NOT LISTED FOR SALE

Estimated Value: $729,000 - $928,000

4 Beds
2 Baths
1,344 Sq Ft
$649/Sq Ft Est. Value

Last Sold December 07, 2016

Last sale price $505,000 $376 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,324/month

109 Days on Market

Highlights

  • Spanish Architecture
  • Tile Flooring
  • Detached Carport Space

About This Home

As of December 2016

Excellent opportunity to own this nice two separate houses in the same lot motivated seller,property in a good area,front unit will be delivered vacant at close of escrow,bot units have two beds and one bath ,units in good condition,title flooring,new plumbing (copper),New electricity on both units,new security garage door.Drive by only. The rent for the front unit is $1150 and back unit $ 1133.

Last Agent to Sell the Property

Jesus Salvador

R & R Realty License #01817262 Listed on: 07/06/2016

Last Buyer's Agent

Roger Jarnigan

Equity Union License #00920665

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,090

Year Built

  • Built in 1920

Lot Details

  • 5,801 Sq Ft Lot

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,344 Sq Ft Home
  • Tile Flooring
  • Laundry in Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Carport Space

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5051-037-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,090

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1344
  • Probate: No
  • Year Built: 1920
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Tile
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 390.63

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport Detached, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 37892
  • Assessed Land Value: 207440
  • Assessor Parcel Number: 5051-037-034
  • Geocode Override: No
  • Lot Size Area: 5801

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.52
  • Number Of Units: 2
  • Rent Control: 100%
  • Total Annual Expense: 3111.11
  • Type Of Units: Income
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Bowen Gary S and Olmstead Bowen Susan
Bought by
Bowen Gary S and Olmstead Bowen Susan
Current Estimated Value
$864,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Outstanding Balance
$467,602
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$404,333

Purchase Details

Listed on
Jul 6, 2016
Closed on
Nov 28, 2016
Sold by
Ceniceros Cruz and Mercado Martha
Bought by
Bowen Geoffrey and Bowen Gary S
Seller's Agent
Jesus Salvador
R & R Realty
Buyer's Agent
Roger Jarnigan
Equity Union
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$404,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2004
Sold by
Ceniceros Cruz and Mercado Martha
Bought by
Ceniceros Cruz and Mercado Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2004
Sold by
Ceniceros Cruz and Mercado Martha
Bought by
Ceniceros Cruz and Mercado Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 1998
Sold by
Vann Anthony
Bought by
Ceniceros Cruz and Mercado Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Interest Rate
7.17%
Mortgage Type
FHA
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
Bowen Gary S -- Stewart Title Of Ca Inc
Bowen Geoffrey $505,000 Lawyers Title
Ceniceros Cruz -- --
Ceniceros Cruz -- --
Ceniceros Cruz $135,000 Landsafe Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowen Gary S $507,500
Closed Bowen Geoffrey $404,000
Previous Owner Ceniceros Cruz $180,000
Previous Owner Ceniceros Cruz $200,000
Previous Owner Ceniceros Cruz $115,000
Previous Owner Ceniceros Cruz $115,000
Previous Owner Ceniceros Cruz $133,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2016 12/07/16 Sold $505,000 -3.8% $376 / Sq Ft
10/23/2016 10/23/16 Pending -- -- --
10/20/2016 10/20/16 For Sale $525,000 0.0% $391 / Sq Ft
10/03/2016 10/03/16 Pending -- -- --
08/18/2016 08/18/16 Price Changed $525,000 -1.9% $391 / Sq Ft
07/06/2016 07/06/16 For Sale $535,000 -- $398 / Sq Ft
Source: The MLS

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 $7,090 $586,090 $348,173 $237,917
2024 $7,090 $574,599 $341,347 $233,252
2023 $6,957 $563,333 $334,654 $228,679
2022 $6,639 $552,289 $328,093 $224,196
2021 $6,552 $541,460 $321,660 $219,800
2020 $6,616 $535,909 $318,362 $217,547
2019 $6,357 $525,402 $312,120 $213,282
2018 $6,283 $515,100 $306,000 $209,100
2016 $3,155 $249,072 $210,603 $38,469
2015 $3,111 $245,332 $207,440 $37,892
2014 $3,136 $240,527 $203,377 $37,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-141196

The MLS

APN: 5051-037-034