NOT LISTED FOR SALE

Estimated Value: $1,142,552 - $1,420,000

4 Beds
3 Baths
2,012 Sq Ft
$635/Sq Ft Est. Value

Last Sold July 25, 2017

Last sale price $755,000 $375 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,584/month

7 Days on Market

About This Home

As of July 2017

Charming duplex located in a quiet neighborhood of Arcadia. One unit features 2 bedrooms and 1 bathroom and the other unit features 2 bedrooms and 2 bathrooms. Spacious front lawn offers curb appeal and plenty of potential. Carport with 2 parking spaces and driveway for additional parking. Rear property has private front lawn and back yard.

Last Agent to Sell the Property

Steve Chang

Re/Max Premier Prop Arcadia License #01469914 Listed on: 06/08/2017

Re/Max Premier Prop Arcadia

Last Buyer's Agent

Sharon Liu

Re/Max Premier Prop Arcadia License #01720175

Re/Max Premier Prop Arcadia

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 10,204 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • 2,012 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 7465
  • Assessor Parcel Number 8571010020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $920
  • Water Sewer Expense $713
  • New Taxes Expense $8,725
  • Operating Expense $10,358
  • Gross Income $37,200
  • Net Operating Income $33,631

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 713.00
  • Zoning: LCA105
  • Property Type: Residential Income
  • Parcel Number: 8571010020
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 375.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 10204.00

Multi Family

  • Gross Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 920.00
  • Net Operating Income: 33631.00
  • 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: 3569.00
  • Rent Control: No
  • Total Expenses: 10358.00

Tax Info

  • New Taxes Expense: 8725.00
  • Tax Census Tract: 4314.00
  • Tax Lot: 48
  • Tax Tract Number: 7465

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2017
Closed on
Jun 19, 2017
Sold by
Wesseler Martin G and Wesseller Joyce C
Bought by
Ling Alexander Cloudy Tao
Seller's Agent
Steve Chang
Re/Max Premier Prop Arcadia
Buyer's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
List Price
$698,000
Sold Price
$755,000
Premium/Discount to List
$57,000
8.17%
Current Estimated Value
$1,276,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,888
Avg. Annual Appreciation
6.42%
Original Mortgage
$528,500
Outstanding Balance
$450,881
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$826,007

Purchase Details

Closed on
Apr 23, 1998
Sold by
Wesseler Martin G and Wesseler Joyce C
Bought by
Wesseler Martin G and Wesseler Joyce C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ling Alexander Cloudy Tao $755,000 Fidelity National Title Co
Wesseler Martin G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ling Alexander Cloudy Tao $528,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2017 07/25/17 Sold $755,000 +8.2% $375 / Sq Ft
06/08/2017 06/08/17 For Sale $698,000 -- $347 / 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 $10,966 $859,057 $557,534 $301,523
2024 $10,966 $842,213 $546,602 $295,611
2023 $10,598 $825,700 $535,885 $289,815
2022 $10,266 $809,511 $525,378 $284,133
2021 $10,046 $793,639 $515,077 $278,562
2020 $10,012 $785,502 $509,796 $275,706
2019 $10,220 $770,100 $499,800 $270,300
2018 $10,027 $755,000 $490,000 $265,000
2016 $1,465 $70,776 $18,611 $52,165
2015 $1,449 $69,714 $18,332 $51,382
2014 $1,421 $68,349 $17,973 $50,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17123528

California Regional Multiple Listing Service (CRMLS)

APN: 8571-010-020