NOT LISTED FOR SALE

Estimated Value: $935,000 - $1,013,000

3 Beds
1 Bath
1,075 Sq Ft
$911/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $800,000 $744 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,965/month

33 Days on Market

Highlights

  • RV Access or Parking
  • Eat-In Kitchen
  • Bathtub with Shower
  • No HOA
  • Double Pane Windows
  • Patio

About This Home

As of March 2023

A great residential or development opportunity:
This single-family home could be owner-occupied, and zoning allows for conversion of the detached garage (with alley access) into an ADU. There are double gates for RV access from the alley.

This property is also uniquely suited for multi-family development. The property is zoned RM-3-7 Multiple Residential and is located within the Complete Communities (FAR Tier 4.0) and Linda Vista Community Plans. It has close proximity to USD and the Morena Trolley Station.

The home could be an interim income property while development plans/financing/etc. are finalized, and the two-car garage could be converted to an ADU for additional income.

POWER PRODUCTION: There are solar panels on the roof of the house under a Power Purchase Agreement. Buyer has the option to sign a transfer agreement and assume all rights and obligations of the Power Purchase Agreement. As of 1/30/23, a request is in process for the solar company to remove the system prior to close of escrow.

Last Agent to Sell the Property

Thomas Jansen

Riviera Coast Properties License #01272096 Listed on: 01/30/2023

Last Buyer's Agent

Gareth Tomlinson

LPT Realty,Inc License #02121748

LPT Realty,Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,056

Year Built

  • Built in 1955

Lot Details

  • 4,633 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Density is up to 1 Unit/Acre
  • Property is zoned RM-3-7 Multiple Residenti

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • RV Access or Parking

Home Design

  • Frame Construction
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,075 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Utility Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Tile Bathroom Countertop
  • Bathtub with Shower

Outdoor Features

  • Patio

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Custom
  • Old Town Subdivision

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 430
  • Assessor Parcel Number 4365521100

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,056

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Silver Terrace
  • View: No
  • Zoning: RM-3-7 Multiple Residenti
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4365521100
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1075.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: In Kitchen
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 744.19
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Utility Room
  • Window Features: Double Pane Windows
  • Bathroom Features: Shower In Tub, Main Floor Full Bath, Tile Counters
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Fence: Yes
  • Fencing: Wood
  • Builder Name: Custom
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 46ft x 101ft
  • Lot Size Sq Ft: 4633.00
  • Lot Size Acres: 0.1064
  • Latitude Manual: 32.76680100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4633.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 430

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Feb 16, 2023
Sold by
Arthur E Bowen Trust
Bought by
Thompson Nicholas Clive and Bowers Suzanne Christian
Seller's Agent
Thomas Jansen
Riviera Coast Properties
Buyer's Agent
Gareth Tomlinson
LPT Realty,Inc
List Price
$945,000
Sold Price
$800,000
Premium/Discount to List
-$145,000
-15.34%
Views
59
Current Estimated Value
$979,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,514
Avg. Annual Appreciation
8.10%
Original Mortgage
$400,000
Outstanding Balance
$387,427
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$592,087

Purchase Details

Closed on
Jun 8, 2005
Sold by
Bowen Arthur E
Bought by
Bowen Arthur E

Purchase Details

Closed on
Oct 7, 1999
Sold by
March Veronica Tr
Bought by
Bowen Arthur E
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
Thompson Nicholas Clive $800,000 First American Title
Bowen Arthur E -- --
Bowen Arthur E $201,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Nicholas Clive $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2023 03/30/23 Sold $800,000 -15.3% $744 / Sq Ft
01/30/2023 01/30/23 For Sale $945,000 -- $879 / 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 $10,056 $832,320 $728,280 $104,040
2024 $10,056 $816,000 $714,000 $102,000
2023 $3,680 $291,817 $209,998 $81,819
2022 $3,497 $291,817 $209,998 $81,819
2021 $3,472 $286,096 $205,881 $80,215
2020 $3,429 $283,163 $203,770 $79,393
2019 $3,367 $277,612 $199,775 $77,837
2018 $3,147 $272,169 $195,858 $76,311
2017 $80 $266,833 $192,018 $74,815
2016 $3,019 $261,602 $188,253 $73,349
2015 $2,974 $257,674 $185,426 $72,248
2014 $2,926 $252,627 $181,794 $70,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23014269

California Regional Multiple Listing Service (CRMLS)

APN: 436-552-11