NOT LISTED FOR SALE

Estimated Value: $422,000 - $816,000

7 Beds
3 Baths
2,300 Sq Ft
$279/Sq Ft Est. Value

Last Sold January 30, 2014

Last sale price $280,000 $122 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $3,756/month

35 Days on Market

Highlights

  • 0.45 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA

About This Home

As of January 2014

GREAT INVESTMENT. LONG TIME TENANTS AND ALOT OF PEOPLE WAITING. LOCATED CLOSE TO SHOPPING,SCHOOLS AND FREEWAY.

Last Agent to Sell the Property

JIM MULHORN

SUNSET HOMES REAL ESTATE License #01394337 Listed on: 12/19/2013

Last Buyer's Agent

Marco Hernandez

RE/MAX 2000 REALTY License #01210749

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 1946

Lot Details

  • 0.45 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,300 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 231
  • Tax Tract Number 425
  • Assessor Parcel Number 481171034

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • New Taxes Expense $1,850
  • Gross Income $2,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,000

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 481171034
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 121.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 19602.00
  • Lot Size Acres: 0.4500

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Lot Size Area: 19602.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 2800.00

Tax Info

  • New Taxes Expense: 1850.00
  • Tax Lot: 231
  • Tax Tract Number: 425
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2013
Closed on
Jan 13, 2014
Sold by
Veitch Charles
Bought by
Rancho El Palmar Llc
Seller's Agent
JIM MULHORN
SUNSET HOMES REAL ESTATE
Buyer's Agent
Marco Hernandez
RE/MAX 2000 REALTY
List Price
$299,500
Sold Price
$280,000
Premium/Discount to List
-$19,500
-6.51%
Current Estimated Value
$642,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,390
Avg. Annual Appreciation
6.79%
Original Mortgage
$95,000
Outstanding Balance
$72,415
Interest Rate
4.49%
Mortgage Type
Commercial
Estimated Equity
$529,317

Purchase Details

Listed on
Dec 19, 2013
Closed on
Dec 17, 2013
Sold by
Veitch Cheri C
Bought by
Veitch Charles
Seller's Agent
JIM MULHORN
SUNSET HOMES REAL ESTATE
Buyer's Agent
Marco Hernandez
RE/MAX 2000 REALTY
List Price
$299,500
Sold Price
$280,000
Premium/Discount to List
-$19,500
-6.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$72,415
Interest Rate
4.49%
Mortgage Type
Commercial
Estimated Equity
$529,317

Purchase Details

Closed on
Mar 7, 2012
Sold by
Hand Cynthia J
Bought by
Veitch Charles

Purchase Details

Closed on
Jan 30, 2012
Sold by
Hand Fred W
Bought by
Hand Cynthia J

Purchase Details

Closed on
Jan 12, 2011
Sold by
Hand Cynthia
Bought by
Hand Fred W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2006
Sold by
Rushton Alice L
Bought by
Hand Fred W

Purchase Details

Closed on
Mar 18, 1995
Sold by
Rushton Virginia F
Bought by
Rushton Virginia F and Trust Of Virginia F Rushton
Source: Public Records

Range of Values:

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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
Rancho El Palmar Llc $280,000 Stewart Title Riverside
Veitch Charles -- Stewart Title Riverside
Veitch Charles $25,000 First American Title Company
Hand Cynthia J -- None Available
Hand Fred W -- First American Title Company
Hand Fred W $325,000 Fidelity National Title Co
Rushton Virginia F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Southland Equity Capital Llc $95,000
Closed Rancho El Palmar Llc $95,000
Previous Owner Hand Fred W $10,500
Previous Owner Hand Fred W $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2014 01/30/14 Sold $280,000 -6.5% $122 / Sq Ft
12/30/2013 12/30/13 Pending -- -- --
11/25/2013 11/25/13 For Sale $299,500 -- $130 / 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 $4,000 $343,227 $61,287 $281,940
2023 $4,000 $329,901 $58,908 $270,993
2022 $3,850 $323,433 $57,753 $265,680
2021 $3,692 $317,092 $56,621 $260,471
2020 $3,652 $313,842 $56,041 $257,801
2019 $3,592 $307,690 $54,943 $252,747
2018 $3,521 $301,658 $53,866 $247,792
2017 $3,444 $295,744 $52,810 $242,934
2016 $3,409 $289,946 $51,775 $238,171
2015 $3,359 $285,594 $50,999 $234,595
2014 $1,132 $92,216 $40,985 $51,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV13238273

California Regional Multiple Listing Service (CRMLS)

APN: 481-171-034