NOT LISTED FOR SALE

508 N Spring Ave Compton, CA 90221

Estimated Value: $595,886 - $805,000

3 Beds
3 Baths
1,987 Sq Ft
$367/Sq Ft Est. Value

Last Sold November 20, 2013

Last sale price $300,000 $151 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $5,020/month

1 Day on Market

About This Home

As of November 2013

Standard Sale!! Recently upgraded.

Last Agent to Sell the Property

GERARDO CORONA

DIVERSIFIED WORKS License #00941523 Listed on: 06/10/2013

Last Buyer's Agent

GERARDO CORONA

DIVERSIFIED WORKS License #00941523 Listed on: 06/10/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,499 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,987 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 5085
  • Assessor Parcel Number 6166021009

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $960
  • Insurance Expense $849
  • Trash Expense $960
  • Water Sewer Expense $600
  • New Taxes Expense $3,937
  • Gross Income $1,680
  • Net Operating Income $2,256

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 6166021009
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 150.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6499.00
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 960.00
  • Gross Income: 1680.00
  • Gross Scheduled Income: 2400.00
  • Insurance Expense: 849.00
  • Lot Size Area: 6499.0000 Square Feet
  • Net Operating Income: 2256.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 144.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3937.00
  • Tax Lot: 11
  • Tax Tract Number: 5085
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2017
Sold by
Moreno Carlos
Bought by
Garcia Patricia Paula
Current Estimated Value
$728,472

Purchase Details

Listed on
Jun 10, 2013
Closed on
Nov 13, 2013
Sold by
Guerrero Ivonne
Bought by
Moreno Carlos
Seller's Agent
GERARDO CORONA
DIVERSIFIED WORKS
Buyer's Agent
GERARDO CORONA
DIVERSIFIED WORKS
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$294,566
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2012
Sold by
Ruano Bertha L
Bought by
Guerrero Ivonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2010
Sold by
Ruano Bertha L
Bought by
Esparza Rebeca

Purchase Details

Closed on
Nov 8, 2006
Sold by
Esparza Rebeca
Bought by
Ruano Bertha L

Purchase Details

Closed on
Sep 28, 2006
Sold by
Ruano Berthl L
Bought by
Esparza Rebeca

Purchase Details

Closed on
Aug 30, 2004
Sold by
Weaver Christopher
Bought by
Ruano Bertha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,920
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2003
Sold by
Barra Rose and The Rose Barra Trust
Bought by
Weaver Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,817
Interest Rate
5.15%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garcia Patricia Paula -- None Available
Moreno Carlos $300,000 Chicago Title Company
Guerrero Ivonne $175,000 Chicago Title Company
Ruano Bertha L -- Chicago Title Company
Esparza Rebeca -- None Available
Ruano Bertha L -- Chicago Title Co
Esparza Rebeca -- Chicago Title Co
Esparza Rebeca -- None Available
Ruano Bertha L $400,000 Fidelity National Title Comp
Weaver Christopher $206,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moreno Carlos $294,566
Previous Owner Guerrero Ivonne $137,000
Previous Owner Ruano Bertha L $319,920
Previous Owner Weaver Christopher $202,817
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2013 11/20/13 Sold $300,000 -4.8% $151 / Sq Ft
06/11/2013 06/11/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $315,000 +96.9% $159 / Sq Ft
02/29/2012 02/29/12 Sold $160,000 -15.3% $81 / Sq Ft View Prior Sale
12/05/2011 12/05/11 Pending -- -- --
11/21/2011 11/21/11 For Sale $189,000 -- $95 / 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 $14,433 $489,262 $244,631 $244,631
2024 $14,433 $479,670 $239,835 $239,835
2023 $14,284 $470,266 $235,133 $235,133
2022 $12,792 $461,046 $230,523 $230,523
2021 $12,869 $452,006 $226,003 $226,003
2020 $12,726 $447,372 $223,686 $223,686
2019 $12,633 $438,600 $219,300 $219,300
2018 $12,398 $430,000 $215,000 $215,000
2017 $5,789 $316,872 $158,436 $158,436
2016 $5,660 $310,660 $155,330 $155,330
2015 $5,412 $305,994 $152,997 $152,997
2014 $5,622 $300,000 $150,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    GERARDO CORONA

    DIVERSIFIED WORKS

    (562) 463-9919

    1 in this area

    24 Total Sales

    GERARDO CORONA
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB13110047

California Regional Multiple Listing Service (CRMLS)

APN: 6166-021-009

California Los Angeles County Compton 90221

508 N Spring Ave, Compton, CA

Not Listed for Sale

MultiFamily

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