NOT LISTED FOR SALE

2964 Crane St Lemon Grove, CA 91945

Estimated Value: $815,000 - $927,000

4 Beds
2 Baths
1,930 Sq Ft
$461/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $720,000 $373 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,551/month

55 Days on Market

Highlights

  • 0.37 Acre Lot
  • Laundry Room
  • 1-Story Property
  • No HOA
  • No Heating

About This Home

As of December 2023

Investment Opportunity! Duplex w/2 Units - 2BR/1BA/965sf each + individual laundry rooms, ready for your pre-approved buyer. Situated on a .37 acre lot, with plenty of parking & fenced backyards. Unit A has been renovated. Quick access to HWY 94 & 125.

Last Agent to Sell the Property

Patti Gerke

Compass License #01386269 Listed on: 08/18/2023

Compass

Last Buyer's Agent

Nicole Casillas

Coldwell Banker West License #02089303

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,973

Year Built

  • Built in 1977

Lot Details

  • 0.37 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,930 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 15004
  • Tax Tract Number 140
  • Assessor Parcel Number 5032415300

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,691
  • Trash Expense $1,289
  • New Taxes Expense $8,542
  • Operating Expense $20,835
  • Gross Income $50,737
  • Net Operating Income $40,134

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,973

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.90
  • Property Attached: Yes
  • View: No
  • Zoning: Duplex 2 Units
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5032415300
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 373.06

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 1289.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15909.00
  • Lot Size Acres: 0.3652

Multi Family

  • Gross Income: 50737.00
  • Gross Scheduled Income: 50737.00
  • Insurance Expense: 1691.00
  • Lot Size Area: 15909.0000 Square Feet
  • Net Operating Income: 40134.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10602.00
  • Rent Control: No
  • Total Expenses: 20835.00

Tax Info

  • New Taxes Expense: 8542.00
  • Tax Lot: 15004
  • Tax Tract Number: 140.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Oct 20, 2023
Sold by
Moorman Community Property Trust and Matthews Jan
Bought by
Gonzalez Luis Roberto
Seller's Agent
Patti Gerke
Compass
Buyer's Agent
Nicole Casillas
Coldwell Banker West
List Price
$799,900
Sold Price
$720,000
Premium/Discount to List
-$79,900
-9.99%
Views
338
Current Estimated Value
$890,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,139
Avg. Annual Appreciation
12.43%
Original Mortgage
$706,959
Interest Rate
7.79%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 2021
Sold by
Matthews Jan and Moorman Community Property Tru
Bought by
Matthews Jan and Moorman Community Property Tru

Purchase Details

Closed on
Sep 1, 1993
Sold by
Moorman Mildred O
Bought by
Moorman Mildred O
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
Gonzalez Luis Roberto $720,000 First American Title
Matthews Jan -- None Available
Moorman Mildred O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gonzalez Luis Roberto $706,959
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $720,000 -10.0% $373 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $799,900 -- $414 / 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 $9,973 $734,399 $225,928 $508,471
2024 $9,973 $720,000 $221,499 $498,501
2023 $3,057 $144,293 $44,390 $99,903
2022 $8,542 $597,727 $412,226 $185,501
2021 $3,021 $138,692 $42,667 $96,025
2020 $2,969 $137,271 $42,230 $95,041
2019 $2,910 $134,580 $41,402 $93,178
2018 $2,840 $131,942 $40,591 $91,351
2017 $150 $129,356 $39,796 $89,560
2016 $2,669 $126,820 $39,016 $87,804
2015 $2,658 $124,916 $38,430 $86,486
2014 $2,576 $122,470 $37,678 $84,792
Source: Public Records

Agents Affiliated with this Home

  • Patti Gerke

    Seller's Agent in 2023

    Patti Gerke

    Compass

    (760) 944-7928

    2 in this area

    74 Total Sales

    Patti Gerke
    Section Image

  • N

    Buyer's Agent in 2023

    Nicole Casillas

    Coldwell Banker West

    (619) 934-8802

    1 in this area

    9 Total Sales

    Nicole Casillas
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2306475

California Regional Multiple Listing Service (CRMLS)

APN: 503-241-53

California San Diego County Lemon Grove 91945

2964 Crane St, Lemon Grove, CA

This home is located at 2964 Crane St, Lemon Grove, CA 91945 since 18 August 2023 and is currently estimated at $890,139, approximately $461 per square foot. This property was built in 1977. 2964 Crane St is a home located in San Diego County with nearby schools including Mount Miguel High School, Saint John Of The Cross Catholic School, and Lighthouse Christian Academy.

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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