NOT LISTED FOR SALE

Estimated Value: $2,948,218 - $3,693,000

2 Beds
1 Bath
784 Sq Ft
$4,278/Sq Ft Est. Value

Last Sold September 06, 2012

Last sale price $1,450,000 $1,849 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $19,451/month

15 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Bungalow
  • Harbor View Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Begonia Park

About This Home

As of September 2012

Great duplex in an ideal location in Corona del Mar. The front unit is 2 bedroom 1 bathroom. The rear unit is a remodeled 2 bedroom 1 bathroom with a large deck with ocean view. There is also a studio below. Great investment property!

Last Agent to Sell the Property

Susan Weir

Berkshire Hathaway Homeservice License #01109388 Listed on: 07/10/2012

Berkshire Hathaway Homeservice

Co-Listed By

Carter Weir

Berkshire Hathaway Homeservice License #01455381

Last Buyer's Agent

Casey Lesher

Christie's International R.E. Southern California License #01795953

Christie's International R.E. Southern California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,961

Year Built

  • Built in 1950

Lot Details

  • 3,402

Parking

  • 2 Car Garage
  • Rear-Facing Garage

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • Decorative Fireplace
  • Fireplace With Gas Starter
  • Ocean Views

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Additional Features

  • Ocean Side of Freeway
  • 3,402 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 12 / 332
  • Tax Tract Number 186
  • Assessor Parcel Number 45911505

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,961

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • View: Yes
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 45911505
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Appliances: No
  • Fireplace Features: Decorative, Gas Starter
  • Levels: Two

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Dishwasher, Disposal
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3402.00
  • Lot Size Acres: 0.0780

Multi Family

  • Gross Multiplier: 249.83
  • Lot Size Area: 3402.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Number With Disposal: 2
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Area: 07001
  • Tax Block: 332
  • Tax Lot: 12
  • Tax Tract Number: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2012
Closed on
Aug 21, 2012
Sold by
Reese Joanne
Bought by
Lanza Chris
Seller's Agent
Susan Weir
Berkshire Hathaway Homeservice
Buyer's Agent
Casey Lesher
Christie's International R.E. Southern California
List Price
$1,499,000
Sold Price
$1,450,000
Premium/Discount to List
-$49,000
-3.27%
Current Estimated Value
$3,354,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,904,305
Avg. Annual Appreciation
7.07%
Original Mortgage
$1,087,500
Interest Rate
4.37%
Mortgage Type
New Conventional
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
Lanza Chris $1,450,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanza Chris $1,158,000
Closed Lanza Chris $1,125,000
Closed Lanza Chris $1,087,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2012 09/06/12 Sold $1,450,000 -3.3% $1,849 / Sq Ft
07/25/2012 07/25/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $1,499,000 -- $1,912 / 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 $18,961 $1,785,566 $1,656,202 $129,364
2024 $18,961 $1,750,555 $1,623,727 $126,828
2023 $18,515 $1,716,231 $1,591,889 $124,342
2022 $18,204 $1,682,580 $1,560,676 $121,904
2021 $17,857 $1,649,589 $1,530,075 $119,514
2020 $17,685 $1,632,675 $1,514,386 $118,289
2019 $17,324 $1,600,662 $1,484,692 $115,970
2018 $16,981 $1,569,277 $1,455,580 $113,697
2017 $16,682 $1,538,507 $1,427,039 $111,468
2016 $16,309 $1,508,341 $1,399,058 $109,283
2015 $16,154 $1,485,685 $1,378,043 $107,642
2014 $15,774 $1,456,583 $1,351,049 $105,534
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12002768

California Regional Multiple Listing Service (CRMLS)

APN: 459-115-05