NOT LISTED FOR SALE

73990 Verbena Dr Twentynine Palms, CA 92277

Estimated Value: $227,863 - $242,000

1 Bed
1 Bath
1,076 Sq Ft
$220/Sq Ft Est. Value

Last Sold July 30, 2020

Last sale price $130,000 $121 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $1,446/month

64 Days on Market

Highlights

  • Near a National Forest
  • Park
  • Laundry Room
  • Corner Lot

About This Home

As of July 2020

Nice duplex located minutes from the center of town. 2 1 bed 1 bath units with raised ceilings and tile and laminate floors. The units are in good condition. The front entrances are nicely landscaped, There are full baths, including tubs, in both units, the kitchens have plenty of storage and counter space. Units were recently repiped. There is room for washers and dryers. Both units have long term tenants paying below market rents.

Last Agent to Sell the Property

Jeffrey Zatlin

Coldwell Banker Roadrunner License #01955130 Listed on: 04/29/2020

Coldwell Banker Roadrunner

Co-Listed By

Steve Enochs

Coldwell Banker Roadrunner License #01209428

Last Buyer's Agent

Bryon O'Reilly

CHRIS ARMEN License #01961492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,297

Year Built

  • Built in 1970

Lot Details

  • 4,800 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Level Lot

Home Design

  • 1,076 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Suburban Location
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 53
  • Tax Tract Number 2613
  • Assessor Parcel Number 0623031090000

Community Details

Overview

  • 2 Units
  • Near a National Forest

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $300
  • New Taxes Expense $1,800
  • Operating Expense $2,900
  • Gross Income $12,000
  • Net Operating Income $9,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,297

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 0623031090000
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 120.82

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Blm/National Forest, Park, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Sq Ft: 4800.00
  • Lot Size Acres: 0.1102

Multi Family

  • Average1 Bed Area: 538 Square Feet
  • Gross Income: 12000.00
  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 4800.0000 Square Feet
  • Net Operating Income: 9100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2900.00
  • Rent Control: No
  • Total Expenses: 2900.00

Tax Info

  • New Taxes Expense: 1800.00
  • Tax Census Tract: 104.21
  • Tax Lot: 53
  • Tax Tract Number: 2613

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2023
Sold by
Oreilly Bryon
Bought by
Bbath1 Llc
Current Estimated Value
$236,716

Purchase Details

Listed on
Apr 29, 2020
Closed on
Jul 10, 2020
Sold by
Sorescu Maria
Bought by
Oreilly Bryon and Oreilly David
Seller's Agent
Jeffrey Zatlin
Coldwell Banker Roadrunner
Buyer's Agent
Bryon O'Reilly
CHRIS ARMEN
List Price
$150,000
Sold Price
$130,000
Premium/Discount to List
-$20,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$97,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2001
Sold by
Bixby Elon Rew
Bought by
Sorescu Maria
Source: Public Records

Range of Values:

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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
Bbath1 Llc -- Title Co
Oreilly Bryon $130,000 Orange Coast Title
Oreilly David -- Orange Coast Title Company
Oreilly Bryon -- Orange Coast Title Company
Sorescu Maria $24,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oreilly Bryon $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $130,000 -13.3% $121 / Sq Ft
04/29/2020 04/29/20 For Sale $150,000 -- $139 / 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
2025 $2,297 $140,716 $16,236 $124,480
2024 $2,297 $137,957 $15,918 $122,039
2023 $2,191 $135,252 $15,606 $119,646
2022 $2,137 $132,600 $15,300 $117,300
2021 $2,112 $130,000 $15,000 $115,000
2020 $1,192 $44,576 $5,402 $39,174
2019 $1,130 $43,702 $5,296 $38,406
2018 $1,102 $42,845 $5,192 $37,653
2017 $1,083 $42,005 $5,090 $36,915
2016 $1,063 $41,181 $4,990 $36,191
2015 $1,060 $40,562 $4,915 $35,647
2014 $1,056 $39,768 $4,819 $34,949
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT20082704

California Regional Multiple Listing Service (CRMLS)

APN: 0623-031-09