NOT LISTED FOR SALE

330 N Shaffer St Orange, CA 92866

Estimated Value: $1,122,884 - $1,334,000

5 Beds
2 Baths
1,800 Sq Ft
$682/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $950,000 $528 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,767/month

90 Days on Market

About This Home

As of March 2020

Price reduced for quick sale. 330 North Shaffer Street is a well maintained duplex located in Old Towne Orange. The property is conveniently located just steps from Chapman University and is within 3 blocks of Central Plaza Park which is the central point of Old Towne Orange. The duplex features two detached apartment structures which sit atop a rectangular shaped 7,571 square foot lot. The subject property features two and three bedroom apartments which are both currently rented. Each apartment comes with its own private, enclosed yard and the 2 bedroom apartment has an attached storage room. Both apartments have upgraded flooring throughout, new kitchen cabinets and countertops, newer panel doors, new bathroom vanities, and updated tile shower surrounds. Along with the close proximity to Old Towne Orange and Chapman University, the Shaffer duplex apartments are easily accessible from the 22, 57, 55, and 5 Freeways along with the Orange Metrolink Station.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 12/11/2019

Co-Listed By

Jay Skenderian

Morgan Skenderian License #01220368

Last Buyer's Agent

Natasha Wosoughkia

Real Broker License #01849982

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 7,571 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 204
  • Assessor Parcel Number 03923216

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,100
  • Maintenance Expense $2,634
  • Trash Expense $1,250
  • Water Sewer Expense $1,250
  • New Taxes Expense $10,502
  • Operating Expense $18,930
  • Gross Income $52,671
  • Net Operating Income $33,741

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1250.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 03923216
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 527.78

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: No
  • Appliances: Gas Range
  • Sewer: Public Sewer
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7571.00
  • Lot Size Acres: 0.1738
  • Latitude Manual: 33.79209600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 738 Square Feet
  • Average3 Bed Area: 1062 Square Feet
  • Gross Operating Income: 52671.00
  • Gross Scheduled Income: 54300.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 7571.0000 Square Feet
  • Maintenance Expense: 2634.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 33741.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 18930.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Actual Rent: 4525.00
  • Total Expenses: 18930.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10502.00
  • Tax Census Tract: 759.01
  • Tax Lot: 4
  • Tax Tract Number: 204

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2019
Closed on
Mar 10, 2020
Sold by
Ambuehl Shannon M
Bought by
Cubbage David Adam and Cubbage Joy
Seller's Agent
Michael Arp
Morgan Skenderian
Buyer's Agent
Natasha Wosoughkia
Real Broker
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Current Estimated Value
$1,227,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,471
Avg. Annual Appreciation
4.53%
Original Mortgage
$760,000
Outstanding Balance
$671,805
Interest Rate
3.4%
Mortgage Type
Seller Take Back
Estimated Equity
$555,666

Purchase Details

Closed on
Apr 28, 2016
Sold by
Ambuehl Shannon M
Bought by
Ambuehl Shannon M

Purchase Details

Closed on
Jul 29, 2015
Sold by
Ambuehl Stephen A
Bought by
Ambuehl Shannon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2014
Sold by
Ambuehl Stephen A
Bought by
Ambuehl Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2014
Sold by
Ambuehl Stephen A
Bought by
Ambuehl Stephen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2014
Sold by
Ambuchi Stephen A
Bought by
Ambuehl Stephen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2011
Sold by
Ambuehl Stephen A
Bought by
Highter Shannon M

Purchase Details

Closed on
Jun 30, 2008
Sold by
Ambuehl Stephen A
Bought by
Ambuehl Stephen A

Purchase Details

Closed on
Mar 3, 2006
Sold by
Edwards Stout James
Bought by
Ambuehl Stephen A

Purchase Details

Closed on
Sep 30, 2005
Sold by
Edwards Stout James
Bought by
Edwards Stout James and Ambuehl Stephen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 24, 2005
Sold by
Franz Mike and Franz Linda
Bought by
Edwards Stout James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 1, 2004
Sold by
Franz Anita
Bought by
Franz Anita
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cubbage David Adam $950,000 Ticor Title Company Of Ca
Ambuehl Shannon M -- None Available
Ambuehl Shannon M -- Chicago Title Company
Ambuehl Shannon -- Ticor Title Company
Ambuehl Stephen A -- Ticor Title Company
Ambuehl Stephen A -- Ticor Title Company
Highter Shannon M $272,500 None Available
Ambuehl Stephen A -- None Available
Ambuehl Stephen A -- Accommodation
Edwards Stout James -- --
Edwards Stout James $570,000 Multiple
Franz Anita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cubbage David Adam $760,000
Previous Owner Ambuehl Shannon M $404,500
Previous Owner Ambuehl Stephen A $409,000
Previous Owner Edwards Stout James $85,500
Previous Owner Edwards Stout James $427,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2020 03/27/20 Sold $950,000 -0.9% $528 / Sq Ft
01/22/2020 01/22/20 Price Changed $959,000 -3.6% $533 / Sq Ft
12/11/2019 12/11/19 For Sale $995,000 -- $553 / 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 $4,178 $364,668 $255,268 $109,400
2024 $4,178 $344,032 $240,823 $103,209
2023 $4,449 $372,045 $260,432 $111,613
2022 $5,214 $445,687 $311,981 $133,706
2021 $5,018 $431,675 $302,173 $129,502
2020 $4,809 $411,810 $288,266 $123,544
2019 $4,486 $378,517 $264,962 $113,555
2018 $4,490 $377,812 $264,468 $113,344
2017 $4,314 $370,733 $259,513 $111,220
2016 $3,996 $340,579 $238,405 $102,174
2015 $3,725 $314,853 $220,397 $94,456
2014 $3,681 $312,063 $218,444 $93,619
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19279282

California Regional Multiple Listing Service (CRMLS)

APN: 039-232-16