NOT LISTED FOR SALE

7022 Watcher St Commerce, CA 90040

Estimated Value: $667,000 - $1,098,000

6 Beds
2 Baths
1,686 Sq Ft
$536/Sq Ft Est. Value

Last Sold July 10, 2012

Last sale price $365,000 $216 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $5,290/month

124 Days on Market

About This Home

As of July 2012

2-UNITS;FRONT 3BED 1BA, BACK UNIT 3BED 1BA, GREAT INCOME PROPERTY $3200.00 ZONING IS R3 GREAT TO ADD ADDITIONAL UNIT FOR MUCH MORE INCOME! THIS DUPLEX HAS BEEN REMODELED WITHIN THE LAST 2YRS AND KEPT UP BY THE OWNER. HARD WOOD FLOORS, CERAMIC TILE AND NEW CABINETS IN KITCHEN. BOTH PROPERTIES HAVE THEIR OWN SEPARATE YARDS, FRUIT TREES AND COVERED PATIOS. THE LARGE DRIVE WAY CAN FIT UP TO 6+ CARS. THE OWNER WILL NOT DELIVER PROPERTY VACANT THIS WILL BE THE BUYER'S RESPONSIBILITY. TENANTS ARE CURRENTLY ON A MONTH TO MONTH AGREEMENT, OCCUPIED WITH EXCELLENT TENANTS.

Last Agent to Sell the Property

Olga Castillo

Keller Williams Spectrum Prop. License #01480841 Listed on: 02/07/2012

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,552

Year Built

  • Built in 1948

Lot Details

  • 8,163

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,686 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 8 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • 8,163 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Assessor Parcel Number 6357012011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $745
  • Trash Expense $75
  • Water Sewer Expense $100
  • New Taxes Expense $4,999
  • Gross Income $3,250
  • Net Operating Income $32,341

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,552

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: Yes
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 6357012011
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Levels: One
  • Price Per Square Foot: 216.49

Exterior Features

  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Trash Expense: 75.00

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 8163.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3250.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 745.00
  • Lot Size Area: 8163.0000 Square Feet
  • Net Operating Income: 32341.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6634.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4999.00
  • Tax Lot: 16
  • Tax Tract Number: 0000
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2012
Closed on
Jul 23, 2012
Sold by
Bassily Nabil
Bought by
Perez Pedro Rosas and Inigues Pedro Rosas
Seller's Agent
Olga Castillo
Keller Williams Spectrum Prop.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$425,000
Sold Price
$365,000
Premium/Discount to List
-$60,000
-14.12%
Current Estimated Value
$903,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$538,062
Avg. Annual Appreciation
7.14%
Original Mortgage
$353,479
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 13, 2009
Sold by
Bassily Nadia
Bought by
Bassily Nabil

Purchase Details

Closed on
Jul 16, 2009
Sold by
Vicencio Juan M and Vicencio Graciela
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Oct 30, 2000
Sold by
Villagrana Salvador M and Villagrana Guadalupe
Bought by
Vicencio Juan M and Vicencio Graciela

Purchase Details

Closed on
Sep 21, 1993
Sold by
Villagrana Salvador M and Villagrana Guadalupe
Bought by
Villagrana Salvador M and Villagrana Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
6.95%
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
Perez Pedro Rosas $390,000 Orange Coast Title Company O
Inigues Pedro Rosas -- Orange Coast Title Company O
Bassily Nabil -- Chicago Title Company
Bassily Nabil $270,000 Chicago Title Company
Deutsche Bank National Trust Company -- Chicago Title Company
Onewest Bank Fsb $261,923 None Available
Vicencio Juan M -- --
Villagrana Salvador M -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Pedro Rosas $347,000
Closed Perez Pedro Rosas $353,479
Previous Owner Vicencio Juan M $487,200
Previous Owner Vicencio Juan M $50,000
Previous Owner Vicencio Juan M $295,500
Previous Owner Vicencio Juan M $246,000
Previous Owner Vicencio Juan M $212,000
Previous Owner Vicencio Juan M $25,000
Previous Owner Vicencio Juan M $173,000
Previous Owner Villagrana Salvador M $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2012 07/10/12 Sold $365,000 -14.1% $216 / Sq Ft
06/10/2012 06/10/12 Pending -- -- --
02/07/2012 02/07/12 For Sale $425,000 -- $252 / 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 $4,552 $344,789 $221,651 $123,138
2024 $4,552 $338,029 $217,305 $120,724
2023 $4,559 $331,402 $213,045 $118,357
2022 $4,405 $324,905 $208,868 $116,037
2021 $4,255 $318,535 $204,773 $113,762
2020 $4,224 $315,270 $202,674 $112,596
2019 $4,096 $309,089 $198,700 $110,389
2018 $4,086 $303,029 $194,804 $108,225
2016 $3,900 $291,264 $187,241 $104,023
2015 $3,670 $286,890 $184,429 $102,461
2014 $3,631 $281,271 $180,817 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: H12017479

California Regional Multiple Listing Service (CRMLS)

APN: 6357-012-011