NOT LISTED FOR SALE

Estimated Value: $1,338,000 - $1,478,000

5 Beds
3 Baths
2,368 Sq Ft
$603/Sq Ft Est. Value

Last Sold April 05, 2013

Last sale price $715,000 $302 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $8,401/month

13 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Neighborhood Views
  • Fremont Elementary School Rated A
  • No HOA
  • Bungalow

About This Home

As of April 2013

Great investment / residential two on a lot in Belmont Heights. The front home is a two bedroom one and one half bath bungalow that has been well maintained. It was built in 1922 and upgraded in 1991. The rear unit is a three bedroom two bath that was built in 1991 above the garages. There are three regular garages and one super-sized garage. The super-sized garage was built specifically to house a Class A motorhome and it can also be used for a boat. All of the garages are currently being used by the owner, and none are included in the rental agreements with the tenants. This is a standard sale, not an REO or a short sale, so no need to negotiate with a bank.

Last Agent to Sell the Property

Gene Scott

Vista Pacific Realty License #01318595 Listed on: 02/07/2013

Last Buyer's Agent

Elizabeth Rietveld

Realty One Group West License #00849742

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,153 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Bungalow
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,368 Sq Ft Home
  • Neighborhood Views

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Additional Features

  • Rain Gutters
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 20
  • Tax Tract Number 1
  • Assessor Parcel Number 7254028022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,750
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7254028022
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: One
  • Price Per Square Foot: 301.94
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Foundation: Concrete Perimeter
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6153.00
  • Lot Size Acres: 0.1410

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1053
  • Average3 Bed Area: 1255
  • Gross Income: 3750.00
  • Gross Scheduled Income: 45000.00
  • Lot Size Area: 6153.0000 Square Feet
  • Net Operating Income: 45000.00
  • Number Of Rented Garages: 4
  • 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 Patio: 2
  • Operating Expense: 1.00
  • Rent Control: No
  • Total Actual Rent: 3550.00

Tax Info

  • Tax Lot: 20
  • Tax Tract Number: 1
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2016
Sold by
Wheels John and Wheels Laurie J
Bought by
Wheels John Charles and Wheels Laurie Jean
Current Estimated Value
$1,428,680

Purchase Details

Listed on
Feb 7, 2013
Closed on
Feb 26, 2013
Sold by
Duckworth H Carl
Bought by
Wheels John and Wheels Laurie J
Seller's Agent
Gene Scott
Vista Pacific Realty
Buyer's Agent
Elizabeth Rietveld
Realty One Group West
List Price
$700,000
Sold Price
$715,000
Premium/Discount to List
$15,000
2.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$533,850
Outstanding Balance
$376,724
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$1,051,956
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
Wheels John Charles -- None Available
Wheels John $715,000 Title 365
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wheels John $533,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2013 04/05/13 Sold $715,000 +2.1% $302 / Sq Ft
02/20/2013 02/20/13 Pending -- -- --
02/07/2013 02/07/13 For Sale $700,000 -- $296 / 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 $11,256 $880,460 $615,709 $264,751
2024 $11,256 $863,197 $603,637 $259,560
2023 $11,070 $846,272 $591,801 $254,471
2022 $10,393 $829,680 $580,198 $249,482
2021 $10,186 $813,413 $568,822 $244,591
2020 $10,160 $805,074 $562,990 $242,084
2019 $10,042 $789,289 $551,951 $237,338
2018 $9,728 $773,814 $541,129 $232,685
2016 $8,944 $743,767 $520,117 $223,650
2015 $8,582 $732,596 $512,305 $220,291
2014 $8,521 $718,246 $502,270 $215,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13020045

California Regional Multiple Listing Service (CRMLS)

APN: 7254-028-022