NOT LISTED FOR SALE

8602 Walker St Cypress, CA 90630

Estimated Value: $745,000 - $1,186,000

4 Beds
5 Baths
2,671 Sq Ft
$366/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $815,000 $305 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,877/month

85 Days on Market

Highlights

  • No HOA
  • 4 Car Direct Access Garage
  • Laundry Room
  • Steve Luther Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

As of July 2017

Large duplex 2,671 SQ Ft(approx) Front unit has 2 bedrooms & /2 baths, 1 has a jet tub, original 1 BR SFR had an addition in 2004 for a total of 1070 Sq Ft Approx. 2 entry doors front to the living room, side door to the dining room, jet tub, separate laundry room 2 wall heaters. Fig tree in the front and 2 grapefruit, 1 orange and a tangerine tree on the side and blackberry bushes. The yard has drainage pipes installed along both sides and the back yard. 2 story back unit built in 2007 W/approx. 1600 SQ Ft, 2 huge bedrooms, 3 baths, a loft. Both units have 2 car garages W/direct access. The rear unit has 2x6 walls, 10 Ft ceilings, custom kitchen cabinets, granite counter tops, ceramic tile flooring downstairs and a 3/4 br located off the inside laundry room w/access to the garage. Bamboo flooring on the stairs and 2nd floor except for the ceramic tile in the bathrooms. One upstairs bathroom has a jet tub. There is also a large loft at the top of the stairs great for an office or family room & a walk-in closet off the hall, 1 bedroom with 2 entry doors on opposite ends & mirrored closet doors raised above the floor with cabinets below, another huge bedroom located at the end of the hall. It also has central heat and AC. This is a great investment property for someone to live in one unit and rent the one other out. Located only minutes away from the Oxford Academy, City Hall, library police station, city tennis courts, Cypress College and Knots Berry Farm. Easy 91 FWY access

Last Agent to Sell the Property

Kevin Keaty

Berkshire Hathaway HomeServices California Properties License #01276603 Listed on: 02/24/2017

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Dorica Stroe

Berkshire Hathaway Home Svcs License #01197286

Last Buyer's Agent

Maryam Amiri

Redfin License #01804754

Redfin

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Front Yard

Parking

  • 4 Car Direct Access Garage
  • Front Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,671 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 11
  • Tax Tract Number 479
  • Assessor Parcel Number 26244336

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,680
  • Insurance Expense $400
  • Trash Expense $1
  • Water Sewer Expense $3,240
  • New Taxes Expense $1
  • Operating Expense $1
  • Gross Income $18,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

6,098 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3240.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 26244336
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 305.13

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage, Direct Garage Access, Garage Faces Front, Garage Faces Side, Garage Door Opener, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6098.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1680.00
  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 400.00
  • Net Operating Income: 18000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Rent Control: No
  • Total Expenses: 1.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Census Tract: 1101.10
  • Tax Lot: 11
  • Tax Tract Number: 479

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2017
Closed on
Jul 11, 2017
Sold by
Tugui Zaharia and Tugui Florica Mimi
Bought by
Vashi Mihir and Vashi Megha
Seller's Agent
Kevin Keaty
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Maryam Amiri
Redfin
List Price
$869,000
Sold Price
$815,000
Premium/Discount to List
-$54,000
-6.21%
Current Estimated Value
$977,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,890
Avg. Annual Appreciation
2.13%
Original Mortgage
$648,000
Outstanding Balance
$538,674
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$439,216

Purchase Details

Closed on
Nov 16, 1999
Sold by
Tisbe Lailani
Bought by
Tugui Zaharia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 1997
Sold by
Luebkeman Walter J
Bought by
Luebkeman Walter J

Purchase Details

Closed on
Dec 6, 1994
Sold by
Luebkeman Walter J and Luebkeman Helen C
Bought by
Luebkeman Walter J and Luebkeman Helen C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vashi Mihir $815,000 Landwood Title
Tugui Zaharia $110,000 Commonwealth Land Title
Luebkeman Walter J -- --
Luebkeman Walter J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vashi Mihir $648,000
Previous Owner Tugui Zaharia $104,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2017 07/18/17 Sold $815,000 -4.0% $305 / Sq Ft
04/14/2017 04/14/17 Price Changed $849,000 -2.3% $318 / Sq Ft
02/27/2017 02/27/17 For Sale $869,000 +6.6% $325 / Sq Ft
02/24/2017 02/24/17 Off Market $815,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,263 $927,328 $681,396 $245,932
2024 $10,263 $909,146 $668,036 $241,110
2023 $10,033 $891,320 $654,937 $236,383
2022 $9,922 $873,844 $642,095 $231,749
2021 $9,793 $856,710 $629,505 $227,205
2020 $9,757 $847,926 $623,050 $224,876
2019 $9,477 $831,300 $610,833 $220,467
2018 $9,350 $815,000 $598,855 $216,145
2017 $4,755 $412,709 $133,284 $279,425
2016 $4,714 $404,617 $130,670 $273,947
2015 $4,678 $398,540 $128,707 $269,833
2014 $4,430 $390,734 $126,186 $264,548
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17038051

California Regional Multiple Listing Service (CRMLS)

APN: 262-443-36

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