NOT LISTED FOR SALE

2744 Illinois Ave South Gate, CA 90280

Estimated Value: $720,788 - $926,000

4 Beds
2 Baths
1,716 Sq Ft
$463/Sq Ft Est. Value

Last Sold November 05, 2012

Last sale price $325,000 $189 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $4,650/month

93 Days on Market

Highlights

  • No Heating
  • Legacy High School Complex Rated A-
  • 1-minute walk to Stanford Avenue Park

About This Home

As of November 2012

3/1 & 2/2 completley renovated live in one & rent the other dont miss this oppportunity will sell fast. Open house will on 10/6 11-3 saturday. Will not last.

Last Agent to Sell the Property

Michelle Stonecypher

Capital Property Brokers License #01719276 Listed on: 07/07/2012

Last Buyer's Agent

RICHARD CHAO

RICHARD CHAO REALTY License #01046599

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,375

Year Built

  • Built in 1927

Lot Details

  • 5,408

Parking

  • 2 Parking Spaces

Home Design

  • 1,716 Sq Ft Home
  • Stucco

Additional Features

  • 5,408 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 290
  • Tax Tract Number 4753
  • Assessor Parcel Number 6205005027

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $950
  • Gross Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,375

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 6205005027
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 189.39

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5408.00
  • Lot Size Acres: 0.1240

Multi Family

  • Gross Income: 2600.00
  • Gross Multiplier: 125.00
  • Gross Scheduled Income: 2600.00
  • Insurance Expense: 950.00
  • Lot Size Area: 5408.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2

Tax Info

  • Tax Area: 664
  • Tax Lot: 290
  • Tax Tract Number: 4753

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2013
Sold by
Chao Richard and Chao Sophia K
Bought by
Chao Richard and Chao Sophia K
Current Estimated Value
$794,947

Purchase Details

Listed on
Jul 7, 2012
Closed on
Oct 12, 2012
Sold by
Foreclosure Prevention Llc
Bought by
Chao Sophia K and Chao Richard
Seller's Agent
Michelle Stonecypher
Capital Property Brokers
Buyer's Agent
RICHARD CHAO
RICHARD CHAO REALTY
List Price
$320,000
Sold Price
$325,000
Premium/Discount to List
$5,000
1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jun 4, 2012
Sold by
Hsbc Bank Usa National Association
Bought by
Foreclosure Prevention Llc
Seller's Agent
David Judd
Ojo Home California Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$200,000
Sold Price
$206,989
Premium/Discount to List
$6,989
3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
250.16%

Purchase Details

Closed on
Apr 13, 2011
Sold by
Torres Olga
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jan 12, 2009
Sold by
Torres Olga
Bought by
Zurita Sara and Zurita Jose

Purchase Details

Closed on
Aug 24, 2005
Sold by
Gonzalez Jorge
Bought by
Torres Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
5.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 5, 2005
Sold by
Vanegas Vilma and The Vilma Vanegas Living Trust
Bought by
Torres Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
5.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 18, 2003
Sold by
Vanegas Vilma
Bought by
The Vilma Vanegas Living Trust

Purchase Details

Closed on
May 20, 2003
Sold by
Vanegas Rolando
Bought by
Vanegas Vilma
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
Chao Richard -- None Available
Chao Sophia K $325,000 Lawyers Title Company
Foreclosure Prevention Llc $207,000 Premium Title Of Ca Inc
Hsbc Bank Usa National Association $295,000 Accommodation
Zurita Sara -- None Available
Torres Olga -- United Title Company Inland
Torres Olga $580,000 United Title Company Inland
The Vilma Vanegas Living Trust -- --
Vanegas Vilma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Olga $87,000
Previous Owner Torres Olga $464,000
Closed Chao Sophia K $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2012 11/05/12 Sold $325,000 +1.6% $189 / Sq Ft
10/08/2012 10/08/12 Pending -- -- --
07/07/2012 07/07/12 For Sale $320,000 +54.6% $186 / Sq Ft
06/27/2012 06/27/12 Sold $206,989 +3.5% $121 / Sq Ft View Prior Sale
05/07/2012 05/07/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $200,000 -- $117 / 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 $5,375 $400,200 $240,121 $160,079
2024 $5,375 $392,354 $235,413 $156,941
2023 $5,284 $384,662 $230,798 $153,864
2022 $5,037 $377,121 $226,273 $150,848
2021 $4,975 $369,728 $221,837 $147,891
2020 $5,011 $365,938 $219,563 $146,375
2019 $4,820 $358,763 $215,258 $143,505
2018 $4,693 $351,730 $211,038 $140,692
2016 $4,478 $338,074 $202,844 $135,230
2015 $4,407 $332,997 $199,798 $133,199
2014 $4,411 $326,475 $195,885 $130,590
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Judd

    Ojo Home California Inc.

    Section Image

  • M

    Seller's Agent in 2012

    Michelle Stonecypher

    Capital Property Brokers

    Section Image

  • N

    Buyer's Agent in 2012

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,958 Total Sales

    NoEmail NoEmail
    Section Image

  • R

    Buyer's Agent in 2012

    RICHARD CHAO

    RICHARD CHAO REALTY

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1203555

California Regional Multiple Listing Service (CRMLS)

APN: 6205-005-027

California Los Angeles County South Gate 90280

2744 Illinois Ave, South Gate, CA

This home is located at 2744 Illinois Ave, South Gate, CA 90280 since 07 July 2012 and is currently estimated at $794,947, approximately $463 per square foot. This property was built in 1927. 2744 Illinois Ave is a home located in Los Angeles County with nearby schools including Stanford Avenue Elementary School, Southeast Middle School, and South Gate Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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