NOT LISTED FOR SALE

5350 Daisy Ave Twentynine Palms, CA 92277

Estimated Value: $151,000 - $280,000

2 Beds
2 Baths
1,392 Sq Ft
$159/Sq Ft Est. Value

Last Sold April 15, 2013

Last sale price $55,000 $40 Per Sq Ft

Est. 302% increase in value since last sale

Current estimated payment $1,323/month

8 Days on Market

Highlights

  • No Interior Steps
  • Bungalow
  • Heating System Uses Natural Gas

About This Home

As of April 2013

Fantastic opportunity to buy two units in the Military town of 29 Palms. Located near Joshua Tree National Park and the world's largest Marine base, this makes it a great rental for a first investment. Each unit is comprised of two bedrooms, one bath with large Livingrooms. This is a turnkey property that is just waiting for you! This is a cash only sale.

Last Agent to Sell the Property

Amy Brick

Brick & Co Real Estate License #01358129 Listed on: 01/10/2013

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,799

Year Built

  • Built in 1959

Lot Details

  • 8,338

Parking

  • 10 Parking Spaces

Home Design

  • 1,392 Sq Ft Home
  • Bungalow
  • Stucco

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Conventional Septic

Additional Features

  • No Interior Steps
  • 8,338 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 4758
  • Assessor Parcel Number 0612261050000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $800
  • Gross Income $16,800
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,799

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 2.18
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 0612261050000
  • Year Built: 1959
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Accessibility Features: No Interior Steps
  • Appliances: No
  • Price Per Square Foot: 39.51

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Conventional Septic

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8338.00
  • Lot Size Acres: 0.1910

Multi Family

  • Gross Income: 16800.00
  • Gross Multiplier: 39.29
  • Gross Scheduled Income: 1400.00
  • Net Operating Income: 1200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 200.00

Tax Info

  • New Taxes Expense: 800.00
  • Tax Area: 19001
  • Tax Lot: 24
  • Tax Tract Number: 4758

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2013
Closed on
Apr 22, 2013
Sold by
Mcnutt David Gerald and Mcnutt Rachel Marie
Bought by
Cua David J and David J Cua Living Trust
Seller's Agent
Amy Brick
Brick & Co Real Estate
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$55,000
Sold Price
$55,000
Current Estimated Value
$221,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,245
Avg. Annual Appreciation
11.78%

Purchase Details

Closed on
Mar 13, 2007
Sold by
Mcnutt David G and Mcnutt Rachel
Bought by
Mcnutt David Gerald and Mcnutt Rachel Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2005
Sold by
Mcnutt David and Mcnutt Rachel
Bought by
Mcnutt David Gerald and Mcnutt Rachel Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2005
Sold by
Felton James L and Felton Melinda C
Bought by
Mcnutt David and Mcnutt Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2005
Sold by
Chandler Bruce A and Chandler Linda K
Bought by
Felton James L and Felton Melinda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2003
Sold by
Mww Properties
Bought by
Chandler Bruce A and Chandler Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2001
Sold by
Wurm Patricia A
Bought by
Mww Properties Llc
Source: Public Records

Range of Values:

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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
Cua David J $40,000 Orange Coast Title Company
Mcnutt David Gerald -- Accommodation
Mcnutt David G -- Pacific Title
Mcnutt David Gerald -- Fidelity National Title Co
Mcnutt David $105,000 Fidelity National Title Co
Felton James L $3,000 Fidelity National Title Co
Chandler Bruce A $700,000 Gateway Title
Mww Properties Llc $35,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnutt David G $95,000
Previous Owner Mcnutt David $89,250
Previous Owner Chandler Bruce A $480,000
Closed Chandler Bruce A $167,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2013 04/15/13 Sold $55,000 0.0% $40 / Sq Ft
01/18/2013 01/18/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $55,000 -- $40 / 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 $1,799 $92,355 $18,470 $73,885
2024 $1,799 $90,544 $18,108 $72,436
2023 $1,702 $88,769 $17,753 $71,016
2022 $1,659 $87,029 $17,405 $69,624
2021 $1,638 $85,323 $17,064 $68,259
2020 $1,616 $84,448 $16,889 $67,559
2019 $1,547 $82,792 $16,558 $66,234
2018 $1,509 $81,168 $16,233 $64,935
2017 $1,486 $79,577 $15,915 $63,662
2016 $1,460 $78,017 $15,603 $62,414
2015 $1,447 $76,845 $15,369 $61,476
2014 $1,223 $75,340 $15,068 $60,272
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1206652

California Regional Multiple Listing Service (CRMLS)

APN: 0612-261-05