NOT LISTED FOR SALE

Estimated Value: $1,030,000 - $1,239,000

-- Bed
-- Bath
3,818 Sq Ft
$296/Sq Ft Est. Value

Last Sold March 13, 2017

Last sale price $688,375 $180 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,730/month

21 Days on Market

About This Home

As of March 2017

This is a two-story, 3-unit property located across from Eastman Park in North Oxnard. All three units offer the highly-desired 2-bedroom, two-bathroom with fireplace units. The new owner can expect to increase rents from the very conservatively-priced $1,400 per unit – a $100-$200 under-market rental rate. These units are generous in size, with the average of each unit at 1,273 square feet.

Last Agent to Sell the Property

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 01/17/2017

Apartment Investment Specialists

Last Buyer's Agent

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 01/17/2017

Apartment Investment Specialists

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,689

Year Built

  • Built in 1966

Lot Details

  • 6,153

Additional Features

  • Laundry Room
  • 6,153 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 200-0-422-115

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $360
  • Fuel Expense $1,380
  • Insurance Expense $2,900
  • Water Sewer Expense $5,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,689

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1966
  • Income Expenses Electric Expense: 360.0
  • Income Expenses Gas Expense: 1380.0
  • Monthly Income: 50400.0
  • Income Expenses Water Expense: 5040.0
  • ResoLaundryFeatures: Laundry Room
  • Property Information Year Built2: 1966
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Laundry Laundry Room2: Yes
  • Property Information Apx Lot SqFt: 6153.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.14

Fee Information

  • Annual Fuel Expense: 1380.0
  • Annual Water Sewer Expense: 5040.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 200-0-422-115
  • Zoning: R-2
  • Lot Size Sq Ft: 6153.0

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 360.0
  • Insurance Expense: 2900.0
  • Total Actual Rent: 50400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2017
Closed on
Feb 8, 2017
Sold by
Madrigal Benito and Madrigal Michelle
Bought by
Xie Shunxing and Huang Yi
Seller's Agent
Craig Lieberman
Apartment Investment Specialists
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists
List Price
$740,000
Sold Price
$688,375
Premium/Discount to List
-$51,625
-6.98%
Current Estimated Value
$1,129,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,001
Avg. Annual Appreciation
5.90%
Original Mortgage
$481,860
Outstanding Balance
$398,848
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$730,528

Purchase Details

Closed on
Dec 22, 2004
Sold by
Johnston Kelly J and Freeland Adrienne D
Bought by
Madrigal Benito and Madrigal Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 1995
Sold by
Reardon Marilyn F
Bought by
Johnston Jeffrey M and Johnston Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
7.37%

Purchase Details

Closed on
Oct 5, 1995
Sold by
Web Service Company Inc
Bought by
Reardon Marilyn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
7.37%

Purchase Details

Closed on
Mar 11, 1994
Sold by
Reardon Marilyn F
Bought by
Reardon Marilyn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
7%
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
Xie Shunxing $688,500 Fidelity Natl Title
Madrigal Benito $650,000 Fidelity National Title Co
Johnston Jeffrey M -- Commonwealth Land Title Co
Reardon Marilyn F -- Commonwealth Land Title Co
Reardon Marilyn F -- Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xie Shunxing $481,860
Previous Owner Madrigal Benito $455,000
Previous Owner Johnston Jeffrey M $159,000
Previous Owner Reardon Marilyn F $33,000
Closed Madrigal Benito $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2017 03/13/17 Sold $688,375 -7.0% $180 / Sq Ft
02/07/2017 02/07/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $740,000 -- $194 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $9,689 $798,911 $452,627 $346,284
2024 $9,689 $783,247 $443,752 $339,495
2023 $9,335 $767,890 $435,051 $332,839
2022 $9,054 $752,834 $426,521 $326,313
2021 $8,982 $738,073 $418,158 $319,915
2020 $9,149 $730,507 $413,871 $316,636
2019 $8,891 $716,184 $405,756 $310,428
2018 $8,766 $702,142 $397,800 $304,342
2017 $8,159 $675,000 $420,000 $255,000
2016 $7,144 $600,000 $375,000 $225,000
2015 $7,329 $600,000 $375,000 $225,000
2014 $5,926 $480,000 $275,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-177

Santa Barbara Multiple Listing Service

APN: 200-0-422-115