NOT LISTED FOR SALE

348 E Cypress St Covina, CA 91723

Estimated Value: $853,000 - $1,013,000

3 Beds
1.5 Baths
1,520 Sq Ft
$593/Sq Ft Est. Value

Last Sold May 26, 2016

Last sale price $567,500 $373 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,464/month

11 Days on Market

Highlights

  • Mountain View
  • Home Office
  • Back and Front Yard
  • No HOA
  • Central Air

About This Home

As of May 2016

Fully restored 1913 Craftsman Original! 3 Beds and 1.5 Baths + Mudroom (office or den). Open on Sat & Sun 4/23 & 24 11-6pm. Walk to parks, Metrolink & Downtown. Commute to LA. with new Metro Goldline just 3 short miles away. Loads of natural light infuse the interior. Feel the character, detail and charm that cannot be replicated. All Original woodwork is restored. The LR flaunts a beautiful brick fireplace w/ custom stained glass surround, built-in bookcases, and high box beamed ceilings. Host Thanksgiving in the large Formal DR which boasts a large picture window, wainscoting, picture rail moulding & built-in china. Original hardwood floors and period lighting throughout. Remodeled main bath to period detail w/ subway& octagon tiles . Push button light switches throughout most of the home. The Mudroom/ office is (12X8), lg Laundry rm, and 1/2 bath cap off the interior. Central A/C & Heat, upgraded electrical and copper plumbing . This property has an outdoor space for everyone! From the beautiful front porch to the huge backyard w/ a lovely rear deck, Pergola, long driveway, and generous lawn area with a huge Pecan shade tree. Have over-sized Playsets , trampolines, or power wheels?No prob! Copper rain gutters & sprinklers frnt and bck. Truly a must see

Last Agent to Sell the Property

Joel Ornelas

Exquisite Estates, Inc. License #01761820 Listed on: 04/17/2016

Last Buyer's Agent

Joel Ornelas

Exquisite Estates, Inc. License #01761820 Listed on: 04/17/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,209

Year Built

  • Built in 1913

Lot Details

  • 9,100 Sq Ft Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,520 Sq Ft Home
  • Living Room with Fireplace
  • Home Office
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Exterior Lighting
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 53424
  • Assessor Parcel Number 8430011021

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,209

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8430011021
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1520.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 373.36
  • Room Type: Office

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Covina Valley Unified

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 9100.00
  • Price Per Lot Square Foot: 62.36

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 53424

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2016
Closed on
May 24, 2016
Sold by
Ornelas Joel
Bought by
Loera Daniel L and Negrete Melissa A
Seller's Agent
Joel Ornelas
Exquisite Estates, Inc.
Buyer's Agent
Joel Ornelas
Exquisite Estates, Inc.
List Price
$575,000
Sold Price
$567,500
Premium/Discount to List
-$7,500
-1.3%
Current Estimated Value
$901,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,005
Avg. Annual Appreciation
5.06%
Original Mortgage
$454,000
Outstanding Balance
$350,326
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$551,179

Purchase Details

Closed on
Apr 27, 2007
Sold by
Guerrero Steve and Guerrero Rebecca
Bought by
Ornelas Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 2003
Sold by
Williams Mark A and Williams Amy F
Bought by
Guerrero Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,600
Interest Rate
5.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2001
Sold by
Ortiz Investments Inc
Bought by
Williams Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
9.25%

Purchase Details

Closed on
Oct 12, 2000
Sold by
Day Ida T
Bought by
Ortiz Evaristo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
8.63%
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
Loera Daniel L $567,500 Lawyers Title
Ornelas Joel $565,000 Southland Title
Guerrero Steve $352,000 North American Title Co
Williams Mark A $180,000 Stewart Title Company
Ortiz Evaristo $153,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loera Daniel L $454,000
Previous Owner Ornelas Joel $360,000
Previous Owner Guerrero Steve $281,600
Previous Owner Williams Mark A $162,000
Previous Owner Ortiz Evaristo $122,400
Closed Guerrero Steve $70,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2016 05/26/16 Sold $567,500 -1.3% $373 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
04/17/2016 04/17/16 For Sale $575,000 -- $378 / 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 $8,209 $671,799 $509,031 $162,768
2024 $8,209 $658,627 $499,050 $159,577
2023 $8,090 $645,714 $489,265 $156,449
2022 $7,984 $633,054 $479,672 $153,382
2021 $7,868 $620,642 $470,267 $150,375
2019 $7,687 $602,235 $456,319 $145,916
2018 $7,362 $590,427 $447,372 $143,055
2016 $5,366 $435,000 $349,000 $86,000
2015 $4,921 $403,000 $323,000 $80,000
2014 $4,943 $403,000 $323,000 $80,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16080021

California Regional Multiple Listing Service (CRMLS)

APN: 8430-011-021