NOT LISTED FOR SALE

8751 Railroad Ave Santee, CA 92071

Estimated Value: $714,037 - $734,000

3 Beds
2 Baths
1,139 Sq Ft
$638/Sq Ft Est. Value

Last Sold April 24, 2014

Last sale price $185,000 $162 Per Sq Ft

Est. 293% increase in value since last sale

Current estimated payment $4,149/month

3 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Bamboo Flooring
  • Cooling Available
  • Hill Creek Elementary School Rated A-
  • No HOA
  • French Doors

About This Home

As of April 2014

Single Family Residental Income, Lease in place until September 2013. Clean, Tile and Bamboo Floors, New LG Air Conditioner, Includes Home Warranty.

Last Agent to Sell the Property

Christy Lynn Davenport

COLDWELL BANKER REALTY License #01469328 Listed on: 04/04/2014

COLDWELL BANKER REALTY

Last Buyer's Agent

Christy Lynn Davenport

COLDWELL BANKER REALTY License #01469328 Listed on: 04/04/2014

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,068

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,139 Sq Ft Home
  • French Doors

Flooring

  • Bamboo
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas, trash collection, water
  • Tax Lot 11
  • Tax Tract Number 817
  • Assessor Parcel Number 3842900800

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $900
  • Insurance Expense $900
  • Trash Expense $120
  • Water Sewer Expense $200
  • New Taxes Expense $1,800
  • Gross Income $1,600
  • Net Operating Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,068

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Tenant with Lease
  • Other Phone Description: Agent Desk
  • Other Phone Number: 951-346-0564
  • Property Attached: Yes
  • Water Sewer Expenses: 200.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 3842900800
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Carpet, Stone, Tile
  • Door Features: French Doors
  • Price Per Square Foot: 162.42
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 120.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 1600.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 16200.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Number Wall A C: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Patio: 2
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 25.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1800.00
  • Tax Lot: 11
  • Tax Tract Number: 817

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2017
Sold by
Hallas Joshua P and Beal Hallas Krystle M
Bought by
Hallas Joshua P and Beal Hallas Krystle M
Current Estimated Value
$726,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Outstanding Balance
$247,942
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$478,567

Purchase Details

Listed on
Apr 4, 2014
Closed on
Mar 31, 2014
Sold by
Stewart Catherine Elizabeth
Bought by
Hallas Joshua P and Beal Krystle M
Seller's Agent
Christy Lynn Davenport
COLDWELL BANKER REALTY
Buyer's Agent
Christy Lynn Davenport
COLDWELL BANKER REALTY
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$270,019
Interest Rate
4.28%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 2012
Sold by
Porschatis Sharon L and Bloom Andrea R
Bought by
Stewart Catherine Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,510
Interest Rate
3.83%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 5, 1988
Bought by
Porschatis Sharon L Swjt Bloom Andr
Source: Public Records

Range of Values:

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Average Value
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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
Hallas Joshua P -- First American Title Company
Hallas Joshua P $275,000 Title 365
Stewart Catherine Elizabeth $256,000 Corinthian Title Company
Porschatis Sharon L Swjt Bloom Andr $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hallas Joshua P $298,000
Closed Hallas Joshua P $270,019
Previous Owner Stewart Catherine Elizabeth $249,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2014 04/24/14 Sold $185,000 -7.5% $162 / Sq Ft
12/11/2012 12/11/12 Pending -- -- --
12/08/2012 12/08/12 For Sale $200,000 -- $176 / 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 $4,068 $337,101 $128,408 $208,693
2024 $4,068 $330,492 $125,891 $204,601
2023 $3,944 $324,013 $123,423 $200,590
2022 $3,914 $317,660 $121,003 $196,657
2021 $3,860 $311,432 $118,631 $192,801
2020 $3,812 $308,240 $117,415 $190,825
2019 $5,234 $302,197 $115,113 $187,084
2018 $5,154 $296,272 $112,856 $183,416
2017 $161 $290,464 $110,644 $179,820
2016 $3,451 $284,770 $108,475 $176,295
2015 $3,405 $280,493 $106,846 $173,647
2014 $3,108 $262,303 $99,917 $162,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG12148920

California Regional Multiple Listing Service (CRMLS)

APN: 384-290-08