Seller's Agent in 2023
Jean Kaiser
LPT Realty,Inc
(619) 887-6469
4 in this area
51 Total Sales
8904 Lamar St Spring Valley, CA 91977
Estimated Value: $769,000 - $921,000
4
Beds
2
Baths
1,680
Sq Ft
$503/Sq Ft
Est. Value
Highlights
- Partially Fenced Property
- 1-Story Property
- 5-minute walk to Lamar Park
- Wood Siding
About This Home
As of December 2023Great investment! Duplex with 2 bedrooms 1 bath each. Large yards front and back. Mature trees in the back yards. Stove, refrigerator, microwave and washer/dryer convey. New roof. New mini-splits in each unit (HVAC). Unit 8904 has been recently updated. Both units are in good condition. Long term renter in 8906. Lamar County Park is 50' away at the end of the cul-de-sac. This property also owns the easement that runs behind the homes out to Lamar St. Seller uses this to park extra vehicles when needed. CAP rate is approx 6% at current rents (rents need to be raised to meet market standards)
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.36 Acre Lot
- Partially Fenced Property
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 1-Story Property
Community Details
- 2 Units
- Net Operating Income $44,640
Listing and Financial Details
- Tenant pays for sewer, water, electricity, hot water
- Assessor Parcel Number 503-271-46-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 12, 2024
Sold by
Williams Jameson
Bought by
Jameson Williams Trust and Williams
Current Estimated Value
Purchase Details
Listed on
Oct 19, 2023
Closed on
Nov 15, 2023
Sold by
Cabral Trust
Bought by
Williams Jameson
Seller's Agent
Jean Kaiser
LPT Realty,Inc
Buyer's Agent
Frank Marquez
Finest City Homes & Loans
List Price
$775,000
Sold Price
$735,000
Premium/Discount to List
-$40,000
-5.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$551,250
Interest Rate
7.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 6, 2022
Sold by
Cabral Joseph J and Cabral Betty J
Bought by
Cabral Trust
Purchase Details
Closed on
Nov 21, 2005
Sold by
Cabral Joseph Warren and Cabral Betty Jean
Bought by
Cabral Joseph W and Cabral Betty J
Purchase Details
Closed on
Oct 30, 1990
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jameson Williams Trust | -- | None Listed On Document | |
| Jameson Williams Trust | -- | None Listed On Document | |
| Williams Jameson | $735,000 | Chicago Title | |
| Cabral Trust | -- | Preston Estate Planning | |
| Cabral Joseph W | -- | Preston Estate Planning | |
| Cabral Joseph W | -- | -- | |
| -- | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Williams Jameson | $551,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2023 12/04/23 | Sold | $735,000 | -5.2% | $438 / Sq Ft |
| 11/08/2023 11/08/23 | Pending | -- | -- | -- |
| 10/19/2023 10/19/23 | For Sale | $775,000 | -- | $461 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
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 | $9,650 | $749,700 | $374,850 | $374,850 |
| 2024 | $9,650 | $735,000 | $367,500 | $367,500 |
| 2023 | $2,988 | $173,332 | $86,666 | $86,666 |
| 2022 | $2,912 | $169,934 | $84,967 | $84,967 |
| 2021 | $2,888 | $166,602 | $83,301 | $83,301 |
| 2020 | $2,749 | $164,894 | $82,447 | $82,447 |
| 2019 | $2,701 | $161,662 | $80,831 | $80,831 |
| 2018 | $2,582 | $158,494 | $79,247 | $79,247 |
| 2017 | $2,483 | $155,388 | $77,694 | $77,694 |
| 2016 | $2,374 | $152,342 | $76,171 | $76,171 |
| 2015 | $2,362 | $150,054 | $75,027 | $75,027 |
| 2014 | $2,328 | $147,116 | $73,558 | $73,558 |
Source: Public Records
Agents Affiliated with this Home
-
Jean Kaiser
-
Frank Marquez
Buyer's Agent in 2023
Frank Marquez
Finest City Homes & Loans
(619) 623-1226
3 in this area
34 Total Sales
Map
Source: San Diego MLS
MLS Number: 230020456
APN: 503-271-46
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