NOT LISTED FOR SALE

Estimated Value: $710,733 - $982,000

3 Beds
2 Baths
1,250 Sq Ft
$624/Sq Ft Est. Value

Last Sold September 26, 2014

Last sale price $370,000 $296 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $4,515/month

43 Days on Market

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Laundry Room
  • Contemporary Architecture
  • 4 Car Direct Access Garage
  • Central Heating and Cooling System

About This Home

As of September 2014

Very clean single story duplex on a double lot. Both units have three bedrooms and two full baths, as well as a large living room. The front unit has direct access into a two car garage, where the private laundry hookups are located. The front unit has a large unfenced yard that could be made into a very nice garden. There is a large tree in the middle of the yard providing a lot of shade in the summer. Just right for throwing a party.
The rear unit is the same as the front and it has been repainted, carpeted and new blinds have been installed all within the last 7-8 months. In the kitchen is a newer range & oven new dishwasher and new counter tops. All recently installed. The rear unit has a very large fully fenced yard and there is plenty of room for a patio or deck. The rear yard also has a large hill which makes it private.
Both units have a two car garage, newer water heaters and forced air units with central air conditioning. The price also include the large lot to the east of the building. This lot was once zoned for another building but no one has chosen to build it.

Last Agent to Sell the Property

Steve Wetherbee

Wethergage Management Inc License #00494304 Listed on: 03/23/2014

Last Buyer's Agent

Hoang Chu

Coldwell Banker Envision License #01901292

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Carpet

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, HVAC maintenance, trash collection, water
  • Tax Lot 22
  • Tax Tract Number 6929
  • Assessor Parcel Number 185270024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $600
  • Professional Management Expense $1,200
  • New Taxes Expense $4,200
  • Gross Income $2,485
  • Net Operating Income $24,588

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: All built ins
  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 185270024
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Kitchen
  • Levels: One
  • Price Per Square Foot: 296.00
  • Room Type: All Bedrooms Down
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Direct Garage Access
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, HVAC Maintenance, Trash Collection, Water

Multi Family

  • Average3 Bed Area: 1300
  • Gross Income: 2485.00
  • Gross Scheduled Income: 29820.00
  • Insurance Expense: 600.00
  • Lot Size Area: 12197.0000 Square Feet
  • Net Operating Income: 24588.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 4338.00
  • Operating Expense Percent: 15.00
  • Rent Control: No
  • Total Actual Rent: 2485.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4200.00
  • Tax Lot: 22
  • Tax Tract Number: 6929
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2014
Closed on
Aug 28, 2014
Sold by
Wetherbee Richard D and Wetherbee Darrell L
Bought by
Wetherbee D Stephen
Seller's Agent
Steve Wetherbee
Wethergage Management Inc
Buyer's Agent
Hoang Chu
Coldwell Banker Envision
List Price
$390,000
Sold Price
$370,000
Premium/Discount to List
-$20,000
-5.13%
Current Estimated Value
$780,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,433
Avg. Annual Appreciation
6.80%
Original Mortgage
$230,000
Interest Rate
3.19%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 23, 2014
Closed on
Aug 26, 2014
Sold by
Torgerson Harry L
Bought by
Hou Andy A and Wu Elsa Y
Seller's Agent
Steve Wetherbee
Wethergage Management Inc
Buyer's Agent
Hoang Chu
Coldwell Banker Envision
List Price
$390,000
Sold Price
$370,000
Premium/Discount to List
-$20,000
-5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2004
Sold by
Torgerson Harry L
Bought by
Torgerson Harry L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wetherbee D Stephen -- Wfg Title Company
Hou Andy A $350,000 Wfg Title Co
Wetherbee D Stephen -- Wfg Title Company
Torgerson Harry L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hou Andy A $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2014 09/26/14 Sold $370,000 -5.1% $296 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
03/23/2014 03/23/14 For Sale $390,000 +47.2% $312 / Sq Ft
03/15/2012 03/15/12 Sold $265,000 +6.0% $102 / Sq Ft View Prior Sale
02/18/2012 02/18/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $250,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,470 $414,627 $66,096 $348,531
2023 $4,470 $398,529 $63,530 $334,999
2022 $4,394 $390,716 $62,285 $328,431
2021 $4,363 $383,056 $61,064 $321,992
2020 $4,323 $379,129 $60,438 $318,691
2019 $4,238 $371,696 $59,253 $312,443
2018 $4,102 $364,409 $58,093 $306,316
2017 $4,060 $357,264 $56,954 $300,310
2016 $4,062 $355,337 $60,915 $294,422
2015 $4,007 $350,000 $60,000 $290,000
2014 $2,922 $267,115 $67,522 $199,593
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14060261

California Regional Multiple Listing Service (CRMLS)

APN: 185-270-024