2831 Crane St Lemon Grove, CA 91945
Estimated Value: $876,000 - $989,000
4
Beds
2
Baths
--
Sq Ft
0.34
Acres
About This Home
As of June 2023Welcome to this beautifully remodeled duplex in the charming Lemon Grove community. This property includes two spacious 2 bedroom and 1 bathroom units, each with its own parking space and expansive backyard. Over 200k spent on upgrades to this home. This stunning duplex has been completely remodeled from top to bottom, featuring brand new paint, flooring, appliances, AC/heating, and a brand new sewer line. With the city's approval, the garage has been approved by the city to build a separate unit/ ADU, offering additional space and rental income potential. The property is currently occupied by excellent tenants, making this an ideal opportunity for investors seeking a turn-key income-generating property. Don't miss this incredible opportunity to own a beautifully renovated duplex with great rental potential in a sought-after Lemon Grove community.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,677
Year Built
- Built in 1961
Lot Details
- 0.34 Acre Lot
- Property is Fully Fenced
Home Design
- Stucco Exterior
Interior Spaces
- 1-Story Property
Listing and Financial Details
- Tenant pays for water, cable TV, electricity, gas/propane
- Assessor Parcel Number 503-243-31-00
Community Details
Overview
- 2 Units
- Crane St Community
Building Details
- Net Operating Income $4,320
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2023
Closed on
Jun 20, 2023
Sold by
My Way Re Solutions Inc
Bought by
Garcia Nancy
Seller's Agent
Joe Corbisiero
Compass
Buyer's Agent
Hazael Garay
eXp Realty of California, Inc.
List Price
$929,000
Sold Price
$899,000
Premium/Discount to List
-$30,000
-3.23%
Views
120
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,525
Avg. Annual Appreciation
2.31%
Original Mortgage
$719,200
Outstanding Balance
$704,484
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$235,943
Purchase Details
Closed on
Jul 7, 2022
Sold by
Gomez Francisco J and Gomez Christina
Bought by
My Way Re Solutions Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$763,400
Interest Rate
5.09%
Mortgage Type
Construction
Purchase Details
Listed on
Jul 29, 2013
Closed on
Oct 14, 2013
Sold by
Brouard Barbara
Bought by
Gomez Francisco J and Gomez Christina
Seller's Agent
Catherine Zolezzi
Keller Williams Realty
Buyer's Agent
Manuel Lopez
Casa Bonita Realty
List Price
$355,000
Sold Price
$355,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$266,250
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 8, 1999
Sold by
Vidali Joseph J
Bought by
State Of California
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garcia Nancy | $899,000 | First American Title | |
| My Way Re Solutions Inc | $640,000 | First American Title | |
| Gomez Francisco J | $355,000 | Lawyers Title | |
| State Of California | -- | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Garcia Nancy | $719,200 | |
| Previous Owner | My Way Re Solutions Inc | $763,400 | |
| Previous Owner | Gomez Francisco J | $266,250 | |
| Previous Owner | Brouard Barbara | $248,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2023 06/30/23 | Sold | $899,000 | 0.0% | -- |
| 06/12/2023 06/12/23 | Pending | -- | -- | -- |
| 05/19/2023 05/19/23 | Price Changed | $899,000 | -3.2% | -- |
| 05/10/2023 05/10/23 | For Sale | $929,000 | +161.7% | -- |
| 11/14/2013 11/14/13 | Sold | $355,000 | 0.0% | $194 / Sq Ft |
| 10/08/2013 10/08/13 | Pending | -- | -- | -- |
| 07/29/2013 07/29/13 | For Sale | $355,000 | -- | $194 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
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 | $11,677 | $916,979 | $385,934 | $531,045 |
| 2023 | $7,732 | $594,000 | $250,000 | $344,000 |
| 2022 | $5,615 | $410,072 | $173,104 | $236,968 |
| 2021 | $5,540 | $402,032 | $169,710 | $232,322 |
| 2020 | $5,478 | $397,910 | $167,970 | $229,940 |
| 2019 | $5,393 | $390,109 | $164,677 | $225,432 |
| 2018 | $5,273 | $382,461 | $161,449 | $221,012 |
| 2017 | $5,196 | $374,963 | $158,284 | $216,679 |
| 2016 | $5,015 | $367,612 | $155,181 | $212,431 |
| 2015 | $4,985 | $362,092 | $152,851 | $209,241 |
| 2014 | $4,790 | $355,000 | $149,857 | $205,143 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Corbisiero
Seller's Agent in 2023
Joe Corbisiero
Compass
(760) 201-9252
2 in this area
91 Total Sales
-
Hazael Garay
Buyer's Agent in 2023
Hazael Garay
eXp Realty of California, Inc.
(619) 629-6629
1 in this area
23 Total Sales
-
Catherine Zolezzi
Seller's Agent in 2013
Catherine Zolezzi
Keller Williams Realty
(619) 672-0203
20 Total Sales
-
Manuel Lopez
Buyer's Agent in 2013
Manuel Lopez
Casa Bonita Realty
(619) 600-4443
18 Total Sales
Map
Source: San Diego MLS
MLS Number: 230008644
APN: 503-243-31
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