Seller's Agent in 2021
James Bobbett
Reliance Real Estate Services
(714) 928-9032
42 in this area
162 Total Sales
655 Drake Ave Fullerton, CA 92832
Golden Hills NeighborhoodEstimated Value: $1,167,000 - $1,298,000
3
Beds
3
Baths
2,265
Sq Ft
$538/Sq Ft
Est. Value
Highlights
- View of Trees or Woods
- Midcentury Modern Architecture
- No HOA
- Golden Hill Elementary School Rated A-
- Main Floor Bedroom
- Living Room
About This Home
As of August 2021An ideal and unique opportunity awaits in coveted Golden Hills. 655 Drake Ave offers a rare chance to purchase a two on a lot property in a prized single family home neighborhood. The main home sits at street level and comprises 2 Bedrooms PLUS DEN, 2 Bathrooms in approx. 1,600 sq feet, on two levels. Built in 1996, the fully detached ADU comprises 1 Bedroom and 1 Bathroom with a huge deck sitting above 3 single car garages, enjoying private access via Leland Drive. The main home was built in 1952 and retains many of its original architectural details include beamed ceilings, wainscoting and multiple built ins. The unique lay out provides a lower level with family room and separate entry, perhaps allowing for an ideal work at home arrangement or multi-generational living. A large deck runs across the rear of the home creating a tree house feeling overlooking the trees and canyon beyond. A shaded rear yard is private and is one of the ways to access the ADU down the hillside. Built in 1996, with permits, the ADU is a spacious 1 Bed, 1 Bath unit that sits on top of 3 single car garages and enjoys its own deck and easy access via Leland Drive with a small driveway for 1 or 2 cars. The property is currently rented and generating a total annual income of $48,000, providing a solid 3.8% CAP rate. Great proximity to schools, shopping, DT Fullerton and fwys. Don’t miss this rare and unique hillside investment or owner-occupant opportunity.
Last Agent to Sell the Property
Reliance Real Estate Services License #01272441 Listed on: 07/29/2021
Last Buyer's Agent
Reliance Real Estate Services License #01272441 Listed on: 07/29/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 6,146 Sq Ft Lot
- No Common Walls
- Wood Fence
- Chain Link Fence
- Lot Sloped Down
- Front Yard
Parking
- 3 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
- Driveway
Home Design
- Duplex
- Midcentury Modern Architecture
- Additions or Alterations
- Slab Foundation
- Rolled or Hot Mop Roof
- Stucco
Interior Spaces
- 2,265 Sq Ft Home
- 2-Story Property
- Living Room
- Living Room Balcony
- Laminate Flooring
- Views of Woods
- Disposal
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- 3 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 50
- Tax Tract Number 588
- Assessor Parcel Number 03204115
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,020
- Insurance Expense $1,500
- Trash Expense $1,000
- Water Sewer Expense $2,500
- New Taxes Expense $9,562
- Operating Expense $15,582
- Gross Income $48,000
- Net Operating Income $32,418
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2021
Closed on
Aug 15, 2021
Sold by
Torre Timothy J and Torre Deborah O
Bought by
Brundage Investment Llc
Seller's Agent
James Bobbett
Reliance Real Estate Services
Buyer's Agent
James Bobbett
Reliance Real Estate Services
List Price
$850,000
Sold Price
$880,000
Premium/Discount to List
$30,000
3.53%
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
$339,114
Avg. Annual Appreciation
7.78%
Purchase Details
Closed on
Mar 11, 2005
Sold by
Kumar Indra
Bought by
Torre Timothy J and Torre Deborah O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,600
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Brundage Investment Llc | $880,000 | Chicago Title Company | |
| Torre Timothy J | $537,000 | Orange Coast Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Torre Timothy J | $359,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $880,000 | +3.5% | $389 / Sq Ft |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- |
| 07/29/2021 07/29/21 | For Sale | $850,000 | 0.0% | $375 / Sq Ft |
| 09/14/2013 09/14/13 | Rented | $2,200 | -6.4% | -- |
| 09/11/2013 09/11/13 | Under Contract | -- | -- | -- |
| 08/15/2013 08/15/13 | For Rent | $2,350 | -- | -- |
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 | $10,306 | $933,863 | $798,396 | $135,467 |
| 2024 | $10,306 | $915,552 | $782,741 | $132,811 |
| 2023 | $10,059 | $897,600 | $767,393 | $130,207 |
| 2022 | $9,994 | $880,000 | $752,346 | $127,654 |
| 2021 | $8,014 | $695,397 | $508,785 | $186,612 |
| 2020 | $7,970 | $688,267 | $503,568 | $184,699 |
| 2019 | $7,754 | $673,922 | $493,694 | $180,228 |
| 2018 | $7,629 | $659,875 | $484,014 | $175,861 |
| 2017 | $7,503 | $646,937 | $474,524 | $172,413 |
| 2016 | $7,348 | $634,252 | $465,219 | $169,033 |
| 2015 | $6,655 | $578,960 | $428,190 | $150,770 |
| 2014 | $6,584 | $578,960 | $428,190 | $150,770 |
Source: Public Records
Agents Affiliated with this Home
-
James Bobbett
-
Martina Bobbett
M
Seller Co-Listing Agent in 2021
Martina Bobbett
Circa Properties, Inc.
(714) 310-9446
41 in this area
130 Total Sales
-
K
Seller's Agent in 2013
Kumar Patel
Great Designs Realty & Dev Inc
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21166642
APN: 032-041-15
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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
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