NOT LISTED FOR SALE

509 W Laurel St Compton, CA 90220

Estimated Value: $679,000 - $899,000

5 Beds
3 Baths
1,856 Sq Ft
$425/Sq Ft Est. Value

Last Sold November 06, 2014

Last sale price $380,000 $205 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $5,007/month

4 Days on Market

Highlights

  • City Lights View
  • Laundry Room
  • Wrought Iron Fence
  • Wood Flooring
  • Formal Entry
  • Level Lot

About This Home

As of November 2014

Back to the market ... Featured listing for your viewing pleasure and great buying potential is this charming remodeled duplex close to Compton City Hall. The first Home features 2 bedrooms with new carpet and one bath with new paint, carpet, new toilet with tile walls and flooring, It also has an upgraded kitchen,granite counter tops. The roof is a newer roof, inside laundry room a separate green area on the side and the front of the home for family enjoyment.
The rear duplex features a 3 bedrooms and 2 bath home. With tile and wood flooring, and upgrades as well, it has a back patio and 3 parking spaces all gated. The garage has space for 2 cars. This units are definitely ideal for live in one and rent the other or ideal investment.

Last Agent to Sell the Property

Araceli Reyes

Tower Agency License #01484848 Listed on: 10/09/2014

Tower Agency

Last Buyer's Agent

Laura Navarro

Century 21 Realty Masters License #01488614

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,602

Year Built

  • Built in 1945

Lot Details

  • 6,260 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Uncovered Parking

Home Design

  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 1,856 Sq Ft Home
  • Formal Entry
  • Wood Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 48
  • Tax Tract Number 11908
  • Assessor Parcel Number 6161019012

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Electric Expense $30
  • Insurance Expense $800
  • Supplies Expense $500
  • Water Sewer Expense $250
  • New Taxes Expense $5,602
  • Gross Income $2,800
  • Net Operating Income $3,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,602

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Supplies Expense: 500.00
  • View: Yes
  • Water Sewer Expenses: 250.00
  • Property Type: Residential Income
  • Parcel Number: 6161019012
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Wood
  • Price Per Square Foot: 204.74
  • Room Type: Formal Entry

Exterior Features

  • View: City Lights
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Sewer Assessments
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6260.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 30.00
  • Gross Income: 2800.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6260.0000 Square Feet
  • Net Operating Income: 3500.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3500.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5602.00
  • Tax Lot: 48
  • Tax Tract Number: 11908
  • Tax Annual Amount: 5602.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2014
Closed on
Oct 22, 2014
Sold by
Delgado Jose Escequiel
Bought by
Sanchez Karen
Seller's Agent
Araceli Reyes
Tower Agency
Buyer's Agent
Laura Navarro
Century 21 Realty Masters
List Price
$359,900
Sold Price
$380,000
Premium/Discount to List
$20,100
5.58%
Current Estimated Value
$788,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,927
Avg. Annual Appreciation
6.77%
Original Mortgage
$373,117
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2014
Sold by
Ontiveros Noe
Bought by
Garcia Carmen and Sanchez Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,117
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 26, 2012
Closed on
Apr 20, 2012
Sold by
Victory Acquistions Llc
Bought by
Ontiveros Noe
Seller's Agent
Carlos Hidalgo
Re/Max Top Producers
Buyer's Agent
Carlos Hidalgo
Re/Max Top Producers
List Price
$309,900
Sold Price
$300,000
Premium/Discount to List
-$9,900
-3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$292,395
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Victory Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2010
Sold by
Camorlinga Isreal
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 26, 2007
Sold by
Camorlinga Rosa Maria
Bought by
Camorlinga Israel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 1995
Sold by
Camorlinga Ricardo and Camorlinga Francisco
Bought by
Camorlinga Israel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
9.21%
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
Sanchez Karen -- Lawyers Title
Garcia Carmen $380,000 Lawyers Title
Ontiveros Noe $300,000 Calcounties Title Nation
Victory Acquisitions Llc $200,000 Lsi Title Company
Federal Home Loan Mortgage Corporation $361,363 Servicelink
Camorlinga Israel -- Lawyers Title
Camorlinga Israel -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Karen $373,117
Previous Owner Ontiveros Noe $292,395
Previous Owner Victory Acquisitions Llc $100,000
Previous Owner Camorlinga Israel $378,000
Previous Owner Camorlinga Israel $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2014 11/06/14 Sold $380,000 +5.6% $205 / Sq Ft
08/22/2014 08/22/14 Pending -- -- --
08/18/2014 08/18/14 For Sale $359,900 +20.0% $194 / Sq Ft
05/03/2012 05/03/12 Sold $300,000 -3.2% $162 / Sq Ft View Prior Sale
04/04/2012 04/04/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $309,900 -- $167 / 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 $10,482 $570,381 $277,500 $292,881
2024 $10,482 $559,198 $272,059 $287,139
2023 $10,336 $548,234 $266,725 $281,509
2022 $7,433 $430,354 $141,563 $288,791
2021 $7,507 $421,917 $138,788 $283,129
2019 $7,289 $409,404 $134,672 $274,732
2018 $7,080 $401,378 $132,032 $269,346
2016 $6,732 $385,794 $126,906 $258,888
2015 $6,430 $380,000 $125,000 $255,000
2014 $5,303 $307,388 $153,694 $153,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14179280

California Regional Multiple Listing Service (CRMLS)

APN: 6161-019-012