NOT LISTED FOR SALE

6537 Persia Ave Twentynine Palms, CA 92277

Estimated Value: $113,000 - $339,000

4 Beds
2 Baths
1,368 Sq Ft
$192/Sq Ft Est. Value

Last Sold September 28, 2017

Last sale price $139,950 $102 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,636/month

78 Days on Market

Highlights

  • Mountain View
  • Property is near a park
  • Double Pane Windows
  • Contemporary Architecture
  • No HOA
  • Evaporated cooling system

About This Home

As of September 2017

Recently renovated, turnkey property minutes from Joshua Tree National Park, local community park and downtown 29 Palms.

Last Agent to Sell the Property

Non-Member Agent

Joshua Tree Gateway AOR License #none Listed on: 06/08/2017

Last Buyer's Agent

JESSICA LAMPKIN

First Team Real Estate License #02021115

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,482

Year Built

  • Built in 1959

Lot Details

  • 8,909 Sq Ft Lot
  • Desert faces the front of the property
  • 1 Common Wall
  • Level Lot

Property Views

  • Mountain
  • Desert

Home Design

  • Duplex
  • Contemporary Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Family Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Dryer

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available

Location

  • Property is near a park

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Propane
  • Gas Water Heater
  • Conventional Septic
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, telephone
  • Assessor Parcel Number 0624142170000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $729
  • Fuel Expense $1,915
  • Insurance Expense $1,458
  • Professional Management Expense $1,890
  • Trash Expense $249
  • Water Sewer Expense $298
  • New Taxes Expense $937
  • Operating Expense $8,118
  • Net Operating Income $12,882

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,482

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 11.00
  • Inclusions: Furnishings, fixtures, appliances
  • Professional Management Expense: 1890.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 298.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0624142170000
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Room Type: All Bedrooms Down, Family Room, Kitchen
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Desert, Mountain(s)
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Propane, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Carport
  • Sewer: Conventional Septic
  • Trash Expense: 249.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Front, Level with Street, Park Nearby
  • Lot Size Sq Ft: 8909.00

Rental Info

  • Tenant Pays: Cable TV, Telephone

Multi Family

  • Average2 Bed Area: 684 Square Feet
  • Electric Expense: 729.00
  • Fuel Expense: 1915.00
  • Gross Scheduled Income: 21000.00
  • Insurance Expense: 1458.00
  • Net Operating Income: 12882.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8118.00
  • Operating Expense Percent: 39.00
  • Rent Control: No
  • Total Actual Rent: 17502.00
  • Total Expenses: 8118.00
  • Vacancy Allowance: 2100

Tax Info

  • New Taxes Expense: 937.00
  • Tax Census Tract: 104.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2017
Closed on
Aug 31, 2017
Sold by
Zatlin Jeffrey
Bought by
Johnson Darnell J
Seller's Agent
Non-Member Agent
Joshua Tree Gateway AOR
Buyer's Agent
JESSICA LAMPKIN
First Team Real Estate
List Price
$139,950
Sold Price
$139,950
Current Estimated Value
$262,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,324
Avg. Annual Appreciation
7.78%
Original Mortgage
$104,625
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 6, 2015
Closed on
Jul 8, 2015
Sold by
Fannie Mae
Bought by
Zatlin Jeffrey
Seller's Agent
Deborah Andersen
Deco Realty
Buyer's Agent
Jeffrey Zatlin
Dilbeck Estates
List Price
$82,500
Sold Price
$50,100
Premium/Discount to List
-$32,400
-39.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.17%
Original Mortgage
$25,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2015
Sold by
Hsu Ellen
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 28, 2006
Sold by
Reina William
Bought by
Hsu Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2005
Sold by
6537 Persia Trust
Bought by
Reina William and Reina Tamara Lyn

Purchase Details

Closed on
Feb 5, 2005
Sold by
Reina William
Bought by
6537 Persia Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.62%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 7, 2004
Sold by
Mcglasson John
Bought by
Reina William and Reina Tamara Lyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.62%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 29, 2003
Sold by
Brindis Robert J
Bought by
Mcglasson John

Purchase Details

Closed on
Nov 23, 1999
Sold by
Hurtado Reginald R Tr
Bought by
Brindis Robert J and Brindis Anthony R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 16, 1996
Sold by
Hurtado Reginald R
Bought by
Hurtado Reginald R and The Reginald R Hurtado Trust
Source: Public Records

Range of Values:

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Average Value
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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
Johnson Darnell J $140,000 Orange Coast Title Co Socal
Zatlin Jeffrey $50,500 Lawyers Title Company
Federal National Mortgage Association $134,800 Accommodation
Hsu Ellen $167,500 Stewart Title Company
Reina William -- Stewart Title Company
6537 Persia Trust -- --
Reina William $115,000 Fidelity National Title Co
Mcglasson John $50,000 Fidelity National Title
Brindis Robert J $25,000 Fidelity National Title
Hurtado Reginald R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Darnell J $118,000
Closed Johnson Darnell J $104,625
Previous Owner Zatlin Jeffrey $84,000
Previous Owner Zatlin Jeffrey $25,000
Previous Owner Zatlin Jeffrey $25,000
Previous Owner Hsu Ellen $124,800
Previous Owner Reina William $103,500
Previous Owner Mcglasson John Brian $37,400
Previous Owner Brindis Robert J $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $139,950 0.0% $102 / Sq Ft
06/08/2017 06/08/17 For Sale $139,950 +179.3% $102 / Sq Ft
07/14/2015 07/14/15 Sold $50,100 -39.3% $37 / Sq Ft
06/03/2015 06/03/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $82,500 -- $60 / 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 $2,482 $158,670 $11,378 $147,292
2024 $2,482 $155,559 $11,155 $144,404
2023 $2,372 $152,509 $10,936 $141,573
2022 $2,315 $149,519 $10,722 $138,797
2021 $2,288 $146,587 $10,512 $136,075
2020 $2,261 $145,084 $10,404 $134,680
2019 $2,182 $142,239 $10,200 $132,039
2018 $2,128 $139,450 $10,000 $129,450
2017 $1,179 $51,000 $12,240 $38,760
2016 $938 $50,000 $12,000 $38,000
2015 $1,893 $139,100 $40,600 $98,500
2014 -- $126,400 $36,900 $89,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT17129500

California Regional Multiple Listing Service (CRMLS)

APN: 0624-142-17