Seller's Agent in 2016
Ethan Lanagan
Seven Gables Real Estate
(615) 707-0321
13 in this area
182 Total Sales
611 W Almond Ave Orange, CA 92868
Estimated Value: $986,000 - $1,119,000
5
Beds
2
Baths
2,070
Sq Ft
$505/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- 4-minute walk to Orange
- Laundry Room
- Private Yard
- No HOA
- Central Heating
About This Home
As of February 2016ATTN INVESTORS! This is an amazing opportunity to own two homes on one lot in the heart of Old Town Orange! Excellent investment opportunity to create amazing cash flow for your investment portfolio or live in one unit and rent out the other! The charming historic 1000 square foot front house brings you back to early 1900’s with a 2 bedroom, 1 bathroom unit. In addition, you also have a 1070 square foot second home behind it with 3 bedrooms and 1 bathroom. Both would make excellent rentals generating around $4000 in rental income. These homes are located just blocks from the Plaza, commonly known as The Orange Circle, which offers great dining and shopping! You are also walking distance to Chapman University which has made this area one of the hottest rental markets in Orange County! The location is also very central to the 55, 22, 57 and 91 Freeways! This is a must see investment opportunity to make your own home or great income for yourself!
Perfect for investors or someone looking to live in one and also have rental income! Put a little work into these homes, fill with tenants and watch the cash flow come in and them go up in value!
Last Agent to Sell the Property
Seven Gables Real Estate License #01967393 Listed on: 01/16/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,903
Year Built
- Built in 1957
Lot Details
- 6,769 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Vinyl Fence
- Wood Fence
- Private Yard
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 5 Parking Spaces
Home Design
- Craftsman Architecture
- Cottage
- Fixer Upper
- Raised Foundation
- Slab Foundation
Interior Spaces
- 2,070 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Additional Features
- Suburban Location
- Central Heating
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 398
- Assessor Parcel Number 39067317
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $4,000
- Net Operating Income $4,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2016
Closed on
Jan 12, 2016
Sold by
Inman Brown Donna R
Bought by
Cortez Alan and Cortez Julie Grace
Seller's Agent
Ethan Lanagan
Seven Gables Real Estate
Buyer's Agent
Ethan Lanagan
Seven Gables Real Estate
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,403
Avg. Annual Appreciation
6.49%
Original Mortgage
$450,000
Outstanding Balance
$190,386
Interest Rate
3.19%
Mortgage Type
New Conventional
Estimated Equity
$899,110
Purchase Details
Closed on
Dec 19, 2001
Sold by
Inman Bobbie M
Bought by
Inman Bobbie M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 17, 1999
Sold by
Inman Bobbie M
Bought by
Inman Bobbie M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cortez Alan | $600,000 | First American Title Company | |
| Inman Bobbie M | -- | United Title Company | |
| Inman Bobbie M | -- | United Title Company | |
| Inman Bobbie M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cortez Alan | $450,000 | |
| Previous Owner | Inman Bobbie M | $153,300 | |
| Previous Owner | Inman Bobbie M | $150,000 | |
| Previous Owner | Inman Bobbie M | $22,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2016 02/26/16 | Sold | $600,000 | -4.0% | $290 / Sq Ft |
| 01/16/2016 01/16/16 | Pending | -- | -- | -- |
| 01/16/2016 01/16/16 | For Sale | $625,000 | -- | $302 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,903 | $710,274 | $649,236 | $61,038 |
| 2024 | $7,903 | $696,348 | $636,506 | $59,842 |
| 2023 | $7,728 | $682,695 | $624,026 | $58,669 |
| 2022 | $7,577 | $669,309 | $611,790 | $57,519 |
| 2021 | $7,367 | $656,186 | $599,794 | $56,392 |
| 2020 | $7,299 | $649,458 | $593,644 | $55,814 |
| 2019 | $7,209 | $636,724 | $582,004 | $54,720 |
| 2018 | $7,100 | $624,240 | $570,592 | $53,648 |
| 2017 | $6,808 | $612,000 | $559,403 | $52,597 |
| 2016 | $4,439 | $197,311 | $127,715 | $69,596 |
| 2015 | $2,334 | $194,348 | $125,797 | $68,551 |
| 2014 | $2,282 | $190,541 | $123,332 | $67,209 |
Source: Public Records
Agents Affiliated with this Home
-
Ethan Lanagan
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16010202
APN: 390-673-17
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.
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
Nearby Homes
- 185 N Batavia St
- 917 W Palmyra Ave
- 563 W Maple Ave
- 561 W Maple Ave
- 630 W Palm Ave Unit 45
- 630 W Palm Ave Unit 54
- 551 W Maple Ave
- 528 W Culver Ave
- 522 W Culver Ave
- 155 S Pepper St
- 130 N Lester Dr
- 132 N Jewell Place
- 700 W La Veta Ave Unit E4
- 700 W La Veta Ave Unit G8
- 700 W La Veta Ave Unit P15
- 700 W La Veta Ave Unit H7
- 428 S Orange St
- 1029 W Sycamore Ave
- 206 S Center St
- 611 S La Veta Park Cir Unit 229
- 609 W Almond Ave
- 621 W Almond Ave
- 188 S Pixley St
- 178 S Pixley St
- 194 S Pixley St
- 629 W Almond Ave
- 170 S Pixley St
- 631 W Almond Ave Unit A
- 631 W Almond Ave
- 164 S Pixley St
- 167 S Parker St
- 195 S Parker St
- 185 S Parker St
- 616 W Almond Ave
- 628 W Almond Ave
- 606 W Almond Ave
- 159 S Parker St
- 154 S Pixley St
- 209 S Parker St
- 5 N Pixley St