NOT LISTED FOR SALE

8018 University Ave La Mesa, CA 91942

Estimated Value: $770,568 - $1,042,000

4 Beds
2 Baths
1,222 Sq Ft
$753/Sq Ft Est. Value

Last Sold February 27, 2017

Last sale price $470,000 $385 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $5,462/month

17 Days on Market

Highlights

  • Cooling Available
  • Heating System Uses Natural Gas
  • 1-Story Property
  • La Mesa Arts Academy Rated A-

About This Home

As of February 2017

Centrally located duplex in La Mesa. Each unit is a 2 bedroom/1 bath with large fence yards. Both bathrooms have ceramic tile tub enclosures. There are ceiling fans in both units located in the kitchen and living room. Both units have wood and ceramic tile floors. Owners have pride of ownership in the units. One seller is a licensed CA real estate salesperson. Neighborhoods: La Mesa Other Fees: 0 Unit # for Unit 1: 8018 Unit # for Unit 2: 8018 1/2 Number of Furnished Units: 0

Last Agent to Sell the Property

Norma Scantlin

Parkway Real Estate License #01034171 Listed on: 01/01/2017

Last Buyer's Agent

Dennis Ryan

Century 21 Award License #01150007

Century 21 Award

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,986

Year Built

  • Built in 1944

Lot Details

  • 4,443

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Net Operating Income $28,427

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 4703400800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,986

Year Built

Built in 1944

Lot Details

0

Listing Details

  • CapRate: 1.00
  • Subdivision Name Other: La Mesa
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 4703400800
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Levels: One

Exterior Features

  • Roof: Composition

Utilities

  • Heating: Yes
  • Heating Type: Natural Gas
  • Cooling: Yes

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 31080.00
  • Net Operating Income: 28427.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2017
Closed on
Jan 26, 2017
Sold by
Presley Cecilia
Bought by
Bautista Christine
Seller's Agent
Norma Scantlin
Parkway Real Estate
Buyer's Agent
Dennis Ryan
Century 21 Award
List Price
$470,000
Sold Price
$470,000
Current Estimated Value
$920,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,392
Avg. Annual Appreciation
8.11%
Original Mortgage
$352,500
Outstanding Balance
$291,200
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$629,192

Purchase Details

Closed on
Feb 24, 2006
Sold by
Presley Cecilia and Heigert Paul
Bought by
Presley Cecilia

Purchase Details

Closed on
Jun 21, 2005
Sold by
Murtaugh Daniel P and Gagliano Antonina R
Bought by
Presley Cecilia and Heigert Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 17, 2005
Sold by
Frye Robert Michael
Bought by
Presley Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 23, 2002
Sold by
Salbato Justin P
Bought by
Murtaugh Daniel P and Gagliano Antonina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.09%

Purchase Details

Closed on
Apr 5, 2000
Sold by
Howard Juliet E
Bought by
Salbato Justin P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,900
Interest Rate
8.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2000
Sold by
Tr Elder J Stewart Tr Nsjt & Elder M I
Bought by
Salbato Justin P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,900
Interest Rate
8.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1989

Purchase Details

Closed on
Mar 20, 1989
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
Bautista Christine $470,000 First American Title
Presley Cecilia -- None Available
Presley Cecilia $528,000 United Title Co San Diego
Presley Cecilia -- United Title Co San Diego
Murtaugh Daniel P $310,000 United Title Company
Salbato Justin P -- Chicago Title Co
Salbato Justin P -- Chicago Title Co
-- $154,500 --
-- $117,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bautista Christine $352,500
Previous Owner Presley Cecilia $418,000
Previous Owner Murtaugh Daniel P $248,000
Previous Owner Salbato Justin P $170,900
Previous Owner Salbato Justin P $170,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2017 02/27/17 Sold $470,000 0.0% $385 / Sq Ft
01/18/2017 01/18/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $470,000 -- $385 / 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 $6,986 $545,466 $233,771 $311,695
2024 $6,986 $534,772 $229,188 $305,584
2023 $6,756 $524,288 $224,695 $299,593
2022 $6,627 $514,009 $220,290 $293,719
2021 $6,512 $503,931 $215,971 $287,960
2020 $6,345 $498,765 $213,757 $285,008
2019 $6,271 $488,986 $209,566 $279,420
2018 $6,218 $479,399 $205,457 $273,942
2017 $5,131 $385,000 $165,000 $220,000
2016 $5,103 $385,000 $165,000 $220,000
2015 $4,752 $350,000 $150,000 $200,000
2014 $4,759 $350,000 $150,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 170000148

California Regional Multiple Listing Service (CRMLS)

APN: 470-340-08