NOT LISTED FOR SALE

Estimated Value: $1,632,000 - $2,224,000

2 Beds
1 Bath
1,328 Sq Ft
$1,436/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $1,052,000 $792 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $11,486/month

13 Days on Market

Highlights

  • North Facing Home
  • 1-Story Property
  • 3-minute walk to Devonshire Park
  • Amy Imai Elementary School Rated A

About This Home

As of June 2022

OFFER DATE: Wednesday, May 25th, 2022 at 5:00 PM. 500 Lambert Way is a two-bedroom/one-bathroom single family home with an attached non-conforming studio unit. The front house is currently being rented on a month-to-month basis. The attached non-confirming unit is being rented out on an annual basis and set to expire in May 2023. The property consists of 1,328 square feet (per county assessor) of living space situated on a 4,200 square foot lot (per county assessor). The square footage of the attached studio unit is unknown and to be verified by buyer. This property yields a monthly rental income of $4,900 and $58,800 annually. 500 Lambert Way is part of a multi-family and single-family portfolio sale. Please refer to 207 Evandale Avenue, 590 Lambert Way and 74 Devonshire Avenue, which are adjacent or next-door to 500 Lambert Way.

Last Agent to Sell the Property

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 05/11/2022

Last Buyer's Agent

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 05/11/2022

Home Details

Home Type

  • Single Family

Year Built

  • 1947

Lot Details

  • 4,199 Sq Ft Lot
  • North Facing Home

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 1,328 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Details

Home Type

Single Family

Year Built

1947

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1328
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1947

Interior Features

  • Living Sq Ft: 1328
  • Stories: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition
  • Property Faces: North

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Parking Area

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 266

Lot Info

  • Lot Acres: 0.0964
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4200.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jun 17, 2022
Sold by
A & F Properties Llc
Bought by
Formosa-Devonshire Llc
Seller's Agent
Jimmy Castellanos
Marcus & Millichap
Buyer's Agent
Jimmy Castellanos
Marcus & Millichap
List Price
$1,150,000
Sold Price
$1,052,000
Premium/Discount to List
-$98,000
-8.52%
Current Estimated Value
$1,907,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,374
Avg. Annual Appreciation
18.36%

Purchase Details

Closed on
May 1, 2013
Sold by
Stroud Whitni Jo
Bought by
A&F Properties Llc

Purchase Details

Closed on
Apr 21, 2004
Sold by
Stroud Whitni Jo and Marholz Whitney
Bought by
Stroud Whitni Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,500
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 1998
Sold by
Mahrholz Paul W and Mahrholz Gertrude
Bought by
Mahrholz Paul W and Mahrholz Whitney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,600
Interest Rate
6.9%

Purchase Details

Closed on
Nov 29, 1993
Sold by
Selby Janet Louise
Bought by
Selby Barton Garrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.89%

Purchase Details

Closed on
Nov 19, 1993
Sold by
Selby Barton Garrett
Bought by
Mahrholz Paul W and Mahrholz Gertrude

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.89%
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
Formosa-Devonshire Llc $4,052,000 Orange Coast Title
A&F Properties Llc $690,000 None Available
Stroud Whitni Jo -- Chicago Title
Mahrholz Paul W -- American Title Co
Selby Barton Garrett -- First American Title Guarant
Mahrholz Paul W $155,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stroud Whitni Jo $381,500
Previous Owner Mahrholz Paul W $187,600
Previous Owner Mahrholz Paul W $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $1,052,000 -8.5% $792 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $1,150,000 -- $866 / 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 $18,267 $1,581,199 $1,379,570 $201,629
2024 $18,267 $1,550,196 $1,352,520 $197,676
2023 $20,941 $1,764,600 $1,632,000 $132,600
2022 $10,664 $870,293 $696,238 $174,055
2021 $10,405 $853,230 $682,587 $170,643
2020 $10,418 $844,482 $675,588 $168,894
2019 $9,983 $827,925 $662,342 $165,583
2018 $9,881 $811,692 $649,355 $162,337
2017 $9,476 $795,777 $636,623 $159,154
2016 $9,188 $780,175 $624,141 $156,034
2015 $8,925 $768,457 $614,766 $153,691
2014 $8,845 $753,405 $602,724 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81891108

MLSListings

APN: 160-10-015