NOT LISTED FOR SALE

8982 Cypress Ave Fontana, CA 92335

Estimated Value: $560,000 - $847,000

5 Beds
3 Baths
2,200 Sq Ft
$307/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $570,000 $259 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,232/month

108 Days on Market

About This Home

As of February 2020

Two houses in a 37200 sq ft lot! Great opportunity to subdivide in the future. Great income & long time tenants! One of the houses features 3 bedrooms 2 full baths and a 2+ car garage. The second house features 2 bedrooms 1 bath with a family room.

Last Agent to Sell the Property

Alex Matthes, CCIM

RE/MAX MASTERS REALTY License #01242994 Listed on: 07/16/2019

RE/MAX MASTERS REALTY

Last Buyer's Agent

Monica Saucedo

Global PNC Real Estate License #02084803

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,308

Year Built

  • Built in 1935

Lot Details

  • 0.85 Acre Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage

Interior Spaces

  • 2,200 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Listing and Financial Details

  • Legal Lot and Block 5 / 3
  • Tax Tract Number 42
  • Assessor Parcel Number 0193071420000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,747
  • Trash Expense $648
  • Water Sewer Expense $1,148
  • New Taxes Expense $6,875
  • Operating Expense $10,420
  • Gross Income $42,600
  • Net Operating Income $32,172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,308

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1148.00
  • Property Type: Residential Income
  • Parcel Number: 0193071420000
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 259.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 648.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 37200.00
  • Lot Size Acres: 0.8540

Multi Family

  • Average2 Bed Area: 924 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Gross Income: 42600.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 1747.00
  • Lot Size Area: 37200.0000 Square Feet
  • Net Operating Income: 32172.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10420.00
  • Rent Control: No
  • Total Expenses: 10420.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Block: 3
  • Tax Census Tract: 31.01
  • Tax Lot: 5
  • Tax Tract Number: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Jan 23, 2020
Sold by
Decasas Otoniel and De Casas Edelmira
Bought by
Lima Juan Huerta and Lopez Evelia Rico
Seller's Agent
Alex Matthes, CCIM
RE/MAX MASTERS REALTY
Buyer's Agent
Monica Saucedo
Global PNC Real Estate
List Price
$580,000
Sold Price
$570,000
Premium/Discount to List
-$10,000
-1.72%
Current Estimated Value
$676,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,228
Avg. Annual Appreciation
3.04%
Original Mortgage
$559,675
Outstanding Balance
$491,089
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$185,139

Purchase Details

Closed on
Mar 3, 2015
Sold by
Decasas Otoniel
Bought by
Decasas Otoniel and Decasas Edelmira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2004
Sold by
Decasas Edelmira
Bought by
Decasas Otoniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2004
Sold by
Shapro Henry K
Bought by
Decasas Otoniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2004
Sold by
Bonner Mary
Bought by
Shapiro Henry K and 2 Property Management Reti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2003
Sold by
Boner Harvey
Bought by
Beck John and Beck Marjorie E
Source: Public Records

Range of Values:

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
Lima Juan Huerta $570,000 Chicago Title
Decasas Otoniel -- Document Processing Solution
Decasas Otoniel -- Fidelity National Title Co
Decasas Otoniel $345,000 Fidelity National Title Co
Shapiro Henry K $235,000 Fidelity National Title Co
Beck John -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lima Juan Huerta $559,675
Previous Owner Decasas Otoniel $266,000
Previous Owner Decasas Otoniel $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $570,000 -1.7% $259 / Sq Ft
01/07/2020 01/07/20 Price Changed $580,000 0.0% $264 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $580,000 -- $264 / 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 $8,308 $623,378 $218,729 $404,649
2024 $8,308 $611,155 $214,440 $396,715
2023 $7,108 $599,171 $210,235 $388,936
2022 $7,046 $587,423 $206,113 $381,310
2021 $6,952 $575,905 $202,072 $373,833
2020 $5,594 $448,518 $130,004 $318,514
2019 $5,445 $439,724 $127,455 $312,269
2018 $5,481 $431,102 $124,956 $306,146
2017 $5,402 $422,649 $122,506 $300,143
2016 $5,271 $414,362 $120,104 $294,258
2015 $5,172 $408,138 $118,300 $289,838
2014 $5,149 $400,143 $115,983 $284,160
Source: Public Records

Agents Affiliated with this Home

  • M

    Buyer's Agent in 2020

    Monica Saucedo

    Global PNC Real Estate

    (323) 867-0913

    2 Total Sales

    Monica Saucedo
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19169279

California Regional Multiple Listing Service (CRMLS)

APN: 0193-071-42

California San Bernardino County Fontana 92335

8982 Cypress Ave, Fontana, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes