NOT LISTED FOR SALE

5223 Palma Ave Atascadero, CA 93422

Estimated Value: $615,000 - $1,340,000

10 Beds
2 Baths
1,422 Sq Ft
$584/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $379,000 $267 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $4,942/month

13 Days on Market

About This Home

As of June 2016

Marketing Remarks: Such an opportunity! Classic California Bungalow duplex available for the first time in over 15 years! Two 1 bedroom, 1 bathroom units with classic oak floors, period tile and lath/plaster coved ceilings. Great entry level, professionally managed income property. 2nd unit has downstairs laundry hookups & additional storage area. Detached garage w/ extra carport spaces. Large lot with established oak trees. Close to schools, shopping and highway access. Get it before it goes away!

Last Agent to Sell the Property

Scott Taylor

Keller Williams Realty Santa Barbara License #01864709 Listed on: 04/06/2016

Co-Listed By

Linda Kiaha

Big Block Realty, Inc. License #01254598

Last Buyer's Agent

Tim Townley

Comet Realty License #01717361

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 0.26 Acre Lot
  • Paved or Partially Paved Lot
  • Lot Sloped Down

Home Design

  • 1,422 Sq Ft Home
  • Raised Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 10 Bedrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • Parking Available
  • Covered Parking

Utilities

  • Wall Furnace
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $20,824

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 029301038

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0.26 Acres

Listing Details

  • Subdivision Name Other: ATNorthwest(20)
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 029301038
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 266.53

Exterior Features

  • Foundation: Raised
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup

Lot Info

  • Lot Features: Sloped Down, Paved
  • Lot Size Sq Ft: 11400.00
  • Lot Size Acres: 0.2600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Operating Income: 20824.00
  • Lot Size Area: 0.2600 Acres
  • Number Of Units Total: 2
  • Operating Expense: 9307.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2020
Sold by
Genova Nicholas T and Genova Brittni L
Bought by
Genova Nicholas T and Genova Brittni L
Current Estimated Value
$830,428

Purchase Details

Listed on
Apr 6, 2016
Closed on
Apr 26, 2016
Sold by
Lewellen Royce R
Bought by
Genova Nicholas T and Genova Brittni L
Seller's Agent
Scott Taylor
Keller Williams Realty Santa Barbara
Buyer's Agent
Tim Townley
Comet Realty
List Price
$399,000
Sold Price
$379,000
Premium/Discount to List
-$20,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$284,250
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2006
Sold by
Baum L Paul
Bought by
Lewellen Royce R

Purchase Details

Closed on
Nov 23, 1999
Sold by
Lewellen Royce R
Bought by
Lewellen Royce R and Paul Baum L
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
Genova Nicholas T -- None Available
Genova Nicholas T $379,000 First American Title Company
Lewellen Royce R -- None Available
Lewellen Royce R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Genova Nicholas T $284,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2016 06/24/16 Sold $379,000 -5.0% $267 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $399,000 -- $281 / 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 $6,045 $448,652 $236,756 $211,896
2024 $6,043 $439,856 $232,114 $207,742
2023 $6,043 $431,232 $227,563 $203,669
2022 $5,798 $422,777 $223,101 $199,676
2021 $5,549 $414,488 $218,727 $195,761
2020 $11,160 $410,239 $216,485 $193,754
2019 $10,938 $402,196 $212,241 $189,955
2018 $10,766 $394,311 $208,080 $186,231
2017 $10,678 $386,580 $204,000 $182,580
2016 $3,642 $276,533 $153,617 $122,916
2015 $3,594 $272,380 $151,310 $121,070
2014 $3,325 $267,046 $148,347 $118,699
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Scott Taylor

    Keller Williams Realty Santa Barbara

    (805) 540-4825

    3 in this area

    44 Total Sales

    Scott Taylor
    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Linda Kiaha

    Big Block Realty, Inc.

    Section Image
  • Tim Townley

    Buyer's Agent in 2016

    Tim Townley

    Comet Realty

    (805) 440-8735

    2 in this area

    23 Total Sales

    Tim Townley
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1065293

California Regional Multiple Listing Service (CRMLS)

APN: 029-301-038

California San Luis Obispo County Atascadero 93422

5223 Palma Ave, Atascadero, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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