NOT LISTED FOR SALE

2570-72 Cypress Ave Lemon Grove, CA 91945

Estimated Value: $887,573 - $1,003,000

4 Beds
2 Baths
-- Sq Ft
10,498 Sq Ft Lot

Last Sold May 18, 2021

Last sale price $680,000

Est. 37% increase in value since last sale

Current estimated payment $5,929/month

8 Days on Market

About This Home

As of May 2021

Well cared for duplex on nearly a quarter of an acre. Back unit has large backyard area with views, front unit has large front yard area. Seperate garage for each unit. Wood flooring in both units. Large open kitchen and dining areas, concrete around most of the structure. This is a turn key income property.

Last Agent to Sell the Property

Anthony Carnevale

Carnevale Realty License #01735083 Listed on: 03/22/2021

Last Buyer's Agent

JORGE HERNANDEZ

UNITED EXECUTIVES License #01822282

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,933

Year Built

  • Built in 1969

Lot Details

  • 10,498

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for water, gas/propane
  • Assessor Parcel Number 480-543-02-00

Community Details

Overview

  • 2 Units
  • Arcadia Community

Building Details

  • Net Operating Income $29,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,933

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Lemon Grove Ave
  • Neighborhood: Arcadia
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1969
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Complex Name: Arcadia
  • Community: LEMON GROVE

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 480-543-02-00

Rental Info

  • Tenant Pays: Water, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 29800
  • Annual Expense Actual: 5000
  • Gross Sched Income Actual: 2900
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
May 6, 2021
Sold by
Rodriquez Manuel Rangel
Bought by
Rangel Maria
Seller's Agent
Anthony Carnevale
Carnevale Realty
Buyer's Agent
JORGE HERNANDEZ
UNITED EXECUTIVES
List Price
$679,000
Sold Price
$680,000
Premium/Discount to List
$1,000
0.15%
Current Estimated Value
$931,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,680
Avg. Annual Appreciation
7.67%
Original Mortgage
$667,683
Outstanding Balance
$607,654
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$321,881

Purchase Details

Closed on
Sep 10, 2009
Sold by
Leekley Nicholas
Bought by
Galipeau Joseph and Galipeau Sachiko

Purchase Details

Closed on
Jan 9, 2009
Sold by
Nelson Martina Caruso and Caruso Martina L
Bought by
Galipeau Joseph and Galipeau Sachiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Interest Rate
5.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 13, 2004
Sold by
Langley Mark
Bought by
Caruso Martina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 28, 2000
Sold by
Trust 05/18/90 Berend Frank & Virginia 1990 F and Berend Virginia M
Bought by
Langley Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
7.96%

Purchase Details

Closed on
Aug 29, 2000
Sold by
Trust 05/18/90 Berend Frank & Virginia 1990 F and Berend Virginia M
Bought by
Berend Virginia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
7.96%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rangel Maria -- First American Title
Rangel Maria $680,000 First American Title
Galipeau Joseph -- None Available
Galipeau Joseph $309,000 Equity Title San Diego
Nelson Martina Caruso -- Equity Title San Diego
Caruso Martina L $505,000 First American Title Ins Co
Langley Mark $185,000 California Title Company
Berend Virginia M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rangel Maria $667,683
Previous Owner Galipeau Joseph $167,500
Previous Owner Caruso Martina L $500,000
Previous Owner Caruso Martina L $50,000
Previous Owner Caruso Martina L $404,000
Previous Owner Langley Mark $207,000
Previous Owner Langley Mark $172,500
Previous Owner Langley Mark $166,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 Sold $680,000 +0.1% --
03/31/2021 03/31/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $679,000 -- --
Source: San Diego MLS

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 $9,933 $736,049 $309,662 $426,387
2024 $9,933 $721,618 $303,591 $418,027
2023 $9,687 $707,470 $297,639 $409,831
2022 $9,637 $693,599 $291,803 $401,796
2021 $5,817 $367,822 $154,746 $213,076
2020 $5,740 $364,052 $153,160 $210,892
2019 $5,643 $356,914 $150,157 $206,757
2018 $5,514 $349,916 $147,213 $202,703
2017 $5,426 $343,056 $144,327 $198,729
2016 $5,226 $336,331 $141,498 $194,833
2015 $5,198 $331,280 $139,373 $191,907
2014 $5,009 $324,791 $136,643 $188,148
Source: Public Records

Agents Affiliated with this Home

  • Anthony Carnevale

    Seller's Agent in 2021

    Anthony Carnevale

    Carnevale Realty

    (619) 933-9131

    2 in this area

    18 Total Sales

    Section Image
  • JORGE HERNANDEZ

    Buyer's Agent in 2021

    JORGE HERNANDEZ

    UNITED EXECUTIVES

    (562) 201-1835

    1 in this area

    5 Total Sales

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Map

Source: San Diego MLS

MLS Number: 210007343

San Diego MLS

APN: 480-543-02

California San Diego County Lemon Grove 91945

2570-72 Cypress Ave, Lemon Grove, CA

This home is located at 2570-72 Cypress Ave, Lemon Grove, CA 91945 since 22 March 2021 and is currently estimated at $938,393. This property was built in 1969. 2570-72 Cypress Ave is a home located in San Diego County with nearby schools including Mount Miguel High School, Saint John Of The Cross Catholic School, and Lighthouse Christian Academy.

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