NOT LISTED FOR SALE

5571 Newman St Cypress, CA 90630

Estimated Value: $713,000 - $1,146,000

2 Beds
2 Baths
1,429 Sq Ft
$634/Sq Ft Est. Value

Last Sold January 11, 2016

Last sale price $580,000 $406 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,388/month

59 Days on Market

Highlights

  • 7 Car Attached Garage
  • Ceiling Fan
  • 1-Story Property
  • Juliet Morris Elementary School Rated A

About This Home

As of January 2016

Two separate detached SFR on a sizable flat lot. The front house is 2+1 @ approximately 621 SF built in 1948 with its own private front and backyard and patio area. Woodflooring in the living room and carpted bedrooms w/ its own dedicated laundry area plus a separate storage space approximately 8x8. Rear house is 2+1 @ approximately 808 SF built in 1964 with attached garage for TWO cars and a separate CARPORT for THREE car parking. It also has its own private backyard and its own laundry area in the garage. Rear house is currently occupied by month-to-month tenant paying $1,400/mo. Award winning school district and close to parks. Buyer(s) to cooperate with the seller's #1031 Exchange. Property is being sold in its "AS-IS" current physical condition.

Last Agent to Sell the Property

Priscilla Kim

Redpoint Realty License #01301715 Listed on: 10/23/2015

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,750 Sq Ft Lot

Interior Spaces

  • 2 Bathrooms
  • 1,429 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Parking

  • 7 Car Attached Garage
  • Carport

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 244-502-18

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1429
  • Probate: No
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 405.18

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached, Carport
  • Total Parking: 7

Utilities

  • Water Expense: 85.00

Lot Info

  • Assessed Improvement Value: 52017
  • Assessed Land Value: 409057
  • Assessor Parcel Number: 244-502-18
  • Geocode Override: No
  • Lot Size Area: 6750

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 0
  • Type Of Units: 2 unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2015
Closed on
Dec 18, 2015
Sold by
C & S Lee Properties Llc
Bought by
Patel Bhaveshkumar Ishwarlal
Seller's Agent
Priscilla Kim
Redpoint Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$579,000
Sold Price
$580,000
Premium/Discount to List
$1,000
0.17%
Current Estimated Value
$906,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,550
Avg. Annual Appreciation
4.57%
Original Mortgage
$560,642
Outstanding Balance
$444,110
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$462,440

Purchase Details

Listed on
Jan 3, 2013
Closed on
Jan 16, 2013
Sold by
Dahl Roxanne Jacqueline
Bought by
C & S Lee Properties Llc
Seller's Agent
Roxanne Dahl
RE/MAX Select One
Buyer's Agent
Priscilla Kim
Redpoint Realty
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%

Purchase Details

Closed on
Jan 5, 2002
Sold by
Shutts Robert W and Shutts Colleen G
Bought by
Dahl Randall J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2000
Sold by
Shutts Robert V and Shutts Colleen
Bought by
Shutts Robert W and Shutts Colleen G

Purchase Details

Closed on
Feb 11, 1998
Sold by
Shutts Robert V and Shutts Colleen
Bought by
Shutts Robert W and Shutts Colleen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 1995
Sold by
Shutts Robert W and Shutts Colleen G
Bought by
Shutts Robert W and Shutts Colleen G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patel Bhaveshkumar Ishwarlal $580,000 Chicago Title Company
C & S Lee Properties Llc $450,000 First American Title Company
Dahl Randall J $310,000 Lawyers Title Company
Shutts Robert W -- --
Shutts Robert W -- Fidelity National Title Ins
Shutts Robert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Bhaveshkumar Ishwarlal $560,642
Previous Owner Dahl Randall J $248,000
Previous Owner Shutts Robert W $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2016 01/11/16 Sold $580,000 +0.2% $406 / Sq Ft
12/21/2015 12/21/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $579,000 +28.7% $405 / Sq Ft
01/25/2013 01/25/13 Sold $450,000 -9.8% $315 / Sq Ft View Prior Sale
01/14/2013 01/14/13 For Sale $499,000 0.0% $349 / Sq Ft
01/12/2013 01/12/13 Pending -- -- --
01/08/2013 01/08/13 Price Changed $499,000 -3.9% $349 / Sq Ft
01/03/2013 01/03/13 For Sale $519,000 -- $363 / Sq Ft
Source: The MLS

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 $7,773 $686,600 $624,980 $61,620
2024 $7,773 $673,138 $612,726 $60,412
2023 $7,594 $659,940 $600,712 $59,228
2022 $7,504 $647,000 $588,933 $58,067
2021 $7,405 $634,314 $577,385 $56,929
2020 $7,375 $627,810 $571,464 $56,346
2019 $7,169 $615,500 $560,258 $55,242
2018 $7,072 $603,432 $549,273 $54,159
2017 $6,829 $591,600 $538,502 $53,098
2016 $5,619 $468,105 $415,295 $52,810
2015 $5,578 $461,074 $409,057 $52,017
2014 $5,286 $452,043 $401,044 $50,999
Source: Public Records

Agents Affiliated with this Home

  • Priscilla Kim

    Seller's Agent in 2016

    Priscilla Kim

    Redpoint Realty

    (213) 385-6500

    4 Total Sales

    Priscilla Kim
    Section Image

  • S

    Buyer's Agent in 2016

    Subscriber Non

    Non-Participant Office

  • R

    Seller's Agent in 2013

    Roxanne Dahl

    RE/MAX

    Section Image
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Map

Source: The MLS

MLS Number: 15-952415

The MLS

APN: 244-502-18

California Orange County Cypress 90630

5571 Newman St, Cypress, CA

Not Listed for Sale

MultiFamily

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