NOT LISTED FOR SALE

2501 Bancroft Dr Spring Valley, CA 91977

Estimated Value: $632,517 - $739,000

2 Beds
1 Bath
912 Sq Ft
$748/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $565,000 $620 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,073/month

9 Days on Market

Highlights

  • Bonus Room
  • No Heating
  • 1-Story Property
  • No HOA
  • Back and Front Yard

About This Home

As of June 2023

Welcome to this charming and rare cottage-like home located in the peaceful neighborhood of Spring Valley. Built in 1947, this single-family residence offers a delightful blend of vintage charm and modern potential. With 2 bedrooms, 1 bath, and 912 square feet of living space, this cozy retreat is perfect for first-time homebuyers or developers, zoned for multi-family homes. As you enter, you'll be captivated by the warmth and character this home exudes. The cozy living area welcomes you with a sense of comfort, perfect for relaxing after a long day. Large windows bathe the space in natural light, creating an inviting and cheerful ambiance throughout. The well-designed kitchen provides ample cabinetry and counter space, allowing for easy meal preparation. With a little creativity, you can transform this culinary space into your dream kitchen. The adjacent dining area offers a cozy spot for family meals or intimate gatherings. This home's two bedrooms provide peaceful retreats, each with their own unique charm. The bathroom is thoughtfully designed and features modern fixtures and a functional layout. Situated on a generous 6,000 square foot lot, this property boasts a large backyard with immense potential. It presents an excellent opportunity for an Accessory Dwelling Unit (ADU) or even building a duplex, providing the flexibility to expand your living space or generate rental income. Imagine creating a guest house, an art studio, or an additional living area—the possibilities are endless. Spring Valley's convenient location provides easy access to local amenities, schools, parks, and recreational opportunities. You'll appreciate the proximity to shopping centers, dining options, and entertainment venues, ensuring all your needs are met.

Last Agent to Sell the Property

Eduardo Ortega

eXp Realty of California, Inc. License #01972463 Listed on: 05/22/2023

eXp Realty of California, Inc.

Co-Listed By

Inakie Jaime

Big Block Realty, Inc License #02211746

Last Buyer's Agent

Jessica Flores Marroquin

eXp Realty of Southern California, Inc. License #02121650

eXp Realty of Southern California, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • 6,160 Sq Ft Lot
  • Back and Front Yard
  • Property is zoned R-2:Minor Multiple

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Bonus Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Tract Number 200
  • Assessor Parcel Number 5041930300

Home Details

Home Type

Single Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: R-2:Minor Multiple
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5041930300
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 912.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 619.52
  • Room Type: Bonus Room

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6160.00
  • Lot Size Acres: 0.1414

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6160.0000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 00200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Jun 16, 2023
Sold by
Cardona Kellie
Bought by
Ramirez Jean Teresa
Seller's Agent
Eduardo Ortega
eXp Realty of California, Inc.
Buyer's Agent
Jessica Flores Marroquin
eXp Realty of Southern California, Inc.
List Price
$569,000
Sold Price
$565,000
Premium/Discount to List
-$4,000
-0.7%
Views
51
Current Estimated Value
$662,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,012
Avg. Annual Appreciation
7.68%
Original Mortgage
$480,250
Outstanding Balance
$466,382
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$215,997

Purchase Details

Listed on
May 22, 2023
Closed on
Jun 6, 2023
Sold by
Quinn Linda P
Bought by
Montoya Sonia M and Ramirez Jean Teresa
Seller's Agent
Eduardo Ortega
eXp Realty of California, Inc.
Buyer's Agent
Jessica Flores Marroquin
eXp Realty of Southern California, Inc.
List Price
$569,000
Sold Price
$565,000
Premium/Discount to List
-$4,000
-0.7%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,250
Outstanding Balance
$466,382
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$215,997

Purchase Details

Closed on
Jul 29, 1992
Bought by
Quinn Linda P

Purchase Details

Closed on
Mar 10, 1989

Purchase Details

Closed on
Oct 1, 1987
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
Ramirez Jean Teresa -- First American Title
Montoya Sonia M -- First American Title
Montoya Sonia M $565,000 First American Title
Quinn Linda P $109,900 --
-- $95,500 --
-- $83,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montoya Sonia M $480,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $565,000 -0.7% $620 / Sq Ft
05/31/2023 05/31/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $569,000 -- $624 / 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 $7,326 $587,824 $431,445 $156,379
2024 $7,326 $576,299 $422,986 $153,313
2023 $2,642 $181,603 $133,291 $48,312
2022 $2,587 $178,043 $130,678 $47,365
2021 $2,566 $174,553 $128,116 $46,437
2020 $3,846 $172,764 $126,803 $45,961
2019 $3,807 $169,377 $124,317 $45,060
2018 $3,711 $166,057 $121,880 $44,177
2017 $831 $162,802 $119,491 $43,311
2016 $2,159 $159,611 $117,149 $42,462
2015 $2,139 $157,215 $115,390 $41,825
2014 $2,103 $154,136 $113,130 $41,006
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2302385

California Regional Multiple Listing Service (CRMLS)

APN: 504-193-03