NOT LISTED FOR SALE

Estimated Value: $1,406,000 - $2,162,000

6 Beds
4 Baths
2,810 Sq Ft
$630/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $1,280,000 $456 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $10,818/month

13 Days on Market

Highlights

  • Ocean View
  • Granite Countertops
  • Storage Room
  • Westmoor High School Rated A-
  • 2 Car Attached Garage
  • Tile Flooring

About This Home

As of March 2017

These units are mirror image of each other with the exception of vaulted ceilings in the living room of #446. Both units feature three bedrooms and two full baths. Hall baths are complete with tiled shower over tub, full vanities with granite counters and tile flooring. Master baths feature tiled stall showers, full vanities with granite counters and tile flooring. Updated kitchens with white cabinetry, granite counters and tile flooring along with white appliances in #444 and stainless steel appliances in #446. The formal dining areas and spacious living rooms with gas fireplaces and partial ocean views make entertaining a must. Full size stack-able washer and dryers in each unit plus a separate enclosed one-car garage with automatic opener for each. Expansive decks and yard areas are great for relaxing and taking in the ocean views. This duplex is a great opportunity for co-owners and/or investors.

Last Agent to Sell the Property

Karon T Knox-Franzella

Berkshire Hathaway Home Services California Realty License #00991488 Listed on: 01/10/2017

Berkshire Hathaway Home Services California Realty

Last Buyer's Agent

Larry Franzella

Berkshire Hathaway Home Services California Realty License #00512797

Berkshire Hathaway Home Services California Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 6,882

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Rolled or Hot Mop Roof
  • Composition Roof

Interior Spaces

  • 2,810 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Washer and Dryer
  • Ocean Views

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Additional Features

  • 6,882 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $68,520

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Manager Expense $4,500
  • Operating Expense $14,700
  • Gross Income $68,520

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2810
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Garbage Disposal, Oven - Built-In, Refrigerator
  • Living Sq Ft: 2810
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile
  • Additional Rooms: Storage

Exterior Features

  • Roof: Composition, Rolled Composition
  • View: Ocean

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1580
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6901.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6901.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.31
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expense Management: 4500
  • Expenses Total: 14700
  • Income Annual Gross: 68520.00
  • Income Annual Rental: 68520
  • Income Gross Scheduled: 68520
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2017
Closed on
Feb 26, 2017
Sold by
Wilson Stuart
Bought by
Lee Michael H and Choe Susan
Seller's Agent
Karon T Knox-Franzella
Berkshire Hathaway Home Services California Realty
Buyer's Agent
Larry Franzella
Berkshire Hathaway Home Services California Realty
List Price
$1,049,000
Sold Price
$1,280,000
Premium/Discount to List
$231,000
22.02%
Current Estimated Value
$1,770,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,209
Avg. Annual Appreciation
3.74%
Original Mortgage
$209,500
Outstanding Balance
$173,825
Interest Rate
4.19%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,596,384

Purchase Details

Closed on
Dec 17, 2009
Sold by
Wilson Stuart K
Bought by
Wilson Stuart

Purchase Details

Closed on
Jul 8, 1999
Sold by
Wilson Stuart K
Bought by
Wilson Stuart K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.37%

Purchase Details

Closed on
Jun 27, 1997
Sold by
Armando Lisa B
Bought by
Armando Vincent T

Purchase Details

Closed on
Feb 8, 1994
Sold by
Armando Vincent T and Armando Lisa B
Bought by
Tinney Aidan and Tinney Deborah

Purchase Details

Closed on
Feb 4, 1994
Sold by
Armando Vincent T and Armando Lisa B
Bought by
Tinney Aidan and Tinney Deborah
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
Lee Michael H $1,280,000 Old Republic Title Company
Wilson Stuart -- None Available
Wilson Stuart K -- Old Republic Title Company
Wilson Stuart K $340,000 --
Armando Vincent T -- Fidelity National Title
Armando Vincent T $15,000 Fidelity National Title
Tinney Aidan -- Fidelity National Title Ins
Tinney Aidan -- American National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Michael H $209,500
Open Lee Michael H $814,500
Previous Owner Wilson Stuart K $306,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $1,280,000 +22.0% $456 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $1,049,000 -- $373 / Sq Ft
Source: MLSListings

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 $18,514 $1,485,547 $905,255 $580,292
2023 $18,514 $1,427,862 $870,103 $557,759
2022 $16,898 $1,399,866 $853,043 $546,823
2021 $17,314 $1,372,418 $836,317 $536,101
2020 $18,355 $1,358,346 $827,742 $530,604
2019 $17,866 $1,331,712 $811,512 $520,200
2018 $16,601 $1,305,600 $795,600 $510,000
2017 $6,393 $450,254 $135,074 $315,180
2016 $5,866 $441,426 $132,426 $309,000
2015 $5,933 $434,796 $130,437 $304,359
2014 $6,591 $426,280 $127,882 $298,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81635226

MLSListings

APN: 009-383-050