P
Seller's Agent in 2020
PAT O'BRIEN
DEVELOPER SALES ASSOCIATES
287 W County Line Rd Calimesa, CA 92320
Estimated Value: $451,609
2
Beds
2
Baths
1,200
Sq Ft
$376/Sq Ft
Est. Value
About This Home
As of December 2020"Discounted Income Units" now zoned "Commercial" !!! A previous owner paid $400,000... This Widow must sell ASAP. One unit is a 2 bedroom 1 bath with a long time tenant benefiting for low rents. A new tenant has offered to pay $1500 monthly for a lease. But the owner just wants to sell now. The other unit is a "free standing office" with a bathroom. It is currently leased to a successful business... This parcel is over a flat 1/4 acre with commercial zoning. The owner has positive cash flow but now has overseas missions for her church and just wants to sell. She is a "motivated seller" and will give a PRICE DISCOUNT for an "all cash sale" and a short escrow... MAKE OFFER !!! We have had several low offers and are currently working with a buyer prospect who is trying to get his loan approved first. As of today the units are still available... These units are directly in the path of growth in this booming area and just 1 mile to the 10 Freeway offramp. There is a newer shopping center at the corner (see pictures). Just down the street is a huge senior apartment complex that was just completed. That had a waiting list for occupancy before completion (see last picture). You can buy now with the the existing rental income while you developer the commercial and retail potential of the property !!!
Last Agent to Sell the Property
PAT O'BRIEN
DEVELOPER SALES ASSOCIATES License #00484418 Listed on: 06/05/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 0.26 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 1,200 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- Fireplace in Primary Bedroom
- 2 Bathrooms
- Fireplace in Bathroom
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Additional Features
- Fireplace in Kitchen
- Laundry Room
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 192 / 192
- Tax Tract Number 22344
- Assessor Parcel Number 410040002
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $100
- New Taxes Expense $3,000
- Operating Expense $3,100
- Gross Income $18,500
- Net Operating Income $15,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2020
Closed on
Oct 30, 2020
Sold by
Kaur Tarvinder
Bought by
Singh Santosh
Seller's Agent
PAT O'BRIEN
DEVELOPER SALES ASSOCIATES
Buyer's Agent
Umar Chatha
REALTY MASTERS & ASSOCIATES
List Price
$368,000
Sold Price
$335,000
Premium/Discount to List
-$33,000
-8.97%
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
$116,609
Avg. Annual Appreciation
6.00%
Original Mortgage
$328,932
Outstanding Balance
$292,703
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$158,906
Purchase Details
Closed on
Sep 3, 2020
Sold by
School Elidie B
Bought by
Singh Sunny and Singh Santosh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,932
Outstanding Balance
$292,703
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$158,906
Purchase Details
Listed on
Jan 31, 2017
Closed on
Oct 8, 2018
Sold by
Clement Michael and Clement Laura
Bought by
Scholl Elidie B
Seller's Agent
Laura Clement
OAK TREE REALTY
Buyer's Agent
PAT O'BRIEN
DEVELOPER SALES ASSOCIATES
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$240,000
Interest Rate
4.7%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 5, 2006
Sold by
Granlund Brett
Bought by
Clement Michael and Clement Laura
Purchase Details
Closed on
Dec 16, 2005
Sold by
Granlund Lonni
Bought by
Granlund Brett
Purchase Details
Closed on
Jun 7, 2002
Sold by
Grandlund Brett J
Bought by
Granlund Lonni D
Purchase Details
Closed on
Dec 11, 1998
Sold by
Jones Paul E
Bought by
Granlund Brett J and Granlund Lonni D
Purchase Details
Closed on
Mar 11, 1994
Sold by
Gwaltney Carl
Bought by
Jones Paul E
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 |
|---|---|---|---|
| Singh Santosh | -- | First American Title Company | |
| Singh Sunny | -- | First American Title Company | |
| Singh Sunny | $335,000 | First American Title Company | |
| Scholl Elidie B | $300,000 | Lawyers Title Ie | |
| Clement Michael | $340,000 | Orange Coast Title Co | |
| Granlund Brett | $400,000 | -- | |
| Granlund Lonni D | -- | Chicago Title Co | |
| Granlund Brett J | -- | Chicago Title Co | |
| Jones Paul E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Singh Santosh | $328,932 | |
| Previous Owner | Singh Sunny | $328,932 | |
| Previous Owner | Scholl Elidie B | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/01/2020 12/01/20 | Sold | $335,000 | -9.0% | $279 / Sq Ft | |
| 08/29/2020 08/29/20 | Pending | -- | -- | -- | |
| 06/05/2020 06/05/20 | For Sale | $368,000 | +22.7% | $307 / Sq Ft | |
| 11/25/2018 11/25/18 | Sold | $300,000 | -14.3% | $250 / Sq Ft | View Prior Sale |
| 09/25/2018 09/25/18 | Pending | -- | -- | -- | |
| 11/04/2017 11/04/17 | Price Changed | $350,000 | +14.8% | $292 / Sq Ft | |
| 09/14/2017 09/14/17 | Price Changed | $305,000 | -6.2% | $254 / Sq Ft | |
| 01/31/2017 01/31/17 | For Sale | $325,000 | -- | $271 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $4,355 | $362,613 | $167,776 | $194,837 |
| 2023 | $4,355 | $348,534 | $161,262 | $187,272 |
| 2022 | $4,216 | $341,700 | $158,100 | $183,600 |
| 2021 | $4,162 | $335,000 | $155,000 | $180,000 |
| 2020 | $3,841 | $306,000 | $149,940 | $156,060 |
| 2019 | $3,678 | $300,000 | $147,000 | $153,000 |
| 2018 | $3,570 | $288,000 | $70,000 | $218,000 |
| 2017 | $3,219 | $260,000 | $65,000 | $195,000 |
| 2016 | $2,016 | $163,171 | $38,588 | $124,583 |
| 2015 | $1,929 | $155,400 | $36,750 | $118,650 |
| 2014 | $1,837 | $148,000 | $35,000 | $113,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Umar Chatha
Buyer's Agent in 2020
Umar Chatha
REALTY MASTERS & ASSOCIATES
(951) 500-9363
3 Total Sales
-
Laura Clement
L
Seller's Agent in 2018
Laura Clement
OAK TREE REALTY
(909) 795-8400
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV20108015
APN: 410-040-002
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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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