NOT LISTED FOR SALE

9220 Steele St Rosemead, CA 91770

Estimated Value: $1,409,000 - $1,854,194

6 Beds
3 Baths
3,710 Sq Ft
$433/Sq Ft Est. Value

Last Sold July 21, 2016

Last sale price $1,023,800 $276 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,620/month

9 Days on Market

Highlights

  • In Ground Pool
  • 17,559 Sq Ft lot
  • Laundry Room
  • Muscatel Middle School Rated 9+
  • No HOA
  • Central Air

About This Home

As of July 2016

Great 2 Unit property in excellent part of Rosemead. Perfect property for a large family and the relatives. Large 2600 sqft. home with 4 bedrooms and 2.75 bath. Open lay out with the kitchen overlooking the large family room which is great for entertaining. The 2nd unit is a 1110 sqft. home which has 2 bedrooms and 1 bath home, also with an open layout and its own private yard. Two car garage with plenty of drive way space and a remote front gate and power garage door. Both properties have laundry areas inside. At the rear of the property stands a 3 car garage/2 story workshop with large sliding barn doors for plenty of storage or to convert to separate entertaining area. There is plenty of space in the back yard of the main house, including a pool. All three buildings are detached and permitted with each having there own electrical meter. The property also updated electrical and plumbing to cooper plumbing for both units. This property is also great for an investor due to the HUGE LOT SIZE of 17,555 of SQFT. Very hard to find this size of a lot in this area. An investor can either add more units or develop multiple homes (PUD) for sale on the lot. Or build their dream house on large piece of land. Many options with this property.

Last Agent to Sell the Property

IKE YOON

UNITED CENTRAL INVESTMENTS License #01351625 Listed on: 04/20/2016

Last Buyer's Agent

IKE YOON

UNITED CENTRAL INVESTMENTS License #01351625 Listed on: 04/20/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.4 Acre Lot
  • No Common Walls

Parking

  • 5 Car Garage

Home Design

  • 3,710 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Pool

  • In Ground Pool
  • Vinyl Pool

Additional Features

  • Laundry Room
  • Central Air

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 6287
  • Assessor Parcel Number 8594007005

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 8594007005
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 275.96

Exterior Features

  • Pool Features: In Ground, Vinyl
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 17559.00
  • Price Per Lot Square Foot: 58.31

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 32
  • Tax Tract Number: 6287

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2016
Closed on
Jul 13, 2016
Sold by
Chang Jiang Nan
Bought by
Zhen Sui Jian
Seller's Agent
IKE YOON
UNITED CENTRAL INVESTMENTS
Buyer's Agent
IKE YOON
UNITED CENTRAL INVESTMENTS
List Price
$989,000
Sold Price
$1,023,800
Premium/Discount to List
$34,800
3.52%
Current Estimated Value
$1,604,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$580,999
Avg. Annual Appreciation
4.87%

Purchase Details

Closed on
Apr 29, 2016
Sold by
Racho Valerie E Pike and Estate Of Kenneth M Pike
Bought by
Zhen Sui Jian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 8, 2008
Sold by
Pike Kenneth M and Pike Kenneth M
Bought by
Pike Kenneth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.41%
Mortgage Type
New Conventional
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
Zhen Sui Jian -- None Available
Zhen Sui Jian $1,024,000 Western Resources Title Co
Pike Kenneth M -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhen Sui Jian $165,000
Previous Owner Pike Kenneth M $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2016 07/21/16 Sold $1,023,800 +3.5% $276 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $989,000 -- $267 / 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 $14,731 $1,206,051 $870,437 $335,614
2024 $14,731 $1,182,404 $853,370 $329,034
2023 $14,807 $1,159,221 $836,638 $322,583
2022 $14,294 $1,136,492 $820,234 $316,258
2021 $14,135 $1,114,208 $804,151 $310,057
2020 $13,837 $1,102,784 $795,906 $306,878
2019 $191 $1,065,161 $780,300 $284,861
2018 $13,018 $1,044,276 $765,000 $279,276
2016 $2,576 $173,785 $62,521 $111,264
2015 $2,574 $171,175 $61,582 $109,593
2014 $2,539 $167,823 $60,376 $107,447
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16083088

California Regional Multiple Listing Service (CRMLS)

APN: 8594-007-005