NOT LISTED FOR SALE

Estimated Value: $496,181 - $675,000

4 Beds
3 Baths
588 Sq Ft
$970/Sq Ft Est. Value

Last Sold June 07, 2012

Last sale price $219,000 $372 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $3,238/month

3 Days on Market

Highlights

  • Bungalow
  • No Heating
  • 4-minute walk to Conservation Park
  • Wood Siding

About This Home

As of June 2012

It's all about LOCATION! This attractive duplex is in one of Ontario's finest rental areas and is set among many nice single family homes. Tenant's love this quiet setting and will stay forever. The current ones have been there for 2+ years. It sits right next to Laverne College of Law and is walking distance to downtown, shopping, etc. But wait, it gets better inside. The units were recently remodeled with new kitchens, new baths, new doors, new tile flooring, new mirrored wardrobe doors, new light fixtures. etc. Tenants love it! No remodeling to do - No hard fix-up work here, it is already done. And, rents seem way below market. Can you believe only $950 for a 3 bedroom 2 bath? The seller's loss is your gain! One unit is a 3 bedroom/2 bath and the other is 1 bedroom/1 bath. Both units have a 1 car garage. You have to see it to believe it.

Last Agent to Sell the Property

Greg Kamin

Sun Tag Properties License #01173655 Listed on: 04/15/2012

Last Buyer's Agent

EUNICE LOPEZ

AMG REAL ESTATE License #00938464

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,966

Year Built

  • Built in 1925

Lot Details

  • 3,236 Sq Ft Lot
  • Lot Dimensions are 67x48.33

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Wood Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Block 19
  • Assessor Parcel Number 1048364070000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,700
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,966

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 9.32
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 1048364070000
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 67x48.33
  • Lot Size Sq Ft: 3236.00
  • Lot Size Acres: 0.0740

Multi Family

  • Gross Income: 1700.00
  • Gross Multiplier: 10.74
  • Gross Scheduled Income: 20400.00
  • Lot Size Area: 3236.0000 Square Feet
  • Net Operating Income: 20400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1

Tax Info

  • Tax Area: 4051
  • Tax Block: 19
  • Tax Lot: 0.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2012
Closed on
Apr 18, 2012
Sold by
Wamu Servicing Lp
Bought by
Lee Walton and Lee Nancy
Seller's Agent
Greg Kamin
Sun Tag Properties
Buyer's Agent
EUNICE LOPEZ
AMG REAL ESTATE
List Price
$219,000
Sold Price
$219,000
Current Estimated Value
$570,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,295
Avg. Annual Appreciation
7.41%
Original Mortgage
$164,250
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2012
Sold by
Marroquin Jose M
Bought by
Wamu Servicing Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2006
Sold by
Marroquin Nicole Irma
Bought by
Helvey Harlan

Purchase Details

Closed on
Jun 22, 2005
Sold by
Helvey Harlan
Bought by
Maroquin Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 1, 2002
Sold by
Marroquin Jose M
Bought by
Marroquin Jose M and Helvey Harlan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,502
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2002
Sold by
Marroquin Jose
Bought by
Marroquin Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,502
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1999
Sold by
Cupertino National Bank
Bought by
Marroquin Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.7%

Purchase Details

Closed on
Mar 19, 1998
Sold by
Perez Robert
Bought by
Cupertino National Bank

Purchase Details

Closed on
Aug 3, 1994
Sold by
Perez Estela
Bought by
Perez Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.65%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lee Walton $219,000 Ticor Title Company
Wamu Servicing Lp $141,100 Accommodation
Helvey Harlan -- Investors Title
Maroquin Jose M -- Southland Title Of Burbank
Marroquin Jose M -- --
Marroquin Jose M -- Fidelity National Title Ins
Marroquin Jose M $60,000 First American Title Ins Co
Cupertino National Bank $115,587 Lawyers Title Company
Perez Robert -- Commonwealth Land Title Co
Perez Robert $120,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Walton $164,250
Previous Owner Maroquin Jose M $260,000
Previous Owner Marroquin Jose M $68,502
Previous Owner Marroquin Jose M $178,500
Previous Owner Marroquin Jose M $60,000
Previous Owner Perez Robert $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2012 06/07/12 Sold $219,000 0.0% $372 / Sq Ft
04/18/2012 04/18/12 Pending -- -- --
04/15/2012 04/15/12 For Sale $219,000 -- $372 / 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 $2,966 $275,076 $69,084 $205,992
2024 $2,966 $269,682 $67,729 $201,953
2023 $2,883 $264,394 $66,401 $197,993
2022 $2,845 $259,210 $65,099 $194,111
2021 $2,827 $254,128 $63,823 $190,305
2020 $2,777 $251,523 $63,169 $188,354
2019 $2,754 $246,591 $61,930 $184,661
2018 $2,716 $241,756 $60,716 $181,040
2017 $2,618 $237,015 $59,525 $177,490
2016 $2,515 $232,368 $58,358 $174,010
2015 $2,498 $228,877 $57,481 $171,396
2014 $2,421 $224,394 $56,355 $168,039
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P818759

California Regional Multiple Listing Service (CRMLS)

APN: 1048-364-07