NOT LISTED FOR SALE

Estimated Value: $827,440 - $947,000

4 Beds
2 Baths
1,440 Sq Ft
$627/Sq Ft Est. Value

Last Sold March 07, 2016

Last sale price $442,500 $307 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $5,529/month

28 Days on Market

Highlights

  • City Lights View
  • Property is Fully Fenced
  • 3-minute walk to Northmont Park
  • Grossmont High School Rated A

About This Home

As of March 2016

Units are being sold AS IS. Seller would like a quick sale with pre-approval. Lot has large yard and recent replacement of all windows. Close to freeways and shopping. These units have been renter maintained since purchase is 2005. New carpet when needed and new paint done upon turnovers. All windows upgraded 3 years ago.

Last Agent to Sell the Property

Steven Lirley

Steven T Lirley, Broker License #01900921 Listed on: 02/05/2016

Last Buyer's Agent

Steven Lirley

Steven T Lirley, Broker License #01900921 Listed on: 02/05/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,294

Year Built

  • Built in 1953

Lot Details

  • Property is Fully Fenced

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • City Lights Views

Schools

  • Grossmont Union High School District

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 486-341-09-00

Community Details

Overview

  • 2 Units
  • N/K Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $2,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,294

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Earl
  • Neighborhood: Severan Manor
  • Stories: 2 Story
  • Sale Price List Price: 0.89
  • Total Stories: 2
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition
  • View: Evening Lights

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: n/k
  • Pets Allowed: Yes
  • Community: EAST SAN DIEGO
  • Manager Name: steve lirley
  • Manager Phone: 619-253-3476

Schools

  • School District URL: http://www.guhsd.net/
  • High School: Grossmont Union High School District

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Curbs, Sidewalks, Street Paved
  • Water District: HELIX WATER DISTRICT
  • Assessor Parcel Number: 486-341-09-00
  • Land Use Code: sd-2
  • Water District URL: http://www.hwd.com

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 2155
  • Annual Expense Actual: 3180
  • Gross Rent Multiplier Actual: 5.0
  • Gross Sched Income Actual: 2420
  • Number Of Buildings: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2016
Closed on
Feb 24, 2016
Sold by
Cullmer Patricia K
Bought by
Zecha Hubert S and Wong Joyce C
Seller's Agent
Steven Lirley
Steven T Lirley, Broker
Buyer's Agent
Steven Lirley
Steven T Lirley, Broker
List Price
$499,000
Sold Price
$442,500
Premium/Discount to List
-$56,500
-11.32%
Current Estimated Value
$903,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,610
Avg. Annual Appreciation
7.76%

Purchase Details

Closed on
May 18, 2005
Sold by
Weikel Edward and Weikel Thuxuan
Bought by
Cullmer Patricia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2001
Sold by
Weikel Edward
Bought by
Weikel Edward and Weikel Thuxuan

Purchase Details

Closed on
Nov 7, 1995
Sold by
Weikel Edward L
Bought by
Weikel Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.62%

Purchase Details

Closed on
Jul 3, 1991
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
Zecha Hubert S $442,500 Ticor Title Co Ca San Diego
Cullmer Patricia K $500,000 Lawyers Title
Weikel Edward -- --
Weikel Edward -- American Title Ins Co
-- $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cullmer Patricia K $170,900
Previous Owner Cullmer Patricia K $200,000
Previous Owner Weikel Edward $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2016 03/07/16 Sold $442,500 -11.3% $307 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $499,000 -- $347 / Sq Ft
Source: San Diego 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 $7,294 $523,822 $314,295 $209,527
2024 $7,294 $513,552 $308,133 $205,419
2023 $7,083 $503,484 $302,092 $201,392
2022 $6,906 $493,613 $296,169 $197,444
2021 $6,707 $483,935 $290,362 $193,573
2020 $6,417 $478,974 $287,385 $191,589
2019 $6,343 $469,583 $281,750 $187,833
2018 $6,233 $460,376 $276,226 $184,150
2017 $6,120 $451,350 $270,810 $180,540
2016 $5,684 $420,000 $252,000 $168,000
2015 $5,297 $385,000 $231,000 $154,000
2014 $5,278 $385,000 $231,000 $154,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 160006464

San Diego MLS

APN: 486-341-09