NOT LISTED FOR SALE

Estimated Value: $2,094,000 - $3,095,000

5 Beds
4 Baths
2,613 Sq Ft
$984/Sq Ft Est. Value

Last Sold January 01, 2016

Last sale price $1,480,000 $566 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $15,906/month

6 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • Laundry Room
  • Newport Heights Elementary Rated A
  • No HOA
  • Bungalow

About This Home

As of January 2016

Two separate homes on one lot (R-2) in a great location in Newport Heights! The first home is a single story bungalow built in 1948 and has approximately 1,125 SF. It is reminiscent of the classic beach cottages that you would find in Laguna Beach. It has two bedrooms plus an office space, a great kitchen with honed granite counters and white subway tile, living and dining rooms, and details such as crown molding and hardwood floors. The yard is spacious and private with mature landscaping, and there is parking for two cars off-street. The second unit at 3321 is two story and approximately 1,293 square feet and has three bedrooms, three full baths, and a two car garage. The main living areas and two bedrooms are on the second level of the home, and there is a bedroom with en-suite bath on the first level by itself. It has just been painted and new carpet, roof and water heater have been installed! Close to everything important: shopping, schools and beaches!

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 11/09/2015

Last Buyer's Agent

James Gray

Arbor Real Estate License #01065395

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,432

Year Built

  • Built in 1948

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 2,613 Sq Ft Home
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet
  • Stone
  • Concrete

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection, water
  • Tax Lot 7
  • Tax Tract Number 27
  • Assessor Parcel Number 42529201

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • New Taxes Expense $9,640
  • Gross Income $5,495
  • Net Operating Income $65,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,432

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Newport Heights (NEWH)
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 42529201
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Concrete, Carpet, Stone, Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 566.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Front Yard, Lawn, Yard
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 242.70
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection, Water

Multi Family

  • Gross Income: 5495.00
  • Gross Scheduled Income: 65940.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 65940.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9640.00
  • Tax Lot: 7
  • Tax Tract Number: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Jan 8, 2016
Sold by
Taylor Alexandra S
Bought by
Taylor Alexandra S and Gray James
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
James Gray
Arbor Real Estate
List Price
$1,490,000
Sold Price
$1,480,000
Premium/Discount to List
-$10,000
-0.67%
Current Estimated Value
$2,571,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,091,686
Avg. Annual Appreciation
6.54%
Original Mortgage
$1,184,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2015
Closed on
Nov 25, 2015
Sold by
Allred Richard H and Allred Amy M
Bought by
Taylor Alexandra S
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
James Gray
Arbor Real Estate
List Price
$1,490,000
Sold Price
$1,480,000
Premium/Discount to List
-$10,000
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,184,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2003
Sold by
Jones Floyd E
Bought by
Allred Richard H and Allred Amy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 1997
Sold by
Jones Floyd E
Bought by
Jones Floyd E
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
Taylor Alexandra S -- None Available
Taylor Alexandra S $1,480,000 Equity Title Company
Allred Richard H $725,000 Southland Title Corporation
Jones Floyd E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Alexandra S $1,500,000
Closed Taylor Alexandra S $1,184,000
Previous Owner Allred Richard H $200,000
Previous Owner Allred Richard H $862,500
Previous Owner Allred Richard $250,000
Previous Owner Allred Richard H $475,000
Previous Owner Jones Floyd E $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2016 01/01/16 Sold $1,480,000 -0.7% $566 / Sq Ft
11/15/2015 11/15/15 Pending -- -- --
11/09/2015 11/09/15 For Sale $1,490,000 -- $570 / 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
2024 $20,432 $1,873,222 $1,714,193 $159,029
2023 $19,955 $1,836,493 $1,680,582 $155,911
2022 $18,025 $1,650,965 $1,500,942 $150,023
2021 $17,640 $1,618,594 $1,471,512 $147,082
2020 $17,471 $1,601,998 $1,456,424 $145,574
2019 $17,116 $1,570,587 $1,427,867 $142,720
2018 $16,779 $1,539,792 $1,399,870 $139,922
2017 $16,562 $1,509,600 $1,372,421 $137,179
2016 $16,193 $1,480,000 $1,345,510 $134,490
2015 $9,871 $873,687 $712,953 $160,734
2014 $9,640 $856,573 $698,987 $157,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15242848

California Regional Multiple Listing Service (CRMLS)

APN: 425-292-01