NOT LISTED FOR SALE

518 Ferro Ln Paso Robles, CA 93446

Estimated Value: $615,000 - $653,000

2 Beds
1 Bath
1,664 Sq Ft
$383/Sq Ft Est. Value

Last Sold February 15, 2019

Last sale price $420,000 $252 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,809/month

32 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Paso Robles High School Rated A-
  • Beamed Ceilings
  • Living Room

About This Home

As of February 2019

Endless Possibilities with this updated duplex on Paso Robles' East Side with great seller financing! It’s the perfect property for an investor to rent out both units, or it could be ideal for a homeowner to occupy 1 unit & rent the other out for income or have extended family in the 2nd unit! Each unit has 2 bedrooms, 1 bathroom, a private fenced yard & a detached 1 car garage. Upgrades include plumbing, electrical, windows, A/C, flooring, cabinets, appliances, roofing, painting and more! And here’s the best part…the owner will carry the loan for 30 years with $100,000 down at competitive rates! Don't let this unique opportunity get away!

Last Agent to Sell the Property

Brian Thorndyke

GUIDE Real Estate License #01059808 Listed on: 11/19/2018

GUIDE Real Estate

Last Buyer's Agent

Robert Bergman

RE/MAX Parkside Real Estate License #00591045

RE/MAX Parkside Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,613 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Raised Foundation
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,664 Sq Ft Home
  • Beamed Ceilings
  • Living Room

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone, trash collection
  • Assessor Parcel Number 009342013

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $34,500
  • Net Operating Income $34,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: PR City Limits East(110)
  • Property Type: Residential Income
  • Parcel Number: 009342013
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Formica Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Vinyl, Wood
  • Appliances: Yes
  • Price Per Square Foot: 252.40
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Membrane
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7613.00
  • Lot Size Acres: 0.1748

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Gross Income: 34500.00
  • Gross Scheduled Income: 34500.00
  • Lot Size Area: 7613.0000 Square Feet
  • Net Operating Income: 34500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 102.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2018
Closed on
Dec 31, 2018
Sold by
Lynds Christine G and Lynds Robert D
Bought by
Ausien Geoffrey A and Ausien Kate M
Seller's Agent
Brian Thorndyke
GUIDE Real Estate
Buyer's Agent
Robert Bergman
RE/MAX Parkside Real Estate
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Current Estimated Value
$637,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,579
Avg. Annual Appreciation
6.18%
Original Mortgage
$320,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2005
Sold by
Lynds Christine G and Lynds Robert D
Bought by
Lynds Christine G and Lynds Robert D
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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Purchase History

Date Buyer Sale Price Title Company
Ausien Geoffrey A $420,000 Fidelity Natl Title Co
Lynds Christine G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ausien Geoffrey A $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2019 02/15/19 Sold $420,000 -1.2% $252 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
11/19/2018 11/19/18 For Sale $425,000 -- $255 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,107 $468,511 $278,876 $189,635
2024 $5,023 $459,325 $273,408 $185,917
2023 $5,023 $450,320 $268,048 $182,272
2022 $4,949 $441,492 $262,793 $178,699
2021 $4,864 $432,837 $257,641 $175,196
2020 $4,798 $428,400 $255,000 $173,400
2019 $1,367 $121,390 $29,838 $91,552
2018 $1,348 $119,010 $29,253 $89,757
2017 $1,268 $116,678 $28,680 $87,998
2016 $1,243 $114,391 $28,118 $86,273
2015 $1,239 $112,674 $27,696 $84,978
2014 $1,195 $110,468 $27,154 $83,314
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS18277496

California Regional Multiple Listing Service (CRMLS)

APN: 009-342-013