NOT LISTED FOR SALE

8286 Roy St Lemon Grove, CA 91945

Estimated Value: $874,007 - $1,087,000

5 Beds
4 Baths
-- Sq Ft
7,144 Sq Ft Lot

Last Sold February 16, 2021

Last sale price $685,000

Est. 43% increase in value since last sale

Current estimated payment $6,026/month

21 Days on Market

About This Home

As of February 2021

Non-distressed, Live Auction! Bidding to start from $500,000. Cash or finance ok! Seller will entertain offers prior to Auction day. Only 2% buyer premium. This wonderful investment opportunity boasts the ability to own a cash flowing duplex in the heart of Lemon Grove, only a short walk away from the shops. This property features two units plus has a potential garage conversion.

Last Agent to Sell the Property

Simon Polito

eXp Realty of California, Inc. License #02006124 Listed on: 12/02/2020

eXp Realty of California, Inc.

Co-Listed By

Justin Gregory

Big Block Realty, Inc. License #02115989

Last Buyer's Agent

Dawne Loveday

Coldwell Banker West License #01959614

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,080

Year Built

  • Built in 1973

Lot Details

  • 7,144

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Community Details

  • 2 Units
  • Net Operating Income $13,740

Listing and Financial Details

  • Tenant pays for cable TV, electricity, hot water
  • Assessor Parcel Number 503-121-02

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,080

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Washington
  • Stories: 2 Story
  • Sale Price List Price: 1.37
  • Total Stories: 2
  • Year Built: 1973
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Community: LEMON GROVE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 503-121-02

Rental Info

  • Tenant Pays: Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 13740
  • Annual Expense Actual: 18060
  • Gross Rent Multiplier Actual: 15.7
  • Gross Sched Income Actual: 31800
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 1
  • Other Income Actual: 6000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Feb 11, 2021
Sold by
Mcneil Kelley Corrine
Bought by
Mcneil Jason
Seller's Agent
Simon Polito
eXp Realty of California, Inc.
Buyer's Agent
Dawne Loveday
Coldwell Banker West
List Price
$500,000
Sold Price
$685,000
Premium/Discount to List
$185,000
37%
Current Estimated Value
$978,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,252
Avg. Annual Appreciation
6.04%
Original Mortgage
$513,750
Outstanding Balance
$460,814
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$437,352

Purchase Details

Listed on
Dec 2, 2020
Closed on
Jan 23, 2021
Sold by
Jaramillo Mark A and Colmenero Jesse R
Bought by
Mcneil Jason
Seller's Agent
Simon Polito
eXp Realty of California, Inc.
Buyer's Agent
Dawne Loveday
Coldwell Banker West
List Price
$500,000
Sold Price
$685,000
Premium/Discount to List
$185,000
37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Outstanding Balance
$460,814
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$437,352

Purchase Details

Listed on
Dec 2, 2020
Closed on
Dec 30, 2020
Sold by
Jaramillo Mark A
Bought by
Mcneil Jason
Seller's Agent
Simon Polito
eXp Realty of California, Inc.
Buyer's Agent
Dawne Loveday
Coldwell Banker West
List Price
$500,000
Sold Price
$685,000
Premium/Discount to List
$185,000
37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Outstanding Balance
$460,814
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$437,352

Purchase Details

Closed on
May 4, 2004
Sold by
Volk Le Roy J and Volk Carol J
Bought by
Jaramillo Mark A and Colmenero Jesse R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Mcneil Jason -- First American Title
Mcneil Jason $685,000 First American Title Company
Mcneil Jason $685,000 First American Title
Jaramillo Mark A $440,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcneil Jason $513,750
Previous Owner Jaramillo Mark A $352,000
Closed Jaramillo Mark A $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2021 02/16/21 Sold $685,000 +37.0% --
12/24/2020 12/24/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $500,000 -- --
Source: San Diego MLS

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 $10,080 $741,462 $302,516 $438,946
2024 $10,080 $726,925 $296,585 $430,340
2023 $9,832 $712,672 $290,770 $421,902
2022 $9,782 $698,699 $285,069 $413,630
2021 $7,416 $500,000 $204,000 $296,000
2020 $6,575 $440,000 $180,000 $260,000
2019 $6,448 $430,000 $176,000 $254,000
2018 $6,221 $415,000 $170,000 $245,000
2017 $5,793 $380,000 $156,000 $224,000
2016 $5,403 $358,000 $147,000 $211,000
2015 $5,438 $358,000 $147,000 $211,000
2014 $5,322 $358,000 $147,000 $211,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Simon Polito

    eXp Realty of California, Inc.

    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Justin Gregory

    Big Block Realty, Inc.

  • Dawne Loveday

    Buyer's Agent in 2021

    Dawne Loveday

    Coldwell Banker West

    (619) 504-1110

    1 in this area

    38 Total Sales

    Dawne Loveday
    Section Image

  • D

    Buyer's Agent in 2021

    Da Qian Mai

    Century 21 Masters

See All Agents

Map

Source: San Diego MLS

MLS Number: 200052939

San Diego MLS

APN: 503-121-02

California San Diego County Lemon Grove 91945

8286 Roy St, Lemon Grove, CA

This home is located at 8286 Roy St, Lemon Grove, CA 91945 since 02 December 2020 and is currently estimated at $978,252. This property was built in 1973. 8286 Roy St is a home located in San Diego County with nearby schools including Lemon Grove Academy Middle, Mount Miguel High School, and Sparrow Academy.

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