2545 Crestline Dr Lemon Grove, CA 91945
7
Beds
4
Baths
3,066
Sq Ft
9,770
Sq Ft Lot
Highlights
- Cooling Available
- Heating Available
- 1-Story Property
- Laundry Room
About This Home
As of August 20217 Bedroom CASH FLOW INVESTMENT OPPORTUNITY with $104,940 in gross Income. Rare opportunity to own a fully leased Senior Independent Living Facility (no license required). HUGE POTENTIAL to expand options by providing home health care services through licensed specialists. Financials and offering memorandum available by request.
Last Agent to Sell the Property
Patrick Hale
The Local Realty Inc. License #01777558 Listed on: 08/27/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,644
Year Built
- Built in 1958
Lot Details
- 9,770 Sq Ft Lot
- Property is zoned R-1:SINGLE
Interior Spaces
- 3,066 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Driveway
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 4805730100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 8, 2020
Sold by
Advantage Property Fund Spe Llc
Bought by
Hollins Alexia
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 26, 2019
Sold by
City Redevelopment Llc
Bought by
Advantage Property Fund Spe Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,485,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 7, 2016
Sold by
City Redevelopnent Llc
Bought by
City Of Lemon Grove
Purchase Details
Listed on
Jun 4, 2014
Closed on
Oct 30, 2014
Sold by
Boren Aileen
Bought by
City Redevelopment Llc
Seller's Agent
Michael Disney
Disney Financial
Buyer's Agent
Ray McCleary
MBA Realty & Investments
List Price
$315,500
Sold Price
$315,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%
Original Mortgage
$236,000
Interest Rate
4.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 20, 2009
Sold by
Boren Marion
Bought by
Boren Marion and Boren Aileen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,500
Interest Rate
2.72%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Mar 20, 2008
Sold by
Dm Residential Care Homes Inc
Bought by
Boren Marion and Boren Aileen
Purchase Details
Closed on
Feb 5, 2007
Sold by
Boren Marion and Boren Aileen
Bought by
D M Residential Care Homes Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.23%
Mortgage Type
Stand Alone Second
Similar Home in Lemon Grove, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $625,000 | Lawyers Title Company | |
| Special Warranty Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | $313,500 | Title 365 | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | -- | Ticor Title Of California | |
| Grant Deed | -- | Ticor Title Of California |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,000 | New Conventional | |
| Previous Owner | $3,485,000 | Commercial | |
| Previous Owner | $236,000 | New Conventional | |
| Previous Owner | $577,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $326,900 | Unknown | |
| Previous Owner | $110,000 | Stand Alone Second | |
| Previous Owner | $108,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2021 08/05/21 | Sold | $635,000 | -2.3% | $207 / Sq Ft |
| 09/25/2020 09/25/20 | Pending | -- | -- | -- |
| 08/28/2020 08/28/20 | For Sale | $649,900 | +106.0% | $212 / Sq Ft |
| 11/10/2014 11/10/14 | Sold | $315,500 | 0.0% | $134 / Sq Ft |
| 10/15/2014 10/15/14 | Pending | -- | -- | -- |
| 06/04/2014 06/04/14 | For Sale | $315,500 | -- | $134 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,644 | $590,940 | $184,199 | $406,741 |
| 2024 | $7,644 | $579,354 | $180,588 | $398,766 |
| 2023 | $8,271 | $637,499 | $177,048 | $460,451 |
| 2022 | $8,227 | $625,000 | $173,577 | $451,423 |
| 2021 | $4,911 | $348,081 | $96,670 | $251,411 |
| 2020 | $4,854 | $344,513 | $95,679 | $248,834 |
| 2019 | $4,780 | $337,758 | $93,803 | $243,955 |
| 2018 | $4,674 | $331,136 | $91,964 | $239,172 |
| 2017 | $4,606 | $324,644 | $90,161 | $234,483 |
| 2016 | $4,444 | $318,280 | $88,394 | $229,886 |
| 2015 | $4,418 | $313,500 | $87,067 | $226,433 |
| 2014 | $14,100 | $159,812 | $44,384 | $115,428 |
Source: Public Records
Agents Affiliated with this Home
-
P
Seller's Agent in 2021
Patrick Hale
The Local Realty Inc.
-
Buyer's Agent in 2021
Jerome Morlet
Compass
(619) 737-6586
1 in this area
29 Total Sales
-
Buyer's Agent in 2021
Everest Mwamba
Kenney & Everest Real Estate
(415) 377-2177
1 in this area
23 Total Sales
-
M
Seller's Agent in 2014
Michael Disney
Disney Financial
(619) 204-8564
1 in this area
3 Total Sales
-
R
Buyer's Agent in 2014
Ray McCleary
MBA Realty & Investments
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: 200041651
APN: 480-573-01
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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