NOT LISTED FOR SALE

7549 Araby Ave Unit A-B Twentynine Palms, CA 92277

Estimated Value: $165,000 - $188,667

3 Beds
2 Baths
1,264 Sq Ft
$142/Sq Ft Est. Value

Last Sold December 15, 2015

Last sale price $36,500 $29 Per Sq Ft

Est. 391% increase in value since last sale

Current estimated payment $1,083/month

247 Days on Market

Highlights

  • Near a National Forest
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • No HOA
  • Level Lot
  • 1-Story Property

About This Home

As of December 2015

Mid century 2 unit property. High on the hill between the Joshua Tree National Park visitors center and the Park entrance, with fantastic views of the city, marine base, mountains and desert. Rental information was from a previous listing when the units were rented. Some lovely mature Ocotilla plants are on the property. Separate electric and gas meters. Unit A is a one bedroom, one bath and Unit B is a two bedroom, one bath unit.

Last Agent to Sell the Property

Arlene Jean

Sharon Rose Realty, Inc. License #02053133 Listed on: 09/18/2015

Last Buyer's Agent

Arlene Jean

Sharon Rose Realty, Inc. License #02053133 Listed on: 09/18/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $973

Year Built

  • Built in 1947

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Density is 2-5 Units/Acre

Home Design

  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,264 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 16
  • Tax Tract Number 2504
  • Assessor Parcel Number 0590262220000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Near a National Forest
  • Foothills

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $500
  • Trash Expense $300
  • Water Sewer Expense $1,200
  • New Taxes Expense $700
  • Gross Income $900
  • Net Operating Income $8,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$973

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Inclusions: AS IS
  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1200.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 0590262220000
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 28.88
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Available
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Conventional Septic
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre, Gentle Sloping, Lot 6500-9999, Level with Street
  • Lot Size Sq Ft: 8712.00
  • Price Per Lot Square Foot: 4.19
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 900.00
  • Gross Scheduled Income: 10800.00
  • Insurance Expense: 500.00
  • Lot Size Area: 0.2000 Acres
  • Net Operating Income: 8100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2700.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 700.00
  • Tax Lot: 16
  • Tax Tract Number: 2504
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2015
Closed on
Dec 9, 2015
Sold by
Leiber Jenny Mercado
Bought by
Leiber Philip
Seller's Agent
Arlene Jean
Sharon Rose Realty, Inc.
Buyer's Agent
Arlene Jean
Sharon Rose Realty, Inc.
List Price
$54,500
Sold Price
$36,500
Premium/Discount to List
-$18,000
-33.03%
Total Days on Market
247
Current Estimated Value
$179,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,722
Avg. Annual Appreciation
18.24%

Purchase Details

Listed on
Sep 18, 2015
Closed on
Nov 20, 2015
Sold by
Wells Fargo Bank National Association
Bought by
Leiber Philip
Seller's Agent
Arlene Jean
Sharon Rose Realty, Inc.
Buyer's Agent
Arlene Jean
Sharon Rose Realty, Inc.
List Price
$54,500
Sold Price
$36,500
Premium/Discount to List
-$18,000
-33.03%

Purchase Details

Closed on
Mar 6, 2015
Sold by
Wyatt Wayne
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Nov 20, 2004
Sold by
Briggs Jack
Bought by
Wyatt Wayne and Wyatt Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2003
Sold by
Anderson Barbara Ann
Bought by
Briggs Jack

Purchase Details

Closed on
Apr 20, 1995
Sold by
Bailey Orvelle L
Bought by
Anderson Barbara Ann and Anderson Trust
Source: Public Records

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
Leiber Philip -- Title365
Leiber Philip $36,500 Title365
Wells Fargo Bank National Association $117,583 Accommodation
Wyatt Wayne $95,000 Fidelity Nationaltitle Co
Briggs Jack $15,205 --
Anderson Barbara Ann $7,657 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wyatt Wayne $120,000
Previous Owner Wyatt Wayne $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2015 12/15/15 Sold $36,500 -33.0% $29 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $54,500 -- $43 / 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 $973 $42,361 $11,606 $30,755
2023 $1,205 $41,530 $11,378 $30,152
2022 $899 $40,716 $11,155 $29,561
2021 $886 $39,917 $10,936 $28,981
2020 $1,138 $39,508 $10,824 $28,684
2019 $1,077 $38,734 $10,612 $28,122
2018 $1,310 $62,424 $10,404 $52,020
2017 $1,289 $61,200 $10,200 $51,000
2016 $1,045 $60,000 $10,000 $50,000
2015 $1,803 $110,182 $11,597 $98,585
2014 $1,576 $108,024 $11,370 $96,654
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DC15050920

California Regional Multiple Listing Service (CRMLS)

APN: 0590-262-22