NOT LISTED FOR SALE

6855 Araby Ave Twentynine Palms, CA 92277

Estimated Value: $198,000 - $261,000

2 Beds
2 Baths
1,092 Sq Ft
$209/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $160,000 $147 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,454/month

99 Days on Market

Highlights

  • Near a National Forest
  • Bike Trail
  • 1-Story Property

About This Home

As of July 2021

Great starter investment property. Property easy to manage. A few minutes drive or bike ride to Joshua Tree National Park. Both units are stand alone.

Last Agent to Sell the Property

Frank Rodriguez

Casa Bella Realty Group License #01173842 Listed on: 02/04/2021

Last Buyer's Agent

Julio Arana Cortes

Realty One Group West License #01950166

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,597

Year Built

  • Built in 1950

Lot Details

  • 7,200 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 0624123010000

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Near a National Forest
  • Mountainous Community

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $550
  • Trash Expense $300
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,237
  • Operating Expense $4,287
  • Gross Income $12,000
  • Net Operating Income $7,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,597

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.97
  • Other Phone Description: Kevin Sullivan
  • Other Phone Number: 310-779-9781
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0624123010000
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 146.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Mountainous, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7200.00
  • Lot Size Acres: 0.1653

Multi Family

  • Gross Income: 12000.00
  • Gross Multiplier: 14.91
  • Gross Operating Income: 11400.00
  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 550.00
  • Lot Size Area: 7200.0000 Square Feet
  • Net Operating Income: 7113.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4287.00
  • Rent Control: Yes
  • Total Actual Rent: 1000.00
  • Total Expenses: 4287.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 2237.00
  • Tax Census Tract: 104.09
  • Tax Lot: 0000
  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2021
Closed on
Jul 12, 2021
Sold by
Gabriela Rubiano
Bought by
Rubiano Guillermo
Seller's Agent
Frank Rodriguez
Casa Bella Realty Group
Buyer's Agent
Julio Arana Cortes
Realty One Group West
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%
Current Estimated Value
$226,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,199
Avg. Annual Appreciation
8.71%
Original Mortgage
$136,000
Outstanding Balance
$123,933
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$101,184

Purchase Details

Listed on
Feb 4, 2021
Closed on
Jun 27, 2021
Sold by
Rubiano Guillermo
Bought by
Lutenske Logan Caitlin
Seller's Agent
Frank Rodriguez
Casa Bella Realty Group
Buyer's Agent
Julio Arana Cortes
Realty One Group West
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Outstanding Balance
$123,933
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$101,184

Purchase Details

Closed on
Apr 4, 2005
Sold by
Schwartz Ben Ryan
Bought by
Rubiano Guillermo and Rubiano Gabriela

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
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 27, 2003
Sold by
Cooper Darlene T
Bought by
Schwartz Ben Ryan

Purchase Details

Closed on
Mar 7, 1996
Sold by
Garza Ramon
Bought by
Vacirca James T
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
Rubiano Guillermo -- --
Lutenske Logan Caitlin $160,000 Fidelity National Title
Rubiano Guillermo $117,000 Southland Title
Schwartz Ben Ryan $42,000 Commonwealth Title
Cooper Darlene T -- Commonwealth Title
Vacirca James T $17,750 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lutenske-Logan Caitlin $25,000
Open Lutenske Logan Caitlin $136,000
Previous Owner Rubiano Guillermo $116,000
Previous Owner Rubiano Guillermo $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $160,000 -10.6% $147 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $179,000 -- $164 / 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 $2,597 $169,793 $37,142 $132,651
2024 $2,597 $166,464 $36,414 $130,050
2023 $2,484 $163,200 $35,700 $127,500
2022 $2,425 $160,000 $35,000 $125,000
2021 $2,163 $134,800 $33,700 $101,100
2020 $2,281 $129,600 $32,400 $97,200
2019 $1,944 $146,204 $33,741 $112,463
2018 $2,170 $143,337 $33,079 $110,258
2017 $2,141 $140,526 $32,430 $108,096
2016 $2,103 $137,770 $31,794 $105,976
2015 $2,075 $135,700 $31,316 $104,384
2014 $2,064 $133,042 $30,703 $102,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21023561

California Regional Multiple Listing Service (CRMLS)

APN: 0624-123-01