NOT LISTED FOR SALE

801 S Lyon St Unit A217 & A117 Santa Ana, CA 92705

Lyon Street Neighborhood

Estimated Value: $269,000 - $327,000

2 Beds
2 Baths
1,240 Sq Ft
$730/mo HOA Fee

Last Sold July 11, 2018

Last sale price $380,000 $306 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $2,706/month

63 Days on Market

Highlights

  • Property is near a park
  • Community Pool
  • Resident Manager or Management On Site
  • Arnold O. Beckman High School Rated A+
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of July 2018

Invest in Real Estate without the Hassles! First Floor #A117 and Second Floor #A217 Condo Apartments with 1 Bedroom and 1 Bath each. 620 SF each. On-Site Property Management Office Handles Finding Renters and Collecting Rent For Owners and On-Site Maintenance Worker’s Labor for Repairs Inside the Unit is All Included in the HOA. Top unit has New Carpet and Dishwasher, Air Conditioner. Bottom unit has New Carpet, Newer Air Conditioner and Disposal. 1 Covered Parking Space Is Included for each unit and Others Can Be Purchased. Rent is $1350/month and $1125/month. Market Rent for each is now $1400./month. HOA Dues $365/month for each unit also includes Water, Gas, Trash, and Sewer, Landscaping, Exterior Lighting And Insurance. Village Meadows Complex includes Pools, Park and Play Area. Tustin School District. Great for Absentee Owner. Can be purchased together or separately for $225,000 each.

Last Listed By

Jim Salem

First Team Real Estate License #01087900 Listed on: 04/27/2018

First Team Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,371

Year Built

  • Built in 1972

Lot Details

  • Two or More Common Walls
  • 93791017

HOA Fees

Interior Spaces

  • 1,240 Sq Ft Home
  • 2-Story Property
  • Disposal
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1
  • Tax Tract Number 10879
  • Assessor Parcel Number 93791049

Community Details

Overview

  • 2 Units
  • Village Meadows Association, Phone Number (714) 836-5767
  • Maintained Community

Amenities

  • Picnic Area
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed
  • Pet Restriction

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • Professional Management Expense $8,760
  • New Taxes Expense $5,200
  • Operating Expense $13,960
  • Gross Income $29,700
  • Net Operating Income $15,738

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,371

Year Built

Built in 1972

Lot Details

0

HOA Fees

$730 per month

Listing Details

  • Assessments: No
  • CapRate: 3.50
  • Price Per Unit: 225000
  • Professional Management Expense: 8760.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Village Meadows (VLMD)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 93791049
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 306.45
  • Room Type: All Bedrooms Up, Kitchen

Exterior Features

  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Picnic Area, Gas, Maintenance Grounds, Trash, Sewer, Water, Dues Paid Monthly, Pet Rules, Pets Not Permitted, Management
  • Association Fee: 365.00
  • Association #2 Fee: 365.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Village Meadows
  • Phone: 714-836-5767
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 93791017
  • Land Lease: No
  • Lot Features: Park Nearby

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 620 Square Feet
  • Gross Income: 29700.00
  • Gross Multiplier: 15.15
  • Gross Scheduled Income: 29700.00
  • Net Operating Income: 15738.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 13960.00
  • Rent Control: No
  • Total Actual Rent: 2477.00
  • Total Expenses: 13960.00

Tax Info

  • New Taxes Expense: 5200.00
  • Tax Census Tract: 744.07
  • Tax Lot: 1
  • Tax Tract Number: 10879

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Dhillon Damanpreet S
Bought by
Felix Andrew D and Neria Oralia
Total Days on Market
63
Current Estimated Value
$302,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,250
Outstanding Balance
$254,503
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$48,318

Purchase Details

Closed on
Dec 23, 2020
Sold by
Diana Nguyen Family Revocable Trust and Nguyen Duc Huu
Bought by
Dhillon Damanpreet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2018
Closed on
Jun 29, 2018
Sold by
Nguyen Son and Dung Thanh
Bought by
Nguye Due Han and Nguyen Diana Duyen
Seller's Agent
Jim Salem
First Team Real Estate
Buyer's Agent
Lenny Spangler
HCM Real Estate
List Price
$225,000
Sold Price
$380,000
Premium/Discount to List
$155,000
68.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.24%

Purchase Details

Closed on
Oct 4, 2005
Sold by
Gambill David C and Ohanesian Gambill Lisa
Bought by
Nguyen Son and Nguyen Thanh Dung

Purchase Details

Closed on
Nov 8, 2004
Sold by
Ohanesian Lisa Lynn
Bought by
Gambill David C and Ohanesian Gambill Lisa

Purchase Details

Closed on
Jul 31, 2003
Sold by
Tse Sui Tim and Tse Daphne C
Bought by
Ohanesian Lisa Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

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
Felix Andrew D $275,000 Chicago Title
Dhillon Damanpreet -- Stewart Title
Nguye Due Han $190,000 Chicago Title Co
Nguyen Son $290,000 --
Gambill David C -- --
Ohanesian Lisa Lynn $130,000 Orange Coast Title
Ohanesian Lisa Lynn $130,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felix Andrew D $261,250
Previous Owner Dhillon Damanpreet $180,000
Previous Owner Nguyen Son T $100,000
Previous Owner Ohanesian Lisa Lynn $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2018 07/11/18 Sold $380,000 -15.6% $306 / Sq Ft
06/29/2018 06/29/18 Pending -- -- --
06/01/2018 06/01/18 Price Changed $450,000 +100.0% $363 / Sq Ft
04/27/2018 04/27/18 For Sale $225,000 -- $181 / 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 $3,371 $280,500 $224,400 $56,100
2023 $2,880 $236,170 $186,353 $49,817
2022 $2,838 $231,540 $182,699 $48,841
2021 $2,782 $227,000 $179,116 $47,884
2020 $2,435 $193,800 $146,060 $47,740
2019 $2,380 $190,000 $143,196 $46,804
2018 $2,212 $174,147 $102,089 $72,058
2017 $2,027 $157,000 $100,087 $56,913
2016 $1,724 $128,936 $78,759 $50,177
2015 $1,707 $127,000 $77,576 $49,424
2014 $1,213 $82,500 $33,076 $49,424
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18098532

California Regional Multiple Listing Service (CRMLS)

APN: 937-910-17