NOT LISTED FOR SALE

3217-19 Massachusetts Ave Lemon Grove, CA 91945

Estimated Value: $999,000 - $1,052,605

4 Beds
2 Baths
2,300 Sq Ft
$445/Sq Ft Est. Value

Last Sold December 17, 2021

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

Est. 23% increase in value since last sale

Current estimated payment $6,566/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

Keller Williams Realty License #02024154 Listed on: 11/03/2021

Keller Williams Realty

Last Buyer's Agent

Amber Kelley

Compass License #02097150

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,842

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

Est. Annual Taxes

$11,842

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.80
  • Price Per Unit: 399500
  • 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

Closed on
Aug 20, 2021
Sold by
Trent Family Trust and Smith Valerie Ann
Bought by
Silver Bay Homes Llc
Current Estimated Value
$1,023,901

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
Outstanding Balance
$478,751
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$504,576

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:

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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
Silver Bay Homes Llc $595,000 Fidelity National Title
Trent Charles Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silver Bay Homes Llc $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $11,842 $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

    Keller Williams Realty

    (619) 663-9170

    7 in this area

    168 Total Sales

    Athir Markos
    Section Image
  • Amber Kelley

    Buyer's Agent in 2021

    Amber Kelley

    Compass

    (858) 880-4953

    5 in this area

    62 Total Sales

    Amber Kelley
    Section Image
  • Felicia Lewis

    Buyer Co-Listing Agent in 2021

    Felicia Lewis

    Compass

    (858) 876-8565

    5 in this area

    157 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

This home is located at 3217-19 Massachusetts Ave, Lemon Grove, CA 91945 since 03 November 2021 and is currently estimated at $1,023,901, approximately $445 per square foot. This property was built in 1950. 3217-19 Massachusetts Ave is a home located in San Diego County with nearby schools including San Miguel Elementary School, Mount Miguel High School, and Helix High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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