NOT LISTED FOR SALE

3217-19 Massachusetts Ave Lemon Grove, CA 91945

Estimated Value: $956,000 - $1,027,058

4 Beds
2 Baths
2,300 Sq Ft
$433/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $835,000 $363 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,297/month

7 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Back Yard
  • Laundry Room

About This Home

As of December 2021

Duplex for sale in highly desirable area! They are each two bedrooms, one bath, 1,150 sqft. They are sitting on a little over a quarter acre. They have 2 car garage and washer and dryer hookups. They have completely been remodeled, with new appliances, new flooring, and ready to move in. Close to all shopping and entertainment. Centrally located, only 10 min away from Downtown San Diego. This is an amazing investment for first-time home buyer and for an investor. You can live in one and rent the other, or have both units rented. Per management company, each unit can be rented for $2,400. You don't want to miss out on this great opportunity.

Last Agent to Sell the Property

Athir Markos

Coldwell Banker West License #02024154 Listed on: 11/03/2021

Coldwell Banker West

Last Buyer's Agent

Amber Kelley

Real Broker License #02097150

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Level Lot
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • 2,300 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 15002
  • Tax Tract Number 1094
  • Assessor Parcel Number 4791512200

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • New Taxes Expense $9,300
  • Operating Expense $13,700
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.26 Acres

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.80
  • Property Attached: Yes
  • Zoning: R-2:MINOR MULTIPLE
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4791512200
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 363.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Level
  • Lot Size Sq Ft: 11325.60
  • Lot Size Acres: 0.2600

Multi Family

  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 800.00
  • Lot Size Area: 0.2600 Acres
  • Net Operating Income: 54000.00
  • 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: 3600.00
  • Rent Control: No
  • Total Expenses: 13700.00

Tax Info

  • New Taxes Expense: 9300.00
  • Tax Lot: 15002
  • Tax Tract Number: 001094

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2021
Closed on
Dec 1, 2021
Sold by
Ko Cidney Lynn
Bought by
Ko Thet
Seller's Agent
Athir Markos
Coldwell Banker West
Buyer's Agent
Amber Kelley
Real Broker
List Price
$749,000
Sold Price
$835,000
Premium/Discount to List
$86,000
11.48%
Current Estimated Value
$995,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,265
Avg. Annual Appreciation
4.21%
Original Mortgage
$630,000
Outstanding Balance
$574,480
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$420,785

Purchase Details

Listed on
Nov 3, 2021
Closed on
Nov 17, 2021
Sold by
Silver Bay Homes Llc
Bought by
Thant Aung and Ko Thet
Seller's Agent
Athir Markos
Coldwell Banker West
Buyer's Agent
Amber Kelley
Real Broker
List Price
$749,000
Sold Price
$835,000
Premium/Discount to List
$86,000
11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Outstanding Balance
$574,480
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$420,785

Purchase Details

Listed on
Nov 3, 2021
Closed on
Nov 15, 2021
Sold by
Haymar Hnin
Bought by
Thant Aung
Seller's Agent
Athir Markos
Coldwell Banker West
Buyer's Agent
Amber Kelley
Real Broker
List Price
$749,000
Sold Price
$835,000
Premium/Discount to List
$86,000
11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Outstanding Balance
$574,480
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$420,785

Purchase Details

Closed on
Aug 20, 2021
Sold by
Trent Family Trust and Smith Valerie Ann
Bought by
Silver Bay Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 1994
Sold by
Trent Charles E
Bought by
Trent Charles Edward and Trent Dorris Irene
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
Ko Thet -- Fidelity National Title Co
Thant Aung $840,000 Fidelity National Title
Thant Aung -- Fidelity Natl Ttl San Diego
Silver Bay Homes Llc $595,000 Fidelity National Title
Trent Charles Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thant Aung $630,000
Previous Owner Silver Bay Homes Llc $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $835,000 +4.5% $363 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/08/2021 11/08/21 Price Changed $799,000 +6.7% $347 / Sq Ft
11/03/2021 11/03/21 For Sale $749,000 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,746 $891,414 $530,604 $360,810
2024 $11,842 $873,936 $520,200 $353,736
2023 $11,543 $856,800 $510,000 $346,800
2022 $11,484 $76,993 $18,112 $58,881
2021 $2,299 $76,993 $18,112 $58,881
2020 $2,254 $76,205 $17,927 $58,278
2019 $2,205 $74,712 $17,576 $57,136
2018 $2,150 $73,248 $17,232 $56,016
2017 $2,105 $71,813 $16,895 $54,918
2016 $2,011 $70,406 $16,564 $53,842
2015 $2,005 $69,350 $16,316 $53,034
2014 $1,951 $67,993 $15,997 $51,996
Source: Public Records

Agents Affiliated with this Home

  • Athir Markos

    Seller's Agent in 2021

    Athir Markos

    Coldwell Banker West

    (619) 504-7999

    7 in this area

    159 Total Sales

    Athir Markos
    Section Image

  • A

    Buyer's Agent in 2021

    Amber Kelley

    Real Broker

    Section Image
  • Felicia Lewis

    Buyer Co-Listing Agent in 2021

    Felicia Lewis

    Real Broker

    (858) 876-8565

    5 in this area

    137 Total Sales

    Felicia Lewis
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2107647

California Regional Multiple Listing Service (CRMLS)

APN: 479-151-22

California San Diego County Lemon Grove 91945

3217-19 Massachusetts Ave, Lemon Grove, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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