NOT LISTED FOR SALE

Estimated Value: $804,144 - $988,000

4 Beds
2 Baths
1,440 Sq Ft
$629/Sq Ft Est. Value

Last Sold November 21, 2016

Last sale price $440,000 $306 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,673/month

80 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Partially Fenced Property
  • 2-minute walk to Northmont Park
  • Grossmont High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of November 2016

Good investment opportunity to purchase income producing property or live in one unit and rent out the other. Convenient location, close to freeways, trolley, shopping and services. Each unit pretty identical with one car garage and shared back yard. Laundry hookups located in garage. Current tenants have been long term. Neighborhoods: Severin Manor Unit #2 Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 6091 Unit # for Unit 2: 6093 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Christine Zito

Empire Associates RE Propertie License #01050353 Listed on: 07/25/2016

Last Buyer's Agent

Out of Area Agent

Out of Area Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,037

Year Built

  • Built in 1953

Lot Details

  • 6,238 Sq Ft Lot
  • Partially Fenced Property

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • La Mesa

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 4863610700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,037

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Park Name: La Mesa
  • Subdivision Name Other: La Mesa
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 4863610700
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 6238.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 25200.00
  • Lot Size Area: 6238.0000 Square Feet
  • Number Of Units Total: 2
  • Number With Range: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2016
Closed on
Oct 18, 2016
Sold by
Stanley Joy L and Redlew Karen A
Bought by
Ellinwood Matthew and Ellinwood Ashley
Seller's Agent
Christine Zito
Empire Associates RE Propertie
Buyer's Agent
Out of Area Agent
Out of Area Office
List Price
$440,000
Sold Price
$440,000
Total Days on Market
80
Current Estimated Value
$906,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,286
Avg. Annual Appreciation
8.88%
Original Mortgage
$330,000
Outstanding Balance
$268,463
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$640,862

Purchase Details

Closed on
Aug 26, 2016
Sold by
Stanley Loren and Stanley Joy L
Bought by
Stanley Joy L and Stanley Karen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$268,463
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$640,862
Source: Public Records

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Range of Values:

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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
Ellinwood Matthew $440,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellinwood Matthew $330,000
Previous Owner Stanley Loren $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2016 11/21/16 Sold $440,000 0.0% $306 / Sq Ft
10/13/2016 10/13/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $440,000 -- $306 / 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
2024 $7,037 $534,103 $204,004 $330,099
2023 $6,813 $523,631 $200,004 $323,627
2022 $6,631 $513,365 $196,083 $317,282
2021 $6,477 $503,300 $192,239 $311,061
2020 $6,328 $498,140 $190,268 $307,872
2019 $6,259 $488,374 $186,538 $301,836
2018 $6,150 $478,799 $182,881 $295,918
2017 $50 $440,000 $179,296 $260,704
2016 $2,435 $155,545 $63,383 $92,162
2015 $2,422 $153,209 $62,431 $90,778
2014 $2,362 $150,209 $61,209 $89,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 160040898

California Regional Multiple Listing Service (CRMLS)

APN: 486-361-07