NOT LISTED FOR SALE

Estimated Value: $1,039,000 - $1,353,000

4 Beds
5 Baths
3,867 Sq Ft
$300/Sq Ft Est. Value

Sale Details

Date Sold: November 19, 2012

Last sale price $450,000 $116 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $7,125 / mo

20 Days on Market

Highlights

  • 0.17 Acre Lot
  • Fireplace
  • 3-minute walk to Drake Park
  • Craftsman Architecture
  • No Heating

About This Home

As of November 2012

Wonderful craftsman in the Historic Willmore district. Opportunities abound with this spacious property. The front home has a large living room with a fireplace, a formal dining room and den. The home also offers a large cooks kitchen with a breakfast nook. In addition to the abundance of space downstairs there are four grand bedrooms and three bathrooms upstairs. In the back of the property a separate building houses two large studios that can offset the mortgage. The two units are stacked optimizing space. Attached to the back of the main house is another room with it's own entrance and separate bathroom, a perfect office space. All this property needs is some TLC and it could be stunning. Any repairs to the exterior will need to be approved through the historical department at the City, buyer to verify. This property is the definition of sweat equity, a little hard work and watch the property reward you! Don't wait to see this gem in the rough, it won't last long.

Last Agent to Sell the Property

January Johnson

January Johnson, Broker License #01499644 Listed on: 10/10/2012

Last Buyer's Agent

John Giddings

T.N.G. Real Estate Consultants License #01870048

T.N.G. Real Estate Consultants

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 7,558 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Craftsman Architecture

Interior Spaces

  • 3,867 Sq Ft Home
  • Fireplace

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 11
  • Assessor Parcel Number 7271022040

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $5,300
  • Gross Income $2,985
  • Net Operating Income $32,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

7,558 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 7.31
  • View: No
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7271022040
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 116.37

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7558.00
  • Lot Size Acres: 0.1740

Multi Family

  • Average Studio Area: 540
  • Gross Income: 2985.00
  • Gross Multiplier: 12.21
  • Gross Scheduled Income: 35820.00
  • Lot Size Area: 7558.0000 Square Feet
  • Net Operating Income: 32000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3600.00

Tax Info

  • New Taxes Expense: 5300.00
  • Tax Lot: 11
  • Tax Tract Number: 11

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2012
Closed on
Nov 5, 2012
Sold by
The Bank Of New York Mellon
Bought by
Seller's Agent
January Johnson
January Johnson, Broker
Buyer's Agent
John Giddings
T.N.G. Real Estate Consultants
List Price
$437,500
Sold Price
$450,000
Premium/Discount to List
$12,500
2.86%
Current Estimated Value
$1,169,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$719,667
Avg. Annual Appreciation
7.10%

Purchase Details

Closed on
Sep 2, 2011
Sold by
Rubio Miguel A and Rubio Tito
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Mar 24, 2005
Sold by
Shaw Dean A and Stevens Donna B
Bought by
Rubio Miguel A and Rubio Tito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 1998
Sold by
Wilshire Funding Corp
Bought by
Shaw Dean A and Stevens Donna B

Purchase Details

Closed on
May 29, 1998
Sold by
Hernandez Jaime Fernando
Bought by
Wilshire Funding Corp

Purchase Details

Closed on
Jun 27, 1997
Sold by
Rodriguez Adolfo and South Central Investments
Bought by
Hernandez Jamie Fernando

Purchase Details

Closed on
Jun 24, 1997
Sold by
Sinsheimer Stephen
Bought by
Rodriguez Adolfo and South Central Investments

Purchase Details

Closed on
Mar 22, 1996
Sold by
Sinsheimer Jamie L
Bought by
Sinsheimer Stephen
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Willmore, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 Stewart Title Of Ca Inc
The Bank Of New York Mellon $348,750 Landsafe Title
Rubio Miguel A $710,000 Stewart Title Of Ca Inc
Shaw Dean A $160,000 Benefit Land Title
Wilshire Funding Corp $171,000 Benefit Land Title Ins Co
Hernandez Jamie Fernando $320,000 Commonwealth Title
Rodriguez Adolfo $192,000 --
Sinsheimer Stephen -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $568,000
Previous Owner Shaw Dean A $182,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/19/2012 11/19/12 Sold $450,000 +2.9% $116 / Sq Ft
10/30/2012 10/30/12 Pending -- -- --
10/10/2012 10/10/12 For Sale $437,500 -- $113 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,058 $565,210 $395,651 $169,559
2025 $8,058 $554,129 $387,894 $166,235
2024 $7,696 $543,265 $380,289 $162,976
2023 $7,564 $532,614 $372,833 $159,781
2022 $7,120 $522,172 $365,523 $156,649
2021 $6,957 $511,934 $358,356 $153,578
2020 $6,938 $506,686 $354,682 $152,004
2019 $6,859 $496,752 $347,728 $149,024
2018 $6,586 $487,012 $340,910 $146,102
2016 $6,057 $468,103 $327,673 $140,430
2015 $5,824 $461,073 $322,752 $138,321
2014 $5,806 $452,042 $316,430 $135,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P837808

California Regional Multiple Listing Service (CRMLS)

APN: 7271-022-040

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