NOT LISTED FOR SALE

721 S Crane Ave Compton, CA 90221

Estimated Value: $612,000 - $727,000

4 Beds
2 Baths
1,289 Sq Ft
$518/Sq Ft Est. Value

Last Sold July 16, 2018

Last sale price $445,000 $345 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,511/month

19 Days on Market

About This Home

As of July 2018

Two separate units, 3-bedrooms, 2-bathrooms, 2-car detached garage. Close to shopping stores, schools and public transportation.

Last Listed By

Mary Bonilla

Excellence RE Real Estate, Inc. License #01429874 Listed on: 04/01/2018

Excellence RE Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,273

Year Built

  • Built in 1954

Lot Details

  • 5,590 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,289 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Suburban Location
  • Private Water Source

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 6875
  • Assessor Parcel Number 6179029023

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $1,200
  • Trash Expense $850
  • Water Sewer Expense $1,920
  • New Taxes Expense $3,792
  • Operating Expense $9,562
  • Gross Income $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,273

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1920.00
  • Zoning: COPRM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6179029023
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 345.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 850.00
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5590.00
  • Lot Size Acres: 0.1283

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 9600.00
  • Gross Scheduled Income: 9600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5590.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 9562.00

Tax Info

  • New Taxes Expense: 3792.00
  • Tax Census Tract: 5424.01
  • Tax Lot: 50
  • Tax Tract Number: 6875

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2024
Sold by
Pinon Miguel I
Bought by
Pinon Juan and Pinon Cynthia
Total Days on Market
19
Current Estimated Value
$667,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Outstanding Balance
$44,519
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$618,792

Purchase Details

Listed on
Apr 1, 2018
Closed on
Jul 10, 2018
Sold by
Velasquez Marcelino and Velasquez Veronica
Bought by
Pinon Juan and Gonzalez Cynthia
Seller's Agent
Mary Bonilla
Excellence RE Real Estate, Inc.
Buyer's Agent
Mary Bonilla
Excellence RE Real Estate, Inc.
List Price
$440,000
Sold Price
$445,000
Premium/Discount to List
$5,000
1.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%
Original Mortgage
$436,939
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 22, 2004
Sold by
Velasquez Veronica A
Bought by
Velasquez Marcelino and Velasquez Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,300
Interest Rate
5.74%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 30, 1999
Sold by
Hernandez Raul B
Bought by
Velazquez Marcelino and Velazquez Veronica A

Purchase Details

Closed on
Jun 5, 1998
Sold by
Alba Juan C and Alba Francisca
Bought by
Velazquez Marcelino and Velazquez Veronica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,518
Interest Rate
6.91%
Mortgage Type
FHA

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
Pinon Juan -- First American Title Insurance
Pinon Juan -- First American Title Insurance
Pinon Juan $445,000 Orange Coast Title Company
Pinon Miguel I -- Orange Coast Title Company
Velasquez Marcelino -- Southland Title Corporation
Velazquez Marcelino -- --
Velazquez Marcelino $151,000 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinon Juan $45,000
Closed Pinon Juan $45,000
Previous Owner Pinon Juan $436,939
Previous Owner Velasquez Marcelino $294,000
Previous Owner Velasquez Marcelino $222,300
Previous Owner Velazquez Marcelino $148,518
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2018 07/16/18 Sold $445,000 0.0% $345 / Sq Ft
04/23/2018 04/23/18 Off Market $445,000 -- --
04/21/2018 04/21/18 For Sale $440,000 -1.1% $341 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
04/06/2018 04/06/18 Off Market $445,000 -- --
04/01/2018 04/01/18 For Sale $440,000 -- $341 / 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
2024 $9,273 $486,668 $246,068 $240,600
2023 $9,141 $477,127 $241,244 $235,883
2022 $7,986 $467,772 $236,514 $231,258
2021 $8,072 $458,601 $231,877 $226,724
2020 $7,928 $453,900 $229,500 $224,400
2019 $7,836 $445,000 $225,000 $220,000
2018 $3,897 $206,670 $95,805 $110,865
2016 $3,708 $198,647 $92,086 $106,561
2015 $3,550 $195,664 $90,703 $104,961
2014 $3,493 $191,832 $88,927 $102,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18074466

California Regional Multiple Listing Service (CRMLS)

APN: 6179-029-023