NOT LISTED FOR SALE

Estimated Value: $889,000 - $1,021,000

4 Beds
2 Baths
1,378 Sq Ft
$676/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $887,000 $644 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,805/month

12 Days on Market

About This Home

As of October 2023

ADD-VALUE duplex property in the heart of Old Escondido’s Historic District – Unique find! Awesome opportunity for both owner occupied and investor buyers. Situated on a larger lot (almost 8,000 square feet) with alley access and potential for adding an additional ADU unit in the rear, convert the existing detached garage, or add garages and a unit. Both units are two bedrooms and one bathroom with 2 driveway spaces each and one unit using the detached garage. There are separate SDG&E meters and one shared water meter on-site. Hurry, this opportunity won’t last long! There are separate SDG&E meters and one shared water meter on-site. Hurry, this opportunity won’t last long!

Last Agent to Sell the Property

Nick Emerson

Keller Williams La Jolla License #01897169 Listed on: 09/20/2023

Keller Williams La Jolla

Last Buyer's Agent

Crystal Contreras

NewTown Real Estate License #01479564

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,141

Year Built

  • Built in 1949

Lot Details

  • 7,793 Sq Ft Lot
  • Cross Fenced

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 233-550-19-00

Community Details

Overview

  • 2 Units
  • Escondido Community

Building Details

  • Net Operating Income $27,456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,141

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: E 10th Ave
  • Neighborhood: Felicita Villas
  • Supplement: There are separate SDG&E meters and one shared water meter on-site. Hurry, this opportunity won’t last long!
  • LP / Sq Ft: 21.65
  • Stories: 1 Story
  • Sale Price List Price: 1.04
  • Total Stories: 1
  • Year Built: 1949
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Cross Fencing
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: Escondido
  • Community: EAST ESCONDIDO
  • Manager Name: Leisure Life Property Mgm
  • Manager Phone: 760-209-6424

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 233-550-19-00
  • Land Use Code: R-1
  • Estimated Lot Sq Ft: 7793
  • Estimated Number of Acres: 0.18
  • Map Code Column: A
  • Map Code Page: 1130
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 27456
  • Annual Expense Actual: 7944
  • Annual Expense Projected: 17750
  • Gross Rent Multiplier Actual: 24.01
  • Gross Rent Multiplier Projected: 14.91
  • Gross Sched Income Actual: 35400
  • Gross Sched Income Projected: 57000
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2009
Sold by
Seibert Belva J
Bought by
Camp Thomas D and Camp Linda
Current Estimated Value
$931,986

Purchase Details

Closed on
Mar 17, 2006
Sold by
Seibert Belva J and Mckay Stephen W
Bought by
Seibert Belva J and Mckay Stephen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 26, 2003
Sold by
Mckay Stephen W
Bought by
Mckay Stephen W

Purchase Details

Closed on
May 30, 2003
Sold by
Seibert Belva J
Bought by
Seibert Belva J

Purchase Details

Closed on
Nov 5, 1997
Sold by
Seibert Leah Dawn
Bought by
Seibert Belva Jo

Purchase Details

Closed on
Aug 23, 1985
Source: Public Records

Range of Values:

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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
Camp Thomas D $225,000 Advantage Title Inc
Seibert Belva J -- Accommodation
Seibert Belva J -- Lawyers Title Company
Mckay Stephen W -- --
Seibert Belva J -- --
Seibert Belva Jo -- --
-- $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seibert Belva J $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2023 10/26/23 Sold $887,000 +4.4% $644 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $849,800 -- $617 / 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 $10,141 $904,740 $601,800 $302,940
2024 $10,141 $887,000 $590,000 $297,000
2023 $3,205 $279,144 $198,506 $80,638
2022 $3,170 $273,671 $194,614 $79,057
2021 $3,119 $268,306 $190,799 $77,507
2020 $3,101 $265,556 $188,843 $76,713
2019 $3,027 $260,350 $185,141 $75,209
2018 $2,944 $255,246 $181,511 $73,735
2017 $2,896 $250,242 $177,952 $72,290
2016 $2,840 $245,336 $174,463 $70,873
2015 $2,816 $241,652 $171,843 $69,809
2014 $2,701 $236,919 $168,477 $68,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230018457

San Diego MLS

APN: 233-550-19