NOT LISTED FOR SALE

Estimated Value: $1,417,000 - $1,677,495

4 Beds
4 Baths
2,141 Sq Ft
$719/Sq Ft Est. Value

Last Sold October 08, 2019

Last sale price $1,040,000 $486 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $9,353/month

13 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Contemporary Architecture
  • No HOA
  • Fremont Elementary School Rated A
  • Wood Flooring
  • Crown Molding

About This Home

As of October 2019

Sunny ranch style 4Bd /4 BA duplex with separate entrances, Central Heat & Air, hardwood floors, recessed lights, & 2 single car garages with openers. Each 2BD/ 2BA unit has their own private entrance, Large Living Rooms w/ dramatic floor to ceiling Palos Verde Stone & Slate fireplaces & formal / Informal Dining Areas. Spacious Tiled Kitchens w/Refrigerators, dishwashers, microwaves, double ovens and cooktops, Master BD's have a large walk-in closet and 3/4 tiled BA's. 2nd BDs have a wall to wall closet and there is a full Hall bathroom with adjacent built-ins in the hallway. There is a shared separate laundry and yard adjacent to the garages. Front Unit w/secluded private patio was uipdated end of 2017: refinished hardwood floors, crown molding, kitchen had tiled floor installed,new front door and screen New mirror wardrobe in 2nd bedroom. New refrigerator in 2018, New dishwasher in 2019 & 1/2 driveway was replaced with New concrete. Rear Unit is perfect for an owners unit and comes complete with an a permitted 15 x 15 enclosed patio w/ access to rear yard. Great home /investment, and within walking distance to Belmont Shore & Beach. Top Rated Schools, Freemont, Rogers & Wilson

Last Agent to Sell the Property

Pam Weston

Realty One Group Diamond License #00944477 Listed on: 08/31/2019

Last Buyer's Agent

Frank Marshall

Franklin Marshall, Broker License #00682236

Franklin Marshall, Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,536

Year Built

  • Built in 1962

Lot Details

  • 6,504 Sq Ft Lot
  • 1 Common Wall
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Duplex
  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,141 Sq Ft Home
  • Crown Molding
  • Recessed Lighting
  • Custom Window Coverings
  • Living Room with Fireplace

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 9 / B
  • Assessor Parcel Number 7250005009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $11,998
  • Operating Expense $14,958
  • Gross Income $5,035
  • Net Operating Income $45,315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,536

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7250005009
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Crown Molding, Recessed Lighting, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 485.75
  • Room Type: All Bedrooms Down
  • Window Features: Custom Covering

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinkler System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 6504.00
  • Lot Size Acres: 0.1493

Rental Info

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

Multi Family

  • Gross Income: 5035.00
  • Gross Scheduled Income: 60420.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6504.0000 Square Feet
  • Net Operating Income: 45315.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 1
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 15105.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 5035.00
  • Total Expenses: 14958.00

Tax Info

  • New Taxes Expense: 11998.00
  • Tax Block: B
  • Tax Lot: 9
  • Tax Tract Number: 00
  • Tax Annual Amount: 10536.00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2019
Closed on
Nov 22, 2019
Sold by
Gra Family Limited Partnership
Bought by
August Beverly
Seller's Agent
Pam Weston
Realty One Group Diamond
Buyer's Agent
Frank Marshall
Franklin Marshall, Broker
List Price
$1,150,000
Sold Price
$1,040,000
Premium/Discount to List
-$110,000
-9.57%
Current Estimated Value
$1,539,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,624
Avg. Annual Appreciation
6.48%
Original Mortgage
$250,000
Outstanding Balance
$209,951
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,329,673

Purchase Details

Listed on
Aug 31, 2019
Closed on
Sep 23, 2019
Sold by
Dicorpo Joseph and The Joseph Dicorpo 2004 Trust
Bought by
Gra Family Limited Partnership
Seller's Agent
Pam Weston
Realty One Group Diamond
Buyer's Agent
Frank Marshall
Franklin Marshall, Broker
List Price
$1,150,000
Sold Price
$1,040,000
Premium/Discount to List
-$110,000
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$209,951
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,329,673

Purchase Details

Closed on
Oct 6, 2006
Sold by
Dicorpo Joseph
Bought by
Dicorpo Joseph and Joseph Dicorpo 2004 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2004
Sold by
Dicorpo Joseph N
Bought by
Dicorpo Joseph and Joseph Di Corpo 2004 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2002
Sold by
Boberg Jeffrey C
Bought by
Bingham Ray Earl and Bingham Caroline Woolfolk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
6.05%

Purchase Details

Closed on
Dec 7, 1998
Sold by
Almquist Steven C
Bought by
Boberg Jeffrey C and Frazer Hilary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
6.63%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
August Beverly -- Ticor Title Company
Gra Family Limited Partnership $1,140,000 Ticor Title
Dicorpo Joseph -- Accommodation
Dicorpo Joseph -- None Available
Dicorpo Joseph -- --
Dicorpo Joseph N $800,000 Alliance Title
Bingham Ray Earl $595,000 North American Title
Boberg Jeffrey C $390,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open August Beverly $250,000
Previous Owner Dicorpo Joseph $628,000
Previous Owner Dicorpo Joseph N $600,000
Previous Owner Bingham Ray Earl $445,000
Previous Owner Boberg Jeffrey C $307,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2019 10/08/19 Sold $1,040,000 -9.6% $486 / Sq Ft
08/31/2019 08/31/19 For Sale $1,150,000 0.0% $537 / Sq Ft
02/03/2015 02/03/15 Rented $2,400 +2.1% --
02/03/2015 02/03/15 For Rent $2,350 -2.1% --
02/01/2012 02/01/12 Rented $2,400 0.0% --
01/31/2012 01/31/12 Under Contract -- -- --
01/12/2012 01/12/12 For Rent $2,400 -- --
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 $15,716 $1,246,751 $874,915 $371,836
2024 $15,716 $1,222,306 $857,760 $364,546
2023 $15,456 $1,198,341 $840,942 $357,399
2022 $14,503 $1,174,845 $824,453 $350,392
2021 $14,225 $1,151,810 $808,288 $343,522
2020 $14,188 $1,140,000 $800,000 $340,000
2019 $12,595 $999,643 $562,300 $437,343
2018 $12,207 $980,043 $551,275 $428,768
2016 $11,228 $941,988 $529,869 $412,119
2015 $10,771 $927,839 $521,910 $405,929
2014 $10,690 $909,665 $511,687 $397,978
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19208622

California Regional Multiple Listing Service (CRMLS)

APN: 7250-005-009