NOT LISTED FOR SALE

9516 Somerset Blvd Bellflower, CA 90706

Estimated Value: $1,012,000 - $1,148,000

5 Beds
3 Baths
2,496 Sq Ft
$439/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $600,000 $240 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $6,687/month

6 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Private Yard
  • Property is near public transit
  • Wood Flooring
  • No HOA

About This Home

As of June 2016

2 Homes On One Lot

1916 Somerset Blvd., Bellflower 2 bedroom, 1 Bathroom home built in 1941

1918 Somerset Blvd/. Bellflower 3 bedroom, 2 Bathroom home built in 1967

These homes have been in the same family for over 60 years. They have been lovingly cared for and it's apparent. Both homes have their own electrical boxes and water heaters. Each home has a one car garage and a shared laundry. Two separate yards are also available for each home.

Homes can be sold vacant or front home could be sold tenant occupied

Last Agent to Sell the Property

Jennifer Davis

Y Realty License #01383659 Listed on: 05/11/2016

Co-Listed By

Rhonda Cudeback

Keller Williams Pacific Estate License #01381960

Last Buyer's Agent

Gretta Sheffer Minnema

Re/Max College Park Realty License #00981062

Re/Max College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,728

Year Built

  • Built in 1941

Lot Details

  • 10,070 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • No Sprinklers
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 8 Open Parking Spaces
  • Parking Available
  • Driveway
  • RV Potential

Home Design

  • Traditional Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,496 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Galley Kitchen
  • Built-In Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 14
  • Tax Tract Number 116
  • Assessor Parcel Number 6271027020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $1,200
  • Net Operating Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,728

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 5626191443
  • Other Phone Number: 5626191443
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6271027020
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 240.38
  • Room Type: All Bedrooms Down, Galley Kitchen, Living Room

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, RV Potential
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Sprinklers None, Near Public Transit, Yard
  • Lot Size Sq Ft: 10070.00
  • Price Per Lot Square Foot: 59.58

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1200.00
  • Gross Scheduled Income: 14400.00
  • Net Operating Income: 13200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Other Income Description: Long term tenant with low rent
  • Rent Control: No

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2016
Closed on
May 23, 2016
Sold by
Price Orvil L and Price Lucille A
Bought by
Felix Valentin and Felix Yadira
Seller's Agent
Jennifer Davis
Y Realty
Buyer's Agent
Gretta Sheffer Minnema
Re/Max College Park Realty
List Price
$519,000
Sold Price
$600,000
Premium/Discount to List
$81,000
15.61%
Current Estimated Value
$1,095,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$495,948
Avg. Annual Appreciation
6.32%
Original Mortgage
$450,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 1996
Sold by
Price Orvil L and Price Lucille A
Bought by
Price Orvil L and Price Lucille A
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
Felix Valentin $600,000 None Available
Price Orvil L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felix Valentin $364,500
Closed Felix Valentin $450,000
Previous Owner Price Orvil L $120,000
Previous Owner Price Orvil L $60,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2016 06/17/16 Sold $600,000 +15.6% $240 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $519,000 -- $208 / 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 $8,728 $710,272 $355,136 $355,136
2024 $8,728 $696,346 $348,173 $348,173
2023 $8,383 $682,694 $341,347 $341,347
2022 $8,236 $669,308 $334,654 $334,654
2021 $8,065 $656,186 $328,093 $328,093
2020 $7,995 $649,458 $324,729 $324,729
2019 $7,859 $636,724 $318,362 $318,362
2018 $7,491 $624,240 $312,120 $312,120
2016 $1,415 $82,930 $26,689 $56,241
2015 $1,389 $81,686 $26,289 $55,397
2014 $1,386 $80,087 $25,775 $54,312
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16099776

California Regional Multiple Listing Service (CRMLS)

APN: 6271-027-020