1641 Melvin Way Tustin, CA 92780

$289,000 Sold Price as of 08/15/2014

4 Beds
2 Baths
1,420 Sq.Ft.

Off Market

$289,000 Sold Price as of 08/15/2014 Refinance Your Mortgage

Map preview of 1641 Melvin Way, Tustin, CA 92780

Property Overview: 1641 Melvin Way Tustin, CA has 4 bedrooms, 2 bathrooms, 1,420 living square feet and 7,442 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1641 Melvin Way is currently an off market home in the city of Tustin. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Tustin has a median list price of $1,270,000. The median price per/sqft for Tustin is $701. With those numbers in mind, if you are looking to purchase a median priced home in Tustin, CA and put 20% down you will need to save up $254,000 for the down payment and will need roughly $25,400 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Tustin the commission could be as much as $67,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1641 Melvin Way

Last sold for $289,000 on August 15th, 2014

October, 2020
Oct 5, 2020

Date

Withdrawn

CRMLS: PW20188924

$2,366,000

Price
Sep 11, 2020

Date

Active

CRMLS: PW20188924

$2,366,000

Price
Listing provided courtesy of CRMLS

This listing is one of 4 rental houses being offered for sale at $772K. Exchange your interest out of one property into these FOUR Single Family Rental 3-4 bedroom single story HOUSES, in four different cities. All rented with stable long-term tenants and all paying their rent. Extremely high demand for rental houses and easy to manage. Rarely a vacancy and rented almost immediately. Pull your exchange cash back out with a new delayed financing for each house (75% LTV) with a conforming Fannie/Freddie 30 year fixed low interest loans. Use this cash to buy even more properties. Seller may assist with financing. THE LIST PRICE COVERS ALL FOUR HOUSES. The individual houses can be found under the following MLS numbers with asking price and monthly rent and number of years tenant has rented the house listed as follows: PW20188924,PW20188784,PW20188566,PW20188339,Tustin ($772K $2800 mo, 9 yrs), Anaheim ($546K $2800 mo, 8 yrs), Buena Park ($515K $2,250 mo, 8 yrs), Bellflower ($533K $2,400 mo, 10+ yrs) respectively. List price $2,366,000 for the 4 houses ($590K average) with $123,000 annual income (19X gross). NO HOA’s. Tenants pay all utilities and gardener. Seller will manage the properties for 3 months for free. Will consider continued management.

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August, 2014
Aug 15, 2014

Date

Sold (Public Records)

Public Records

$289,000

Price
August, 2014
Aug 15, 2014

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1641 Melvin Way

Assessed Value (2020): $565,952

Year	Land Value	Improved Value	Assessed Value
2020	$475,074	$90,878	$565,952

About 1641 Melvin Way

Detailed summary of property

1641 Melvin Way is a single family home in Tustin, CA 92780 and last sold on August 15, 2014 for $289,000. This house has 4 bedrooms, 2 bathrooms, roughly 1,420 living square feet, and sits on an approximately 7,442 square foot lot. Homes in Tustin are selling for a median price of $1,350,000 and a median price per square foot of $720. Based on Ardent Real Estate Group's Tustin Market Data, this home is sold 78.59% lower than the current median priced home. 1641 Melvin Way was last sold on August 15, 2014 for $289,000. Local nearby listings include 12282 Newport Ave, 12864 Maxwell Dr and 12161 Skyway Dr. The average home in Tustin, CA is selling in 32 days. There are currently 93 homes for sale in the Tustin real estate market and 53 of them are single family homes while 26 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 1641 Melvin Way Tustin, CA 92780 contact Ardent Real Estate Group and we will put you in touch with one of our Tustin agents.

Public Facts for 1641 Melvin Way

Public county record property details

Beds: 4
Baths: 2
Year built: 1961
Sq. Ft.: 1,420
Lot Size: 7,442
Stories: 1

Type: Single Family Residential
Pool: No
Spa: No
County: Orange
Lot#: 3
APN: 103-223-03

The source for these homes facts are from public records.

92780 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,219,000

Median List Price/Sq.Ft.

$654

Median Sold Price

$1,230,000

Median Sold Price/Sq.Ft.

$720

Total Inventory

Median Sale to List Price %

98.4%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (40%), Other (10%)

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