NOT LISTED FOR SALE

5531 Cahuilla Ave Twentynine Palms, CA 92277

Estimated Value: $222,497 - $266,000

2 Beds
1 Bath
1,334 Sq Ft
$178/Sq Ft Est. Value

Sale Details

Date Sold: February 8, 2018

Last sale price $110,000 $82 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,448 / mo

14 Days on Market

Highlights

  • Desert View
  • Double Pane Windows
  • South Facing Home
  • Ranch Style House
  • Laundry Room
  • Chain Link Fence

About This Home

As of February 2018

2 Bedroom , 2 Bathroom units with 1 car garage, washer/dryer hookups, and fenced in yards. Great Rental potential

Last Agent to Sell the Property

Heidi Marshall

Libby's Realty License #01204872 Listed on: 12/22/2017

Last Buyer's Agent

NonMember Paradise

Non-Member Office Paradise License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,895 Sq Ft Lot
  • 1 Common Wall
  • Desert faces the front and back of the property
  • South Facing Home
  • Chain Link Fence

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Ranch Style House
  • Property Attached

Interior Spaces

  • 1,334 Sq Ft Home
  • Double Pane Windows
  • Desert Views
  • Gas Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Suburban Location
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 57
  • Tax Tract Number 4098
  • Assessor Parcel Number 0612303160000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $700
  • Professional Management Expense $1,380
  • Trash Expense $396
  • Water Sewer Expense $360
  • New Taxes Expense $1,500
  • Operating Expense $4,336
  • Gross Income $13,800
  • Net Operating Income $11,784

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

8,895 Sq Ft Lot

Parking

2

Listing Details

  • Professional Management Expense: 1380.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 360.00
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 0612303160000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Price Per Square Foot: 82.46
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • View: Desert
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 396.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back, Desert Front
  • Lot Size Sq Ft: 8895.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 13800.00
  • Gross Scheduled Income: 13800.00
  • Insurance Expense: 700.00
  • Net Operating Income: 11784.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2016.00
  • Rent Control: No
  • Total Expenses: 4336.00

Tax Info

  • New Taxes Expense: 1500.00
  • Tax Census Tract: 104.15
  • Tax Lot: 57
  • Tax Tract Number: 4098

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2018
Sold by
Potter Luke A
Bought by
L And R Management Services Inc
Current Estimated Value
$237,374

Purchase Details

Listed on
Dec 22, 2017
Closed on
Jan 23, 2018
Sold by
Clark Ronald L
Bought by
Potter Luke A and Potter Rosa M
Seller's Agent
Heidi Marshall
Libby's Realty
Buyer's Agent
NonMember Paradise
Non-Member Office Paradise
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%
Original Mortgage
$82,500
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 1998
Sold by
Shay John M
Bought by
Clark Ronald L and Clark Joan L
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
L And R Management Services Inc -- None Available
Potter Luke A $110,000 Wfg National Title Company
Clark Ronald L $10,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Potter Luke A $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2018 02/08/18 Sold $110,000 -8.3% $82 / Sq Ft
01/05/2018 01/05/18 Pending -- -- --
12/22/2017 12/22/17 For Sale $120,000 0.0% $90 / Sq Ft
12/05/2014 12/05/14 Rented $550 0.0% --
11/05/2014 11/05/14 Under Contract -- -- --
10/10/2014 10/10/14 For Rent $550 -- --
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 $2,251 $122,707 $33,465 $89,242
2024 $2,112 $120,301 $32,809 $87,492
2023 $2,009 $117,942 $32,166 $85,776
2022 $1,959 $115,629 $31,535 $84,094
2021 $1,936 $113,362 $30,917 $82,445
2020 $1,911 $112,200 $30,600 $81,600
2019 $1,838 $110,000 $30,000 $80,000
2018 $705 $48,631 $5,404 $43,227
2017 $695 $47,677 $5,298 $42,379
2016 $682 $46,742 $5,194 $41,548
2015 $682 $46,040 $5,116 $40,924
2014 $678 $45,138 $5,016 $40,122
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT17279043

California Regional Multiple Listing Service (CRMLS)

APN: 0612-303-16

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