NOT LISTED FOR SALE

2803-5 Central Ave Spring Valley, CA 91977

Estimated Value: $883,821 - $959,000

4 Beds
2 Baths
1,500 Sq Ft
$606/Sq Ft Est. Value

Last Sold August 27, 2020

Last sale price $380,000 $253 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $5,695/month

1 Day on Market

Highlights

  • Cooling Available
  • Level Lot
  • 1-Story Property
  • Views
  • Heating Available
  • 3-minute walk to Goodland Acres Park

About This Home

As of August 2020

Fixer duplex with potential to earn great income on both units located in Spring Valley

Last Agent to Sell the Property

Marty Banks

Coldwell Banker West License #01933744 Listed on: 08/08/2020

Coldwell Banker West

Last Buyer's Agent

Grace M. Louie

April Realty License #01520753

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,097

Year Built

  • Built in 1970

Lot Details

  • Level Lot
  • No Sprinklers

Home Design

  • Composition Roof

Interior Spaces

  • 4 Bedrooms
  • 1-Story Property
  • Property Views

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for grounds care
  • Assessor Parcel Number 5032905000

Community Details

Overview

  • 2 Units
  • none known

Building Details

  • Operating Expense $2,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,097

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Park Name: none known
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Spring Valley
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 5032905000
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Heating: Yes
  • Appliances: Electric Water Heater, Gas Water Heater
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level, Sprinklers None

Rental Info

  • Tenant Pays: Grounds Care

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Total Expenses: 2200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2022
Sold by
New Morning Inc
Bought by
Lopez Rocio and Abitia Jesus Raul
Current Estimated Value
$909,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,057
Outstanding Balance
$769,621
Interest Rate
5.1%
Mortgage Type
FHA
Estimated Equity
$139,986

Purchase Details

Listed on
Aug 8, 2020
Closed on
Aug 17, 2020
Sold by
Peluso Briggs Carol Ann and Carol Ann Peluso Briggs Trust
Bought by
New Morning Inc
Seller's Agent
Marty Banks
Coldwell Banker West
Buyer's Agent
Marty Banks
Coldwell Banker West
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.39%
Original Mortgage
$312,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2014
Sold by
Briggs Patrick Joseph and Peluso Briggs Carol Ann
Bought by
Peluso Briggs Carol Ann
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
Lopez Rocio $825,000 Chicago Title
New Morning Inc $380,000 Chicago Title Company Sd
Peluso Briggs Carol Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Rocio $810,057
Previous Owner New Morning Inc $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2020 08/27/20 Sold $380,000 -4.8% $253 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
08/08/2020 08/08/20 For Sale $399,000 -- $266 / 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 $11,097 $875,493 $575,983 $299,510
2024 $11,097 $858,328 $564,690 $293,638
2023 $10,759 $841,499 $553,618 $287,881
2022 $5,469 $387,600 $255,000 $132,600
2021 $5,423 $380,000 $250,000 $130,000
2020 $2,504 $141,821 $58,999 $82,822
2019 $2,466 $139,042 $57,843 $81,199
2018 $2,352 $136,316 $56,709 $79,607
2017 $2,258 $133,645 $55,598 $78,047
2016 $2,157 $131,025 $54,508 $76,517
2015 $2,132 $129,058 $53,690 $75,368
2014 $2,103 $126,531 $52,639 $73,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200038112

California Regional Multiple Listing Service (CRMLS)

APN: 503-290-50