Seller's Agent in 2019
Grant Hahn
Morgan Skenderian
(949) 251-8800
3 in this area
10 Total Sales
7251 20th St Westminster, CA 92683
Estimated Value: $911,000 - $1,090,863
0.35
Acre
$2,811,516
Price per Acre
15,342
Sq Ft Lot
Highlights
- 0.35 Acre Lot
- No HOA
- 5-minute walk to Frank G Fry Park
- Westminster High School Rated A
- Neighborhood Views
About This Lot
As of May 2019The property has been approved and entitled to build 11 multi-residential units. The proposed 11 unit apartment complex will have a unit mix of (2) 1 bedroom/1.5 bath units, (9) 2 bedroom/2.5 bath units. All units will be townhouse style with attached garages and direct access from the garage into the units. The property is located within minutes of the 405 and 22 Freeways and is within walking distance to Schmitt Elementary School. The development has been approved by the city council of Westminster and includes two affordable units under the California Density Bonus program.
The city of Westminster has not had development of new for rent units in a long time, as a result the rental market is extremely tight with an vacancy rate of only 3%. The medianage or year built of apartments within a 5 mile radius is 1966. Less than 1% of the rentalhousing in a 5 mile radius was built since 2010. Upon completion of the development, the developer will have one of the nicest apartment buildings in the area which will command top of the market rents.
The existing property is comprised of 3 adjacent parcels totaling 15,341 sq.ft. Currently, there is one 2 bedroom home, and 2 duplexes with four 1 bedroom units.
Last Agent to Sell the Property
Morgan Skenderian License #01197893 Listed on: 11/14/2018
Property Details
Property Type
- Land
Lot Details
- 0.35 Acre Lot
- Density is 21-25 Units/Acre
- 096-063-10, 096-063-11
- Land Lease
- Property is zoned R5 (25 units per acre)
Property Views
- Neighborhood Views
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 09606309
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2018
Closed on
Mar 15, 2019
Sold by
Albers Christopher J
Bought by
Kt Global Llc
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Ha Duong
Beeyond Realty
List Price
$2,475,000
Sold Price
$1,750,000
Premium/Discount to List
-$725,000
-29.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$759,784
Avg. Annual Appreciation
-8.10%
Purchase Details
Closed on
Jun 30, 2015
Sold by
Portolan Kenneth R and Portolan Pamela K
Bought by
The Christopher J Albers & Laurie E Albe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 28, 2014
Sold by
Robbins Joseph Edward and Robbins Susan Jean
Bought by
Portolan Kenneth R and Portolan Pamela K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,600
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 25, 2011
Sold by
Robbins Joseph E and Robbins Susan Jean
Bought by
Robbins Joseph Edward and Robbins Susan Jean
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kt Global Llc | $1,750,000 | First American Title | |
| The Christopher J Albers & Laurie E Albe | $159,000 | First American Title Company | |
| Portolan Kenneth R | $928,000 | North American Title Company | |
| Robbins Joseph Edward | -- | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | The Christopher J Albers & Laurie E Albe | $649,000 | |
| Previous Owner | Portolan Kenneth R | $649,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2019 05/01/19 | Sold | $1,750,000 | -9.1% | $1,657 / Sq Ft |
| 02/27/2019 02/27/19 | Pending | -- | -- | -- |
| 12/28/2018 12/28/18 | Price Changed | $1,925,000 | -22.2% | $1,823 / Sq Ft |
| 11/14/2018 11/14/18 | For Sale | $2,475,000 | -- | $2,344 / 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 | $11,333 | $976,076 | $937,129 | $38,947 |
| 2024 | $11,333 | $956,938 | $918,754 | $38,184 |
| 2023 | $10,949 | $938,175 | $900,739 | $37,436 |
| 2022 | $10,789 | $919,780 | $883,078 | $36,702 |
| 2021 | $10,536 | $901,746 | $865,763 | $35,983 |
| 2020 | $10,411 | $892,500 | $856,885 | $35,615 |
| 2019 | $4,257 | $328,865 | $287,597 | $41,268 |
| 2018 | $4,255 | $322,417 | $281,958 | $40,459 |
| 2017 | $4,103 | $316,096 | $276,430 | $39,666 |
| 2016 | $3,981 | $309,899 | $271,010 | $38,889 |
| 2015 | $3,949 | $308,324 | $269,766 | $38,558 |
| 2014 | $2,787 | $202,600 | $159,916 | $42,684 |
Source: Public Records
Agents Affiliated with this Home
-
Grant Hahn
-
Ha Duong
H
Buyer's Agent in 2019
Ha Duong
Beeyond Realty
(626) 802-5595
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18273926
APN: 096-063-09
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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