NOT LISTED FOR SALE

Estimated Value: $2,277,000 - $4,004,000

4 Beds
3 Baths
1,681 Sq Ft
$1,745/Sq Ft Est. Value

Last Sold March 02, 2012

Last sale price $907,500 $540 Per Sq Ft

Est. 223% increase in value since last sale

Current estimated payment $17,591/month

17 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Granite Countertops
  • Newport Elementary School Rated A
  • Contemporary Architecture
  • 1-minute walk to 38th Street Park

About This Home

As of March 2012

SOLD! But we have others... LOCATION!!! Newport Peninsula Duplex just steps from the sand. Upstairs is 3Bed/2Bath, downstairs unit is 1Bed/1Bath. This property has been rehabbed with fresh custom interior paint, brand-new carpeting in bedrooms, new exterior paint. Granite counters, sinks, custom travertine and slate adorn the family room, kitchen, bathrooms and fireplace. Newer Bosch Stainless steel appliances included in sale-bring your surfboard! Great for investment- endless options. Rent as a summer vacation rental for thousands a week in summer months. OR-Live in luxury by the beach & rent the bottom unit. Lender discounted for fast sale. NOT a shortsale- quick response from the bank. Buyer to verify permits/facts. AGENTS PLEASE READ PRIVATE REMARKS.

Last Agent to Sell the Property

Chris Robertson

Chris Robertson, Broker License #01727638 Listed on: 02/08/2012

Chris Robertson, Broker

Last Buyer's Agent

Kelly Gwin

Realty One Group West License #01184176

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,660

Year Built

  • Built in 1975

Lot Details

  • 2,250 Sq Ft Lot
  • Lot Dimensions are 25x90

Parking

  • 3 Car Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,681 Sq Ft Home
  • Ocean Views

Kitchen

  • Gas Oven or Range
  • Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Beach Access
  • Balcony

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Block 36
  • Tax Tract Number 670
  • Assessor Parcel Number 42333108

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,500
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,660

Year Built

Built in 1975

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 6.35
  • View: Yes
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 42333108
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Granite Counters
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 539.86

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Appliances: Dishwasher, Gas Cooking, Disposal, Range, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 25x90
  • Lot Size Sq Ft: 2250.00
  • Lot Size Acres: 0.0500

Multi Family

  • Gross Income: 4500.00
  • Gross Multiplier: 15.74
  • Gross Scheduled Income: 54000.00
  • Lot Size Area: 2250.0000 Square Feet
  • Net Operating Income: 54000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Refrigerator: 2
  • Operating Expense: 4000.00
  • Waterfront Features: Beach Access

Tax Info

  • Tax Area: 07001
  • Tax Block: 36
  • Tax Lot: 0.
  • Tax Tract Number: 670

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2013
Sold by
Buccola Dennis J and Buccola Rick D
Bought by
Buccola Rick Dean and Rick Dean Buccola Living Trust
Current Estimated Value
$2,933,438

Purchase Details

Listed on
Feb 8, 2012
Closed on
Mar 22, 2012
Sold by
Buccola Joann
Bought by
Buccola Dennis J and Buccola Rick D
Seller's Agent
Chris Robertson
Chris Robertson, Broker
Buyer's Agent
Kelly Gwin
Realty One Group West
List Price
$849,900
Sold Price
$907,500
Premium/Discount to List
$57,600
6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%

Purchase Details

Listed on
Feb 8, 2012
Closed on
Feb 27, 2012
Sold by
Wells Fargo Bank Na
Bought by
Buccola Joann
Seller's Agent
Chris Robertson
Chris Robertson, Broker
Buyer's Agent
Kelly Gwin
Realty One Group West
List Price
$849,900
Sold Price
$907,500
Premium/Discount to List
$57,600
6.78%

Purchase Details

Closed on
Nov 2, 2011
Sold by
Perez Joseph M
Bought by
Wells Fargo Bank Na and Wachovia Mortgage

Purchase Details

Closed on
Jun 17, 2008
Sold by
New Frontier Capital Inc
Bought by
International Investment Trading & Consu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,055
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2003
Sold by
Perez Karla M
Bought by
Perez Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
6.12%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 21, 2003
Sold by
Jacinto Pansy M
Bought by
Perez Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
6.12%
Mortgage Type
Stand Alone First
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
Buccola Rick Dean $1,200,000 First American Title Company
Buccola Dennis J -- None Available
Buccola Joann $907,500 Fidelity National Title Co
Wells Fargo Bank Na $848,577 Accommodation
International Investment Trading & Consu -- Investors Title
New Frontier Capital Inc -- Investors Title
Perez Joseph M -- Landsafe Title
Perez Joseph M $925,000 Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buccola Rick Dean $400,000
Closed Buccola Rick Dean $600,000
Previous Owner International Investment Trading & Consu $65,055
Previous Owner Perez Joseph M $1,061,000
Previous Owner Perez Joseph M $160,000
Previous Owner New Frontier Capital $37,400
Previous Owner Perez Joseph M $740,000
Previous Owner Jacinto Pansy M $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2012 03/02/12 Sold $907,500 +6.8% $540 / Sq Ft
02/25/2012 02/25/12 Pending -- -- --
02/08/2012 02/08/12 For Sale $849,900 -- $506 / 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 $19,660 $1,874,873 $1,122,191 $752,682
2024 $19,660 $1,838,111 $1,100,187 $737,924
2023 $19,198 $1,802,070 $1,078,615 $723,455
2022 $18,877 $1,766,736 $1,057,466 $709,270
2021 $18,514 $1,732,095 $1,036,732 $695,363
2020 $18,336 $1,714,335 $1,026,102 $688,233
2019 $17,956 $1,680,721 $1,005,982 $674,739
2018 $17,598 $1,647,766 $986,257 $661,509
2017 $17,286 $1,615,457 $966,918 $648,539
2016 $16,897 $1,583,782 $947,959 $635,823
2015 $16,736 $1,559,993 $933,720 $626,273
2014 $15,639 $1,484,571 $915,429 $569,142
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S687620

California Regional Multiple Listing Service (CRMLS)

APN: 423-331-08