NOT LISTED FOR SALE

8357-59 Palm St Lemon Grove, CA 91945

Estimated Value: $731,000 - $795,000

2 Beds
1 Bath
1,496 Sq Ft
$514/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $440,000 $294 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,761/month

About This Home

As of December 2021

Fixer duplex in Lemon grove. Both units are 2 bedroom, 1 bath. Tenant Occupied DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Curtis Chism

eXp Realty of Southern Calif. License #02105113 Listed on: 09/15/2021

eXp Realty of Southern Calif.

Last Buyer's Agent

Eric Nyquist

Vanguard Properties License #02033214

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,855

Year Built

  • Built in 1972

Lot Details

  • 7,527 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 1,496 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Listing and Financial Details

  • Tax Lot 15012
  • Tax Tract Number 140
  • Assessor Parcel Number 5033103500

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Other Expense $1,200
  • Water Sewer Expense $3,600
  • Operating Expense $7,200
  • Gross Income $28,800
  • Net Operating Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,855

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.30
  • Price Per Unit: 220000
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5033103500
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 294.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7527.00
  • Lot Size Acres: 0.1728

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7527.0000 Square Feet
  • Net Operating Income: 21600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7200.00
  • Other Expense: 1200.00
  • Other Expense Description: estimate
  • Rent Control: No
  • Total Expenses: 7200.00

Tax Info

  • Tax Lot: 15012
  • Tax Tract Number: 140.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2022
Sold by
Brian Daly
Bought by
Werevive Holdings Llc
Current Estimated Value
$768,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,500
Outstanding Balance
$571,382
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$186,910

Purchase Details

Closed on
Oct 9, 2019
Sold by
Field Gregory Leon and Field Gregory L
Bought by
Field Gregory Leon and The Field Family Trust

Purchase Details

Closed on
May 17, 2019
Sold by
Hall Alberta Rose
Bought by
Field Gregory L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 2008
Sold by
Field Greg
Bought by
Hall Alberta Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 2008
Sold by
Arreola Roberto and Arreola Juana V
Bought by
Hall Alberta Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2005
Sold by
Sherwood Michael and Sherwood Pamela
Bought by
Arreola Roberto and Arreola Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,200
Interest Rate
5.08%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 6, 2004
Sold by
Bruce Alan
Bought by
Sherwood Michael and Sherwood Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2003
Sold by
Bruce Alan
Bought by
Bruce Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2002
Sold by
Bruce Alan
Bought by
Bruce Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2000
Sold by
Hanning Alan K
Bought by
Bruce Alan

Purchase Details

Closed on
Aug 24, 1993
Sold by
Hanning Alan Keith
Bought by
Hanning Alan Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.21%

Purchase Details

Closed on
Oct 7, 1987

Purchase Details

Closed on
Dec 20, 1984
Source: Public Records

Range of Values:

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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
Werevive Holdings Llc -- Wfg National Title
Daly Brian -- Wfg Title Insurance
Daly Brian -- Wfg Title Insurance
Field Gregory Leon -- None Available
Field Gregory L -- Stewart Title Company
Hall Alberta Rose -- Chicago Title Company
Hall Alberta Rose $260,000 Chicago Title Company
Arreola Roberto $521,000 Alliance Title San Diego
Sherwood Michael $345,000 Fidelity National Title
Bruce Alan -- Fidelity National Title
Bruce Alan -- Fidelity National Title
Bruce Alan -- Chicago Title Co
Bruce Alan -- Chicago Title Co
Bruce Alan -- Chicago Title Co
Bruce Alan -- Fidelity National Title
Hanning Alan Keith -- Commonwealth Land Title
-- $95,000 --
-- $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daly Brian $606,500
Previous Owner Werevive Holdings Llc $105,000
Previous Owner Field Gregory Leon $215,000
Previous Owner Field Gregory L $200,000
Previous Owner Hall Alberta Rose $290,000
Previous Owner Hall Alberta Rose $290,000
Previous Owner Arreola Roberto $104,200
Previous Owner Arreola Roberto $416,800
Previous Owner Sherwood Michael $272,000
Previous Owner Bruce Alan $127,000
Previous Owner Bruce Alan $127,000
Previous Owner Hanning Alan Keith $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $440,000 0.0% $294 / Sq Ft
12/13/2021 12/13/21 Price Changed $440,000 -12.0% $294 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $500,000 -- $334 / 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 $6,855 $466,931 $318,362 $148,569
2024 $6,855 $457,776 $312,120 $145,656
2023 $6,698 $448,800 $306,000 $142,800
2022 $6,667 $309,188 $136,808 $172,380
2021 $5,108 $309,188 $136,808 $172,380
2020 $5,037 $306,019 $135,406 $170,613
2019 $4,950 $300,019 $132,751 $167,268
2018 $4,836 $294,138 $130,149 $163,989
2017 $4,756 $288,372 $127,598 $160,774
2016 $4,577 $282,719 $125,097 $157,622
2015 $4,554 $278,473 $123,218 $155,255
2014 $4,393 $273,019 $120,805 $152,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2106549

California Regional Multiple Listing Service (CRMLS)

APN: 503-310-35