NOT LISTED FOR SALE

8592 La Homa St Cypress, CA 90630

Estimated Value: $820,000 - $895,159

0.46 Acre
$1,864,761 Price per Acre
20,038 Sq Ft Lot

Last Sold August 21, 2014

Last sale price $945,000

Est. 9% decrease in value since last sale

Current estimated payment $5,447/month

138 Days on Market

About This Lot

As of August 2014

Great profit potential!! Located in a redeveloment zone of Cypress, this property is ripe for development! Two level Lots (Parcel numbers:APN# 262-441-08 and 262-441-09 located at 8572, 8582,8584, & 8592 La Homa are being sold together as one. Square footage of the land totals 20,038 (assessor). These lots are located an area where buyer may be able to build 6 townhomes/condos. Current income property use is attractive as buyer can have an income while preparing to subdivide and build.

Last Agent to Sell the Property

Julaine Waggoner

Julaine Waggoner, Broker License #01265494 Listed on: 04/05/2014

Last Buyer's Agent

Stewart Chen

The Real Estate Group License #01816563

The Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $666

Lot Details

  • 0.46 Acre Lot
  • Property is zoned Mult

Location

  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 26244108

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$666

Lot Details

0

Listing Details

  • Current Use Comments: Residential Income Property
  • Improvements: 3 Bed/2 Bath w.2 car garage;2(2 Bed 1 Bath); 1X 3 bed/1Bath Current rent $0,$600,$0, $600; Pro forma rent $1800,$1175,$1175,$1200 It could cash flow!
  • Possible Use Comments: 6 condo/townhomes Check with city of Cypress
  • Survey: Buyer Pays
  • View: No
  • Water Body Name: District
  • Zoning: Mult
  • Property Type: Land
  • Parcel Number: 26244108
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 47.16

Utilities

  • Utilities: Sewer Available

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20039.00
  • Usable Land Percent: 100
  • Lot Size Acres: 0.4600

Multi Family

  • Lot Size Area: 20039.0000 Square Feet

Tax Info

  • Tax Rate: 0.25
  • Tax Annual Amount: 666.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2022
Sold by
Chen John Chong-Ying
Bought by
John C Chen Revocable Living Trust
Total Days on Market
138
Current Estimated Value
$857,790

Purchase Details

Closed on
Apr 28, 2021
Sold by
Chen John Chong Ying and Chen Linda Hao
Bought by
Chen John Chong Ying

Purchase Details

Closed on
Mar 29, 2017
Sold by
Chen John Chong Ying and Chen Linda Hao Mci
Bought by
Chen John Chong Ying and Chen Linda Haomei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2015
Sold by
Chen Stewart Yeh Tze
Bought by
Chen John Chong Ying and Chen Linda Hao Mei

Purchase Details

Listed on
Apr 5, 2014
Closed on
Aug 1, 2014
Sold by
Lee Laurie Ruo
Bought by
Chen Stewart Yeh Tze
Seller's Agent
Julaine Waggoner
Julaine Waggoner, Broker
Buyer's Agent
Stewart Chen
The Real Estate Group
List Price
$945,000
Sold Price
$945,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.03%

Purchase Details

Listed on
Apr 5, 2014
Closed on
Jul 10, 2014
Sold by
Rogers Anita Jeane and Van Foeken James Allen
Bought by
Chen John Chong Ying and Chen Linda Hao Mei
Seller's Agent
Julaine Waggoner
Julaine Waggoner, Broker
Buyer's Agent
Stewart Chen
The Real Estate Group
List Price
$945,000
Sold Price
$945,000
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
John C Chen Revocable Living Trust -- --
Chen John Chong Ying -- Provident Title Company
Chen John Chong Ying -- None Available
Chen Stewart Yeh Tze -- None Available
Chen John Chong Ying $945,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen John Chong Ying $542,000
Previous Owner Chen John Chong Ying $560,000
Previous Owner Chen John Chong Ying $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2014 08/21/14 Sold $945,000 0.0% --
08/21/2014 08/21/14 Pending -- -- --
04/05/2014 04/05/14 For Sale $945,000 -- --
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 $8,028 $665,726 $563,864 $101,862
2023 $7,842 $652,673 $552,808 $99,865
2022 $7,746 $639,876 $541,969 $97,907
2021 $7,645 $627,330 $531,342 $95,988
2020 $7,614 $620,898 $525,894 $95,004
2019 $7,408 $608,724 $515,582 $93,142
2018 $7,310 $596,789 $505,473 $91,316
2017 $7,066 $585,088 $495,562 $89,526
2016 $7,007 $573,616 $485,845 $87,771
2015 $6,955 $565,000 $478,547 $86,453
2014 $1,502 $76,906 $31,920 $44,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14069766

California Regional Multiple Listing Service (CRMLS)

APN: 262-441-08