NOT LISTED FOR SALE

308 Descanso Ave Avalon, CA 90704

Avalon Area

Estimated Value: $939,000 - $1,103,469

3 Beds
3 Baths
1,095 Sq Ft
$919/Sq Ft Est. Value

Sale Details

Date Sold: April 7, 2023

Last sale price $850,000 $776 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,850 / mo

17 Days on Market

Highlights

  • Golf Course Community
  • City Lights View
  • Cottage
  • Fishing
  • No HOA
  • 5-minute walk to Avalon City Park

About This Home

As of April 2023

This 1919 duplex is located on one of the quietest streets in Avalon. Just about 1100 square feet with two units for maximum income potential.
The lower unit is light and bright with a galley kitchen, granite looking (Formica) bar top, stainless steel double sink, and a gas stove the hood exhaust. -2 bedroom unit with an office/bonus room & 1 3/4 baths downstairs-
The secondary unit is located upstairs with 1 bedroom & a small kitchen and bath.

Last Agent to Sell the Property

Kathleen Mead

Seven Gables Real Estate License #01118867 Listed on: 01/22/2023

Seven Gables Real Estate

Last Buyer's Agent

Kathleen Mead

Seven Gables Real Estate License #01118867 Listed on: 01/22/2023

Seven Gables Real Estate

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 1,112 Sq Ft Lot
  • No Common Walls
  • Value in Land

Parking

  • On-Street Parking

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Duplex
  • Cottage
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,095 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Located Outside

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Awning

Utilities

  • Space Heater
  • Natural Gas Connected
  • Private Water Source
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, water
  • Legal Lot and Block 2 / 18
  • Tax Tract Number 18
  • Assessor Parcel Number 7480036004
  • $0 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mountainous Community

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Fishing
  • Hunting
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,491
  • Water Sewer Expense $1,999
  • Operating Expense $10,000
  • Gross Income $34,740
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

1,112 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1999.00
  • Zoning: AVR3*
  • Architectural Style: Cottage
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7480036004
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 776.26
  • Room Type: Living Room

Exterior Features

  • Exterior Features: Awning(s)
  • View: City Lights, Hills, Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Space Heater
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1491.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Park, Hunting, Watersports, Mountainous, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 1112.00
  • Lot Size Acres: 0.0255

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Water

Multi Family

  • Average1 Bed Area: 300 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 34740.00
  • Gross Scheduled Income: 2895.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 1112.0000 Square Feet
  • Net Operating Income: 24000.00
  • 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: 10000.00
  • Rent Control: No
  • Total Actual Rent: 2895.00
  • Total Expenses: 10000.00

Tax Info

  • Tax Area: 5370
  • Tax Block: 18
  • Tax Census Tract: 5990.00
  • Tax Lot: 2
  • Tax Rate: 1.00
  • Tax Tract Number: 18
  • TaxOtherAnnualAssessmentAmount: 0.25

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2023
Closed on
Feb 21, 2023
Sold by
Tuytens Diane
Bought by
Seller's Agent
Kathleen Mead
Seven Gables Real Estate
Buyer's Agent
Kathleen Mead
Seven Gables Real Estate
List Price
$897,000
Sold Price
$850,000
Premium/Discount to List
-$47,000
-5.24%
Views
133
Current Estimated Value
$1,006,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,117
Avg. Annual Appreciation
5.07%
Original Mortgage
$637,500
Outstanding Balance
$611,837
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$394,280

Purchase Details

Listed on
Jan 22, 2023
Closed on
Feb 15, 2023
Sold by
Belsito Kersdn
Bought by
Belsito Orazio
Seller's Agent
Kathleen Mead
Seven Gables Real Estate
Buyer's Agent
Kathleen Mead
Seven Gables Real Estate
List Price
$897,000
Sold Price
$850,000
Premium/Discount to List
-$47,000
-5.24%
Views
133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Outstanding Balance
$611,837
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$394,280

Purchase Details

Closed on
Jan 9, 2023
Sold by
Belsito Family Trust
Bought by
Belsito Orazio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Outstanding Balance
$611,837
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$394,280

Purchase Details

Closed on
Feb 13, 2013
Sold by
Belsito Marina Gabriella and Belsito Amelia Margherita
Bought by
Belsito Amelia Margherita and Belsito Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2009
Sold by
Belsito Amelia Margherita and Belsito Family Trust
Bought by
Belsito Amelia Margherita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2009
Sold by
Belsito Marina Gabriella and Belsito Amelia Margherita
Bought by
Belsito Amelia Margherita and Belsito Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2009
Sold by
Belsito Amelia Margherita
Bought by
Belsito Marina Gabriella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 1996
Sold by
Belsito Amelia Margherita
Bought by
Belsito Marina Gabriella

Purchase Details

Closed on
Jan 24, 1996
Sold by
Belsito Orazio
Bought by
Belsito Amelia Margheita and The Belsito Family Trust

Purchase Details

Closed on
Oct 27, 1995
Sold by
Belsito Amelia Margherita and Belsito Family Trust
Bought by
Belsito Marina Gabriela

Purchase Details

Closed on
Nov 9, 1994
Sold by
Belsito Amelia Margherita and Belsito Family Trust
Bought by
Belsito Marina Gabriella
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Avalon, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title
Smith Lanette Kay -- First American Title
Belsito Orazio -- First American Title
Tuytens Terence James $850,000 First American Title
Belsito Orazio -- --
Belsito Amelia Margherita -- North American Title Company
Belsito Amelia Margherita -- North American Title Company
Belsito Amelia Margherita -- North American Title Company
Belsito Marina Gabriella -- Accommodation
Belsito Marina Gabriella -- --
Belsito Amelia Margheita -- Chicago Title
Belsito Marina Gabriela -- --
Belsito Marina Gabriella -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $637,500
Previous Owner Belsito Amelia Margherita $346,000
Previous Owner Belsito Amelia Margherita $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/07/2023 04/07/23 Sold $850,000 -5.2% $776 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
01/22/2023 01/22/23 For Sale $897,000 -- $819 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,908 $902,026 $535,910 $366,116
2025 $15,908 $884,340 $525,402 $358,938
2024 $15,211 $867,000 $515,100 $351,900
2023 $5,781 $117,549 $79,709 $37,840
2022 $5,492 $115,246 $78,147 $37,099
2021 $5,161 $112,987 $76,615 $36,372
2019 $4,676 $109,979 $74,344 $35,635
2018 $4,578 $107,830 $72,887 $34,943
2017 $10,453 $596,700 $265,200 $331,500
2016 $4,292 $103,317 $70,057 $33,260
2015 $3,766 $101,766 $69,005 $32,761
2014 $3,528 $99,774 $67,654 $32,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23007100

California Regional Multiple Listing Service (CRMLS)

APN: 7480-036-004

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