NOT LISTED FOR SALE

707 Drown Ave Ojai, CA 93023

Estimated Value: $694,000 - $1,051,489

3 Beds
2 Baths
1,182 Sq Ft
$753/Sq Ft Est. Value

Last Sold June 05, 2015

Last sale price $412,500 $349 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $5,215/month

125 Days on Market

About This Home

As of June 2015

This cute little duplex on nearly a quarter of an acre awaits your imagination. Two bedrooms and one bath in the front and one bedroom, one bath in the back. Live in one and rent out the other, or make a family compound. Incredible Entry-Level Investment Opportunity! We offer this duplex at a great price, with a motivated seller. Rent it out, or take advantage of the redevelopment opportunity... or live in one and rent the other - so many possibilities! Act quickly.

Last Agent to Sell the Property

Martha Fellows

BHHS California Properties License #01452717 Listed on: 01/31/2015

BHHS California Properties

Last Buyer's Agent

Donna Wood

VC Property Shoppe License #01230954

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,740

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot

Home Design

  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 0220051190

Community Details

Overview

  • 2 Units
  • Ojai: Other Subdivision

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,564
  • Maintenance Expense $1,920
  • Trash Expense $336
  • Water Sewer Expense $638
  • Operating Expense $6,921
  • Net Operating Income $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,740

Year Built

Built in 1948

Lot Details

0.25 Acres

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Ojai: Other
  • Water Sewer Expenses: 638.00
  • Zoning: Ro
  • Property Type: Residential Income
  • Parcel Number: 0220051190
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One

Exterior Features

  • Roof: Composition

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 336.00
  • Cooling: Gas, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 10724.00
  • Lot Size Acres: 0.2500

Multi Family

  • Insurance Expense: 1564.00
  • Lot Size Area: 10724.0000 Square Feet
  • Maintenance Expense: 1920.00
  • Net Operating Income: 1600.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Total Expenses: 6921.00

Tax Info

  • Tax Annual Amount: 3740.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2015
Closed on
Apr 27, 2015
Sold by
Fellows Kathryn S and Fellows Martha E
Bought by
Olvera Jose and Valenciano Alma
Seller's Agent
Martha Fellows
BHHS California Properties
Buyer's Agent
Donna Wood
VC Property Shoppe
List Price
$450,000
Sold Price
$412,500
Premium/Discount to List
-$37,500
-8.33%
Current Estimated Value
$889,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,122
Avg. Annual Appreciation
7.45%
Original Mortgage
$368,843
Outstanding Balance
$277,535
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$612,087

Purchase Details

Closed on
Sep 24, 2014
Sold by
Fellows Kathryn S and Fellows Martha E
Bought by
Fellows Kathryn S and Fellows Martha E

Purchase Details

Closed on
Oct 7, 2010
Sold by
Fellows Lloyd W and Fellows Kathryn S
Bought by
Fellows Lloyd W and Fellows Kathryn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 1999
Sold by
Fellows Lloyd W and Fellows Kathryn S
Bought by
Fellows Lloyd W and Fellows Kathryn S

Purchase Details

Closed on
Dec 11, 1998
Sold by
Henson James F and Henson Carol P
Bought by
Fellows Lloyd W and Fellows Kathryn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
6.66%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olvera Jose $412,500 Consumers Title Company
Fellows Kathryn S -- None Available
Fellows Lloyd W -- Old Republic Title
Fellows Lloyd W -- Old Republic Title
Fellows Lloyd W -- --
Fellows Lloyd W $195,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olvera Jose $368,843
Previous Owner Fellows Lloyd W $196,000
Previous Owner Fellows Lloyd W $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2015 06/05/15 Sold $412,500 0.0% $349 / Sq Ft View Prior Sale
06/05/2015 06/05/15 Sold $412,500 -8.3% $349 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
06/05/2015 06/05/15 Pending -- -- --
01/31/2015 01/31/15 For Sale $450,000 0.0% $381 / Sq Ft
10/12/2014 10/12/14 For Sale $450,000 -- $381 / Sq Ft
Source: Ventura County Regional Data Share

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 $7,579 $495,755 $360,551 $135,204
2024 $7,579 $486,035 $353,482 $132,553
2023 $7,305 $476,505 $346,551 $129,954
2022 $7,245 $467,162 $339,756 $127,406
2021 $7,188 $458,002 $333,094 $124,908
2020 $7,022 $453,308 $329,680 $123,628
2019 $10,471 $444,420 $323,216 $121,204
2018 $10,386 $435,707 $316,879 $118,828
2017 $10,259 $427,165 $310,666 $116,499
2016 $9,636 $418,790 $304,575 $114,215
2015 $4,325 $254,349 $195,657 $58,692
2014 -- $249,369 $191,825 $57,544
Source: Public Records

Agents Affiliated with this Home

  • Martha Fellows

    Seller's Agent in 2015

    Martha Fellows

    BHHS California Properties

    (805) 798-1106

    8 Total Sales

    Martha Fellows
    Section Image
  • Donna Wood

    Buyer's Agent in 2015

    Donna Wood

    VC Property Shoppe

    (805) 340-2741

    1 in this area

    86 Total Sales

    Donna Wood
    Section Image
  • Diane Wood

    Buyer's Agent in 2015

    Diane Wood

    White House Properties

    (818) 999-3100

    1 Total Sale

    Diane Wood
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V0-215001536

Ventura County Regional Data Share

APN: 022-0-051-190

California Ventura County Ojai 93023

707 Drown Ave, Ojai, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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