7516 Wellman St Unit 2 Commerce, CA 90040
Estimated Value: $752,000 - $869,000
4
Beds
3
Baths
1,660
Sq Ft
$482/Sq Ft
Est. Value
Highlights
- Private Yard
- Laundry Room
- 1-Story Property
- No HOA
- Fenced
About This Home
As of July 2019Charming Commerce Duplex. Very maticulate lawns and walkways with a variety of fruit trees, to include 4 mango trees from California, Hawaii, Jalisco Mexico and Manila Philippines: Orange tree, Lemon tree, sweet Guayaba tree (Japanese) and sweet persimmons tree (Japanese) also a cactus plant. The main home is three bedrooms with 2 baths. The front room is the living room that opens up to the kitchen with florescent lighting and lots of counter space and a eat at bar. Their is a step down from kitchen to a newly painted with new base boards and laminate flooring dining area and large family room. Also a non permitted room that once was a patio is now an extra room which has new paint, new laminate flooring and baseboards. The main home has a laundry room fresh paint and lots of storage. The smaller unit has its own yard and seperate address and a gated area. Inside it has a kitchen with stove and frig that will stay. Also it has an open room with fresh paint, new laminate floors and base boards as well as the bedroom. The bathroom has a new vanity new floors and paint. The backyard is a great size for entertaining and it has a cement pad for parking a vehicle off the large gate that opens to the alley. Commerce has Free Trash pick up and free buses. This is a great investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,372
Year Built
- Built in 1950
Lot Details
- 7,181 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in average condition
- Private Yard
- Back and Front Yard
Home Design
- Duplex
Interior Spaces
- 1,660 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 38
- Tax Tract Number 12751
- Assessor Parcel Number 6356011007
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,201
- Fuel Expense $720
- Gardener Expense $900
- Insurance Expense $1,100
- Water Sewer Expense $960
- New Taxes Expense $7,363
- Operating Expense $12,244
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 11, 2019
Closed on
Jul 17, 2019
Sold by
Guerrero Juan
Bought by
Guerrero Maria
Seller's Agent
Shannon Brown
Beach To Hills Homes
Buyer's Agent
ERICK MACHUCA
CENTRAL FINANCIAL & REALTY
List Price
$539,000
Sold Price
$549,000
Premium/Discount to List
$10,000
1.86%
Total Days on Market
100
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
$250,924
Avg. Annual Appreciation
6.53%
Original Mortgage
$539,056
Outstanding Balance
$478,491
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$313,469
Purchase Details
Listed on
Mar 11, 2019
Closed on
Jun 26, 2019
Sold by
Guerrero Maria and Guerrero Family Revocable Trus
Bought by
Flores Alejandro Alonso and Flores Alejandro
Seller's Agent
Shannon Brown
Beach To Hills Homes
Buyer's Agent
ERICK MACHUCA
CENTRAL FINANCIAL & REALTY
List Price
$539,000
Sold Price
$549,000
Premium/Discount to List
$10,000
1.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,056
Outstanding Balance
$478,491
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$313,469
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flores Alejandro Alonso | $549,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Flores Alejandro Alonso | $539,056 | |
| Previous Owner | Guerrero Juan | $70,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2019 07/25/19 | Sold | $549,000 | +1.9% | $331 / Sq Ft |
| 06/19/2019 06/19/19 | Pending | -- | -- | -- |
| 05/23/2019 05/23/19 | For Sale | $539,000 | -1.8% | $325 / Sq Ft |
| 05/03/2019 05/03/19 | Off Market | $549,000 | -- | -- |
| 04/10/2019 04/10/19 | Price Changed | $539,000 | -8.5% | $325 / Sq Ft |
| 03/11/2019 03/11/19 | For Sale | $589,000 | -- | $355 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,372 | $588,634 | $353,824 | $234,810 |
| 2023 | $7,388 | $577,093 | $346,887 | $230,206 |
| 2022 | $7,128 | $565,779 | $340,086 | $225,693 |
| 2021 | $6,880 | $554,686 | $333,418 | $221,268 |
| 2020 | $6,829 | $549,000 | $330,000 | $219,000 |
| 2019 | $1,006 | $46,536 | $23,708 | $22,828 |
| 2018 | $937 | $45,625 | $23,244 | $22,381 |
| 2016 | $877 | $43,856 | $22,343 | $21,513 |
| 2015 | $842 | $43,198 | $22,008 | $21,190 |
| 2014 | $844 | $42,352 | $21,577 | $20,775 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon Brown
Seller's Agent in 2019
Shannon Brown
Beach To Hills Homes
(562) 746-5522
50 Total Sales
-
E
Buyer's Agent in 2019
ERICK MACHUCA
CENTRAL FINANCIAL & REALTY
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19054406
APN: 6356-011-007
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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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