NOT LISTED FOR SALE

Estimated Value: $594,000 - $793,000

6 Beds
4 Baths
2,236 Sq Ft
$299/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $465,000 $208 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,064/month

15 Days on Market

Highlights

  • Private Yard
  • Horse Trails
  • Wall Furnace
  • Laundry Room
  • Wood Fence
  • 1-Story Property

About This Home

As of July 2020

BACK ON THE MARKET -COME SEE THIS UNIQUE PROPERTY WITH 2 SEPARATE HOUSES ON A CORNER LOT. SIDE BY SIDE SEPARATE HOUSES WITH SEPARATE YARDS --- each with there own driveways, utility meters(except water & trash) separate yards and fenced areas. Each house has indoor laundry and master bedrooms and granite kitchen countertops. The property was fully remodeled a couple of years ago and updated with granite countertop kitchens and laminated flooring and dual pane windows. Currently, one unit is rented and one is vacant and ready for move-in.

Last Agent to Sell the Property

Enrique Balcazar

COLDWELL BANKER REALTY License #01258142 Listed on: 04/30/2020

COLDWELL BANKER REALTY

Last Buyer's Agent

Enrique Balcazar

COLDWELL BANKER REALTY License #01258142 Listed on: 04/30/2020

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,371

Year Built

  • Built in 1956

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Wood Fence
  • Chain Link Fence
  • Private Yard

Home Design

  • Composition Roof

Interior Spaces

  • 2,236 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas
  • Legal Lot and Block 6 / G
  • Assessor Parcel Number 163070020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Horse Trails

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,572
  • Maintenance Expense $1,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,175
  • Operating Expense $10,347
  • Gross Income $14,440
  • Net Operating Income $41,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,371

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: A-1
  • Property Type: Residential Income
  • Parcel Number: 163070020
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 207.96

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Horse Trails, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas

Multi Family

  • Average3 Bed Area: 1118 Square Feet
  • Gross Income: 14440.00
  • Gross Operating Income: 43700.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1572.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 41200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2600.00
  • Operating Expense Percent: 5.70
  • Rent Control: No
  • Total Expenses: 10347.00
  • Vacancy Allowance: 1900
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 5175.00
  • Tax Block: G
  • Tax Census Tract: 404.02
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2021
Sold by
Cortez Karla R and Cortez Alberto
Bought by
Cortez Karla R and Cortez Alberto
Current Estimated Value
$663,673

Purchase Details

Listed on
Apr 30, 2020
Closed on
Jun 27, 2020
Sold by
Fisch Daniel
Bought by
Cortez Maria Carolina and Cortez Alberto
Seller's Agent
Enrique Balcazar
COLDWELL BANKER REALTY
Buyer's Agent
Enrique Balcazar
COLDWELL BANKER REALTY
List Price
$459,900
Sold Price
$465,000
Premium/Discount to List
$5,100
1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%
Original Mortgage
$372,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2017
Sold by
Ccc Irma Guadalupe
Bought by
Fisch Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2017
Sold by
Ccc Irma Guadalupe
Bought by
Fisch Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 25, 2016
Closed on
Aug 31, 2016
Sold by
Breckenridge Property Fund 2015 Llc
Bought by
Coc Irma Guadalupe
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Maria Knorr
FIRST TEAM REAL ESTATE
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%

Purchase Details

Closed on
Nov 6, 2015
Sold by
Munoz Adolfo and Munoz Yolanda
Bought by
Breckenridge Property Fund 2015 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2004
Sold by
Munoz Adolfo
Bought by
Munoz Adolfo and Munoz Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2001
Sold by
Hembree H Mack and Hembree G
Bought by
Munoz Adolfo and Munoz Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,981
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 1996
Sold by
Partnership M K Properties Family Limted
Bought by
Hembree H Mack and Hembree G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
11.77%
Mortgage Type
Commercial
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
Cortez Karla R -- None Available
Cortez Alberto -- None Available
Cortez Maria Carolina $465,000 Orange Coast Title Company
Fisch Daniel $405,000 First American Title Company
Fisch Daniel $405,000 First American Title Company
Coc Irma Guadalupe $395,000 Title 365
Breckenridge Property Fund 2015 Llc $266,036 Accommodation
Munoz Adolfo -- --
Munoz Adolfo -- Lawyers Title Company
Munoz Adolfo $115,000 First American Title Co
Hembree H Mack -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cortez Maria Carolina $372,000
Previous Owner Fisch Daniel $294,000
Previous Owner Fisch Daniel $294,000
Previous Owner Breckenridge Property Fund 2015 Llc $0
Previous Owner Munoz Adolfo $50,000
Previous Owner Munoz Adolfo $227,800
Previous Owner Munoz Adolfo $160,000
Previous Owner Munoz Adolfo $113,981
Previous Owner Hembree H Mack $76,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2020 07/08/20 Sold $465,000 +1.1% $208 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $459,900 0.0% $206 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $459,900 +13.6% $206 / Sq Ft
08/31/2016 08/31/16 Sold $405,000 +1.5% $246 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
07/26/2016 07/26/16 Price Changed $399,000 -6.1% $242 / Sq Ft
07/25/2016 07/25/16 For Sale $425,000 -- $258 / 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
2025 $5,371 $503,329 $86,593 $416,736
2023 $5,371 $483,786 $83,232 $400,554
2022 $5,282 $474,300 $81,600 $392,700
2021 $5,245 $465,000 $80,000 $385,000
2020 $4,858 $429,788 $68,978 $360,810
2019 $4,747 $421,362 $67,626 $353,736
2018 $5,127 $413,100 $66,300 $346,800
2017 $5,023 $395,000 $65,000 $330,000
2016 $3,014 $266,037 $90,000 $176,037
2015 $1,570 $144,168 $37,605 $106,563
2014 $1,462 $141,346 $36,869 $104,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20082570

California Regional Multiple Listing Service (CRMLS)

APN: 163-070-020