NOT LISTED FOR SALE

3427 Polley Dr San Marcos, CA 92069

Estimated Value: $663,000 - $1,133,000

5 Beds
2 Baths
1,855 Sq Ft
$499/Sq Ft Est. Value

Last Sold May 01, 2014

Last sale price $400,000 $216 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $5,113/month

257 Days on Market

Highlights

  • Panoramic View
  • Partially Fenced Property
  • 1-Story Property
  • San Marcos High School Rated A
  • Combination Of Heating Systems

About This Home

As of May 2014

GREAT INVESTMENT OPPORTUNITY!!! Earn income while getting approval for condo or aparment units or maybe remodel and add more units. Property is in the R-3(10) Residence Zone which allows for a wide range of uses. 7-8 apartment or condo units possible. Check with City of San Marcos. Nice views. Neighborhoods: San Marcos Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: A Unit # for Unit 2: B Unit 1 Parking Spaces: 4 Unit 2 Parking Spaces: 4 Number of Furnished Units: 0

Last Agent to Sell the Property

Adam Peck

Torrey Pacific Properties License #01229014 Listed on: 06/28/2013

Last Buyer's Agent

Farid Khayamian

Bluxen, Inc. License #01835318

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,610

Year Built

  • Built in 1950

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 110x125
  • Partially Fenced Property

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Panoramic Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Combination Of Heating Systems
  • Electric Water Heater

Community Details

  • 2 Units
  • Net Operating Income $13,107

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, gas
  • Tax Lot 3427Polley92069
  • Assessor Parcel Number 2191131600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,610

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 3.30
  • Subdivision Name Other: San Marcos
  • View: Yes
  • Zoning: R-3(10)
  • Property Type: Residential Income
  • Parcel Number: 2191131600
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • View: Panoramic
  • Fence: Yes
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Electric Water Heater
  • Heating Type: Electric, Combination

Lot Info

  • Lot Size: 110x125
  • Lot Size Sq Ft: 13750.00
  • Lot Size Acres: 0.3157

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 31200.00
  • Lot Size Area: 13750.0000 Square Feet
  • Net Operating Income: 13107.00
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Tax Info

  • Tax Lot: 3427Polley92069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2013
Closed on
Apr 23, 2014
Sold by
Peck Adam Christopher and Peck Shannon Christy
Bought by
Amini Mahmoud and Houshmandi Hanieh
Seller's Agent
Adam Peck
Torrey Pacific Properties
Buyer's Agent
Farid Khayamian
Bluxen, Inc.
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$865,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,537
Avg. Annual Appreciation
7.53%
Original Mortgage
$301,500
Outstanding Balance
$228,677
Interest Rate
4.28%
Mortgage Type
New Conventional
Estimated Equity
$696,426

Purchase Details

Closed on
Apr 15, 2010
Sold by
Peckham Chad Joseph
Bought by
Peck Adam Christopher and Peck Shannon Christy

Purchase Details

Closed on
Jan 24, 2005
Sold by
Peck Adam Christopher and Peck Shannon Christy
Bought by
Peck Adam Christopher and Peck Shannon Christy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2004
Sold by
Lin Kuo Huei
Bought by
Peck Adam Christopher and Peck Shannon Christy

Purchase Details

Closed on
Dec 27, 2000
Sold by
Wu George Shen Chih and Wu Helen Mei Hwei
Bought by
Lin Kuo Huei

Purchase Details

Closed on
Oct 31, 1989

Purchase Details

Closed on
Nov 8, 1985

Purchase Details

Closed on
Nov 16, 1983
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
Amini Mahmoud $402,000 First American Title San Die
Peck Adam Christopher -- None Available
Peck Adam Christopher -- None Available
Peck Adam Christopher -- New Century Title Company
Peck Adam Christopher $402,500 Commonwealth Land Title Co
Lin Kuo Huei -- --
-- $165,100 --
-- $94,000 --
-- $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amini Mahmoud $301,500
Previous Owner Peck Adam Christopher $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2014 05/01/14 Sold $400,000 0.0% $216 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
06/28/2013 06/28/13 For Sale $400,000 -- $216 / 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 $6,610 $492,786 $306,461 $186,325
2024 $6,610 $483,124 $300,452 $182,672
2023 $6,511 $473,652 $294,561 $179,091
2022 $6,439 $464,366 $288,786 $175,580
2021 $6,354 $455,262 $283,124 $172,138
2020 $6,305 $450,594 $280,221 $170,373
2019 $6,249 $441,760 $274,727 $167,033
2018 $6,090 $433,099 $269,341 $163,758
2017 $132 $424,608 $264,060 $160,548
2016 $5,945 $416,283 $258,883 $157,400
2015 $5,877 $410,031 $254,995 $155,036
2014 $5,436 $371,888 $289,190 $82,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 130033884

California Regional Multiple Listing Service (CRMLS)

APN: 219-113-16