NOT LISTED FOR SALE

Estimated Value: $1,414,000 - $1,716,535

4 Beds
3 Baths
2,154 Sq Ft
$713/Sq Ft Est. Value

Last Sold January 12, 2012

Last sale price $645,000 $299 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $8,900/month

128 Days on Market

Highlights

  • Bamboo Flooring
  • Bungalow
  • No Heating
  • Woodrow Wilson High School Rated A
  • Parking Storage or Cabinetry

About This Home

As of January 2012

Cute triplex in great area - perfect for owner occupant or investment rental! Front unit is a charming upgraded California bungalow with two bedrooms plus an office or den. Owner upgrades include kitchen cabinets, granite countertops, stainless appliances, custom space-saving closets, bamboo flooring, porcelain tile in the kitchen and bath, a refinished tub, smoothed ceilings and redone baseboards. Remodeled in 2002, the attached one bedroom unit has hardwood floors and a private deck, and the detached one bedroom back house is darling and faces the shared courtyard. All units have washer/dryer hook ups. There is a two car garage, private storage area and add'l parking for 2 -3 more cars. The majority of electrical and plumbing has been updated, the roof was redone in 2000, exterior paint in 2003, termite fumigation in 6/2010. DRIVE BY ONLY, TENANTS UNAWARE OF SALE. Back on market - had sold in three days - buyer loved the property, decided to buy in OC instead.

Last Agent to Sell the Property

Lorri Quiett

Vylla Home, Inc. License #01371114 Listed on: 08/12/2011

Last Buyer's Agent

Dana Johnson

DJ Capital Group License #01730165

DJ Capital Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918 | Remodeled

Lot Details

  • 6,500 Sq Ft Lot

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Driveway

Home Design

  • 2,154 Sq Ft Home
  • Bungalow
  • Shingle Roof
  • Composition Roof

Flooring

  • Bamboo
  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 2348
  • Assessor Parcel Number 7257011022

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1918 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7257011022
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Bamboo, Carpet, Stone, Wood
  • Appliances: Yes
  • Price Per Square Foot: 299.44

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Built-In Storage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4240.00
  • Gross Multiplier: 12.68
  • Gross Scheduled Income: 50880.00
  • Lot Size Area: 6500.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3

Tax Info

  • Tax Area: 5500
  • Tax Lot: 21
  • Tax Tract Number: 2348

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2011
Closed on
Nov 30, 2011
Sold by
Bucher Francis J and Bucher Vanessa K
Bought by
Pankey Fred and Pankey Kim
Seller's Agent
Lorri Quiett
Vylla Home, Inc.
Buyer's Agent
Dana Johnson
DJ Capital Group
List Price
$699,000
Sold Price
$645,000
Premium/Discount to List
-$54,000
-7.73%
Current Estimated Value
$1,535,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$890,634
Avg. Annual Appreciation
6.40%
Original Mortgage
$628,649
Outstanding Balance
$438,006
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$1,097,628
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
Pankey Fred $645,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pankey Fred $628,649
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2012 01/12/12 Sold $645,000 -7.7% $299 / Sq Ft
12/18/2011 12/18/11 Pending -- -- --
08/12/2011 08/12/11 For Sale $699,000 -- $325 / 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 $10,549 $810,146 $565,219 $244,927
2024 $10,549 $794,262 $554,137 $240,125
2023 $10,371 $778,689 $543,272 $235,417
2022 $9,742 $763,421 $532,620 $230,801
2021 $9,546 $748,453 $522,177 $226,276
2020 $9,521 $740,779 $516,823 $223,956
2019 $9,411 $726,255 $506,690 $219,565
2018 $9,095 $712,015 $496,755 $215,260
2016 $8,369 $684,368 $477,466 $206,902
2015 $8,034 $674,090 $470,295 $203,795
2014 $7,984 $660,886 $461,083 $199,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P792780

California Regional Multiple Listing Service (CRMLS)

APN: 7257-011-022