$1,350,000
SOLD OCT 16, 2024
2 Beds
2 Baths
1,689 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$799 Per Sq Ft

11% Below List Price

37 Days on Market

Highlights

  • Park
  • Laundry Room
  • 1-Story Property
  • San Marcos Senior High School Rated A
  • Central Heating and Cooling System

About This Home

As of October 2024

Samarkand duplex comprised of two 845 square foot 2BD/2BA units with a shared 427 SF two-car garage. The property was extensively remodeled
in 2012 with new plumbing, electrical, on-demand water heaters, flooring throughout, new kitchens, new bathrooms, new windows, new doors, new appliances, W&D hookups and HVAC. Each side of the duplex has a fully fenced outdoor patio and enjoys mature landscaping and multiple fruit trees.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group, Inc. Brokerage Email: christos@hayescommercial.com License #01342996 Listed on: 06/06/2024

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group, Inc. Brokerage Email: christos@hayescommercial.com License #01342996 Listed on: 06/06/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,184

Year Built

  • Built in 1959

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,689 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15A
  • Assessor Parcel Number 051351007

Community Details

Overview

  • 2 Units
  • Santa Barbara: Other Subdivision

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Water Sewer Expense $3,000
  • Operating Expense $32,104
  • Net Operating Income $66,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,184

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.37
  • Price Per Unit: 699500
  • Property Attached: Yes
  • Subdivision Name Other: Santa Barbara: Other (80)
  • Water Sewer Expenses: 3000.00
  • Zoning: E-3/S-D-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 051351007
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 799.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 845 Square Feet
  • Gross Multiplier: 15.13
  • Gross Scheduled Income: 100800.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 66680.00
  • 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: 32104.00
  • Rent Control: Yes
  • Total Expenses: 32104.00
  • Vacancy Allowance: 2016

Tax Info

  • Tax Census Tract: 2.01
  • Tax Lot: 15A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Jg Cooper Real Estate Management
Bought by
Declaration Of Trust and Babai
Current Estimated Value
$1,397,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Outstanding Balance
$1,004,506
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$367,808

Purchase Details

Closed on
Oct 7, 2011
Sold by
Jpmorgan Chase Bank National Association
Bought by
Jg Cooper Real Estate Management

Purchase Details

Closed on
Nov 24, 2010
Sold by
Vasquez S Jovanna
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jun 16, 2005
Sold by
Vasquez S Jovanna
Bought by
Vasquez S Jovanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 1997
Sold by
Vasquez Sylvia J
Bought by
Vasquez S Jovanna
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 Type Sale Price Title Company
Grant Deed $1,350,000 First American Title
Grant Deed $375,000 Ticor Title Company Of Calif
Trustee Deed $436,800 Servicelink
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Lawyers Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,012,500 New Conventional
Previous Owner $928,000 Negative Amortization
Previous Owner $99,900 Credit Line Revolving
Previous Owner $25,000 Unknown
Previous Owner $600,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Sold $1,350,000 -3.5% $799 / Sq Ft
07/13/2024 07/13/24 Price Changed $1,399,000 -8.3% $828 / Sq Ft
06/06/2024 06/06/24 For Sale $1,525,000 -- $903 / 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
2023 $5,184 $476,392 $362,180 $114,212
2022 $5,002 $467,052 $355,079 $111,973
2021 $4,885 $457,895 $348,117 $109,778
2020 $4,835 $453,201 $344,548 $108,653
2019 $4,750 $444,316 $337,793 $106,523
2018 $4,683 $435,605 $331,170 $104,435
2017 $4,528 $427,065 $324,677 $102,388
2016 $4,489 $418,692 $318,311 $100,381
2014 $4,368 $404,327 $307,389 $96,938
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24115101

California Regional Multiple Listing Service (CRMLS)

APN: 051-351-007