NOT LISTED FOR SALE

Estimated Value: $858,000 - $1,125,000

8 Beds
4 Baths
2,050 Sq Ft
$492/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $749,000 $365 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,320/month

22 Days on Market

About This Home

As of August 2018

Great investment for first time home owners or investors. Owner converted duplex to a 8 bedroom, 4 bath with 4 car garages. Upgrades include: asphalt driveway, new garages, guest parking, renovated kitchen and bathroom with granite countertops, tile floors in main rooms, upgraded electric panel, and washer/dryer connected to each unit. Each unit rents for $2550, which makes this an excellent investment. Live on one and rent the other. Each unit is billed for water, gas, and electric separately.

Last Agent to Sell the Property

Troy Roland

Troy Roland, Broker License #01985792 Listed on: 06/26/2018

Last Buyer's Agent

Edmundo Pulido

RE/MAX Tidal License #01338442

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,609

Year Built

  • Built in 1955

Lot Details

  • 8,886

Home Design

  • Clay Roof

Additional Features

  • 1-Story Property
  • Gated Home

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane
  • Assessor Parcel Number 573-160-04-00

Community Details

Overview

  • 2 Units
  • Verties Villa Community

Building Details

  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,609

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: I
  • Neighborhood: Chula Vista
  • Stories: 1 Story
  • Sale Price List Price: 0.94
  • Total Stories: 1
  • Year Built: 1955
  • 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: Gate
  • Roof: Tile/Clay

Condo/Co-op/Association

  • Complex Name: Verties Villa
  • Community: CHULA VISTA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: R2
  • Assessor Parcel Number: 573-160-04-00

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 28000
  • Annual Expense Actual: 42000
  • Gross Rent Multiplier Actual: 12.0
  • Gross Sched Income Actual: 59000
  • Gross Sched Income Projected: 61120
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2018
Closed on
Aug 6, 2018
Sold by
Miranda Gabriella
Bought by
Medrano Luis E
Seller's Agent
Troy Roland
Troy Roland, Broker
Buyer's Agent
Edmundo Pulido
RE/MAX Tidal
List Price
$750,000
Sold Price
$749,000
Premium/Discount to List
-$1,000
-0.13%
Current Estimated Value
$1,007,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,939
Avg. Annual Appreciation
4.18%
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2018
Closed on
Jul 10, 2018
Sold by
Roland Vanessa D
Bought by
Medrano Luis E
Seller's Agent
Troy Roland
Troy Roland, Broker
Buyer's Agent
Edmundo Pulido
RE/MAX Tidal
List Price
$750,000
Sold Price
$749,000
Premium/Discount to List
-$1,000
-0.13%

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
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 23, 2014
Closed on
Jan 26, 2015
Sold by
Levingston Ira
Bought by
Roland Vanessa D
Seller's Agent
Greg Butler
Jon Miller Realty
Buyer's Agent
raquel castle
Raquel Castle Realty
List Price
$360,000
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.14%
Original Mortgage
$270,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 23, 2014
Closed on
Dec 22, 2014
Sold by
King Joan V
Bought by
Roland Vanessa
Seller's Agent
Greg Butler
Jon Miller Realty
Buyer's Agent
raquel castle
Raquel Castle Realty
List Price
$360,000
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2007
Sold by
King Joan Victoria
Bought by
King William H and King Joan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Medrano Luis E -- Chicago Title Company
Medrano Luis E $749,000 Chicago Title Company
Roland Vanessa D -- Chicago Title Company
Roland Vanessa $360,000 Chicago Title Company
King William H -- None Available
King Joan Victoria -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medran0 Luis H $350,000
Closed Medrano Luis E $479,500
Closed Medrano Luis E $200,000
Previous Owner Roland Vanessa D $460,000
Previous Owner Roland Vanessa D $106,000
Previous Owner Roland Vanessa D $276,500
Previous Owner Roland Vanessa D $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2018 08/08/18 Sold $749,000 -6.3% $365 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
06/28/2018 06/28/18 Price Changed $799,000 +6.7% $390 / Sq Ft
06/26/2018 06/26/18 Price Changed $749,000 -0.1% $365 / Sq Ft
06/26/2018 06/26/18 For Sale $750,000 +108.3% $366 / Sq Ft
01/30/2015 01/30/15 Sold $360,000 0.0% $279 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
10/23/2014 10/23/14 For Sale $360,000 -- $279 / 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 $9,609 $835,518 $446,205 $389,313
2024 $9,609 $819,136 $437,456 $381,680
2023 $9,479 $803,076 $428,879 $374,197
2022 $9,207 $787,330 $420,470 $366,860
2021 $8,994 $771,893 $412,226 $359,667
2020 $8,778 $763,980 $408,000 $355,980
2019 $8,551 $749,000 $400,000 $349,000
2018 $5,680 $494,494 $169,001 $325,493
2017 $4,969 $432,799 $165,688 $267,111
2016 $5,113 $365,490 $162,440 $203,050
2015 $724 $61,092 $30,546 $30,546
2014 $713 $59,896 $29,948 $29,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 180034798

San Diego MLS

APN: 573-160-04