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131 South Magnolia Avenue

131 South Magnolia Avenue, Anaheim, CA 92804
Property in West Anaheim
Sold Oct 31, 2017
$6,125,000
$345,000 by Homestreet Bank
Mortgage Due Nov 01, 2047
Sold Jul 01, 2014
$3,925,000
$2,943,750 by Independence Bank
Mortgage
131 South Magnolia Avenue in Anaheim, CA was first built in 1969 and is 55 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. 131 South Magnolia Avenue has 18,822 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 37,408 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 131 South Magnolia Avenue sold most recently in Jul 24, 2017 for a total of $6,125,000. If you work out the math, that's approximately a cost of $325.42 per sqft. Before that, the property was also sold for $3,925,000 in Apr 23, 2014. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $78,137 in taxes each year. 131 South Magnolia Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $6,698,581. If we break it down further, the land itself was valued at $4,921,407. Improvements to the property, however, were assessed at a total of $1,777,174. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 2
  • Living Units: 24
  • Business/Commerical Units Count: 24
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 37,408
  • Total Building Area: 18,822
  • Gross Building Area: 18,822
  • Building Area: 18,822
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 18,822
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RANCHO LOS COYOTES
  • Land Acres: 0.859
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: S TWP 4 RGE 11 SEC 13 SEC 13 T 4 R 11 S 100 FT N 560 FT E 448 FT NE1/4

Ownership

  • Current Owner : MENG LAU STEPHEN SIU
  • Current Owner 2: TAI LAU BETTY PUI
  • Previous Owner : MAGNOLIA PE LLC
  • Owner Before Previous Owner: DRC INVESTMENTS INC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Magnolia Elementary School District
  • Census Tract: 087001

Geography

  • Assessors Map Reference: 10-D4
  • Parcel: 126-032-22
  • Latitude: 33.8308
  • Longitude: -117.977

    Address

  • Full Address: 131 S Magnolia Ave
  • Address - House Number: 131
  • Street Direction: S
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Anaheim
  • Carrier Code: C041
  • 4-Digit Zip Code: 2167
  • Zip Code: 92804

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $78,137
  • Tax Rate Code Area: 01-029

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 4,155,135
  • High Value: 5,701,547
  • Low Value: 2,608,722

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $345,000
  • First Open Lien Mortgage Lender: HOMESTREET BANK
  • First Open Lien Mortgage Recording Date: Oct 31, 2017
  • First Open Lien Mortgage Loan Amount: $345,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,698,581
  • Assessed Land Value: $4,921,407
  • Assessed Improvements Value: $1,777,174

    Sales

  • Current Sale Contract Date: Jul 24, 2017
  • Current Sale Recording Date: Oct 31, 2017
  • Current Sale Transaction ID: 1397844317
  • Current Sale Price: $6,125,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2017000462411
  • Previous Sale Recording Date: Jul 01, 2014
  • Previous Sale Contract Date: Apr 23, 2014
  • Previous Sale Amount: $3,925,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMESTREET BANK
  • First Mortgage Transaction Date: Oct 31, 2017
  • First Mortgage Loan Amount: $345,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: INDEPENDENCE BANK
  • Previous Mortgage Transaction Date: Jul 01, 2014
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $2,943,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About West Anaheim



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Frequently Asked Questions

What neighborhood is 131 South Magnolia Avenue located in?
The 131 South Magnolia Avenue is a located in the neighborhood of West Anaheim in West Anaheim, Anaheim.
What is the average sales price for listings in 131 South Magnolia Avenue?
The average sales price for units in 131 South Magnolia Avenue is $0 currently.

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