NOT LISTED FOR SALE

1160 Olive Tree Ln Hemet, CA 92543

Estimated Value: $220,243 - $524,000

4 Beds
4 Baths
2,181 Sq Ft
$197/Sq Ft Est. Value

Last Sold May 25, 2017

Last sale price $255,000 $117 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,563/month

12 Days on Market

Highlights

  • Primary Bedroom Suite
  • No HOA
  • Central Heating and Cooling System
  • Corner Lot
  • Laundry Room
  • 4 Car Garage

About This Home

As of May 2017

Great investment opportunity in central Hemet. Duplex, both units are 2BR/2BA with newer carpet and flooring. Both are well maintained and currently rented. Each has a 2 car garage.

Last Agent to Sell the Property

Steve Krasovec

Century 21 Masters License #01192212 Listed on: 04/19/2017

Century 21 Masters

Last Buyer's Agent

ANA RUBIO-JIMENEZ

COLDWELL BANKER LEADERS License #01246589

COLDWELL BANKER LEADERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,378

Year Built

  • Built in 1973

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Ranch Style House
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,181 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 2962
  • Assessor Parcel Number 447172009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,378

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: R3
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 447172009
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 116.92
  • Room Type: Master Suite

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7841.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 20160.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 434.03
  • Tax Lot: 9
  • Tax Tract Number: 2962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2017
Closed on
May 8, 2017
Sold by
Wakai Theodore Y
Bought by
Jimenez Oscar
Seller's Agent
Steve Krasovec
Century 21 Masters
Buyer's Agent
ANA RUBIO-JIMENEZ
COLDWELL BANKER LEADERS
List Price
$270,000
Sold Price
$255,000
Premium/Discount to List
-$15,000
-5.56%
Current Estimated Value
$429,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,811
Avg. Annual Appreciation
6.41%

Purchase Details

Closed on
Oct 2, 2013
Sold by
Mogulaxis Properties Unlimited Llc
Bought by
Wakai Theodore Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
4.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 27, 2013
Sold by
Rn Investments Llc
Bought by
Mogulaxis Properties Unlimited Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
4.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 26, 2013
Sold by
Youssef Sylvia Sami
Bought by
Youssef George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
4.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 1, 2010
Sold by
Rn Investments Llc
Bought by
Rn Investments Llc

Purchase Details

Closed on
Nov 25, 2009
Sold by
Samuel Edward Ephraim
Bought by
Rn Investments Llc

Purchase Details

Closed on
Nov 9, 2009
Sold by
Samuel Edward Ephraim
Bought by
Samuel Edward Ephraim

Purchase Details

Closed on
Sep 29, 2005
Sold by
Samuel Edward Ephraim
Bought by
Samuel Edward Ephraim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.09%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 9, 2005
Sold by
Neuenburg Neal Hull and Neuenburg Frances H
Bought by
Samuel Edward E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.09%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 24, 1998
Sold by
Neuenburg Freed Josephine H
Bought by
Neuenburg Neal Hull and Neuenburg Frances H
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
Jimenez Oscar $255,000 Chicago Title Company
Jimenez Oscar -- Chicago Title Company
Wakai Theodore Y $239,000 First American Title Company
Mogulaxis Properties Unlimited Llc $165,000 First American Title Company
Youssef George -- First American Title Co
Rn Investments Llc -- None Available
Rn Investments Llc $126,000 Fidelity National Title Ie
Samuel Edward Ephraim -- Lawyers Title Company
Samuel Edward Ephraim -- --
Samuel Edward E $410,000 Lawyers Title Co
Neuenburg Neal Hull -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wakai Theodore Y $139,000
Previous Owner Samuel Edward E $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2017 05/25/17 Sold $255,000 -5.6% $117 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $270,000 -- $124 / 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 $3,378 $295,943 $40,617 $255,326
2023 $3,378 $284,453 $39,041 $245,412
2022 $3,273 $278,876 $38,276 $240,600
2021 $3,220 $273,409 $37,526 $235,883
2020 $3,192 $270,607 $37,142 $233,465
2019 $3,124 $265,302 $36,414 $228,888
2018 $3,028 $260,100 $35,700 $224,400
2017 $2,964 $252,437 $36,966 $215,471
2016 $2,943 $247,489 $36,242 $211,247
2015 $2,947 $243,774 $35,699 $208,075
2014 $2,817 $239,000 $35,000 $204,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW17086203

California Regional Multiple Listing Service (CRMLS)

APN: 447-172-009