Seller's Agent in 2021
Dave Wells
Wells Commercial R.E. & Investment
(707) 832-9121
34 Total Sales
322 1st St Eureka, CA 95501
Estimated Value: $2,170,520
18
Beds
11
Baths
13,000
Sq Ft
$167/Sq Ft
Est. Value
Highlights
- Ocean View
- Cathedral Ceiling
- 4 Car Attached Garage
- Open-Concept Dining Room
- Oversized Lot
- Eat-In Kitchen
About This Home
As of January 2021Here is a beautiful 13,000 s.f. mixed use development on the waterfront in Eureka. CA. The building includes one commercial office space, 12 residential apartments, 3 vacation rentals, and four garages. This three story building is located in the heart of Old Town Eureka, Humboldt County's cultural, social, and economic hot spot. The location is walking distance from the Boardwalk, shops, restaurants, night life and leisure activities such as walking trails and kayak rentals. The adjacent free city parking lot provides easy parking for the tenants
Last Agent to Sell the Property
Wells Commercial R.E. & Investment Brokerage Phone: 707.444.3624 License #01700566 Listed on: 09/19/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1990
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 60 x 110
- Oversized Lot
- Level Lot
- Property is in excellent condition
Parking
- 4 Car Attached Garage
- Parking Available
- Driveway
- 2 - 10 Parking Spaces
Property Views
- Ocean
- Bay
- Panoramic
- City Lights
- Mountain
- Hills
Home Design
- Slab Foundation
- Wood Frame Construction
- Composition Shingle Roof
- Wood Siding
Interior Spaces
- 13,000 Sq Ft Home
- 3-Story Property
- Cathedral Ceiling
- Living Room with Fireplace
- Open-Concept Dining Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Plumbed For Gas In Kitchen
- Cooktop
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Laundry
- Dryer
- Washer
Location
- Property is near shops
Schools
- Eureka High School
Utilities
- Separate Meters
- 110 Volts
- Gas Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 001-052-002
Community Details
Overview
- 4 Buildings
- 16 Units
Additional Features
- Coin Laundry
- 7 Leased Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 19, 2020
Closed on
Dec 30, 2020
Sold by
Jones 1996 Family Trust and Jones Mark C
Bought by
Hemsted Properties Llc
Seller's Agent
Dave Wells
Wells Commercial R.E. & Investment
Buyer's Agent
Tim Lorenzo
Community Realty-Arcata
Sold Price
$1,800,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,520
Avg. Annual Appreciation
3.83%
Original Mortgage
$200,000
Outstanding Balance
$177,238
Interest Rate
2.7%
Mortgage Type
Seller Take Back
Estimated Equity
$1,993,282
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hemsted Properties Llc | $1,800,000 | Humboldt Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hemsted Properties Llc | $200,000 | |
| Open | Hemsted Properties Llc | $1,151,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/04/2021 01/04/21 | Sold | $1,800,000 | -- | $138 / Sq Ft |
Source: Humboldt Association of REALTORS®
Tax History Compared to Growth
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 | $20,038 | $1,948,376 | $162,364 | $1,786,012 |
| 2024 | $20,038 | $1,910,174 | $159,181 | $1,750,993 |
| 2023 | $19,757 | $1,872,720 | $156,060 | $1,716,660 |
| 2022 | $20,508 | $1,836,000 | $153,000 | $1,683,000 |
| 2021 | $10,293 | $964,670 | $131,745 | $832,925 |
| 2020 | $10,216 | $954,780 | $130,395 | $824,385 |
| 2019 | $10,006 | $936,060 | $127,839 | $808,221 |
| 2018 | $9,856 | $917,707 | $125,333 | $792,374 |
| 2017 | $9,807 | $899,714 | $122,876 | $776,838 |
| 2016 | $9,809 | $882,073 | $120,467 | $761,606 |
| 2015 | $9,722 | $864,424 | $118,658 | $745,766 |
| 2014 | $9,043 | $847,492 | $116,334 | $731,158 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Wells
-
Tim Lorenzo
Buyer's Agent in 2021
Tim Lorenzo
Community Realty-Arcata
(707) 498-4100
38 Total Sales
Map
Source: Humboldt Association of REALTORS®
MLS Number: 257431
APN: 001-052-002-000
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