NOT LISTED FOR SALE

Estimated Value: $1,412,000 - $1,682,000

4 Beds
3 Baths
1,754 Sq Ft
$871/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $780,000 $445 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $9,119/month

134 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Open to Family Room
  • Fremont Elementary School Rated A
  • Granite Countertops
  • Family Room Off Kitchen

About This Home

As of December 2013

Great area in Belmont Heights. Blocks from the ocean and Belmont shore area. Front house is completely remodeled 2 bed 2 bath with office room. Everything has been redone. New kitchen, huge new cabinets, island with oven range, new appliances, granite counter tops. Great open floor plan with fireplace, hardwood floors, recess lighting and much more. Master bed has walk in closet with a full remodeled bathroom. Hallway bath has been completely redone to perfection. Brand new foundation. Shows well. Back unit is a 2 bedroom 1 bathroom with remodeled kitchen and bathroom. Property has a single car garage with two parking spaces in the back alley. Backyard has nice common area good for BBQing and entertaining.

Last Agent to Sell the Property

Chris Trainotti

Michael Torres, Broker License #01268624 Listed on: 09/30/2013

Last Buyer's Agent

Bill Boyd

Keller Williams Pacific Estate License #00770747

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 6,514 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 2 Carport Spaces

Interior Spaces

  • 1,754 Sq Ft Home
  • Recessed Lighting
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Wood Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5772
  • Assessor Parcel Number 7255010023

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $125
  • Insurance Expense $125
  • Trash Expense $41
  • Water Sewer Expense $41
  • New Taxes Expense $11,562
  • Gross Income $3,700
  • Net Operating Income $40,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 41.00
  • Property Type: Residential Income
  • Parcel Number: 7255010023
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Family Room
  • Price Per Square Foot: 444.70
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Trash Expense: 41.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6514.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 125.00
  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 125.00
  • Lot Size Area: 6514.0000 Square Feet
  • Net Operating Income: 40440.00
  • 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: 3960.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11562.00
  • Tax Lot: 22
  • Tax Tract Number: 5772
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2014
Sold by
Hoffman Suzanne Kay and Hoffman Thomas Charles
Bought by
Hoffman Family Living Trust
Current Estimated Value
$1,527,334

Purchase Details

Listed on
Sep 30, 2013
Closed on
Oct 31, 2013
Sold by
Marland Gregory James
Bought by
Hoffman Suzanne Kay and Hoffman Thomas Charles
Seller's Agent
Chris Trainotti
Michael Torres, Broker
Buyer's Agent
Bill Boyd
Keller Williams Pacific Estate
List Price
$925,000
Sold Price
$780,000
Premium/Discount to List
-$145,000
-15.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$480,000
Outstanding Balance
$355,244
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$1,172,090

Purchase Details

Closed on
Apr 5, 2004
Sold by
Evans Carol and Lent 1997 Revocable Fam Nora M
Bought by
Marland Gregory James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2002
Sold by
Lent Nora M
Bought by
Lent Nora M and The Nora M Lent 1997 Revocable

Purchase Details

Closed on
Aug 16, 2002
Sold by
Lent Nora M and Lent 1997 Revocable Fam Nora M
Bought by
Lent Nora M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.16%
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
Hoffman Family Living Trust -- None Available
Hoffman Suzanne Kay $780,000 Western Resources Title Co
Marland Gregory James $620,000 Fidelity National Title Co L
Lent Nora M -- --
Lent Nora M -- Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Suzanne Kay $480,000
Previous Owner Marland Gregory James $496,000
Previous Owner Lent Nora M $130,000
Closed Marland Gregory James $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2013 12/13/13 Sold $780,000 -15.7% $445 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
06/24/2013 06/24/13 For Sale $925,000 -- $527 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,158 $956,164 $668,092 $288,072
2024 $12,158 $937,417 $654,993 $282,424
2023 $11,957 $919,037 $642,150 $276,887
2022 $11,223 $901,017 $629,559 $271,458
2021 $11,006 $883,351 $617,215 $266,136
2020 $10,978 $874,295 $610,887 $263,408
2019 $10,850 $857,153 $598,909 $258,244
2018 $10,498 $840,347 $587,166 $253,181
2016 $9,659 $807,716 $564,366 $243,350
2015 $9,266 $795,584 $555,889 $239,695
2014 $9,199 $780,000 $545,000 $235,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13121107

California Regional Multiple Listing Service (CRMLS)

APN: 7255-010-023