyer's Agent
Andy Carter
Fiv Realty Co
List Price
$1,099,000
Sold Price
$1,070,000
Premium/Discount to List
-$29,000
-2.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$749,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 27, 2015
Closed on
Apr 8, 2015
Sold by
Lafranchi Ingrid
Bought by
Silveria James Michael
Seller's Agent
Ken Conant
Estate Properties
Buyer's Agent
Erik Hayhurst
Estate Properties
List Price
$849,000
Sold Price
$850,000
Premium/Discount to List
$1,000
0.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.84%
Original Mortgage
$700,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 27, 2015
Closed on
Mar 20, 2015
Sold by
Hayhurst Kirk Wade
Bought by
Silveria James Michael
Seller's Agent
Ken Conant
Estate Properties
Buyer's Agent
Erik Hayhurst
Estate Properties
List Price
$849,000
Sold Price
$850,000
Premium/Discount to List
$1,000
0.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1995
Sold by
Hayhurst Carl Henry
Bought by
Hayhurst Carl Henry

Purchase Details

Closed on
Apr 6, 1995
Sold by
Wical Esther L
Bought by
Hayhurst Carl Henry and Esther Louise Wical Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Benetatos Pinio Dovalis $1,330,000 Ticor Title Company
Billinger Robert J $1,070,000 Pacific Coast Title Company
Silveria James Michael -- Pacific Coast Title
Silveria James Michael $850,000 Pacific Coast Title
Hayhurst Carl Henry -- --
Hayhurst Carl Henry -- --
Hayhurst Carl Henry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Billinger Robert J $749,000
Previous Owner Silveria James Michael $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2018 09/22/18 Sold $1,330,000 -1.5% $671 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
08/17/2018 08/17/18 Price Changed $1,350,000 -3.6% $681 / Sq Ft
07/22/2018 07/22/18 For Sale $1,399,900 +5.3% $706 / Sq Ft
07/21/2018 07/21/18 Off Market $1,330,000 -- --
07/17/2018 07/17/18 For Sale $1,399,900 +5.3% $706 / Sq Ft
07/16/2018 07/16/18 Off Market $1,330,000 -- --
07/13/2018 07/13/18 For Sale $1,399,900 +5.3% $706 / Sq Ft
07/12/2018 07/12/18 Off Market $1,330,000 -- --
07/03/2018 07/03/18 For Sale $1,399,900 +5.3% $706 / Sq Ft
07/02/2018 07/02/18 Off Market $1,330,000 -- --
06/25/2018 06/25/18 For Sale $1,399,900 +5.3% $706 / Sq Ft
06/24/2018 06/24/18 Off Market $1,330,000 -- --
06/08/2018 06/08/18 For Sale $1,399,900 +30.8% $706 / Sq Ft
11/25/2015 11/25/15 Sold $1,070,000 -2.6% $563 / Sq Ft View Prior Sale
11/03/2015 11/03/15 Pending -- -- --
08/09/2015 08/09/15 For Sale $1,099,000 +29.3% $578 / Sq Ft
04/16/2015 04/16/15 Sold $850,000 +0.1% $447 / Sq Ft View Prior Sale
03/14/2015 03/14/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $849,000 -- $446 / 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 $18,485 $1,483,636 $1,115,517 $368,119
2024 $18,485 $1,454,546 $1,093,645 $360,901
2023 $18,179 $1,426,026 $1,072,201 $353,825
2022 $17,047 $1,398,066 $1,051,178 $346,888
2021 $16,723 $1,370,654 $1,030,567 $340,087
2019 $16,483 $1,330,000 $1,000,000 $330,000
2018 $13,781 $1,113,228 $832,320 $280,908
2017 $13,636 $1,091,400 $816,000 $275,400
2016 $12,678 $1,070,000 $800,000 $270,000
2015 $9,303 $800,000 $600,000 $200,000
2014 $1,101 $69,146 $47,974 $21,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18137374

California Regional Multiple Listing Service (CRMLS)

APN: 7249-021-025