NOT LISTED FOR SALE

2705 Bancroft Dr Spring Valley, CA 91977

Estimated Value: $706,000 - $804,000

4 Beds
3 Baths
1,456 Sq Ft
$517/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $670,000 $460 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,639/month

14 Days on Market

Highlights

  • 0.36 Acre Lot
  • Neighborhood Views
  • No Heating
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of October 2023

JUST REDUCED! "Excellent Investment Potential for This 4-Bedroom, 3-Full-Bath House! New Permitted Addition Added for the Kitchen and 1 Bedroom with a Full Bath (New Bathroom Not Permitted). The Property Needs a Little TLC and Is Being Sold in "As-Is" Condition. Situated on a Large 15,661 sq. ft. Flat Lot Zoned R-2. The Detached Garage Has Been Converted to a Studio without a Permit. The Studio Features a Half Bathroom and a Separate Entry from the Side Street. Currently, There Is a Tenant on a Month-to-Month Lease Paying $1100/Month. A Solar System Has Been Installed and Will Be Paid Off at the Close of Escrow. However, the System Is Not Functioning and Requires Replacement of 2 Panels. The Main House Received a New Roof Installation 3 Months Ago - Must Be Seen to Be Appreciated!"

Last Agent to Sell the Property

Simon Sung

Noble Real Estate Services Brokerage Phone: 619-253-2669 License #01260154 Listed on: 08/22/2023

Last Buyer's Agent

Amador Sandoval

i2i Real Estate & Mortgage License #02192249

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 0.36 Acre Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned R-2

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,456 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Urban Location
  • Suburban Location

Utilities

  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5041924600

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: R-2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5041924600
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1456.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 460.16
  • Room Type: Entry

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban, Urban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15661.00
  • Lot Size Acres: 0.3595

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15661.0000 Square Feet
  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2023
Sold by
Alatorre Jose Felix Cibrian
Bought by
Cibrian Family Trust and Alatorre
Current Estimated Value
$752,332

Purchase Details

Listed on
Aug 22, 2023
Closed on
Oct 4, 2023
Sold by
Mejia Teresa De Jesus Sotero
Bought by
Alatorre Jose F Cibrian
Seller's Agent
Simon Sung
Noble Real Estate Services
Buyer's Agent
Amador Sandoval
i2i Real Estate & Mortgage
List Price
$695,000
Sold Price
$670,000
Premium/Discount to List
-$25,000
-3.6%
Views
192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$536,000
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 22, 2023
Closed on
Sep 21, 2023
Sold by
Roger Drapeau Revocable Trust
Bought by
Alatorre Jose F Cibrian
Seller's Agent
Simon Sung
Noble Real Estate Services
Buyer's Agent
Amador Sandoval
i2i Real Estate & Mortgage
List Price
$695,000
Sold Price
$670,000
Premium/Discount to List
-$25,000
-3.6%
Views
192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2023
Sold by
Roger Drapeau Revocable Trust
Bought by
Roger Drapeau Revocable Trust and Drapeau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
6.79%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 19, 2002
Sold by
Drapeau Roger
Bought by
Roger Drapeau Revocable Trust

Purchase Details

Closed on
Aug 21, 1997
Sold by
Drapeau Ines M
Bought by
Drapeau Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
9.49%

Purchase Details

Closed on
Aug 13, 1997
Sold by
Buckmaster Kathy E and Porter David L
Bought by
Drapeau Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
9.49%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cibrian Family Trust -- None Listed On Document
Alatorre Jose F Cibrian -- First American Title
Alatorre Jose F Cibrian $670,000 First American Title
Roger Drapeau Revocable Trust -- Corinthian Title
Roger Drapeau Revocable Trust -- --
Drapeau Roger -- Southland Title
Drapeau Roger $73,500 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alatorre Jose F Cibrian $536,000
Previous Owner Roger Drapeau Revocable Trust $318,000
Previous Owner Drapeau Roger $50,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2023 10/05/23 Sold $670,000 +3.1% $460 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
08/29/2023 08/29/23 Price Changed $650,000 -6.5% $446 / Sq Ft
08/22/2023 08/22/23 For Sale $695,000 -- $477 / 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 $8,508 $683,400 $357,000 $326,400
2024 $8,508 $670,000 $350,000 $320,000
2023 $2,334 $148,071 $61,374 $86,697
2022 $2,283 $145,169 $60,171 $84,998
2021 $2,268 $142,324 $58,992 $83,332
2020 $2,168 $140,866 $58,388 $82,478
2019 $2,135 $138,105 $57,244 $80,861
2018 $2,051 $135,398 $56,122 $79,276
2017 $831 $132,744 $55,022 $77,722
2016 $1,901 $130,143 $53,944 $76,199
2015 $1,884 $128,189 $53,134 $75,055
2014 $1,855 $125,679 $52,094 $73,585
Source: Public Records

Agents Affiliated with this Home

  • Simon Sung

    Seller's Agent in 2023

    Simon Sung

    Noble Real Estate Services

    (619) 253-2669

    2 in this area

    49 Total Sales

    Simon Sung
    Section Image
  • Amador Sandoval

    Buyer's Agent in 2023

    Amador Sandoval

    i2i Real Estate & Mortgage

    (619) 751-1600

    4 in this area

    20 Total Sales

    Amador Sandoval
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2304109

California Regional Multiple Listing Service (CRMLS)

APN: 504-192-46

California San Diego County Spring Valley 91977

2705 Bancroft Dr, Spring Valley, CA

Not Listed for Sale

Detached

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