NOT LISTED FOR SALE

605 S Lemon St Anaheim, CA 92805

The Colony Neighborhood

Estimated Value: $853,000 - $1,118,000

4 Beds
3 Baths
2,205 Sq Ft
$449/Sq Ft Est. Value

Sale Details

Date Sold: December 22, 2020

Last sale price $850,000 $385 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,183 / mo

14 Days on Market

Highlights

  • Private Yard
  • Park
  • Central Heating and Cooling System
  • No HOA
  • Landscaped

About This Home

As of December 2020

Beautiful, completely remodeled, turn-key investment property (duplex) located in the Anaheim Colony. This property was just taken down to the studs, and then put back together with all new: insulation, drywall, flooring, baseboards, casings, trim, cabinets, countertops, stainless steel appliances, central HVAC, and paint throughout. The exterior was completely redone with new stucco (top coat), decorative drives/ walks/ patios, and landscaping. A new master suite (bedroom, bath, walk in closet) was added on as well. Everything but the foundation, studs, and roof (10yrs old) is brand new. Remodel was completed in October of 2020. Property is 2 blocks from the Packing House.

The front house includes: 3 bedrooms, 2 baths, laundry room, dining room, kitchen, living room, private front and rear yards, and a beautiful front porch. The rear house is a detached 1 bedroom 1 bath 'casita'. Both units are on new 1 year leases - rear house started in October, front house started in November. The tenants were selected from a deep pool of applicants, and are well qualified and low impact.

The list price represents a 5.5% cap rate on existing rents and expenses (property tax based on list price).

Inspections can be done after accepted offer.

Last Agent to Sell the Property

Jeff Leeper

Jeffrey A. Leeper,Broker License #01428794 Listed on: 11/20/2020

Last Buyer's Agent

Elena Guadalupe-Parra

Seven Gables Real Estate License #01444499

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,584 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Private Yard
  • Back Yard

Interior Spaces

  • 2,205 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 43
  • Tax Tract Number 225

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $600
  • Trash Expense $480
  • Water Sewer Expense $720
  • New Taxes Expense $9,540
  • Operating Expense $11,820
  • Net Operating Income $47,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

6,584 Sq Ft Lot

Listing Details

  • CapRate: 5.50
  • Property Attached: No
  • Subdivision Name Other: Vineyard Lots
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 385.49

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Yard
  • Lot Size Sq Ft: 6584.00
  • Lot Size Acres: 0.1511

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6584.0000 Square Feet
  • Net Operating Income: 47580.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11820.00
  • Rent Control: No
  • Total Expenses: 11820.00

Tax Info

  • New Taxes Expense: 9540.00
  • Tax Lot: 43
  • Tax Tract Number: 225

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Dec 16, 2020
Sold by
Bought by
Seller's Agent
Jeff Leeper
Jeffrey A. Leeper,Broker
Buyer's Agent
Elena Guadalupe-Parra
Seven Gables Real Estate
List Price
$869,000
Sold Price
$850,000
Premium/Discount to List
-$19,000
-2.19%
Current Estimated Value
$989,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,360
Avg. Annual Appreciation
2.78%

Purchase Details

Listed on
Nov 20, 2020
Closed on
Dec 11, 2020
Sold by
Bought by
Seller's Agent
Jeff Leeper
Jeffrey A. Leeper,Broker
Buyer's Agent
Elena Guadalupe-Parra
Seven Gables Real Estate
List Price
$869,000
Sold Price
$850,000
Premium/Discount to List
-$19,000
-2.19%

Purchase Details

Closed on
Mar 10, 2020
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,500
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,500
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,500
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,127
Interest Rate
7.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Ticor Ttl Orange Cnty Branch
$850,000 Ticor Title
-- None Available
$340,000 First American Title Company
$292,000 First American Title Company
-- Old Republic Title Company
$349,000 Old Republic Title Company
-- Commonwealth Title
-- Orange Coast Title
-- Orange Coast Title
$229,000 Lawyers Title Company
-- Lawyers Title Company
-- Lawyers Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $252,500
Previous Owner $279,200
Previous Owner $235,500
Previous Owner $227,127
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/22/2020 12/22/20 Sold $850,000 -2.2% $385 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $869,000 -- $394 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,453 $920,066 $741,466 $178,600
2024 $10,453 $902,026 $726,927 $175,099
2023 $10,237 $884,340 $712,674 $171,666
2022 $10,112 $867,000 $698,700 $168,300
2021 $10,133 $850,000 $685,000 $165,000
2020 $5,072 $401,297 $334,527 $66,770
2019 $4,926 $393,429 $327,968 $65,461
2018 $4,826 $385,715 $321,537 $64,178
2017 $4,640 $378,152 $315,232 $62,920
2016 $4,626 $370,738 $309,051 $61,687
2015 $4,584 $365,170 $304,409 $60,761
2014 $4,308 $358,017 $298,446 $59,571
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jeff Leeper

    Jeffrey A. Leeper,Broker

    Section Image
  • Elena Guadalupe-Parra

    Buyer's Agent in 2020

    Elena Guadalupe-Parra

    Seven Gables Real Estate

    (714) 968-4456

    23 Total Sales

    Elena Guadalupe-Parra
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20243458

California Regional Multiple Listing Service (CRMLS)

APN: 036-225-43

California Orange County Anaheim 92805 The Colony

605 S Lemon St, Anaheim, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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