NOT LISTED FOR SALE

8955 Harness St Spring Valley, CA 91977

Estimated Value: $805,973 - $1,016,000

3 Beds
2 Baths
2,622 Sq Ft
$351/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $800,000 $305 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,510/month

5 Days on Market

Highlights

  • No HOA
  • No Heating
  • 4-minute walk to Sweetwater Lane Community Park
  • Laundry Room
  • Back Yard

About This Home

As of March 2022

Looking for an investment property? Live in one and rent the other! This duplex is a great opportunity to own. Each unit is identical and has 3 Bedrooms 1.5 baths with it's own back patio/yard and it's own attached 1 car garage. Townhome style for each side. Plenty of driveway parking. One unit has been remodeled and the other needs some TLC. Close to Freeways and Community Park!

Last Agent to Sell the Property

Lisa Morgan

Finest City Homes License #01873745 Listed on: 02/25/2022

Last Buyer's Agent

Henry Pailles

houseinsandiego License #01347083

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,572 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,622 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 83072
  • Tax Tract Number 83072
  • Assessor Parcel Number 5781435600

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $145
  • Water Sewer Expense $130
  • New Taxes Expense $683
  • Operating Expense $958
  • Gross Income $5,000
  • Net Operating Income $4,042

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

6,572 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 6.40
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 130.00
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5781435600
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Price Per Square Foot: 305.11

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6572.00
  • Lot Size Acres: 0.1509

Multi Family

  • Gross Income: 5000.00
  • Gross Scheduled Income: 5000.00
  • Insurance Expense: 145.00
  • Lot Size Area: 6572.0000 Square Feet
  • Net Operating Income: 4042.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 958.00
  • Rent Control: No
  • Total Actual Rent: 1950.00
  • Total Expenses: 958.00

Tax Info

  • New Taxes Expense: 683.00
  • Tax Lot: 83072
  • Tax Tract Number: 83072

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2022
Sold by
Teresa Sales Marla
Bought by
Valencia Arnoldo Espinosa
Current Estimated Value
$895,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$533,417
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$386,826

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 14, 2022
Sold by
Perez Trust and Perez Raul D
Bought by
Valencia Arnoldo Espinosa
Seller's Agent
Lisa Morgan
Finest City Homes
Buyer's Agent
Henry Pailles
houseinsandiego
List Price
$749,000
Sold Price
$800,000
Premium/Discount to List
$51,000
6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%

Purchase Details

Closed on
Mar 22, 2017
Sold by
Perez Raul D and Perez Maria R
Bought by
Perez Raul D A and Perez Maria R

Purchase Details

Closed on
Sep 1, 2004
Sold by
Johnson Tony and Johnson Stacey
Bought by
Perez Raul D A and Perez Maria Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,200
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2004
Sold by
Gallagher Margaret E
Bought by
Johnson Tony and Johnson Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,200
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 1995
Sold by
Johnson Tony P
Bought by
Gallagher Margaret E and Hand Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,918
Interest Rate
7.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 1995
Sold by
Ford Consumer Finance Company Inc
Bought by
Johnson Tony P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,200
Interest Rate
8.32%

Purchase Details

Closed on
Apr 27, 1995
Sold by
Brooks Jeri Ann
Bought by
Ford Consumer Finance Company Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,200
Interest Rate
8.32%

Purchase Details

Closed on
Sep 17, 1987
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Valencia Arnoldo Espinosa -- Wfg Title Insurance
Valencia Arnoldo Espinosa $800,000 Lawyers Title
Perez Raul D A -- None Available
Perez Raul D A $554,000 Gateway Title Company
Johnson Tony -- --
Gallagher Margaret E $159,000 American Title Ins Co
Johnson Tony P $98,000 Fidelity National Title
Ford Consumer Finance Company Inc -- Stewart Title
-- $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valencia Arnoldo Espinosa $560,000
Previous Owner Perez Raul D A $443,200
Previous Owner Gallagher Margaret E $155,918
Previous Owner Johnson Tony P $88,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $800,000 +6.8% $305 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $749,000 -- $286 / Sq Ft
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 $10,792 $848,963 $325,780 $523,183
2024 $10,792 $832,318 $319,393 $512,925
2023 $10,462 $815,999 $313,131 $502,868
2022 $8,135 $615,000 $236,000 $379,000
2021 $8,200 $615,000 $236,000 $379,000
2020 $7,087 $540,000 $208,000 $332,000
2019 $6,817 $515,000 $199,000 $316,000
2018 $6,441 $490,000 $190,000 $300,000
2017 $5,935 $450,000 $175,000 $275,000
2016 $5,357 $410,000 $160,000 $250,000
2015 $5,035 $380,000 $149,000 $231,000
2014 $4,570 $340,000 $134,000 $206,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2201285

California Regional Multiple Listing Service (CRMLS)

APN: 578-143-56

Your Personal Tour Guide

Ask me questions while you tour the home.