- Tax
- Tax Amount: $49,077
- Tax Rate Code Area: 706
- Appraisal Valuation
- Standard Deviation: 0.1865
- Valuation Date: Nov 29, 2023
- Confidence Score: 75
- Final Value: 2,930,167
- High Value: 3,476,742
- Low Value: 2,383,592
- Open Liens
- Total Open Liens Amount: $2,414,000
- First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
- First Open Lien Mortgage Recording Date: Jul 30, 2021
- First Open Lien Mortgage Financing Type: Fixed Rate
- First Open Lien Mortgage Loan Amount: $1,980,000
- 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: Aug 01, 2051
- Second Open Lien Mortgage Lender: JOVIA FINANCIAL FCU
- Second Open Lien Mortgage Recording Date: Jul 26, 2023
- Second Open Lien Mortgage Financing Type: Variable
- Second Open Lien Mortgage Loan Amount: $434,000
- Second Open Lien Mortgage Term: 360
- Second Open Lien Mortgage Position: 2
- Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
- Market Valuation
- Market Total Value: $2,295,000
- Assessments Valuation
- Assessed Total Value: $2,295
- Assessed Land Value: $548
- Assessed Improvements Value: $1,747
- Sales
- Current Sale Contract Date: Jul 21, 2021
- Current Sale Recording Date: Jul 30, 2021
- Current Sale Transaction ID: 11849428152
- Current Sale Price: $2,492,000
- Current Sale Document Type: Bargain and Sale Deed
- Current Sale Input Document Number: 2021-101075
- Previous Sale Recording Date: Mar 27, 2006
- Previous Sale Contract Date: Feb 23, 2006
- Previous Sale Amount: $2,925,000
- Previous Sale Document Type: Deed
- Last Sale Mortgage
- First Mortgage Lender: UNITED WHOLESALE MORTGAGE
- First Mortgage Transaction Date: Jul 30, 2021
- First Mortgage Loan Amount: $1,980,000
- First Mortgage Terms: 360
- First Mortgage Loan Type: New Conventional
- First Mortgage Loan Due Date: Aug 01, 2051
Sold for 2,492,000
Total Open Liens Amount: $2,414,000
That's a cool 2 grand in his pocket, if he was able to get the broker to accept a 3% commission.
At 6% he lost another 70 grand to his broker.
A side note, he likely applied for a million dollar line of credit on his 2nd mortgage and sold the house after he blew through 434,000 of it. Knowing he was upside down on the house and blowing through half of your heloc lifeline was the wakeup call he needed to finally unload this albatross.
What I am trying to show here is that he isn't the shrewd wheeler dealer we all thought he was.