NOT LISTED FOR SALE

920 Broad Ave Wilmington, CA 90744

Estimated Value: $655,000 - $842,000

4 Beds
2 Baths
2,007 Sq Ft
$380/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $490,000 $244 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,582/month

13 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 3-minute walk to Wilmington Town Square Park

About This Home

As of July 2017

FHA Ready duplex with BOTH units being delivered vacant at the close of escrow. Front unit 2 bedroom 1 bath, 1,176 sq ft features original fireplace, wood laminate floors, large bedrooms and charming original tile in bathroom. Front unit is in as-is condition. Back unit 2 bedroom 1 bath 831 sq ft has been upgraded with new laminate flooring, paint, carpets, new bathroom vanity and shower stall. Large 7,756 sq ft lot features detached one car garage, rear alley access and parking for an additional four cars. Potential to add value through cosmetic upgrades. Lot zoned LAR3 with development potential - Buyers to verify.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 05/18/2017

Last Buyer's Agent

Brandice Presley

First Team Real Estate License #01928351

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,756 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,007 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 2947
  • Assessor Parcel Number 7423010006

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Zoning: LAR3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7423010006
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 244.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7756.00

Multi Family

  • Average2 Bed Area: 1176 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2947.01
  • Tax Lot: 5
  • Tax Tract Number: 2947

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2017
Closed on
Jul 3, 2017
Sold by
Sfr 2012-1 Us West Llc
Bought by
Villa Sonia
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Brandice Presley
First Team Real Estate
List Price
$469,000
Sold Price
$490,000
Premium/Discount to List
$21,000
4.48%
Current Estimated Value
$762,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,804
Avg. Annual Appreciation
5.34%
Original Mortgage
$481,124
Outstanding Balance
$395,223
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$367,581

Purchase Details

Closed on
Jul 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Sfr 2012-1 Us West Llc

Purchase Details

Closed on
Mar 18, 2010
Sold by
Guerrero Patricia
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 20, 2007
Sold by
Guerrero Patricia
Bought by
The Patricia Guerrero Living Trust

Purchase Details

Closed on
Aug 1, 2006
Sold by
Cortez Felisa
Bought by
Guerrero Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2004
Sold by
Cortez Ambrasio
Bought by
Cortez Felisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
Gallardo Jeronimo C and Gallardo Flora
Bought by
Guerrero Patricia and Cortez Felisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
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
Villa Sonia $490,000 Stewart Title Of Ca Inc
Sfr 2012-1 Us West Llc -- First American Title Ins Co
Federal National Mortgage Association $535,606 Landsafe Title
The Patricia Guerrero Living Trust -- None Available
Guerrero Patricia -- Ticor Title Company Of Ca
Cortez Felisa -- Ticor
Guerrero Patricia $410,000 Ticor Glen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villa Sonia $481,124
Previous Owner Guerrero Patricia $435,000
Previous Owner Guerrero Patricia $369,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $490,000 +4.5% $244 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $469,000 -- $234 / 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 $7,117 $557,531 $341,347 $216,184
2024 $7,003 $546,600 $334,654 $211,946
2023 $6,872 $535,884 $328,093 $207,791
2022 $6,562 $525,377 $321,660 $203,717
2021 $6,477 $515,076 $315,353 $199,723
2020 $6,538 $509,796 $312,120 $197,676
2019 $6,289 $499,800 $306,000 $193,800
2018 $6,146 $490,000 $300,000 $190,000
2016 $3,599 $280,861 $150,833 $130,028
2015 $3,550 $276,643 $148,568 $128,075
2014 $3,574 $271,225 $145,658 $125,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17110460

California Regional Multiple Listing Service (CRMLS)

APN: 7423-010-006