NOT LISTED FOR SALE

Estimated Value: $197,000 - $220,000

2 Beds
1 Bath
840 Sq Ft
$310/mo HOA Fee

Last Sold November 24, 2021

Last sale price $157,000 $187 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,636/month

35 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Central Heating

About This Home

As of November 2021

PROFORMA CAP for DEC 2021 approx 6.5%! 840 sqft 2/1B second floor unit that has been consistently occupied since 2016! Currently rented to a family via a government/nonprofit Agency, which ensures rental income. Rent is currently $1232 a month but can rent at a market rate of $1400! Last time unit was rented out there were over 50+ inquiries. Tenant will vacate in December. High demand location minutes from walmart, San Manuel casino, shopping and the 210/330 Frwy.

Unit has vinyl plank flooring throughout, central AC/heat, galley kitchen includes refrigerator and new electric stove/oven. 2 large bedrooms, private balcony, 1 reserved car space and shared garage.

HOA takes care of exterior maintenance and termite, landscaping, common area, security, exterior insurance, garage, water, sewer, trash, water heater tank. Income information has factored in new owners taxes.HOA fee increases next year

Last Agent to Sell the Property

Debbie Hanna

DEBRA HANNA BROKER License #01473392 Listed on: 09/28/2021

Last Buyer's Agent

Krista Ellis

RE/MAX One License #01945307

RE/MAX One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,209

Year Built

  • Built in 1969

Lot Details

  • 1 Common Wall
  • Lawn

HOA Fees

  • $310 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 2 Bedrooms
  • 840 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Additional Features

  • Suburban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 23
  • Tax Tract Number 7323
  • Assessor Parcel Number 1191313040000
  • $331 per year additional tax assessments

Community Details

Overview

  • Highland Palms Association, Phone Number (800) 606-9776

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $460
  • Other Expense $900
  • Professional Management Expense $3,700
  • New Taxes Expense $2,200
  • Operating Expense $5,060
  • Gross Income $16,800
  • Net Operating Income $11,740

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,209

Year Built

Built in 1969

Lot Details

0

HOA Fees

$310 per month

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 6.30
  • Price Per Unit: 165000
  • Professional Management Expense: 3700.00
  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1191313040000
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 186.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 310.00
  • Association Fee Frequency: Monthly
  • Association Name: Highland Palms
  • Phone: 800-606-9776
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 928.00
  • Lot Size Acres: 0.0213

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 460.00
  • Lot Size Area: 928.0000 Square Feet
  • Net Operating Income: 11740.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 5060.00
  • Other Expense: 900.00
  • Other Expense Description: tax
  • Rent Control: No
  • Total Actual Rent: 1232.00
  • Total Expenses: 5060.00

Tax Info

  • New Taxes Expense: 2200.00
  • Tax Census Tract: 74.10
  • Tax Lot: 23
  • Tax Tract Number: 7323
  • TaxOtherAnnualAssessmentAmount: 331.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2021
Closed on
Oct 29, 2021
Sold by
Suzuki David
Bought by
Hanna Debra
Seller's Agent
Debbie Hanna
DEBRA HANNA BROKER
Buyer's Agent
Krista Ellis
RE/MAX One
List Price
$178,000
Sold Price
$157,000
Premium/Discount to List
-$21,000
-11.8%
Current Estimated Value
$209,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,573
Avg. Annual Appreciation
7.82%
Original Mortgage
$112,500
Outstanding Balance
$103,519
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$104,570

Purchase Details

Listed on
Sep 28, 2021
Closed on
Oct 26, 2021
Sold by
Hanna Debra
Bought by
Miyahara Jeff
Seller's Agent
Debbie Hanna
DEBRA HANNA BROKER
Buyer's Agent
Krista Ellis
RE/MAX One
List Price
$178,000
Sold Price
$157,000
Premium/Discount to List
-$21,000
-11.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Outstanding Balance
$103,519
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$104,570

Purchase Details

Listed on
Feb 23, 2016
Closed on
May 4, 2016
Sold by
Pogodaeva Elisaveta
Bought by
Hanna Debra
Seller's Agent
CECELIA CARTER
CECELIA CARTER BROKER
Buyer's Agent
CECELIA CARTER
CECELIA CARTER BROKER
List Price
$43,900
Sold Price
$50,000
Premium/Discount to List
$6,100
13.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.13%

Purchase Details

Closed on
Jun 12, 2007
Sold by
Pogodaeva Elisaveta
Bought by
Pogodaeva Elisaveta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2005
Sold by
Wada Shuji
Bought by
Pogodaeva Elisaveta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,700
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Hanna Debra -- North American Title Co Inc
Miyahara Jeff $157,000 North American Title Co Inc
Hanna Debra $50,000 Wfg Title Company Of Ca
Pogodaeva Elisaveta -- Chicago Title
Pogodaeva Elisaveta $113,000 North American Title Co
Pogodaeva Elisaveta -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miyahara Jeff $112,500
Previous Owner Pogodaeva Elisaveta $105,500
Previous Owner Pogodaeva Elisaveta $101,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $157,000 -4.8% $187 / Sq Ft
10/07/2021 10/07/21 Price Changed $165,000 -7.3% $196 / Sq Ft
09/28/2021 09/28/21 For Sale $178,000 +256.0% $212 / Sq Ft
05/28/2016 05/28/16 Sold $50,000 -9.1% $60 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
02/23/2016 02/23/16 Price Changed $55,000 +25.3% $65 / Sq Ft
02/23/2016 02/23/16 For Sale $43,900 0.0% $52 / Sq Ft
06/23/2015 06/23/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $43,900 -- $52 / 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 $2,209 $166,610 $49,983 $116,627
2024 $2,209 $163,343 $49,003 $114,340
2023 $2,154 $160,140 $48,042 $112,098
2022 $2,155 $157,000 $47,100 $109,900
2021 $873 $54,607 $16,383 $38,224
2020 $871 $54,047 $16,215 $37,832
2019 $850 $52,987 $15,897 $37,090
2018 $842 $51,948 $15,585 $36,363
2017 $816 $50,929 $15,279 $35,650
2016 $671 $47,500 $14,000 $33,500
2015 $494 $44,000 $13,000 $31,000
2014 $490 $44,000 $13,000 $31,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV21215583

California Regional Multiple Listing Service (CRMLS)

APN: 1191-313-04