NOT LISTED FOR SALE

Estimated Value: $431,000 - $626,000

4 Beds
3 Baths
1,700 Sq Ft
$314/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $269,000 $158 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $3,031/month

99 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wall Furnace
  • Laundry Room

About This Home

As of July 2014

Two units, newly rehabbed. Downstairs unit is 2 bedrooms 2 baths, Upstairs is 2 bedrooms one bath.. Both units have new electrical panels. Kitchens and bathrooms have been remodeled. Large lot, with plenty of space. Upstairs has all new carpet and laminate flooring. Down stairs is ceramic tile and has a laundry room that could be separated for shared use. Close to Ina Arbuckle Elementary School. Garage was formally a 3rd unit, has been converted to storage. Newly painted. Live in one and rent the other, or rent them both for positive cash flow.

Last Agent to Sell the Property

Kendra Hartsell

RE/MAX HORIZON License #01193953 Listed on: 02/02/2014

RE/MAX HORIZON

Last Buyer's Agent

Adrian Ortega

Century 21 Allstars License #01227249

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 15
  • Assessor Parcel Number 179201028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $920
  • Trash Expense $200
  • Water Sewer Expense $1,000
  • New Taxes Expense $3,348
  • Gross Income $2,100
  • Net Operating Income $19,132

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 179201028
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 158.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 11761.00
  • Lot Size Acres: 0.2700

Multi Family

  • Average2 Bed Area: 800
  • Gross Income: 2100.00
  • Gross Scheduled Income: 25200.00
  • Insurance Expense: 920.00
  • Lot Size Area: 11761.0000 Square Feet
  • Net Operating Income: 19132.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 6068.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3348.00
  • Tax Lot: 26
  • Tax Tract Number: 015
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2015
Sold by
Castro Anthony Eleazar and Castro Celsa
Bought by
Castro Anthony Eleazar and Altamirano Leslie
Current Estimated Value
$523,551

Purchase Details

Listed on
Feb 2, 2014
Closed on
Jun 4, 2014
Sold by
Avenna Inc
Bought by
Castro Anthony Elfazar and Castro Celsa
Seller's Agent
Kendra Hartsell
RE/MAX HORIZON
Buyer's Agent
Adrian Ortega
Century 21 Allstars
List Price
$279,000
Sold Price
$269,000
Premium/Discount to List
-$10,000
-3.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$264,127
Outstanding Balance
$200,674
Interest Rate
4.17%
Mortgage Type
FHA
Estimated Equity
$332,481

Purchase Details

Closed on
Jul 1, 2013
Sold by
Clark Wayne
Bought by
Avenna Inc

Purchase Details

Listed on
Dec 17, 2012
Closed on
Jan 23, 2013
Sold by
Clark Beverly Jean
Bought by
Clark Wayne
Seller's Agent
Sheri Drake
ELITE GROUP REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$83,600
Sold Price
$101,500
Premium/Discount to List
$17,900
21.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.73%

Purchase Details

Listed on
Dec 17, 2012
Closed on
Jan 14, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Clark Wayne
Seller's Agent
Sheri Drake
ELITE GROUP REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$83,600
Sold Price
$101,500
Premium/Discount to List
$17,900
21.41%

Purchase Details

Closed on
May 3, 2012
Sold by
Espeleta Carlos
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 18, 2007
Sold by
Lopez Delfina
Bought by
Espeleta Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2004
Sold by
Lopez Delfina
Bought by
Lopez Delfina and Espeleta Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
4.02%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 9, 2004
Sold by
Lopez Jose
Bought by
Lopez Delfina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
4.02%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 10, 1996
Sold by
Action Asset Management Ltd
Bought by
Lopez Jose and Lopez Delfina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,255
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Action Asset Management Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,255
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 1994
Sold by
Escuin Miguel A and Escuin Agnes R
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Castro Anthony Eleazar -- None Available
Castro Anthony Elfazar $269,000 Fidelity National Title Co
Avenna Inc -- None Available
Clark Wayne -- Pacific Coast Title
Clark Wayne $101,500 Pacific Coast Title
Federal Home Loan Mortgage Corporation $95,931 Accommodation
Espeleta Carlos -- United Title Company
Lopez Delfina -- United Title Company
Lopez Delfina -- United Title Company
Lopez Jose $97,000 Chicago Title Co
Action Asset Management Ltd $60,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation $70,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Anthony Elfazar $264,127
Previous Owner Espeleta Carlos $210,000
Previous Owner Lopez Delfina $147,000
Previous Owner Lopez Jose $96,255
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2014 07/01/14 Sold $269,000 -3.6% $158 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
02/02/2014 02/02/14 For Sale $279,000 +174.9% $164 / Sq Ft
02/11/2013 02/11/13 Sold $101,500 +23.0% $117 / Sq Ft View Prior Sale
01/02/2013 01/02/13 Pending -- -- --
12/21/2012 12/21/12 Price Changed $82,500 -1.3% $95 / Sq Ft
12/17/2012 12/17/12 For Sale $83,600 0.0% $97 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
10/17/2012 10/17/12 For Sale $83,600 -- $97 / 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 $3,457 $323,288 $60,089 $263,199
2023 $3,457 $310,736 $57,756 $252,980
2022 $3,379 $304,644 $56,624 $248,020
2021 $3,359 $298,671 $55,514 $243,157
2020 $3,327 $295,609 $54,945 $240,664
2019 $3,259 $289,814 $53,868 $235,946
2018 $3,153 $284,132 $52,812 $231,320
2017 $3,119 $278,562 $51,777 $226,785
2016 $3,074 $273,101 $50,762 $222,339
2015 $3,047 $269,000 $50,000 $219,000
2014 $1,173 $101,960 $45,204 $56,756
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14023858

California Regional Multiple Listing Service (CRMLS)

APN: 179-201-028