NOT LISTED FOR SALE

Estimated Value: $1,085,000 - $1,295,000

2 Beds
2 Baths
1,380 Sq Ft
$873/Sq Ft Est. Value

Last Sold October 13, 2022

Last sale price $1,060,000 $768 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,466/month

17 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Tile Countertops
  • Fremont Elementary School Rated A
  • Wood Frame Window
  • Laundry Room

About This Home

As of October 2022

Adorable classic Belmont Heights Duplex with TWO LARGE one bedroom, one bathroom units with many original architectural features! Each unit has beautiful hardwood floors in the living room, hallway and bedroom, built-ins in the eat in area of the kitchen, and tons of natural light throughout. The property features newer exterior paint, copper plumbing, upgraded electrical panels, and a charming private yard enclosed with vinyl fencing like a single family home. Additional features include a 2-car garage with laundry and a semi-private driveway off the alley. Don't miss this wonderful opportunity in Belmont Heights to own this great Income property!

Last Agent to Sell the Property

Kym Elder

Coldwell Banker Realty License #01320231 Listed on: 08/26/2022

Coldwell Banker Realty

Last Buyer's Agent

Phil Mazzocco

First Team Real Estate License #01775256

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 2,831 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Landscaped
  • Sprinkler System
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Duplex
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Copper Plumbing

Interior Spaces

  • 1,380 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Frame Window
  • Wood Flooring

Kitchen

  • Gas Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, sewer, trash collection
  • Legal Lot and Block 13 / 7
  • Assessor Parcel Number 7255005029

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Belmont Heights Subdivision

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $627
  • Trash Expense $100
  • Water Sewer Expense $500
  • New Taxes Expense $12,000
  • Operating Expense $14,227
  • Gross Income $45,840
  • Net Operating Income $31,613

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 500.00
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7255005029
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 768.12
  • Room Type: Laundry
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 2831.00
  • Lot Size Acres: 0.0650

Rental Info

  • Tenant Pays: Cable TV, Electricity, Sewer, Trash Collection

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Gross Income: 45840.00
  • Gross Scheduled Income: 45840.00
  • Insurance Expense: 627.00
  • Lot Size Area: 2831.0000 Square Feet
  • Net Operating Income: 31613.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14227.00
  • Rent Control: Yes
  • Total Actual Rent: 3820.00
  • Total Expenses: 14227.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Block: 7
  • Tax Census Tract: 5771.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Sep 16, 2022
Sold by
James And Victoria Auld Trust
Bought by
Reusch Paul G and Reusch Janelle M
Seller's Agent
Kym Elder
Coldwell Banker Realty
Buyer's Agent
Phil Mazzocco
First Team Real Estate
List Price
$1,075,000
Sold Price
$1,060,000
Premium/Discount to List
-$15,000
-1.4%
Views
29
Current Estimated Value
$1,205,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,251
Avg. Annual Appreciation
4.11%
Original Mortgage
$590,000
Outstanding Balance
$565,477
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$639,774

Purchase Details

Closed on
Dec 24, 2019
Sold by
Auld James and Auld Victoria
Bought by
Auld James E and Auld Victoria C

Purchase Details

Listed on
Nov 2, 2015
Closed on
Dec 3, 2015
Sold by
Guttman Guy J
Bought by
Auld James and Auld Victoria
Seller's Agent
Greg Bingham
Coldwell Banker Realty
Buyer's Agent
Kym Elder
Coldwell Banker Realty
List Price
$715,000
Sold Price
$700,000
Premium/Discount to List
-$15,000
-2.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$400,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2003
Sold by
Campbell Family Partnership Ltd
Bought by
Guttman Guy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2000
Sold by
Boswell Fox
Bought by
Campbell Family Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
8.86%

Purchase Details

Closed on
Oct 13, 2000
Sold by
Boswell Jan
Bought by
Boswell Fox

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
8.86%

Purchase Details

Closed on
Sep 12, 2000
Sold by
Ketcham Christopher F and Ketcham Wendy
Bought by
Boswell Fox

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
8.86%
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
Reusch Paul G $1,060,000 Ticor Title
Auld James E -- None Available
Auld James $700,000 Equity Title Orange County
Guttman Guy J $485,000 Natc
Campbell Family Partnership -- --
Campbell Family Partnership -- --
Boswell Fox -- Fidelity National Title Co
Boswell Fox $302,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reusch Paul G $590,000
Previous Owner Auld James $400,000
Previous Owner Guttman Guy J $485,000
Previous Owner Boswell Fox $241,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2022 10/13/22 Sold $1,060,000 -1.4% $768 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $1,075,000 0.0% $779 / Sq Ft
06/08/2021 06/08/21 Rented $1,850 0.0% --
06/01/2021 06/01/21 For Rent $1,850 +3.1% --
07/28/2020 07/28/20 Rented $1,795 0.0% --
07/01/2020 07/01/20 For Rent $1,795 0.0% --
06/29/2020 06/29/20 Under Contract -- -- --
06/19/2020 06/19/20 For Rent $1,795 +5.9% --
07/24/2017 07/24/17 Rented $1,695 0.0% --
07/11/2017 07/11/17 For Rent $1,695 0.0% --
07/10/2017 07/10/17 Off Market $1,695 -- --
04/25/2016 04/25/16 Rented $1,595 0.0% --
04/20/2016 04/20/16 Off Market $1,595 -- --
04/06/2016 04/06/16 For Rent $1,595 0.0% --
12/17/2015 12/17/15 Sold $700,000 -2.1% $507 / Sq Ft View Prior Sale
11/11/2015 11/11/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $715,000 -- $518 / 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 $13,812 $1,102,824 $717,876 $384,948
2024 $13,812 $1,081,200 $703,800 $377,400
2023 $13,582 $1,060,000 $690,000 $370,000
2022 $9,665 $780,858 $546,601 $234,257
2021 $9,477 $765,548 $535,884 $229,664
2019 $9,342 $742,844 $519,991 $222,853
2018 $9,107 $728,280 $509,796 $218,484
2016 $8,381 $700,000 $490,000 $210,000
2015 $6,659 $573,750 $390,388 $183,362
2014 $6,612 $562,512 $382,741 $179,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22188432

California Regional Multiple Listing Service (CRMLS)

APN: 7255-005-029