NOT LISTED FOR SALE

586 N Grand St Orange, CA 92867

Estimated Value: $1,230,317 - $1,441,000

5 Beds
3 Baths
2,243 Sq Ft
$582/Sq Ft Est. Value

Last Sold August 11, 2017

Last sale price $895,000 $399 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $8,032/month

25 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Two Homes on a Lot
  • Shed

About This Home

As of August 2017

THIS IS A TWO ON ONE LOT, DIRECTLY ACROSS FROM CHAPMAN UNIVERSITY HOUSING. THE FRONT HOUSE APPEARS TO BE HISTORIC WHICH FEATURES 2 BEDROOMS AND 1 BATH. THE REAR HOUSE WAS BUILT IN 1964 AND IS A 3 BEDROOM 2 BATH, CENTRAL HEATING AND AIR CONDITIONING WITH AN ATTACHED 2 CAR GARAGE. EACH HOUSE HAS A YARD AND THERE IS A LARGE STORAGE SHED BETWEEN THE HOUSES. THE ACTUAL ADDRESS IS 584 AND 586 NORTH GRAND. THERE ARE SEPARATE ELECTRIC AND GAS METERS FOR EACH HOUSE. GOOD LONG TERM TENANTS HAVE TAKEN CARE OF THE HOMES OVER THE YEARS.

Last Agent to Sell the Property

Albert Ricci

Ricci Realty License #01011606 Listed on: 06/12/2017

Last Buyer's Agent

Albert Ricci

Ricci Realty License #01011606 Listed on: 06/12/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,097

Year Built

  • Built in 1964

Lot Details

  • 6,233 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wood Fence
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Tudor Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,243 Sq Ft Home
  • 1-Story Property
  • Awning

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Shed
  • Two Homes on a Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Tax Tract Number 768
  • Assessor Parcel Number 03921222

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Trash Expense $408
  • Water Sewer Expense $960
  • New Taxes Expense $9,755
  • Operating Expense $13,041
  • Gross Income $37,260
  • Net Operating Income $24,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,097

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: JUST NORTH OF OLD TOWNE
  • View: No
  • Water Sewer Expenses: 960.00
  • Architectural Style: Traditional, Tudor
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 03921222
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 399.02

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Other Structures: Shed(s), Two On A Lot
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Two Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Gas Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 408.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6233.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1243 Square Feet
  • Gross Income: 37260.00
  • Gross Scheduled Income: 37260.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 24219.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 13041.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 3105.00
  • Total Expenses: 13041.00

Tax Info

  • New Taxes Expense: 9755.00
  • Tax Census Tract: 762.05
  • Tax Lot: 14
  • Tax Tract Number: 768

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2017
Closed on
Jul 12, 2017
Sold by
Alfaro David M and Alfaro Manuel J
Bought by
Univeristy Champman
Seller's Agent
Albert Ricci
Ricci Realty
Buyer's Agent
Albert Ricci
Ricci Realty
List Price
$895,000
Sold Price
$895,000
Current Estimated Value
$1,304,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,329
Avg. Annual Appreciation
4.60%

Purchase Details

Closed on
May 20, 2011
Sold by
Alfaro David M and Alfaro Manuel J
Bought by
Alfaro David M and Alfaro Manuel J

Purchase Details

Closed on
Sep 10, 1997
Sold by
Alfaro Eva M
Bought by
The Eva M Alfaro Revocable Trust
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
Univeristy Champman $895,000 First American Title Co
Alfaro David M -- None Available
The Eva M Alfaro Revocable Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2017 08/11/17 Sold $895,000 0.0% $399 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $895,000 -- $399 / 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 $11,097 $1,018,355 $930,722 $87,633
2024 $11,097 $998,388 $912,473 $85,915
2023 $10,853 $978,812 $894,581 $84,231
2022 $10,644 $959,620 $877,040 $82,580
2021 $10,346 $940,804 $859,843 $80,961
2020 $10,251 $931,158 $851,027 $80,131
2019 $10,121 $912,900 $834,340 $78,560
2018 $9,967 $895,000 $817,980 $77,020
2017 $1,210 $70,387 $25,126 $45,261
2016 $1,190 $69,007 $24,633 $44,374
2015 $1,172 $67,971 $24,263 $43,708
2014 $1,147 $66,640 $23,788 $42,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17132743

California Regional Multiple Listing Service (CRMLS)

APN: 039-212-22