NOT LISTED FOR SALE

Estimated Value: $968,000 - $1,202,000

5 Beds
2 Baths
1,968 Sq Ft
$541/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $475,000 $241 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $6,240/month

36 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Neighborhood Views
  • Bungalow

About This Home

As of June 2013

2 separate house on the same lot, each with it's own 2 car garage. Front house is a 3 bedroom 1 bath with fresh paint, cozy fireplace in living room, partially carpeted and hardwood floors, walk-in bathtub and a separate stall shower in the bathroom, laundry room off the spacious kitchen. Outside there is an inviting covered patio for entertaining and a separate rumpus room. The rear house is a 2 bedroom 1 bath with inside laundry hookups.

Last Agent to Sell the Property

John Torres

Excellence- The Real Estate Center License #00660178 Listed on: 04/08/2013

Last Buyer's Agent

Ramon Sanchez

Century 21 Allstars License #01104461

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,669

Year Built

  • Built in 1946

Lot Details

  • 8,498 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence

Parking

  • 4 Car Garage

Home Design

  • Bungalow
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,968 Sq Ft Home
  • Living Room with Fireplace
  • Neighborhood Views
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 11600
  • Assessor Parcel Number 7160019040

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $7,487
  • Gross Income $1,000
  • Net Operating Income $4,513

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,669

Year Built

Built in 1946

Lot Details

0

Parking

4

Listing Details

  • Inclusions: All attached fixtures
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Lakewood City/Lakewood (LCK)
  • View: Yes
  • Zoning: Lkmfr
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7160019040
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 241.36
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab, Raised
  • View: Neighborhood
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: In Kitchen, Inside
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 8498.00
  • Lot Size Acres: 0.1950

Multi Family

  • Average2 Bed Area: 810
  • Average3 Bed Area: 1158
  • Gross Income: 1000.00
  • Gross Scheduled Income: 12000.00
  • Lot Size Area: 8498.0000 Square Feet
  • Net Operating Income: 4513.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 7487.00
  • Rent Control: No
  • Total Actual Rent: 1000.00

Tax Info

  • New Taxes Expense: 7487.00
  • Tax Lot: 12
  • Tax Tract Number: 11600
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2013
Closed on
May 24, 2013
Sold by
Butters William G and The William E & Suzanne M Butt
Bought by
Quintero Karim and Chacon Renee
Seller's Agent
John Torres
Excellence- The Real Estate Center
Buyer's Agent
Ramon Sanchez
Century 21 Allstars
List Price
$599,000
Sold Price
$475,000
Premium/Discount to List
-$124,000
-20.7%
Current Estimated Value
$1,063,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$588,748
Avg. Annual Appreciation
6.70%
Original Mortgage
$466,371
Interest Rate
3.37%
Mortgage Type
FHA
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
Quintero Karim $475,000 Pacific Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quintero Karim $466,371
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2013 06/28/13 Sold $475,000 -20.7% $241 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $599,000 -- $304 / 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 $7,669 $584,916 $369,423 $215,493
2024 $7,669 $573,448 $362,180 $211,268
2023 $7,521 $562,205 $355,079 $207,126
2022 $7,315 $551,182 $348,117 $203,065
2021 $7,139 $540,376 $341,292 $199,084
2020 $6,980 $534,836 $337,793 $197,043
2019 $7,318 $524,350 $331,170 $193,180
2018 $6,786 $514,070 $324,677 $189,393
2016 $6,087 $494,110 $312,070 $182,040
2015 $5,740 $486,689 $307,383 $179,306
2014 $6,377 $477,156 $301,362 $175,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13062645

California Regional Multiple Listing Service (CRMLS)

APN: 7160-019-040