NOT LISTED FOR SALE

Estimated Value: $1,006,254

0.35 Acre
$2,857,053 Price per Acre
15,341 Sq Ft Lot

Sale Details

Date Sold: May 1, 2019

Last sale price $1,750,000 $1,657 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $6,498 / mo

105 Days on Market

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 2019

The 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

Grant Hahn

Morgan Skenderian License #01197893 Listed on: 11/14/2018

Last Buyer's Agent

Ha Duong

Beeyond Realty License #01966285

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Property Details

Property Type

  • Land

Lot Details

  • 15,341 Sq Ft 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

Property Details

Property Type

Land

Lot Details

0.35 Acres

Listing Details

  • View: Yes
  • Zoning: R5 (25 units per acre)
  • Property Type: Land
  • Parcel Number: 09606309
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 114.07

Exterior Features

  • View: Neighborhood

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 096-063-10, 096-063-11
  • Land Lease: Yes
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 15341.00
  • Lot Size Acres: 0.3522

Multi Family

  • Lot Size Area: 15341.0000 Square Feet

Tax Info

  • Tax Census Tract: 999.04

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Mar 15, 2019
Sold by
Bought by
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
$1,006,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$743,746
Avg. Annual Appreciation
-7.34%

Purchase Details

Closed on
Jun 30, 2015
Sold by
Bought by

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
Bought by

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
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
4.02%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westminster, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,750,000 First American Title
$159,000 First American Title Company
$928,000 North American Title Company
-- Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $649,000
Previous Owner $649,600
Previous Owner $78,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,479 $995,597 $955,872 $39,725
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18273926

California Regional Multiple Listing Service (CRMLS)

APN: 096-063-09

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