NOT LISTED FOR SALE

8929 Fair Ln Lakeside, CA 92040

Estimated Value: $708,000 - $859,000

2 Beds
2 Baths
1,120 Sq Ft
$688/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $699,000 $624 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,853/month

11 Days on Market

Highlights

  • 1-Story Property
  • Level Lot
  • Gravity Heating System
  • Property is Fully Fenced
  • Wood Siding

About This Home

As of April 2022

2 Cottage Duplex with big private fenced yards and driveways. Many upgrades/improvements made: Owner's unit plumbing upgraded to ABS, dual pane windows, tankless water heater, new ceiling fans, New carpet and plank flooring. Both Both units have remodeled bathrooms, W/D hookups, and both units termite tented in 2018. Potential for ADU unit(s).

Last Agent to Sell the Property

Arby Eivazian

South Coast Commercial, Inc. License #01948830 Listed on: 03/24/2022

South Coast Commercial, Inc.

Co-Listed By

Adam Jacks

South Coast Commercial, Inc. License #01701262

Last Buyer's Agent

Leslie Duvernay

Compass License #01936896

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1934

Lot Details

  • 7,219 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 385-060-61-00

Property Details

Home Type

Multi-Family

Year Built

1934

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: East County
  • Cross Street: Winter Gardens Blvd
  • Neighborhood: Lakeside
  • Stories: 1 Story
  • Sale Price List Price: 1.11
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Available, Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: LAKESIDE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Assessor Parcel Number: 385-060-61-00
  • Estimated Lot Sq Ft: 7219

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 43.0
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Apr 12, 2022
Sold by
Nicolet James L
Bought by
Norris Jacob Robert and Norris Megan Lynn
Seller's Agent
Arby Eivazian
South Coast Commercial, Inc.
Buyer's Agent
Leslie Duvernay
Compass
List Price
$629,000
Sold Price
$699,000
Premium/Discount to List
$70,000
11.13%
Current Estimated Value
$770,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,678
Avg. Annual Appreciation
2.67%
Original Mortgage
$594,150
Outstanding Balance
$555,691
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$214,987

Purchase Details

Closed on
Feb 12, 2003
Sold by
Rutledge Jeannie C
Bought by
Nicolet James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Norris Jacob Robert $699,000 First American Title
Nicolet James L $250,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norris Jacob Robert $594,150
Previous Owner Nicolet James L $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2022 04/26/22 Sold $699,000 +11.1% $624 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $629,000 -- $562 / Sq Ft
Source: San Diego MLS

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 $9,879 $741,782 $405,512 $336,270
2024 $9,879 $727,238 $397,561 $329,677
2023 $9,514 $712,979 $389,766 $323,213
2022 $5,019 $341,179 $186,513 $154,666
2021 $4,963 $334,490 $182,856 $151,634
2020 $4,852 $331,062 $180,982 $150,080
2019 $4,762 $324,572 $177,434 $147,138
2018 $4,632 $318,208 $173,955 $144,253
2017 $822 $311,970 $170,545 $141,425
2016 $4,347 $305,853 $167,201 $138,652
2015 $4,313 $301,260 $164,690 $136,570
2014 $4,126 $295,359 $161,464 $133,895
Source: Public Records

Agents Affiliated with this Home

  • Arby Eivazian

    Seller's Agent in 2022

    Arby Eivazian

    South Coast Commercial, Inc.

    (619) 990-4436

    1 in this area

    7 Total Sales

    Arby Eivazian
    Section Image
  • Adam Jacks

    Seller Co-Listing Agent in 2022

    Adam Jacks

    South Coast Commercial, Inc.

    (858) 922-9382

    1 in this area

    7 Total Sales

    Adam Jacks
    Section Image
  • Leslie Duvernay

    Buyer's Agent in 2022

    Leslie Duvernay

    Compass

    (619) 554-8520

    1 in this area

    62 Total Sales

    Leslie Duvernay
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220006767

San Diego MLS

APN: 385-060-61

California San Diego County Lakeside 92040

8929 Fair Ln, Lakeside, CA

Not Listed for Sale

MultiFamily

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