NOT LISTED FOR SALE

535 E Van Bibber Ave Orange, CA 92866

Estimated Value: $1,204,000 - $1,428,000

3 Beds
2 Baths
2,055 Sq Ft
$651/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $1,375,000 $669 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,711/month

61 Days on Market

Highlights

  • Craftsman Architecture
  • Bay Window
  • Sliding Doors
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of May 2024

2 HOMES ON ONE LOT IN OLD TOWNE ORANGE HISTORIC DISTRICT! This rare property consists of a charming front craftsman home built in 1919 with 2 bedrooms, 1 bathroom and modern amenities such as central heat and air conditioning, dual paned windows, indoor washer/dryer hookups and more. There is a small storage area connected to the rear of the front home. Per the assessor's office, the rear home was built in 1981 and has 862 square feet. Approximately 10 years ago the rear home was extensively remodeled. It was originally a 2 bedroom, 1 bathroom dwelling but the current owner modified the home and it now is a 1 bedroom, 1 bathroom home with a living room, remodeled kitchen with giant center island, extensive travertine flooring, crown moldings, custom sliding entry doors, remodeled bathroom, central heat and air conditioning, washer/dryer hookups in the garage and a newer roof. Both the front and back units have their own exterior living spaces. The front home has a front yard, front porch and covered side patio. The rear home has a beautifully landscaped patio area LED lighting, natural gas firepit and an approximately 200 square foot covered patio with 2 Bahama style fans. There is a 2 car garage behind the rear unit which opens into the alley behind the property. The two homes are separated by a gated fence. This stunning property is near Chapman University and is located within walking distance to Old Towne Orange and all the dining, shopping and entertainment it offers!

Last Agent to Sell the Property

Mitch Mills

OC Pro Property Management License #01851578 Listed on: 02/07/2024

Co-Listed By

Jess Castellon

PM South, Inc. License #01904241

Last Buyer's Agent

Elena Deleon

King Realty Group Inc License #01861697

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,900 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Craftsman Architecture
  • Entry on the 1st floor

Interior Spaces

  • 2,055 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Bay Window
  • Sliding Doors
  • Entryway
  • Family Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, trash collection, water
  • Legal Lot and Block 21 / A
  • Tax Tract Number 4
  • Assessor Parcel Number 39042120
  • $522 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Operating Expense $2,500
  • Gross Income $61,940
  • Net Operating Income $61,940

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Architectural Style: Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 39042120
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 669.10
  • Room Type: All Bedrooms Down, Entry, Family Room, Kitchen, Laundry, Main Floor Bedroom
  • Window Features: Bay Window(s)

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1584

Rental Info

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

Multi Family

  • Gross Income: 61940.00
  • Gross Scheduled Income: 64440.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6900.0000 Square Feet
  • Net Operating Income: 61940.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2500.00
  • Rent Control: No
  • Total Actual Rent: 5370.00
  • Total Expenses: 2500.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 759.02
  • Tax Lot: 21
  • Tax Tract Number: 4
  • TaxOtherAnnualAssessmentAmount: 522.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Apr 30, 2024
Sold by
Bohning Ryan and Bohning Aileen
Bought by
Cortes Elise and Cortes Michele
Seller's Agent
Mitch Mills
OC Pro Property Management
Buyer's Agent
Elena Deleon
King Realty Group Inc
List Price
$1,400,000
Sold Price
$1,375,000
Premium/Discount to List
-$25,000
-1.79%
Views
105
Current Estimated Value
$1,337,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,365
Avg. Annual Appreciation
-1.80%
Original Mortgage
$962,500
Interest Rate
7.1%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 7, 2024
Closed on
Apr 19, 2024
Sold by
Cortes Vincent
Bought by
Cortes Michele
Seller's Agent
Mitch Mills
OC Pro Property Management
Buyer's Agent
Elena Deleon
King Realty Group Inc
List Price
$1,400,000
Sold Price
$1,375,000
Premium/Discount to List
-$25,000
-1.79%
Views
105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$962,500
Interest Rate
7.1%
Mortgage Type
Construction

Purchase Details

Closed on
May 20, 2016
Sold by
Bohning Ryan and Bohning Aileen
Bought by
Bohning Ryan and Bohning Aileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2010
Sold by
Dalton Larry M and Dalton Michelle R
Bought by
Bohning Ryan and Cicekdag Aileen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2005
Sold by
Dalton Barbara Helen
Bought by
Dalton Larry M and Dalton Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.67%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 22, 2003
Sold by
Dalton Barbara Helen
Bought by
Dalton Barbara Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,500
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2002
Sold by
Dalton Barbara
Bought by
Dalton Barbara Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,300
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2002
Sold by
Dalton Family Trust
Bought by
Dalton Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,300
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 1996
Sold by
Dalton W C and Dalton Barbara
Bought by
Dalton Barbara

Purchase Details

Closed on
Aug 22, 1995
Sold by
Neckar Edward J and Neckar Jean A
Bought by
Dalton W C and Dalton Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,800
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage
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
Cortes Elise $1,375,000 Ticor Title Company
Cortes Michele -- Ticor Title
Bohning Ryan -- Fidelity National Title
Bohning Ryan $590,000 Fidelity National Title
Dalton Larry M -- Landsafe Title
Dalton Barbara Helen -- Lawyers Title Company
Dalton Barbara Helen -- Lawyers Title Company
Dalton Barbara Helen -- --
Dalton Barbara -- Lawyers Title Company
Dalton Barbara -- --
Dalton Barbara -- --
Dalton W C $209,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cortes Michele $962,500
Previous Owner Bohning Ryan $533,850
Previous Owner Bohning Ryan $472,000
Previous Owner Dalton Larry M $202,500
Previous Owner Dalton Barbara Helen $200,500
Previous Owner Dalton Barbara $190,300
Previous Owner Dalton W C $187,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2024 05/30/24 Sold $1,375,000 0.0% $669 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
04/01/2024 04/01/24 Price Changed $1,375,000 -1.8% $669 / Sq Ft
03/11/2024 03/11/24 Price Changed $1,400,000 0.0% $681 / Sq Ft
03/11/2024 03/11/24 For Sale $1,400,000 +1.8% $681 / Sq Ft
03/01/2024 03/01/24 Off Market $1,375,000 -- --
02/07/2024 02/07/24 For Sale $1,399,000 -- $681 / 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 $8,435 $1,402,500 $1,224,000 $178,500
2024 $8,435 $746,646 $631,684 $114,962
2023 $8,248 $732,006 $619,298 $112,708
2022 $8,088 $717,653 $607,154 $110,499
2021 $7,863 $703,582 $595,249 $108,333
2020 $7,791 $696,368 $589,145 $107,223
2019 $7,694 $682,714 $577,593 $105,121
2018 $7,577 $669,328 $566,268 $103,060
2017 $7,265 $656,204 $555,164 $101,040
2016 $7,053 $643,338 $544,279 $99,059
2015 $6,949 $633,675 $536,103 $97,572
2014 $6,800 $621,263 $525,602 $95,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24027328

California Regional Multiple Listing Service (CRMLS)

APN: 390-421-20