NOT LISTED FOR SALE

311 S Orange Ave Brea, CA 92821

Estimated Value: $968,000 - $1,102,000

3 Beds
2 Baths
1,746 Sq Ft
$584/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $820,000 $470 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,382/month

14 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • Two Homes on a Lot
  • Laurel Elementary Magnet School of Innovation & Career Exploration Rated A-
  • Neighborhood Views
  • 3-minute walk to Lagos De Moreno Park

About This Home

As of September 2021

Incredible “Once in a lifetime opportunity” to get the type of property EVERYONE is looking for… TWO ON A LOT! These TWO SINGLE FAMILY RESIDENCES on ONE lot, not only bring incredible income potential for years to come but also are in nice rental condition, being freshly painted inside and outside and have been recently upgraded. Starts with twin Palm trees greeting your walkway then into flower lined planters and a lush front lawn, more palm trees accenting the front, all highlighting the gorgeous curb appeal of this lovely Spanish architecture home. Beautiful sitting front porch and dual French doors near the entry with a majestic picture window then into the spacious living room with vintage hardwood floors, arched doorway accents all around, wall AC unit, all anchored by a beautiful brick fireplace. Don’t forget the extra-large formal dining room with French doors to the front sitting porch. The extra spacious kitchen has a brand-new GE four burner range, large pantry and an abundance of counter and cabinet space, even has a quaint breakfast nook that could be used as a third bedroom. Large interior laundry room with utility cabinets. Bathroom is very spacious with a shower over tub combination with tiled shower walls and newer fixtures even has a built-in medicine cabinet. A wall of linen closets and drawers is at the end of the hallway and both bedrooms are very spacious and light and bright with their own walk-in closets and dressers built-in. An extra-large backyard between the two homes can be used by either tenants with a detached garage and block wall fencing. Back house is one bedroom, one bath and has brand new flooring vinyl plank, wall air conditioning unit, a brand new GE4 burner range, inside laundry room off kitchen with wash basin and lots of utility cabinets above. Spacious kitchen also has the beautiful new vinyl plank flooring, new GE four burner range and stainless steel vented hood. A wall of Built-in linen closets and drawers at the end of the hallway. Bathroom has a shower over tub combo, pedestal sink and newer toilet and bedroom is extra spacious. Back unit has its own driveway with room for two cars, and an oversized shed for extra storage. A Rare opportunity!

Last Agent to Sell the Property

Ron Arnold

Keller Williams Realty License #01338671 Listed on: 08/09/2021

Keller Williams Realty

Co-Listed By

susan arnold - Keller Williams

Keller Williams Realty License #01910214

Last Buyer's Agent

Mercedes De La Cruz

Century 21 Allstars License #01414738

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,891

Year Built

  • Built in 1929

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Rectangular Lot
  • Private Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 1,746 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Wood Frame Window
  • Living Room with Fireplace
  • Neighborhood Views
  • Gas Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Cooling Available
  • Wall Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 418
  • Assessor Parcel Number 28423318

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,040
  • Insurance Expense $1,163
  • Professional Management Expense $1,650
  • Water Sewer Expense $2,102
  • New Taxes Expense $1,069
  • Operating Expense $7,024
  • Gross Income $51,900
  • Net Operating Income $44,876

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,891

Year Built

Built in 1929

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.98
  • Professional Management Expense: 1650.00
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2102.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1040.00
  • Parcel Number: 28423318
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room, Masonry
  • Levels: One
  • Price Per Square Foot: 469.64
  • Room Type: Kitchen, Laundry, Walk-In Closet
  • Window Features: Wood Frames

Exterior Features

  • Other Structures: Two On A Lot
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Yard
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600
  • Latitude Manual: 33.91577400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 51900.00
  • Gross Operating Income: 51900.00
  • Gross Scheduled Income: 51900.00
  • Insurance Expense: 1163.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 44876.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Range: 2
  • Operating Expense: 7024.00
  • Rent Control: No
  • Total Expenses: 7024.00

Tax Info

  • New Taxes Expense: 1069.00
  • Tax Census Tract: 15.04
  • Tax Lot: 3
  • Tax Tract Number: 418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Sep 14, 2021
Sold by
Darlene Mae
Bought by
Darlene Blain 2005 Revocable Trust
Seller's Agent
Ron Arnold
Keller Williams Realty
Buyer's Agent
Mercedes De La Cruz
Century 21 Allstars
List Price
$750,000
Sold Price
$820,000
Premium/Discount to List
$70,000
9.33%
Current Estimated Value
$1,020,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,099
Avg. Annual Appreciation
5.71%
Original Mortgage
$697,000
Outstanding Balance
$641,090
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$379,009

Purchase Details

Listed on
Aug 9, 2021
Closed on
Aug 30, 2021
Sold by
Blain Lightfoot Darcy Lynn and Blain Clinton Wyatt
Bought by
Navarro Berenice
Seller's Agent
Ron Arnold
Keller Williams Realty
Buyer's Agent
Mercedes De La Cruz
Century 21 Allstars
List Price
$750,000
Sold Price
$820,000
Premium/Discount to List
$70,000
9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,000
Outstanding Balance
$641,090
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$379,009

Purchase Details

Closed on
Jun 21, 2005
Sold by
Blain Darlene
Bought by
Blain Darlene
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Darlene Blain 2005 Revocable Trust -- --
Navarro Berenice $820,000 First Amer Ttl Co Res Div
Darlene Blain 2005 Revocable Trust -- --
Blain Darlene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro Berenice $697,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2021 09/14/21 Sold $820,000 0.0% $470 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/18/2021 08/18/21 Off Market $820,000 -- --
08/09/2021 08/09/21 For Sale $750,000 -- $430 / 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 $9,891 $870,190 $795,102 $75,088
2024 $9,891 $853,128 $779,512 $73,616
2023 $9,619 $836,400 $764,227 $72,173
2022 $9,529 $820,000 $749,242 $70,758
2021 $1,096 $54,108 $22,418 $31,690
2020 $1,086 $53,554 $22,188 $31,366
2019 $1,069 $52,504 $21,753 $30,751
2018 $1,055 $51,475 $21,326 $30,149
2017 $1,038 $50,466 $20,908 $29,558
2016 $1,021 $49,477 $20,498 $28,979
2015 $1,006 $48,734 $20,190 $28,544
2014 $981 $47,780 $19,795 $27,985
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21175136

California Regional Multiple Listing Service (CRMLS)

APN: 284-233-18