NOT LISTED FOR SALE

Estimated Value: $678,000 - $1,021,000

4 Beds
3 Baths
2,016 Sq Ft
$422/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $640,000 $317 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,225/month

3 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Level Lot

About This Home

As of March 2021

Triplex. two - 2 bedroom apartments and a Studio Apartment. The legal address is 8838, 8838-A and 8840 Lakeview Rd. Two units have just been refurbished and ready for new tenants. Exterior recently painted. Each unit has it's own fenced yard with plenty of shade trees. 2 bdrm units have new front doors / security screen doors. Front 2 bdrm & studio have newer rear doors. Studio has newer French Doors in front. Both water heaters are fairly new. Plenty of parking for units and guests. 8838 has a utility room with laundry hook ups.

Last Agent to Sell the Property

Rick Barker

Barker Realty License #00858901 Listed on: 01/25/2021

Last Buyer's Agent

Rick Barker

Barker Realty License #00858901 Listed on: 01/25/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • Private Yard

Home Design

  • 2,016 Sq Ft Home
  • Triplex

Laundry

  • Laundry Room
  • Laundry Located Outside

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 387-122-15-00
  • Tax Tract Number 166
  • Assessor Parcel Number 3971221500

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $855
  • Trash Expense $720
  • Water Sewer Expense $1,165
  • New Taxes Expense $6,500
  • Operating Expense $5,339
  • Net Operating Income $45,061

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1165.00
  • Zoning: Residential - Duplex -tw
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3971221500
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 317.46

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Level, Yard
  • Lot Size Sq Ft: 11792.00
  • Lot Size Acres: 0.2700

Multi Family

  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 855.00
  • Lot Size Area: 11792.0000 Square Feet
  • Net Operating Income: 45061.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Drapes: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 5339.00
  • Rent Control: No
  • Total Expenses: 5339.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Lot: 387-122-15-00
  • Tax Tract Number: 166.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Feb 17, 2021
Sold by
Combs Weitzel Liane E and The Liane E Weitzel Intervivos
Bought by
Weber Philip and Brown Marie
Seller's Agent
Rick Barker
Barker Realty
Buyer's Agent
Rick Barker
Barker Realty
List Price
$625,000
Sold Price
$640,000
Premium/Discount to List
$15,000
2.4%
Current Estimated Value
$850,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,894
Avg. Annual Appreciation
6.02%
Original Mortgage
$480,000
Outstanding Balance
$429,307
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$421,587

Purchase Details

Closed on
Oct 4, 2016
Sold by
Combs Weitzel Liane E
Bought by
Combs Weitzel Liane E

Purchase Details

Closed on
Oct 31, 2014
Sold by
Weitzel Liane E
Bought by
Ovadi Craig A and Combs Weitzel Lianne E

Purchase Details

Closed on
Aug 4, 2009
Sold by
Combs Weitzel Liane E
Bought by
Weitzel Liane E

Purchase Details

Closed on
Jul 13, 2003
Sold by
Combs Weitzel Liane E
Bought by
Combs Weitzel Liane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.15%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 26, 2002
Sold by
Weitzel William H
Bought by
Combs Weitzel Liane E

Purchase Details

Closed on
Oct 16, 1992

Purchase Details

Closed on
Aug 9, 1990

Purchase Details

Closed on
Feb 21, 1983
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Weber Philip $640,000 First American Ttl San Diego
Combs Weitzel Liane E -- None Available
Combs Weitzel Liane E -- None Available
Ovadi Craig A -- Pacific Coast Title Company
Weitzel Liane E -- None Available
Combs Weitzel Liane E -- First American Title Co
Combs Weitzel Liane E -- First American Title Ins Co
-- $155,500 --
-- $140,100 --
-- $86,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weber Philip $480,000
Previous Owner Combs Weitzel Liane E $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2021 03/02/21 Sold $640,000 +2.4% $317 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $625,000 -- $310 / 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 $9,300 $692,752 $269,989 $422,763
2024 $9,300 $679,170 $264,696 $414,474
2023 $8,956 $665,854 $259,506 $406,348
2022 $8,782 $652,799 $254,418 $398,381
2021 $4,017 $249,029 $97,055 $151,974
2020 $3,912 $246,476 $96,060 $150,416
2019 $3,833 $241,644 $94,177 $147,467
2018 $3,716 $236,907 $92,331 $144,576
2017 $3,603 $232,263 $90,521 $141,742
2016 $3,471 $227,710 $88,747 $138,963
2015 $3,456 $224,290 $87,414 $136,876
2014 $3,315 $219,897 $85,702 $134,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2100516

California Regional Multiple Listing Service (CRMLS)

APN: 397-122-15