NOT LISTED FOR SALE

Estimated Value: $5,326,000 - $7,047,000

5 Beds
3 Baths
2,300 Sq Ft
$2,864/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $3,250,000 $1,413 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $38,562/month

Highlights

  • Ocean View
  • Property has ocean access
  • Laundry Room
  • Newport Elementary School Rated A
  • No HOA
  • 2-minute walk to 38th Street Park

About This Home

As of February 2023

Property listed in MLS for MLS record.

Last Agent to Sell the Property

Bob Kurz

Re/Max Olympic License #00854160 Listed on: 02/21/2023

Re/Max Olympic

Last Buyer's Agent

Jodi DiTolla

StoneWood Real Estate License #01969994

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,422

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 2,178 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • Bay
  • Peek-A-Boo

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Exterior Lighting

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 15 / 38
  • Tax Tract Number 670
  • Assessor Parcel Number 42332202
  • $501 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $1
  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,422

Year Built

Built in 1930 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 1625000
  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • View: Yes
  • Water Sewer Expenses: 1.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42332202
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 1413.04

Exterior Features

  • View: Bay, Ocean, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 2178.00
  • Lot Size Acres: 0.0500

Multi Family

  • Average Studio Area: 400 Square Feet
  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 1.00
  • Gross Scheduled Income: 1.00
  • Insurance Expense: 1.00
  • Lot Size Area: 2178.0000 Square Feet
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1.00
  • Rent Control: Yes
  • Total Actual Rent: 1.00
  • Total Expenses: 1.00
  • Waterfront Features: Ocean Access

Tax Info

  • Tax Block: 38
  • Tax Census Tract: 635.00
  • Tax Lot: 15
  • Tax Tract Number: 670
  • TaxOtherAnnualAssessmentAmount: 501.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
Feb 17, 2023
Sold by
Andrus John and Andrus Michelle
Bought by
Mj 139Th Llc
Seller's Agent
Bob Kurz
Re/Max Olympic
Buyer's Agent
Jodi DiTolla
StoneWood Real Estate
List Price
$3,250,000
Sold Price
$3,250,000
Current Estimated Value
$6,586,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,336,553
Avg. Annual Appreciation
32.06%
Original Mortgage
$2,437,500
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2023
Closed on
Jan 25, 2023
Sold by
Pedro Paseo Llc
Bought by
Andrus John and Andrus Michelle
Seller's Agent
Bob Kurz
Re/Max Olympic
Buyer's Agent
Jodi DiTolla
StoneWood Real Estate
List Price
$3,250,000
Sold Price
$3,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2019
Sold by
Shuey Fred J and Mercado Shuey Alma
Bought by
Mercado Shuey Trust

Purchase Details

Listed on
Oct 14, 2016
Closed on
Dec 14, 2016
Sold by
Kumar T Muthu
Bought by
Shuey Fred Jacob and Mercado Shuey Alma Delia
Seller's Agent
Carl Wuestehube
Tri-Star Realty
Buyer's Agent
ROBERT IRISH
LAKE HILLS REALTY INC
List Price
$2,195,000
Sold Price
$2,090,000
Premium/Discount to List
-$105,000
-4.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%

Purchase Details

Closed on
Jan 7, 2016
Sold by
Kumar T Muthu and Mutho Kumar T
Bought by
Kumar T Muthu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2004
Sold by
Kumar Simi M
Bought by
Kumar T Muthu and Mutho Kumar T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 18, 2003
Sold by
Garrett Timothy D and Garrett Marlo
Bought by
Kumar T Mutho and Kumar Simi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$698,400
Interest Rate
3.64%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 25, 2003
Sold by
Garrett Timothy D and Garrett Marlo
Bought by
Garrett Timothy D and Garrett Marlo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2002
Sold by
Garrett Timothy D and Garrett Marlo S
Bought by
Garrett Timothy D and Garrett Marlo

Purchase Details

Closed on
Jul 6, 2001
Sold by
Simon Jeffrey S
Bought by
Garrett Timothy D and Garrett Mario S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.15%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 17, 1997
Sold by
Simon Jeffrey S
Bought by
Simon Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 1997
Sold by
Frady William E
Bought by
Simon Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage
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
Mj 139Th Llc -- --
Andrus John $3,250,000 Chicago Title
Mercado Shuey Trust -- None Available
Shuey Fred J -- None Available
Shuey Fred Jacob $2,090,000 Wfg Title Company Of Ca
Kumar T Muthu -- Lawyers Title
Kumar T Muthu -- Fidelity National Title Co
Kumar T Mutho $873,000 Southland Title Corporation
Garrett Timothy D -- Fidelity National Title
Garrett Timothy D -- --
Garrett Timothy D $575,000 United Title Company
Simon Jeffrey S -- Fidelity National Title Ins
Simon Jeffrey S $359,090 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrus John $2,437,500
Previous Owner Kumar T Muthu $350,000
Previous Owner Kumar T Muthu $1,280,000
Previous Owner Kumar T Muthu $466,000
Previous Owner Kumar T Muthu $250,000
Previous Owner Kumar T Mutho $698,400
Previous Owner Garrett Timothy D $371,000
Previous Owner Garrett Timothy D $275,000
Previous Owner Simon Jeffrey S $28,900
Previous Owner Simon Jeffrey S $288,000
Closed Simon Jeffrey S $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $3,250,000 0.0% $1,413 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $3,250,000 +14.0% $1,413 / Sq Ft
04/22/2022 04/22/22 Sold $2,850,000 -3.4% $893 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
11/19/2021 11/19/21 For Sale $2,950,000 +41.1% $924 / Sq Ft
01/04/2017 01/04/17 Sold $2,090,000 -4.8% $995 / Sq Ft
10/14/2016 10/14/16 For Sale $2,195,000 -- $1,045 / 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 $35,422 $4,663,523 $3,286,063 $1,377,460
2024 $35,422 $3,315,000 $3,221,631 $93,369
2023 $30,997 $2,907,000 $2,820,848 $86,152
2022 $24,548 $2,285,719 $2,210,340 $75,379
2021 $24,079 $2,240,901 $2,167,000 $73,901
2020 $23,847 $2,217,924 $2,144,780 $73,144
2019 $23,356 $2,174,436 $2,102,726 $71,710
2018 $22,892 $2,131,800 $2,061,496 $70,304
2017 $11,743 $1,069,479 $988,349 $81,130
2016 $11,483 $1,048,509 $968,969 $79,540
2015 $11,373 $1,032,760 $954,414 $78,346
2014 $11,106 $1,012,530 $935,718 $76,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23030148

California Regional Multiple Listing Service (CRMLS)

APN: 423-322-02