Seller's Agent in 2020
Silvana Sarkis
American Classic Realty
(714) 270-0077
1 in this area
39 Total Sales
614 Gulf Ave Wilmington, CA 90744
Estimated Value: $751,000 - $862,000
5
Beds
3
Baths
2,006
Sq Ft
$406/Sq Ft
Est. Value
About This Home
As of September 2020This is an Investors Delight in the city of Wilmington..... 2 Separate properties (DUPLEX) on 1 lot each with its own 1 car garage and indoor laundry. The front home is a 2 bedroom, 1 bath with a fenced front yard and a nice covered porch. Second home on the Lot is beautifully upgraded 3 bedroom 2 bath with tile and laminate flooring, upgraded bathrooms, recess lighting and newer cherry color finished cabinets and granite countertops in the kitchen. These homes are conveniently located near freeways, shopping and the beach.
Last Agent to Sell the Property
American Classic Realty License #01495013 Listed on: 08/16/2020
Last Buyer's Agent
Martha Washington
Realty One Group United License #01733042
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,857
Year Built
- Built in 1922
Lot Details
- 6,207 Sq Ft Lot
- No Common Walls
- Front Yard
Parking
- 2 Car Garage
- Parking Available
- Single Garage Door
- Parking Lot
Home Design
- 2,006 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 9
- Tax Tract Number 2559
- Assessor Parcel Number 7416018009
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,110
- Water Sewer Expense $2,447
- New Taxes Expense $6,958
- Operating Expense $10,514
- Gross Income $47,520
- Net Operating Income $37,006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 21, 2021
Sold by
Pene Tarang V
Bought by
Pene Tarang Vijay and Tarang Vijay Pene Revocable Tr
Current Estimated Value
Purchase Details
Listed on
Aug 16, 2020
Closed on
Sep 28, 2020
Sold by
Rajabnejad Mahnoosh
Bought by
Pene Tarang V
Seller's Agent
Silvana Sarkis
American Classic Realty
Buyer's Agent
Martha Washington
Realty One Group United
List Price
$575,000
Sold Price
$585,000
Premium/Discount to List
$10,000
1.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%
Original Mortgage
$438,750
Outstanding Balance
$391,126
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$424,057
Purchase Details
Listed on
Aug 16, 2020
Closed on
Aug 6, 2020
Sold by
Shoreline Group Llc
Bought by
Hassani Ata
Seller's Agent
Silvana Sarkis
American Classic Realty
Buyer's Agent
Martha Washington
Realty One Group United
List Price
$575,000
Sold Price
$585,000
Premium/Discount to List
$10,000
1.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Outstanding Balance
$391,126
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$424,057
Purchase Details
Listed on
Aug 16, 2020
Closed on
Aug 5, 2020
Sold by
Hassani Ata
Bought by
Rajabnejad Mahnoosh
Seller's Agent
Silvana Sarkis
American Classic Realty
Buyer's Agent
Martha Washington
Realty One Group United
List Price
$575,000
Sold Price
$585,000
Premium/Discount to List
$10,000
1.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Outstanding Balance
$391,126
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$424,057
Purchase Details
Closed on
Apr 6, 2017
Sold by
Rajabnejad Mahnoosh
Bought by
Shoreline Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 6, 2015
Sold by
Shoreline Group Llc
Bought by
Rajabnejad Mahnoosh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 20, 2014
Sold by
Pedroza Torres Raymundo David and Pedroza Torres Norma
Bought by
Hassani Ata
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 16, 2008
Sold by
Pedroza Torres Raymundo David and Pedroza Torres Norma
Bought by
Pedroza Torres Raymundo David and Pedroza Torres Norma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,600
Interest Rate
6.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2007
Sold by
Torres David and Torres Norma
Bought by
Pedroza Torres Raymundo David and Pedroza Torres Norma
Purchase Details
Closed on
Sep 20, 2006
Sold by
Torres David and Torres Norma
Bought by
Pedroza Torres Raymundo David and Pedroza Torres Norma
Purchase Details
Closed on
Nov 7, 2005
Sold by
Torres Norma
Bought by
Torres David and Torres Norma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
1.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 23, 2002
Sold by
Torres David and Torres Norma
Bought by
Torres Norma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
10.5%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 22, 1998
Sold by
Torres Norma
Bought by
Torres David and Torres Norma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
9%
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 |
|---|---|---|---|
| Pene Tarang Vijay | -- | None Available | |
| Pene Tarang V | $585,000 | Orange Coast Title | |
| Hassani Ata | -- | Title Insurance Company | |
| Rajabnejad Mahnoosh | -- | Title Insurance Company | |
| Shoreline Group Llc | -- | Title 365 | |
| Rajabnejad Mahnoosh | -- | None Available | |
| Shoreline Group Llc | -- | None Available | |
| Hassani Ata | $263,000 | Nations Title Company | |
| Pedroza Torres Raymundo David | -- | Accommodation | |
| Pedroza Torres Raymundo David | -- | Fidelity National Title Co | |
| Pedroza Torres Raymundo David | -- | None Available | |
| Pedroza Torres Raymundo David | -- | None Available | |
| Torres David | -- | First American Title | |
| Torres Norma | -- | American Title | |
| Torres David | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pene Tarang V | $438,750 | |
| Previous Owner | Rajabnejad Mahnoosh | $325,500 | |
| Previous Owner | Shoreline Group Llc | $100,000 | |
| Previous Owner | Hassani Ata | $214,500 | |
| Previous Owner | Hassani Ata | $230,000 | |
| Previous Owner | Torres Raymundo David | $256,100 | |
| Previous Owner | Pedroza Torres Raymundo David | $266,600 | |
| Previous Owner | Torres David | $247,000 | |
| Previous Owner | Torres David | $197,000 | |
| Previous Owner | Torres Norma | $164,500 | |
| Previous Owner | Torres David | $21,243 | |
| Previous Owner | Torres David | $127,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2020 09/30/20 | Sold | $585,000 | +1.7% | $292 / Sq Ft |
| 08/24/2020 08/24/20 | Pending | -- | -- | -- |
| 08/16/2020 08/16/20 | For Sale | $575,000 | -- | $287 / 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 | $7,857 | $633,221 | $432,972 | $200,249 |
| 2024 | $7,857 | $620,806 | $424,483 | $196,323 |
| 2023 | $7,709 | $608,634 | $416,160 | $192,474 |
| 2022 | $7,357 | $596,700 | $408,000 | $188,700 |
| 2021 | $7,262 | $585,000 | $400,000 | $185,000 |
| 2020 | $7,001 | $551,412 | $364,140 | $187,272 |
| 2019 | $6,732 | $540,600 | $357,000 | $183,600 |
| 2018 | $6,603 | $530,000 | $350,000 | $180,000 |
| 2016 | $3,413 | $267,010 | $182,745 | $84,265 |
| 2015 | $3,366 | $263,000 | $180,000 | $83,000 |
| 2014 | $2,136 | $155,054 | $55,468 | $99,586 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Buyer's Agent in 2020
Martha Washington
Realty One Group United
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20060930
APN: 7416-018-009
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