NOT LISTED FOR SALE

5551 Vonnie Ln Cypress, CA 90630

Estimated Value: $768,000 - $1,200,000

5 Beds
3 Baths
2,183 Sq Ft
$458/Sq Ft Est. Value

Last Sold August 21, 2015

Last sale price $730,000 $334 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,385/month

155 Days on Market

Highlights

  • Modern Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Steve Luther Elementary School Rated A-
  • Double Pane Windows
  • 2-minute walk to Mackay Park

About This Home

As of August 2015

Great Cypress Income Property or First Home Buyer with Extra Income. Great Location. Walking Distance to Kennedy High and Walker Jr. High. Cypress Elementary School Dist. Front Unit has 2 Bed/1 Ba ($1,550/month). Each has its own Washer and Dryer hook-ups. Rear Unit is perfect for the 1st time home buyer. Rear unit was built on 2007 and is 2 story w/ 3 Bed/2.5 Ba ($2,100/Month) w/ direct access from 2 car garage and has laminated wood floor with central air condition. Each unit has 2 car garage. Front yard enclosed in fence and has block walls on 3 sides.

Last Agent to Sell the Property

John Chun

Century Real Estate Group License #01192544 Listed on: 02/10/2015

Last Buyer's Agent

Maggie Shapiro

Keller Williams Coastal Prop. License #01299535

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,739

Year Built

  • Built in 1947

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150
  • No Common Walls
  • Block Wall Fence

Parking

  • 4 Car Garage

Home Design

  • Modern Architecture
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,183 Sq Ft Home
  • Double Pane Windows
  • Laminate Flooring
  • Free-Standing Range
  • 220 Volts In Laundry

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Water Heater
  • Sewer Paid
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 51
  • Tax Tract Number 1177
  • Assessor Parcel Number 26246235

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $300
  • Insurance Expense $732
  • Water Sewer Expense $900
  • New Taxes Expense $5,627
  • Gross Income $3,650
  • Net Operating Income $36,241

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,739

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Other Phone Number: 7144581372
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 900.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 26246235
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 334.40
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Phone Available, Water Connected
  • Heating: Yes
  • Appliances: Free-Standing Range, Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Forced Air, Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size: 50x150
  • Lot Size Sq Ft: 7500.00
  • Price Per Lot Square Foot: 97.33
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 855
  • Average3 Bed Area: 1328
  • Gross Income: 3650.00
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 732.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 36241.00
  • 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: 7559.00
  • Rent Control: No
  • Total Actual Rent: 3500.00

Tax Info

  • New Taxes Expense: 5627.00
  • Tax Area: 19000
  • Tax Lot: 51
  • Tax Tract Number: 1177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2015
Closed on
Jul 31, 2015
Sold by
Chun John Y and Chun Dolly Y
Bought by
Carnegie William S and Carnegie Sherie L
Seller's Agent
John Chun
Century Real Estate Group
Buyer's Agent
Maggie Shapiro
Keller Williams Coastal Prop.
List Price
$788,900
Sold Price
$730,000
Premium/Discount to List
-$58,900
-7.47%
Current Estimated Value
$1,000,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,393
Avg. Annual Appreciation
3.58%
Original Mortgage
$511,000
Outstanding Balance
$406,542
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$624,649

Purchase Details

Closed on
Dec 15, 2004
Sold by
Gattis John V and Gattis Jody L
Bought by
Chun John Y and Chun Dolly Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.47%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 29, 2004
Sold by
Gattis John V
Bought by
Gattis John V and Gattis Jody L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.31%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 20, 1998
Sold by
Alverson Steven T and Alverson Barbara M
Bought by
Gattis John V and Gittis Jody L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,620
Interest Rate
6.69%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Carnegie William S $730,000 Chicago Title Company
Chun John Y $390,000 Old Republic Title Company
Gattis John V -- Gateway Title Orange
Gattis John V -- Gateway Title Orange
Gattis John V -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carnegie William S $511,000
Previous Owner Chun John Y $521,500
Previous Owner Chun John Y $100,000
Previous Owner Chun John Y $312,000
Previous Owner Gattis John V $225,000
Previous Owner Gattis John $185,000
Previous Owner Gattis John V $148,620
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2015 08/21/15 Sold $730,000 -7.5% $334 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $788,900 -- $361 / 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
2024 $9,739 $847,225 $611,173 $236,052
2023 $9,518 $830,613 $599,189 $231,424
2022 $9,410 $814,327 $587,440 $226,887
2021 $9,288 $798,360 $575,921 $222,439
2020 $9,253 $790,174 $570,015 $220,159
2019 $8,991 $774,681 $558,838 $215,843
2018 $8,871 $759,492 $547,881 $211,611
2017 $8,566 $744,600 $537,138 $207,462
2016 $8,496 $730,000 $526,605 $203,395
2015 $7,571 $640,956 $412,435 $228,521
2014 $5,628 $484,050 $264,455 $219,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15029223

California Regional Multiple Listing Service (CRMLS)

APN: 262-462-35