NOT LISTED FOR SALE

480 Amado St Nipomo, CA 93444

Estimated Value: $1,321,449 - $1,664,000

16 Beds
9 Baths
-- Sq Ft
1.6 Acres

Last Sold December 01, 2021

Last sale price $1,100,000

Est. 36% increase in value since last sale

Current estimated payment $8,829/month

195 Days on Market

About This Home

As of December 2021

Nipomo 1.6 Acre Parcel With 9 Separate Rental Units; 8 Houses And 1 Mobile Home. Property Also Generates Billboard Income. All Rental Unit Properties Are Grandfathered Status. Rental Income Information Available From Listing Agents Upon Request. Rental Unit Properties Can Be Repaired But Not Replaced. Prime Billboard Location Next To 101 Freeway.

Last Agent to Sell the Property

Cecilia Phillips

Era Polly Real Estate License #01333614 Listed on: 01/13/2021

Era Polly Real Estate

Co-Listed By

Randy Smith

United Agents License #01219371

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,007

Year Built

  • Built in 1950

Lot Details

  • 1.6 Acre Lot
  • No Common Walls
  • Rural Setting
  • Density is 6-10 Units/Acre

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 9 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 64
  • Assessor Parcel Number 092272007

Community Details

Overview

  • 9 Buildings
  • 9 Units
  • Nipomo Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Trash Expense $150
  • Water Sewer Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,007

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Nipomo(340)
  • Water Sewer Expenses: 800.00
  • Zoning: RSF
  • Property Type: Residential Income
  • Parcel Number: 092272007
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 69696.00
  • Lot Size Acres: 1.6000

Multi Family

  • Gross Scheduled Income: 9375.00
  • Lot Size Area: 1.6000 Acres
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 9
  • Rent Control: No

Tax Info

  • Tax Census Tract: 124.01
  • Tax Lot: 64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Oct 20, 2021
Sold by
Wells Michael T
Bought by
Parma Properties Llc
Seller's Agent
Cecilia Phillips
Era Polly Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Current Estimated Value
$1,492,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,725
Avg. Annual Appreciation
7.89%
Original Mortgage
$675,000
Outstanding Balance
$618,092
Interest Rate
3.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$874,633

Purchase Details

Closed on
Oct 28, 2013
Sold by
Wells Lewis
Bought by
Wells Michael I

Purchase Details

Closed on
Jun 8, 2005
Sold by
Graulich Les J
Bought by
Sandy Acres Estates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,250
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 6, 2005
Sold by
Forest Adam Nathaniel
Bought by
Wells Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,250
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 25, 2001
Sold by
Forest Rachel L
Bought by
Forest Adam Nathaniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
6.98%

Purchase Details

Closed on
Mar 21, 2001
Sold by
Himelsein Leonard and Himelsein Sheila V
Bought by
Forest Adam Nathaniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
6.98%

Purchase Details

Closed on
Sep 2, 1994
Sold by
Collari Lillian C
Bought by
Himelsein Leonard and Himelsein Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
9.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Parma Properties Llc $1,100,000 Wfg National Title Ins Co
Wells Michael I -- None Available
Sandy Acres Estates -- First American Title Co
Wells Michael T $1,000,000 Cuesta Title Company
Forest Adam Nathaniel -- Chicago Title Co
Forest Adam Nathaniel $498,000 Chicago Title Co
Himelsein Leonard $210,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parma Properties Llc $675,000
Previous Owner Wells Michael T $737,250
Previous Owner Forest Adam Nathaniel $423,000
Previous Owner Himelsein Leonard $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2021 12/01/21 Sold $1,100,000 0.0% -- View Prior Sale
12/01/2021 12/01/21 Sold $1,100,000 -8.3% --
07/27/2021 07/27/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $1,200,000 -- --
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 $12,007 $1,167,328 $955,087 $212,241
2024 $11,869 $1,144,440 $936,360 $208,080
2023 $11,869 $1,122,000 $918,000 $204,000
2022 $11,690 $1,100,000 $900,000 $200,000
2021 $9,522 $880,000 $800,000 $80,000
2020 $8,646 $800,000 $720,000 $80,000
2019 $8,765 $800,000 $720,000 $80,000
2018 $8,834 $800,000 $720,000 $80,000
2017 $8,842 $800,000 $720,000 $80,000
2016 $7,389 $695,000 $620,000 $75,000
2015 $6,703 $630,000 $555,000 $75,000
2014 $5,225 $500,000 $425,000 $75,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21007656

California Regional Multiple Listing Service (CRMLS)

APN: 092-272-007