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530 Arcade Drive

530 Arcade Drive, Ventura, CA 93003
Property in Ventura
Sold Aug 29, 2005
$935,000
$655,000 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2037
Sold Jun 08, 2005
$860,000
$650,000 by Home Savings Mortgage
Mortgage Due Jul 01, 2035
Local assessors in Ventura, CA have categorized 530 Arcade Drive as a residential type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 8,051 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. If we look only at the heated or air conditioned part of the building, then 530 Arcade Drive has a total of 1,977 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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, 530 Arcade Drive sold most recently in Aug 1, 2005 for a total of $935,000. If you work out the math, that's approximately a cost of $472.94 per sqft. Before that, the property was also sold for $860,000 in May 4, 2005. 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 $12,537 in taxes each year. 530 Arcade Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,263,622. If we break it down further, the land itself was valued at $985,134. Improvements to the property, however, were assessed at a total of $278,488. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,051
  • Total Building Area: 1,977
  • Gross Building Area: 1,977
  • Building Area: 1,977
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,977
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARCADE HOME FARMS
  • Land Acres: 0.185
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)

Ownership

  • Current Owner : SHINKAWA JANIS LYN
  • Current Owner 2: LIM JILL MAYUMI MURAOKA
  • Previous Owner : FREENY CELIE
  • Owner Before Previous Owner: GOMEZ DIEGO A
  • Owner Before Previous Owner 2: GOMEZ JANA SCARBOROUGH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Ventura Unified School District
  • Census Tract: 002800

Zoning

  • Zoning: R3-5

Geography

  • Assessors Map Reference: 48-C6
  • District: 05
  • Parcel: 075-0-161-350
  • Block: 161
  • Municipality: VENTURA
  • Latitude: 34.2694
  • Longitude: -119.266

    Address

  • Full Address: 530 Arcade Dr
  • Address - House Number: 530
  • Address - Street Name: Arcade
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Ventura
  • Carrier Code: C026
  • 4-Digit Zip Code: 4504
  • Zip Code: 93003

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,537
  • Tax Rate Code Area: 05-001

    Appraisal Valuation

  • Standard Deviation: 0.3695
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 26
  • Final Value: 1,637,535
  • High Value: 2,242,733
  • Low Value: 1,032,336

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $655,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 08, 2021
  • First Open Lien Mortgage Loan Amount: $655,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,263,622
  • Assessed Land Value: $985,134
  • Assessed Improvements Value: $278,488

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 01, 2005
  • Current Sale Recording Date: Aug 29, 2005
  • Current Sale Transaction ID: 1077910295
  • Current Sale Price: $935,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20050829-0213886
  • Previous Sale Recording Date: Jun 08, 2005
  • Previous Sale Contract Date: May 04, 2005
  • Previous Sale Amount: $860,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREENPOINT MORTGAGE FUNDING IN
  • First Mortgage Transaction Date: Aug 29, 2005
  • First Mortgage Loan Amount: $748,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Sep 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: HOME SAVINGS MORTGAGE
  • Previous Mortgage Transaction Date: Jun 08, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $650,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jul 01, 2035

About San Buenaventura (Ventura)



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Frequently Asked Questions

What neighborhood is 530 Arcade Drive located in?
The 530 Arcade Drive is a located in the neighborhood of Ventura in San Buenaventura (Ventura), Ventura.
What is the average sales price for listings in 530 Arcade Drive?
The average sales price for units in 530 Arcade Drive is $0 currently.

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