NOT LISTED FOR SALE

2724 Fulop St Lake Isabella, CA 93240

Estimated Value: $354,000 - $592,000

8 Beds
4 Baths
2,732 Sq Ft
$177/Sq Ft Est. Value

Last Sold June 30, 2019

Last sale price $315,300 $115 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,087/month

187 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • No HOA
  • Back and Front Yard

About This Home

As of June 2019

Four unit complex built in 1985. Large lot of 14,830 sq. ft. Each unit is approximately 843 sq. ft. with large 2 bedrooms each, large closets, generous size living room, kitchen and bath, inside laundry for each unit and a separate garage. Great investment for first time buyer. Live in one and rent out the other 3. Four individual garages, only 1 common wall connecting by the garage. Erskin Water District
For owner occupant try low down FHA financing or conventional low down loans. The numbers tell the story. Call the Agent for the analysis to suit your circumstances.Desert landscape for easy maintenance. This is a Trust Sale. No Court approval is necessary. Trust has several buildings of 2, 3, and 4 units for sale. Call listing agent for details. All buildings are being sold in their current AS IS, WHERE IS CONDITION."

Last Agent to Sell the Property

Silvana Raiola

Landmark Realtors License #00411102 Listed on: 11/03/2018

Last Buyer's Agent

Silvana Raiola

Landmark Realtors License #00411102 Listed on: 11/03/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,511

Year Built

  • Built in 1983

Lot Details

  • 8,047 Sq Ft Lot
  • Two or More Common Walls
  • Rural Setting
  • Desert faces the front and back of the property
  • Corner Lot
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,732 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Utilities

  • Conventional Septic

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 1631
  • Assessor Parcel Number 2631621200

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Valley

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4
  • Fuel Expense $4
  • Insurance Expense $1,217
  • Water Sewer Expense $621
  • New Taxes Expense $3,710
  • Operating Expense $5,548
  • Gross Income $32,280
  • Net Operating Income $26,732

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,511

Year Built

Built in 1983

Lot Details

0

Parking

4

Listing Details

  • CapRate: 8.23
  • Property Attached: Yes
  • Water Sewer Expenses: 621.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2631621200
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 115.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Washer Hookup
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Desert Back, Desert Front, Front Yard
  • Lot Size Sq Ft: 8047.00
  • Lot Size Acres: 0.1847

Multi Family

  • Average2 Bed Area: 910 Square Feet
  • Electric Expense: 4.00
  • Fuel Expense: 4.00
  • Gross Income: 32280.00
  • Gross Multiplier: 10.07
  • Gross Scheduled Income: 32280.00
  • Insurance Expense: 1217.00
  • Lot Size Area: 8047.0000 Square Feet
  • Net Operating Income: 26732.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 5548.00
  • Rent Control: No
  • Total Actual Rent: 32280.00
  • Total Expenses: 5548.00

Tax Info

  • New Taxes Expense: 3710.00
  • Tax Lot: 31
  • Tax Tract Number: 1631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2018
Closed on
May 14, 2019
Sold by
Scott Angela M and Scott Family Living Trust
Bought by
Beller Paul E and Peters Caroline N
Seller's Agent
Silvana Raiola
Landmark Realtors
Buyer's Agent
Silvana Raiola
Landmark Realtors
List Price
$324,900
Sold Price
$315,300
Premium/Discount to List
-$9,600
-2.95%
Total Days on Market
187
Current Estimated Value
$483,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,736
Avg. Annual Appreciation
7.94%
Original Mortgage
$288,735
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 12, 2004
Sold by
Scott Harold L and Scott Kathleen
Bought by
Scott Harold L and Scott Kathleen

Purchase Details

Closed on
Oct 13, 2003
Sold by
Wimmer Edward Elsworth and Wimmer Novella Louise
Bought by
Scott Harold L and Scott Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,200
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2002
Sold by
Wimmer Edward E and Wimmer Novella L
Bought by
Wimmer Edward Elsworth and Wimmer Novella Louise
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 Buyer Sale Price Title Company
Beller Paul E $315,500 First American Ttl Santa Ana
Scott Harold L -- --
Scott Harold L $191,500 Fidelity Title
Wimmer Edward Elsworth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beller Paul E $96,500
Open Beller Paul E $269,754
Closed Beller Paul E $288,735
Previous Owner Scott Harold L $217,000
Previous Owner Scott Harold L $153,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2019 06/30/19 Sold $315,300 0.0% $115 / Sq Ft
06/28/2019 06/28/19 Sold $315,300 -3.0% $115 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
02/24/2019 02/24/19 For Sale $324,900 0.0% $119 / Sq Ft
11/03/2018 11/03/18 For Sale $324,900 -- $119 / 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
2024 $4,511 $344,494 $38,275 $306,219
2023 $4,511 $337,740 $37,525 $300,215
2022 $4,375 $331,119 $36,790 $294,329
2021 $4,137 $324,627 $36,069 $288,558
2020 $4,001 $321,300 $35,700 $285,600
2019 $3,663 $296,514 $52,020 $244,494
2018 $3,064 $239,276 $24,983 $214,293
2017 $3,035 $234,586 $24,494 $210,092
2016 $2,858 $229,987 $24,014 $205,973
2015 $2,564 $202,000 $30,000 $172,000
2014 $2,401 $187,000 $19,000 $168,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18234337

California Regional Multiple Listing Service (CRMLS)

APN: 263-112-01-00-6