NOT LISTED FOR SALE

Estimated Value: $640,000 - $795,000

0.43 Acre
$1,672,093 Price per Acre
18,731 Sq Ft Lot

Last Sold March 10, 2023

Last sale price $525,000 $376 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,380/month

1 Day on Market

Highlights

  • 0.43 Acre Lot
  • Property is near public transit
  • No HOA

About This Lot

As of March 2023

The property is a larger lot with 0.43 acres of land. It has potential for 3 separate lots each with an ADU. It is located on Madrone Avenue but has better street frontage on 69th Street. The previous home has been condemned and demolished.

Last Agent to Sell the Property

Cindy Knox

Knox & Associates License #01769097 Listed on: 02/02/2023

Last Buyer's Agent

Wendy Ballesteros

Coldwell Banker Res. R.E. Svcs License #02049428

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,547

Lot Details

  • 0.43 Acre Lot
  • No Landscaping
  • Property is zoned RS-1-7, Urbanized communities RS-1-7 requires a minimum of 5,000 square foot lots

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 5811902600

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$5,547

Lot Details

0

Listing Details

  • Assessments: No
  • Improvements: None, home was demolished and removed
  • Possible Use Comments: This is Land Only. The lot has street frontage to 69th Street. Lot size may qualify for up to 3 lots with additional ADU's, buyer to confirm with City and County
  • Road Frontage Type: City Street
  • View: No
  • Zoning: RS-1-7
  • Zoning Description: Urbanized communities RS-1-7 requires a minimum of 5,000 square foot lots
  • Property Type: Land
  • Parcel Number: 5811902600
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 28.03

Exterior Features

  • Fence: No

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit, No Landscaping
  • Lot Size Sq Ft: 18730.80
  • Lot Size Acres: 0.4300

Multi Family

  • Lot Size Area: 0.4300 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Feb 17, 2023
Sold by
Cornelius James M
Bought by
Life And Value Llc
Seller's Agent
Cindy Knox
Knox & Associates
Buyer's Agent
Wendy Ballesteros
Coldwell Banker Res. R.E. Svcs
List Price
$600,000
Sold Price
$525,000
Premium/Discount to List
-$75,000
-12.5%
Views
15
Current Estimated Value
$719,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,000
Avg. Annual Appreciation
13.43%
Original Mortgage
$365,000
Outstanding Balance
$353,952
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$362,715

Purchase Details

Closed on
Sep 22, 2022
Sold by
Wells Susan K
Bought by
Cornelius James M

Purchase Details

Closed on
Sep 30, 2006
Sold by
Wells Susan K and The 1998 Wells Family Trust
Bought by
Wells Susan K

Purchase Details

Closed on
Apr 7, 1998
Sold by
Wells Howard F and Wells Sally H
Bought by
Wells Howard Francis and Wells Sally Halvarda
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
Life And Value Llc $525,000 First American Title
Cornelius James M -- --
Wells Susan K -- Orange Coast Title Company
Wells Howard Francis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Life And Value Llc $0
Open Life And Value Llc $365,000
Closed Life And Value Llc $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $525,000 -12.5% $376 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $600,000 -- $430 / 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 $5,547 $457,776 $457,776 --
2024 $5,547 $448,800 $448,800 --
2023 $5,132 $416,160 $364,140 $52,020
2022 $4,996 $408,000 $357,000 $51,000
2021 $548 $41,779 $14,696 $27,083
2020 $541 $41,352 $14,546 $26,806
2019 $532 $40,542 $14,261 $26,281
2018 $499 $39,748 $13,982 $25,766
2017 $487 $38,969 $13,708 $25,261
2016 $478 $38,206 $13,440 $24,766
2015 $472 $37,633 $13,239 $24,394
2014 $465 $36,897 $12,980 $23,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2300501

California Regional Multiple Listing Service (CRMLS)

APN: 581-190-26