NOT LISTED FOR SALE

Estimated Value: $2,185,631 - $3,182,000

2 Beds
2 Baths
1,938 Sq Ft
$1,392/Sq Ft Est. Value

Last Sold April 12, 2012

Last sale price $995,000 $513 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $15,541/month

15 Days on Market

Highlights

  • Cottage
  • Laundry Room
  • Central Heating
  • Newport Heights Elementary Rated A
  • Customized Wheelchair Accessible
  • Wood Siding

About This Home

As of April 2012

Great investment opportunity! Steady income from two houses on an R2 lot in Newport Heights. Front unit has 2 bedrooms and 1 bath with attached garage. Rear unit has has 2 bedrooms, a workroom, 2 baths, attached garage converted into storage room, 2 car carport and extra parking. Exterior of property is nicely landscaped and well maintained, with recent re-roofs and paint. Great tenants on a month-to-month basis. This is a standard sale. Lot size approx 52x154.

Last Agent to Sell the Property

Art White

White Sail Real Estate License #01905655 Listed on: 02/27/2012

Last Buyer's Agent

Nick Louis

NAL Financial Inc. License #01331863

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,100

Home Design

  • Cottage
  • Block Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,938 Sq Ft Home
  • Carpet

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 4 Parking Spaces
  • Parking Available
  • Covered Parking
  • Driveway

Utilities

  • Central Heating
  • Water Heater
  • Sewer Paid

Additional Features

  • Customized Wheelchair Accessible
  • 7,100 Sq Ft Lot

Listing and Financial Details

  • Tax Block 8
  • Tax Tract Number 27
  • Assessor Parcel Number 42528307

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $4,550

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

7,100 Sq Ft Lot

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 42528307
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Accessibility Features: Customized Wheelchair Accessible
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 513.42

Exterior Features

  • Foundation: Block, Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7100.00
  • Lot Size Acres: 0.1630

Multi Family

  • Gross Income: 4550.00
  • Gross Multiplier: 18.22
  • Gross Scheduled Income: 54600.00
  • Lot Size Area: 7100.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Area: 07007
  • Tax Block: 8
  • Tax Lot: 0.
  • Tax Tract Number: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2021
Sold by
Leeper George Chesley and Leeper Jennifer S
Bought by
Leeper George Chesley and Leeper Jennifer S
Current Estimated Value
$2,698,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$673,300
Outstanding Balance
$608,395
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$2,090,013

Purchase Details

Closed on
Apr 1, 2015
Sold by
Leeper George Chesley and Leeper Jennifer
Bought by
Leeper George Chesley and Leeper Jennifer Strange

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$755,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 27, 2012
Closed on
Mar 28, 2012
Sold by
Hersh Tom and Hersh Karen
Bought by
Leeper George and Leeper Jennifer
Seller's Agent
Art White
White Sail Real Estate
Buyer's Agent
Nick Louis
NAL Financial Inc.
List Price
$995,000
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$786,400
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2005
Sold by
Hersh Tom and Hersh Karen
Bought by
Hersh Tom and Hersh Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization
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
Leeper George Chesley -- Lawyers Title
Leeper George Chesley -- Ticor Title
Leeper George $983,000 Old Republic Title Company
Hersh Tom $337,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leeper George Chesley $673,300
Closed Leeper George Chesley $755,000
Closed Leeper George $786,400
Previous Owner Hersh Tom $705,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2012 04/12/12 Sold $995,000 0.0% $513 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $995,000 -- $513 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,458 $1,234,699 $1,130,909 $103,790
2024 $13,458 $1,210,490 $1,108,735 $101,755
2023 $13,144 $1,186,755 $1,086,995 $99,760
2022 $12,898 $1,163,486 $1,065,682 $97,804
2021 $12,538 $1,140,673 $1,044,786 $95,887
2020 $12,417 $1,128,977 $1,034,073 $94,904
2019 $12,167 $1,106,841 $1,013,797 $93,044
2018 $11,928 $1,085,139 $993,919 $91,220
2017 $11,795 $1,063,862 $974,430 $89,432
2016 $11,533 $1,043,002 $955,323 $87,679
2015 $11,419 $1,027,336 $940,974 $86,362
2014 $11,151 $1,007,212 $922,541 $84,671
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12000913

California Regional Multiple Listing Service (CRMLS)

APN: 425-283-07

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